2022-03-31-accounts

CONTENTS		PAGE
Reference and administrative information
Trustees' Report		2 —6
Statement ofTrustees'	Responsibilities
Independent Examiner's	Report
Statement of Financial Activities		9-10
Balance Sheet
Notes to the accounts		12 - 17

Trustees		Stephen Carr	(Chair)	(Chair)	(Chair)
		David Winstanley		(Vice		Chair)
		Alison Newman
		Pin K Low
		Douglas Sharp
Registered	Office	Biggin Hill Memorial			Museum
		Main Road
		Biggin Hill
		Westerham
		TN16 3EJ
Charity number		1162645
Bankers		Metro Bank PLC
		One Southampton			Row
		London
		WC1B 5HA
Investment	managers	Evelyn Partners
		45 Gresham	Street
		London
		EC2V 7BG
Accountants		McBrides Accountants				LLP
		Nexus House
		2 Gray Road
		Sidcup, Kent
		DA14 5DA

			Unrestricted Funds	Restricted Funds	Endowment Funds	Total 2022	Total 2021
		Notes	E		F	F
Income and endowments
Donations			40,156	68,530		108,686	135,368
Charitable activities			44,194			44,194	10,506
Gift aid
Other income			17,696	7,882		25,578	36,297
Investments					10,877	10,877	16,733
Total income			102,046	76,412	10,877	189,335	198,904
Expenditure
Raising funds:
Investment management	costs	3a			24,083	24,083	21,935
Charitable activities:
Direct costs		3a	105,863	76,412		182,275	151,782
Support costs		3a, 3b	58,000			58,000	38,347
Total expenditure			163,863	76,412	24,083	264,358	212,064
Net income/(expenditure)	before gains
and losses on investments			(61,817)		(13,206)	(75,023)	(13,160)
Net gains/(losses) on investments					91,988	91,988	256,840
Net income/(expenditure)			(61,817)		78,782	16,965	243,680
Reconciliation offunds
Funds b/f at 1 April 2021			82,294	17,643	1,686,652	1,786,589	1,542,909
Transfer of fund balances			30,000		(30,000)
Funds c/f at 31 March 2022			50,477	17,543	1,735,434	1,803,554	1,785,589

			2022	2021
			F	F
Net movement	on funds - historical cost basis
Net movement	in funds for the year		16,965	243,680
Unrealised (gains)/losses on investments			(91,988)	(256,840)
Difference between the gain realised on investments		calculated
on the historical	cost basis and that calculated on market value
Net movement	offunds for the year on historical cost	basis	(75,024)	(13,160)

						2022	2021
						F	F
Dividends	and interest-	UK	investments			10,877	16,733
						10,877	16,733
3a. Analysis ofcharitable			expenditure
Costs directly allocated		to	activities	Investment	Charitable	Total 2022	Total 2021
				E	F	F	F
Salaries					110,177	110,177	64,093
Employer	Nl				5,022	5,022	5,931
Employer	pension				2,823	2,823	809
Utilities					8,238	8,238	13,968
Marketing					37,069	37,069	46,544
Repairs and maintenance					18,946	18,946	20,437
Investment	management	fees		24,083		24,083	21,935
				24,083	182,275	206,358	173,717
3b. Supportcosts
				Investment	Charitable	Total 2022	Total 2021
				E		F	F
HRI health	and safety				3,592	3,592	2,700
Software					3,498	3,498	4,105
Insurance					17,143	17,143	1,743
Training					4,158	4,158	3,400
Printing &	stationery				2,809	2,809	2,270
Subscriptions					127	127	82
Legal 8 professional					17,680	17,680	19,227
Bank charges					1,791	1,791	1,288
Other					7,202	7,202	3,532
					58,000	58,000	38,347

4.Staff costs
No employees	received		remuneration		of660,000or over during the year.
The average employee numbers,				analysed		by function was as follows:
							2022	2021
Charitable activities							6	6
Total
5.Prior Year Statement			of Financial		Activities
						Unrestricted Funds	Restricted Funds	Endowment funds	Total 2021
INCOME						E	k	F	F
Donations						99,118	36,250		135,368
Charitable activities						10,506			10,506
Gift aid
Other income						10,741	25,556		36,297
Investments								16,733	16,733
Other income
						120,365	61,806	16,733	198,904
EXPENDITURE
Cost ofcharitable		activities:
Investment management			costs					21,935	21,935
Direct costs						89,976	61,806		151,782
Support costs						38,347			38,347
						128,323	61,806	21,935	212,064
Net gains/(losses)		on investments						256,840	256,840
Net movement	in	funds				(7,958)		251,638	243,680

9. Endowment fund
				2022	2021
				F	F
Balance at 1 April 2021				1,686,652	1,435,014
Net investments				(39,322)	(21,700)
Unrealised profits/(losses)		on investment	revaluation	(77,994)	265,514
Realised gains/(losses)				179,187	(12,965)
Cash				16,911	20,788
Transfer to unrestricted	funds			30,000
Balance at 31 March 2022				1,735,434	1,686,652

											2022	2022	2021
													E
Balance at	1 April 2021										82,294		90,252
Excess/(deficit)		of income		over	general expenditure			for the	year		(61,817)		(7,958)
Transfer from		endowment		fund							30,000
Balance at	31	March	2022									50,477	82,294
This fund represents			the surplus		unrestricted		accumulated		income ofthe Trust.
11.Restricted		fund
											2022		2021
											E		E
Balance at	1 April 2021										17,643		17,643
Excess/(deficit)		of income		over	general expenditure			for the	year
Transfer to	designated		funds
Balance at	31	March	2022									17,643	17,643
Restricted	funds represent			donations		that are	to be	used for specific purposes.
12. Analysis		of net assets between				funds				Endowment fund	Income	funds	Total
										E	E
Property investments
Investments										1,735,434			1,735,434
Net current	assets											68,120	68,120
										1,735,434		68,120	1,803,554