## ## |||`Page`|| |---|---|---|---| |`Reference and Administrative Details`||`1`|| |`Report of the Trustees`|`2`|`to`|`3`| |`Independent Examiner's Report`||`4`|| |`Statement of Financial Activities`||`5`|| |`Balance Sheet`||`6`|| |`Notes to the Financial Statements`|`7`|`to `|`13`| |`Detailed Statement of Financial Activities`||`14`|| ## ## |`Councillor Mrs P.M Brivio`|`2025`| |---|---| |`B Lawrence Esq (Chairman)`|`2025`| |`GA J Lymer Esq`|`2025`| |`Dr M J Parks`|`2026`| |`Mrs RR Wanstall`|`2025`| |`JT Woodland Esq`|`2027`| |`TW Wade Esq (appointed on 17/10/2024)`|`2029`| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||`2024`|`2023`| |---|---|---|---|---|---| |||`Unrestricted`|`Endowment`|`Total`|`Total`| |||`funds`|`fund`|`funds`|`funds`| ||`Notes`|`£`|`£`|`£`|`£`| |`INCOME AND ENDOWMENTS FROM`|||||| |`Donations and legacies`||`250`||`250`|`100`| |`Income from investments`|`2`|`3,873`|`80,873`|`84,746`|`83,350`| |`Total`||`4,123`|`80,873`|`84,996`|`83,450`| |`EXPENDITURE ON`|||||| |`Investments`|||||| |`Investment management costs`|`3`|`493`|`7,597`|`8,090`|`20,227`| |||`493`|`7,597`|`8,090`|`20,227`| |`Charitable activities`|`4`||||| |`Charitable activities`||`3,630`|`72,601`|`76,231`|`76,524`| |`Support costs`||`2,772`||`2,772`|`2,131`| |`Total`||`6,895`|`80,198`|`87,093`|`98,882`| |`Net gains/(losses) on investments`||`(124)`|`13,176`|`13,052`|`17,461`| |`NET INCOME/(EXPENDITURE)`||`(2,896)`|`13,851`|`10,955`|`2,029`| |`Transfers between funds`|`14`|`8,209`|`(8,209)`||| |`Net movement in funds`||`5,313`|`5,642`|`10,955`|`2,029`| |`RECONCILIATION OF FUNDS`|||||| |`Total funds brought forward`||`168,414`|`1,425,382`|`1,593,796`|`1,591,767`| |`TOTAL FUNDS CARRIED FORWARD`||`173,727`|`1,431,024`|`1,604,751`|`1,593,796`| THE R V COLEMAPI TRusr BALANCE SHEET 31 DECEMBER 2024 2024 Totsl funds 2023 Totsl fulld5 fund5 fund Not&5 FIXED IDve5tments Investsncnts Investmentproperty io 53,413 826,1 6￿.000 879,513 600,000 876,753 600.000 53.413 1,426.100 1.479.513 1.476.753 CURRENT ASSETS Debtor5 C&8h at bank 12 855 125.195 4.924 5,779 125.195 8,849 113.1 126.05Q 130,974 122.039 cRED￿0￿s Amtsullts falling du¢ withiD one year (5,736) (5,736) (4,996) NET CURRENT A&SETS 1203 14 4,924 125,238 117,043 TOTAL ASSETS LESS CURRENr LIABILrriES 173.727 1,431,024 1,604,751 1,593,796 NET ASSETS 173.727 1.431.024 1.604,751 1,593,796 14 Unrestricted fi￿aS.. Generdl fund Designat¢d futld 163.727 10,000 168.414 173,727 168,414 Endowment funds". Pernianent endowment fi]nd 1,431.024 1,425,382 TOTAL FUNDS 1.604,751 1,593,796 The financial statements were approved by the Board of TnLSttes and authorised for I￿lle 2.91.1.Ql2.Q2.5................... and were signed on its behalf by: on M Parks . Trustee The notes fornh part of these fiDancial statemeDts THE R V COLEMAN TRuKr NOTES TO THE FINANCL4L ￿ATEmEhTs FOR THE YEAR ENDED 31 DECEMBER 2D24 ACCOUNTING POLICILS Basis of preparing the fJnaDcial ststemtnts The financtai statements of th¢ ¢hariry, Mthich is a publi¢ benefit ¢ntity under FRS 102. have been prepared in accordaDC¢ Witb the Cbarities SORP (FRS 102) 'AccountiD8 and Rewkttitig by Chariti¢5: SiateTnent of R¢commended Practice applitabl¢ to chJrities preparing thejr at￿￿nts in aG¢ordan¢¢ the Financial Reporting Standard applieable in the UK attd Republic of Ireland (FRS 102) (effeetive l January 2019}'. Financial R¢px>Tting Stsndard 102 The Financial RewTts"ng Stsndatd &pplicable in the UK and Republic of Ireland. and the Charities Act 2011. The f￿ancial statements have beth prepared under the historica] ¢4)st conventioti, with the exception of illveslmellts wh]"¢h are incknd¢d at market value. as n￿dIfied by the revaluation ¢o)De ￿p￿dI￿tre Income arising from the P¢nnaDent EDdoM1D￿I FuDd 15 applied ptimarily lll meeting the obje¢ts of the Tr￿￿( artd athy is available to suppletnent xiiconxe arisiii8 frorn the UDre5tri¢t¢d Fund to meet cxpenditure on anagement and administration which Èncludes all exFenditvrt not dtr¢¢tyrelated to clwilabl¢ activity. All income i5 recogni5ed onGe the Charity eTrtitlemeDt to th¢ iticome. tt is probable that th¢ itwme will be r¢¢eived. and the anb)wit of inwm¢ re¢¢ivabl¢ can be measured reliably. Grnllts ar¢ in¢lud¢d in th¢ Ststemet)t of Financial Activities on a rtteivable basis. The balance of income received for specific PUTrx)ses but not expended duriDg the period i5 5howth in the relevant fi]nd5 on the Balaoce Sheet. Where iDcome 15 r￿Cl¥¢d ID advanGe of entiil¢tnetht of receipl its reco8nitÉon 15 d¢f¢TTed and ineluded in treditors ¥ deferred income. Where erttitleDJent OCCUf5 before income is irf¢iv¢d the It￿Me is acfflled. Expendittwe is recognised onc¢ th¢r¢ is a legal or constructtye obligatioll to ts￿￿fer e￿n￿Mi¢ benefit to a third pany, it is probable that a transfer of eco￿>￿￿1¢ benefits will be wuijrd in settlement and the gmount of the obligation ¢aD be measured reliabty. Freehold investment property The property is leased ollt to an itideraent third party undcr a full Tepairing le￿. In aceordance with the Ststement of Recommended Practice. the inveslm¢Dt property is ¢8ttied at fair value.. FuDd aCCOUDting General funds are unrestrieted fi]nd5 wthich are available for ￿e at the di5cretioth of the Truste¢s in fiutherance of the general obj¢ctive5 of th¢ Clthrity and which have not been designated for other pwposes. Th¢ pern￿ent endownent fuTMI is ￿MpriSed of the vahy of the iDvesttnent property and listed illv¢sttn¢nts. with the income arising from this fulld being applied to med the objects of the Trust. IDYestments Fixed asset investmellts are a fomi of financiat it￿truMent and are initsally r¢¢ognised 2t their transaction c05t and subsequent]y measured at fair value at th¢ ba]ont¢ sheet dak, unless thc va]u¢ cannot be Tnwur¢d i¢liably in which c&se it is measured at C0511¢5s impoirmenl. lllvestment gal￿ and bsges, wthdher reaiised or unrea]ised are ¢ombin¢d and presented aS.Gain￿lL￿ssCS} investhieTts' in the stateD￿nt of Finaneial Aetivities. Going Concern The Tn]stees assess Ththether the use of going concern is appropriate i.e., Mtsether there gtt any materiai uncertainties related to events or condiuons that may c&st sigDificant doubt OD the ability of the Charity continue ￿ a going ¢on¢ern. Tbe Tr￿SleeS make this assessment in respect of a period of at least one year fro th¢ date of authorisation for issue of tbe fithan¢ial $tsteMeJ￿ dnd have concluded that the Charity has adequate resources to CODttnue ill operational existenee for the for¢5¢eable firtur¢ ¥nd ther¢ aT¢ no tnateriaj uncertainties about the Charity's ability to ¢onlinue as a 80iD8 collcer￿ thus they contintse to adopt the going concern basis of a¢¢ounting in prepaTing the Financial Ststements_ Pag¢ 7 ¢ontinlled... THE R V COLEMAN TRUST NOTES TO THE FINANCIAL sfATEMEY15- continutd FOR THE YEAR ENDED JJ DECEMBER 2024 INCOME FROM INVESTMENrs 2024 2023 R¢nts ￿¢¢1¥ab]e Listed secllriti¢s 50,1)00 33.020 1,726 47,095 34,819 1,436 84,746 83,350 INVESTMENT MANAGEMENf cosr6 2024 2023 Stockbrokers, fees Other prOfe￿lOn￿l fee5 7,620 12,607 8,090 20,227 CHARITABLE ACmqTIES COSIS Direct Costs (see ie5) Support costs (see note 6) Totsls Charitsble activities Support C05ts 72,601 3,630 2,772 76,231 2,772 72,601 6.402 79,003 DIRECT COSTS OF CHARrrABLE AcllvTr￿S 2024 2023 Grants and donation5 Welfare offic¢r Sundry cxpenses 66.692 5,720 189 67.404 5.200 142 72,601 72,746 SUPPORT COSTS Support costs Charitable a￿v[tieS Support costs 3,630 2,772 6,402 Page 8 ¢ontinu¢d... THE R V COLEMAN TRusr NOTES TO THE FINATr*CIAL sfATEMENfs- FOR THE YKAR EI¥DED 31 DECEMBER 2024 SUPPORT cosrs- cOD¢1￿Med Support CA)sts, includ¢d in the ab)v¢, ar¢ as follows: 2024 Total a¢tivili¢s 2023 Total activities Charitable Clerk Jndependellt examinefts fees Insurance 3.630 3,630 2.520 252 3,778 1,920 211 2520 252 3.630 1772 6,402 5.909 TRUSTEES, REMUNERATION AND BENEFT15 There were no lJustees' rellLuDerdtioll Ot other ben¢fjts for the year ended 31 December 2024 nor fw the year ended 31 December 2023. Trustees. expellses There were no trnst¢tS' fXPEuses paid for the year ended 31 D¢¢ents 2024 nor for the yw ended 31 D¢G¢mb¢r 2023. STAFF C(KSTS Remuneration paid as follows.. 2024 2023 Wages Social security costs Pension ¢osts 9J50 8.978 9.350 8,978 No emplijyee recetvcd ll￿re than £60,000 in eitheryeaT. The average number of empltsytts iti the year w&8.. Clerk Welfare Offi¢er COMPARATIVES FOR THE STATEMENT OF FINAf4ciAL ArllviTIES UnT¢5tri¢ted Endowoent Totsl funds INCOME AND ENDOII'MENTS FROM Donations and legacie5 ioo loo Income from investsnents 3.118 79,532 83.350 Total 3,918 79,532 83.450 ExpE￿DITuRE ON Inve5tJnents [R￿st￿¢￿t Tnan8g¢m¢nt costs 19,779 20,227 448 19,779 20,227 Page 9 eontinued... THE R V COLEMAN TRUST TrIOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 COMPARATEVFS FOR THE sfATEMEP4T OF Fif4ANCIAL AcTivr￿. ¢ontiDued Unrestricted Endow￿ent ds Total fijnds Cbaritsble actisities Ch￿Itable acltvities Support costs 3.778 2,131 72.746 76.524 2.131 Total 6J57 92,525 98,882 Net gaiDs OD investments 2315 14.646 17.461 NET INCOME Transfers between funds 376 {5.360) 1,653 5.360 2,029 Net movement in (4,984) 7,013 2,029 RECONCILL4TION OF FUNDS Total funds bwught foThvdrd 173 J98 1.4E8.369 1,591.767 TOTAL FUf4DS CARRIED FORWAJU) 168.414 .425,382 1,593,796 io. Listed investtnents MARKET VALUE At l Janu2fj' 2024 Additions at Cost Disposal proce¢ds Investhjent gain￿O0s$¢s) in year 876,753 118,703 (128,9951 13,052 At 31 December 2024 879.513 NET BOOK VALIJE At 31 December 2024 879.513 At 31 Dec¢mber 2023 876,753 tnvestment g2insl{losses) in the yeaT include Fx>th realis¢d athl wvealised gaillsl(Ios5e5) in the year. Page 10 continued... THE R V c0￿MAN TRugr NOTES TO THE FINANCIAL sfATEMEiYfs. eontlti￿ed FOR THE TrIAR ENDED 31 DECEMBER 2924 ii. INvESTMEr￿ PROPERTY FAIR VALUE At l January 2024 and 31 December 2024 NET BOOK VALUE At 31 D￿ernber 2024 6￿￿,000 Ai 31 December 2023 61MI,000 Th¢ fr¢¢hold 13nd and buildin8s are k￿d to South Kent CommuDity Heahb Caft National Health Service TTh￿t on alen year It￿ that started in carly 2023. The TTU5tee5 value the property on an aDDual basis * fair value. Ev¢ry five yeaT& or if Dthet conditions cFÉange significantly, an independent voiu*ion is widertaken. The nK>st recent vaiuatioll was made on 31 March 2022 by Cthons. Chartered Surveyors on the basi5 of ¢UTreDt open market vallle of the fre£[￿1￿ interest subject to the l¢as¢. They are not an employ¢¢ or Tn￿¢¢ of the cbarity. 12. DEBTORS: AMOUNTS FALLING DUE WTfHIN ONE YEAR 2024 2023 Cath at brokers Sundry debtors 5.144 635 2,872 5,977 5,779 8,849 13. CREDtTORS: AMOUNTS FAIIING DUE wrrHIN ONE YEAR 2024 2023 Sundry creditor5 5.736 4.996 14. MOVEMENT IN FUNDS Net K>ve￿rt in fuuds Transfers At 31.12.24 At 1.1.24 fi￿d$ Unrestricted fund8 General fund D¢shg]]ated fund 168,414 (2,896) (1.791) 10,000 163,727 10,000 168.414 (2,896) 8,209 173,727 Elldowment funds Fern￿ent endi)Minent fund 1,425.382 13.851 (8.209) 1,431,024 TOTAL FUNDS 1,593.796 10955 1,604,75 1 Pagell continued... THE R V COLEMAN TRUST NOTES TO THE FIIYAP4CIAL STATEMENTS- wntiDued FOR THE ITAR ENDED 31 DECEMBER 2024 14. MOTrTMENT FUNDS- ¢oDtitiry¢d N¢t movement in fun&s, it)clLthd in the alx)vc ate &s follows: GaiL8 and Movement 1055CS in funds Unrestrirted funds General fi]nd 4.123 (6,895) (124) {2,896) End0wme￿t fNlld5 P¢rmancnt endoHrynent fillld 80,873 {80,198} 13,176 13,851 TOTAL FUNDS (87.093) 13.052 10.955 Comp*r#tive5 for movement ill fwAds Net mov¢rnent in fiErJds TrdDsfers betwee fi￿dS At 31.12.23 At 1.1.23 Unrestricted fullds General fi￿d 173J98 376 (5,360) 168,414 EndowtDent fllnds Pelmanent endowment fijnd 1.418.369 1.653 5,360 1,425,382 TOTAL WUNDS 1.591.767 2,029 1.593,796 Comparative net lllovernent in fimd% in¢luded tn the above aTe as follo￿.. Gains and loss¢s Movement in fi2nds Unrestricted funds General fijnd 3,918 {6357) 2,815 376 Endowm¢nt funds Pern]anent endownetrt fi￿d 79.532 (92,525) 14,646 1,653 TOTAL FUNDS 83.450 {98,882) 17,461 2,029 Fwids The Unrestricted Fund represents accumu]atioJJs of iDcome are I￿1]able to be applied for ?￿Y of the purp05C5 for which the fijnd w&% established. The Pemwient ElldowtneTLt Fund represents the Capital As￿ts held by the TTUSt¢es al the date of the Constitution of the s¢h¢m¢ iogether wth subsquently realised and Unre￿ISed gaitts atsd losses. Th¢ iti¢ome from the fi￿a is available to meet payn¢nts to ben¢fi¢iories together with the c05t of adrninistration. Page 12 eontinued... THE R V COLEMAN TRUST NOTES TO THE FIf4ANCIAL sfATEMEh'TS- toDtiDued FOR THE YEAR ENDED 31 DECEMBER 2024 J4. MOVEMENf Fi￿DS- eilDlinued Funds- continued Designated fund5 funds dcsi8Dated for a particu]ar project meets the Charitys objectivcs and have been specificalty allocated as such. 15. RELATED PARTY DISCLOSURES Th¢r¢ We￿ no related pty ttatisxtits￿ for the year ellded 31 DecetDbet2024 (2023 ttone). 16. Cè￿1TAL COMMITMENTS 2024 2023 ALrtboristd b￿nOt contracted for. OT Includ￿ in the financial statrmeDts 25.000 17. RELATED PARTY DISCLOs￿s There ￿re no related party trdDsacIio￿ for the year ended 31 Dcccmber 2024. Page 13 THE R V COLEMAN TRusr DETAILED sfATEMENT OF FINMCIAL ACTIVIT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Totsl UnrestriGted fim