Charity registration number: 1197324
**THE FOLKESTONE LEAS LIFT COMPANY CIO TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025**
Beresfords Chartered Certified Accountants 1-2 Rhodium Point Spindle Close Hawkinge, Folkestone Kent CT18 7TQ
## **The Folkestone Leas Lift Company CIO Contents**
||**Page**|
|---|---|
|Reference and Administrative Details|1|
|Trustees' Report|2—4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Comparative Statement of Financial Activities|7|
|Statement of Financial Position|8|
|Notes to the Financial Statements|9—15|
**The Folkestone Leas Lift Company CIO Reference and Administrative Details For The Year Ended 31 January 2025**
|**Trustees**|Ms C Beare - Chair|
|---|---|
||Mr T McGarry (appointed 28/04/2025)|
||Mr L Biggs (appointed 28/08/2024)|
||Ms R Knight (appointed 28/02/2024)|
||Mr A Coleman|
||Ms J Atkinson|
||Mr E Wealend|
||Mr D Hulme|
||Mr P Oetzmann|
||Mr J Walker-Osborn|
|**Charity Number**|1197324|
|**Principal Address**|The Workshop|
||32-40 Tontine Street|
||Folkestone|
||Kent|
||CT20 1JU|
|**Business**|The Workshop|
||32-40 Tontine Street|
||Folkestone|
||Kent|
||CT20 1JU|
|**Independent Examiner**|Daniel Payne FCCA|
||Beresfords|
||Chartered Certified Accountants|
||1-2 Rhodium Point|
||Spindle Close|
||Hawkinge, Folkestone|
||Kent|
||CT18 7TQ|
Page 1
**The Folkestone Leas Lift Company CIO Trustees' Report For The Year Ended 31 January 2025**
The trustees present their report and the financial statements for the year ended 31 January 2025.
## **Objectives and Activities**
## **Aims and Objectives**
Established in 2018 as a Community Interest Company (CIC) in response to the closing of the Lift by HSE in 2017, The Folkestone Leas Lift Company achieved charitable status in January 2022.
The Charity’s objectives, as set out in the governing document, are “For the public benefit, to restore, preserve, maintain, and operate the historic leas lift and its associated rolling stock, buildings and infrastructure to ensure that the water powered cliff side funicular railway continues to operate for the benefit of the local community and visitors to Folkestone and to advance the education of the public about the historic leas lift.”
The Lift is an important part of our industrial heritage. Historic England recommended the Lift for listing on the Heritage at Risk Register. Isabelle Ryan, Assistant Inspector, Historic England, April 2021 quotes: “It is one of only eight water balance cliff lifts in the country, of which only three operate using their original system. It retains its original engineering system, including its 1890 reciprocating pumps and the only working band brake in a funicular railway worldwide.”
The vision is to restore the Grade II* Leas Lift, a cliff funicular railway in Folkestone, to play a more significant role in the town, be recognised for its heritage significance and removed from Historic England’s Heritage at Risk Register. To deliver this a sustainable business model and funding is imperative.
## **Aims of the charity**
The charity's aims are to:
- restore the lift cars, waiting rooms, pump room, tanks, track, wheel houses and upper station tunnel and railways and re-open the lift to the public by meeting the requirements of the HSE and Mining Inspectorate
- make the upper and lower lift stations accessible
- bring the Lift back into use with 21st century facilities
- undertake oral history and ‘memories’ projects which will inform permanent interpretative displays telling the stories of the Lift – why it was built, the wider Victorian context, celebrating the engineering behind it, its significance within Folkestone as an iconic heritage site, both in the town’s heyday and today and the community’s memories
- deliver a programme of heritage engagement activities through outreach and on-site visits and activities, breaking down economic, physical and attitudinal barriers
- create 16 FTE permanent jobs, support apprentices; experience and placement opportunities for young people at school, college and university to enhance their employability
- minimise the carbon footprint
- ensure Leas Lift is resilient by developing a highly trained workforce, volunteer corps and sustainable business model.
Partnership support has been provided from the National Lottery Heritage Fund, Historic England, Wolfson Foundation, the Pilgrim Trust, the Foyle Foundation and various other national and regional foundations, Folkestone & Hythe District Council, Folkestone Town Council, Folkestone Harbour & Seafront Development Company, Folkestone Town Museum and the Library and Kent Coastal Volunteering.
## **Public Benefit**
Folkestone has a larger than average population of older people and there are six care, residential and nursing homes within a mile of the Lift. The project will actively engage these residents with their local heritage.
The project is named in Folkestone's COVID-19 recovery plans, as part of Folkestone & Hythe District Council’s Place, Economic and Heritage strategies, Creative Folkestone and Kent’s tourism strategies. It will offer a multitude of benefits for local people. As well as improving access to the seafront for people with all levels of mobility and reducing car journeys between the Leas and the seafront, it will attract more tourists to the area which, along with offering quick and easy access between the seafront and the town centre, will boost the local economy, benefitting local businesses, pubs and restaurants.
After a successful tender process Apex Contractors were appointed as the main contractor. The Lift site has transitioned to a construction site. Specially designed construction hoardings have been put in place to engage the community and create the wider site, alongside road closures. The cafe has moved to a container on an adjacent site.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
Page 2
## **The Folkestone Leas Lift Company CIO Trustees' Report (continued) For The Year Ended 31 January 2025**
## **Contribution made by volunteers**
Our Chair and 10 Trustees are volunteers, several of which donate significant hours, overall this team equates to a 1.5 full time equivalent role. Our volunteer network has expanded and now covers Oral History Project, Teachers Advisors Group and Youth Advisory Group. We receive professional volunteer input from finance and programme management as we progress with the refurbishment works on site.
## **Achievements and Performance**
## **Main Achievements**
In the 2024/2025 financial year, the charity achieved the following milestones towards the realisation of the Leas Lift restoration project:
- In March 2024 the CIO received the gift of freehold property from the Folkestone Estate.
- Having been successfully awarded the National Lottery heritage Fund grant of £4.9m the transfer of property allowed the charity to formally meet Permission to start and commence drawdown of funding.
- As a result of the successful tender process Apex Contractor commenced work on site under a 12 week PCSA in November 2024. Post year end, this migrated to full works contract covering the refurbishment and new extension.
## **Financial Review**
## **Financial Position**
Over the year unrestricted reserves increased from £242,652 to £251,759, representing an unrestricted surplus of £9,107 (2024 - £148,744). £99,150 of the unrestricted reserves have been designated to future expenditure and investment in the restoration and development project.
Restricted funds increased from £611,056 to £1,002,475 and are held for the specific purpose of the restoration and development project. Restricted funds include both the investment into the Heritage Asset as part of the project thus far and restricted funding received for future expenditure and investment.
Income and Expenditure projections for the charity indicate that reserves are adequate to fund the charity’s activities for at least the next year.
## **Reserves Policy**
The Trustees consider the appropriate level of free reserves should be maintained at a minimum of 3 months of expenditure incurred.
## **Structure, Governance and Management**
## **Governing Document**
The charity is governed by a CIO Foundation constitution adopted on first registrations with the Charity Commission on 4th January 2022.
The Folkestone Leas Lift Company CIC (company number 11145968) was closed on 4th January 2022 and converted to the new CIO.
## **Trustee Selection Methods**
Apart from the first charity trustees, every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees.
In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
Page 3
## **The Folkestone Leas Lift Company CIO Trustees' Report (continued) For The Year Ended 31 January 2025**
## **Statement of Trustees' Responsibilities**
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 Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Ms C Beare Trustee 29/11/2025
Page 4
## **The Folkestone Leas Lift Company CIO Independent Examiner's Report to the Trustees of The Folkestone Leas Lift Company CIO For The Year Ended 31 January 2025**
I report to the trustees on my examination of the accounts of The Folkestone Leas Lift Company CIO (the Trust) for the year ended 31 January 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 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent Examiner's Statement**
Since the Trust’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies.
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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and contents 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.
Daniel Payne FCCA 29/11/2025 Beresfords Chartered Certified Accountants 1-2 Rhodium Point Spindle Close Hawkinge, Folkestone Kent CT18 7TQ
Page 5
## **The Folkestone Leas Lift Company CIO Statement of Financial Activities For The Year Ended 31 January 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Other trading activities
**4**
Investments
**5**
Other
**6**
**EXPENDITURE ON:**
Raising funds
**8**
Charitable activities:
**8**
Restoration of the Folkestone Leas Lift
**NET INCOME**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**18**|**Unrestricted**
**funds**
**£**
17,712
-
7,684
39,230|**Restricted**
**funds**
**£**
468,937
-
-
-|**2025**
**Total**
**funds**
**£**
486,649
-
7,684
39,230|**2024**
**Total**
**funds**
**£**
525,643
14,696
69
89,365|
|---|---|---|---|---|
||64,626|468,937|533,563|629,773|
||-
(55,519)|-
(77,518)|-
(133,037)|(21,337)
(52,409)|
||(55,519)|(77,518)|(133,037)|(73,746)|
||9,107|391,419|400,526|556,027|
||9,107
242,652|391,419
611,056|400,526
853,708|556,027
297,681|
||251,759|1,002,475|1,254,234|853,708|
The notes on pages 9 to 15 form part of these financial statements.
Page 6
## **The Folkestone Leas Lift Company CIO Comparative Statement of Financial Activities For The Year Ended 31 January 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Other trading activities
**4**
Investments
**5**
Other
**6**
**EXPENDITURE ON:**
Raising funds
**8**
Charitable activities:
**8**
Restoration of the Folkestone Leas Lift
**NET INCOME**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**18**|**Unrestricted**
**funds**
**£**
91,491
14,696
69
89,365|**Restricted**
**funds**
**£**
434,152
-
-
-|**2024**
**Total**
**funds**
**£**
525,643
14,696
69
89,365|
|---|---|---|---|
||195,621|434,152|629,773|
||-
(46,877)|(21,337)
(5,532)|(21,337)
(52,409)|
||(46,877)|(26,869)|(73,746)|
||148,744|407,283|556,027|
||148,744
93,908|407,283
203,773|556,027
297,681|
||242,652|611,056|853,708|
The notes on pages 9 to 15 form part of these financial statements.
Page 7
## **The Folkestone Leas Lift Company CIO Statement of Financial Position As At 31 January 2025**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**13**
Heritage Assets
**14**
**CURRENT ASSETS**
Debtors
**15**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**16**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Restricted Funds
Unrestricted Funds
**TOTAL FUNDS**
**18**|**Unrestricted**
**funds**
**£**
-
11,842|**Restricted**
**funds**
**£**
7,660
657,007|**2025**
**Total**
**funds**
**£**
7,660
668,849|**2024**
**Total**
**funds**
**£**
664
368,290|
|---|---|---|---|---|
||11,842
38,994
235,306|664,667
15,015
357,107|676,509
54,009
592,413|368,954
118,789
471,193|
||274,300
(34,383)|372,122
(34,314)|646,422
(68,697)|589,982
(105,228)|
||239,917|337,808|577,725|484,754|
||251,759|1,002,475|1,254,234|853,708|
||251,759|1,002,475|1,254,234|853,708|
||||1,002,475
251,759|611,056
242,652|
||||1,254,234|853,708|
On behalf of the board
Ms C Beare Trustee 29/11/2025
The notes on pages 9 to 15 form part of these financial statements.
Page 8
**The Folkestone Leas Lift Company CIO Notes to the Financial Statements For The Year Ended 31 January 2025**
## 1. **General Information**
The Folkestone Leas Lift Company CIO is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1197324. The principal address is The Workshop, 32-40 Tontine Street, Folkestone, Kent, CT20 1JU.
## 2. **Accounting Policies**
## 2.1. **Basis of Preparation of Financial Statements**
The financial statements 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 charity is a Public Benefit Entity as defined by FRS 102.
## 2.2. **Incoming Resources**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## **Donations and legacies**
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## **Grants receivable**
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## 2.3. **Resources Expended**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## **Raising funds**
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## **Charitable activities**
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## 2.4. **Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10 years straight line Computer Equipment 5 years straight line
## 2.5. **Heritage Assets**
Heritage assets are measured at cost plus donated value of the asset. The main Heritage Asset is The Folkestone Leas Lift which is of cultural significance and once refurbishment is completed will be held at cost each year.
## 2.6. **Cash and Cash Equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
Page 9
## **The Folkestone Leas Lift Company CIO Notes to the Financial Statements (continued) For The Year Ended 31 January 2025**
## 3. **Income from Donations and Legacies**
|Donations and gifts
Gift aid
Grants
Other
Donations and gifts
Gift aid
Grants
Other
.
**Income from Other Trading Activities**
Fundraising events
.
**Investment Income**
Bank interest receivable
Other interest receivable
.
**Other Income**
Rental and other income from property
Electricity recharged|**Unrestricted**
**funds**
**£**
7,602
110
-
10,000|**Restricted**
**funds**
**£**
-
-
468,937
-|**2025**
**Total**
**funds**
**£**
7,602
110
468,937
10,000|
|---|---|---|---|
||17,712|468,937|486,649|
||**Unrestricted**
**funds**
**£**
85,103
5,388
1,000
-|**Restricted**
**funds**
**£**
-
-
434,152
-|**2024**
**Total**
**funds**
**£**
85,103
5,388
435,152
-|
||91,491|434,152|525,643|
|||**2025**
**Unrestricted**
**funds**
**£**
-|**2024**
**Unrestricted**
**funds**
**£**
14,696|
|||**2025**
**Unrestricted**
**funds**
**£**
7,676
8|**2024**
**Unrestricted**
**funds**
**£**
69
-|
|||7,684|69|
|||**2025**
**Unrestricted**
**funds**
**£**
30,326
8,904|**2024**
**Unrestricted**
**funds**
**£**
44,623
44,742|
|||39,230|89,365|
## 4. **Income from Other Trading Activities**
## 5. **Investment Income**
## 6. **Other Income**
Page 10
## **The Folkestone Leas Lift Company CIO Notes to the Financial Statements (continued) For The Year Ended 31 January 2025**
## 7. **Net Income/(Expenditure)**
The net income is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned
|**2025**|**2024**|
|---|---|
|**£**|**£**|
|775|181|
## 8. **Analysis of Expenditure**
|.
**Analysis of Expenditure**||||
|---|---|---|---|
|Restoration of the Folkestone Leas Lift
Raising funds
Restoration of the Folkestone Leas Lift|**Activities**
**undertaken**
**directly**
**£**
3,337
-|**Support**
**costs**
(see note 9)
**£**
18,000
52,409|**2025**
**Support**
**costs**
(see note 9)
**£**
133,037|
||||**2024**
**Total**
**£**
21,337
52,409|
||3,337|70,409|73,746|
## 9. **Support Costs**
|.
**Support Costs**||||
|---|---|---|---|
|Employee costs
Premises expenses
General administration
Depreciation
Governance costs
Premises expenses
General administration
Depreciation
Governance costs|**Raising**
**funds**
**£**
-
18,000
-
-|**Restoration**
**of the**
**Folkestone**
**Leas Lift**
**£**
44,742
6,486
181
1,000|**2025**
**Restoration**
**of the**
**Folkestone**
**Leas Lift**
**£**
71,769
10,927
48,566
775
1,000|
||||133,037|
||||**2024**
**Total**
**£**
44,742
24,486
181
1,000|
||18,000|52,409|70,409|
Page 11
## **The Folkestone Leas Lift Company CIO Notes to the Financial Statements (continued) For The Year Ended 31 January 2025**
## 10. **Independent Examiner's Remuneration**
|10.
**Independent Examiner's Remuneration**|||
|---|---|---|
|Independent examination of the financial statements
11.
**Staff Costs**
Staff costs were as follows:
Wages and salaries
Social security costs
Other pension costs|**2025**
**£**
1,000
**2025**
**£**
68,817
1,015
1,350
71,182|**2024**
**£**
1,000|
|||**2024**
**£**
-
-
-|
|||-|
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
## 12. **Average Number of Employees**
Average number of employees during the year was: 3 (2024: NIL)
13. **Tangible Assets**
|**Cost**
As at 1 February 2024
Additions
As at 31 January 2025
**Depreciation**
As at 1 February 2024
Provided during the period
As at 31 January 2025
**Net Book Value**
As at 31 January 2025
As at 1 February 2024|**Plant &**
**Machinery**
**£**
-
6,775|**Computer**
**Equipment**
**£**
905
997|**Total**
**£**
905
7,772|
|---|---|---|---|
||6,775|1,902|8,677|
||-
395|241
381|241
776|
||395|622|1,017|
||6,380|1,280|7,660|
||-|664|664|
14. **Heritage Assets**
|4.
**Heritage Assets**||
|---|---|
|**Cost**
As at 1 February 2024
Additions
As at 31 January 2025
**Net Book Value**
As at 31 January 2025
As at 1 February 2024|**Buildings**
**£**
368,290
300,559|
||668,849|
||668,849|
||368,290|
Page 12
## **The Folkestone Leas Lift Company CIO Notes to the Financial Statements (continued) For The Year Ended 31 January 2025**
The table below displays the five-year summary of heritage assets transactions recognised on the balance sheet:
|**Acquisitions**
Buildings
15.
**Debtors**
**Due within one year**
Trade debtors
Other debtors
16.
**Creditors: Amounts Falling Due Within One Year**
Trade creditors
Taxation and social security
Accruals and deferred income||**2025**
**£**
300,559|**2024**
**£**
229,379|
|---|---|---|---|
|||**2025**
**£**
854
53,155
54,009
**2025**
**£**
35,428
2,933
30,336
68,697|**2024**
**£**
11,146
107,643|
||||118,789|
||||**2024**
**£**
84,600
-
20,628|
||||105,228|
## 17. **Pension Commitments**
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.
During the year the charge to the statement of financial activities in respect of defined contribution schemes was £1,350 (2024: £0).
At the statement of financial position date contributions of £NIL were due to the fund and are included in creditors.
## 18. **Movement in Funds**
|**Unrestricted funds**
General:
General unrestricted fund
Designated:
Designated fund
**Total unrestricted funds**
**Restricted funds**
Architectural Heritage Fund
National Lottery Heritage Fund
Folkestone and Hythe District Council
Ian M Foulerton Trust
Garfield Weston Foundation
The Headley Trust|**As at 1**
**February**
**2024**
**£**
125,850
116,802|**Income**
**£**
63,278
1,348|**Expenditure**
**£**
(36,519)
(19,000)|**As at 31**
**January**
**2025**
**£**
152,609
99,150
251,759
57,472
557,724
56,660
-
85,000
3,647
...CONTINUED|
|---|---|---|---|---|
||242,652|64,626|(55,519)||
||57,472
360,112
56,660
4,165
85,000
3,647|-
265,993
-
-
-
-|-
(68,381)
-
(4,165)
-
-||
Page 13
## **The Folkestone Leas Lift Company CIO Notes to the Financial Statements (continued) For The Year Ended 31 January 2025**
|Swire Charitable Trust
Kent Community Foundation
Aurelius Charitable Trust
Roger De Haan Charitable Trust
The Foyle Foundation
Brake Charitable Trust
The Pilgrim Trust
Historic England
**Total restricted funds**
**Total funds**
**Unrestricted funds**
General:
General unrestricted fund
Designated:
Designated fund
**Total unrestricted funds**
**Restricted funds**
Architectural Heritage Fund
National Lottery Heritage Fund
Folkestone and Hythe District Council
Pamela Champion Trust
Ian M Foulerton Trust
Garfield Weston Foundation
The Headley Trust
Kent County Council
Swire Charitable Trust
Kent Community Foundation
**Total restricted funds**
**Total funds**|**As at 1**
**February**
**2023**
**£**
88,908
5,000|40,000
4,000
-
-
-
-
-
-|-
-
4,000
20,000
29,000
20,000
30,000
99,944|-
(4,000)
-
-
-
(972)
-
-|40,000
-
4,000
20,000
29,000
19,028
30,000
99,944|
|---|---|---|---|---|---|
|||611,056|468,937|(77,518)|1,002,475|
|||||||
|||853,708|533,563|(133,037)|1,254,234|
|||**Income**
**£**
102,885
92,736|**Expenditure**
**£**
(46,877)
-|**Transfers**
**£**
(19,066)
19,066|**As at 31**
**January**
**2024**
**£**
125,850
116,802|
||93,908|195,621|(46,877)|-|242,652|
||29,553
117,560
56,660
-
-
-
-
-
-
-|27,919
242,733
-
1,000
8,000
85,000
25,000
500
40,000
4,000|-
(181)
-
(1,000)
(3,835)
-
(21,353)
(500)
-
-|-
-
-
-
-
-
-
-
-
-|57,472
360,112
56,660
-
4,165
85,000
3,647
-
40,000
4,000|
||203,773|434,152|(26,869)|-|611,056|
|||||||
||297,681|629,773|(73,746)|-|853,708|
## 19. **Transactions with Trustees**
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
Page 14
**The Folkestone Leas Lift Company CIO Notes to the Financial Statements (continued) For The Year Ended 31 January 2025**
## 20. **Related Party Disclosures**
There have been no related party transactions in the reporting period that require disclosure.
Page 15