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||Page|
|---|---|
|ReferenceandadministrativedetailsoftheCharity,itsTrusteesandadvisers|1-3|
|Trustees’report|4-13|
|Independentauditor'sreportonthefinancialstatements|14-17|
|Statementoffinancialactivities|18|
|Balancesheet|19|
|Statementofcashflows|20|
|Notestothefinancialstatements|21-42|





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|Independentauditor|KrestonReevesLLP|
|---|---|
||CharteredAccountantsandStatutoryAuditor|
||MontaguPlace|
||Quayside|
||ChathamMaritime|
||Chatham|
||KentME44QU|
|Bankers|LioydsBankpic|
||25GreshamStreet|
||LondonEC2V7HN|
||TheCAFBank|
||25KingsHillAvenue|
||KingsHill|
||WestMalling|
||KentMES4TA|
|Investmentmanagers|RBCBrewinDolphin|
||12SmithfieldStreet|
||LondonEC1A9BD|
||CazenoveCapital|
||1LondonWailPlace|
||LondonEC2Y5AU|
|Solicitors|BatesWells|
||10QueenStreetPlace|
||LondonEC4R1BE|
|Accountant|Elizabeth<br>MSamuels|
||DandEAccountancyLtd|
||24Floor,<br>2WalsworthRoad|
||Hitchin|
||HertfordshireSG49SP|
|Surveyor|RichardTuckerMRICS|
|(Appointed16January2024)|DovetailBuildingConsultantsLtd|
||TheSevenoaksBusinessCentre|
||15LimeTreeWalk|
||Sevenoaks|
||KentTN131YH|
|ClerktotheCorporation|DavidCoward|
|(Resigned20October2024)||
||Page2|





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|||||||Asrestated|
|---|---|---|---|---|---|---|
|||Endowment|Restricted|Unrestricted|Total|Total|
|||funds|funds|funds|funds|funds|
|||2024|2024|2024|2024|2023|
||Note|£|£|£|£|£|
|Incomeand|||||||
|endowmentsfrom:|||||||
|Donationsandlegacies|4|-|-|32,551|32,551|37,176|
|Charitableactivities|5|-|=|436,889|436,889|397,850|
|Investments|6|20,964|4,992|225,992|251,948|263,954|
|Totalincomeand|||||||
|endowments||20,964|4,992|695,432|721,388|698,980|
|Expenditureon:|||||||
|Raisingfunds|7,8|-|"|20,611|20,611|19,896|
|Charitableactivities||”|8,053|844,676|852,729|742,469|
|Totalexpenditure||-|8,053|865,287|873,340|762,365|
|Net|||||||
|income/(expenditur|||||||
|e)beforenetgains|||||||
|oninvestments||20,964|(3,061)|(169,855)|(151,952)|(63,385)|
|Netgainson|||||||
|investments||36,461|8,681|265,180|310,322|35,905|
|Netmovementin|||||||
|funds||57,425|5,620|95,325|158,370|(27,480)|
|Reconciliationof|||||||
|funds:|||||||
|Totalfundsbrought|||||||
|forward||542,528|204,690|4,647,871|5,395,089|5,422,569|
|Netmovementinfunds||57,425|5,620|95,325|158,370|(27,480)|
|Totalfundscarried|||||||
|forward||§99,953|210,310|4,743,196|5,553,459|5,395,089|





## 

## 

||||2024||2023|
|---|---|---|---|---|---|
||Note||£||£|
|Fixedassets||||||
|Tangibleassets|13||566,046||417,796|
|investmentproperty|14||41,096,235||1,096,235|
|investments|15||3,787,905||3,633,300|
||||5,450,186||5,147,331|
|Currentassets||||||
|Stocks|16|584||4,889||
|Debtors|17|26,363||163,112||
|Cashatbankandinhand||159,118||162,794||
|||186,065||320,795||
|Creditors:amounisfallingduewithinone||||||
|year|18|(82,792)||(73,037)||
|Netcurrentassets|||103,273||247,758|
|Totalnetassets|||5,553,459||§,395,089|
|Charityfunds||||||
|Endowmentfunds|19||599,953||542,528|
|Restrictedfunds|19||210,310||204,690|
|Unrestrictedfunds|19||4,743,196||4,647,871|
|Totalfunds|||5,553,459||5,395,089|







## 

||2024|2023|
|---|---|---|
||£|£|
|Cashflowsfromoperatingactivities|||
|Netcashusedinoperatingactivities(note23)|(221,460)|(427,415)|
|Cashflowsfrominvestingactivities|||
|Dividends,interestsandrentsfrominvestments|254,247|263,159|
|Purchaseoftangiblefixedassets|(192,180)|-|
|Proceedsfromsaleofinvestments|1,092,312|889,685|
|Purchaseofinvestments|(936,595)|(801,014)|
|Netcashprovidedbyinvestingactivities|217,784|351,830|
|Changeincashandcashequivalentsintheyear|(3,676)|(75,585)|
|Cashandcashequivalentsatthebeginningoftheyear|162,794|238,379|
|Cashandcashequivalentsattheendoftheyear(note24)|159,118|162,794|
|Thenotesonpages21to42formpartofthesefinancialstatements|||





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||||Asrestated|
|---|---|---|---|
||Unrestricted|Total|Total|
||funds|funds|funds|
||2024|2024|2023|
||£|£|£|
|Donations|30,847|30,847|27,596|
|Legacies|-|-|8,200|
|FriendsofTheFrenchHospital|1,704|1,704|1,380|
||32,551|32,551|37,176|
|Total2023asrestated|37,176|37,176||



## 

||||Asrestated|
|---|---|---|---|
||Unrestricted|Total|Total|
||funds|funds|funds|
||2024|2024|2023|
||£|£|£|
|Almshousecontributionsreceivable|434,393|434,393|395,573|
|SundryIncome|2,496|2,496|2,277|
||436,889|436,889|397,850|
|Total2023asrestated|397,850|397,850||





## 

## 

## 

||||||Asrestated|
|---|---|---|---|---|---|
||Endowment’|_Restricted|Unrestricted|Total|Total|
||funds|funds|funds|funds|funds|
||2024|2024|2024|2024|2023|
||£|£|£|£|£|
|Rent|-|-|135,646|135,646|134,666|
|Incomefromlistedinvestments|20,964|4,992|74,261|100,217|123,372|
|Interestreceivable|-|-|16,085|16,085|5,916|
||20,964|4,992|225,992|251,948|263,954|
|Total2023asrestated|19,814|4,718|239,422|263,954||



||||Asrestated|
|---|---|---|---|
||Unrestricted|Total|Total|
||funds|funds|funds|
||2024|2024|2023|
||£|£|£|
|Fundraisingexpenses|-|-|280|
|Total2023asrestated|280|280||



||||Asrestated|
|---|---|---|---|
||Unrestricted|Total|Total|
||funds|funds|funds|
||2024|2024|2023|
||£|£|£|
|Investmentmanagementfees|20,611|20,611|19,616|
|Total2023asrestated|19,616|19,616||





## 

|||||Asrestated|
|---|---|---|---|---|
||Direct|Support|Total|Total|
||costs|costs|funds|funds|
||2024|2024|2024|2023|
||£|£|£|£|
|Charitableactivities|824,497|28,232|852,729|742,469|
|Total2023asrestated|719,888|22,581|742,469||



## 

|||||Asrestated|
|---|---|---|---|---|
||Restricted|Unrestricted|Total|Total|
||funds|funds|funds|funds|
||2024|2024|2024|2023|
||£|£|£|£|
|Repairsandmaintenance|3,825|327,527|331,352|276,605|
|Commercialproperties(directcosts)|-|25,234|25,234|17,307|
|Administration|-|25,205|25,205|18,197|
|Professionalfees(directcosts)|-|17,683|17,683|14,041|
|Utilitiesandrates|-|53,556|53,556|§3,565|
|Insurance|-|12,644|12,644|10,449|
|Residents'activities|-|31,205|31,205|25,779|
|Maintenanceofcollections|-|25,502|25,502|25,502|
|Wagesandsalaries|-|217,706|217,706|201,101|
|Nationalinsurance|-|15,593|15,593|14,133|
|Pensioncosts|.|7,854|7,854|6,740|
|Depreciationandstockwrite-down|-|48,235|48,235|43,927|
|Charitablegiving|4,228|8,500|12,728|12,542|
||8,053|816,444|824,497|719,888|
|Total2023asrestated|744|719,144|719,888||





## 

## 

## 

||||Asrestated|
|---|---|---|---|
||Unrestricted|Total|Total|
||funds|funds|funds|
||2024|2024|2023|
||£|£|£|
|Auditors’remuneration|12,370|12,370|7,765|
|Professionalfees|15,862|15,862|14,816|
||28,232|28,232|22,581|
|Total2023asrestated|22,581|22,581||



## 

## 

||2024|2023|
|---|---|---|
||£|£|
|Wagesandsalaries|217,706|201,101|
|Socialsecuritycosts|15,593|14,133|
|Pensioncosts|7,854|6,740|
||241,153|221,974|
|TheaveragenumberofpersonsemployedbytheCharityduringtheyearwasasfollows:|||
||2024|2023|
||No.|No.|
|Almshousestaff|&|8|



## 

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## 

|||La|||
|---|---|---|---|---|
|||Providence|Lifts|Total|
|||£|£|£|
||Costorvaluation||||
||At1July2023|1,494,160|70,367|1,564,527|
||Additions|192,180|-|192,180|
||At30June 2024|1,686,340|70,367|1,756,707|
||Depreciation||||
||At1July2023|1,085,160|61,571|1,146,731|
||Chargefortheyear|41,115|2,815|43,930|
||At30June2024|1,126,275|64,386|1,190,661|
||Netbookvalue||||
||At30June2024|560,065|5,981|566,046|
||At30June 2023|409,000|8,796|417,796|
|14.|Investmentproperty||||
|||||Freehold|
|||||investment|
|||||property<br>£|
||Valuation||||
||At1July2023|||1,096,235|
||At30June2024|||1,096,235|





## 

## 

||Listed|
|---|---|
||investments|
||£|
|Costorvaluation||
|At1July2023|3,633,300|
|Additions|936,594|
|Disposals|(1,092,312)|
|Revaluations|310,323|
|At30June2024|3,787,905|
|Netbookvalue||
|At30June2024|3,787,905|
|At30June2023|3,633,300|



## 

||||2024|
|---|---|---|---|
||||£|
||CazenoveCharitableSustainableMulti-AssetFund||1,325,449|
||||1,325,449|
|16.|Stocks|||
|||2024||
|||£||
||Anniversarybooksstock|584||





## 

## 

## 

||2024|2023|
|---|---|---|
||£|£|
|Duewithinoneyear|||
|Tradedebtors|20,398|26,642|
|Otherdebtors|1,300|5,064|
|Prepaymentsandaccruedincome|4,665|121,406|
||26,363|153,112|
|Creditors:Amountsfallingduewithinoneyear|||
||2024|2023|
||£|£|
|Tradecreditors|16,656|10,836|
|Othertaxationandsocialsecurity|4,013|4,078|
|Othercreditors|62,123|58,123|
||82,792|73,037|
|Deferredincome|||
|includedinOthercreditors|||
||2024|2023|
||£|£|
|Deferredincomeat1July2023|31,683|32,348|
|Resourcesdeferredduringtheyear|-|31,683|
|Amountsreleasedfrompreviousperiods|(31,683)|(32,348)|
|Deferredincomeat30June2024|-|31,683|





|Balanceat|Balanceat|30June|30June|30June|<br>2024|£|17,200|175,000|192,200|4,506,061|44,935|4,550,996|4,743,196|599,953|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Gains/|||(Losses)|£|-|-|-|265,180|-|265,180|265,180|36,461|
|||Transfers|||in/out|£|60,000|175,000|235,000|(235,000)|-|(235,000)|-|-|
||||||Expenditure|£|(236,516)|-|(236,516)|(628,771)|-|(628,771)|(865,287)|-|
|||||Income||£|-|-|-|693,728|1,704|695,432|695,432|20,964|
||Balanceat1||July2023|||£|193,716|-|193,716|4,410,924|43,231|4,454,155|4,647,871|542,528|






|||||||||||||||||||||||Balanceat|Balanceat|30June|2024|£|107,295|89,353||13,662|210,310|5,553,459|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||||||||||Gains/|(Losses)|£|8,681||||8,681|310,322|
|||||||||||||||||||||||||Transfers|infout|£|||||||
||||||||||||||||||||||||||Expenditure|£||(4,833)<br>|(3,220)||(8,053)|(873,340)|
||||||||||||||||||||||||||Income|£||4,992<br>.|||4,992|721,388|
|||||||||||||||||||||||||Balanceat1|July2023|£|98,614|89,194||16,882|204,690|5,395,089|
|NotestotheFinancialStatements||||fortheyearended30June2024|||||||19.<br>Statementoffunds(continued)||||Statementoffunds-currentyear(continued)||||||||||||TrustFundCapital|TrustFundIncome||BetardBequest||Totaloffunds|





|Balanceat|Balanceat|30June|30June|2023|£|193,716|4,410,924|43,231|4,454,155|4,647,871|542,528|Balanceat|30June|<br>2023|£||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Gains/|(Losses)||£||||||||Gains/|(Losses)|£||
|||Transfers||in/out|£|60,000|(60,000)||(60,000)||15,080||Transfers|in/out|£||
|||Asrestated||Expenditure|£|(154,284)|(607,337)|-|—-(607,337)|(761,621)|-||Asrestated|Expenditure|£||
|||Asrestated||Income|£|-|672,533|1,915|674,448|674,448|19,814||Asrestated|Income|£||
|||Balanceat||1July2022|£|288,000|4,388,494|41,316|4,429,810|4,717,810|507,634||Balanceat|1July2022|£|Page35|





||||||||||||Balanceat|Balanceat|30June<br>2023|30June<br>2023|£|98,614<br>89,194<br>16,882|98,614<br>89,194<br>16,882|204,690|5,395,089|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||Gains/|<br>(Losses)|£|3,591<br>-<br>-||3,591|20,825|
||||||||||||||Transfers|in/out|£|-<br>.|-|-|15,080|
||||||||||||||Asrestated|Expenditure|£|.<br>(744)|-|(744)|(762,365)|
||||||||||||||Asrestated|Income|£|-<br>4,718|-|4,718|698,980|
||||||||||||||Balanceat|1July2022|£|95,023<br>85,220|16,882|197,125|5,422,569|
|NotestotheFinancialStatements|||||fortheyearended30June2024|19.<br>Statementoffunds (continued)||||Statementoffunds-prioryear(continued)||||||TrustFundCapital<br>TrustFundIncome|BetardBequest||Totaloffunds|





|NotestotheFinancialStatements|fortheyearended30June2024|ThedesignatedfundsincludeaCyclicalMaintenanceFund,whichexiststoholdareserveateachyearendthatiscommensuratewiththeliability,accruedasat|thatpointinthefive-yearcycle,fortheestimatedcostsassociatedwiththeCharity’snextquinquennialmaintenanceandredecorationprogramme.<br>Atthe|completionofaquinquennialmaintenanceandredecorationprogramme,thefundsheld<br>inthisreserveareappliedagainstthecostsofthequinquennial|programme.Thus,theexpenditureforwhichthese fundshavebeensetasideisexpectedtobeincurredwithinfiveyearsofthedateoftheirdesignation.<br>Each|yearatransferismadetothedesignatedCyclicalMaintenanceFund,tobuildupthebalanceofthisfund,aheadofthenexttimesuchworksarerequired.|ThedesignatedfundsincludeanExtraordinaryRepairFund,whichexistsforthepurposeofprovidingforthecostsofanyextraordinaryrepair,improvementor|rebuildingoftheFrenchHospital’salmshousesorotherpropertiesasmaybeforeseeableasbeingnecessaryatsomefuturedate.<br>Duringtheyear,£175,000|(2023:ENil)wastransferredfromGeneralFunds.|Therestrictedfundscomprisethreerestrictedfundswhichwereallgivenforparticularpurposesandprojects.Theserestrictedfundsbeing:Trustfundcapital;|Trustfundincome;andBetardbequest.|TheBetardbequestmoniesweredonatedandareappliedtoTheFrenchHospitalprojectsthatwill"improveresidents’mobility".|TheTrustfundcapitalandTrustfundincomearenowsolelycomprisedoftheOutgiftfund.ThisfundexiststoassistpersonsofFrenchProtestantdescentwho|areinneed.|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|








## 

## 

|||||||Balanceat|
|---|---|---|---|---|---|---|
||Balanceat1|||Transfers|Gains/|30June|
||July2023|Income|Expenditure|in/out|(Losses)|2024|
||£|£|£|£|£|£|
|Designated|||||||
|funds|193,716|-|(236,516)|235,000|-|192,200|
|Generalfunds|4,454,155|695,432|(628,771)|(235,000)|265,180|4,550,996|
|Endowment|||||||
|funds|542,528|20,964|-|-|36,461|599,953|
|Restrictedfunds|204,690|4,992|(8,053)|-|8,681|210,310|
||5,395,089|721,388|(873,340)|-|310,322|5,553,459|
|Summaryoffunds-prioryear|||||||
|||||||Balanceat|
||Balanceat|Asrestated|Asrestated|Transfers|Gains/|30June|
||1July2022|Income|Expenditure|in/out|(Losses)|2023|
||£|£|£|£|£|£|
|Designated|||||||
|funds|288,000|~|(154,284)|60,000|-|193,716|
|Generalfunds|4,429,810|674,448|(607,337)|(60,000)|17,234|4,454,155|
|Endowment|||||||
|funds|507,634|19,814|-|15,080|-|542,528|
|Restrictedfunds|197,125|4,718|(744)|-|3,591|204,690|
||5,422,569|698,980|(762,365)|15,080|20,825|5,395,089|



||Endowment|Restricted|Unrestricted|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2024|2024|2024|2024|
||£|£|£|£|
|Tangiblefixedassets|-|-|566,046|566,046|
|Fixedassetinvestments|599,953|210,310|2,977,642|3,787,905|
|Investmentproperty|-|-|1,096,235|1,096,235|
|Currentassets|-|-|186,065|186,065|
|Creditorsduewithinoneyear|-|-|(82,792)|(82,792)|
|Total|599,953|210,310|4,743,196|5,553,459|





## 

## 

||Endowment|Restricted|Unrestricted|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2023|2023|2023|2023|
||£|£|£|£|
|Tangiblefixedassets|-|-|417,796|417,796|
|Fixedassetinvestments|§42,528|204,690|2,886,082|3,633,300|
|Investmentproperty|-|-|1,096,235|1,096,235|
|Currentassets|-|~|320,795|320,795|
|Creditors duewithinoneyear|-|-|(73,037)|(73,037)|
|Total|542,528|204,690|4,647,871|5,395,089|



## 

||||2024|2023|
|---|---|---|---|---|
||||£|£|
||Netincome/expenditurefortheperiod|(asperStatementofFinancial|||
||Activities)||158,370|(27,480)|
||Adjustmentsfor:||||
||Depreciationcharges||43,930|43,927|
||Lossesoninvestments||(310,322)|(35,905)|
||Dividends,interestsandrentsfrominvestments||(254,247)|(263,159)|
||Decreaseinstocks||4,305|80|
||Decrease/(increase)indebtors||126,749|(131,561)|
||Increase/(decrease)increditors||9,755|(13,317)|
||Netcashusedinoperatingactivities||(221,460)|(427,415)|
|24.|Analysisofcashandcashequivalents||||
||||2024|2023|
||||£|£|
||Cashinhand||159,118|162,794|
||Totalcashandcashequivalents||159,118|162,794|





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