| Trustees' report |
|
|---|---|
| Independent auditors' |
report |
| Statement ofhnancial | activities |
| Balance sheet | |
| Statement ofcashttows | |
| Notes to the financial statements |
| Reference | and administmtive | and administmtive | information | |
|---|---|---|---|---|
| Trustees: | Sarah Hill |
|||
| Philip Thomas | ||||
| Michael Nonie | ||||
| Jennifer Thomas | ||||
| Paul Marsh | ||||
| Sarah Playle | ||||
| Tony Hooper | ||||
| Robert Blundell | ||||
| Charity registered | number. | 1171822 | ||
| Principal address: | PO Box506 | |||
| Ramsgate | ||||
| CT11 1DZ | ||||
| Independent | auditors: | Lindeyer Francis Ferguson | Limited | |
| North House | ||||
| 198High Street | ||||
| Tonbridge TN9 1BE | ||||
| Bankers: | CAF Bank Ltd | |||
| 25 Kings Hill Avenue | ||||
| Kings Hill | ||||
| West Mailing ME194JQ | ||||
| Investment | managers: | CCLA | ||
| Senator House | ||||
| 85Queen Victoria Street | ||||
| London EC4V4ET | ||||
| Rathbone Brothers Pic |
||||
| 8 Finsbury Circus, |
||||
| London EC2M 7AZ | ||||
| Property Agents: | Ellis &Co | |||
| 93High Street | ||||
| Tonbridge | ||||
| TN9 1DR |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| General | Capital | Unrestricted | Unrestricted | |||
| Fund | Account | Funds | Funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| F | 6 | 6 | 8 | |||
| Note | ||||||
| Income from: | ||||||
| Investments: | ||||||
| Rental income | 240.690 | 240,690 | 219,418 | |||
| Dividends received |
408,915 | 408,915 | 377,066 | |||
| Interest receivable | 15,067 | 15.067 | 17,537 | |||
| Total income | 664,672 | 664,672 | 614,021 | |||
| Expenditure on: |
||||||
| Raising funds | 104,836 | 104,836 | 94,633 | |||
| Charitable activities |
970,500 | 250,000 | 1,220,500 | 427,183 | ||
| Total expenditure | 1,075,336 | 250,000 | 1,325,336 | 521,816 | ||
| Net gains I(losses) on investments: | ||||||
| Realised | 136,980 | 136,980 | 573,918 | |||
| Unrealised | 1,257,706 | 1,257,7Q6 | 2,441,495 | |||
| Net income | ( 273,684) | 1,007,706 | 734,022 | 3,107,618 | ||
| Transfer between | funds | 204,402 | ( 204,402) | |||
| Net movement in funds |
( 69,282) | 803,304 | 734,Q22 | 3,107,618 | ||
| Reconciliation offunds: |
||||||
| Total funds brought | forward | 632,838 | 20,980,271 | 21,613,109 | 18,505,491 | |
| Total funds cerned | forward | 563,556 | 21,783,575 | 22,347,131 | 21,613,109 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| 6 | b | |||||
| Note | ||||||
| Fixed assets | ||||||
| Investment property |
6,250,000 | 5,815,000 | ||||
| Investments | 16,139,591 | 15,476,115 | ||||
| 22,389,591 | 21,291,115 | |||||
| Current assets | ||||||
| Debtors falling due after more than | ||||||
| one year | 400,000 | 500,000 | ||||
| IDebtors falling due within one year | 176,062 | 171,725 | ||||
| Cash at bank and in | hand | 163,699 | 292,354 | |||
| 739,761 | 964,079 | |||||
| Cnsditors: amounts | falling due within | |||||
| one year | 9 | ( 382,221) | ( 142,085) | |||
| Net current assets | 357,540 | 821,994 | ||||
| Creditors: amounts | falling due after | |||||
| more than one year | (400,000) | ( 500,000) | ||||
| Total net assets | 22,347,131 | 21,613,109 | ||||
| Charity funds | ||||||
| Unrestricted funds |
22,347,131 | 21,613,109 | ||||
| Total funds | 22,347,131 | 21,613,109 |
| 2022f 2022f |
2021 f |
2021 f |
||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Cash flows from operating | activities: | |||||
| Net cash used in operating | activities | A | ( 1,089,535) | ( 721,705) | ||
| Cash flows from investing | activities: | |||||
| Dividends, interest and rent |
received | 664,672 | 614,021 | |||
| Acquisition ofinvestment Purchases ofinvestments Sales ofinvestments |
property | ( 1,460,064) 1,820,842 |
( 14,783) ( 3,660,880) 3,476,789 |
|||
| Net cash provided by investing |
activities | 1,025,450 | 415,147 | |||
| Change in cash and cash | equivalents | ( 64,085) | ( 306,558) | |||
| Cash and cash equivalents | at the | |||||
| beginning ofthe year |
||||||
| Cash hekl at bank | 292,354 | 375,700 | ||||
| Cash held within investment | portfolio | 173,286 | 396,498 | |||
| 772,198 | ||||||
| Cash snd cash equivalents | at the andi | |||||
| ofthe year | ||||||
| Cash held at bank Cash held within investment |
portfolio | 163,699 237,856 |
292,354 173,286 |
|||
| 401,555 | 465,640 | |||||
| A. Reconciliation ofnet income to net cash flow used in operating activities |
||||||
| 2022f | 2021 | 2021f | ||||
| Net income for the year As per the Statement otFinancial Activities |
734,022 | 3,107,618 | ||||
| Adjustments for: |
||||||
| Net (gains) on investments Dividends, interest and rent Decrease in debtors |
receivable | ( 1,394,686) ( 664,672) 95,663 |
( 3,015,413) ( 814,021) 97,696 |
|||
| (Decrease) in creditors | 140,138 | ( 297,585) | ||||
| ( 1,823,557) | ( 3,829,323) | |||||
| Net cash used in operating activities |
(1,089,535) | ( 721,705) |
| 3 | Expenditure | on | raising | fu | nds | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| E | K | |||||||||
| Rental properties | direct | costs | 53,587 | 47,721 | ||||||
| investment | management | costs | 51,249 | 46,912 | ||||||
| 104.836 | 94,633 | |||||||||
| 4 | Expenditure | on | charitable | activities | ||||||
| General Fund |
Capital Account |
Total | Totai | |||||||
| 2022 | 2022 | |||||||||
| 8 | E | |||||||||
| Distributions | and | grants | 930,158 | 250,000 | 1,180,158 | 401,490 | ||||
| Allocation of | support costs | (Note 5) | 40,342 | 40,342 | 25,693 | |||||
| 970,500 | 250,000 | 1,220,500 | 427,183 | |||||||
| 5 | Supportcosts | |||||||||
| 2022 | 2021 | |||||||||
| E | E | |||||||||
| Administrative | expenses | 32,662 | 18,253 | |||||||
| Governance | costs: | |||||||||
| Audit fees | 7.680 | 7,440 | ||||||||
| 40,342 | 25,693 |
| Investment property |
|
|---|---|
| Freehold | |
| property | |
| Market value | |
| At 1 April 2021 | 5,815,000 |
| Unrealised change in market value |
435,000 |
| At 31March 2022 | 6,250,000 |
| Listed | Unlisted | ||||
|---|---|---|---|---|---|
| investmentsf | investmentsf | Totalf | |||
| Atcost or valuation | |||||
| At 1 April | 2021 | 15,475,635 | 480 | 15,476,115 | |
| Additions | at cost | 1,460,064 | 1,460,064 | ||
| Disposals Unrealised |
at carrying value change in market vaiue |
( 1,683,382) 822,706 |
( 480) | ( 1,683,862) 822,706 |
|
| Movement | in capital | account balance | 64,568 | 64,568 | |
| 16,139,591 | 16,139,591 |
| Debtors | ||
|---|---|---|
| 2022f | 2021f | |
| Debtors falling due after mors than one year | ||
| Loan receivable | 400,000 | 500,000 |
| Debtors falling due within one year | ||
| Loan receivable | 100,000 | 100,000 |
| Prepayments and other debtors |
76,062 | 71,725 |
| 176,062 | 171,725 | |
| 576,062 | 671,725 |
| 2822 | 2021 | ||
|---|---|---|---|
| 6 | 6 | ||
| Creditors falling due after more than one year | |||
| Funding | commitments | 400,000 | 500,000 |
| Creditors falling due within one year | |||
| Funding | commitments | 352,500 | 100,000 |
| Accruals | and other creditors | 29,721 | 42,085 |
| 382,221 | 142,085 | ||
| 782,221 | 642,085 |
| 10 | Movement in funds |
||||
|---|---|---|---|---|---|
| Brought forward |
N t movement |
Transfers | Carried forward |
||
| 8 | 8 | 6 | |||
| Current period | |||||
| Unresb icted funds: | |||||
| General fund | 632,838 | ( 273,684) | 204,402 | 563,556 | |
| Capital account | 20,980,271 | 1,007,706 | ( 204,402) | 21,783,575 | |
| 21,613,109 | 734,022 | 22,347,131 | |||
| Preceding perrbd | |||||
| Unrestricted funds: |
|||||
| General fund | 66,715 | 666,123 | ( 100,000) | 632,838 | |
| Capital account | 18,438,776 | 2,441,495 | 100,000 | 20,980,271 | |
| 18,505,491 | 3,107,618 | 21,613,109 |
| Movement in funds continued |
Movement in funds continued |
||||
|---|---|---|---|---|---|
| Net movement comprises: |
|||||
| income | Expendiiture | Gains i (iiosses) |
Total | ||
| 6 | |||||
| Cunenf period | |||||
| Unrestricted funds: |
|||||
| General | fund | 664,672 | ( 1,075,336) | 136,980 | ( 273,684) |
| Capital | account | ( 250,000) | 1,257,706 | 1,007,706 | |
| 664,672 | ( 1,325,336) | 1,394,686 | 734,022 | ||
| Preceding | period | ||||
| Unrestricted funds: |
|||||
| General Capital |
fund account |
614,021 | ( 521,816) | 573,918 2,441,495 |
666,123 2,441,495 |
| 614,021 | ( 521,816) | 3,015,413 | 3,107,618 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 6 | 6 | ||||||
| Achievement for All |
5,400 | ||||||
| Action Medical Research | 5,ooo | ||||||
| Age UK West Sussex | 5,000 | ||||||
| Ambitious about Autism |
|||||||
| Aspens Charities | 5,000 | ||||||
| Asthma Relief |
7,500 | ||||||
| Sama rdo's | 5,000 | ||||||
| Brighton Dome And Festival | Ltd | 10,000 | |||||
| Cancer Support UK | 9,000 | ||||||
| Canine Partners | 5,000 | ||||||
| Carers' Support East | Kent | 5,000 | |||||
| Carers Support West | Sussex | 3,000 | |||||
| Carers UK | 4,000 | ||||||
| Chailey Heritage Foundation |
5,000 | ||||||
| Child Autism UK |
2,500 | ||||||
| Childhood Eye Cancer |
Trust | 3,000 | |||||
| Citizens Advice Tunbridge | Wells | &District | 10,000 | ||||
| CLIC Sargent Charity | 2,500 | ||||||
| Coach Core Foundation | 5,000 | ||||||
| Combat Dress | 3,000 | ||||||
| Conservation Volunteers |
5,000 | ||||||
| Coram | 5,000 | ||||||
| Create (Arts) Limited | 2,000 | ||||||
| Crlminon UK |
5,000 | ||||||
| Crohn's &Colitis UK | 4,000 | 3,000 | |||||
| Dame Vera Lynn Children's | Charity | 3,000 | |||||
| Dandelion Time |
10,000 | 13,000 | |||||
| De La Warr Paviilion Charitable | Trust | 5,000 | 4,000 | ||||
| Demelza House Children's | Hospice | 7,500 | |||||
| Dentaid Limited |
6,ooo | ||||||
| Disability Challengers | 2,500 | ||||||
| Disasters Emergency | Pro)ect - Afghanistan | 5.000 | |||||
| Disasters Emergency | Committee | re: Ukraine | 5,000 | ||||
| Dogs for Good | 5,000 | ||||||
| Domestic Abuse Volunteer | Support Services | 7,000 | |||||
| Eden Valley Museum | Trust | 5,000 | |||||
| Elizabeth Finn Care |
2,000 | ||||||
| Emmaus Brighton and |
Hove | 5,000 | |||||
| Farms for City Children | 10,000 | ||||||
| Fields in Trust | 2,000 | ||||||
| Subtotal | 136,900 | 86,500 |
| GeneralFund | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| f | K | ||||||||
| Brought forward | 136,900 | 86,500 | |||||||
| Fire Fighters Charity | 5,000 | ||||||||
| Fort Amherst Heritage Trust |
4,100 | ||||||||
| Friends of Ail Saints | Church | 4,000 | |||||||
| Frozen Lights | 5,000 | ||||||||
| Gazen Salts hlature Reserve | 5,000 | ||||||||
| Global Feedback | 5,000 | ||||||||
| Guts UK Charity | 1,000 | ||||||||
| Happy Days Chiklren's | Charity | 3,000 | |||||||
| Hearing Dogs for Deaf People |
|||||||||
| Heart ofKent Hospice | 40,000 | ||||||||
| Horatio's Garden | 3,000 | ||||||||
| Hospice in the weald | 2,500 | ||||||||
| Huntington's Disease |
Association | 3,000 | |||||||
| Hypo Hounds | 5,000 | ||||||||
| IAH Charity Company | Ltd | 5,000 | |||||||
| Independent Age |
2,000 | ||||||||
| Jamie's Farm | 5,000 | ||||||||
| Jigsaw (South East) | 5,0OO | ||||||||
| Kent Autistic trust | 8,000 | ||||||||
| Kent Community Foundation |
Environmental | Fund | 25,000 | ||||||
| Kent Refugee Aetio~ | Network | 5,000 | |||||||
| Kent Surrey and Sussex Air Ambulance | trust | 8,000 | |||||||
| Kidscape Campaign | for | Children's | Safety | 5,284 | |||||
| Lennox Children's Cancer Fund |
5,000 | ||||||||
| Level Water | 3,000 | ||||||||
| Lifelites | 2,500 | ||||||||
| Listening Books | 4,500 | 3,000 | |||||||
| Little Gate Farm | 8,000 | ||||||||
| Liitie Hearts Matter | 2,000 | ||||||||
| I UPUS UK | 1,000 | ||||||||
| Macmillan Cancer Support |
2,500 | ||||||||
| Martha Trust | 8,000 | ||||||||
| Medical Detection Dogs | 5,000 | ||||||||
| Medical Engineering | Resource | Unit | (MERU) | 6,670 | |||||
| Mind | 2,5OO | ||||||||
| Missing People Ltd | 2,500 | ||||||||
| Multiple Sderosis Trust | 2,500 | ||||||||
| Music in Hospitals And Care |
3,000 | ||||||||
| Myaware | 2,000 | ||||||||
| National Youth Choirs ofGreat |
Britain | 2,500 | |||||||
| Subtotal | 198,270 |
| General Fund | ||||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| 8 | 8 | |||||
| Brought forward | 250,184 | 198,270 | ||||
| Oasis Domestic Abuse Service | 25,000 | |||||
| OCD Acbon | 2,500 | |||||
| Odyssey Project Limited | 2,500 | |||||
| Parkinson's Disease Society of |
the | United | Kingdon | 3,000 | ||
| Plantlife International -the wild |
plant conservaton | charity | 3,000 | |||
| Porchlight | 25,000 | 5,000 | ||||
| Prisoners' Advice Service |
5,000 | |||||
| Prison Fellowship | 4,500 | |||||
| Prostate Cancer Research | 25.000 | |||||
| Rainbow Trust Children's Charity |
2,500 | |||||
| Read for Good | 5,000 | |||||
| Re-engage | 10,000 | |||||
| Remap2010 | 7,500 | |||||
| Reverse Rett | 5,000 | |||||
| Revitalise Respite Holidays | 3,820 | |||||
| Richard Dimbleby Cancer Fund | 5,000 | |||||
| Roald Dahl's Marvellous Children's |
Charity | 5,000 | ||||
| Royal Academy of Culinary Arts Adopt a School Trust |
10,000 | |||||
| Royal British Legion Industries | Ltd. | 505,000 | 5,0OO | |||
| Royal National Lifeboat Institution |
20,000 | |||||
| RSPB | 3,850 | |||||
| Safe Haven | 30,000 | 30,000 | ||||
| Scotty's Little Soldiers | 5,000 | |||||
| Sense, The National Deafblind |
&Rubella Association | 2,500 | ||||
| Serve on | 20,000 | 20,000 | ||||
| Shelterbox | 5,000 | |||||
| South East Cancer Help Centre | Limited | 5,000 | ||||
| Spear Brighton Trust | 10,000 | |||||
| Spinal Muscular Atrophy UK |
2,000 | |||||
| St Bamabas Hospices (Sussex) Ltd | 5,000 | |||||
| StGeorge's Community Children's |
Project | Ltd | 4,000 | |||
| StJohns Ambulance | 5,000 | |||||
| StJohn's School 8 College | 4,000 | |||||
| StWilfrid's Hospice (South Coast) | Limited | 2,500 | ||||
| StWilfrid's Hospice (Eastboume) | 3,000 | |||||
| Strongmen Charitable Incorporated |
Organisation | 7,500 | ||||
| Sunny Days Children's Fund |
3,000 | |||||
| Tall Ships Youth Trust | 3,350 | |||||
| Taylor Made Dreams | 4,000 | |||||
| Team Domenica | 5,000 | |||||
| Teenage Cancer Trust | 9,000 | |||||
| Subtotal | 1,001,384 | 320,090 |
| General Fund | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| 6 | ||||
| Brought forward | 1,001,384 | 320,090 | ||
| The Battle ofBritain Memorial | Trust CIG | 5,000 | ||
| The Brain Tumor Charity | 2,000 | |||
| The British Stammedng Association |
3,000 | 2,500 | ||
| The Douglas Bader Foundation | 5,000 | |||
| The English Heritage Trust | 3,000 | |||
| The Federation ofLondon Youth Clubs | 6,000 | |||
| The Field Lane Foundation | 4,000 | |||
| The Girls' Network | 5,000 | |||
| The Guide Dogs forthe Blind | Association | 5,000 | ||
| The Hollingboume Meadow's |
Trust Ltd | 5,000 | ||
| The JPKSussex Project | 5,000 | |||
| The Kenward Trust | 2,274 | |||
| The Living Painting Trust | 2,500 | |||
| The Lord's Tavemers | 3,400 | |||
| The Macular Disease Society | 5,000 | |||
| The Martletts Hospice Ltd | 5,000 | |||
| The Maypole Project | 10,000 | |||
| The Maytree Respite Centre | 5,000 | |||
| The Movement for Non-Mobile |
Children | (Whizz-Kidz) | 50,000 | |
| The Reading List Foundation | ||||
| The Royal Air Forces Association | 5,000 | |||
| The Salvation Army Food Bank |
2,500 | |||
| The Separated Child Foundation |
2,000 | |||
| The Sussex Beacon | 5,000 | |||
| The Suzy Lamplugh Trust |
5,000 | |||
| The Wheelyboat Trust |
2,500 | |||
| The Woodland Trust |
5,000 | |||
| Time to Talk Befriending | 10,000 | |||
| Together for Short Lives | 5,000 | |||
| Together Kent | 4,000 | 20,000 | ||
| Tree of Hope | 5,000 | |||
| Trinity Theatre &Arts Centre Limited | 6,000 | |||
| University of Kent |
5,000 | 5,000 | ||
| Veterans Growth |
5,000 | |||
| Villiers Park Educational Trust |
5,000 | |||
| Volunteering Matters |
5,000 | |||
| Walking With The Wounded |
5,000 | |||
| West Sussex mind | 5,000 | |||
| Wildwood trust |
5,000 | |||
| Willow Foundation | 3,000 | |||
| YWCA England &Wales |
4,000 | |||
| Subtotal | 1,180,'I58 | 401,490 |