## **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 Agreem1 ar8 in pLqca the
charity wTrll tinue lo appty grants in aCCcce rfs ains arml jeCts and pass those grants cffj to olher
tharitsbk bleS in acrAxkn(* th its grant makiThJ LVU the next mc¥th Peri1. 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 MiTrg Heritage F(wndatM was as a CIO (ffi 2 F&aY 2016. The gov0m9 dcojment was
upJat*J C 22 Janwy 2021.
TNsto•s
S Eloar Ichairnianl
Chawnan lapwinted 29 Se0hr 2020)
E Cthvens lapwAnted 27 AJJgusi 20211
SM8n
P 28 20221
Soi8
M Quinn
J DaleS
P H81haway
4>Wntm•nt ol Tru•t•
Trustees mwl w6ist of a m#)imum of 3 Trustees aThJ nol mc*e 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 resp18 fLY the Tntslees, r4YNt and th8 fm8ncvl $tatemwts in acc4xdanc*
aFWicab18 law and UThted St0[d Ilthited IQWn Genernly Accepted Practice).
The law appICab to thar85 in EThJknd Waks Ihe thwity Tru3lees to fin8Thi81 statements for
eath ar gNe a tnje and faw of tha affavB CI ts rjwty atyj of the InclIng rOTC aw)Icathon
of re50urc85, 01 the thanty fw Ihat rmj.
In preparina Ihese finanual statwnerts, Ihe Trustees are reqed to..
. 88k8Ct suitable accounting pcth'cies then atythn cLslent,
. (t6eThe the methc#Js aThJ winoapk in the appIatrAe Ch*ities SORP.
. stste app5¢a UK kn4xwth.ng Standards have folkmd. sut4eL* to mtsial dyrturgs di¥clo
and ewained In the financ*1 StaentS
. twre the slatements rm Ihe png (X1 basis it is to FYe5urne that th8 charity 11$
thts fmanual p(. ol Ihe aThl enable I1 lo ertsure thai th6 fin stst8m8nts cx)mpty w*ilh 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.
- 13 -