| ReferenceandadministrativedetailsoftheCharity,itsTrusteesandadvisers | |
|---|---|
| Trustees’report | |
| Independentauditor'sreportonthefinancialstatements | |
| Statementoffinancialactivities | |
| Balancesheet | |
| Statementofcashflows | |
| Notestothefinancialstatements | 17-29 |
| Trustees | LynneCapeling | |
|---|---|---|
| HelenColvin | ||
| BrianByers(resigned29April2025) | ||
| MarkhamChesterfield | ||
| AlbertPilcher | ||
| VivienneSimmonds | ||
| DavidAngier(resigned6January2025) | ||
| AlexMarlow | ||
| CarolBicker,Chair | ||
| BruceMichaelEdgington(appointed | 1November2024) | |
| GillianBowen(appointed7July2025) | ||
| Charityregistered | ||
| number | 214466 | |
| Principaloffice | Priestfields | |
| Rochester | ||
| Kent | ||
| ME13AF | ||
| Independentauditor | KrestonReevesLLP | |
| CharteredAccountants | ||
| StatutoryAuditor | ||
| MaritimePlace | ||
| Quayside | ||
| ChathamMaritime | ||
| Chatham | ||
| Kent | ||
| ME44QZ | ||
| Bankers | LloydsBankPLC | |
| 142HighStreet | ||
| Chatham | ||
| Kent | ||
| ME44DQ | ||
| Investmentadviser | CazenoveCapitalManagementLtd | |
| 12Moorgate | ||
| London | ||
| EC2R6DA | ||
| Investmentadviser | CCLA | |
| SenatorHouse,85QueenVictoriaStreet | ||
| London | ||
| EC4V4ET |
Kreston Reeves LLP
2 September 2025
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2025 | 2025 | 2025 | 2024 | ||
| Note | £ | £ | £ | £ | |
| Incomefrom: | |||||
| Charitableactivities | 4 | - | 586,730 | 586,730 | 540,949 |
| Investments | 5 | - | 109,060 | 109,060 | 111,964 |
| Otherincome | 6 | - | - | - | 50 |
| Totalincome | - | 695,790 | 695,790 | 652,963 | |
| Expenditureon: | |||||
| Raisingfunds | 7 | » | 12,086 | 12,086 | 11,467 |
| Charitableactivities | 8 | - | 714,390 | 714,390 | 732,274 |
| Totalexpenditure | * | 726,476 | 726,476 | 743,741 | |
| Netexpenditurebeforenet | |||||
| gains/(losses)oninvestments | - | (30,686) | (30,686) | (90,778) | |
| Netgains/(losses)oninvestments | 105,410 | (16,816) | 88,594 | 172,846 | |
| Netmovementinfunds | 105,410 | (47,502) | 57,908 | 82,068 | |
| Reconciliationoffunds: | |||||
| Totalfundsbroughtforward | 2,763,620 | 977,375 | 3,740,995 | 3,658,927 | |
| Netmovementinfunds | 105,410 | (47,502) | 57,908 | 82,068 | |
| Totalfundscarriedforward | 2,869,030 | 929,873 | 3,798,903 | 3,740,995 |
| 2025 | 2024 | |||
|---|---|---|---|---|
| Note | ||||
| Fixedassets | ||||
| Tangibleassets | 11 | |||
| Investments | 12 | 3,647,985 | 3,596,113 | |
| 3,647,987 | 3,596,115 | |||
| Currentassets | ||||
| Debtors | 13 | 14,250 | 25,624 | |
| Cashatbankandinhand | 182,268 | 153,636 | ||
| 196,518 | 179,260 | |||
| Creditors:amountsfallingduewithinone year |
14 | (45,602) | (34,380) | |
| Netcurrentassets | 150,916 | 144,880 | ||
| Totalnetassets | 3,798,903 | 3,740,995 | ||
| Charityfunds | ||||
| Restrictedfunds | 15 | 2,869,030 | 2,763,620 | |
| Unrestrictedfunds | 15 | 929,873 | 977,375 | |
| Totalfunds | 3,798,903 | 3,740,995 | ||
| ThefinancialstatementswereapprovedandauthorisedforissuebytheTrusteeson | andsigned | |||
| ontheirbehalfby: |
| Statementofcashflows Fortheyearended31March2025 |
||
|---|---|---|
| 2025 £ |
2024 £ |
|
| Cashflowsfromoperatingactivities | ||
| Netcashusedinoperatingactivities(Note18) | (117,150) | (338,706) |
| Cashflowsfrominvestingactivities | ||
| Dividends,interestsandrentsfrominvestments Proceedsfromsaleofinvestments Purchaseofinvestments |
109,060 169,001 (132,279) |
111,964 218,902 (196,120) |
| Netcashprovidedbyinvestingactivities | 145,782 | 134,746 |
| Changeincashandcashequivalentsintheyear | 28,632 | (203,960) |
| Cashandcashequivalentsatthebeginningoftheyear | 153,636 | 357,596 |
| Cashandcashequivalentsattheendoftheyear | 182,268 | 153,636 |
| Thenotesonpages17to29formpartofthesefinancialstatements |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| WeeklyCharges | 581,220 | 581,220 | 536,534 |
| Visitors'Flats | 3,925 | 3,925 | 3,360 |
| Lunches(net) | 1,585 | 1,585 | 1,055 |
| 586,730 | 586,730 | 540,949 | |
| Total2024 | 540,949 | 540,949 | |
| Investmentincome | |||
| Unrestricted | Total | Total | |
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| Incomefromlistedinvestments | 109,060 | 109,060 | 111,964 |
| Total2024 | 111,964 | 111,964 | |
| Otherincomingresources | |||
| Unrestricted | Total | Total | |
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| Saleofequipment | - | - | 50 |
| Total2024 | 50 | 50 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| Investmentmanagementfees | 12,086 | 12,086 | 11,467 |
| Total2024 | 11,467 | 11,467 |
| Direct | Support | Total | Total | ||
|---|---|---|---|---|---|
| costs | costs | funds | funds | ||
| 2025 | 2025 | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Direct | Costs | 704,190 | 10,200 | 714,390 | 732,274 |
| Total | 2024 | 723,874 | 8,400 | 732,274 |
| Total | Total | ||
|---|---|---|---|
| Activities | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| Staffcosts | 231,814 | 231,814 | 189,163 |
| Lifeline | 24,252 | 24,252 | 24,715 |
| Repairsandrenewals | 274,113 | 274,113 | 377,833 |
| Gas | 54,952 | 54,952 | 50,498 |
| Electricity | 13,653 | 13,653 | 19,309 |
| Waterrates | 20,414 | 20,414 | (13,178) |
| Insurance | 13,628 | 13,628 | 13,341 |
| Telephone | 3,253 | 3,253 | 2,904 |
| Generalexpenses | 13,542 | 13,542 | 9,690 |
| Surveryors'fees | 15,380 | 15,380 | 11,857 |
| Foundersdaydinner | 3,169 | 3,169 | 3,110 |
| Gardencontractors | 34,200 | 34,200 | 32,976 |
| Professionalfees | 1,820 | 1,820 | 1,656 |
| 704,190 | 704,190 | 723,874 | |
| Total2024 | 723,874 | 723,874 |
| Total | Total | |||
|---|---|---|---|---|
| Activities | funds | funds | ||
| 2025 | 2025 | 2024 | ||
| £ | £ | £ | ||
| Auditor'sremuneration | 10,200 | 10,200 | 8,400 | |
| Total2024 | 8,400 | 8,400 | ||
| 9. | Staffcosts | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Wagesandsalaries | 218,048 | 179,855 | ||
| Socialsecuritycosts | 10,544 | 6,677 | ||
| Pensioncosts | 3,222 | 2,631 | ||
| 231,814 | 189,163 | |||
| TheaveragenumberofpersonsemployedbytheCharityduring | theyearwasasfollows: | |||
| 2025 | 2024 | |||
| No. | No. | |||
| 12 | 11 | |||
| Theaverageheadcountexpressedasfull-timeequivalentswas: | ||||
| 2025 | 2024 | |||
| No. | No | |||
| 8 | 7 |
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Duewithinoneyear | ||
| Otherdebtors | 596 | 1,190 |
| Prepaymentsandaccruedincome | 13,654 | 24,434 |
| 14,250 | 25,624 | |
| Creditors:Amountsfallingduewithinoneyear | ||
| 2025 | 2024 | |
| £ | £ | |
| Accrualsanddeferredincome | 45,602 | 34,380 |
| Balanceat | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balanceat | 1 | Transfers | Gains/ | 31March | |||||||||
| April2024 | Income |
Expenditure | in/out | (Losses) | 2025 | ||||||||
| £ | £ | £ | £ | £ | £ | ||||||||
| Unrestricted | |||||||||||||
| funds | |||||||||||||
| Designated | |||||||||||||
| funds | |||||||||||||
| Cyclical | |||||||||||||
| Maintenance | |||||||||||||
| funds | 31,435 | - |
(7,542) | 76,900 | - | 100,793 | |||||||
| Extraordinary | |||||||||||||
| repairsfund | 816,747 | - |
(173,604) | 102,661 | (16,816) | 728,988 | |||||||
| 848,182 | - |
(181,146) | 179,561 | (16,816) | 829,781 | ||||||||
| Generalfunds | |||||||||||||
| Incomeand | |||||||||||||
| expenditure | |||||||||||||
| account | 129,193 | 695,790 |
(545,330) | (179,561) | - | 100,092 | |||||||
| Total | |||||||||||||
| Unrestricted | |||||||||||||
| funds | 977,375 | 695,790 |
(726,476) | “ | (16,816) | 929,873 | |||||||
| Restricted | |||||||||||||
| funds | |||||||||||||
| Capitalfund | 2,763,620 | - |
- | - | 105,410 | 2,869,030 | |||||||
| Totaloffunds | 3,740,995 | 695,790 |
—‘(726,476) | : | 88,594 | 3,798,903 | |||||||
| Designated | funds | ||||||||||||
| Boththecyclicalmaintenance | fundandtheextraordinaryrepairs | fundcomprisethe | marketvalueofsome | ||||||||||
| of theinvestmentsheldbytheCharity,plusmoniesheld |
within | theBroker'saccounts. | Thesefundsare | ||||||||||
| designated | forthepurpose | ofensuring | thatthe Charityhasfunds |
available | in |
order | toconduct |
||||||
| bothcyclical | andextraordinary | repairworks | as | andwhentheneedforthemarises. |
| Balanceat | ||||||
|---|---|---|---|---|---|---|
| Balanceat 1April2023 £ |
Income £ |
Expenditure £ |
Transfers in/out £ |
Gains/ (Losses) £ |
31March 2024 £ |
|
| Unrestricted | ||||||
| funds | ||||||
| Designated | ||||||
| funds | ||||||
| Cyclical | ||||||
| Maintenance funds |
89,773 | - | (135,238) | 76,900 | - | 31,435 |
| Extraordinary repairsfund |
746,550 | - | (116,662) | 95,000 | 91,859 | 816,747 |
| 836,323 | - | (251,900) | 171,900 | 91,859 | 848,182 | |
| Balanceat | ||||||
| Balanceat 1April2023 |
Income | Expenditure | Transfers in/out |
Gains/ (Losses) |
31March 2024 |
|
| £ | £ | £ | pos | £ | £ | |
| Generalfunds | ||||||
| Incomeand | ||||||
| expenditure account |
139,971 | 652,963 | (491,841) | (171,900) | - | 129,193 |
| Total | ||||||
| Unrestricted | ||||||
| funds | 976,294 | 652,963 | (743,741) | - | 91,859 | 977,375 |
| Balanceat | ||||||
| Balanceat 1April2023 £ |
Income £ |
Expenditure £ |
Transfers in/out £ |
Gains/ (Losses) £ |
31March 2024 £ |
|
| Restricted | ||||||
| funds | ||||||
| Capitalfund | 2,682,633 | - | - | - | 80,987 | 2,763,620 |
| Totaloffunds | 3,658,927 | 652,963 | (743,741) | * | 172,846 | 3,740,995 |
| Balanceat | ||||||
|---|---|---|---|---|---|---|
| Balanceat1 | Transfers | Gains/ | 31March | |||
| April2024 | Income | Expenditure | in/out | (Losses) | 2025 | |
| £ | £ | , | £ | £ | £ | |
| Designated funds |
848,182 | - | (181,146) | 179,561 | (16,816) | 829,781 |
| Generalfunds | 129,193 | 695,790 | (545,330) | (179,561) | - | 100,092 |
| Restrictedfunds | 2,763,620 | - | - | - | 105,410 | 2,869,030 |
| 3,740,995 | 695,790 | (726,476) | - | 88,594 | 3,798,903 | |
| Summaryoffunds-prioryear | ||||||
| Balanceat | ||||||
| Balanceat | Transfers | Gains/ | 31March | |||
| 1April2023 | Income | Expenditure | in/out | (Losses) | 2024 | |
| 5 | £ | £ | £ | £ | £ | |
| Designated funds |
836,323 | - | (251,900) | 171,900 | 91,859 | 848,182 |
| Generalfunds | 139,971 | 652,963 | (491,841) | (171,900) | - | 129,193 |
| Restrictedfunds | 2,682,633 | - | - | - | 80,987 | 2,763,620 |
| 3,658,927 | 652,963 | (743,741) | - | 172,846 | 3,740,995 |
| Restricted | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2025 | 2025 | 2025 | |
| £ | £ | £ | |
| Tangiblefixedassets | - | 2 | 2 |
| Fixedassetinvestments | 2,869,030 | 778,955 | 3,647,985 |
| Currentassets | - | 196,518 | 196,518 |
| Creditorsduewithinoneyear | - | (45,602) | (45,602) |
| Total | 2,869,030 | 929,873 | 3,798,903 |
| Restricted | Unrestricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2024 | 2024 | 2024 | ||
| £ | £ | £ | ||
| Tangiblefixedassets | - | 2 | 2 | |
| Fixedassetinvestments | 2,763,620 | 832,493 | 3,596,113 | |
| Currentassets | - | 179,260 | 179,260 | |
| Creditorsduewithinoneyear | - | (34,380) | (34,380) | |
| Total | 2,763,620 | 977,375 | 3,740,995 | |
| 48. | Reconciliationofnetmovementinfundstonetcashflowfromoperating | activities | ||
| 2025 | 2024 | |||
| £ | £ | |||
| Netincomefortheyear(asperStatementofFinancialActivities) | 57,908 | 82.068 | ||
| Adjustmentsfor: | ||||
| Gains/(losses)oninvestments | (92,218) | (179,443) | ||
| Dividends,interestsandrentsfrominvestments | (109,060) | (111,964) | ||
| (Increase)/decreaseindebtors | 11,374 | (9,367) | ||
| Increase/(decrease)increditors | 11,222 | (126,597) | ||
| Profitfromthesaleofinvestments | 3,624 | 6,597 | ||
| Netcashusedinoperatingactivities | (117,150) | (338,706) | ||
| 19. | Analysisofcashandcashequivalents | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Cashinhand | 182,268 | 153,636 | ||
| Totalcashandcashequivalents | 182,268 | 153,636 |
| At | 1April | At | 31March | |||||
|---|---|---|---|---|---|---|---|---|
| 2024 | Cashflows | 2025 | ||||||
| £ | £ | £ | ||||||
| Cashat | bankand | in | hand | 153,636 | 28,632 | 182,268 | ||
| 153,636 | 28,632 | 182,268 |