REGISTERED CHARITY NUMBER: 1165403
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31st July 2025
for
THE KENT MINING HERITAGE FOUNDATION
TC Group 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 2025
| 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 |
| Detailed Statement of Financial Activities | 17 to 18 |
THE KENT MINING HERITAGE FOUNDATION
Report of the Trustees for the year ended 31st July 2025
The trustees present their report with the financial statements of the charity for the year ended 31st July 2025. 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:
-
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 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 2025
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:
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Making the museum accessible to the public as often as is practicable.
-
Delivering the Learning and Engagement activity.
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Maintaining and curating the museum's collection.
-
Organising and delivering events relevant to the museum.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
In the period August 2024 to July 2025 we welcomed 9,505 visitors, 733 educational visitors and 190 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.
-
Retained a professional development team for this period.
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Engaged with fundraising consultants and developed a fundraising strategy for the museum.
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Secured a time extension to our NLHF funding.
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Recruited and retained volunteers for Front of House, Archive and Learning & Engagements roles.
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Continued collecting objects into the KMM archives according to Collections Development Policy and began successfully clearing more of the backlog.
Exhibitions and activities:
-
Guest exhibition by Linden West "Radical Dissent: The Kent Miners' and Workers' Education, 1920-1985" ran through October 2024.
-
KMM Exhibition "The Fight, The Struggle, The Legacy: Strikes and the Kent Coalfield" which ran from November 2024 to July 2025.
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Guest artist exhibition - Kevan Thompson "The Past is Gone, But It Is Not Lost" up from April - July 2025.
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KMM Temporary Exhibition "From Pit to Picture: A Collection of Art From Beneath and Beyond the Kent Coalfield" which ran from July 2025 - January 2026.
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All the while having object of the month displays, Family Connections displays, etc.
-
Throughout early months of 2025, KMM worked with Artswork (Dover), artists Sam Giles and Jack Cant, and Goodwin Academy to create the mural that is now standing behind the coal carts on the roundabout in the park - unveiled March 2025.
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March 2025, KMM interviewed again by BBC and Radio Kent in commemoration of the end of the 1984-85 Strike.
-
Held a Music at the Museum event in July 2025 - Invicta Concert band and Faversham Musical Theatre Choir.
-
In July we also launched our Heritage Trail in the park - The Colliers' Way. The trail has three different length loops with 13 engaging panels with information about the Kent Coalfield from the prehistoric "Coal Age" to the present day legacies.
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In July the KMM was present at the Kent County Show (4-6 July).
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We prepared for the Kent Miners' Festival which took place in August 2025.
FINANCIAL REVIEW
Financial position
Income for the year ended 31 July 2025 amounted to £191,808 (2024 - £144,036). Expenditure totalled £143,835 (2024 - £129,363). This resulted in an overall surplus for the year of £47,973 (2024 - £14,673) and total nets funds as at 31 July 2025 of £116,092 (2024 - £68,119).
Page 2
THE KENT MINING HERITAGE FOUNDATION
Report of the Trustees for the year ended 31st July 2025
FINANCIAL REVIEW
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 reserves they consider appropriate. The Trustees consider it appropriate to aim to hold reserves equivalent to six months general expenditure.
At the end of the reporting period unrestricted reserves stood at £106,809 (2024 - £66,119). Restricted funds, which are not available for general purposes of the charity, were £9,283 at the year end (2024- £2,000).
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.Trustees are appointed for a three-year term and may serve up to three consecutive terms.
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 communicates on a monthly basis.
Page 3
THE KENT MINING HERITAGE FOUNDATION
Report of the Trustees for the year ended 31st July 2025
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 (resigned 31.12.24) J Crews J I Davies H Evans (appointed 1.1.25) C Varrall
Independent Examiner
TC Group 3rd Floor, Suffolk House George Street Croydon CR0 0YN
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ N McCollum - Trustee
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 2025.
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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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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 3rd Floor, Suffolk House George Street Croydon CR0 0YN
Date: .............................................
Page 5
THE KENT MINING HERITAGE FOUNDATION
Statement of Financial Activities for the year ended 31st July 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 47,939 Charitable activities 4 Charitable events 8,252 Other trading activities 3 9,546 Total 65,737 EXPENDITURE ON Raising funds 5 284 Charitable activities 6 Charitable events 24,763 Total 25,047 NET INCOME 40,690 RECONCILIATION OF FUNDS Total funds brought forward 66,119 TOTAL FUNDS CARRIED FORWARD 106,809 |
Restricted funds £ 126,071 - - 126,071 (1,633) 120,421 118,788 7,283 2,000 9,283 |
31.7.25 Total funds £ 174,010 8,252 9,546 191,808 (1,349) 145,184 143,835 47,973 68,119 116,092 |
31.7.24 Total funds £ 126,562 10,239 7,235 144,036 3,369 125,994 129,363 14,673 53,446 68,119 |
|---|---|---|---|
The notes form part of these financial statements
Page 6
THE KENT MINING HERITAGE FOUNDATION
Balance Sheet 31st July 2025
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 11 4,241 CURRENT ASSETS Stocks 12 935 Debtors 13 889 Cash at bank 103,156 104,980 CREDITORS Amounts falling due within one year 14 (2,412) NET CURRENT ASSETS 102,568 TOTAL ASSETS LESS CURRENT LIABILITIES 106,809 NET ASSETS 106,809 FUNDS 15 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 1,232 4,909 26,466 (11,858) 19,517 (11,466) 8,051 9,283 9,283 |
31.7.25 Total funds £ 5,473 5,844 27,355 91,298 124,497 (13,878) 110,619 116,092 116,092 106,809 9,283 116,092 |
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 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. N McCollum - Trustee
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 2025
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 2025
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% Computer 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 slow-moving 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...
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THE KENT MINING HERITAGE FOUNDATION
Notes to the Financial Statements - continued for the year ended 31st July 2025
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
| Unrestricted funds 2025 £ Donations 14,940 Grants 33,000 47,940 Grants National Lottery Heritage Fund Garfield Weston RG Hills Charitable Trust 3. OTHER TRADING ACTIVITIES Shop income |
Unrestricted funds 2025 £ Donations 14,940 Grants 33,000 47,940 Grants National Lottery Heritage Fund Garfield Weston RG Hills Charitable Trust 3. OTHER TRADING ACTIVITIES Shop income |
Restricted funds |
Total funds |
Total funds |
|---|---|---|---|---|
| 2025 £ 14,940 33,000 47,940 |
2025 £ (2,000) 128,070 126,070 |
2025 £ 12,940 161,070 174,010 |
2024 £ 12,944 113,618 106,562 |
|
| 2025 | 2024 | |||
| £ 128,070 33,000 - 161,070 |
£ 78,618 33,000 2,000 113,618 |
|||
| 31.7.25 £ 9,546 |
31.7.24 £ 7,235 |
continued...
Page 10
THE KENT MINING HERITAGE FOUNDATION
Notes to the Financial Statements - continued for the year ended 31st July 2025
4. INCOME FROM CHARITABLE ACTIVITIES
| INCOME FROM CHARITABLE ACTIVITIES | INCOME FROM CHARITABLE ACTIVITIES | ||||
|---|---|---|---|---|---|
| Event income and fees RAISING FUNDS |
31.7.25 Charitable events £ 8,252 |
31.7.24 Total activities £ 10,239 |
|||
| Unrestricted funds | Restricted funds |
Total funds |
Total funds |
||
| 2025 | 2025 | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Shop merchandise purchases | 284 | (1,633 ) | (1,349) | 3,369 | |
| 284 | (1,633 ) | (1,349) | 3,369 | ||
5. RAISING FUNDS
The above amount includes a correction to the stock value.
6. CHARITABLE ACTIVITIES COSTS
| CHARITABLE ACTIVITIES COSTS | |||||
|---|---|---|---|---|---|
| Charitable events Direct costs |
Direct Costs £ 139,511 |
Support costs (see note 7) £ 5,673 |
Totals £ 145,184 |
||
| Unrestricted funds 2025 £ Wages 6,220 Social security - Pensions 1,082 Rent and utilities 972 Insurance 275 Advertising and marketing 7,008 Museum materials and consumables 450 Contribution to construction costs of museum - and facilities Cleaning 1,079 Event costs 903 Consultancy 5,931 IT and computer costs 803 Repairs and maintenance 291 Subscriptions and memberships 259 Fixtures and fittings depreciation 3,657 Computer equipment depreciation 82 29,012 |
Restricted funds 2025 £ 42,324 - - 13,830 1,022 7,218 7,081 - 2,482 8,737 24,468 1,855 1,314 66 54 48 110,499 |
Total funds 2025 £ 48,544 - 1,082 14,802 1,297 14,226 7,531 - 3,561 9,640 30,399 2,658 1,605 325 3,711 130 139,511 |
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 |
continued...
Page 11
THE KENT MINING HERITAGE FOUNDATION
Notes to the Financial Statements - continued for the year ended 31st July 2025
7. SUPPORT COSTS
----- Start of picture text -----
Finance Governance costs Totals
£ £ £
Charitable events 500 5,173 5,673
Support costs, included in the above, are as follows:
31.7.25 31.7.25 31.7.25 31.7.24
Restricted Charitable Total
Unrestricted funds funds events activities
£ £ £ £
Bank charges 500 - 500 571
Accountancy and legal fees 323 590 913 1,057
Independent examiner's fee (5,072) 9,332 4,260 3,840
(4,249) 9,922 5,673 5,468
----- End of picture text -----
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st July 2025 nor for the year ended 31st July 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st July 2025 nor for the year ended 31st July 2024.
9. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
31.7.25 31.7.24 £ £ 48,544 62,156 - 662 1,082 1,102 |
|---|---|
| 49,626 63,920 |
|
| The average monthly number of employees during the year was as follows: Employees |
31.7.25 31.7.24 4 4 |
No employees received emoluments in excess of £60,000.
continued...
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THE KENT MINING HERITAGE FOUNDATION
Notes to the Financial Statements - continued for the year ended 31st July 2025
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 41,842 Charitable activities Charitable events 10,239 Other trading activities 7,235 Total 59,316 EXPENDITURE ON Raising funds 1,554 Charitable activities Charitable events 49,189 Total 50,743 NET INCOME 8,573 Transfers between funds 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 |
Total funds £ 126,562 10,239 7,235 144,036 3,369 125,994 129,363 14,673 - 14,673 53,446 68,119 |
|---|---|---|
continued...
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THE KENT MINING HERITAGE FOUNDATION
Notes to the Financial Statements - continued for the year ended 31st July 2025
11. TANGIBLE FIXED ASSETS
| COST At 1st August 2024 Additions At 31st July 2025 DEPRECIATION At 1st August 2024 Charge for year At 31st July 2025 NET BOOK VALUE At 31st July 2025 At 31st July 2024 12. STOCKS Shop merchandise 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments and accrued income |
Fixtures and Computer fittings equipment Totals £ £ £ 18,229 - 18,229 898 1,125 2,023 19,127 1,125 20,252 10,938 - 10,938 3,711 130 3,841 14,649 130 14,779 4,478 995 5,473 7,291 - 7,291 31.7.25 31.7.24 £ £ 5,844 500 31.7.25 31.7.24 £ £ 7,349 - 20,006 61,330 27,355 61,330 |
|---|---|
continued...
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THE KENT MINING HERITAGE FOUNDATION
Notes to the Financial Statements - continued for the year ended 31st July 2025
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
15.
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
|---|---|---|---|---|
| Trade creditors Other creditors Deferred income reconciliation |
31.7.25 £ 9,700 4,178 13,878 |
31.7.24 £ 797 40,943 41,740 |
||
| Balance brought forward Amount released to the Statement of Financial Activities Amount deferred in the year Balance carried forward |
31.7.25 £ 33,000 (33,000) - - |
31.7.24 £ 3,000 (3,000) 33,000 33,000 |
||
| MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds National Lottery Heritage Fund Solar Panels Fund TOTAL FUNDS 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 |
At 1.8.24 £ 66,119 - 2,000 2,000 68,119 Incoming resources £ 65,737 128,071 (2,000) 126,071 191,808 |
Net movement in funds £ 40,690 9,283 (2,000) 7,283 47,973 Resources expended £ (25,047) (118,788) - (118,788) (143,835) |
At 31.7.25 £ 106,809 9,283 - 9,283 116,092 Movement in funds £ 40,690 9,283 (2,000) 7,283 47,973 |
continued...
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THE KENT MINING HERITAGE FOUNDATION
Notes to the Financial Statements - continued for the year ended 31st July 2025
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1.8.23 | in funds | funds | 31.7.24 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 51,196 | 8,573 | 6,350 | 66,119 |
| Restricted funds | ||||
| Solar Panels Fund | 2,250 | 6,100 | (6,350) | 2,000 |
| TOTAL FUNDS | 53,446 | 14,673 | - | 68,119 |
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 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 |
|---|---|---|
The National Lottery Heritage Fund represents funding towards the building and operation of the Kent Mining Museum.
The Solar Panels Fund represents funding for new solar panels. This project was cancelled in 2024.
16. RELATED PARTY DISCLOSURES
In 2023, the charity signed a 21 year lease with Betteshanger Property Limited, M Quinn, now a former trustee, is a director of this company. The annual rent is peppercorn, if demanded.
During the year, the charity contributed £13,320 (2024 - £11,100) for service charges to Quinn Estates Fowlmead Limited, M Quinn, now a former 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 £1,080 (2024 - £2,735) to Pillory Barn Design Limited in relation to marketing services.
Page 16
THE KENT MINING HERITAGE FOUNDATION
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the year ended 31st July 2025 | ||
| 31.7.25 | 31.7.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 12,938 | 12,944 |
| Grants | 161,072 | 113,618 |
| Other trading activities | 174,010 | 126,562 |
| Shop income | 9,546 | 7,235 |
| Charitable activities | ||
| Event income and fees | 8,252 | 10,239 |
| Total incoming resources | 191,808 | 144,036 |
| EXPENDITURE | ||
| Other trading activities | ||
| Opening stock | 500 | 500 |
| Shop merchandise purchases | 3,995 | 3,369 |
| Closing stock | (5,844) | (500) |
| Charitable activities | (1,349) | 3,369 |
| Wages | 48,544 | 62,156 |
| Social security | - | 662 |
| Pensions | 1,082 | 1,102 |
| Rents and utilities | 14,802 | 16,650 |
| Advertising and marketing | 14,226 | 5,145 |
| Museum materials and consumables | 7,531 | 3,720 |
| Contribution to construction costs of museum | ||
| and facilities | - | 5,495 |
| Cleaning | 3,561 | 3,784 |
| Event costs | 9,640 | 13,338 |
| IT and computer costs | 2,658 | 2,064 |
| Repairs and maintenance | 1,605 | 2,271 |
| Subscriptions and memberships | 325 | 493 |
| Consultancy | 30,399 | - |
| Insurance | 1,297 | - |
| Fixtures and fittings | 3,711 | 3,646 |
| Computer equipment | 130 | - |
| 139,511 | 120,526 |
Support costs
This page does not form part of the statutory financial statements
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THE KENT MINING HERITAGE FOUNDATION
Detailed Statement of Financial Activities for the year ended 31st July 2025
| 31.7.25 | 31.7.24 | |
|---|---|---|
| £ | £ | |
| Support costs | ||
| Finance | ||
| Bank charges | 500 | 571 |
| Governance costs | ||
| Accountancy and legal fees | 913 | 1,057 |
| Independent examiner's fee | 4,260 | 3,840 |
| 5,173 | 4,897 | |
| Total resources expended | 143,835 | 129,363 |
| Net income | 47,973 | 14,673 |
This page does not form part of the statutory financial statements
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