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|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||





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## 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<br>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<br>Fortheyearended31March2025|||
|---|---|---|
||2025<br>£|2024<br>£|
|Cashflowsfromoperatingactivities|||
|Netcashusedinoperatingactivities(Note18)|(117,150)|(338,706)|
|Cashflowsfrominvestingactivities|||
|Dividends,interestsandrentsfrominvestments<br>Proceedsfromsaleofinvestments<br>Purchaseofinvestments|109,060<br>169,001<br>(132,279)|111,964<br>218,902<br>(196,120)|
|Netcashprovidedbyinvestingactivities|145,782|134,746|
|Changeincashandcashequivalentsintheyear|28,632|(203,960)|
|Cashandcashequivalentsatthebeginningoftheyear|153,636|357,596|
|Cashandcashequivalentsattheendoftheyear|182,268|153,636|
|Thenotesonpages17to29formpartofthesefinancialstatements|||





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||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|





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||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|





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## 

||||||||||||||Balanceat|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Balanceat|1|||||Transfers|||Gains/||31March|
|||April2024||<br>Income||Expenditure||in/out||(Losses)|||2025|
||||£||£||£||£|||£|£|
|Unrestricted||||||||||||||
|funds||||||||||||||
|Designated||||||||||||||
|funds||||||||||||||
|Cyclical||||||||||||||
|Maintenance||||||||||||||
|funds||31,435||<br>-||(7,542)||76,900||||-|100,793|
|Extraordinary||||||||||||||
|repairsfund||816,747||<br>-||(173,604)||102,661||(16,816)|||728,988|
|||848,182||<br>-||(181,146)||179,561||(16,816)|||829,781|
|Generalfunds||||||||||||||
|Incomeand||||||||||||||
|expenditure||||||||||||||
|account||129,193||<br>695,790||(545,330)||(179,561)||||-|100,092|
|Total||||||||||||||
|Unrestricted||||||||||||||
|funds||977,375||<br>695,790||(726,476)||“||(16,816)|||929,873|
|Restricted||||||||||||||
|funds||||||||||||||
|Capitalfund||2,763,620||<br>-||-||-||105,410|||2,869,030|
|Totaloffunds||3,740,995||<br>695,790||—‘(726,476)||:|||88,594||3,798,903|
|Designated|funds|||||||||||||
|Boththecyclicalmaintenance|||fundandtheextraordinaryrepairs|||||fundcomprisethe|||marketvalueofsome|||
|of<br>theinvestmentsheldbytheCharity,plusmoniesheld|||||||within|theBroker'saccounts.||||Thesefundsare||
|designated|forthepurpose|||ofensuring|thatthe<br>Charityhasfunds||||available||<br>in|order|<br>toconduct|
|bothcyclical|andextraordinary|||repairworks|as|andwhentheneedforthemarises.||||||||



## 



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|||||||Balanceat|
|---|---|---|---|---|---|---|
||Balanceat<br>1April2023<br>£|Income<br>£|Expenditure<br>£|Transfers<br>in/out<br>£|Gains/<br>(Losses)<br>£|31March<br>2024<br>£|
|Unrestricted|||||||
|funds|||||||
|Designated|||||||
|funds|||||||
|Cyclical|||||||
|Maintenance<br>funds|89,773|-|(135,238)|76,900|-|31,435|
|Extraordinary<br>repairsfund|746,550|-|(116,662)|95,000|91,859|816,747|
||836,323|-|(251,900)|171,900|91,859|848,182|
|||||||Balanceat|
||Balanceat<br>1April2023|Income|Expenditure|Transfers<br>in/out|Gains/<br>(Losses)|31March<br>2024|
||£|£|£|pos|£|£|
|Generalfunds|||||||
|Incomeand|||||||
|expenditure<br>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<br>1April2023<br>£|Income<br>£|Expenditure<br>£|Transfers<br>in/out<br>£|Gains/<br>(Losses)<br>£|31March<br>2024<br>£|
|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<br>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<br>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|





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|||||At|1April||At|31March|
|---|---|---|---|---|---|---|---|---|
||||||2024|Cashflows||2025|
||||||£|£||£|
|Cashat|bankand|in|hand||153,636|28,632||182,268|
||||||153,636|28,632||182,268|



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