2023-03-31-accounts - Queenborough Fishery Trust

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		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	6
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements	10	to	16
Detailed Statement ofFinancial Activities		17

					31.3.23	31.3.22
					Unrestricted	Total
					funds	funds
				Notes
INCOME	AND	ENDOWMENTS FROM
Investment	mcome				193,988	186,249
EXPENDITURE		ON
Charitable	activities
Grants					120,256	103,817
Other					38,553	37,957
Total					158,809	141,774
Net gains/(losses)		on investments			(399,810)	4,191
NET INCOME/(EXPENDITURE)					(364,631)	48,666
RECONCILIATION			OF FUNDS
Total funds	brought forward				3,938,939	3,890,273
TOTAL FUNDS		CARRIED FORWARD			3,574,308	3,938,939

	BALANCE SHEET 31MARCH 2023
		31.3.23	31.3.22
		Unrestricted	Total
		funds	funds
	Notes
FIXEDASSETS
Investment property		2,940,000	3,313,750
CURRENT ASSETS
Debtors	9	11,713	6,969
Investments	10	460,646	449,905
Cash at bank		232,936	177466
		705,295	634,140
CREDITORS
Amounts falling due within one year		(70,987)	(8,951)
NET CURRENT ASSETS		634,308	625,189
TOTAL ASSETSLESSCURRENT
LIABILITIES		3,574,308	3,938,939
NET ASSETS		3,574,308	3,938,939
FUNDS	13
Unrestricted funds		3,574,308	3,938,939
TOTAL FUNDS		3,574,308	3,938,939

					31.3.23	31.3.22
						I
	Rents receivable				155,722	160,650
	Other fees		&licences		32,896	20,373
	Dividend	income			4461	4,520
	Interest receivable				1,109	706
					193,988	186,249
4.	CHARITABLE ACTIVITIES COSTS
					Grant
					funding of
					activities
				Direct	(see note
				Costs	5)	Totals
	Grants			2,328	117,928	120,256
5.	GRANTS		PAYABLE
					31.3.23	31.3.22
	Grants				117,928	101,861

				2023	2022
					f.
Grants approved to Institutions:
Abbey Physic Community	Garden				5,000
Arden Theatre					9,196
The Autism Apprentice CIC					2,500
Boughton Under Blean Parish		Council			2,050
Breakthrough Community	Allotment			500
Cinque Ports Rowing Club	CIC				3,530
Crossroads Care Kent				5,000
Curly's Legacy				2,400
Doddington Parish Council					5,000
Eastern Sheppey Community		Hub		500
Faversham Assistance Centre				4,000
Faversham Charters Advisory		Group			10,000
Faversham Pools				7,500
Faversham Swimming Club					750
Faversham Umbrella Centre				6,000
Graveney and Goodnestone	Village Hall Charity			2,000
Hartlip Village Hall				1,000
Imago Community				2,770
Iwade at the Bam Trust					5,000
Kent Creative Arts					(5,000)
Kent Creative Arts					4,000
Milton Creek Country Park				10,000
New Connections Befriending		Service			2,000
New Leaf Support				1,136
Newington Parish Council					5,000
Gare Garden and Allotment	Society			1,625
Gare Parish Council					6,000
Painter's Forstal Community	Association				4,000
PCC ofStMary &StMichael,		Sittingbourne			5,000
Queenborough Bowls Club					1,100
Queenborough Town Community			Centre	4,000	1,150
Rose Gold Gallery					300
Sheerness Dockyard Preservation			Trust	10,000
Sheerness Swimming Club					3,000
Sheppey Cricket Club				6,018
Sheppey Entertainment Association				5,000	2,500
Sheppey Hall Trust				2,912	5,000
Sheppey Model Society					2,935
Sheppey Rugby Football Club				10,000
Sheppey Sailing Club				1,400
Sheppey War Memorial Trust					10,000
Sittingbourne Judo Club				500
Sittingbourne Scouts				1,000
SSAFA					1,500
St John Ambulance				8,000
TSHazard				10,000
Upchurch Cricket Club					5,000
Upchurch Parish Council				3,300	2,350
Upchurch Short Mat Bowls	Club			4,000
Upchurch Village Hall Trust					3,000
Youth Resilience UK CIC				7,350
Grants to Individuals				17

					117,928	101,861
SUPPORT		COSTS
						Governance
						costs
Other resources expended						38,553
Support	costs, included		in the	above, are as follows:
Governance		costs
					31.3.23	31.3.22
					Other
					resources	Total
					expended	activities
						I
Printing,	postage and stationery				248	153
Accountancy		and independent		examiner's
fees					1,380	1,740
Bookkeeping					3,600	3,371
Legal and professional			fees		27,564	29,772
Insurance					987	971
Other					4,774	1,950
					38,553	37,957

INVESTMKNT PROPERTY
FAIR VALUE
At 1 April 2022	3,313,750
Impairments	(373,750)
At 31March 2023	2,940,000
NKT BOOK VALUE
At 31March 2023	2,940,000
At 31March 2022	3,313,750

9.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.3.23	31.3.22
	Other debtors and prepayments	11,713	6,969
10.	CURRENT ASSETINVES~
		31.3.23	31.3.22
	Listed investments	460,646	449,905
11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.3.23	31.3.22
	Trade creditors	31,221	6,709
	Other creditors	39,766	2,242
		70,987	8,951

	2023	2022
Within one year	155,200	155,650
Between on and five years	620,800	622,600
In more than five years	12,647,577	12,787,377
	13,423,577	13,565,627

MOVEMEN	T IN FUNDS
				Net
				movement	At
			At 1.4.22	in funds	31.3.23
Unrestricted	funds
General fund			3,870,502	(362,303)	3,508,199
Queenborough	Hard Maintenance	and
Repair Fund			68,437	(2,328)	66,109
			3,938,939	(364,631)	3,574,308
TOTAL FUNDS			3,938,939	(364,631)	3,574,308

				Incoming	Resources	Gains and	Movement
				resources	expended	losses	m funds
							f.
Unrestricted	fends
General fund				193,988	(156,481)	(399,810)	(362,303)
Queenborough	Hard Maintenance		and
Repair Fund					(2,328)		(2,328)
				193,988	(158,809)	(399,810)	(364,631)
TOTAL FUNDS				193,988	(158,809)	(399,810)	(364,631)
Comparatives	for movement	in	funds
						Net
						movement	At
					At 1.4.21	in funds	31.3.22
Unrestricted	funds
General fund					3,819,880	50,622	3,870,502
Queenborough	Hard Maintenance		and
Repair Fund					70,393	(1,956)	68,437
					3,890273	48,666	3,938,939
TOTAL FUNDS					3,890,273	48,666	3,938,939

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted	funds
General fund			186,249	(139,818)	4,191	50,622
Queenborough	Hard Maintenance	and
Repair Fund				(1,956)		(1,956)
			186,249	(141,774)	4,191	48,666
TOTAL FUNDS			186,249	(141,774)	4,191	48,666

				31.3.23	31.3.22
					f,
INCOME AND ENDOWMENTS
Investment income
Rents receivable				155,722	160,650
Other fees 61licences				32,896	20,373
Dividend income				4,261	4,520
Interest receivable				1,109	706
				193,988	186,249
Total incoming resources				193,988	186,249
Charitable activities
Queenborough Hard maintenance				2,328	1,956
Grants to institutions				117,928	101,861
				120356	103,817
Supportcosts
Governance costs
Printing, postage and stationery				248	153
Accountancy and independent		examiner's	fees	1,380	1,740
Bookkeeping				3,600	3,371
Legal and professional	fees			27,564	29,772
Insurance				987	971
Other				4,774	1,950
				38,553	37,957
Total resources expended				158,809	141,774
Net income				35,179	44,475