**REGISTERED CHARITY NUMBER: 1165403**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 31st July 2024 for**
## **THE KENT MINING HERITAGE FOUNDATION**
TC Group Office: Croydon - TC SWP 3rd Floor, Suffolk House George Street Croydon CR0 0YN
**THE KENT MINING HERITAGE FOUNDATION**
**Contents of the Financial Statements for the year ended 31st July 2024**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 4|
|**Independent Examiner's Report**|5|
|**Statement of Financial Activities**|6|
|**Balance Sheet**|7|
|**Notes to the Financial Statements**|8 to 16|
## **THE KENT MINING HERITAGE FOUNDATION**
## **Report of the Trustees for the year ended 31st July 2024**
The trustees present their report with the financial statements of the charity for the year ended 31st July 2024. The trustees have adopted the provisions of 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 and Republic of Ireland (FRS 102) (effective 1 January 2019).
The charity also operates under the name The Kent Mining Museum.
## **OBJECTIVES AND ACTIVITIES**
## **Policies and objectives**
The objects of the charity are:
1. 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.
2. To provide or assist in the provision of facilities in the interest 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.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **Strategies for achieving objectives**
The principal strategy for achieving the charities aims and objectives are through the operation of the Kent Mining Museum and the supporting Learning and Engagement activity which is agreed (and monitored) by the National Lottery Heritage Fund.
## **Activities undertaken to achieve objectives**
The activities are detailed in our Learning and Engagement Plan.
## **Grant-making policies**
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 charity's objects. Applications will be considered from other organisations or partners which will aim to further the objects of the charity through the Museum or the wider Park, or beyond if appropriate. Where the charity has been the recipient of capital and / or revenue funding, the charity's funds will be gifted to the appropriate recipient body (to be agreed by the charity's Trustees) and spent in accordance with the agreements and criteria set out by the funder.
The Trustees expect that grants will normal 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 sustain 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.
## **Volunteers**
The charity recruits volunteers who form a key part of our organisation and assist in the running of the Museum as well as the education and outreach work. They are mainly recruited from ex-miners but we encourage recruitment from people from other walks of life.
Page 1
## **THE KENT MINING HERITAGE FOUNDATION**
## **Report of the Trustees for the year ended 31st July 2024**
## **Main activities undertaken to further the charity's purposes for the public benefit**
The main activities undertaken to further our charities purpose for the benefit of the public are:
- Making the museum accessible to the public as often as is practicable.
- Delivering the Learning and Engagement activity.
- Maintaining and curating the museum's collection.
- Organising and delivering events relevant to the museum.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
In the period August 2023 to July 2024 we welcomed 14,334 visitors, 612 educational visitors and 453 people in groups.
During this period we have:
- Retained a professional team engaged in managing and curating the museum and delivering high quality education and outreach work, despite experiencing major staff changes.
-
-
- Hired Development Managers.
- Recruited and retained volunteers for Front of House, Archive and Learning and Engagements roles.
- Continued collecting objects into the KMM archives according to Collections Development Policy and began successfully clearing more of the backlog.
- Exhibitions:
- In late summer 2023, the Community Curator put up the exhibition "Bombs, Bravery and Bevin Boys: Pits During Wartime".
- That autumn, KMM Intern Tyler produced the mini exhibition on Pit Roles which helped explain different roles within a colliery and brought out tools, documents and other items not normally out on display in the museum.
- In October 2023, the "Living Seams" project and exhibition held a week long display and final event - the project's details, interviews and other materials have been entrusted to the care of the KMM.
- January 2024 saw the Mines Rescue Service exhibition, which remained up until October 2024.
- During March and April 2024 there was a guest exhibition by the Dead Hoarse Poets using miner recollections.
- April 2024 saw the guest exhibition by Linden West "Radical Dissent: The Kent Miners' and Workers' Education, 1920-1985" which ran to October 2024.
- The exhibition "The Fight, The Struggle, The Legacy: Strikes and the Kent Coalfield" was prepared in this period and officially put up in November 2024.
- Projects/Events:
- August 2023 saw the Kent Miners' Festival take place in the Amphitheatre of Betteshanger Park.
- Autumn 2023 saw the Oral Histories - Intergenerational Project, where Lidia completed a 2-stage project which worked with local Cubs and Scouts to interview Kent miners. Those interviews are now in the KMM archives.
- In March 2024, the KMM was interviewed by BBC in honour of the 40th Anniversary of the start of the 8485 strike; KMM was part of a whole day radio event led by Radio Kent.
- On 8 March 2024, the KMM was visited by the HRH Duke of Gloucester, Prince Richard.
- May 2024 saw the Betteshanger 100 Event (organised by our Outreach Learning & Engagement Officer), celebrating 100th Anniversary of Betteshanger Colliery opening.
- In Summer 2024, Stacy completed a CRT funded intergenerational project called "Coal Communities", based on the banner project which ran in 2017. The project included Expression Arts, Elvington and Eythorne Primary (Y1&2) and the Old Vicarage retirement home.The outcome - ceramic artwork which was displayed in the museum. The artwork comprises 81 ceramic tiles - each 15cm x 15cm - combining to make a display measuring 135cm x 135cm. This is currently in the KMM archives.
- In this time, a music theatre show called "Green Woman" was created and produced by Anna Braithwaite which explores themes of nature, female power, Kentish folk music, ritual and village life. The KMM archives were used as a stimulus.
Page 2
## **THE KENT MINING HERITAGE FOUNDATION**
## **Report of the Trustees for the year ended 31st July 2024**
## **FINANCIAL REVIEW**
## **Financial position**
Income for the year ended 31 July 2024 amounted to £144,036 (2023 - £125,416). Expenditure totalled £129,363 (2023 - £143,439). This resulted in an overall surplus for the year of £14,673 (2023 - deficit of £18,023) and total nets funds as at 31 July 2024 of £68,119 (2023 - £53,446).
## **Principal funding sources**
The Charities principal funding is from:
- Grant income which we seek to cover general expenditure and specific projects.
- Income from school and group visits.
- Visitor donations.
## **Reserves policy**
In accordance with the Charity Commission Guidance the Trustees review on a regular basis the level of income they consider appropriate. The Trustees consider it appropriate to aim to hold reserves equivalent to six months general expenditure not covered by the National Lottery Heritage Fund.
At the end of the reporting period unrestricted reserves stood at £66,119 (2023 - £51,196). Restricted funds, which are not available for general purposes of the charity, were £2,000 at the year end (2023 - £2,250).
## **Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. This is based on the continuation of the National Lottery Heritage Grant and the development of a new business plan. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **Principal risks and uncertainties**
The principal risks and uncertainties facing the charity are the same as those facing other similar organisations, specifically inflationary costs including energy costs impacting on our operational activities. Alongside that we also have the impact on people's disposable income which could reduce numbers visiting the park. There is also the ongoing relationship with Betteshanger Park whose support we are grateful for.
## **Financial risk management objectives and policies**
At their quarterly meetings the board of Trustees review their Financial Risk Register ensuring that as far as possible the risks are mitigated.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Charity constitution**
The Kent Mining Heritage Foundation is a registered charity, number 1165403, and is constituted under a Trust deed.
## **Recruitment and appointment of new trustees**
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. Trustees are appointed to cover the skill sets needed by the charity e.g Finance, Marketing and Education.
## **Organisational structure and decision making policies**
The board appoint a Chairman and a Vice Chairman. The board also appoints a Finance Committee. Board meetings are held quarterly, or more often if necessary. The Finance Committee communicate every other month.
Page 3
**THE KENT MINING HERITAGE FOUNDATION**
## **Report of the Trustees for the year ended 31st July 2024**
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1165403
**Principal address** Kent Mining Museum Betteshanger Country Park Sandwich Road, Sholden Deal Kent CT14 0BF
## **Trustees**
N McCollum - Chair Ms D Law Ms E Cowens Ms M Chapman P Hathaway S Manion M Quinn S O'Leary (resigned 1.7.24) J Crews J I Davies
## **Independent Examiner**
TC Group Office: Croydon - TC SWP 3rd Floor, Suffolk House George Street Croydon CR0 0YN
Approved by order of the board of trustees on 28[th] May 2025 and signed on its behalf by:
........................................................................ N McCollum – Chair of Trustees
Page 4
## **Independent Examiner's Report to the Trustees of The Kent Mining Heritage Foundation**
## **Independent examiner's report to the trustees of The Kent Mining Heritage Foundation**
I report to the charity trustees on my examination of the accounts of The Kent Mining Heritage Foundation (the Trust) for the year ended 31st July 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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 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.
Patrick duCassé
TC Group Office: Croydon - TC SWP 3rd Floor, Suffolk House George Street Croydon CR0 0YN
28/05/2025 Date: .............................................
Page 5
## **THE KENT MINING HERITAGE FOUNDATION**
## **Statement of Financial Activities for the year ended 31st July 2024**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
41,842
**Charitable activities**
4
Charitable events
10,239
Other trading activities
3
7,235
**Total**
59,316
**EXPENDITURE ON**
Raising funds
5
1,554
**Charitable activities**
6
Charitable events
49,189
**Total**
50,743
**NET INCOME/(EXPENDITURE)**
8,573
**Transfers between funds**
15
6,350
**Net movement in funds**
14,923
**RECONCILIATION OF FUNDS**
Total funds brought forward
51,196
**TOTAL FUNDS CARRIED FORWARD**
66,119|Restricted
funds
£
84,720
-
-
84,720
1,815
76,805
78,620
6,100
(6,350)
(250)
2,250
2,000|31.7.24
Total
funds
£
126,562
10,239
7,235
144,036
3,369
125,994
129,363
14,673
-
14,673
53,446
68,119|31.7.23
Total
funds
£
102,527
11,826
11,063
125,416
2,299
141,140
143,439
(18,023)
-
(18,023)
71,469
53,446|
|---|---|---|---|
The notes form part of these financial statements
Page 6
## **THE KENT MINING HERITAGE FOUNDATION**
## **Balance Sheet 31st July 2024**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
11
7,291
**CURRENT ASSETS**
Stocks
12
500
Debtors
13
61,330
Cash at bank
38,738
100,568
**CREDITORS**
Amounts falling due within one year
14
(41,740)
**NET CURRENT ASSETS**
58,828
**TOTAL ASSETS LESS CURRENT LIABILITIES**
66,119
**NET ASSETS**
66,119
**FUNDS**
15
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
-
-
2,000
2,000
-
2,000
2,000
2,000|31.7.24
Total
funds
£
7,291
500
61,330
40,738
102,568
(41,740)
60,828
68,119
68,119
66,119
2,000
68,119|31.7.23
Total
funds
£
10,937
500
36,248
19,221
55,969
(13,460)
42,509
53,446
53,446
51,196
2,250
53,446|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 28[th] May 2025 and were signed on its behalf by:
.............................................
N McCollum – Chair of Trustees
The notes form part of these financial statements
Page 7
**THE KENT MINING HERITAGE FOUNDATION**
**Notes to the Financial Statements for the year ended 31st July 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The financial statements are stated in pounds sterling and rounded to the nearest pound.
The Kent Mining Heritage Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **Legal status of the charity**
The Kent Mining Heritage Foundation is a Charitable Incorporated Organisation registered with the Charity Commission in England and Wales under registration number 1165403.
## **Going concern**
The Trustees have reviewed the charity's cashflow forecasts and projections and in particular have considered the commitments to future funding through to 31 March 2026 from the National Lottery Heritage Fund. They have concluded that the charity will have sufficient resources to continue in operation for the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Where income has related expenditure (as with fundraising or contract income), the income and related expenditure are reported gross in the Statement of Financial Activities.
Donations, grants and gifts are recognised when receivable. In the event that a donation is subject to fulfilling performance conditions before the charity is entitled to the funds, the income is deferred and not recognised until it is probable that those conditions will be fulfilled in the reporting period.
Income received in advance for a future fundraising event or for a grant received relating to the following year are deferred until the criteria for income recognition are met.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
continued...
Page 8
**THE KENT MINING HERITAGE FOUNDATION**
## **Notes to the Financial Statements - continued for the year ended 31st July 2024**
## **1. ACCOUNTING POLICIES - continued**
## **Expenditure**
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
## **Tangible fixed assets**
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Furniture, fittings and equipment - 20%
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
## **Stocks**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slowmoving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
## **Creditors**
Creditors are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Creditors are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 9
**THE KENT MINING HERITAGE FOUNDATION**
## **Notes to the Financial Statements - continued for the year ended 31st July 2024**
## **1. ACCOUNTING POLICIES - continued**
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income is included at the best estimate of the amounts receivable at the balance sheet date.
## **Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2. DONATIONS AND LEGACIES**
## **3.**
|Unrestricted funds
2024
£
Donations
6,843
Grants
35,000
41,843
**Grants**
Kent Community Foundation
Arts Council England
Royal Pavilion
National Lottery Heritage Fund
Dover District Council
Garfield Weston
RG Hills Charitable Trust
**OTHER TRADING ACTIVITIES**
Shop income|Restricted
funds
2024
£
6,101
78,618
84,719|Total
funds
2024
£
12,944
113,618
126,562
2024
£
-
-
-
78,618
-
33,000
2,000
113,618
31.7.24
£
7,235|Total
funds
2023
£
24,635
77,892
102,527
2023
£
5,250
10,006
3,000
56,696
2,940
-
-
77,892
31.7.23
£
11,063|
|---|---|---|---|
continued...
Page 10
## **THE KENT MINING HERITAGE FOUNDATION**
## **Notes to the Financial Statements - continued**
**for the year ended 31st July 2024**
## **4. INCOME FROM CHARITABLE ACTIVITIES**
|Event income and fees
**5.**
**RAISING FUNDS**
Unrestricted funds
2024
£
Shop merchandise purchases
1,554
1,554
**6.**
**CHARITABLE ACTIVITIES COSTS**
Charitable events
**Direct costs**
Unrestricted funds
2024
£
Wages
7,003
Social security
662
Pensions
1,102
Rent and utilities
11,058
Light and heat
-
Advertising and marketing
2,794
Sundries
-
Museum materials and consumables
1,379
Contribution to construction costs of museum
and facilities
2,927
Cleaning
1,340
Event costs
9,499
IT and computer costs
1,273
Repairs and maintenance
1,186
Subscriptions and memberships
291
Fixtures and fittings depreciation
3,646
44,160|
Restricted
funds
2024
£
1,815
1,815
Direct
Costs
£
120,526
Restricted
funds
2024
£
55,153
-
-
5,592
-
2,351
-
2,341
2,568
2,444
3,839
791
1,085
202
-
76,366|
Restricted
funds
2024
£
1,815
1,815
Direct
Costs
£
120,526
Restricted
funds
2024
£
55,153
-
-
5,592
-
2,351
-
2,341
2,568
2,444
3,839
791
1,085
202
-
76,366||31.7.24
Charitable
events
£
10,239
Total
funds
2024
£
3,369
3,369
Support
costs (see
note 7)
£
5,468
Total
funds
2024
£
62,156
662
1,102
16,650
-
5,145
-
3,720
5,495
3,784
13,338
2,064
2,271
493
3,646
120,526||31.7.23
Total
activities
£
11,826
Total
funds
2023
£
2,299
2,299
Totals
£
125,994
Total
funds
2023
£
78,114
2,097
1,563
38
8,462
19,875
670
8,835
(13,364)
1,570
18,411
1,020
1,170
377
3,646
141,140|
|---|---|---|---|---|---|---|
||||||||
||||||||
||||||||
continued...
Page 11
## **THE KENT MINING HERITAGE FOUNDATION**
## **Notes to the Financial Statements - continued for the year ended 31st July 2024**
## **7. SUPPORT COSTS**
|Charitable events
Support costs, included in the above, are as follows:
31.7.24
Unrestricted funds
£
Bank charges
571
Accountancy and legal fees
618
Independent examiner's fee
3,840
5,029|Finance
Governance
costs
£
£
571
4,897
31.7.24
31.7.24
Restricted
funds
Charitable
events
£
£
-
571
439
1,057
-
3,840
439
5,468|Totals
£
5,468
31.7.23
Total
activities
£
238
4,458
3,960|Totals
£
5,468|
|---|---|---|---|
|||8,656||
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31st July 2024 nor for the year ended 31st July 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31st July 2024 nor for the year ended 31st July 2023.
## **9. STAFF COSTS**
|**STAFF COSTS**|||
|---|---|---|
||31.7.24|31.7.23|
||£|£|
|Wages and salaries|62,156|78,114|
|Social security costs|662|2,097|
|Other pension costs|1,102|1,563|
||63,920|81,774|
|The average monthly number of employees during the year was as follows:|||
||31.7.24|31.7.23|
|Employees|4|4|
No employees received emoluments in excess of £60,000.
continued...
Page 12
## **THE KENT MINING HERITAGE FOUNDATION**
**Notes to the Financial Statements - continued for the year ended 31st July 2024**
|**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
43,581
**Charitable activities**
Charitable events
11,826
Other trading activities
11,063
**Total**
66,470
**EXPENDITURE ON**
Raising funds
2,299
**Charitable activities**
Charitable events
37,956
**Total**
40,255
**NET INCOME/(EXPENDITURE)**
26,215
**RECONCILIATION OF FUNDS**
Total funds brought forward
24,981
**TOTAL FUNDS CARRIED FORWARD**
51,196
**11.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1st August 2023 and 31st July 2024
**DEPRECIATION**
At 1st August 2023
Charge for year
At 31st July 2024
**NET BOOK VALUE**
At 31st July 2024
At 31st July 2023|Restricted
funds
£
58,946
-
-
58,946
-
103,184
103,184
(44,238)
46,488
2,250|Total
funds
£
102,527
11,826
11,063
125,416
2,299
141,140
143,439
(18,023)
71,469
53,446
Fixtures
and
fittings
£
18,229
7,292
3,646
10,938
7,291
10,937|
|---|---|---|
continued...
Page 13
## **THE KENT MINING HERITAGE FOUNDATION**
## **Notes to the Financial Statements - continued**
**for the year ended 31st July 2024**
|**12.**
**STOCKS**
Shop merchandise
**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments and accrued income
**14.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Other creditors
**Deferred income reconciliation**
Balance brought forward
Amount released to the Statement of Financial Activities
Amount deferred in the year
Balance carried forward
**15.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.8.23
in funds
£
£
**Unrestricted funds**
General fund
51,196
8,573
**Restricted funds**
Solar Panels Fund
2,250
6,100
**TOTAL FUNDS**
53,446
14,673|31.7.24
£
500
31.7.24
£
61,330
31.7.24
£
797
40,943
41,740
31.7.24
£
3,000
(3,000)
33,000
33,000
Transfers
between
funds
£
6,350
(6,350)
-|31.7.23
£
500
31.7.23
£
36,248
31.7.23
£
-
13,460
13,460
31.7.23
£
-
-
3,000
3,000
At
31.7.24
£
66,119
2,000
68,119|31.7.23
£
500
31.7.23
£
36,248
31.7.23
£
-
13,460
13,460
31.7.23
£
-
-
3,000
3,000
At
31.7.24
£
66,119
2,000
68,119|
|---|---|---|---|
||||68,119|
continued...
Page 14
## **THE KENT MINING HERITAGE FOUNDATION**
## **Notes to the Financial Statements - continued for the year ended 31st July 2024**
## **15. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
National Lottery Heritage Fund
Solar Panels Fund
**TOTAL FUNDS**|Incoming
resources
£
59,316
78,620
6,100
84,720
144,036|Resources
Movement
expended
in funds
£
£
(50,743)
8,573
(78,620)
-
-
6,100
(78,620)
6,100
(129,363)
14,673|
|---|---|---|
## **Comparatives for movement in funds**
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.8.22|in funds|31.7.23|
||£|£|£|
|**Unrestricted funds**||||
|General fund|24,981|26,215|51,196|
|**Restricted funds**||||
|National Lottery Heritage Fund|12,423|(12,423)|-|
|Solar Panels Fund|-|2,250|2,250|
|Fidelity UK Fund|31,905|(31,905)|-|
|Aylesham and District Community||||
|Workshop Trust|800|(800)|-|
|IT Equipment Fund|1,360|(1,360)|-|
||46,488|(44,238)|2,250|
|**TOTAL FUNDS**|71,469|(18,023)|53,446|
continued...
Page 15
**THE KENT MINING HERITAGE FOUNDATION**
## **Notes to the Financial Statements - continued for the year ended 31st July 2024**
## **15. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
National Lottery Heritage Fund
Solar Panels Fund
Fidelity UK Fund
Aylesham and District Community
Workshop Trust
IT Equipment Fund
**TOTAL FUNDS**|Incoming
resources
£
66,470
56,696
2,250
-
-
-
58,946
125,416|Resources
Movement
expended
in funds
£
£
(40,255)
26,215
(69,119)
(12,423)
-
2,250
(31,905)
(31,905)
(800)
(800)
(1,360)
(1,360)
(103,184)
(44,238)
(143,439)
(18,023)|
|---|---|---|
The Fidelity UK Fund represents funding towards the exhibition displays within the museum.
The Aylesham and District Community Workshop Trust represents funding towards museum display cabinets and the purchase of laptops and printers.
The National Lottery Heritage Fund represents funding towards the building and operation of the Kent Mining Museum.
The IT Equipment Fund represents funding for new IT equipment.
The Solar Panels Fund represents funding for new solar panels.
## **Transfers between funds**
The Solar Panel project was cancelled within the year. As agreed with the grantors, £6,350 has been transferred to the general fund and re-purposed for other use.
## **16. RELATED PARTY DISCLOSURES**
In the prior year, the charity signed a 21 year lease with Bettershanger Property Limited, M Quinn, trustee, is a director of this company. The annual rent is peppercorn, if demanded.
During the year, the charity contributed £11,100 for service charges to Quinn Estates Fowlmead Limited, M Quinn, trustee, is a director of this company.
M Chapman, trustee is a director of Pillory Barn Design Limited. During the year the charity made payments of £2,735 (2023 - £17,682) to Pillory Barn Design Limited in relation to marketing services.
Page 16