## 

## 

||||Page|
|---|---|---|---|
|Reference and administrative||details ofthe Charity, its Trustees and advisers|1-3|
|Trustees' report|||4-12|
|Independent<br>auditor's|report|on the financial statements|13-16|
|Statement offinancial|activities||17|
|Balance sheet|||18|
|Statement ofcash flows||||
|Notes to the financial|statements||20-39|





## 

|Reference|and Administrative<br>Details ofthe Charity,|and Administrative<br>Details ofthe Charity,|and Administrative<br>Details ofthe Charity,|its Trustees and Advisers|its Trustees and Advisers|
|---|---|---|---|---|---|
|for the year ended 30June 2021||||||
|Governor||The Rt Revd and|Rt Hon Lord Chartres||KCVO DD FSA|
|Directors|(Trustees)|LJ Du Cane, Deputy Governor||||
|||G R Rubython,<br>Treasurer||||
|||E C A Martineau,|Secretary|||
|||C E M Martineau,|Quarterly|Committee|Chairman|
|||J0 Cash||||
|||PJ Duval||||
|||Emma, Lady Monson||||
|||Mrs P C Ouvry-Johns||||
|||AJ Gillett||||
|||Dr G Fargher||||
|||N BRuth||||
|||E C P Lefroy||||
|Directors|(non-Trustees)|J G Ouvry||||
|||J P A Ouvry||||
|||C KCash||||
|||J C BSouth||||
|||J G Lefroy||||
|||C Duval||||
|||RW Place||||
|||E L Darwin (deceased 17December 2020)||||
|||The 9th Earl of Radnor||||
|||The Very Rev, H|E C Stapleton|||
|||Wing Commander|D V Duval|||
|||AJ Houssemayne|de Boulay|||
|||Mrs E L Willis (resigned 28||January 2021)||
|||Mrs ESLeonard||||
|||Mrs JS Darwin||||
|||Mrs L McCarraher||||
|||Ms C ESouth||||
|||DrTV Murdoch||||
|||Mrs TA Letheren||||
|||A E Duval||||
|||Mrs PJ Hoffmann-Becking||||
|||R C Gamier||||
|||C P D Grellier||||
|||D<br>I Beeby||||
|||H L Mallalieu||||
|||C A M Boileau||||
|Honorary|Director|Duke of Buccleuch and Queensberry,|||KT, KBE|





## 

|<br>for the. year ended. 30J|<br>for the. year ended. 30J|<br>for the. year ended. 30J|<br>une 2021|||,||
|---|---|---|---|---|---|---|---|
|Charity registered||||||||
|number|||219318|||||
|Principal|office||41 La Providence|||||
||||Rochester|||||
||||Kent|||||
||||ME1 1NB|||||
|independent||auditor|Kreston Reeves LLP|||||
||||Chartered<br>Accountants|||||
||||Statutory<br>Auditor|||||
||||Montague<br>Place|||||
||||Quayside|||||
||||Chatham<br>Maritime|||||
||||Chatham|||||
||||Kent|||||
||||ME4 4QU|||||
|Bankers|||The CAF Bank|||||
||||25 Kings<br>Hill|Avenue||||
||||Kings<br>Hill|||||
||||West Mailing|||||
||||ME194TA|||||
||||Lloyds TSB|||||
||||Week Street|||||
||||Maidstone|||||
||||ME14 1RW|||||
||||CCLA Investment||Management||Limited|
||||80 Cheapside|||||
||||London|||||
||||EC2V 6DZ|||||
|Solicitors|||Bates Wells|&Braithwaite||London LLP||
||||10Queen Street Place|||||
||||London|||||
||||EC4R 1BE|||||
|Chartered|Building||JA Warner|Ltd||||
|Surveyor|||The Joiners|Shop||||
||||The Historic|Dockyard||||
||||Chatham|||||
||||Kent|||||
||||ME4 4TZ|||||





## 

|<br>forthe year|<br> ended 30J|une 2021|||,|
|---|---|---|---|---|---|
|Clerk to the|Trustees|I W Mackenzie||(retired|22 August 2021)|
|||C H Parker (appointed|||23 August 2021)|
|Chaplain||Rev A Lawal||||
|Steward||J Corrigan||||
|investment|Manager|Ruffer LLP||||
|||80 Victoria Street||||
|||London||||
|||SW1E5JL||||
|Investment|Manager|Brewin Dolphin||Ltd||
|||12.Smithfield|Street|||
|||London||||
|||EC.1A9BD||||
|Head ofEngagement||Mrs N Tegg||||
|and Deputy|Clerk|||||





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|for the year ended 30J|une 20|21|||||
|---|---|---|---|---|---|---|
|||Endowment|Restricted|Unrestricted|Total|Total|
|||funds|funds|funds|funds|funds|
||Note|2021|2021<br>f|2021|2021|2020|
|Income and|||||||
|endowments<br>from:|||||||
|Donations<br>and legacies<br>Charitable<br>activities|4<br>5|||25,487<br>352,122|25,487<br>352,122|38,232<br>327,095|
|investments|6|3,772|897|202,625|207,294|205,237|
|Total income and<br>endowments||3,772|897|580,234|584,903|570,564|
|Expenditure<br>on:<br>Raising funds<br>Charitable<br>activities|7,8||500|25,404<br>511,426|25,404<br>511,926|15,530<br>420,016|
|Total expenditure|||500|536,830|537,330|435,546|
|Net income before|||||||
|net gains/(losses)<br>on investments||3,772|397|43,404|47,573|135,018|
|Net gains/(losses)<br>on<br>investments||54,379|12,930|507,201|574,510|(63,344)|
|Net income||58,151|13,327|550,605|622,083|71,674|
|Transfers<br>between<br>funds|18||(11,998)|11,998|||
|Net movement<br>in||58,151|1,329|562,603|622,083|71,674|
|funds|||||||
|Reconciliation<br>of|||||||
|funds:|||||||
|Total funds brought<br>forward||611,437|223,620|4,254,990|5,090,047|5,018,373|
|Net movement<br>in funds||58,151|1,329|562,603|622,083|71,674|
|Total funds carried||669,588|224,949|4,817,593|5,712,130|5,090,047|
|forward|||||||





## 

## 

|||||2021||2020|
|---|---|---|---|---|---|---|
|||Note|||||
|Fixed assets|||||||
|Tangible assets||12||816,408||868,982|
|Investments||14||3,814,'l44||3,088,472|
|Investment<br>property||13||793,637||793,637|
|||||5,424,189||4,751,091|
|Current assets|||||||
|Stocks||15|5,084||5,152||
|Debtors||16|40,317||47,708||
|Cash at bank and|in hand||306,394||354,359||
||||351,795||407,219||
|Creditors: amounts|falling due within one||||||
|year||17|(63,854)||(68,263)||
|Net current assets||||287,941||338,956|
|Total net assets||||5,712,130||5,090,047|
|Charity funds|||||||
|Endowment<br>funds||18||669,588||611,437|
|Restricted funds||18||224,949||223,620|
|Unrestricted<br>funds||18||4,817,593||4,254,990|
|Total funds||||5,712,1i30||5,090,047|





|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||||F|
|Cash flows from operating|||activities|||||
|Net cash|used in operating|activities||||(104,097)|(29,127)|
|Cash flows from investing|||activities|||||
|Dividends,|interests<br>and rents from investments|||||207,294|205,237|
|Proceeds|from sale of investments|||||1,605,967|494,613|
|Purchase|ofinvestments|||||(1,757,129)|(664,759)|
|Net cash|provided<br>by investing<br>activities|||||56,132|35,091|
|Change|in cash and cash||equivalents|in|the year|(47,965)|5,964|
|Cash and cash equivalents|||at the beginning||ofthe year|354,359|348,395|
|Cash and cash equivalents|||at the end|of|the year|306,394|354,359|





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|for t|he year ended 30June 20|he year ended 30June 20|21||||
|---|---|---|---|---|---|---|
|4;|Income from donations||and legacies||||
|||||Unrestricted|Total|Total|
|||||funds|funds|funds|
|||||2021f|2021|2020f|
||Donations|||21,102|21,102|35,583|
||Legacies|||2,000|2,000||
||Friends' income|||2,385|2,385|2,649|
|||||25,487|25,487|38,232|
||Total 2020|||38,232|38,232||
|5.|Income from charitable||activities||||
|||||Unrestricted|Total|Total|
|||||funds|funds|funds|
|||||2021|2021|2020f|
||Almshouse|contributions|receivable|352,122|352,122|327,095|
||Total 2020|||327,095|327,095||





## 

||Endowment|Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
||funds|funds|funds|funds|funds|
||2021|2021|2021|2021|2020|
||||||F|
|Rent|||130,370|130,370|122,320|
|Income from listed investments|3,772|897|72,111|76,780|82,574|
|Interest receivable|||144|144|343|
||3,772|897|202,625|207,294|205,237|
|Total 2020|6,767|1,609|196,861|205,237||



## 

|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2020|
|||||E|
|Fundraising|expenses|9,180|9,180|678|
|Total 2020||678|678||



## 

||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021|2020|
||||||E|
|Investment|management|fees|16,224|16,224|14,852|
|Total 2020|||14,852|14,852||





## 

|for t|he year ended 30June 20|he year ended 30June 20|21|||||
|---|---|---|---|---|---|---|---|
|9.|Analysis ofexpenditure||by activities|||||
|||||Direct|Support|Total|Total|
|||||costs|costs|funds|funds|
|||||2021|2021|2021|2020|
||||||R||E|
||Charitable<br>activities|||483,319|28,607|511,926|420,016|
||Total 2020|||380,318|39,698|420,016||
||Analysis ofdirect|costs||||||
|||||Restricted|Unrestricted|Total|Total|
|||||funds|funds|funds|funds|
|||||2021|2021<br>K|2021f|2020<br>E|
||Repairs and maintenance||||93,690|93,690|67,998|
||Accountancy||||700|700|650|
||95 High Street - direct costs||||69,128|69,128|27,345|
||Administration|||500|17,814|18,314|17,920|
||Utilities and rates||||48,473|48,473|51,424|
||insurance||||12,035|12,035|11,956|
||Write offoftangible|fixed|assets||||(13,746)|
||Wages and salaries||||170,787|170,787|158,264|
||National<br>insurance||||11,196|11,196|10,486|
||Pension costs||||6,421|6,421|5,597|
||Depreciation||||52,575|52,575|42,424|
|||||500|482,819|483,319|380,318|
||Total 2020|||500|379,818|380,318||





## 

|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021|2021|2020|
|||||||E|
||Auditors'|remuneration||6,530|6,530|6,166|
||Professional||fees|22,077|22,077|33,532|
|||||28,607|28,607|39,698|
||Total 2020|||39,698|39,698||
|10.|Staff costs||||||
||||||2021f|2020<br>E|
||Wages|and|salaries||170,787|158,264|
||Social security costs||||11,196|10,486|
||Pension|costs|||6,421|5,597|
||||||188,404|174,347|



|||2021|2020|
|---|---|---|---|
|||No.|No.|
|Almshouse|staff||9|



## 



## 

## 

||Freehold|Motor|Other fixed||
|---|---|---|---|---|
||property|vehicles|assets|Total|
|||||F|
|Cost or valuation|||||
|At 1 July 2020|1,494,159|70,367|415,456|1,979,982|
|At 30June 2021|1,494,159|70,367|415,456|1,979,982|
|Depreciation|||||
|At1 July2020|960,888|53,126|96,986|1,111,000|
|Charge for the year|41,823|2,815|7,936|52,574|
|At 30June 2021|1,002,711|55,941|104,922|1,163,574|
|Net book value|||||
|At 30June 2021|491,448|14,426|310,534|816,408|
|At 30June 2020|533,271|17,241|318,470|868,982|





## 

## 



## 

## 

||Listed|
|---|---|
||investmentsf|
|Cost or valuation||
|At1 July2020|3,088,472|
|Additions|1,757,129|
|Disposals|(1,179,655)|
|Revaluations|148,198|
|At 30June 2021|3,814,144|
|Net book value||
|At 30June 2021|3,814,144|
|At 30June 2020|3,088,472|



## 

||||||2021|2020|
|---|---|---|---|---|---|---|
||||||F||
|CF|Ruffer|Absolute|Return|CAcc||1,009,219|
|||||||1,009,219|



## 

|2021|2020|
|---|---|
||E|
|5,084|5,152|





## 

## 

## 

|||2021|2020|
|---|---|---|---|
||||E|
|Due within one year||||
|Trade debtors||24,155|27,078|
|Prepayments|and accrued income|16,162|20,630|
|||40,'317|47,708|



|17.|Creditors: Amounts<br>falling due|Creditors: Amounts<br>falling due|Creditors: Amounts<br>falling due|within one year|||
|---|---|---|---|---|---|---|
||||||2021|2020|
|||||||F|
||Trade creditors||||16,834|20,396|
||Other taxation<br>and||social security||3,454|3,598|
||Other creditors||||43,566|44,269|
||||||63,854|68,263|
||Deferred|income|||||
||||||2021|2020|
||||||R|F|
||Deferred|income at 1 July 2020|||33,226|30,956|
||Resources deferred||during the year||31,567|33,226|
||Amounts|released|from previous|periods|(33,226)|(30,956)|
||Deferred|income at 30June 2021|||31,567|33,226|





## 

## 

|||||||Balance at|
|---|---|---|---|---|---|---|
||Balance at 1|||Transfers|Gains/|30June|
||July 2020|Income<br>F|Expenditure<br>F|in/out|(Losses)<br>E|2021<br>F|
|Unrestricted|||||||
|funds|||||||
|Designated|||||||
|funds|||||||
|Cyclical<br>Redecorations|192,000|||48,000||240,000|
|General funds|||||||
|General<br>Fund|4,021,714|580,194|(536,830)|(36,002)|507,201|4,536,277|
|Friends of La|||||||
|Providence|41,276|40||||41,316|
||4,062,990|580;234|(536,830)|(36,002)|507,201|4,577,593|
|Total|||||||
|Unrestricted|||||||
|funds|4,254,990|580,234|(536,830)|11,998|507,201|4,817,593|
|Endowment|||||||
|funds|||||||
|Endowment|||||||
|Fund|611,437|3,772|||54,379|669,588|
|Restricted|||||||
|funds|||||||
|Trust Fund|||||||
|Capital|130,623|||(8,954)|12,930|134,599|
|Trust Fund|||||||
|Income|76,115|897|(500)|(3,044)||73,468|
|Betard Bequest|16,882|||||16,882|
||223,620|897|(500)|(11.,998)|12,930|224,949|
|Total offunds|5090047|584»03|(537330)||574,510|5,712,130|





## 

|Statement offun|ds - prior year|||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||Balance at|||Transfers|Gains/||30June|
||1 July 2019|Income|Expenditure|in/out|(Losses)||2020|
|||E||E|.|E|F|
|Unrestricted||||||||
|funds||||||||
|Designated||||||||
|funds||||||||
|Cyclical||||||||
|Redecorations|144,000|||48,000|||192,000|
|General funds||||||||
|General<br>Fund|4,035,681|561,188|(434,651)|(92,504)|||4,021,714|
|Friends of La||||||||
|Providence|40,671|1,000|(395)||||41,276|
||4,076,352|562,188|(435,046)|(92,504)|||4,062,990|
|Total||||||||
|Unrestricted||||||||
|funds|4,220,352||(435,046)|(44,504)|||4,254,990|
|Endowment||||||||
|funds||||||||
|Endowment||||||||
|Fund|581,111|6,767|||23,559||611,437|
|Restricted||||||||
|funds||||||||
|Trust Fund||||||||
|Capital|125,022||||5,601||130,623|
|Trust Fund||||||||
|Income|75,006|1,609|(500)||||76,115|
|Betard Bequest|16,882||||||16,882|
||216,910|1,609|(500)||5,601||223,620|
|Total offunds|5,018,373|8,376|(435,546)|(44,504)|29,160||5,090,047|





## 

## 

## 

## 




## 

|Trust fund|income||||||||
|---|---|---|---|---|---|---|---|---|
||||Balance at 30|Reinvested|Distributed|in||Balance at 30|
||||June 2020|income|year||Transfers<br>out|June 2021|
||||f|F||||E|
|Browning|||691||||(691)||
|Chabot legacy|||50||||(50)||
|Chabot monuments|||4||||(4)||
|Fontan eau|||2,190||||(2,190)||
|Mounier<br>Outgift|||109<br>73071|897|~580)||(109)|73488|
||||76,115|1,609|(500)||(3,044)|73,468|
|Summary|offunds||||||||
|Summary|offunds|- current year|||||||
|||||||||Balance at|
||Balance at 1||||Transfers||Gains/|30June|
|||July 2020|Income|Expendituref|in/out||(Losses)|2021|
|Designated|||||||||
|funds||192,000|||48,000|||240,000|
|General funds||4,062,990|580,234|(536,830)|(36,002)||507,201|4,577,593|
|Endowment|||||||||
|funds||611,437|3,772||||54,379|669,588|
|Restricted|funds|223,620|897|(500)|(11,998)||12,930|224,949|
|||5,090,047|584,903|(537,330)|||574,510|5,712,130|



## 

|Summary<br>offund|s - prior year||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at|||Transfers|Gains/|30June|
||1 July 2019|Income|Expenditure|in/out|(Losses)|2020|
||E|E|E|E||E|
|Designated|||||||
|funds|144,000|||48,000||192,000|
|General funds|4,076,352|562,188|(435,046)|(92,504)||4,062,990|
|Endowment|||||||
|funds|581,111|6,767|||23,559|611,437|
|Restricted funds|216,910|1,609|(500)||5,601|223,620|
||5,018,373|570,564|(435,546)|(44,504)|29,160|5,090,047|





## 

## 

## 

|Analysis ofnet assets between fund|s -current year||||
|---|---|---|---|---|
||Endowment|Restricted|Unrestricted|Total|
||funds|funds|funds|funds|
||2021|2021|2021|2021|
|Tangible fixed assets|||816,408|816,408|
|Fixed asset investments|669,588|134,599|3,009,957|3,814,144|
|Investment<br>property|||793,637|793,637|
|Current'assets||90,350|261,445|351,795|
|Creditors due within one year|||(63,854)|(63,854)|
|Total|669,588|224,949|4,817,593|5,712,130|



## 

|Analysis ofnet assets between funds|- prior year||||
|---|---|---|---|---|
||Endowment|Restricted|Unrestricted|Total|
||funds|funds|funds|funds|
||2020|2020|2020|2020|
|||E||E|
|Tangible fixed assets|||868,982|868,982|
|Fixed asset investments|611,437|101,217|2,375,818|3,088,472|
|Investment<br>property|||793,637|793,637|
|Current assets||122,403|284,816|407,219|
|Creditors due within one year|||(68,263)|(68,263)|
||611,437|223,620|4,254,990|5,090,047|





## 

## 

||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
|||||||||F|
||Net income for the year (as per Statement|||of Financial|Activities)||622,083|71,674|
||Adjustments<br>for:||||||||
||Depreciation<br>charges||||||52,574|42,424|
||Gains/(losses)<br>on investments||||||(574,510)|63,344|
||Dividends,<br>interests and rents from investments||||||(207,294)|(205,237)|
||Decrease<br>in stocks||||||68.|99|
||Decrease/(increase)|in debtors|||||7,391|(15,418)|
||Increase/(decrease)|in creditors|||||(4,409)|13,987|
||Net cash used in operating||activities||||(104,097)|(29,127)|
|23.|Analysis of cash and cash||equivalents||||||
||||||||2021|2020|
|||||||||E|
||Cash<br>in hand||||||306,394|354,359|
||Total cash and cash equivalents||||||306,394|354,359|
|24.|Analysis ofchanges|in net|debt||||||
|||||||At 1July||At 30June|
|||||||2020|Cash flows|2021|
|||||||||F|
||Cash at bank and in|hand||||354,359|(47,965)|306,394|
|||||||354,359|(47,965)|306,394|





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