##
##
##
||||||Page|
|---|---|---|---|---|---|
|Reference and administrative||details ofthe Charity,||its Trustees and advisers|1-2|
|Trustees'
report|||||3-11|
|Independent
auditor's|report|on|the financial statements||12-15|
|Statement offinancial|activities||||16|
|Balance sheet|||||17|
|Statement ofcash flows|||||18|
|Notes to the financial|statements||||19-37|
||||I|||
##
|Reference|and Administrative
Details of|and Administrative
Details of|the Charity,|the Charity,|its Trustees and Advisers|its Trustees and Advisers|
|---|---|---|---|---|---|---|
|for the year ended 30June 2022|||||||
|Governor||The Rt Revd and||Rt Hon Lord Chartres||KCVO DD FSA|
|Directors|(Trustees)|LJ Du Cane, Deputy Governor|||||
|||G R Rubython,|Treasurer||||
|||EC 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 B Ruth|||||
|||EC P Lefroy|||||
|Directors|(non-Trustees)|J G Ouvry|||||
|||J P AOuvry|||||
|||C K Cash|||||
|||J C BSouth (deceased 12|||June 2022)||
|||J G Lefroy|||||
|||C Duval|||||
|||RW Place|||||
|||The 9th Earl of|Radnor||||
|||The Very Rev,|H|EC Stapleton|||
|||Wing Commander||D V Duval|||
|||A J Houssemayne||de Boulay (deceased 4 February 2022)|||
|||Mrs ES Leonard|||||
|||Mrs JS Darwin|||||
|||Mrs L McCarraher|||||
|||Ms C E South|||||
|||Dr TV Murdoch|||||
|||Mrs TA Letheren|||||
|||A E Duval|||||
|||Mrs PJ Hoffmann-Becking|||||
|||R C Gamier|||||
|||C P D Grellier|||||
|||D
I Beeby|||||
|||H L Mallalieu|||||
|||C A M Boileau|||||
|Honorary|Director|Duke of Buccleuch and Queensberry,||||KT, KBE|
|Charity registered|||||||
|number||219318|||||
|Principal|office|41 La Providence|||||
|||Rochester|||||
|||Kent|||||
|||ME1 1NB|||||
##
|Independent|auditor|Kreston Reeves|Kreston Reeves|LLP|LLP||||
|---|---|---|---|---|---|---|---|---|
|||Chartered
Accountants|||||||
|||. Statutory
Auditor|||||||
|||Montague
Place|||||||
|||Quayside|||||||
|||Chatham
Maritime|||||||
|||Chatham|||||||
|||Kent|||||||
|||ME4 4QU|||||||
|Bankers||The CAF Bank|||||||
|||25 Kings
Hill|Avenue||||||
|||Kings
Hill|||||||
|||West Mailing|||||||
|||ME194TA|||||||
|||Lloyds TSB|||||||
|||Week Street|||||||
|||Maidstone|||||||
|||ME14 1RW|||||||
|Solicitors||Bates Wells|8 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|||||||
|Clerk to the Trustees||I W Mackenzie||(retired||22 August||2021)|
|||C H Parker (appointed||||23August||2021)|
|Chaplain||Rev A Lawal|(deceased|||15October 2021)|||
|||Rev B Beckhelling|||(appointed||1 August 2022)||
|Steward||J Corrigan|||||||
|Investment|Manager|Cazenove
Capital|||||||
|||1 London Wall Place|||||||
|||London|||||||
|||EC2Y 5AU|||||||
|Investment|Manager|Brewin Dolphin||Ltd|||||
|||12Smithfield|Street||||||
|||London|||||||
|||EC1A9BD|||||||
|Head ofEngagement||Mrs N Tegg|||||||
|and Deputy Clerk|||||||||
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|for the year ended|30|June 20|22|||||
|---|---|---|---|---|---|---|---|
||||Endowment|Restricted|Unrestricted|Total|Total|
||||funds|funds|funds|funds|funds|
|||Note|2022f|2022
f|2022
f|2022|2021|
|Income and||||||||
|endowments
from:||||||||
|Donations
and legacies||4|||55,183|55,183|25,487|
|Charitable
activities||5|||373,857|373,857|352,122|
|Investments|||4,266|12,560|212,725|229,551|207,294|
|Total income and||||||||
|endowments|||4,266|12,560|641,765|658,591|584,903|
|Expenditure
on:||||||||
|Raising funds||7,8|||38,705|38,705|25,404|
|Charitable
activities||9||808|512,878|513,686|511,926|
|Total expenditure||||808|551,583|552,391|537,330|
|Net income before||||||||
|net (losses)/gains||||||||
|on investments|||4,266|11,752|90,182|106,200|47,573|
|Net (losses)/gains|on|||||||
|investments|||(166,220)|(39,576)|(189,965)|(395,761)|574,510|
|Net movement
in||||||||
|funds|||(161,954)|(27,824)|(99,783)|(289,561)|622,083|
|Reconciliation
of||||||||
|funds:||||||||
|Total funds brought||||||||
|forward|||669,588|224,949|4„817,593|5,712,130|5,090,047|
|Net movement
in funds|||(161,954)|(27,824)|(99,783)|(289,561)|622,083|
|Total funds carried||||||||
|forward|||507,634|197,125|4,717,810|5,422,569|5,712,130|
##
##
|Fixed assets||||Note||2022
E||2021
F|
|---|---|---|---|---|---|---|---|---|
|Tangible assets
Investments
Investment
property||||12
14
13||461,723
3,686,066
1,096,235||816,408
3,814,144
793,637|
|Current assets||||||5,244,024||5,424,189|
|Stocks
Debtors
Cash at bank and in hand||||15
16|4,969
21,551
238,379||5,084
40,317
306,394||
||||||264,899||351,?95||
|Creditors: amounts|falling due within one||||||||
|year||||17|(86,354)||(63,854)||
|Net current assets||||||178,545||28?,941|
|Total net assets||||||5,422,569||5,712,130|
|Charity funds|||||||||
|endowment
funds
Restricted funds
Unrestricted
funds||||18
18
18||507,634
197,125
4,717,810||669,588
224,949
4,817,593|
|Total funds||||||5,422,569||5,712,130|
|The financial
statements
signed
on their behalf by:||were approved|and|authorised|for issue by the|Trustees on|25 March|2023
and|
|~~ owSi|||||||||
|JDuCane
Deputy Governor|||||G R Rubython
Treasurer||||
|
for the year ended 30June||2022|||
|---|---|---|---|---|
||||2022|2021|
|Cash flows from operating||activities|||
|Net cash used
in operating|activities (note 22)||(29,883)|(104,097)|
|Cash flows from investing||activities|||
|Dividends,
interests
and rents from investments|||229,551|207,294|
|Proceeds from sale of investments|||643,456|1,605,967|
|Purchase ofinvestments|||(911,139)|(1,757,129)|
|Net cash (used in)/provided||by investing
activities|(38,132)|56,132|
|Change
in cash and cash||equivalents
in the year|(68,015)|(47,965)|
|Cash and cash equivalents||at the beginning
ofthe year|306,394|354,359|
|Cash and cash equivalents||at the end ofthe year (note 23)|238,379|306,394|
|The notes on pages 19to 37form part ofthese financial statements|||||
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##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2021|
|Donations|52,373|52,373|21,102|
|Legacies|||2,000|
|Friends' income|2,810|2,810|2,385|
||55,183|55,183|25,487|
|Total2021|25,487|25,487||
##
||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022f|2022|2021|
|Almshouse|contributions|receivable|373,857|373,857|352,122|
|Total 2021|||352,122|352,122||
##
||Endowment|Restricted
'|Unrestricted|Total|Total|
|---|---|---|---|---|---|
||funds|funds|funds|funds|funds|
||2022|2022|2022|2022|2021|
|Rent|||133,199|133,199|130,370|
|Income from listed investments|4,266|12,560|79,462|96,288|76,780|
|Interest receivable|||64|64|144|
||4,266|12,560|212,725|229,551|207,294|
|Total 2021|3,772|897|202,625|207,294||
##
||||Unrestricted|Total|.|Total|
|---|---|---|---|---|---|---|
||||funds|funds||funds|
||||2022f|2022||2021|
|Fundraising|expenses|~|18,228|18,228||9,180|
|Total 2021|||9,180|9,180|||
##
||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2022|2021|
||||||F|
|investment|management|fees|20,477|20,477|16,224|
|Total 2021|||16,224|16,224||
##
||||Direct|Support|Total|Total|
|---|---|---|---|---|---|---|
||||costs|costs|funds|funds|
||||2022|2022f|2022|2021|
|Charitable||activities|478,235|25,451|503,686|511,926|
|Ukraine|DEC appeal donation||10,000||10,000||
||||488,235|25,451|513,686|511,926|
|Total 2021|||483,319|28,607|511,926||
##
||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2022|2022|2022|2021|
|Repairs and maintenance||104,648|104,648|93,690|
|Accountancy||720|720|700|
|95 High Street - direct costs||31,048|31,048|69,128|
|Administration|808|23,129|23,937|18,314|
|Utilities and rates||52,881|52,881|48,473|
|Insurance||12,577|12,577|12,035|
|Wages and salaries||182,152|182,152|170,787|
|National
insurance||11,847|11,847|11,196|
|Pension costs||6,338|6,338|6,421|
|Depreciation||52,087|52,087|52,575|
||808|477,427|478,235|483,319|
|Total 2021|500|482,819|483,319||
##
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022f|2021|
|Auditors'|remuneration|6,660|6,660|6,530|
|Professional fees||18,791|18,791|22,077|
|||25,451|25,451|28,607|
|Total 2021||28,607|28,607||
|Staff costs|||||
||||2022f|2021|
|Wages|and salaries||182,152|170,787|
|Social security costs|||11,847|11,196|
|Pension|costs||6,338|6,421|
||||200,337|188,404|
##
|2022|2021|
|---|---|
|No.|No.|
##
##
||La||95 High||
|---|---|---|---|---|
||Providence|Lifts|Streetf|Total|
|Cost or valuation|||||
|At 1 July 2021|1,494,160|70,367|415,456|1,979,983|
|Transfers
between classes|||(415,456)|(415,456)|
|At 30June 2022|1,494,160|70,367||1,564,527|
|Depreciation|||||
|At1 July2021|1,002,712|55,941|'l04,922|1,163,575|
|Charge for the year|41,336|2,815|7,936|52,087|
|Transfers
between classes|||(112,858)|(112,858)|
|At 30June 2022|1,044,048|58,756||1,102,804|
|Net book value|||||
|At 30June 2022|450,112|11,611||461,723|
|At 30June 2021|491,448|14,426|310,534|816,408|
##
##
|||Freehold|
|---|---|---|
|||investment|
|||property|
|Valuation|||
|At 1 July 2021||793,637|
|Transfers|between classes|302,598|
|At 30June 2022||1,096,235|
##
##
##
||Listed|
|---|---|
||investments|
|Cost or valuation||
|At 1 July 2021|3,814,144|
|Additions|911,139|
|Disposals|(454,764)|
|Revaluations|(584,453)|
|At 30June 2022|3,686,066|
|Net book value||
|At 30June 2022|3,686,066|
|At 30June 2021|3,814,144|
##
||||||2022|
|---|---|---|---|---|---|
||Cazenove|Multi-Asset|Fund||1,137,809|
||||||1,137,809|
|15.|Stocks|||||
|||||2022|2021|
||Anniversary|books stock||4,969|5,084|
##
##
|||2022|2021|
|---|---|---|---|
||||E|
|Due within one year||||
|Trade debtors||4,126|24,155|
|Prepayments|and accrued income|17,425|16,162|
|||21,551|40,317|
##
|||||2022|2021|
|---|---|---|---|---|---|
|Trade creditors||||16,889|16,834|
|Other taxation
and||social security||3,194|3,454|
|Other creditors||||66,271|43,566|
|||||86,354|63,854|
|Deferred|income|||||
|||||2022|2021|
|Deferred|income at 1 July 2021|||31,567|33,226|
|Resources deferred||during the year||32,348|31,567|
|Amounts|released|from previous|periods|(31,567)|(33,226)|
|Deferred|income at 30June 2022|||32,348|31,567|
##
|||||||Balance at|
|---|---|---|---|---|---|---|
||Balance at 1|||Transfers|Gains/|30June|
||July 2021f|Income|Expenditure|in/out|(Losses)|2022f|
|Unrestricted|||||||
|funds|||||||
|Designated|||||||
|funds|||||||
|Cyclical|||||||
|Maintenance|||||||
|Fund|240,000|||48,000||288,000|
|General funds|||||||
|General
Fund|4,536,277|641,765|(551,583)|(48,000)|(189,965)|4,388,494|
|Friends ofLa|||||||
|Providence|41,316|||||41,316|
||4,577,593|641,765|(551,583)|(48,000)|(189,965)|4,429,810|
|Total|||||||
|Unrestricted|||||||
|funds|4,817,593|641,765|(551,583)||(189,965)|4,717,810|
|Endowment|||||||
|funds|||||||
|Endowment|||||||
|Fund|669,588|4,266|||(166,220)|507,634|
|Restricted|||||||
|funds|||||||
|Trust Fund|||||||
|Capital|134,599||||(39,576)|95,023|
|Trust Fund|||||||
|Income|73,468|12,560|(808)|||85,220|
|Betard Bequest|16,882|||||16,882|
||224,949|12,560|(808)||(39,576)|197,125|
|Total offunds|5,712,130|658,591|(552,391)||(395,761)|5,422,569|
##
|Statement offun|ds - prior year||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at|||Transfers|Gains/|30June|
||1 July 2020|Income|Expenditure|in/out|(Losses)|2021|
|||E||F|||
|Unrestricted|||||||
|funds|||||||
|Designated|||||||
|funds|||||||
|Cyclical|||||||
|Maintenance|||||||
|Fund|192,000|||48,000||240,000|
|General funds|||||||
|General
Fund|4,021,714|580,194|(536,830)|(36,002)|507,201|4,536,277|
|Friends ofLa|||||||
|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|5090,047|584,903|(537,330)||574,510|5,712,130|
##
##
##
|each|Trust|in proportion
to|the original cos|t there|of.|||||
|---|---|---|---|---|---|---|---|---|---|
||||||Market value||||Market value|
||||||at 30June|Gains /|||at 30June|
||||||2021|(losses)|Transfers|out|2022|
|Outgift|||||134599|~39576)|5|218|F
95023|
|Trust|fund|income||||||||
||||Balance|at 30|Reinvested|Distributed
in|||Balance at 30|
||||June|2021|income|year|Transfers|out|June 2022|
|Outgift|||73|f
468|12560|~808)|f
~500)||85 220|
##
##
|Summary|offun|ds - current year||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||||Balance at|
|||Balance at 1|||||Transfers|Gains/|30June|
|||July 2021f|Income
f|Expenditure|f||in/outf|(Losses)
f|2022|
|Designated||||||||||
|funds||240,000|||||48,000||288,000|
|General funds||4,577,593|641,765|(551,583)|||(48,000)|(189,965)|4,429,810|
|Endowment||||||||||
|funds||669,588|4,266|||||(166,220)|507,634|
|Restricted|funds|224,949|12,560|(808).||||(39,576)|197,125|
|||5,712,130|658,591|(552,391)||||(395,761)|5,422,569|
|Summary|offunds - prior year|||||||||
||||||||||Balance at|
|||Balance at|||||Transfers|Gains/|30June|
|||1 July 2020f|Income
f|Expenditure||f|in/out|(Losses)|2021f|
|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|
##
|Analysis of net assets between fund|s - current year||||
|---|---|---|---|---|
||Endowment|Restricted|Unrestricted|Total|
||funds|funds|funds|funds|
||2022f|2022|2022f|2022f|
|Tangible fixed assets|||461,723|461,723|
|Fixed asset investments|507,634|76,752|3,101,680|3,686,066|
|Investment
property|||1,096,235|1,096,235|
|Current assets||120,373|144,526|264,899|
|Creditors due within one year|||(86,354)|(86,354)|
|Total|507,634|197,125|4,717,810|5,422,569|
##
##
##
|Analysis of net assets between funds|- prior year||||
|---|---|---|---|---|
||Endowment|Restricted|Unrestricted|Total|
||funds|funds|funds|funds|
||2021|2021|2021|2021|
||E||E||
|Tangible fixed assets|||816,408|816,408|
|Fixed asset investments|669,588|134,599|3,009,957|3,814,144|
|Investment
property|||793,637|793,637|
|Current assets||90,350|261,445|351,795|
|Creditors due within one year|||(63,854)|(63,854)|
||669,588|224,949|4,817,593|5,712,130|
##
||||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||F|
||Net
income/expenditure||for|the|year|(as|per|Statement|of|Financial|||
||Activities)||||||||||(289,561)|622,083|
||Adjustments
for:||||||||||||
||Depreciation
charges||||||||||52,087|52,574|
||Gains/(losses)
on investments||||||||||395,761|(574,510)|
||Dividends,
interests|and|rents|from|investments||||||(229,551)|(207,294)|
||Decrease
in stocks||||||||||115|68|
||Decrease
in debtors||||||||||18,766|7,391|
||Increase/(decrease)|in creditors|||||||||22,500|(4,409)|
||Net cash used in operating|||activities|||||||(29,883)|(104,097)|
|23.|Analysis ofcash and cash equivalents||||||||||||
||||||||||||2022
f|2021|
||Cash in hand||||||||||238,379|306,394|
##
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