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||||Page|
|---|---|---|---|
|Reference and administrative|details ofthe Charity,|its Trustees and advisers|1-2|
|Trustees'<br>report|||3-9|
|Independent<br>examiner's<br>report|||10-11|
|Statement offinancial activities|||12|
|Balance sheet|||13|
|Notes to the financial statements|||14 - 24|





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|for the year|ended 28 Fe|bruary 2023|bruary 2023||
|---|---|---|---|---|
|Bankers||NatWest Bank PLC|||
|||PO Box166|||
|||40 High Street|||
|||Rochester|||
|||Kent|||
|||ME1 1LJ|||
|Solicitors||DGB Solicitors LLP|||
|||The Captain's<br>House|||
|||Central Avenue|||
|||Pembroke|||
|||Chatham<br>Maritime|||
|||Kent ME4 4UF|||
|Investment|Managers|Charles Stanley|&Co. Limited||
|||55 Bishopsgate|||
|||London|||
|||EC2N 3AS|||
|||COLA|||
|||Senator House|||
|||65 Queen Victoria Street|||
|||London|||
|||EC4V4ET|||
|Independent|Examiners|Susan Robinson|BA FCA FCIE DChA||
|||Kreston Reeves|LLP||
|||Chartered<br>Accountants|||
|||Montague<br>Place,|Quayside||
|||Chatham<br>Maritime,||Chatham|
|||Kent, ME4 4QU|||





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|||||Endowment|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2023|2023|2023|2022|
||||Note|6|6|6|F|
|Income and endowments||from:||||||
|Donations<br>and legacies|||||10,025|10,025|12,509|
|Charitable<br>activities|||||25,248|25,248|24,898|
|Investments|||||25,821|25,821|24,078|
|Total income and|endowments||||61,094|61,094|61,485|
|Expenditure<br>on:||||||||
|Charitable<br>activities||||2,973|47,664|50,637|55,772|
|Total expenditure||||2,973|47,664|50,637|55,772|
|Net (expenditure)fincome||before net||||||
|(losses)/gains<br>on Investments||||(2,973)|13,430|10,457|5,713|
|Net (losses)/gains|on investments|||(16,062)|(14,427)|(30,489)|50,282|
|Transfers<br>between|funds||12|14,896|(14,896)|||
|Net movement<br>in|funds|||(4,139)|(15,893)|(20,032)|55,995|
|Reconciliation<br>of|funds:|||||||
|Total funds brought|forward|||396,648|577,668|974,316|918,321|
|Net movement<br>in funds||||(4,139)|(15,893)|(20,032)|55,995|
|Total funds carried forward||||392,509|561,775|954,284|974,316|





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|||Note||2023<br>6||2022f|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Tangible assets||9||41,038||41,038|
|Investments||10||860,464||880,343|
|||||901,502||921,381|
|Current assets|||||||
|Cash at bank and in hand|||54,744||56,059||
|Creditors: amounts|falling due within one||||||
|year||11|(1,962)||(3,124)||
|Net current assets||||52,782||52,935|
|Total net assets||||954,284||974,316|
|Charity funds|||||||
|Endowmentfunds||12||392,509||396,648|
|Unrestricted<br>funds||12||561,775||577,668|
|Total funds||||954,284||974,316|





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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2023<br>F|2023f|2022|
|Donations|10,025|10,025|12,509|
|Total 2022|12,509|12,509||



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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2022|
||||6||
|Weekly maintenance|contributions|25,248|25,248|24,898|
|Total 2022||24,898|24,898||



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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2022f|
|Investment|income|25,575|25,575|24,073|
|Deposit interest||246|246|5|
|||25,821|25,821|24,078|
|Total 2022||24,078|24,078||





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||||||||Direct|Support|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||costs|costs|funds|funds|
||||||||2023|2023|2023|2022|
||||||||6|6|6|f|
|Charitable||activities|||||28,626|22,011|50,637|55,772|
|Total 2022|||||||33,962|21,810|55,772||
|Analysis|ofdirect costs||||||||||
||||||||||Total|Total|
||||||||||funds|funds|
||||||||||2023|2022|
||||||||||6||
|Heating|and||lighting||||||1,343||
|Insurance|||||||||2,179|1,637|
|Council|tax||and water|rates|||||1,382|1,639|
|Repairs|and||maintenance||||||22,617|28,920|
|Medway|helpline||||||||1,080|1,122|
|425 Event||costs|||||||25||
||||||||||28,626|33,962|
|Analysis|ofsupport|||costs|||||||
||||||||||Total|Total|
||||||||||funds|funds|
||||||||||2023|2022|
||||||||||6|f|
|Printing,|postage and|||stationery|||||888|318|
|Investment|||manager's|fees|||||4,396|4,573|
|Honorarium|||||||||5,965|6,225|
|Sundries|||||||||2,159|1,898|
|Garden|||||||||3,925|4,173|
|Resident's||Christmas||lunch and gratuities|||||2,574|1,903|
|Legal and||professional||fees|||||37|432|
|Accountancy|||and independent||examination|charges|||1,962|1,782|
|Website|costs||||||||105|506|
||||||||||22,011|21,810|





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||Freehold|
|---|---|
||property|
||8|
|Cost or valuation||
|At 1 March 2022|41,038|
|At 28 February 2023|41,038|
|Net book value||
|At 28 February 2023|41,038|
|At 28 February 2022|41,038|





|for th|e year ended 28 February|e year ended 28 February|e year ended 28 February|e year ended 28 February|2023|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|10.|Fixed asset investments|||||||||||
||||||||||||Listed|
||||||||||||investments|
||||||||||||8|
||Cost or valuation|||||||||||
||At 1 March 2022||||||||||880,343|
||Additions||||||||||47,944|
||Disposals||||||||||(39,337)|
||Revaluations||||||||||(28,486)|
||At 28 February|2023|||||||||860,464|
||Net book value|||||||||||
||At 28 February|2023|||||||||860,464|
||At 28 February|2022|||||||||880,343|
||The historical cost||ofthe Charity's|||fixed asset investments||is f545,724.||||
||All ofthe Charity's||fixed asset investments||||are listed investments||held in the UK.|||
||Material investments:|||||||||||
|||||||||||2023<br>f|2022<br>f|
||COIF Charities|Investment|||Fund - Income||Units|||310,689|317,973|
||COIF Charities|Investment|||Fund - Capital||Units|||98,847|85,572|
|||||||||||409,536|403,545|
|11.|Creditors: Amounts|||falling due||within one year||||||
|||||||||||2023<br>8|2022f|
||Accruals|||||||||1,962|3,124|





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|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
|||Balance at 1||||Transfers|Gains/|28 February|
|||March 2022<br>6|Income<br>6|Expenditure|f|In/out<br>6|(Losses)<br>6|2023|
|Unrestricted|||||||||
|funds|||||||||
|Designated|||||||||
|funds|||||||||
|Extraordinary|||||||||
|repairs fund||24,534||||||24,534|
|Cydical|||||||||
|maintenance|||||||||
|fund||43,006||||||43,006|
|||67,540||||||67,540|
|General funds|||||||||
|General fund||469,090|61,094|(47,664)||(14,896)|(14,427)|453,197|
|Property fund||41,038||||||41,038|
|||510,128|61,094|(47,664)||(14,896)|(14,427)|494,235|
|Total|||||||||
|Unrestricted|||||||||
|funds||577,668|61,094|(47,664)||(14,896)|(14,427)|561,775|
|Endowment|||||||||
|funds|||||||||
|Endowment|fund|396,648||(2,973)||14,896|(16,062)|392,509|
|Total offunds||974,316|61,094|(50,637)|||(30,489)|954,284|





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|Statement o|ffund|s - prior year||||||
|---|---|---|---|---|---|---|---|
|||Balance at|||||Balance at|
|||1 March|||Transfers|Gains/|28 February|
|||2021|Income|Expenditure<br>6|in/outf|(Losses)|2022<br>6|
|Unrestricted||||||||
|funds||||||||
|Designated||||||||
|funds||||||||
|Extraordinary||||||||
|repairs fund||24,534|||||24,534|
|Cyclical||||||||
|maintenance||||||||
|fund||43,006|||||43,006|
|||67,540|||||67,540|
|Generalfunds||||||||
|General fund||430,435|61,485|(52,725)|2,610|27,285|469,090|
|Property fund||41,038|||||41,038|
|||471,473|61,485|(52,725)|2,610|27,285|510,128|
|Total||||||||
|Unrestricted||||||||
|funds||539,013|61,485|(52,725)|2,610|27,285|577,668|
|Endowment||||||||
|funds||||||||
|Endowment|fund|379,308||(3,047)|(2,610)|22,997|396,648|
|Total offunds||918,321|61,485|(55,772)||50,282|974,316|





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|Summary|of|funds - current year||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at 1|||Transfers|Gains/|28 February|
|||March 2022<br>6|Income|Expenditure<br>6|In/out<br>6|(Losses)|2023|
|Designated||||||||
|funds||67,540|||||67,540|
|General funds||510,128|61,094|(47,664)|(14,896)|(14,427)|494,235|
|Endowment||||||||
|funds||396,648||(2,973)|14,896|(16,062)|392,509|
|||974,316|61,094|(50,637)||(30,489)|954,284|
|Summary|of|funds - prior year||||||
|||Balance at|||||Balance at|
|||1 March|||Transfers|Gains/|28 February|
|||2021<br>6|income<br>f|Expenditure<br>F|in/out<br>f|(Losses)|2022<br>F|
|Designated||||||||
|funds||67,540|||||67,540|
|General funds||471,473|61,485|(52,725)|2,610|27,285|510,128|
|Endowment||||||||
|funds||379,308||(3,047)|(2,610)|22,997|396,648|
|||918,321|61,485|(55,772)||50,282|974,316|





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|Analysis|ofnet assets between funds - curr|ent year|||
|---|---|---|---|---|
|||Endowment|Unrestricted|Total|
|||funds|funds|funds|
|||2023|2023|2023|
|||6|6|F|
|Tangible|fixed assets||41,038|41,038|
|Fixed asset investments||392,509|467,955|860,464|
|Current|assets||54,744|54,744|
|Creditors|due within one year||(1,962)|(1,962)|
|Total||392,509|561,775|954,284|



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|Analysis ofnet assets between funds - prio|r year|||
|---|---|---|---|
||Endowment|Unrestricted|Total|
||funds|funds|funds|
||2022<br>F|2022<br>f|2022<br>F|
|Tangible fixed assets||41,038|41,038|
|Fixed asset investments|396,257|484,086|880,343|
|Current assets|391|55,668|56,059|
|Creditors due within one year||(3,124)|(3,124)|
|l|396,648|577,668|974,316|



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