Charlty number: 1194270 THE ROBERT THOMPSON CHARITIES AT SALTWOOD KENT UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE ROBERT THOMPSON CHARITIES AT SALTWOOD KENT CONTENTS Page Reference and admlnlstrative details of tho Charlty, Its Trustse$ and aflvlsers Trustees, report Independent examinerf$ report Statement of financlal actlvltles Balance sheet Notes to th8 financial statements 8-20
THE ROBERT THOMPSON CHARITIES AT SALTWOOD KENT REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Miss S J Carey, Chaim)an Ms S Kenward, Vice£hairynan Cllr F Boland Mr M Carter, Parish Council nominee from 15 January 2021 Iresigned 15 January 20241 Rev B Knott, Exrficio 2 July 2020 Cllr R Love MT J Morgan, Cwpled 1 October 2019 Mrs A Swonnell {appoinled 5 April 2024) Mr G Topplng Ms R Weisz Charlty reglstered numbèr 1194270 Principal offi¢9 Herwood House Henwood Ashford Kent TN24 8DH Accountants Magee Gammon Corporato Limited Chartered Accountants Henwood Hous Henwood Ashford Kent TN24 8DH Bankgrs CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME194JQ Investmènt Manager M&G Charities PO Box 9038 ChelmsfoTtJ CM99 2XF Page 1
THE ROBERT THOMPSON CHARrriES AT SALTWOOD KENT TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report together wÉih the financial sL*ements of the Charity for the year from 1 January 202410 31 December 2024. The CIO was fom)ed on 28 April 2021 and the activities, assets and liabilitigs ol the unincorporated charity of the same name (number 2092201 were liansferred lo the CIO on 31 December 2021. The original Charity was created in 1899 to buikj a village hall and 8 almshouses with money bequeathed by Robert Thompson. The Tru$legs are responsible for managing these properties and for enablirtg tha hall to be used for a variety of purposes, at their discrgtion, within the Community. The Trustees have Continued to manage the Saltwood Almshouses, saltr0d Village H811 and the fallow land. The Trustees meet quarterty to plan work and manage the Charfty. ObJectiVgs and aGtlvltles Summary objective as per governing document To benefit the residents of Saliwood and the surrounding areas lo advance education and lo provide facilitie8 in the interests of social welfare for recreation and Eeisure time occupation wrih the objective of improving the nditions of life for the residents. The prevention or relief of poverty by providing social housing in the foTh of almshouse accommodation for persons who have resided in the district of Folkeslone, Hythe and Salthod for not less than 10 years preceding their application for residence and who from age, ilkhealth or accident are unable to maintain themselves by their ¢)wn exertions. The trustees have the power lo maintain and manage the Sa00d Willage Hall for adivities promgled by the charity in furtherance of the above objectives and for the public benefft of the community. Achievements and perfomiance Almshouses All eight almshouses have been occupied this year with no voids. As well as routine maintenance and checks lo all tho almshousos, major maintenance was undertaken to the windows of the tour properties in Grange Road. A Quinquennial Inspection was undertaken for all th& almshouses and this report 1$ being used lo plan forward maintenance. The Vlllage Hall The Quinqugnnial Inspection also included the Village Hall. Surveys lo the roof conclLtded that it is in need of replacement rather than just repair. The Iruslees have wmmlited lo have this work done in 2025 arKI are now seeking grants towards the cost of this major expenditure. Marketing activities have concentrated on more regular users of the hall as they promde a more dependable income. Occasional users include wedding receptions and the Mllage hall porch was r8decor81ed lo ensure that it looked ils bgst for such occa510n$. The hage alongside the Grange Road boundary had encroached on the pavement area and because of its generally poor condrtion, the trustees decided lo have il removed. This revealed problems with the boundary wall which has now been replaced and repaired where necessary. The trustees themselves ran events to raise fvnds for th8 village hall roof., an Open Day wlth demonstratlorts from groups that regularly use the hall and a local history talk and on Boxing Day refTeshrnenls were sold to those vi$iling SaI00d for the Boxing Day Run. Christmas lights were also instslled around the outside the hall and were officially swrtched on at the Carols on the Village Green event on 18 December. Page 2
THE ROBERT THOMPSON CHARMES AT SALTWOOD KENT TRUSTEES. REPORT ICONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 Achievementy and perfom)ance Icontinuedl Fallow Land The overgrown yew trees along Rectory Lane were pruned, and the trees along the fallow land were cleared of dead branches to ensure the safety of the ScoLrts who use the area (under licencel for their actwilies. Govèrnance Mrs Allison Swonnell was welcomed as a new member of the Board of Trustees. The policies 8nd procgdures that guide th¢ ¢harty or¢ wiewed regularfy and updated in line with any changes lo legislation. The trustees confim they have Tun the Robert Thompson Charities in accordance with its goveTning document and with due regar(I lo all relevanllggislation. Plans for 2025 The replacement of the vlllage hall roof will be a prlm8ry fcÈus for the charity In the coming year. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charty has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of thg going concem basis can be found in the accounting policies. Ro$9ry0$ policy Consistent wth Almshouse Association advice the Charity holds allocated Extraordinary pair and Cyclical maintenance funds.. one for cyclical maintenance to meet the costs of ordinary repair and maintenance rtems that ¢ur at infrequent bul relatively regu18T interyals- and one for extraordinary repairs such the installation of a new heating system. whole renovations of the almshouses, roof maintenance or other exceptional items. The trustees, aim is that these funds shguld not exceed the total held in $h and pooled investment funds. In addf(ion, the charity holds general reseryes which largely constitute the book value of tho propftrty and its conlenls. The Tnjstees are mindlul that both the Village Hall and the Almshouses need equal attention and rinancial consideration for ongoing maintenance to cover both. Financial Review Compared wf(h the extensive renovations completed in previous years, expenditure in 2024 was relativety modest. The Iruslees, policy is to complete major renovations to the almshouses when they fall vacant and there were no voids in 2024. As a resuh. the challty had a surplus of £13.399 for the year compared to a deficit of £20,451 in 2023. Total reserves sland al £1,964,422 (2023 - £1.951,0231. of which £23.49812023 - £17.248) is considered to be 'Yree" reserves with no reslriclion or designated putpose. Page 3
THE ROBERT ThOMPSON CHARITIES AT SALTWOOD KENT TRUSTEES. REPORT ICONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2024 Structure. governance and managomgnt Constltutlon Th? Robgrt Thompson CharfÉies at Sa00d Kent is a registered charity, number 1194270, and is consliluled undeT a CIO Foundation. Methods of appolntmgnt or algctlon of Tru$t8e5 The management of the chafty is the responsibility of the Tru$tg9s who are elocted and COwOPted under the ternis of the CIO Foundation. Financlal risk management The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity. and are satisfied that systems and procedures are in place to mitig*e exposure to the major risks. ststement of Trustees. responslbllltles The Trustees are responsible for preparing the Trustees, report and the financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom GeneTally ACpIed Accounting Practice}. The law applicable to Gharities in England & Wales requires the TrtJstee5 to pfepars finan¢ial statements for each financial year which give a true and fair view of the state of affairs of Ihe charity and of its incoming resources and application of resources, including its income and expenditure. for that period. In preparing these financial statements, the TTuslees are required lo- select suitable accounting policies and then apply them consislenlly., obseNe the methods and principles of the Charities SORP IFRS 1021., make judgements and a¢¢ounting estimates that are reasonable and pnjdenl., slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial stalemenls., prepare the financial statomgnts on the going concem basi$ unte$$ k 1$ Inappropriate to presume that the charity will continue in business. The Trustees are rgsponsible for keeping adequate accounting reeords that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy al any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. the Charity IA¢counts and Reports) Regulations 2008 and the provlsions of the CIO Foundation. They are also responsible for safeguarding the assets of the Gharity and hence for taking reasonoble slws for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Ttuslees and signed on their behalf by.. Miss S J Carey ChaiTman Date.. 7 August 2025 Page 4
THE ROBERT THOMPSON CHARITIES AT SALTWOOD KENT INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent examiner's report to the Trustee$ of The Robert Thompson Charities at Saltwood Kent I'the charlty'l I report lo the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024. Responslbllltles and basls of report As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe 2011 Acl'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Direction5 given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examineffs statement Your attention is drawn to the fact that the charity ha5 prepared the accounts in accordance with Accounting and Reporting by Charities-. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities.. Statement of Recommended Practi issued on 1 April 2005 which is referred lo in the exlanl regulations bul has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effeelNe for reporting periods beginning on or after 1 JanLtary 2015. I have completed my examination. I confirm that no matters have come lo my allenlion in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act.. or the accounts do not accord with those records., or the accounts do not comply with the applieable requirements conceming the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair, view which is not a maller considered as part of an independent examinab'on. I have no concems and have come across no other matters in connection wth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. This report is made 501ely lo the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale lo the charity's Trustees those matters l am required lo slate lo them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report. Signed. Dated.. 4 September 2025 Andrew John Childs FCA Magee Gammon Corporate Limited, Henwood House, Henwood, Ashford, Kent, TN24 8DH Page 5
THE ROBERT THOMPSON CHARITIES AT SALTWOOD KENT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Restrlcted Unrostrictsd fund$ funds 2024 2024 Total funds 2024 Total fvnds 2023 Note Incomo from: Donations and legacies Charitsble activities Investments 7.621 7.621 63,680 2.988 300 65.737 2,713 63.680 2.988 Total Income 7.621 66.668 74.289 68,750 Expenditure on: Charitable activities 472 68.785 69.257 93.171 Total 9xpenditur8 472 68,78S 69.257 93,171 Net In¢omellexpenditurel before net galns on Investments Net gains on investments 7,149 (2.117} 8,367 5,032 8.367 (24,427) 3,970 Net movement In funds 7,149 6,250 13,399 (20,451J Reconclllatlon of funds: Total funds brLwght foard Net movement in fvnds 200 7,149 1.950.823 1,951.023 13.399 1,971,474 (20,451) Totsl funds carrled forniard 7,349 1,957,073 1.984.422 1,951,023 Tha Stslement of financial activf(ies includes all gains and losses recognised in the year. The notes on page5 8 10 20 fomi part of these financial statements. Paye 6
THE ROBERT THOMPSON CHARJTIES AT SALTWOOD KENT BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Fixed assets Tangible assets Investments 10 11 1.759,695 120.077 1, 768,575 111,710 1,879.772 1,880,285 Current assets Debtors Cash at bank and in hand 12 9,172 8S,998 8,093 68,089 95.170 76,182 Creditors: amounts falling due within one year 13 110.520> {5,444J Net current assgts 84.650 70,738 Totsl not assets 1.984.422 1.951,023 Charlty funds Restricted funds Unrestrided funds 15 15 7,349 1,957.073 200 1,950,823 Total funds 1,964,422 1.951.023 The financial statements were approved and aulhori$&d for issue by the Trustees and signed on their behall by.. Mis$ S J Carey Chaimian Date.. 7 August 2025 The notes on pages 8 to 20 fomi part of these financial statements. Page 7
THE ROBERT THOMPSON CHARITIES AT SALTWOOD KENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General Information The Robert Thompson Chari(ies al SaI00d Kent is a charity registered in England and Wales under charity number 1194270. The registered office of the charty is Henwood House, Henwood. Ashford. Kent. TN24 8DH. Accountlng poliGie5 2.1 Basls of Prgparation of financial statements The financia5 statements have been prepared In accordance w¢th the Charities SORP (FRS 102} - Accounting and Reporting by Charrties.. Stslement of Recommended Practice applicable to ¢harf(ies preparing their accounts in accordance with the Financial Reporting Standard 8ppli¢able in the UK and Republie of Ireland IFRS 1021 leffective 1 Jarkuary 20191. the Financial Repon9 Standard appltcable in the UK and Republic of Ireland {FRS 1021 and the Charities Ad 2011. The financial slalemenls have been prepared lo give a Irue and faiv view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent Tequired to provide a Irue and fairf view. This departure ha$ involved following the Chaiities SORP IFRS 1021 published in Octobef 2019 rather than the Accounting and Reporting by Charitie5- Stslemenl of Recommended Practice effective from 1 April 2005 which ha5 since been withdrawn. The Robert Thompson Charities at Saltwood Kent meets the definition of a public benefil entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othenwise slated in the relevant accounting polw. 2.2 Income All income is recogni$6d once the charity has entitlement lo tha income, it is probable that the income will be received and the amount of income recewable can be measured reliabty. Grants are included in the SL*emenl of financial activities on a reNable basis. The balance of income received for specrfic PUTposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advanGe of entitlement of receipt, sts recognition is deferred and included in creditors as deferred incom8. Where entitlement occurs before income is received, the income is acGrued. Where the donated good is a fixed asset. il Is measured at fair value, unless rt is impractical to measure this reliabty. in which case the cost of the f(em lo the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic lrfe in accoTdance with the charity's accounting pollcies. On receipt. donated Professional services and facilsties are recognised on the basis of Ihe value of the gfft to the charty which is the amount r( would have been willing lo pay to obtain services or facilities of equivalent economic benefit on the open markeL a corresponding amount Is then recognised in expenditure in the period of receipt. Incom8 lax fecoverable in relation to investment income is recognised at the time the investment income is receivabl&. Pag$ 8
THE ROBERT THOMPSON CHARITIES AT SALTWOOD KENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policles {contfnugdl 2.3 Expanditurn Expenditure is recognised once there is a legal or constructive obligation to Iransler economic benef to a third paty. it is probable that a transfer of èconomic benefrts will be required in settlement and the amount of the obligation can be moasuTed reliabty. Expenditure is classified by activity. The cost5 of each actmty are made up of the total of direct wsts and shared cost5, including support costs involved in undertaking each activity. Direct costs attributable lo a single aclwity are allocated directly to that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable to a single adivity are apportioned between those activities on a basis con51Stenl with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of tho asset's use. ExpendituTr on charitable actNities is incutted on directly undertaking the activities which further the choritys objectives, as well as any assttiated support costs. All expenditure is inclusive of irre¢ov¢rabl¢ VAT. 2.4 Interest r8Geivabl¢ Interest on fvnds held on deposit 15 induded when recelvable and the amount can be measured reliably by the charity; this is ntsmal upon noliftcalion of the interest paid or payable by the institution th whcin the funds are deposited. 2.5 Tanglble fixed assots and depreclatlon Tangible fixod assets C05ting £500 or more are capitalised and recognised when future economic benefrts are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognttion. under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any a¢cumulaled irnpaitmenl losses. All costs incurred lo bring a tangible fixed a55el 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 Qvor their estimated useful lives, ijsing the most appropriate basi5.. Deprecialion is pmwded on the following bases.. Freehold property - Not depreciated Freehold property improvements- 10 /0 straight line Fixtures and fittings 25% reducing balance The assets, residual values, useful lives and depreciation methods are rgviwed. and adjusted pr05peclively rf appropriate, or rf there is an indication of a significant change since the last reporting date. The freeholLI property is considered lo hava a residual value al least equal to ¢o$l and hence ng depreciation is provideil. 2.6 Investments Fixed a5sel irwestments are a fomi of financial instrument and are initially recogni$ed at their transaction cost and subsequently measured al fair value at the Balan Sheet date, unless th8 value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Losses} on investments, in the Statement of financial actniities. Page 9
THE ROBERT THOMPSON CHARITIES AT SALTWOOD KENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollclès Icontlnuedl 2.7 Debtors Trade and other debtOTS are recognised al the settlement amount after any trade discount offered. Prepayments are valued at the amount prep8id net of any trada discounts due. 2.8 Cash at bankand In hand Cash al bank and in hand indudes cash and short-lern hlghty l¢quid investments with a short maturty of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.9 LlabllStSes and provlslons Liabilities are recognised when there 15 an obligation at the Bal8nce sheet date as a resu of a past event, rt is probable that a transfer of economlc benefit w(11 be required in settlemenl, and the amount ol the settlement can be estimated reliably. Liabilities are Tecognised al the amount that the ¢hafity anticipates it will pay lo setue the debt or tho amount it has receNed as adv?n¢ed payments for the goods OT services f( must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of Ihe lime value of money is material. the provision is based on the present value of those amounts. discounted al the PTe-lax discount rate that refie¢ts the rtsks specrfic lo the liability. The unwin(iing of the discount is recognised in the Stslement of financial activities as a finance cost. 2.10 Flnanclal instruments The charity On has financial ass&l$ and financial liabilities of a kind that qualfy as basic financial instruments. Basic financial instruments are initially recognised al transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequent measured at amorti8ed cost using Ihg effective interest method. 2.11 Fund accountlng Gengral funds are unrestricted funds which arg available for use at the dIretIOn of the Trustees in furtherance of the 9on¢ral objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been 591 asi(fe by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial slalemenls. Restrieted funds are funds which are to be used in accordance with specrfic reslriclions irnposed by donoTS OT whlch have been raised by the chaTty for particular purposes. The costs of roising and administerin9 such funds are charged against Ihe specific fund. The aim and use of oath reslricled fijnd is sot QLrt in the notes lo the financial statements. Investrnenl incomg, gains and losses are allocated lo the appropriate fund. Page 10
THE ROBERT THOMPSON CHARITIES AT SALTWOOD KENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donatlons and logaclgs Restricted Unrestrlded funds funds 2024 2024 Totsl funds 2024 Tol81 funds 2023 Donations Grants 2.149 5,472 2,149 5.472 100 200 7,621 7,621 300 Total 2023 200 100 300 Incomè from charltable actlvltles Unrestricted funds 2024 Total funds 2024 Total runds 2023 Almshouses Village hall 49,104 14,576 49,104 14,576 44,480 21,25r 63,680 63,680 65.737 Total 2023 65,737 65,737 Investment income Unrestrlcted funds 2024 Total tund5 2024 Total fvnd$ 2023 Listed investments incomo Bank interest received 1,177 1.811 1.177 1.811 1,112 1.607 2.988 2,988 2.713 Total 2023 2. 7t3 2,713 Pagg 11
THE ROBERT THOMPSON CHARMES AT SALTWOOD KENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analys18 of expendlturo on ¢harltablg actlvltles Summary by fund type Restrlcted Unrestrfcted fuDd$ funds 2024 2024 Total 2024 Total 2023 Almshouses Village hall 472 35,432 33,353 35.904 33.353 54.350 38,821 472 68,78S 69.257 93,171 Total 2023 93, 171 93.171 Analysls of expendlture by actlvltles Actlvltles undertaken directty 2024 Support costs 2024 T<>tal funds 2024 Total fvnds 2023 Alm$house$ Village hall 29,488 26,941 6,416 6,412 35,904 33,353 54,350 38.821 56,429 12,828 69,257 93. 171 Total 2023 80,963 12,208 93,171 Page 12
THE ROBERT THOMPSON CHARrriES AT SALTWOOD KENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analy$l$ of expendltuie by actlvltles Icontlnued) Analysls of dSTect costs Total funds 2024 Tol81 funds 2023 Almshouses Vlllage hall 2024 2024 Depreciation and ID5S on disposal of assets Ulililies Insurance Repairs and maintenance Caretaking Gardening Window cleaning Hall admini5tratlDn Telephone and broadband Subscriptions 586 9,526 2,512 3,613 20,806 5,202 9.951 2,327 4,257 45,231 5,265 8,047 170 4.233 23 1,296 14,209 2,489 2,317 6,597 5,202 3,499 190 4,915 352 794 4,441 40 230 4,915 352 1,333 539 I,Q73 29,488 26,941 56.429 80,963 Analysls of support costs Total funds 2024 Total funds 2023 Almshousès Vlllage hall 2024 2024 Clerk services Independent Examinerfs fees Trustees insurance Office costs 4,874 1,091 160 291 4,873 1.091 158 290 9,747 2.182 318 581 8.953 1,844 320 1,091 6,416 6,412 12.828 12.208 Indopendent examlnerfs remuneratlon The independent examinerfs remuneration amounls to an independent examiner fee of £2,182 (2023 - £1,844). Page 13
THE ROBERT THOMPSON CHARrriES AT SALTWOOD KENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees. remunoration and oxpgnses During the year. no Tru$lo05 received any remuneration or othèr beneffts (2023- £NIL). During the year ended 31 December 2024, no Trustee expenses have been in¢urred f2023- £NIL). 10. Tanglblo fixgd assots Freehold Fixture5 and prop?rty fittings Total Cost or valuation Al 1 January 2024 Additions 1,760.985 24,423 1.785,408 Al 31 December 2024 1,760,985 25,069 1,786,054 Depreclatlon At 1 January 2024 Charge for the year 9,655 5,051 7,178 4.475 16,833 9.526 Al 31 December 2024 14,706 11,653 26.359 Net book valug Al 31 December 2024 1,746.279 13A16 1.759,695 At 31 December2023 1,751,330 77,245 1,768,575 11. Flxed asset Investments Usted Investments Ct)st or valuation At 1 January2024 Revaluations 8.367 At 31 December 2024 120.077 Page 14
THE ROBERT THOMPSON CHARITIES AT SALTWOOD KENT NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Debtors 2024 2023 Due wlthln one year Trade debtor8 PTepaymenls and accrued Income 2,786 6,386 5.045 3,048 9,172 8,093 13. Croditors: Amounts falllng dug wlthln ono year 2024 2023 other creétiors Accruals and deferred income 4.850 S,670 4,444 10,520 5,444 14. Flnanclal Instruments 2024 2023 Financial assets Financial assets measured at fair value Ihfough income and expendiluTe 85,998 68,089 Financial assets measured at faiT value through income and expenditure ¢omprise bank and ¢a$h balances. Paye 15
THE ROBERT THOMPSON CHARrriES AT SALTWOOD KENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 15. Statement of funds statement offund$- Gurrgnt year Balance at 31 Galnsl DecBrnbeT ILossg$1 2024 Balance at 1 January 2024 Transfgrs Inlout Income Expendlture Unrestrlcted fvnds Deslgnated funds Extraordinary Repair Fund C11¢¥1 Maintenance Fund 130.000 130,000 35,000 12,5601 2,560 35.000 165.000 12,5601 2,560 165.000 General funds General Fund Fixed Asset Fund 17,248 66,668 166.225) 12.560} B,367 23N98 1,768,575 1.768.575 1.785.823 66,688 {86,2251 {2.560 8.367 1.792.073 Total Unrestricted fund$ 1,950,823 66.668 {68.7851 8,367 1,957.073 Restricted funds Folkeslone & Hythe District Council Kent County Council Roger De Haan Trust New Roof Fund 200 472 {4721 5,000 2.149 2.149 200 7.621 14721 Total of fvnds 1.9S1.023 74,289 169,2571 8,367 1.964,422 Page 16
THE ROBERT THOMPSON CHARITIES AT SALTWOOD KENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 15. Statgment of fund$ Icontlnugdl Statoment of tunds- prior year Balance at 31 December 2023 Balance al 1 Jsnuary 2023 Trdnsfers in/oul Gain21 (Lossgs) Income Expenditure UnTestrl¢ted funds Deslgnated funds Extraordinary Repair Fund Cyclical MaintenanGe Fund 130,000 130.000 35,000 (17,429) 17,429 34000 165,000 (17.429) 17.429 165,000 Gèneral funds General Fund 36,662 68,550 {75, 742) (16, 192) 3,g70 17.248 Fixed As$8t Fund 1, 769,812 (1,237) 1. 768,575 1,806.474 68,550 (75.742) (17,429) 3,970 1, 785,823 Totsl Unrestrictsd funds 7.971.474 (93,171J 3.970 1,950,823 Restrlcted funds Folkestone & Hyihe District Counul 200 200 Totsl of funds 1,971.474 68, 750 (93, 171J 3,970 1.951,023 Page 17
THE ROBERT THOMPSON CHARITIES AT SALTWOOD KENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Surnmary of funds Summary of funds. ¢urrgnt year Balance at 31 Galnsl DgC9mber (Losses) 2024 Balance at 1 January 2024 Transfers Inlout Income Expenditure Designated funds General funds Rftstrt¢led funds 165,000 1,785.823 200 {2,5601 166.225} 1472) 2,560 {2,560) 165.000 1,792,073 66,668 7.621 8,367 1,951,023 74.289 {69,2571 8,367 1,964N22 Summary of fund5 - prior year Balance al 31 December 2023 Balance al 7 J811U8ry 2023 Transfe in/oul Gainsl (Lc)sses) Income Expgndilu Designatod funds General funds Reslrictod fvnds 165,000 1,806.474 {17,429) (75, 742) 17.429 f17,429) 165,OOQ 1.785.823 200 68,550 2tXI 3,970 1,971.474 68, 750 (93, 171) 3,970 1,951,023 Page 18
THE ROBERT THOMPSON CHARITIES AT SALTWOOD KENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17. Analysis of net assets between funds Analysis of not assats between funds- current perlod Restrlctsd Unrestri¢t8d funds funds 2024 2024 Total funds 2024 Tangible fixed assets Fixed asset inveslmenls Current assets Cr8ditors due within one year 1,759,695 120,077 87.821 110,520) 1,759,695 120,077 96.170 (10.520) 7.349 Total 7.349 1.957,073 1,964.422 Analysls of net assets between funds- prior period Restricted Unreslticled funds funds 2023 2023 To181 funds 2023 Tangible fixèd assets Fixed asset inveslment5 Current assets Creditors due within one year 1.768,575 111,710 75,982 (5,444) 1, 768,575 111,710 76, 182 (5.444) 200 Total 200 1.g50.823 1,951,023 Pa98 19
THE ROBERT THOMPSON cHARlEs AT SALTWOOD KENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 18. Unreslrlded tunds The General Fund represents tho ftee funds of the charity which are not designated for a particular purpose. The Fixed Asset Fund represents the carying value of fixed assets which cannot be readily cAJnverted Into cash. This includes the freehold properties. Tho Cyclical Maintenance Fund has been designalgd by the Iru5tees to meet the cost or ordinary items of ropair and maintenance which recur al infrequent but Trgular intervals. such as internal and extem81 rèdecoration. Transfers are made to the general fLtnd to cover relevant and from the general fund to maintain the fund al an adequate level as delemined by the ITUStees. Th8 Extraordinary Repair Fund has been desi9naled by the Irusleas lo cover major repairs and improvements, such as re-roofing or th& installation of a new heating system. Transfers are made to the general fund to cover relevant costs and from th& g8neral fund to maintain the fund al an adequate level as determined by the trustees. 19. Restrlcted funds The FoVKestone & Hylho District Council Fund represents a grant received towards the cost of mendlng the fencing wall on the Grange Road side of the village hall. The Kent County Council Fund represents a grant provlded to cover the cost of a fire proof h*h in th¢ Ila9e hall. The Roger De Haan Charitable Trust Fund represents a grant received towards the renewal of the roof on the Village Hall. The New Roof Fund represents donations made spe¢ificalty toward8 the renewal of the rIf on the Mllage hall. Related party transactions The charity has not enterèd into any related patty transactions during the year. There are no outs18nding balances owing ben related parties and the charity al 31 December 2024 (2023- £NILJ. Paye 20