Chariry registration nurnber.. 211528
Folkestone Municipal Charity
Ann￿1 Report and Financial Siaiements
for ihe Year Ended 31 March 2024
Beresfords
Chanered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge
Folkesione
Keni
CT18 7TQ

Folkestone Municipal Cbarity
Contents (continu￿)
Reference and Administrniive Deiails
Trustee5' R¢port
2to3
Stalern¢nt of Trusiees. Responsibililie5
Independeni Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the financial Stotemenis
8t0 14

Folkestone Municipal Charity
Referen¢¢ and Administralii'e Detydils
Trustees
MT5 S Thorne
Mr RC Wesi
Mr R C P Medlico
Mrs M Hun¢er
Mrs R Braid
Mr J Bonomy
Cllr N Keen
Cllr L McGirr
Cllr B Walker
Cllr A Lockwood
Mr P Wesl
Cllr A AkulTo-Kelly
2115?8
Chgrily Regis¢r8lion Nufflber
Princlpal Offlce
Romney House
Cliff Road
H￿he
Keni
CT215XA
Independent Eiamlner
Beresfords
Chanered Certified Accouniants
1-2 Rhodium Poini
Spindle Close
Hawkinge
Folkesione
Kenl
CT18 7TQ
Page I

Folkestone Muni¢ipal Charity,
Trnstees, Report
The trusiees presenr the annual reith together with ihe financial swements of lh¢ Charity for the year ended 31
Mar¢h 2024.
Objectives And 8Ctivilie5
Obj¢£'lJ andulms
The obJec¢ive of the charity 15 lo provide relief in need to residents of Folkesione by provision of grdnts io
individuals or organisaiions and by payment of monihly awards io needy residents.
ObJeLlives, slralegles 4nd ocilvliles
The charity receives ref¢rrJls from ￿la7 services and other sources. All cases are referred to the committee of
trustee5 or. in ¢ases of emergency, to such mernbe￿ of the ex¢¢utive commilltt as are available.
Relief in n¢¢d. when sanctioned by ihe trustees Is made #voiloble wherever possible by payment dir¢c¢ 10
5uppli¢rs of goods and services.
Publl¢' beneJ71
The irusiees confimi that they hav¢ ¢omplied with ihe requiremcnls of seclion 17 of the Chariiies Aci 2011 to
have due regard io ihe public beD¢fil guidan¢e published by ihe Charity Commission for England and Wales.
GruKI m4klngpnllcles
Thl ITusices as a group meei in order io decide upon 8ran¢ appli¢aiions. Granis are made if ihe trnstees feel the
application has merit and is in line with ihe chariiy's constilutionJl aims.
Financl#l revltw
Piillcjy reserves
The ITUStees inainlain a reserve of £33.0(K) in order lo fvnd any unanticipated expendiiure or to cover ihe normal
expendi¢ure of the Charl￿ should there be a change in the incoming resources. Any other unre%lrict¢d funds are
to be 5peni in accordance with ihe charity's con51ilulioD.
Invoimenlpollcy ond iibJecilve5
The ITUStees have the power io invesi in such assds as the) see fil. Due to the present markei condiiions. Ihe
(rusiees consider Iheir current investmenis io be ihe mosi appropriate in order to 8cneraie income io Ineet their
aniicipaied expenditure.
Going concer
Aller making appropriate enquiries, the irusiees have a resonable expectation that the charity has adequate
resources io continue in operdlional exi5tcnce for Ihe foreseeable fulure. For this rca50n ihey coniinue io adopt
the going concern basis in preparing the financial staiements.
The Irustees have considered the circumsiances of Covid 19 and do not regard them having an impact on ihe
charity's abiliry io corhlinue 18 a Boing concern.
Structure* goverthance man4g¢m¢nt
Naitsre olgoveruing docHm¢tsi
The charity is controlled by its governing dLKument, a deed of trust. and consiiiutes an unincoTporated charity. li
was registered with the Charity Commission with effect from 29th June 1984 under ihe charity number 211528.
Page 2

Folkeslone Municipal Charity
Trustees, Report (continued)
R¢£'ruilmeMi and oppoinlmenl olirusiees
Tnjsiees are appointed when a vacancy occurs by personal recommendation from existing trU￿eeS and elected at
n annual genernl meeting.
The annual report was approved by ihe In￿e¢S of the charily on ......... ..
d signed on lis behalf by..
Mr5 S Thorne
Trustee
Page 3

Folkestooe Municipal Charity
Statement of Trnstee$' ReSPODsibilities
The tru5t¢¢s are responsible for pr¢paring ihe injsiees. report and ihe financial staternents in accordance with the
United Kingdom Accounting Standards (United Kingdom Generally Acceptcd Accounting Pra¢tic¢l and
applicabl¢ law and regulations.
The law applicable to charities requires the twstees io prepare financial 51atements for each financial year which
give a irue and fair view of ihe siaie of affairs of ihe Charity. and of the incoming resources and application of
resources of the Charity for thai perii)d. In preparing ihese financial statements. the irusi¢¢s we required io..
select suitable accounting wTrlicies and ihen appl>. Ihem consisienily.
observe ihe methods and prineiples in the Charities SORP:
make judgements and eslimaies ihai are reasonable and prndeni:
state w'hether applicable accouniing sthndards have been followed. subject to any mai¢rial departures
disclo%d and explained in ihe financial siaiem¢nts: and
prepare lh¢ financial siaiemenis on ihe going concern bosis unless it is inappropriate to presume thai ihe
charity will ¢oniinue in business.
The trusiees are responsible for keeping proper a￿ountIng records thai disclose with re￿Onable accuracy ai any
lime the financial p05Trtion of the chariry and enable ihem io ensure ihai the financial S￿lementS coinply with Ihe
Chariiies Aci 2011. the Chariiies (Accounts ond Reponsl RebTulaiions 2008. and ihe provisions of Ihe
(TrnsliluiioTh. The trusl¢es are also re5￿)n$1b1t for safeguarding the as5els of ihe charity and hence for iakin8
rcasonablc sieps for th¢ prevention and detection of fraud and other irregularities.
I'he tru51c¢s are responsible for ihe mainienance and inlegriiy of the corporaie and financial infonnatiofb
inLluded on ihe charitable compan) s website. l*gi51aiion goveTnin8 the prepardtion and dissemination of
fin#nrial 51atemenis may ditTer from legislaiion in other jurisdictions.
Approved by the trusl¢cs of the chariiy ontz.lili.4... and signed on 1¢$ behalf by..
Mrs S Thorne
TTU51ee
Page 4

Folkestone Muni¢ipal Charity
Independent Examiner's Report to the trustees of Folkcslone Municipal Charity
I report to the trnsitts on my exarninalion of the accounis of Folkesione Munkcipal Charity for (he year ended 31
March ?024.
RespuNslbilitit5 and basi$ of re￿rt
As the chariij trustees of Folkeslone Municipal Charity you are responsible for the preparation of the accounls
in accordance with ihe requirements of the Charities Aci 2011 {'th¢ Acl").
I report in respeci of my examination of ihe Folkesione Municipal Charity's aecounis carried oui under section
145 of the ?0 I l Aci and in caryying out m). examinaiion I have followed all the applicable Directions given by
the Charity Commission under section 14515Mb} of ihe Aci.
Indtptndtnt ex*min¢r's 5t8ltmenl
I hav¢ coinpleted my exaininaiion. I confimh Ihai no material matters have com¢ io my aneniion in conneciion
with the examinaiion giving me ¢¥use io believe thai in any maieri¥l r¢spe¢t.'
l. accounting records were kepi in re5￿t of Folkestone Municipal Charity a5 required by section 130 or
the Act,. or
2. the accounis do nol accord with those records.. or
J. the accouTh¢5 do not compl>. wilh ihe accouniing requirements concerning ihe fonn and conieni of occounis
sei out in Ih¢ Charitie5 IALcounis and Re￿rts) Regulations ?008 oiher Ihan any r¢quireimenl that the
accounis give a 'true and fair view, which is noi a maller consbdered 4$ Part of an ind¢pendeni
examination.
I have no concerns and hav¢ come across no ol￿r mailers in connection ￿lIh ihe examination to which attenlion
should be drawn in ihis report in order io enable a PTop¢r understsnding of the accounts to ￿ re4¢h¢d.
Mr Daniel Payne FCCA
Beresfords
Chartered Certified Accounianis
1-2 Rhodium Point
Spindle Close
Hawkinge
Folk'¢ston¢
Kent
CTI8 7TQ
Da¢e'.
Page 5

Folkestone Municipal Charity
Statement of Financial A¢tivities for the Year Ended 31 March 2024
Unr¢stricted
funds
Total
2024
Note
Income and F.ndowments (rom:
Invesimeni income
134.813
134.813
Total income
134.813
134.813
Expenditure on:
Charttable acliviiie5
(160.289)
1160.289)
Total expenditure
Gainslllossesl on invesimeni a
1160.?89}
259.484
1160.289)
259,484
Net income
234,008
234,008
Net Inovcinenl in fund
234.008
234,008
Rtctsnclli#tlon of funds
Total lunds broughi lorward
Total funds carried forward
4.370.1?1
4.370.121
12
4.6(M, 199
Unre51rirl¢d
rund5
4.604.1 ?9
Tot#1
2023
Nole
Income 8nd Endowments from:
InvesiinLni income
131,714
Total income
Expenditure OTh:
Charitable activities
(124.5371
{124.537
Total expenditure
Gainsl(losses) on investment assets
(124.5371
1156.213)
{124.537)
(156.213
Net expenditure
(149,036)
(149.036
Nei movement in funds
(149,036)
{149.036)
Refoneiliation of funds
Total funds brought forward
Total funds carried forwwd
4,519.157
4.519.157
12
4.370,121
4.370.121
All of the charity'5 activities derive from continuing ￿rationS during ihe above two p¢rii)ds.
The funds breakdown for 2023 is shown in note 12.
The n￿eS on pages 8 to 14 form an iniegrdl part of these financial statements.
Page 6

Folkestone Muni¢ipal Chvdritv
(Registration Dumber: 211528)
Balance Sheet 9$ 4t 31 March 2024
2024
2023
Note
Fix¢d a5Stts
Inve5tmcnis
4.469.380
4.209.896
Current assets
Debior5
Cash at bank and in hand
10
31.570
104.8?]
30.716
136.391
161,867
Crediiors: Amoynt$ falling dye within one yt#r
11.64?)
11.642)
Ne¢ eurrent 855¢¢$
134.74¢4
160.925
N¢t assets
4.(J04.129
4,370.121
Funds of th¢ eh#rity:
Unrestricted intome fund$
lJnresiricied fund5
4.604,129
4.370,1?1
Toial funds
12
4.604.] ?9
4,370.121
The financial sialemenls on page5 6 10 14 were approved by the InJstee5. and auihorised for issue on
LilsThli4. and si&>neil on their behalf by..
M¥s S Thome
Trustee
The notes on page5 8 to 14 forni an iniegrdl part of these financial statements.
Page 7

Folkestone Muni¢ipal Charity
Notes to the Financial Stalements for the Year Ended 31 March 2024
l Accounting poli¢ies
Statement tsf cornplianee
The financial siaietnenis have been prepared in accordance wilh the wond ediiion of Ihe Charili¢s Statement of
Recommended Practice issued in October 2019. Ihe F'inancial Reporting Stsndard applicable in the Uniied
Kingdom and Republic of Ireland {FRS 102) aThJ Ihe Chariiies Act 2011.
Basis ol preparation
Folkeslone MuniLipal Charity meds ihc definiiion of a public ben¢fil eniiry under FRS 102. The accounis
(financial 5tatemenisl have been prepared under the historical cosi conv¢ntion with items recognis¢d at cosi or
transaction value unless otherwise staled in Ihe relevant noielsl io ihese accounts.
Going ron£ern
The irustLes consider ihai ihere are no malerial uncertoinlFes aboui the charity's ability lo continu¢ a5 a going
concern.
Income and endowments
Invthimeni Inc'ome
InicrL'st on funds held on dkp05ii is included when receivable and the amovni can be m¢asured reliably bj Ihe
charity.. thi5 is norn)all>' upon noiification of ihe inieresi paid or Pd>'able by ihe bank.Dividends are re¢ognised
once the dividend has been drflared and notificalion has been received of the dividend due.
Expenditure
All eipenditure is recognised once ihere is a legal or constructive obligation to thai exp¢ndilure. it is probable
5eiilemeni is required and the amouni can be measured r¢liabl)'. All cosls are allocated io Ihe applicable
expendiiure heading thai awegate similar costs lo thai categor),. Where cosls cannot be direcily attributed lo
particular headings ihe>' have been all(Kated on a basis consisleni wilh th¢ use of resources, wilh ceniral sialT
¢o%ts all￿ated the basis of lime speni. and d¢pre¢iaiion charges allocaied on the portion of the asset'5 use.
Other support C05t5 are allocated based on ihe spread ofstatrc05ts.
Churliuhle fjcili,lile
Charitable expendilure ¢¢)rnprises those costs in¢uThed by ihe charity. in the deliver). of its aciivilies and 5ervice5
for 115 beneficiaries. It includes boih costs ihal can be all￿ated direcili. to such aciiviti¢s and those cost5 of an
indirect nature necessary io support them.
Support costs
Support cost5 include cenlrnl functions and have been allo¢￿ed io activity cosi caiegories on a basis consistent
with the use of rewurces, for example. allocating property costs by floor areas. or per capiia. staff costs by the
time 5p¢nt and other costs by their usage.
Governance eost5
These include the cost5 attribuiable io the charl￿, s compliance wilh constitutional and stalutory reqU1￿Ments.
including audit, strdte¥ic management alld twstees meeting5 and reimburs¢d expenses.
Page 8

Folkeslone Municipal Charity,
otes to the Financial Stgtements for the Year Ended 31 Mareh 2024 (continued)
T*xation
The charily is considered io Pa￿ lh¢ iesis sei Oui in Paragraph I Schedule 6 of ihe Finance Act 2010 8nd
therefor¢ li mttis lh¢ definiiion of a charitable compans. for UK corpordlion rax PU￿0$¢S. Accordinglj. the
harity is poi¢nlially exempt from taxaiion in res￿1 of income or capital gains received M'iihin categories
overed by Chapter 3 Part I l of the Corpordlion Tax Aci ?010 or Seciion 256 of the l axation of Chargeable
Gains A¢1 199? 10 ihe exieni thai such income or gains are 8pplied ¢xclusiv¢lN' io charithble purposes.
Investment properlies
Inv¢51meni property is carried at fair value. derived froTn Ihe current markei prices for Comparable real ¢siaie
dcleTmined annually by ¢xtemal valuers. The valuers us¢ obsery8ble Inarkei prices. adjusted if necessary for any
dift¢rence in the nature, locaiion or condilion of the specific asset. Changes in fair valuc are recowiised in profit
or loss.
Flx¢d #sset investment5
Fixed as5¢1 in¥¢simenis, other Ihan programm¢ relaied invesiinenis, yre included ar mark'ei value ai Ihc balance
sheei date. Realised gains and losses on inv¢simeTris are cal¢ulaied as ihe difference beiM'c¢n sales proceeds and
Iheir markei value ai the start of the year. or thcir subsequent cost. Jnd are ¢har8ed or creiliied io ihe Siaiemeni
of Financial Activities in the period ofdispo$81.
Unrcali5ed gains and los%s repre5eni ihe mo¥¢meni in mark'¢1 values during the year and are credited or
charged io the Sthtemeni of Financial Aciivities based on the markei value 81 ihe year end.
Cash e*$h equiv#leTrt$
Cash and cash equivalenis comprise cash on hand and co11 deposiis. and other shorl-i¢rm highly liquid
investments thai are readily conwenibl¢ io a known amounl of cash and are 5ubjeci 10 an insignificant risk of
hanbpe in value.
Fund $tructur¢
LlnreslTlCted income funds are genernl funds ihai are available for Use ai the trustees discr¢iion in fvrtherance of
the objeclive5 olthe charity.
8e9

Folkestone Municipal Charit),
Notes to the Financial Stalements for the Year Ended 31 March 2024 {¢ontinued)
2 Investrnent income
UDrestrid¢d
T￿￿￿5
General
Tot41
2024
Total
2023
Income from dividends;
Dividends receivable from oiher listed inve5nnents
Inleresi receivable and stmilar I￿Orne.
Inter¢51 receivable on bank d¢posiis
Oiher interest receivable
Income from rents
117.510
117,510
115.966
2,543
10,710
4.050
2.543
10.710
4.050
988
10,710
4,050
134.813
134,813
131.714
3 Expenditure on eharitable 8f tivitlt5
UnT￿trICi¢d
fund5
General
Total
2023
2024
Note
Manageinent
Siall-LOSls
Grdnis and donation5
Monthly grants
Relief in need
Gvvernance costs
969
4.550
22.850
54,005
76.273
1.642
969
4.550
22.850
54.(M)5
76.273
1,642
748
5.050
15.820
57.740
43,537
1.642
I￿,289
160.289
124,537
4 An#ly$is ofgovern*nc¢ and sypport
Governgnee eo$i$
Unrestr6cted
fund5
Gtnenl
Tot81
21124
To¢al
2023
Independent examiner fees
Examination of th¢ financbal Sthiemen
1.642
1,642
1.642
1.642
1,642
1.642
Page 10

Folkestonc Muni¢ipal Charity
Notes to the Financial Statements for th¢ Year Ended 31 March 2024 {¢ontinued)
5 Trustets remuner8ilon ¥nd expenses
Durin¥ the year the charity made ihe following transactions wilh I￿￿ces=
Mr5 M Hunter
Mrs M Hunier received reMuner￿lOn of £300 (2023.. £3￿) and £?08 (2023.. £Nill of expenses were reimbursed
to Mrs M Hunier duTing ihe year.
Mr% M Hunter, Ihe welfar¢ otTic¢r. was reimbursed for iravel ¢xpense5 during ihe year. MTS 14unier was also
paid an honorarium during the }'¢ar.
No trustees have received any other bentfiis from the charity during lh¢ year.
O Staff costs
The aggre8ai¢ payroll ¢osis were as follows:
2024
2023
Staff ¢osts during the year were:
Honoraria
4.550
No employee received emolumenis of more ihan £60.tNJO durin8 ihe year
Honoraria represents £4.25012023 - £4.7501 for the Sccretory's fee and £30012023 . £3001 paid io a iru51ee.
7 Independent txamlner'5 rtmun¢ration
2024
2023
Examinalion ofihe financial siaiements
1,642
1,642
8 TaxatloD
Th¢ charity is a registered charity and is iherefore exempi from ￿x&ll0n.
9 Flxed gsset inveslmf nis
2024
2023
Investhient properties
Other investtnenis
168.500
4.300,880
168.500
4.041.396
4.469.380
4.209.896
Pagell

Folkestone Municipal Charity
Notes lo the Financial Statement5 for Ihe Year Ended 31 March 2024 (¢ontinued)
Investment properties
Investrnent
proper¢ies
Cost or Valuation
Ai l April 2023
168.500
Proi'ision
Ai 31 March 20?4
Net book value
Ai 31 March 2024
Ai 31 March 2023
There has bttn no valuation of investment property by an independent valuer.
168.-500
Other investments
Lisled
iDvt51ments
Tolal
Co$¢ or Valuation
Ai l April 20?3
Revaluation
4.041.396
2.$9.484
4,041.396
259.484
Ai 31 Mar¢h 2024
4.300.880
4.300.88
Net book value
At 31 March 2024
4,300.880
4.31N).880
Ai 31 Mar¢h 2023
4.041.396
4,041,396
Page 12

Folke51one Municipal Charitv
Noles to Ihe Financial Stalement5 for the Year Ended 31 March 2024 (continued)
10 Debtors
2024
2023
31,570
30.716
Accrued iD¢ome
I I Creditors: gmounts fallin% du¢ wiihin one ye*r
21124
2023
1.642
1.642
Accruals
12 Funds
Other
r¢togni5ed
gain￿(101$¢5l
B8l#nce #t
31 Marth
2024
B•lan¢¢ ai I
April 2023
Incoming
resources
Resources
eipended
Unrestrieted funds
1160.?89)
259.484
4,604,179
General
4.370.1 ?1
134.813
Olh¢r
reeo%ni5td
8811151110ssesI
B81¥nce 41
31 M#reh
2023
B8lan¢e it I
April 2022
Incoming
resource5
R¢50urces
eipended
Unreslrieied funds
156.?131
4.370,121
G¢neTal
4.519,157
131.714
1124.537
13 Analysis of net aS5¢19 betw¢¢n futhd5
Unresirkted
funds
G¢Ncral
Tof31 funds Wt
31 M8rch
2024
Fixed asset inv¢stmenis
Current assets
Current liabiliiies
4.469.380
136.391
11.6421
4,469.)80
136.391
(1.642)
4,604.1 ?9
4.604.129
Total net a5seis
Page 13

Folkeslone Municipal Charity
Notes to the Financial Stalements for the Year Ended 31 March 2024 (continued)
Unrestricted
rund5
General
Tolal fund5 at
31 March
2023
Fixed asset invesiments
Cu￿en1 asseis
Current liabilities
4,?09,896
161.867
(1.6421
4,209.896
161,867
{1,642}
Total net asseis
4.370.121
4.370.1?1
14 Rel#t¢d part). IransgctioTr$
Durin¥ the y¢ar the charity made the following r¢laied party tran5aciions'.
Cllr B Walker
(Cllr B Walk'er (previously CIIT N Keen) is a trusie¢ of ihe chariry and also ihe Town Mayor of Folkesione.)
Durrng the year £8.00012023 - £5.000) was don￿e￿ io the Towm Mayor of Folkesione's Christmas Fund..
Page 14