Archbishops Pala￿ Conservation Trust
Year ended 30" June 2023
Archbishops Palace
Conservation Trust
Trustees, Report and Financial Statements
Year ended 30 June 2023

Archbishops Palace Conservation Trust
Year ended 30 June 2023
e8iStered Charlty number 1173486
Contents
Charitable information..........-.......................................................................-.............-.......................................
Trustee5' Report...................................-..............................................................................................................
Independent Examiners Examinerfs Report to the Trustees of the Archbishops Palace ConseNation Trust....
Statement of Financial ActNities.........................................................................................................................
Balance Sheet......................................................................................................................................................
Notes to the Financial Statements................................................-.....................................................................

Archbishops Palace Conservation Trust
Year ended 30th June 2023
Charitable information
Registered office
Chantry Cottage, The Green. Otford,
KentTN14 5PD
Bankers
Lloyd5 Bank, 25 Gresham Street. London, EC2V7HN
Trustees
Andrew Goymer. Chairman
Nick Rushby, Secretary
John Edward5-Winser
Elizabeth Anderson
Roger House
Charles Shee
Nick Fothergill ResiBned123rd June 2023
Emily Stammittii- Campbell (Resigned 24" October 20231
Bethany Walker
Melissa Bastin (Appointed 12" July 20221
Neil Williams
Independent Examiner
Keith Lawrey
Charitable Incorporated
Organisation Number
Registration No 1173486

Archblshops Palace Conservation Trust
Year ended 30th June 2023
Trustees, Report
The Trustees present their annual report and financial statements of the charity for the year ended
30 June 2023. The financial statements have been prepared in accordance with the accountinE
policies set out in note I to the accounts and comply with the charitys trust deed. the Charities Art
2011 and the Charities SORP IFRS 1021.
Objertives and Acti¥itie5
The Trust has a lease of 99 years forthe site and buildings of the Tudor Palace in Otford from Sevenoaks
District Countil. The Trutt will engage with a wide range of people from north-west Kent and London. Ltsing
the site and buildings of thè Tudor Palace and the OtFord Heritage Collection to promote the understanding
and enjoyment of the heritage of the Darent Valley, and thus to engender their well-being through
engagement with that herf(aBe. To achieve this. we will restore the iconic buildings of the Archbishop's
Palace in Otford and create an interpretation centre that will art as a hub for further exploration.
Achlevements and perforniance
Work is concluding to underpin and secure the stability of the Palace Tower for the future and it has now
been able to move to the next phase to secure the upper half of the Tower. The Trust Is again most grateful
to all funders. which in addition to local donations include this year- The Hedley Trust and Historic Houses
Foundation as well as those pledged last year from- The Darent Valley landscape Partnership Scheme,
Garfield Weston Foundation, Enovert Community Tnjst and the PilgrFm Trust. Other actr¥ities include a plan
for audience development looking ahead as well as running Christma5 and May Day fairs.
Flnandal revlew
In the year to £30, June 2023 over £SO.Othj12022-£1￿,485l has raised for the stsbilisation phases which
has enabled work to make significant progre55. These amounts a￿ been treated a5 restricted funds for this
agreed purpose. More will be needed for this ambitious projeci and however and a bid to the Heritage
Lottery Fund is underwav.
Expenditu￿ during the year. Stabilisation costs from ￿tricted funds during the year amounted to £38.060
12022 . £66.8971. General upkeep of the Palace Fièld and administration of the Trust amounted to £9.￿1.
Structure, Governance and Man4emeot
The Trustee board met 4 times to rewew proB￿sS and fvture objertT¥es through detailed papers provided by
the Secretary. There have also been sever31 0￿￿ day events and working parties to help with the Var￿￿$
aspects of achieving the TDJst aims.
Reference and Adm•nistrati¥e detslls
Twstee have ef(her met online or more reCen￿V through tace-ttrlatè meetin85. Trust records including
financial records are maintsined by the Secretary and backed up regularty.
Signed on ￿half of the Board of Trustees
Andrew Goyiner
Chairman

Archbishops Palace Conseryation Trust
Year ended 30 June 2023
Independent Examiners Examinerfs Report to the Trustees of the
Archbishops Palace Conservation Trust (the Registered Charity,
number 1173486)
I report to the charity Trustees on my examination of the accounts of the Charity for the ye3r ended 3
June 2023.
Responsibilities and Basis of the Re￿rt
As the Trustees of the Charityyou are responsible for the preparation of the ￿COunt% in accordance with the
requirements of the Charities Act 20111.the 2011 Act'l.
I report in respèct of my examination of the Charity's accounts carried out under sertion 145 of the 2011 Act
and in tsrrying out my examination I have followed all the applicable Directions given by the Chartty
Commission under section 14515llbl of the 2011 Act.
Independent Examlnerfs Ststement
I have completed my examination. I CLJnfirm material matters have come to my attention in connection
with the examination giving me cause to believe that in any material ￿SpeCt the accounts do not accord
with those records. I have no cOn￿rn5 and have come across no other matters in connÈrtion with the
examination to which attention should be drawn in this report in order to enable a proper understsnding of
the accounts to be reached.
Signed
Name
Keith Lawrey, JP, Barrister at law. Chartered Secretary
Address
23, Tudor CrL£cent. Otford. Kent. TN14 5QS
Date
IL O,XdJfS I013

ATchbi5hops Palace Conservatlon Trnst
Year ended 30 June 2023
This ￿port is made solely to the Charivs Trustees. as a body. in attordance with Part 4 of the Charities
IA¢counts and Reports) Regulations 2￿8. My work has been undertaken 50 that I might state to the
Charrty's Trustees those matters l am required to state to them in an Independent examiner's ￿port and for
no other purpose. To the fullest extent penmitted by law. I do not atcept or assume responsibility to anyone
other than the Charity and the Chartty's Trustees as a body, for my work or for this report.
Your attention is drawn to the fart that the Charity has prepared the accounts ift accordance with
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts accordance with the Financial ReFQrting Standard applicable in the UK and Republlc
of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended
Practice issued on l April 2005 which is referred to in the extsnt regulation5 but has been withdrawn.
l understand that this has been done in order forthe accounts to provide a true and faIr￿QW in accordance
with the Generally Accepted Accounting Practice effertive for reporting periods beginning on or after I
January 2015.
I have completed my examination. I can confimi that ￿ matters have come to my attention in connection
with the examination w¥in8 me cause to believe that in any material respect=
l. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act- or
2. the accounts do not accord wth those records- or 3. the accounts do not comply with the applicable
requiremènts concernlng the fom and content of a(Kounts set out in the Charities (Accounts and Reports)
Regulations 2(￿ other than any requi￿rnent that the accounts give a'true and faie view which is not a
matter considered as part of an indèpendent examination.

Archblshops Palace Consebvatlon Trust
Year ended 30th June 2023
Statement of Financial Activities
2022
Total
Funds
F￿dS
Fund5
Total Funds
Incom5ng resources charitable actlvitles
Unrestricted grants and donations
Restritted 8rants: Stabilisation projert
Book sales
2,063
50.0
301
11.249
19J,485
36
301
T(rtal incoming resources
52.364
201,770
Out8oln8 ￿0￿r(e5 charltable artlvltles
Consultants for desi8n and rAanning
Stabilisation projert costs
Otford Heritage expenses
Cost of go¢>ds sold
Palace field upkeep
Insurance
Tower and gatehouse costs
Accounting and general Offi￿ costs
IT & website costs
7,795
66,897
403
75
2,418
675
521
939
342
38,060
38.060
3,054
3,054
1.612
547
1.612
547
1.517
565
1,517
565
Total resources expended
47.961
80.065
Net Income (expendlturel forthe year
175371
11.940
121.705

Archbishops Palace Conservation Trust
Year ended 30 June 2023
Balance Sheet
2022
Total
Funds
Funds
Funds
Toial Funds
Capltal and reserves
Stsrt ofyear
Net income lexpenditurel for the year
28,126
17,5371
123.587
11.940
151,713
4.403
30.(#)9
121,704
At year end
20.589
135,527
156.116
151.713
Net current a55ets
Cash at Lloyds bank
Debtors.. Avarlable restricted funds
Accounts rèoivable
Less.. Creditor5.' due in less than one year
Total net current asseis
19.362
42,747
88.724
5.941
11,8851
135,527
62.109
88,724
7.168
11.8851
156.116
47,501
107.681
10,624
114,0931
151,713
1,227
20.589
Trtal Assets less Llabllltles
20.589
135.527
156.116
151,713
Slgned Andrew Goymer, Cha5rn)an
Dated
Signed Nkk Rushby. Setretary
Dated

Archbishops Palace Conservation Trust
Year ended 30 June 2023
Notes to the Financial Statements
l Accountlng polKies
1.1 Basis of preparation..
The financial statements have been prepared under the historical cost convention with tlems recognised at
their cost values and under the Statement of Recommended Prartice.. Accounting and Reporting by Charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the
Republic of Ireland IFRS 1021 and with the Charities Att 2011.
1.2 Income
Income is recognised once the charity has entitlement to the irKome and it is probable that the income wlll
be received and the amount of income tan be measured reliabfy.
1.3 Expenditure
Expenditure 15 recogni5ed once there 15 a legal or construtttve obligation to transfer economic benefft to
third party and it is probable that a transfer of economic benefit will be required in settlement and the
amount of the obligation can be measured ￿lIal￿v.
1.4 Fund accounting
Restritted funds are funds which are to be used in accordance with specific restrictlOn5 imposèd by donors or
whith have been raised bythe charity for particular purposes.
2 Support COSt5
None of the Trustees are remunerated. Reimbursemerrt of expenses may be made in certain arcumstances.
Mergers and translefs
During the previous yearthe Charity re￿r￿ed the assets of the Orford Heritsge Collection with a view to
displaying the items in the Palacè Tower when its restoration has been completed. The Charrty was also the
beneficiary of a transfer of assets from the Charing pala￿ TnJst when that trust was wound up.

Arthbishops Palace Conservation Tntst
Year ended 30th June 2023
Statementof Fund5
CURRENTYEAR
Balance at
IstJuly
2022
Balance at
30th June
Expenditu￿ 2023
Income
Unrestricted Fund5
28,126
2,364
9.￿1
20589
Restricted Funds
123,587 50.(
38,060
135.527
Total funds
151.713
52.364
47.961
156,116
PRIOR YEAR
Balance at
1st Julv
2021
Balance at
30th June
Expenditure 2022
Income
Unrestricted Fund5
30,009
11.285
13.168
28.126
Restricted Funds
190.485
66.898
123,587
Total funds
30.009 201,770
151,713
io