2021-07-31-accounts

THE KENT MINING HERITAGE FOUNDATION

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

Registered Charity No: 1165403

THE KENT MINING HERITAGE FOUNDATION

CONTENTS

CONTENTS

CONTENTS
	Page No
Legal and Administrative Details	1
Report of Trustees	2 - 4
Independent Examiner's Report	5
Statement of Financial Activities	6 - 7
Balance Sheet	8
Notes to the Accounts	9 - 13

THE KENT MINING HERITAGE FOUNDATION

LEGAL AND ADMINISTRATIVE DETAILS

Trustees	S Elgar (Chairman)
	M Chapman
	E Cowens
	J Crews
	J Davies
	P Hathaway
	S Manion
	N McCollum
	S O'Leary
	P Owen
	M Quinn
Key Management Personnel	Trustees (see above)
Principal Address	Almond House
	Betteshanger
	Deal
	Kent CT14 0EN
Location	Betteshanger Park
	Sandwich Road
	Deal
	Kent CT14 0BF
Independent Examiner	M A Wilkes FCA
	Azets Audit Services
	5th Floor
	Ashford Commercial Quarter
	1 Dover Place
	Ashford
	Kent TN23 1FB
Bankers	Barclays Bank plc
	4 Broad Street
	Deal
	Kent CT14 6EP

• 1 -

THE KENT MINING HERITAGE FOUNDATION

REPORT OF TRUSTEES FOR THE YEAR ENDED 31 JULY 2021

The Trustees present their report and examined financial statements of the charity for the year ended 31 July 2021. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK published on 16 July 2014, as amended by Bulletin 1.

Objectives and Activities

The objects of the CIO are:

• To advance the education of the public for the public benefit in the mining heritage of Kent and in old and new forms of energy, in particular green energy, in particular but not exclusively by the establishment and maintenance of a museum on the former colliery site at Betteshanger, Kent.

• To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.

Public benefit statement

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities.

Achievements and Performance in the Year

Between the demise of Hadlow College and the sale of Betteshanger Country Park to Quinn Estates the Charity continued to function maintaining and increasing its collection through volunteers, and complying with Charity Commission guidance. The Board of Trustees was further strengthened, and the Board seeks to strengthen it even further by filling two vacancies with people having the relevant skill sets. The Board is also seeking to diversify.

Following the sale of BCP a dialogue was opened with the National Lottery Heritage Fund (NLHF) to reactivate their £2.1m grant and allow work to recommence on the building of the Kent Mining Museum. During this phase the Board worked closely with the new owners establishing a new base build budget and preparing a draft lease and Service Agreement. During this period all of our existing major suppliers and contractors confirmed their willingness to continue with the project.

In March 2021 the NLHF grant was reactivated and permission to proceed was granted. In April 2021 building work was re-commenced by Quinn Estates and their sub-contractors.

A recruitment programme was begun looking for a Museum Manager, Learning and Education Officer and a Community Curator for the museum. In the period covered the Museum Manager was appointed.

The centre piece of the museum is three mine cars from Tilmanstone Colliery. After training from a machinery conservation specialist volunteers undertook the work which was completed in this period.

Until such time as the Kent Mining Museum is operational and able to generate an income from its activities it is dependent on grants and donations to create the museum and supporting elements in the first instance.

Grant making policy

The Trustees intend to make grants to Betteshanger Country Park Ltd to support the provision of facilities and activities which will be hosted by Betteshanger Park and which will further the KMHF’s objects. Applications will be considered from other organisations or partners which will aim to further the objects of the KMHF through the Museum or the wider Park, or beyond if appropriate. Where KMHF has been the recipient of capital and/or revenue funding, KMHF funds will be gifted to the appropriate recipient body (to be agreed by KMHF Board) and spent in accordance with the agreements and criteria set out by the funder.

~~- 2 -~~

THE KENT MINING HERITAGE FOUNDATION

REPORT OF TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 JULY 2021

Grant making policy

The Trustees expect that grants will normally achieve one or more of the following outcomes:

• Educate the public on the mining heritage of Kent and in old and new forms of energy production

• Establish and maintain a Museum on the former colliery site at Betteshanger

• Provide facilities in the interests of social welfare for recreation and / or leisure with the object of improving their conditions of life

Financial review

Income received for the year ended 31 July 2021 amounted to was £88,021 (2020 £690). Expenditure totalled £91,617 (2020 £4,938). This resulted in a deficit of £3,596 (2020 £4,248) and net funds as of 31 July 2021 of £53,956 (2020 £57,552).

Reserves policy

In accordance with the Charity Commission guidance the Trustees review on a regular basis the level of income they consider appropriate. As of 31 July 2021, the Trustees consider it appropriate to aim to hold reserves equivalent to 6 months general expenditure not covered by the National Lottery Heritage Fund which amounts to around £15,000 (2020 £15,000). The reserves at 31 July 2021 were negative £19,944 (2020 negative £15,948).

Once open, the museum can begin to work towards its business plan and generate income from educational visits and events. This will enable the museum to move from a position of working with restrictive funds specifically for the museum’s development to generation of income that can be used as unrestricted funds to support the charity’s operations.

Restricted funds at 31 July 2021 amounted to £73,900 (2020: £73,500). These relate to ongoing projects.

Going concern

Covid 19 has hampered the remobilisation of the build of the Kent Mining Museum as it was hoped to restart building work in 2020. Within 2021 the Kent Mining Museum, having secured funding from the National Lottery Heritage Fund, will be making steps towards opening a fully operational museum with three staff in place. Once open, the museum can begin to work towards its business plan and generate income from educational visits and events. This will enable the museum to move from a position of working with restrictive funds specifically for the museum’s development to generation of income that can be used as unrestricted funds to support the charity’s operations. The museum opened in April 2022.

Risk Management

The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable the charity to lessen or mitigate those risks.

The year to 31 July 2021 has presented many challenges for the Kent Mining Heritage Foundation, but despite this the KMHF has developed a stronger board of Trustees and has worked hard to ensure that the Governance and Policies of the CIO are more robust. Principal risks include loss of National Lottery Heritage Funding and relations with the new owners of Betteshanger Country Park to ensure the Kent Mining Museum project can be delivered inline with its original vision to enable the ongoing support of its funders.

We are pleased to report that we were successful in our application to NHLF so that risk did not materialise. In addition we have good relationship with the new owners. The principal risks for 2020/21 are:

• Uncertainty due to Covid 19 and

• Escalating building costs due to the shortage of building materials and skills

A Risk Register forms part of the regular Board reporting process and is regularly appraised, reviewed and updated. The purpose of the Risk Register is to help all staff and Trustees identify and manager risks before they occur, rather than dealing with the consequences. Our approach to risk management enables us to fulfil our ambitions and maximise opportunities when they present themselves. The Trustees believe that effective systems and controls are in place to mitigate these risks.

• 3 -

THE KENT MINING HERtfAGE FOUNDATION REPORT OF TRUSTEES ICONTINUEDI FOR THE YEAR ENDEO 31 JUL Y 2021 pla￿ for Futur• P•rfod8 I￿￿ the wor• kno4￿. (fr60Js$w￿ have tskon p&L arKt a Lg8$8 8ThJ Serwce Agreem￿1 ar8 in pLqca the charity wTrll ￿tinue lo appty grants in aCCc￿ce rfs ains arml ￿jeCts and pass those grants cffj to olher tharitsbk b￿leS in acrAxkn( th its grant makiThJ LVU the next ￿ mc¥th Peri￿1. Work has conlinued to briThJ the prriert bad( C￿ Irdth ath z re5ubmisswt of tr arpk'cation to th? Naticmal Lottery Hentage Fund. forJJs on 5trength8Thng Ihe knrd ol Twstees ar￿ ¥r4urt8er5 the scerw on the uJlleCtic￿. The Kent MiTr￿g Heritage F(wndatM was as a CIO (ffi 2 F&￿aY 2016. The gov0m￿9 dcojment was upJatJ C￿ 22 Janwy 2021. TNsto•s S Eloar Ichairnianl Chawnan lapwinted 29 Se0￿h￿r 2020) E Cthvens lapwAnted 27 AJJgusi 20211 SM8n P 28 20221 Soi8 M Quinn J Da￿leS P H81haway 4>Wntm•nt ol Tru•t￿• Trustees mwl w6ist of a m#)imum of 3 Trustees aThJ nol mce th 12 indNkluals. Evwy Tnstee must be aKyointed fLY a 0fth￿ years by a resca11K￿ Passed al a cJJnvened meetmg olthe thaitty Twstees. Tru•t¢es' Trgpon•lbll¢les st•ttsMtrrt The Trustees aty resp￿￿1￿8 fLY the Tntslees, r4YNt and th8 fm8ncvl $tatemwts in acc4xdanc aFWicab18 law and UThted St￿0[d Ilthited IQWn Genernly Accepted Practice). The law appICab￿ to thar￿85 in EThJknd Waks Ihe thwity Tru3lees to fin8Thi81 statements for eath ￿ar gNe a tnje and faw of tha affavB CI ts rjwty atyj of the Inc￿lI￿ng rO￿TC￿ aw)Icathon of re50urc85, 01 the thanty fw Ihat ￿rm￿j. In preparina Ihese finanual statwnerts, Ihe Trustees are req￿ed to.. . 88k8Ct suitable accounting pcth'cies then a￿tyth￿n cL￿s￿lent￿, . (t6eThe the methc#Js aThJ winoapk in the appI￿atrAe Chities SORP. . stste app5¢a￿ UK kn4xwth.ng Standards have folkmd. sut4eL to mtsial dyrturgs di¥clo and ewained In the financ1 Sta￿entS . twre the slatements rm Ihe png (X￿￿1 basis it is to FYe5urne that th8 charity ￿11$ thts fmanual p(￿￿.￿ ol Ihe aThl enable I1￿￿ lo ertsure thai th6 fin￿￿￿ stst8m8nts cx)mpty wilh lh8 Ch8ritse8 Act 2011. Ihe Chaiity IAccA)unts aThJ Rerxjrtsl Re•*ati(ns 21KJ8 and ￿ wovtsions of the tnjst deed. They aye atso r8srKMSib￿ frK saf8guarding the asset5 L4 the and h8FKe for reasonab￿ slrt)s for By (Mer of the Board S Elgar IS{.L>S..I. I

THE KENT MINING HERITAGE FOUNDATION

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 July 2021 which are set out on pages 6 to 13.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• accounting records were not kept in respect of the charity as required by section 130 of the Act; or

• • the accounts do not accord with those records; or

• the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I would draw your attention to the negative unrestricted funds as detailed on the Statement of Financial Activities on page 6. We would also draw your attention to the commentary on page 3 under Reserves Policy. Discussions with the Trustees have been held and it is the intention to return the funds to a positive position once the Museum is fully open. The Museum opened in April 2022. A fundraising programme is currently in place to generate additional funds to assist the Foundation. Our opinion is not qualified in this respect.

Other than the above, I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

……………………………………………………….

M A Wilkes (FCA) For and on behalf of Azets Audit Services 5th Floor Ashford Commercial Quarter 1 Dover Place Ashford Kent TN23 1FB

23 May 2022 Date: …...............................

• 5 -

THE KENT MINING HERITAGE FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES ACCOUNT FOR THE YEAR ENDED 31 JULY 2021

Note Income and endowments Donations 2 Grants 3 Total income Expenditure on: Charitable activities 4 Total expenditure Reconciliation of funds: Fund balances at 1 August 2020 Fund balances at 31 July 2021 Net movement in funds	2021 Unrestricted Restricted Total Funds Funds £ £ £ 1,307 11,630 12,937 - 75,084 75,084 1,307 86,714 88,021 5,303 86,314 91,617 5,303 86,314 91,617 (3,996) 400 (3,596) (15,948) 73,500 57,552 (19,944) 73,900 53,956	2020 Total £ 12,190 (11,500)
		690
		4,938
		4,938
		(4,248) 61,800
		57,552

There are no recognised gains and losses other than those passing through the income and expenditure account. The above amounts all relate to continuing operations of the charity.

• 6 -

THE KENT MINING HERITAGE FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES ACCOUNT FOR THE YEAR ENDED 31 JULY 2021

Comparative information only Note Income and endowments Donations 2 Grants 3 Total income Expenditure on: Charitable activities 4 Total expenditure Transfers between funds Reconciliation of funds: Net income/(expenditure) before transfers Net movement in funds Fund balances at 1 August 2019 Fund balances at 31 July 2020	2020 Unrestricted Restricted Total Funds Funds £ £ £ 12,190 - 12,190 - (11,500) (11,500)
	12,190 (11,500) 690
	4,938 - 4,938
	4,938 - 4,938
	7,252 (11,500) (4,248) (1,260) 1,260 -
	5,992 (10,240) (4,248) (21,940) 83,740 61,800
	(15,948) 73,500 57,552

There are no recognised gains and losses other than those passing through the income and expenditure account. The above amounts all relate to continuing operations of the charity.

• 7 -

THE KENT MINhYG HERtfAGE FOUNDATION FOR THE YEAR ENDED 31 JULY2021 N¢it• 2020 CURREp¥f ASSErs DebtrKs Cash at bank and in hand 10 79,189 51.088 130,277 60.252 60.252 URRENT LIABILMES Cr8ditor8". arnounts falling du8 on8 y NET CURRENT ASSErs 11 (76.321 2,7(KJ 57.552 TOTAL A&8Efs LESS CtIRREKf LIABLrrES 53.956 57.552 FUNDS Restricted furMIs Unrestrtcted fijnds TOTAL CHARiff FUNDS 12 73.5(M) 15,9481 57,552 If 9.9441 53.956 13 S Elgar Trust•B

THE KENT MINING HERITAGE FOUNDATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2021

1.1 Basis of accounting

The Kent Mining Heritage Foundation is a registered charity with the Charity Commission in the United Kingdom. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are to advance the education of the public for the public benefit in the mining heritage of Kent and in old and new forms of energy, in particular green energy, in particular but not exclusively by the establishment and maintenances of a museum on the former colliery site at Betteshanger, Kent; To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability financial hardship or social circumstances with the object of improving their conditions of life.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) issued on 16 July 2014 as amended by Bulletin 1, the Financial Reporting Standard applicable in the United Kingdom (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2 Fund accounting

Unrestricted income funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the charitable objectives. Unrestricted funds include designated funds where the Trustees, at their discretion, have created a fund for a specific purpose.

Restricted funds are funds that can only be used for particular restricted purposes within the objects of the charity. Restriction arises when specified by the donor or when funds are raised for particular restricted purposes.

1.3 Income recognition

All income is included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

• Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

1.4 Expenditure recognition

All expenditure is accounted for on an accruals basis, is inclusive of VAT and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Foundation. Grants are accounted for when either the recipiet has an expectation that they will receive a grant and the trustees have agreed to pay the grant without condition or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside the control of the Foundation.

• 9 -

THE KENT MINING HERITAGE FOUNDATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2021

1 Accounting policies (Continued)

1.5 Support costs allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

1.6 Debtors and creditors receivable / payable within one year

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 expenditure.

1.7 Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

1.8 Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Covid 19 has hampered the remobilisation of the build of the Kent Mining Museum as it was hoped to restart building work in 2020. Within 2021 the Kent Mining Museum, having secured funding from the National Lottery Heritage Fund, will be making steps towards opening a fully operational museum with three staff in place. Once open, the museum can begin to work towards it’s business plan and generate income from educational visits and events. This will enable the museum to move from a position of working with restrictive funds specifically for the museum’s development to generation of income that can be used as unrestricted funds to support the charity’s operations. The Museum opened in April 2022.

1.9 Judgements and key sources of estimation uncertainty

Accounting estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are no significant judgements or accounting estimates.

Unrestricted Funds Restricted Funds £ £ - - 1,307 11,630 1,307 11,630 Donations Gift aid Donations received	Total 2021 Total 2020 £ £ - 12,190 12,937 -
	12,937 12,190

2 Donations

• 10 -

THE KENT MINING HERITAGE FOUNDATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2021

3	Grants receivable
							2021	2020
	Grants from institutions						£	£
	Aylesham & District Community Workshop Trust						2,000	1,000
	Dover District Council’s Covid Community Fund						-	2,500
	Kent County Council						2,000	-
	Kent Sport and Physical Activity Service						6,500	-
	Girdler's Charity						2,900	-
	The Pack Foundation						-	(15,000)
	National Lottery Heritage Fund						61,059	-
	Elvington & Eythorne						625	-
							75,084	(11,500)
4	Expenditure
		Staff	Direct		Support	Grants	Total	Total
		costs	costs		Costs	payable	2021	2020
		£		£	£	£	£	£
	Charitable activities	1,827	6,835		13,188	69,767	91,617	4,938
5	Support costs						2021	2020
							£	£
	Rates and water						723	608
	IT and computer costs						2,848	-
	Website development costs						2,208
	Advertising						106	-
	Insurance						486	-
	Subscriptions and memberships						553	-
	Legal and other professional fees						2,094	900
	Bank Charges						316	302
	Governance costs (see note 7)						3,854	3,002
							13,188	4,812
6	Grants payable						2021	2020
							£	£
	Grants to institutions						69,767	-
	Grants to institutions include the following:						2021	2020
							£	£
	Betteshanger Country Park Ltd						69,767	-
7	Governance costs						2021	2020
							£	£
	Auditors remuneration - underprovision in prior year						-	1,202
	Independent examiner's fees						3,854	1,800
							3,854	3,002
8	Staff costs
	The number of employees during the year was 1		(2020:	1).
	There are no employees with emoluments above		£60,000 (2020:		None).
							2021	2020
							£	£
	Gross wages						1,827	-
							1,827	-

The Trustees consider the Board of Trustees comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day basis. As detailed in note 9, no Trustees received remuneration during the period.

• 11 -

THE KENT MINING HERITAGE FOUNDATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2021

9	Trustees remuneration and reimbursed expenses	Trustees remuneration and reimbursed expenses
	The Trustees have received no remuneration, nor reimbursed		expenses in the year (2020: None).
10	Debtors				2021	2020
					£	£
	Accrued income				79,189	-
11	Creditors: Amounts falling due within one year				2021	2020
					£	£
	Accruals				76,321	2,700
12	Restricted fund balances	At 1 August	Income	Expenditure	Transfer	At 31 July
		2020			between funds	2021
		£	£	£		£
	Fidelity UK	50,000	-	-	-	50,000
	George Hammond PLC	10,000	-	-	-	10,000
	Kent County Council	-	2,000	(2,000)	-	-
	Girdler's Charity	-	2,900	-	-	2,900
	Kent Sport and Physical Activity Service		6,500	(6,500)		-
	Elvington and Eythorne Heritage Centre	-	625	(625)	-	-
	National Lottery Heritage Fund	-	72,689	(72,689)	-	-
	Museum build	10,000	-	-	-	10,000
	Aylesham and District Community	1,000	2,000	(2,000)	-	1,000
	Workshop Trust
	Dover District Council	2,500	-	(2,500)	-	-
		73,500	86,714	(86,314)	-	73,900
		At 1 August			Transfer	At 31 July
		2019	Income	Expenditure	between funds	2020
		£	£	£	£	£
	General Funds	(1,260)	-	-	1,260	-
	Fidelity UK	50,000	-	-	-	50,000
	George Hammond PLC	10,000	-	-	-	10,000
	Museum build	10,000	-	-	-	10,000
	Learning & Engagement Officer	15,000	(15,000)	-	-	-
	Aylesham and District Community	-	1,000	-	-	1,000
	Workshop Trust
	Dover District Council	-	2,500	-	-	2,500
		83,740	(11,500)	-	1,260	73,500
	Fidelity UK	Funding towards	the exhibition	displays within the new museum. This fund is
		expected to be utilised in 2021/22.
	George Hammond PLC	Funding towards the play area. This fund			is expected to be utilised in
		2021/22.
	Kent County Council	Funding towards the purchase of rugby shirts for the KMM volunteering team.
	Girdler's Charity	Funding towards	Kent Mining's strategic learning plan delivery.			This fund is

Funding towards Kent Mining's strategic learning plan delivery. This fund is expected to be utilised in 2021/22.

Kent Sport and Physical Activity Service

Funding towards the facilitation of a number of golf related activities at Bettshanger Country Park.

Elvington and Eyethorne Heritage Centre

Funding towards the plaque for Miners at the National Memorial Aboretum.

Funding towards the buidling of the Kent Mining Museum. Funding from an individual supporter towards creation of the museum.This fund is expected to be utilised in 2021/22.

National Lottery Heritage Fund Museum build

Funding towards museum display cabinets and the purchase of laptops and printers. This fund is expected to be utilised in 2021/22.

Aylesham and District Community Workshop Trust Dover District Council

Funding to provide 200 NHS and Key Workers with a free night of viewing at the cinema events.

• 12 -

THE KENT MINING HERITAGE FOUNDATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2021

13 Analysis of net assets between funds 2021 Current Assets Creditors Less than 1 year 2020 Current Assets Creditors Less than 1 year	Unrestricted Restricted Funds Funds Total £ £ £ (16,090) 146,367 130,277 (3,854) (72,467) (76,321)
	(19,944) 73,900 53,956
	Unrestricted Restricted Funds Funds Total £ £ £ (13,248) 73,500 60,252 (2,700) - (2,700)
	(15,948) 73,500 57,552

14 Related party transactions

J Davies, Trustee, is also a Trustee of Aylesham and District Workshop Trust. During the year, the charity received donations of £2,000 from Aylesham and District Workshop Trust (2020: £1,000).

S Elgar, Trustee, was a Trustee of Elvington and Eythorne Heritage Centre. During the year, the charity received donations of £625 from Elvington and Eythorne Heritage Centre (2020: £0).

M Quinn, Trustee, is a Director of Betteshanger Country Park (BCP). During the year the charity made a grant of £69,767 (2020 £Nil) to BCP. At 31 July 2021 £69,767 was owed to BCP. In addition Betteshanger Country Park Ltd have committed to underwrite the matched funding required as part of the National Lottery Heritage Fund should the charity not be successful in securing the required match funding from other external sources.

M Quinn, Trustee, is a Director of Betteshanger Property Limited. Subsequent to the year end, the charity signed a 21 year lease with Betteshanger Property Limited. The annual rent is a peppercorn, if demanded.

15 Contingent assets

Clore Duffield Foundation

During June 2018, Kent Mining Heritage Foundation was awarded a grant of £150,000 from the Clore Duffield Foundation towards the development of the Clore Learning Space. Of the total grant awarded, £75,000 was paid over in December 2018 relating to costs of completed work. A further £75,000 is receivable once the Clore Learning Space has been completed which is expected to be in the year ended 31 July 2022.

Arts Council England

During January 2019, Kent Mining Heritage Foundation was awarded funding from the Arts Council England for an amount of £12,474 towards the opening event of the Museum. The Museum officially opened during April 2022 and as such, the funding is expected to be received in the year ended 31 July 2022.

16 Post balance sheet event

Following several delays and almost three years after it had originally been hoped to launch, the Kent Mining Museum and visitor centre at Betteshanger Country Park was officially opened with a special ceremony on Saturday 2 April 2022. The museum was opened with the attendance of almost 200 guests, who had all been invited from Kent Mining communities associated with the heritage of the Kent Coalfield.

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