## *~+! CHARITY COMMISSION | Independent examiner's report on the FOR ENGLAND AND WALES accounts
## Section A Independent Examiner’s Report
Report to the trustees Chaicy Name Davis Oaklands Charitable Gift On accounts for the year Charity no | 209620 ended | 31 March 2023 (if any) | report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended '
Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| 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, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent [The charity’s gross income exceeded £250,000 and | am qualified to examiner's statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] if not applicable.
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: e the accounting records were not kept in accordance with section 130 of the Charities Act; or e the accounts did not accord with the accounting records; or e the accounts did not comply with the applicable requirements concerning the form and content 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.
| 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.
* Please delete the words in the brackets if they do not apply. signed: 7 fact ——*d)s-—siate: | S Dee v023 Name: | David Buckett Relevant professional | Chartered Institute of Public Finance and Accountancy , qualification(s) or body
IER
1
Oct 2018
Address: | 1 Champion Court Cottages
Sharsted Hill, Newnham Kent ME9 OUX
## Section B
## Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose.
IER
2
Oct 2018
## Davis Oaklands Charitable Gift
Independent Examination for the year ended 31 March 2023
| have examined the books, records and supporting documentation, which | can confirm agree with the financial statement presented for the year end 31 March 2023, covering the period 1 April 2022 to 31 March 2023 in respect of the activities relating to the Davis Oaklands Charitable Gift for the year.
The Trust Treasury Management Policy requires the Trustees “seek to utilise shortnotice accounts and short-dated deposits (up to three months) in order to gain interest.” Money not required more immediately can be invested in longer-term deposits with better interest rates. The Natwest Current Account had in excess of £300,000 as at 31 March 2023. Since then interest rates have risen dramatically in recent months (Bank of England base rate increased to 4.25% from March 2023, in March 2022 the base rate was 0.75%).
## Signed =a, Vv. A:att
D J Buckett CPFA DMS
1 Champion Court Cottages Sharsted Hill Newnham Sittingbourne Kent ME9 O0JX Dated S JOC L2rZ
21/22
22/23
Davis Oaklands Charitable Gift Trust - 2098620 Income and Expenditure as at 31 March 2023
|INCOME|||
|---|---|---|
|Library Rent|£23,250.00|£23,250.00|
|Misc income||£0.00|
|Wakefield Recharged|£500.00||
|Loan Repayment (nowmoved out of Profit and Loss)|£3,600.00||
|Grant received|£1,299.60|£1,434.00|
|Interest on HTC loan|£4,210.33|£4,030.33|
|Interest|||
|Sundry|||
|HTC Administered|||
|M &G Charifund Dividend 4629|£2,160.78|£2,405.66|
|M &G Charibond Dividend 7853|£762.98|£860.39|
||£35,783.69|£31980.38|
|RETURN FIGURE|||
|Diff - restated 2015|||
|Diff|||
|EXPENDITURE|||
|Accountancy|£200.00||
|Wheel oftime museum membership|£100.00||
|Findmypast membership|£159.99||
|Bank Charges|£11.55|£8.05|
|HTC Recharges||£51,616.45|
|HTC Management Fee||£6,000.00|
|Curatorexpenses|£9.00||
|Curator's remuneration|£1,000.00||
|Office Stationery|£5.95||
|Property & Repairs|£5,800.35||
|Premises expenses (e.g custom book support set, display stands)|£6,173.62||
|Memorial Bench|£1,299.60||
|Memorial Bench Installation|£144.00||
|Books|£491.67||
|Misc - Wakefield|£500.00||
|Free Standing Kiosk Touchscreen|£5,950.80||
|Artefacts|||
|RETURN FIGURE|£21,846.53|£57,624.50|
|ProfitorLoss|£13,937.16|-£25,644.12|
|Net gains on investrments|||
|NB Loan repayment Not incvluded in profit and loss|£3,600.00|£3,600.00|
|adjustment|||
Davis Oaklands Charitable Gift Trust - 209620 Bank Reconciliation Statement Date: 5 April 2023 Account No. 47095784 Sort: 52-41-42
## Reconciliation Date: 10 July 2023
|Date
Ref
Details
Payment
Receipt
Balance|
|---|
|Balanceb/f1.4.2022
347,876.19
|_29/04/2022|Dirpmt___——[AprilbankchargeC—‘idESC“‘CW!!
OO]
CY 847,875.49|
| 09/05/2022|Dircr_
__——[LoaninterestfromHTC
CdS
CSC~C~«dYC(‘“‘éRO3«33] 351,905.82
| **31/05**/2022|Dirc**r_** ss [M&GCharifu**nd** —
—CidEC“‘($’NCN$N$NNNNWT. |_—S—=S#777.04] 352,582.86|
|
/2022|Dirce
[M&GCharibo
——C‘idS:C(SSC“‘CNOCLC#8«,57(
«352,761.43|
| 16**/06/202**2|Direr
Ss[FHDCNHSBenchgrant ss|S —~—CSCSSSSCé434.00] 354,195.43|
| 30
2|Dirpmt
[Bankcharge June2022,—“‘(i«é‘LCi‘(‘C;S;*SSSC«*«OSL
CLS«354,194.38 |
|04/07/2022|Dircr__—|Libraryquarterlyrent
= |S**S**
C—~—~—CSC«S812**.**50] 360,006.88 |
| _05/07/2022|Dirpmt_
[HTC Recharges
——Ci‘d :SC(‘;sSCi2134 03[~—C*dLS
«347,872.85 |
| _29/07/2022|Dirpmt
[Bankcharges July2022,,—id|CiHSC*C~‘;*C‘*d:«SC*«KdA«872.5
|
| 10/08/2022|Dirpmt
[HTCrechargesrepaid |SS 24708.48|
| (323,164.02|
| **31/08/2022|Dircr_**
Ss[M&GCharifund
Cid“‘$CC~“‘*‘é*dSC*‘éS7@.A'Y('—S«2323,740.23|
|
—
|[M&GCharibond
—‘iYSC“‘(SCSC™~*~é‘dL:CSC(‘™*S*«T78«557|_
323,918.80|
| 31/08/2022|Dirpmt___—
[Bank chargeAugust2022,,| SS
—~—“—*é‘C«CSCC*‘“‘C;C‘*dL'SC*«#S232«49177.755
|
| 02/09/2022|Dircr_
Libraryquarterlyrent
|
S™~—~sYC(‘“‘éA.SO 329,700.25|
| 30/09/2022|Dirpmt
[BankchargeSeptember2022, [|
—Ci;«S5| SC
SSC*d':C«étS'29,728.50 |
| 21/**1**0**/2022**|Direr_
LibraryQua**r**t**e**rlyrent |
SS—~*dC*C*«éB | 3**3**5,541.00 **|**
|__24/ 1
|Cheque 000074 [HTC recha g srepaid
sid]SS 8798.83| —S—C*dSC«3 1,742.17
| 30/11/2022|Dirpmt_
[Bank charge November2022,
|
iH]
SSC*dYCSCi881,741.82 |
| 09/12/2022|Dircr_
[HTC Loanrepayment
|S
SC—~—SSSCSC«f8600.00] 335,341.82
| 15/12/2022|Dircr_ ss [M&GCharifund
Cid“(SS™~dYSCit*‘C*C‘é777.88«i'_—«2336,119.70
|
| 15/12/2022|Direr_
SS |M&G Charibond
—“—té‘“SC‘“‘SNCOOOOCCOC*CSCOC#‘784«57|
336,298.27 |
| **3**0**/**12**/2022**|**Dirpmt**
**[**b**ank**C**harges**December2022, |
——=~iO|C“‘CSSCO#*ds#S;CO#S 36,207.57
|
1 01
[
B
c
Jan2023,—“‘LSCsC(‘(S!#C«OS)
| 336,296.52|
| 13**/02/2023**|**Dir**e**r**
[Libraryquarterlyrent |
S**S**—~YC*C~‘«é“NBN'HO| 342,109.02 **|**
| 26
[
c _ ss
[M&GCharifund ——C*idESC(‘<$SSC“‘( CS”CC#”rSCOC#*#éS £4.53
342,483.55
|__26/02/2023|DirCR__—
**|**M&GCharibond
—“C~dS**C**“‘SNCN##”:*O#C(824.68/ (342,808.23 |
| __20/03/2023|cheque 000075_ HTC Recharges
—sé—‘YSC‘ ;S«(COOTS I]
|
(381,833.12 |
|__27/03/2023|cheque 000076_|HTC ManagementFee 2022-23. [| ——6000.00| —S*|=S—«325,833.12 |
|___31/03/2023|Dirpmt
[bankcharges March2023s]
—~=~iC«CH]|SSSCSCS~=~«~dC*é 5,832.07|
|40,646.59
24,512.22|
|- 22,044.12|
|movementonbank|
Davis Oaklands Charitable Gift Trust
|Charity Reg.No209620|
|---|
|Total funds as at
Prioryearfunds
ee
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Historicalcostat Oaklands|
|TangibleAssets
£600,000.00
£600,000.00
notthe rebuildvalue
lincteaseinValuation
SCdSCSC« 474,960.00]
+d ea7ageooo]—~id—SSSCSCSSSS
lHeritageAssets0
CTCCBOOYSC*C~“CSNSCC#C#C‘éEOOO]—SCSSNSSCSCSCSCCCCCCNCNNNTY
i
Sr(EER
Dae
spe
EEE aR
cRaSEND
J
TotalFixedAssets
SC«:«1,074,060,00]
——=S=*~«<((C“‘ésIvag] —SCSCSCS—S—SCSSSS
\CurrentAssets;0
CdSCs‘“SCSCSC*tsYSCOCSCSC‘“‘;S*dSSCSCSC‘“‘(NSCNNNN
pets
|
|
rr
OOO
Loan paid from HytheTown|
||
Repaymentofprincipal loan
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£40,000.00
4629
8730.65]—__—s«d[|_£6,.512,00)
ecsecountpanies
ee
eee ee
ee GS
es
p78298.83]
SS~dY~S=« 89,833.41[MarketVal’
_
ee
dL
Ld|
|Natwest current account balance|
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sid
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uss movement
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——~—sCté‘“‘éRBO]
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TotaiGurrentAssets| —SSSC*d;C=CB OOO] ——=SC~*=“‘CSSC#SONOOOOGO]
SSS
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S|~SSSSSCS~C«O.OO|
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|__________“Totalassets lesscurrentliabilities| _—=S~=«*Y~=é 687,200.90|
———=+|~~
88,469.60]
SSS
[Creditors: Amountsfallingdue aftermorethanoneyear | ——S—S—SiOO]|—SSSCSC*dPSCSCSC~*~‘iOOOYCSC*C*C*‘“‘(‘#N™S#CUWNCS“SY
[Provisionsfortiabilties_
TCO] SCd SCSCSCSCSC~SOOY —————SCCCSC~dSSCS|
||
iS
ia
eninge AR TR.
aSsSe
|
CO
eSa
a diaries|
|Permanent Endowment -received|
|through sale of land to Oaklands|
|Surgery Charities Commission|
|permission needs tobegranted
Endowment
funds
£250**,**00**0.00**
£250**,**00**0**.00
beforeacce**s**sing thesefunds.
Restrictedincomefunds
CE.074 96
|
| __ 1,074 96 .00|
[Building plu heritage assets]
lUnrestricted Incomefunds
dS E78.208.83|
|
83,893.41]
| Marketvalue ofinvestments]|
|BEG
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NESSI pees eee |
ninMG Nateenes
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)|