Charity R•gi$tration No. 229901
R•gthtor of Social No￿1n9 No. A324S
EUSTACE HOOK & DRUMMOND MEMORIAL ALMSHOUSES
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
LEGAL AND ADMINISTRATIVE INFORMATION
Tr￿tra5
DrAAshbee
MT¥A Colp5
MTS S Helly¥
Mr R G Kingsbury {Chw)
Mi M Noonan
V Tpp ITrea8urer •nd Secretary)
Charlty numb•r
229908
R•gul•tor of Socl•l wou￿n9 nwnb•r A3246
Prln¢lp•l •ddv•
27 Hoftsw Lane
Snoth*NI
Kent
ME6 5LP
Audltor
Edipse Park
Srtb'ngboume Ro•d
ljaidsto
Kent
ME14 3EN
B•nk•r4
Nallon4 W*glmlnster Bank Pk
718 London Ro*a
Ayle
Kent
ME20 68L

EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
CONTENTS
Truste85' report
Slatemènl cltru$te#' ￿P￿s11￿1￿1¢S
Independent aud￿3
ststèmènl of f*)•n¢k*l acli¥lb'•s
Bdance •t*
Notes to th• ffinarKi￿ jtstements
10-18

EUSTACE HOOK & DRUMMOND MEMORIAL ALMSHOUSES
TRUSTEES. REPORT
FOR THE YEAR ENDED 310ECEAIBER 2020
The trustees wesenl thelr report and the au¢knd finwKial Staterr￿ of the for the year endad 31
De￿rnbel 2020. The Iru8iees have odoNed th¢ fvYoYAon8 of the statem￿ of ReconYn•nd•d Pra(IGe
{SORP)'kGgunting aThJ Reportww by Clwrtm. In wepth)g the aThK￿l r•wt and finwci815tstemonts dthe
L*arity.
The lknandd slat•m•nts have prep¥•d In accordanc8 7hith th¢ KetyJnling polie4e8 set out in not•s to
the account8 and compty ￿ryth the govemkn￿ docxM*rt, the CharitN?$ Act 2011 and ArLounllng and
RepordrwJ by Chadtie3.' Stslemenl of Reconb))end•d PrKtre app￿.￿ble tr* charrbei wepartng thelr accounts
In a¢CQTdance *lth th FhrKld R•pth Sl•ndwd •ppk•ble kn the UK and Repubk of knlarKI publlshed Ni
CttoL*r 2019.
CWtlv•• and aclfvftl
The L*arty formed to proth I￿ o)•1 for porrf ¥￿￿ •rn not leu th•n y•arn of
age and bom In, or trA¥e be•n 4n knhalxt•rt ts nol I￿n te￿ y•w8 of. th• Padsh of Snodl•nd,
KonL
Tho tNstwB hav• pakl due r•gud to 9￿dance luu•d ty th• cha￿ Comml¥•lon In d•chJlng *th•t •¢lvlOo8
the chadty 8houhJ undertake.
Publlc b•n•fft
In m•noglng c*¢ATW• •thi11￿ •rKI fin•ncm thwlng ts Iln•Ka•l y•w. the Iru•ts•i ww• aware, aTrJ h•d
duè rng*rd to, tho Chwty CommlMkn'8 on publk benofiL
A¢hl•vwn•nts •nd wrfrym•n
Th• wa* Succes•fi￿ In T8talnlng occupancy of th• almhou8•¥ (k¥lng thv y••r, Ind coll￿ted
m•Intenan￿ conthbutv)n• from all t•n•nt8. To •n•we arn money, we have main￿ned
corffibullon ￿loW IM cap énforc•d by the Regulator for So¢i•l Houwng. tkn to thé Co¥1&19
pandemk, Io Tefurbl8h the kllch•n aThl t￿t￿00M •ru• of t￿ il*ts Indèfirdtdy poilpon•d In
•CCordon￿ wth govwnm•nt 9uwj•n￿ M 8od•l di•t•nc*v4. De•pite the challenge$ ￿ed by th• pw)d•mbc,
e88&ntl•l repair8 and Mainten*￿ dld. h(t￿Or, cortim * l*• pl¥4 a8 r•qulr•d so 18 to •nwm h
quallty fvng •tsnd•rds for al re*idtirt&
An•nGl•l v•¥l•w
ring the ye•r WKl•d 31 2020. th• ch•rfty ￿lected COntr￿U￿5 from r•Jldents tvwardj t
malntenance of the almthOU￿ to £42,810 (2019.. É40,878) VAKI generated other Imieslmont
Inwn8 of £4.59412019'. £4.282). T￿ ￿ Income was £47,404 (2019.. £45,16014Th1 ol that £40.707
(2019.. £54.970) was •ypend•d, gph)g a wrplu• (201*. delkll) forth• yew b•forn MO¥•Th￿ on In¥ethnts
01£6,69712019: £9,810).
An urwelllmd lo¥$ P019: g•lnl of £4,635 (2019: £16.3091 *•s r•coy*•d kn i•sp•¢t of the Ilsl•d
Investment portfolio thè y&*. There **re no reamsed 9ans or1088es lh• ye•r P019'. £NID.
Th• ovwal Surp￿5 for th• y•ar t2.082 Q019: £6.499). A• at 31 C)ecenkn 2020, th• not
sem$ amounted to £339,678 (2019.. £337.616).
The trust••s have as8ess•d the r15kts to *thkh lh• dwity ri •xposed. •wJ we Mli8fied thal systems •r•
In place to mitipts exposure to the ii5ks.

EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
It is the policy of the thanty to Lllmately M￿ntsIn Yrn6' rosep￿ Ibw'ryj thBt eleTh￿nt of the unrestricted
revenue reseThe whkh Is not ft￿￿ng flxed asselsl of approximateFy one ye•rfs mainten*Kt ¢mtrlbL￿ons
uplift8d to cover anlKApaled expendrture for the ftAkn%irwJ year.
AS at 31 De¢￿ber the fre¢ rueThes of chaiity amounted to £138.387 12019: £139,308}. Tho tw¥te
onsider the dosing level {beiny rtsughty equivaltrnt to 6 {2019.' 4) years of runniry COBts} and grovAh of free
M8erves to be •dequate, alknw'ng for unplanned eyndttUTe.
Dedgnatsd funds at 31 D•c•mb•r 2020 total £201,29112019. £198.3081- fee note 12 for dotaS18.
Plan• foT fthure p•rlod•
The chaiity has embarked ￿ a renovation prtyrnm to irry0￿ th& Imllg qu* ofthe almshou*es. During
2020. the charity had interthd lo refurbish the krtthon and vknt-room 8fea8 of t%￿1 flat8. Due to the Co¥i&19
pandemk. Iheso plans dld not malerlalse. Howewr, IM charity rernains c<4rnMttod to ￿dertak￿Y theie
r•novatlon8 ￿en social di8tsncing me•8ures are reiaxed in 2021.
Structurn. gov•rn*nc• and m•n•g•m•nt
The truslem ofthe ¢harty vkno ￿ld Offi￿ throughtsul thé yèar tAero 88 fol¢M'.
Dr AAshbe•
Mr$ A Cole¥
Mr$ S H•llyar
Mr R G Klngsbury (Chalr)
Mr J Levett
Mr M Noon4n
Mr• V Tipp (freuurer and Se¢r•twyl
IRwign2d 31 O¢tober 20201
In accordan￿ ￿th charfty's regulayons, the body ol twste¥s shthAd consist of no more than
8•v•n compat￿1 pwsons. belng two Nomknatfve Trustees (nominated by the Snod1•7d Town Councl for fts
y•ar lerrnyl and five c¢>opted trustees eath, lo serve for a period rf 5 years. The officè of chalman Is subject
to dectlon 8nnu8ty. Mrs A Cdes and Mr¥ S Helly¥ rntn by rotatiM at ts 2021 Annual M••tSng. TW offer
them¥efves for reoleclion.
The charfty Is reglstered vllh Chwlty Comm19￿on kn England WKI K&le8, Charfty number 229908. 1118
•8tabli¥hed under Trusl Oeed5 dated 30 Juty 1900 4rMI 10 May 1904, subwu•ntly a Scheme approved
by the Charty Commis$icfftrs dated 11 J•nuwy 1980. 11 18 *0 rnglstor•d *lth Ihe Homèi Englwd und•r the
Houslng ond Regener•tion Act 2008.
The tW8te•s form a Committeo of man9gw7￿rt meets ￿l¢e a year on an a&hoc baBls to control
8nd monitor the performart￿ offv ¢h8rlty. Day to doy ¢peralion$ we controlbed by the secretsry.
An annu*l stralegK plan 1$ woduced to enjfft the ¢hadVs h￿1￿9 stod( is kwt fuly m•intwned.
A? part of thdr i)n•lng Manag￿nt of the charlty. tr* tru8tMs review tr• effe¢tr¥erw8 of 8y8tsm of
ntemal control ￿1¢h they acknTh¢ddge lo b• th¢Ér re4￿1¥1b11ity.
Audltor
On 7 Sèpt•mb•r 2020. GroupAudr( Services Ir*Jiry as Wlkins KellnedyAudit Sem￿$ ¢hangad Its name to
AzetsAudtt se￿Ces LI￿d. The name they under isAzets Au&t Sorwc86 and xcordin4y they have
signed their report urMJ•r1hew new name.

EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2020
Golng ¢on¢•m
At th8 time of approvlng the finandal statements, trustees have a leas(￿able expectation that the tharity
has adequate resources to continue in operational existence for foresee•t4tt fulwe. Thu$ the trustees
conknw to adopt the ￿n9 concern baws of ac¢ounting in prepaiwvJ the ffflwKrJl sts¢en*nts.
DlselNurn of Infomi•tkn to a￿*tor
We, the dlrectors of thè company wtho olThce at the date of approval of ih•se State￿nts •s sel
out above eoch wifirm, 80 far as ¥￿ ore w4re, that..
Ihere 18 no relev￿1 audit inforMat￿rt of ￿1¢h the cOM￿ny.$ a￿111￿$ are Lnaware.. aTh
w• have taken all th• steps that Ou￿¢ to have taen as directors in order to make oUW￿•S
••Mre of any rdevant audrt infomiation and to estsbli8h that the ￿￿anY,$ a￿111£*8 are aware of that
Information.
Thè trusiee$' r•pcrt approv•d by th¢ 804rd ofTruthei.
Ing
h•lv)

EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
STATEMENT OF TRUSTEES. RESPONSIBILrriES
FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees are re8ponsthj￿ for preparing the Tntstees, Rewt and the fin￿¢111 tstatem￿ts in a¢¢ordan¢e v*ith
applicabl¢ law and Unrted Kingdom P¢coL￿tIlg StsndaYd$ (United Kw¥Jdom Ger*raMy Ar£ep￿￿ Accounllng
Pfactv}.
Th• law applica￿* lo ¢harrb•s in England arKI V*les requires the twstee8 to wepare finonrAal 5talemenli for
8ach ffnanclal year vthlch gl¥e 8 true and falr of ihe state of aff•w¥ ol the ch•rbty and of the In￿mIng
raswrces and application of resources of the charity for that year.
In preparing thtsBè finand•l statements. the truthes are reqund to..
- $èlect 8Ubtsble ￿Unting PO￿￿1 #rKI then appy th•m eon*'stènty.'
- obsep40 th methods and prfrKlpl•s In th• Charlll8s SORP:
. make judgements 4nd that are re••onth and yudert
- $tat• v•t*th¢r appli￿ble account*l9 thrrtl•rd$ h•¥• be￿ fdlty**d. 8ut4•cl to wy mat•rl41 d•partures
dis¢losad arwj eW•in•d in the fin•nd•l 8l*err*nts: Jnd
- prepar• th• fln￿cIal 8tslements on the goiThJ concwn ba•lJ unl•s8 ￿ 18 Inappropn•l• k) pr*•wr￿ that th•
chwity Wil cortinue in op•rnti¢)n.
Thg trusl¢es aro responsible fr*r keeping $uffiognl a￿Unting roc4>rds that d15cb)sa with rèasonable accuracy al
any lime the fin8ncwl positK*n of Iht ch*ity and onable them to ènsure that the fflnardal statements cOm￿Y *llh
Charltle8 Act 2011, the Charfty (Attounls aThJ Rewitsl Re9ulabon• 2008 and the provisign¥ of Ihe trust
d•od. They aro a180 re8pon8ibl¢ tor 8af¢guardin9 the avets of the (*￿Ilty and ￿nce for reaionable
steps for the prevention and detectiM of fraL•J and ￿er 1ffegU￿rlt1eI.

EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
¢l>lnlon
We h8ve audrted the financlal statements of Eusts¢e Hook & Drummond NknIoflal Almshouse$ Ithe 'charty? for
th8 year endad 31 Dec8mbar 2020 vthich compris8 the statement of financial activities. the bal4nce sheet arKI
the notes lo the flnand81 stalernents. induthng ￿gn￿GanI arAunting Otseg. The financial reporting framework
that has been applied in their wepafats.cffl rn appIca￿e law Unite(I lfjngth)m Acc(xmting Standards. includlr*d
FRS 102 The Fina￿G￿l Rwrting Standard applKable in th8 UK and Repuith of freland {Unit•J KiThJdom
G•n•r41ty A¢¢*pt•d A¢￿Unting F¥aciicel.
In tyJr oplnlon, the ffinandal Bt•tements'.
give a true fa￿ view of the 8tate of the ch*ity'8 affa*8 88 at 31 DO￿rnber 2020 and of kncomtrs
re80urce8 and appllcalon of reGource6, for the yèar then erthd.,
havè propoty pr•par•d In accord￿ Untted Ktr•Jom Generalty Acc•pt•d Ac¢ountry Pr4dlco;
and
have been prepared in a¢￿￿￿an￿ wilh the rnquir•rMnts offv ChaithesAd 2011.
8•11• for oplnlon
We conducted our audit in accordance vnlh Inlem*bonal Stwd¥rd• t)n Audibn9 IUKI (ISAS (UK)) and applicable
law. Our resp)nwbilth'es under th04e SI￿dards ar• furth•r d•scrlb8d In the Audltorf$ responsibilities for the audll
of the financial ststements section ol our report. ¥Ats aT• independent of the th4rity in •c¢ordan¢e v￿h the ethical
requlremenl8 that are relevant to our of tre f#Mnc4al $tat•m•nts in the Uli induding the FRC'¥ EIhir￿1
Standard, and we hove lulfilled our other 1th1￿1 responsibdit￿$ in a¢cord•nee w7th Ihele requirements.
bell•v• that the •udh eVkJen￿ h•ve obt•lned li •uffkl&rt •pproprl•t• to fftd• • ba&s k)r our oplnbon.
concl￿1•nI r•latlng to golrva conc•m
In 8udth.ng the finarrial statement8. have concaMl•d that the tr￿le￿. use of the g)Ing Concern ￿111 of
accountlng kn the preparats.on of the fflnancl￿ 8t8tements 18 aFvropnate.
Based on the VA)th V•* have p•rfom*d. have not identill•d any maleri•l wcertJintl•• rolallng to evènl# or
ndits)n$ that. indiwdualty or cc4le¢tiYety. may ca8¢ signknt doubt on thè charty's abl1￿ lo conllnue a• a
golng concem for • pe￿0d of at least n￿thI from V•tten the finar￿al stat￿￿ts 8re •uthoth•d for luuo.
{￿r responsib01bt￿ and the re8ponsknilitie8 ol the truBt••s with reiF*¢t to going c4ncem are de8¢rbed in the
r•levant se¢tk*n8 of this report.
CXh•r InfomMtl¢n
The other In￿m￿YOn ¢omwl•e• the KKluded In the TW8t•￿' ryAt other th•n Ihe finon¢l
statèmants and our aLMlho¢s r•port th•reon. Th• trust••s are respOn￿ble for the other infonnalion contained
rfthln tho annual roport. Ow opknion on the financial statemerrt5 does rK)I cover the other Informathon 8nd ￿ do
not expre89 any form ol 48SU(￿ cfjndwon thereon. L￿r reyin¥ilylty is lo read the other infofmth'on and, in
doing so. consider ￿ether the other irrformation ts materially m¢onststent with the finandal slat•menls LY our
knowledge obtained in the ¢ourse of tr* audit or oth•N*iSe appaars to b• mat•rialty mvJ5t8ted. Ir we Klentrfy
Such material inconsistencies or apparent material Mi*Stat￿nent8. ￿ are requlred to delerfflne wthetr*r this
glves rlse to a matedal mlsstatemont In the financlal statements themselves. If. based on Ihe work we have
pertomi¢d, ￿nClUde that there 1$ a material mrastatement of this otheT inf0m4￿n. we are required to report
that fa￿.
We have nothiThJ to report in this regawd.

EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
INDEPENDEKf AUDrfoR'S REPORT (CONTINUED)
TO THE TRUSTEES OF EUSTACE HOOK & DRUMMOND MEMORIAL ALklSHOUSES
Matt•rs on whl¢h ￿ ar• r•qulr•d to r•port by •xc•pti
We have nolhlry to report In resp•ct of foNowirg matters in re￿ti￿ to *thich ￿ ch*b￿￿ {knLmts and
Report31 Regulat￿n5 2008 requye us to report to you rf, in our ¢F*IP￿..
Ihe infomalion given in the fl￿¢411 stat•ments ￿ incorwtent in any mat•rnl r8sp•d with the trustees.
report., or
Suffici￿rt accounting r•ctyds ha¥e not bwi kepl.. or
the flnan¢l•l 8thtements are not in agreement vAth accounung recofds: or
we have not re¢efved ￿1 IM Infmuon and eWanakn$ requi￿ our aud
R•spon•lbillll•s of tnMt•
A$ 8xplain8d more ftlty in Ihe stalw￿ of tru•1¢￿, TUp￿ibIlIleS. the 1ruSt•￿ *rt rtsponsibl• for tho
prepaTab"on of the financial SL￿t￿￿nI# and for beirs $8tisfied that they gNe a true and fair view, and for such
internal control as the trustees deterrrwne is ne¢ewry lo enab* the Ple￿rat￿ of fiMnaal $tstsmont8 that 8
free Irom material misstatement. whether due to fraud or effor.
In prepwlng tho fflnandal 0tstrjw￿, the trustees we resp<miblè for the 4bllty to cortinue
a8 a golng concem, dlscb?￿ng. as apph'cable, matter4 rnlaled to 904ng f>JKem and usiro the gtyng concern
basis of accountlryJ unless the trustees irtend to op¢r•tion$. ¢Y h•ve nts real¢&tic altemalNti bul lo
Audllorf• r•spon•lbllltl•¥ lor ofth• flmncw #tst•m•nts
hav• bgen fjppoint•d a$ a￿10T urMl8r udon 144 01 the ehath Ad 2011 ond rep(xt In •wordanc• Y￿th
IhèAct and rdevanl rt9ulalions madè QT ha¥¥w 6ff•ct thw•mder.
Our objeGliveJ ore lo obtsin reasonable 855urnnce about vthether the ffimncial st4l&rnnts as a vhole ore fr
from material misslat•ment. du• to fraud or eiror, and to issue an auditorf$ rgwt Ihjt includes o
opinion. Reasonable assurance is a high level of a88uranc6 but is not a guarant•• that an audk conducted In
accordance vhth ISA8 IUKI ￿11 aNvay$ detecl a materfd mlgststemenl vthen it exi8ts. ml3818ter￿nts cgn arise
from fraud or error and are consldered malerial rf. indmdually or in the aggregate, they c4uld re•$on4bly be
•xpected to inf￿nce the ecorx>mK deli5￿8 of usern taken on the b••t• ofthe•e fin¥￿•1 sthtements.
A further description of our responwbkn i# *vaI￿le on the Fina￿1•1 ReportiNJ Coundl's al: ht￿..11
M.frc.ory.UkJaudltornrewn•*l￿'eI. Thi d•8cryti'on form• p•rt d our audltots r•po
Exl•nt to ￿ttl¢h the •udll w•• COMld•rnd ¢l￿ble of d•l•ctlng Iff•gul•rltlH, Includlng fra￿1
Irregularitie8, including frai*J. are in8larKo$ of nor￿￿rnFIIance with laws and reg￿allOn9. We desiJn proc•dures
In line wlh our Tesponsibililie5. ¢Judined above WKI on the Fin4nci￿ Reporting Coun¢l'$ wYbwt•, to d8t•ct
m&teri•l misstthments in reyct of iffegLd¥ths. indudwvJ fraud.
We obtaSn and update our understandlng of the entity. its artNibe5, it¥ Contr￿ environment. arKI likety fvture
develcpmenty, including in relation to the legal and rewlatory fraMe1w￿ opplicoble and hcw ts enw 1$
COM￿yIng vthh that framewoth. Based M th18 understsnding. w¥ Id￿tity aThJ amess the risks of material
Msstatement of the financial statements, vthether due to fraud or error. de$yn and perfomi audrt P￿edureS
iespon$Ne to those risks. and obtain audit evide￿• that is suffiCi￿t and appropriate to provide a baws foT our
¢¥inion. Thi$ indudes con￿d￿0110n of ii¥k d acts by the onuty that wore contrary to appl￿ble lawa and
regu1811on$, Incluthng fraud.
In re8pon8e to the rfsk ol Irregdsriti￿ *)d nortr¢0m￿￿4nc¢ tmlh la￿ and r•gUlati￿1, indu(ling fraud. we
dewgned procedwe$ tfvhM¢h rKlud•d:
Enquiry of managem•rt aThJ I￿)¥e ¥&ilh 9ovemwKe ar0￿d •knl and fftntial IlIga￿On and
claims as V•EII as acbjal, suspeL*ed and aleged fraud.,
As$es$ing the extent of Complian￿ with the kws and r•gul•tThs consKlued to have 4 ditct materiAI
effect on the financi* stalemerrts tythe opefalOon8 oftm thiwgh and Inspeclon,.

EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
INDEPENDEKf AUD￿OR's REPORT (CONTINUED)
TO THE TRUSTEES OF EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
Rewewng finarKaal sL*ement d￿¢￿sure5 4rwJ te¥tirvJ to swptsrting dooynentat￿ to asse
compliance appli¢at4e laws and regLdation$',
Perfomiing audit over the risk of management bias and override of controls. Induding evaluaung
the business ratsonale of s￿nIfiCant traftsath.ons tyJtside the r#ym•l ¢ours• of busyws and
a¢￿untIng estsmates for indkatOTS of potentpl bias.
B8¢aus• of the Inherent Imttauons of an au(It, thar• Is a that not d•t•ct ￿ irregul•ritse$. induding
those leading to 8 material misstatement in the financial ¥latements or non&cOm￿lance ¥￿th rewAati¢)n. This ri3k
Increases the more that ￿n￿lIance Hiih a law or fegLlatiM fd rtmoved from the events and transactions
r•flecled in Ih finanoal slai•ments. as w wil be l•$$ ffik•ty to bthime aware of instances of no
Corn￿lance. The risk of not detecting a material misslatemenl resulting from fraud is hwjher th￿ for one
resultlng from erru, u fraud may invofve Colusw, fwgery, knlenlknal omlsslons, mlsfepresentalknns. or the
ov8rrlda of Intomal control.
lh• of our r•pDrt
This report 18 made Bolety lo the ¢*anty's Iru8t¢e$. a$ a t**. in Awordance part 4 of the Charitse$
(Accounts arKI Repothl ReguLgtlon$ 200B. Our wjit work has been uThYertaken $0 that we might $tsts lo the
chaiity's tru5tee$ those mattern we are required to state to them in jn auditors, report #nd for no ¢)ther purposè.
To the fullt8t èxttnt pemibtted ty18w, fft do not accept or 488ume re3Fth￿bIlIty to anyono other than the tharlty
and t￿ chadty's Iru8t••s as a body, our audit Work, for thls report, or for the opinions hav8 fonned.
Mlch•M• Wllkv FCA18•nlor 8t•tutory AudStorl
for and on b•￿1101AZ•ts Audlt S•r¥lc••
hart•r•d Aceountants
Statutory Audlt•x
7 October 2021
Globe Hou0•
Edip*e P•rk
Sitbngboum? Road
Maid$lone
Kent
ME14 3EN

EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
STATEMENT OF FINANCIAL ACTivrfiES
FOR THE YEAR ENDED 31 DECEMBER 2020
Unrnslrict•d Unr•Jtrict•d
fund$
nd•
2020
2019
Donations and kga¢le8
Inve8tmenls
42,810
4,594
40.878
4.282
ToL*l Incom•
47,404
45.160
Charitsble actNbll•s
Cxher
34,153
6,S54
48,638
6.332
Ttstal •xp•ndltw•
40.707
64.970
t {lo￿*S￿9a1na on In¥•8tm•nls
14,635)
16,309
N•1 In¢om•
2.062
8.499
Fund b#lancei at 1 January 2020
337,816
331,117
Fund balanc•• at 31 Dec•mb•r 2020
12
339.678
337,616
The •taternent offin•K¥al aGb¥ith•i inthdes 41 gaTh and rewNsed hi the ye•r.
l income and •xpenditw• derb* from c*ntiThJiNJ ￿￿￿￿e$.

EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
BALANCE SHEET
AS AT 31 DECEAIBER 2020
2020
2019
Fix¢d *ss•ts
Tangit48 assets
Inveslments
56.272
145,019
75,030
123.278
201.291
198.308
Cumlnt •*••l•
Dèbtors
C•ih at b8rd( arKI in h•nd
10
744
142.492
698
143,225
143.236
143,923
Cv•dltov•: •mounl• hlllrrfJ du•
on• y••r
11
{4,8491
(4,615)
N•t curr•nt a8uts
138.387
139,308
Totsl a*••ts l••• curr•nt Ilabllltl••
339.678
337,616
In¢orn• fvnd•
Designated fvnds:
Fixed 0$8et fund
Inve$th)ent fund
Other fvnd
10,686
145.019
45,588
14,248
123,278
60,782
Tot81 designated furKts
G•n•T•I unr¢¥trlthd fund#
12
201.291
138,387
198,308
139.308
Unrestrl¢t•d fund•
12
339,678
337.616
q.Iq1.21.
The financl8181atemnt• approved by lh• Twstett on ..... . .. .
MrRG
Trust••
n9st￿ry {
Mrn V Tipp (fre
Tru•t••
ror ￿ SecTetaryl

EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 DECEMBER 2020
Accow￿ng poll¢l•8
Charlty Infornmoon
Eu5tsce Hook and Drumn￿)r￿ Memorial Am8hou8es (the 'charty'l is registered as a thanty with the
Charity commi88￿n ¥1 Ewknd and ￿￿les. Ch¥rty nLwnber 229908. The registered address Is 27 Hollt)W
Lane, Snodland, Ken( ME6 5LP. The tharrty 1$ also registered with Homes England L￿￿r the Housing and
Regenernlion AL* 2008.
The nature of the d)ariVs operatknns and pdnclpal actlths 1$ to wowde low cost housiry for poor persons
who ar• nol hss than sixty-fve years of age and V*Ere born in. w have been •n inh¥brtanl for le$$
than ten y•ar8 of, the partBh of Sno(Aand.
1.1 Accounllng conv•rtlon
The finan¢iaf Itstements have been preparéd in accordancè vAth tharfty's goveming dC¢Ur￿nl, the
Charities Act 2011 and -Ac¢ounting and Reporfong by Ch¥its•s'. Stotemenl of Recommended PractKe
•ppli¢•b￿ to chaiits•s pr•p8riT¥J thalr accounts kn accordance the Fin•nci•l ReportirKJ Sl?ndard
appllcable In the UK and RepU￿1C of IrelarKI IFRS 1021 ￿SU*d in October 2019. the Financial Reporting
Standard applicgbh in th¢ United Kirydom and Republic of Ireland (FRS 1021, the Charitle8 Act 2011 and
UK Gw•f•ly Awted Ac£ounliry Pr•(*Ke. The ch•rrty iry a 8er￿1 Enttrf a8 d￿ned by FRS 102.
T￿ ¢harty has taken knnlage of the w￿lOng In U)• SORP for charttle8 aPF4ylng FRS 102 Updat•
B￿lets'n 1 not to pr•yrè • Statsment ofcmh FIM.
The financial statements halt de￿rted from the Charit*$ lA¢C￿nIS and Report8} Regulations 2008 onty
to the extent required to pmvid• • Inte •nd fair view. This departure has invthtd lollovAng the Statement of
Recommended Practice fvr ¢h4ritle$ apr4ylng FRS 102 rather than Ihe veT3ion of the Statement of
Racommnded PrxtKa v*4ch 18 rnf•rr•d to In tho R•gU1th￿ bul ha4 ￿lthdr￿n.
The flnancl418tatements are prepared in #erfin9. is the funclion•l cuTh*)cy of the d)arty. Monetary
•mounts in Ihew finfjnGi￿ •t•t¢nwts am rtyJFKled to the n•*r•8t £1.
Thé financl81 statements have been prepared under the historical Cost convenlion. modrfled lo Incbude the
revaluation of freewd prcwb'es and to indwje imiestrrnnl properb.tt and certain f￿anCIal Instr4Jn•nts at
lolr ¥olue. prin¢ip4 •ccounting policies adopted •rn let out bel￿.
12 Golng cmm
At the time ol 8ppYoving the fm8nual statements, Ihe tru8tee$ have a ￿asOnable expeetalion Ihat I
charfty has adequate resou￿ to continuo in operational existence for the forè8eeab￿ fiJtur•. Thus I
trustees continue to adopt the gfxng c£Jn¢em ￿111 of 4¢¢0unb"ng in yeparing the flnancaal ¥lalom•nts.
1J c•￿VItabh
Unrestricted fund5 8Te available for uge It the dK¥elion of th• trueteel of thelr charflabbè
rknledve8.
Designated fiJnd$ conwrise fvnds ￿th1¢h have been gsid• at the d18cr8kn of the truytees for Specir
purp)w. PU￿ and usas of the des&nated fund5 we 8et out in the not•$ to the fin￿cial
statement
1A Inwjn
Maintenance CLVrtribthns from residerts are recogrmsed as trthme *then recetr4•d by the charity.
10-

EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
NOTES TO THE FINANCIAL STAT&MENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2020
Actounling polTrcl•s
IC¢)nllnu•dl
1.5 Expen(I￿r•
All expendlture is a¢￿Unted for on an a¢¢n￿lS basbs. Eypenditure L8 dhxated to cost categorie¥ based on
lh8 amount attributable lo that *ivity In tr* year. Irrncov8rable VAT 15 all¢)c*d against the r•lat•d
1.6 Tangibl• fix•d M•4ts
Tangible fixed assets (Inckmlwig scthl hou•iw prowtssl 4Te stated at colt. Thè of houslng properties
Judes the followng:
08vdopment exFendI￿Ve. irKknthNJ m4or 8lru¢lural r8lurbishment
. Amwnts equ411o a¢qLIs￿on elxl dw•Ioprr￿rt al(yKdnrx reeelv*bl•.
These costs are either lem*d -qualfylry costs" for apwoved hthming •ssociation schames and ar•
)n8thred for mrtgage kians by rel￿•nt knnding ¥Uthorit*•. or are mel oul of the Chartty's rnseNe¥.
The cost ol acquldng the Ch8thy'$ houslng land and l)ulldings, ho￿Ver, 1$ not Ind(xkd. rrt￿ lo the
almshouse$ 1$ vested in the Chanty the temis of the trust deed$ dated 30 Juty 19QJ and 10 May
1904. The ¢I￿rIty th•r•forn never irwT•d ony ￿5t kn wwbrwJ l•nd and ￿￿(Ing$.
The CO￿ of houslng land and bulldlry 18 deprecialed O￿T the ptsriod to 2023. Tho Tru$t•e• Gon¥id•r thi•
to b• a r•a8onabl• r•fl•ctson of Iho ex￿￿•(1 &fe of the deN￿OP￿nI ¢08t.
1.7 Flx•d a•••t In¥6•lm•nt•
Fixed a$8et inve$lmenls ar• In￿alty m•a$ured at tr8n$8(th prf¢e excluding tran&tttlon co8ts, and are
Bubsèquènlty mèa$￿ed at faor value at eKh r¢wting date. Charrfw in fair Vall￿ are recogniwl in net
IrK¢m•ll•xp•ndllw•l for the year. Twuction co•ts are exp￿)1•d as incurred.
1.8 Imylrn￿nt of flx•d ••••t•
At 9och r•port*4 •nd date, t￿ ew revkn the carrylng amounts of ttl taNJSbl8 assets to determlne
w￿th￿r Iheffj Is any Indl¢allon that th0￿ assets have •uffered an Impalm￿ntIO8$. W any 8u¢h indi￿tIon
ex18ts. the recoverable wnowt of th• a8*¢t is e*lim*led In Ixder to deter￿In? the •xknt of the Imp•im)enl
los$ (if any).
1.9 Cabh *nd ca•h •qulv*hnts
Cash and cash equivalent8 irdudo c••h In hand •Thl d•p8its fr￿1d at call banks W*ilh origwwl
m•iuriti•s ofthr•e months or l•s$. aNI bmk overdraft
1.10 FIMncl•l Ir*trum•nls
The ¢harty has elected to the ￿￿751￿$ of Seclion 11 'Basic Fir)andal Instruments, and Secik*n 12
'Other Financial In$truN*nt$ Issues. of FRS 102 to al of its fnanciai in3twments.
Fin•n¢i•l ingtruments are re¢ognI8ed in IM dwlty's b•lwKe Sheet tr* ¢thty b•¢cAn•8 party to th¢
contractual F￿lsiOnS of the instrument.
FIn￿da1 agsets and lablllll•s w• offsrt TAith the nèt •mosJts In the slatements. vhn
Ihere 13 a legaly enforceable right to set off Ih? rewgnised amount5 and there M In intention to $¢tU• on
net basil or to realise the asset setlla the ￿MultanerA￿ly.
B8$1¢ Ilnan¢lal assets
Basic financial assets. indude debtors and cash and bank balances. ore InWaMy moasured at
tranSact￿)n prfce Includlng transaction costs and are 5ubsoqL• ¢aThied at amorti5ed cost using the
effecbve interest method unless the #rrangemenl ¢￿st11uteS a finandng trangaction, whwe the transaction
19 measured at the presenl V￿￿e of the fLrtUTe receipts discounted at a market rate of interest Financlal
ssets c4as8hled as receivatle *ilhin one year arn not amorb￿.
11

EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS (COPtnNUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
AKowbtlrwJ poll¢l••
IContInu￿)
Bg8lc financlal lithThb"e8, IrKludlng uedltors and bank bans arn INb"alty recogni8od at transadon price
unles$ the arrangemenl ￿￿$11t￿leS a finanorvj transa¢bon. %there the debt instnmnent 1$ measured at the
pr•sefrt value of the future payments discounted at a market rnte of intere8L Financial liabililitrB damified
8$ pay8t4e one year ￿ not wnorti•e(l.
Debt in$truM•nt8 ar• sub8equ•nty cairi•d at anwli￿ cost, ￿Ing the •ff•c*iM inl•rest rate m•thod.
Tradè credltors are obl1ga￿On3 to pay for gotsys or soNkes that ha￿ bèèn acquirnd In the ordlnary course
of operalions from wWiers. Amounts payabte are dasslfied as current liabl6tY&s rf paymwrt is due wilhin
one year or less. 11 not, they are presented a5 r￿n•CUrrent liabilibes. Trade creditors are recogni8ed initi•ly
at transaction prKe aThl subsewently Th*•8ured at amorti￿ cost Ihe effec*"¥e interest method.
D•rn¢ognlrfon of fln•ncl•l Il•bllltl•s
FinanrAal li•biliti'¢i •re derewiled ￿then th• tharity's ¢ontr•Gttwl obl¥atv)ns •xpw¢ or ¥0 di$th•rged or
cancelled.
1.11 Taxatlon
The charty 18 an •x•nyt charity *ithin th• mtraning ol sched4A• 3 of thè Charitses Act 2011 and 18
considered to pass the tests set out in P￿gra￿ 1 S¢hedule 6 Fin•nce Act 2010 therefore it meets
th& defin￿lDn ol 4 charttable com￿nY for UK corsx>raknn lax purp￿
cr1t1c￿ acco￿lIng ••tlmat•• and Judpmw
In th¢ appl￿all￿ of th• thJrity'¥ •Cr￿Untr.n9 policie¥. the trustees are required lo mJk¢ jud9emerrts,
eslimate$ and assumpts'ons ab￿rt the carrying amount of assets and tiabilrtsts that art not readily apparent
from other sources. The estimates and assockn￿ed aSsumPt￿)n8 are based on historical experience and
othor factors that ar• con8ldered to bè rnlevant. Athjal nw dffter from these OStknat￿.
The eslimatss •nd undertying assunwtions we re¥￿*￿d on an ongoiry ba￿3. Revisions Its accounllng
estimgles af• reMgnSsed in the peri¢>J in tthtich the estMn•te18 revised the r•visbn affxts onty that
riod. or in the period of Ihe revi￿0￿ and fulwe periods vknefe the re￿￿On •ffects both cuThent arKI firture
p•dod8.
The folbwing are the signrfKwrt man￿ement judgements made in appfying the acC￿ting policie* of the
harity that have had th¢ mst wgntfi¢ant eff¢ct w arn￿￿ts rncognised in the fin•n¢ial $t•lement8.'
Valuat￿n olt8ngth Ihed 8ssets
Housing properties in tangible f￿•d a￿￿￿ arn valuod at dbom*l e¢At # at 1 J#Th￿ry 2014.
Valu8tth olfkx8da&wt *w6sh
Fixed as￿1 invesknenls arn valued at ¢hxing MKI mithet value at the b*l•nee date.
Donatlons and l•04¢l•s
2020
2019
lJlainlenanc• conlributions
42,810
40.878
12-

EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS {coKfiNUED)
FOR THE YEAR ENDED 31 DECEAIBER 2020
IKome trom Inveslments
2020
2019
Incorn on investment ILThI
hter&8t recelvab
4.315
279
3,680
602
4,594
4,282
Ch•rftsbh icovltl•s
2020
2019
Rales and wal
Ught and heal
Property r•pglrs 8nd mainlenance
In$ura
Oepreu•I￿n ￿ freehdd prcyerty
3,428
3,371
635
24,708
1,166
18,758
10,253
1.208
18,758
34,153
48.636
8 othgr
2020
2019
Bank ¢harg¢s and Snternlt
Audltor's remuneration
Other nonvaudit f
Secretary's f•es
Subscription$
Sundry
104
2,592
1,476
1,681
661
40
107
2.450
1.510
1,804
183
478
6,554
6,332
Tru¥t••8
The ¢harity had no erfvees thring Ihe year12019'. NII.
The Be• rec•ivod a9wegato fo￿ for h•r ￿0th1n9 to £1.681 {2019'. £1,604).
The secretary also reimbur8ed £NII (2019: £28) In reepect of malnknance c08ts of ￿ttl¢h she
personalfy, on behalf olthe chanty.
No c4her trustse$ received remuneration from Ihe ¢harlty durir•J the year12019'. £NSD. No expenses V•*re
paid or relnl)urned to othertrustees during the year (2019.. £Nil).
13-

EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
NOTES TO THE FINANCIAL STATEMEKrs IcoKriNUED}
FOR THE YEAR ENDED 310ECEAIBER 2020
Tanglbl• fix•d aM•ts
Fmhold land •nd
l)ulldlngs
Co•t
At 1 January 2020
536,176
At 31 Decomber 2020
538.178
D•pr•Gl•tlon
At 1 January 2020
Dopwiafjon ¢harg•d year
463.146
18.758
At 31 D•c•mber 2020
481,904
C•rylng •mount
At 31 December 2020
56.272
At 31 De￿mber 2019
75,030
At Ihe balance yhèel date. the tharity thvned property corrtained len12019.. ten) thAeling units. Al len
of the unrfs **re in use throug￿uL the ye* for the one pnncipal acbwty of the tharfty.
Flx•d •M•t InvMtm•nl8
Ll•t•d
knvMtm•nt•
C￿1 or v4luatlon
At 1 January 2020
123,278
26,376
14,8351
Vak￿￿on Gh•nges
At 31 D•cambef 2020
145,019
C•rylng
At 31 Decèmber 2020
145,019
At 31 December 2019
123,278
Listed investments arE valued at doswvj mxkn￿￿et Val￿ at the balw the¢t dète. The historical c08t
of T￿ed amet investments 1$ £101,931 12019.. £75.555}.
-14-

EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEhlBER 2020
Flxed ass•t Inv•8lm•nts
IContlnu•d)
Materfal irwestmnts {¢omwitwvJ nve Ihan 5% of the clwtls overall share porlfotKI by value} al the
balante sheet dote *ve as fOlkn￿..
Market V•1
M&G Chwty ASS￿ Fund A¢¢umulab'on Units
8lackRock Charities UK Equty Fund AAcrAMnul*'cffl Unts
Bla¢kRo¢k Charities UK B¢yKI FuTrJ AAccumulatK)n Units
81.763
49.784
9.650
10 D•lknr•.' amounts falllng ¢kn *lthln on• y••r
2020
2019
Prepym•nt¥ and acwu•d i￿)Me
744
898
11 Cr•dltor•: •mounl• f•lllng du• *lthln on• y•ar
2020
2019
4,849
4.815
15-

EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2020
12 D•4lgn•t•d fiKMI¥
T￿ in¢om• I￿)d$ ol ts charity Ind￿je the fdlNing d•8vJnat•d fundB hava b88n 88t asid• out of
restri￿ funds by the trustees for specik Purpo￿..
Nv* DMbBn*tlonB BthThc• at
202
Fixed asset hjnd
Investment lund
Other fvnd
14248
123.278
60.782
13,5621
14,6351
(15,1961
10,686
145,019
45,586
26.376
198.308
28.376
123,3931
201,291
1 J•wy 2019 d••*•lk
O•c•mb•r
Flx•d a$Mt fund
Investrnent ftjnd
ot￿r fund
17.810
101.267
75.978
(3,6821
{S7.8121
{15,1961
14,248
123,278
60,762
79.833
195,045
79.833
176.5701
198,308
Fixèd 488ét fund - thi# the inve￿￿￿tt Pfopoty ￿t￿h h used ￿ tho main preml8•8 of the
Charfty rKKI lor IrKOTh generatlon.
knve•tment ftmd. funth 4r• invested to m•xhth total I￿rn •nd ynor•t• rKom•.
Other lund . It￿ funds relate ts) * bThrnmtsnt grant firnt i88ued In 2004. Is beSTha %wltt•n on a
8traWt Im• basis 10 31 December 2023.
13 An•ly•l• of n•t ••ut• b•tw••n fvnd•
Unmlrl¢tsdUnff•*trlct•d
fund¥
fund¥
2020
2019
F￿d l)*nces at 31 December 2020 arn reFwenl¢d by..
Tangible assets
Inv•slmnts
Current assetsllllabilMie8)
56.272
145.019
138,387
75.030
123.278
139.308
339,678
337.616
-16-

EUSTACE HOOK & DRUMMOND MEMORIALALMSHOUSES
NOTES TO THE FINANCIAL STATEMEKrs {coKriNUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
14 FIn0nd￿ In•lnMn•nts
2020
2019
C*rrylng afflount ofllnanclal ass•ts
In8trumfjnls measured at fair through wofft ￿ I
145.019
123.278
C•rylng *M￿￿t all1nanc￿l lthblllll•#
Measured at amorused e¢)Jt
4.849
4.615
15 R•lat•d yrty ￿n￿¢(lO￿l
D￿n9 ts year. the of4 truthe was £920 (2019: £350) in relab'on to m1nlttn•n￿ VP*icA*S.
Thèrè ￿Te no oth•r r•lat•d party d￿n9 yo•r {2019: n¢)nel, othor than th¢)80 #tsp￿8￿d
Note 7.
17-