Charity No: 205894
THE SANDWICH UNITED CHARITY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
THE SANDWICH UNITED CHARITY
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
INDEX
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1-2 Report of the Trustees
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3 Report of the Independent Examiner
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4 Receipts and Payments Accounts
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5 Statement of Assets and Liabilities
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6-7 Notes to the Financial Statements
THE SANDWICH UNITED CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
| 1 | NAME OF CHARITY | : | THE SANDWICH UNITED CHARITY |
|---|---|---|---|
| 2 | REGISTRATION NO | : | 205894 |
| 3 | GOVERNING INSTRUMENT | : | Scheme of 22nd November 1995 |
| 4 | OBJECTS | : | To apply the income generated by donations, legacies, |
| investments etc from each of the funds of the Charity for the | |||
| benefit of their respective Hospitalians, Almshouses and Chapel. | |||
| The provision of almshouses for poor people resident in | |||
| Sandwich and the adjoining parishes and the provision of | |||
| benefits for the residents of the almshouses. | |||
| 5 | CURRENT TRUSTEES | : | Mr P G Graeme M.B.E, J.P. (Chairman) (appointed 12 March |
| 2000) | |||
| Mr R A Daw (Vice Chairman) (appointed 1 November 2014) | |||
| Dr F Andrews (appointed 12 March 2005, resigned May 2025) | |||
| Mrs M A Russell (appointed 30 April 2014) | |||
| Mr G H Connor (appointed 1 September 2017) | |||
| Mr D Friend (appointed 20 May 2018) | |||
| Mr A Ponting (appointed 28 January 2021) | |||
| Mrs AJ Hollobon-Baxter (appointed 1 January 2021) | |||
| Mrs S Graeme (appointed 22 July 2021) | |||
| Mr H Sampson (appointed 14 October 2021) | |||
| Mr P J S Harris (appointed 30 January 2025) | |||
| The body of trustees shall consist of 11 co-opted members. Every matter shall be determined by the | |||
| majority of votes of the trustees present and voting on the question. In the case of equality of votes the | |||
| chairman of the meeting shall have a casting vote. | |||
| 6 | CLERK | : | Mrs Andrea Kelly |
| The Sandwich United Charity | |||
| Sneller House, 19/21 Cattle Market | |||
| Sandwich, Kent CT13 9AP | |||
| 7 | ACCOUNTANTS | : | McCabe Ford Williams |
| Charlton House | |||
| Dour Street | |||
| Dover, Kent CT16 1BL | |||
| 8 | INVESTMENT ADVISORS: | CCLA | |
| Senator House | |||
| 85 Victoria Street | |||
| LONDON | |||
| EC4V 4ET | |||
| 9 | The Trustees have had regard to the Charity Commission guidance on public benefit and have carried out a | ||
| review of public benefit provided by the Charity, which has been discussed and approved. |
- 10 The Trustees have continued to spend the bulk of the income from the Charity, together with maintenance charge, on the maintenance and running costs of the Almshouses at St Bartholomew's and St Thomas' and the Chapel at St Barts. Where stipulated, income has been paid to the Hospitalians in accordance with the terms of the various Trusts.
Page 1
THE SANDWICH UNITED CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 (CONTINUED)
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11 The land owned by the Charity is occupied and rent reviews took place in 2019.
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12 The weekly maintenance charge is reviewed annually, this year raising £116,175 (2024- £122,219). All Almhouses are occupied and the rolling programme of repairs and maintenance is largely funded by the weekly maintenance charge.
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13 The weekly maintenance charge, which is reviewed annually, has this financial year easily funded any dayto-day maintenance and repairs and will continue to fund our planned maintenance and outside redecoration programme. These funds needed to be spent and have been found from within the Charity’s resources. All the properties on both estates are now refurbished to a very acceptable level and the Trustees are keen that this should continue and all properties will be monitored closely in the coming year.
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Two properties have become vacant in late 2025. The trustees have decided that following a generous legacy that toilet and kitchen facilities should be installed in the Chapel. These works are scheduled for early 2026 and the refurbishment of the two properties again should be completed early 2026.
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14 The Trustees have traditionally undertaken an annual visual inspection during the year. Minor items came to light and action is taken to remedy any faults expeditiously. An annual rolling programme of painting and general upkeep continues. Additionally, whenever a property becomes vacant, the opportunity is taken to replace and refurbish obsolete or redundant equipment.
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15 The major risks to which the Charity is exposed have been reviewed and systems have been established to mitigate those risks.
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16 Sufficient reserves are held to enable the Trustees to apply the income of the charity to management expenses, ordinary maintenance of the Charity’s properties and extraordinary repair, improvement or rebuilding of the properties. Subject to these payments the trustees shall apply the income of the Charity for the benefit of the residents in the Almshouses as they see fit from time to time. The free reserves held at 31 December 2025 amounted to £2,410,146 (2024 – £2,465,099).
P G Graeme, Trustee
R A Daw, Trustee
Date: 30 April 2026
Page 2
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE SANDWICH UNITED CHARITY
I report to the trustees on my examination of the accounts of The Sandwich United Charity for the year ended 31 December 2025 set out on pages four to seven.
Responsibilities and basis of report
As the charity trustees 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 Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
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:
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Accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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The accounts do not accord with those records; or
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.
JOHN SHEATHER FCA MCCABE FORD WILLIAMS CHARTERED ACCOUNTANTS CHARLTON HOUSE DOUR STREET DOVER KENT CT16 1BL
Date: 8 May 2026
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THE SANDWICH UNITED CHARITY
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025
| Total | Total | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Funds | Funds | |
| Funds | Funds | 2025 | 2024 | |
| £ | £ | £ | £ | |
| RECEIPTS: | ||||
| Collections | - | 1,187 | 1,187 | 1,670 |
| Donations | - | - | - | 810 |
| Legacy | - | 28,857 | 28,857 | 46,211 |
| Dividends | 38,587 | 628 | 39,215 | 38,185 |
| Rent | 12,668 | - | 12,668 | 12,452 |
| Maintenance charges | 116,175 | - | 116,175 | 122,219 |
| St Bart’s Day lunch | 120 | 150 | 270 | 193 |
| Wayleave | - | 72 | 72 | - |
| Interment fees | 146 | 52 | 198 | - |
| ────── | ────── | ────── | ────── | |
| TOTAL RECEIPTS | 167,696 | 30,946 | 198,642 | 221,740 |
| ══════ | ══════ | ══════ | ══════ | |
| PAYMENTS: | ||||
| Maintenance and repairs | 87,081 | 29,789 | 116,870 | 57,743 |
| Rates and water | 12,224 | - | 12,224 | 9,572 |
| Insurances | 10,140 | - | 10,140 | 5,359 |
| St Bart’s Day lunch | 88 | 442 | 530 | 499 |
| Office expenses | 2,172 | - | 2,172 | 4,920 |
| Almshouse association subscription | 620 | - | 620 | 1,181 |
| Stipends – Christmas | 2,850 | - | 2,850 | 3,075 |
| Stipends – Matron and master | 1,500 | - | 1,500 | 1,350 |
| Stipends – Chaplains | - | 4,000 | 4,000 | 4,000 |
| Postage and stationery | 34 | - | 34 | 591 |
| Light and heat | 30 | 615 | 645 | 475 |
| Organ playing | - | 1,752 | 1,752 | 1,075 |
| Communion | - | 480 | 480 | 480 |
| Books, etc | - | 1,891 | 1,891 | - |
| Miscellaneous | 987 | 41 | 1,028 | 953 |
| Salaries | 17,026 | - | 17,026 | 12,799 |
| Payroll services costs | 635 | - | 635 | 531 |
| Independent examiner’s fee | 1,068 | - | 1,068 | 1,050 |
| Legal and professional fees | - | 3,656 | 3,656 | 1,742 |
| Donations | - | - | - | 100 |
| ────── | ────── | ─────── | ───── | |
| 136,455 | 42,666 | 179,121 | 107,495 | |
| Asset and investment purchases | - | - | - | 100,000 |
| ────── | ────── | ─────── | ───── | |
| TOTAL PAYMENTS | 136,455 | 42,666 | 179,121 | 207,495 |
| ══════ | ══════ | ═══════ | ═════ | |
| Net (payments) / receipts | 31,241 | (11,720) | 19,521 | 14,245 |
| Bank balances brought forward | 54,414 | 94,038 | 148,452 | 134,207 |
| ────── | ────── | ────── | ───── | |
| Bank balances carried forward | 85,655 | 82,318 | 167,973 | 148,452 |
| ══════ | ══════ | ══════ | ═════ |
Page 4
THE SANDWICH UNITED CHARITY
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2025
| Total | Total | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Funds | Funds | |
| Funds | Funds | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Tangible fixed assets(at cost) | 7,632 | - | 7,632 | 7,632 |
| ════ | ════ | ════ | ════ | |
| Investments(at valuation) | 2,325,583 | 64,405 | 2,389,988 | 2,478,101 |
| ═══════ | ═════ | ═══════ | ═══════ | |
| Cash at bank: | ||||
| Main account – Current account | 79,010 | 36,196 | 115,206 | 83,337 |
| Chapel Fund – Current account | 6,645 | 46,122 | 52,767 | 65,115 |
| ───── | ───── | ───── | ───── | |
| 85,655 | 82,318 | 167,973 | 148,452 | |
| ═════ | ═════ | ═════ | ═════ | |
| Accruals | 1,092 | - | 1,092 | 1,080 |
| ════ | ════ | ════ | ════ | |
| Net assets | 2,417,778 | 146,723 | 2,564,501 | 2,633,105 |
| ═══════ | ═════ | ═══════ | ═══════ |
Land and property
The following land and property was left to the Charity by legacies. The title deeds are in the name of the Official Custodian For Charities.
16 Almshouses, land and chapel known as the Hospital of St Bartholomew 10 Almshouses, known as the Hospital of St Thomas
Hallinge Field The Madder Garden Mill Field St Bartholomew's Salts Kite Marsh Land at Worth
P G Graeme, Trustee
R A Daw, Trustee
Date: 30 April 2026
Page 5
THE SANDWICH UNITED CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1 STATUTORY INFORMATION
The Sandwich United Charity is an unincorporated charity registered in England. The charity’s registered number, principal address and nature of operations can be found in the Report of the Trustees.
2 ACCOUNTING POLICIES
Basis of preparation:
The financial statements of the charity have been prepared on a receipts and payments basis.
The trustees consider that there are no material uncertainties about the Charities ability to continue as a going concern.
3 SCHEDULE OF INVESTMENTS
| Market Value | Market Value | |
|---|---|---|
| Investment | at 31.12.25 | at 31.12.24 |
| £ | £ | |
| Unrestricted | ||
| Charities official investment fund: | ||
| Income shares | 1,314,257 | 1,380,330 |
| COIF Accumulation shares | 1,011,326 | 1,031,435 |
| Edwin Rigden Legacy | ||
| Charities official investment fund: | ||
| Income shares | 21,376 | 22,451 |
| Chapel Fund | ||
| Charities official investment fund: | ||
| Accumulation shares | 43,029 | 43,885 |
| ──────── | ─────── | |
| 2,389,988 | 2,478,101 | |
| ════════ | ═══════ |
4 FINANCIAL COMMITMENTS
The charity had financial commitments amounting to £45,890 (2024 – NIL) at the year end.
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THE SANDWICH UNITED CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5 RESTRICTED FUNDS
Movement in Resources
| Movement in Resources | |
|---|---|
| Chapel Fund Edwin Rigden Legacy |
Balance as at 1.1.25 £ Incoming £ Outgoing £ Transfers £ Unrealised losses £ Balance as at 31.12.25 £ 102,355 30,318 (42,666) - (856) 89,151 58,019 628 - - (1,075) 57,572 |
| 160,374 30,946 (42,666) - (1,931) 146,723 |
Each of the above funds were formed from donations and legacies for the benefit of their respective hospitalians, almhouses and chapel.
6 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Restricted funds Chapel Fund Edwin Rigden Legacy Unrestricted funds |
Tangible Fixed Assets Investments Cash at Bank Accruals Total £ £ £ £ £ - 43,029 46,122 - - 21,376 36,196 - |
|---|---|
| - 64,405 82,318 - 146,723 7,632 2,325,583 85,655 (1,092) 2,417,778 |
|
| 7,632 2,389,988 167,973 (1,092) 2,564,501 |
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