WHITSTABLE NON-ECCLESIASTICALCHARITIES FINANCIAL STATEMENTS YEAR ENDED 310ECEMBER2023 THEBUBBSHERWINPARTNERSHIPUMITED RWEAEDCERnNEoP£COLM￿lTs WHITStABLE NON-ECCLESJ,ISTJCAL CH.4RITIES TRLST DETAILS AS AT Year Emded 31 December 2023 Cknrity Number.. 248134 Ch&ir. Shanr>n Sonj￿X JrTranne StubbinBs Jane Thompson RobLm Sor*nLX Michuel John White Janet Henlej. Janet Ntt¥cnmbe Joamu Walltt Regisiered Addrw.. PO Box 1247 'HITSTABLE KLni c"I'l ()Ul' Aecounlant5 and IndeperKlent Ex4minL'T%'. tlubb Sh¢rwin Partnership Limikd 10(Tr Ili8h 5treeL Keni CT5 IAZ Bank¢rs'. l.loyd% TSH Aank PLL Ili8h Street Whiisthble Kerrt WHITSTABLE YON-ECCLLSIASTICAL CHARITIES ANDEX TO THE FIliANCKAL STATEMENTS Yegr Ended 31 December 2023 Trustees Report Bank Conrtol Caxon Staremeni- Cash receivabl¢ CaxoD Sta*ment. DisbJTsernents Anal)515 Rent Receivable Control Bjlance Sheei S¢heduk5 Furley P88e Analysis S￿eMent of Finatt¢ial A¢tivities Ba1￿ce She Note5 to lh¢ Accounts 10-12 ICAEW CHAR7EgED ACCOiJNTANT I Independ•nt exarnln•rfs r•port on the accourtS On the ateounts forthe yur¢nded JI D•c•mb•r 2Q3- Ch•rfty Number. 248134 S•t on p4¢•s Z to g I report to the tn￿ee$ on my examinatK>n of the •c¢ounts ofthe above chartty i-the Trusfl for the year ended 31 December 2023. R•sp￿[bIll￿•S and bmls of r•pJrt As the chafws trustees, you are reS￿nSible for tr* preparatlon of the accounts In accordance wlth the requlrements of the Chrities Art 20111't￿ *£fl. I report In respect of my examlnatlon of the Trusvs accounts orrled 0￿￿ThIer sertlon 145 of the 2011 Act and In carryln8 OLrt my examinatlon, I have followed oll thè appllcable Dlrertbns glven by the Ch•rlty Commlsslon under sectton$ 14515llbl of the A¢L Ind•p•ndent ex•mln•rfs slaternent I have completed my examination. I connmi that no materfal m•tters ￿ve come to my allerrtlon In connectk)n with the examlnatlon which 8l¥es me cause to ￿lIeVe that In, any materlal re5pe¢L The accounting ￿COrdS werè not kept In accordance wfth sectlon 130 of the cha￿tieS Art; gr The accounts dld not accord wtth the accounting records: or The accounts dkf not Comp￿ wlth the appltsble fequirement5 Con￿mIng the forni and content of accounts set out In the Charit￿5 Ikcounts and Reportsl Re8ulatlons other than ary requlrement that the accounts 8fve a Irue and fairf view which is not a matter con>ldered as part of an Independent examlnation. I have no con¢ems and have come across no other mattefs in connectknn wlth the examlnation to which attentlon should be drawn In this report In order to en•ble a proper understsndln8 of the accounts to be reached. F•tlrna Slddlqul ACA FCCA Audlt & Ac¢ounts Pro Umlted Date 2511012024 11'1111S-I'ARI.E YON_ECCLkSIAsnf.AL f.IIARITIES 'fRE'STEES REPOR'I. I'e*r F￿ded JI D￿frnbtr 2011 'Ihe"I ru%tee5 PTi I ChariLy Ot'Llara Eliz8b¢th Ridoui and th¢ Ch¥ril> *i' Lllen Sarah HexL The woduccd fmm the rn2na8#ncni ijf lh¢ ch￿11>,5 pror*rt* artd infvtsimenis is applied aftcr makiD¥ ￿¥￿[ar don*iDns Said c]own Sthem¢ ()t'6th liebnja 1999 amended b>. the sL￿m¢ dated 15th Othotxr 21YM for Its relief frffli htrd#tip ordixTe55 of ￿r*In$ residc￿t in Whitsl&bk. R*Tri¢w of Attli'ltlcs Future Dtvdopw¢tyts: Th¢ charity is fiTwii¢d from rin15 Cul1￿￿1 Irom rffj)Cni¢s yn WhiLgtsblc and Ihe SUrrow￿￿1￿9 area yJ)d from intere41 (XL invcsl¢J fund% artd thi5 will Conlinue in I￿￿e. trutturt. I0%4rnghct and mJnAEeM¢iit: CithvernÉMI D(Kum¢tht'. Th¢'lru%l 1$ 8a%etn¢d &sch¢tt* math rn 25th Auwrt 1918 am¢Thkd on Vl. Tr'elw Ifm and l)Ih Vctokr 2LYJ4. 15 r¢ilsT¢r¢d with lh¢ charl￿ Cornmi5¥￿ry¢ts 8iLhority NumiKr 248134. Rlsk ffl*n4¥¢mthi The Ir￿1¢<9 hai¢ u dul) to Sdentifv r¢vi¢iv iht ri4ks Io th¢ dwiry is CXFth¢d and erN4rc appnyTiW¢ coNroli Are iii plaLr iLTr prvvid¢ reawnabl¢ assuT8rKt ag811i￿ fraud ATrJ ¢rrw. Trusl¢tJ' rurmnslbllltl¢i rel*tion tts tljt finAAel•l ¥l•¢¢fflt•iA Law aFplithle ts) th&riries irt Ertgland and Ilales r¢quires lh¢ Iru5ttts 10 rxcIAr¢ final￿1￿7 s￿l¢ll1¢ni$ fly ¢•Gh fin¥nLial ￿ar whith 8ivi d tr￿ and fair of th¥. 5181¢ ol'oflairs orth¢ dwi1* artd ofthe surplus or d¢fi¢li ot.1￿ charity fur IhJl Jxr1r￿. In preparin¥ Ihvs¢ finJtKial stal¢m¢n￿ ihe th￿Ie¢s h%¢.. elrLi¢d suiwhle acLxyJnlio¥ FK)li¢its th¢n w)liwi them wrtSlSlCllQ* rnad¢ jud8menis ¢31im4it% thai are T¢withle aTrJ prudrnt: ¥IAt¥LI wh¢iher applicabk ￿￿unti￿8 5tandard5 tx¢n follo￿ siJbh.I w #n). m*¢rial *pgnures di￿￿￿ed explained fin￿NClaI st4¢me￿ and prepw¢J lh¢ linBrtial statem¥nts m IhE b¥>UW conccrn Ewsi$. The tru5t¢¢s hol'e o¥er?11 N,5￿nSibIliry fly en5urinB thal The ¢howii> has appropria* g)*Crns vf LLlltrdN finwKial oth¥rwi$e I'hei, al%D re%rM)n$ibl¢ fvr prop¢r txwunlifi8 Y¢i(ITd5 wbich di5¢1fix ￿1th feo>)rrabl¥ gWUTaC>' It anN timi thL fin8n. eial F4?*iliws ol'ihe charity enable Ih¢m lo ¢n5ure Ihth financial ￿41¢M¢￿t5 compl) wtih Clwilics Aa 2UI I."1 h¥vare 50 re%￿nSibl¢ lur 5Jf¢suording tIK ofthc ¢hHritv ?Thl ￿kin8 tr&s1)rAbk s*P% for prLv¢niLDn detection of t'raLxI Und rthtr itregLLIuTiIK This T¥rort ¥¥as ¥pro1￿a bj. the Trusre¢$ on . (Cha1rm￿l WHITSTABLE yON-ECCLEsIA￿jcAL CHARITIES BAYK COYTROL Year E￿￿ed 31 De¢embtr 2023 Baldn¥i% aL l January 2023 Llvjds.. Arcounl rn W135065 AcLovni IX)722n25 Accowii M 516233852.779 21.W.07 107.814.98 I￿.372.59 15.(KKI.(K> COIF Charlties rx'Fxisil 244,8S2.24 RttLeiPLS llnd paym¢￿s- per peri0dkoquar￿IJ s¥atrmcn(s 3 month¥ t 31.03.21 30.U6.23 30.09.23 31.12.23 35,72U.OJ 47,034.41 19.43¥.29 40.6S6.¢X) 47.406.8CTr 511.841.35 3 months (o l rnvnths 3a.983.93 54.899.24 3 monihs to RaluN¢s 9131 r)ec¥Th￿r 2D23. per r¥Lunc¥ll￿Y0n ￿loW DitTLfLn¥e idewsii intCTc¥II 203,090.$1 500.nr) 387,721.89 387,721.89 BAnk rrfonclUatloM.' AJ at 31.12.2J Lloydi: A¢tllUAI Do IKII 35065 Elala￿e p¢r bfjnk 5tstewnt Ouisiandin8 ehLNi*S 14.9fi7.49 Ae¢oyDI no 00722025 Du14ni¢ p¢r bDnk >tal¥m¢nt At¢ouo¢ Do SJ02338S2-779 70,573.fj1 102.549.41 COIF Ch8ritle¥ Dep)slt 1 S.IA)O.00 203.1)90.$1 WHIT5TABI.E )ON-ECCLIASTIC.4L CHARITIES C.AXTONS STA TE￿IENTS- CASH RECEIVABLE Year EDded 31 D¢ttMber 2023 DAtt IAs¥rnnce Cash In5ufAD¢¢ RtlAIN¢d 12.04.23 44,181.65 43,854.15 327.50 13.07.23 J8.I￿.ts4 3&108.64 14.10.23 38.895.82 38.¥Y5.82 12.01.24 33.471.9.1 33,4711)3 1S4,658.04 WHITSTABLE NO)-EC.CLESIASTICAL CIL4RiTIES CAXTONS STATEME%ryS- DISBURSE.MENTS ANALYSIS Yexr Ended 31 Dettmber 2023 rja mdi]llenan￿ InsUM￿ Prof. fLX¥ Credit Card RepaiTS 80.03.23 13.02.23 12.07.23 Commi5sionlfee5 comrni55i0￿re¢s 07.13 625.00 667.13 625.IM) 3596.94 J.596.94 1.889.21 1.982.44 2.645.11) 12.07.23 12.07.23 1982.44 2fAS.10 12.07.23 12.07.YJ 12.07.23 1956.47 1.95&.47 1.119.10 1.237.00 12.07.23 1237.(KJ 3354.04 1276.84 12.07.23 12.07.23 3,354.04 1.276.84 1?..07.23 Commi55ivnlf 1789.22 1,7R9,22 1.1¥4.79 600.(KJ 12.07,23 11¥4.79 12.07.23 12.07.23 12,07.23 12.10,23 16¥.Iin 142.50 168.00 142.50 C'ommissionlfees Lomrni55ionlfees Commi5411￿re¢S C.ommis>iwtifee5 535.1>U 492.50 1235.(M> 535.(K) 12.10.23 492.50 1.233.IK) 142.3 858.32 12.10.23 12.10.23 142.50 11.01.24 11.01.24 858.32 507.50 fj42.jo 507.30 642.50 11.01.24 28fv17.lo 19J2q.l4 9.421.96 28.647.10 19325.14 9.421.96 WHITSTABLE NON.ECCLF.SIASTICAL CHARITIES RENT RECEI%"ABLE COP4TROL Ye•r Ended 31 Dttcmlxr 2023 Opellilll bAlanr¢s 3J.860.92 1.1O2.9l Cash r¢¢eivtd: C￿l0￿ Fisk Hous¢ 3 mVnLhs lo: J 1.0.1.21 -1 tmnths to.. In.(kn.23 3 Tnonihs w.. 30.1￿.2) 3 monihs lo: 31.12.23 31.7511.()I 4?1189.18 15.l6h.99 36.4W.82 2.079.61 2.174.61 2,12n.61 1.856,01 126.305.(K> 8.2i1.44 JJ4.536.44 Dlsburs*ments- per Scheduk MainienancWrLp#irs Insurance ProFessSonal ltis c.ash retainLyI Iwnryil Manag¥Theni ftey.. 19.22J.14 19.225.14 1,292.13 3.716.51 2,405.00 2.(￿8J2 l J.a7.?3 13.10.23 12.01.24 9821.96 Flsk Hiiu%¢ Rents 8331.44 Caxions- C'*sh receivAble pcr ￿h¢d￿je RLnt¥ Insurartce recoi'&Yable C85h rrLiiin¢d Icontrul In$uranL¥ ¢xce%% 119 High Strttl) 143.0119.44 11.648.60 Clo*ing b￿laKe 2,008.32 33,472.27 Dilleren¢e 198.7U72 198.758.72 WHITSTABLE NON-ECCLESIASTICAL CHARITIES RALATriCE SHEET SCHEDL'I,ES Jlsl Dtttmbtr 2023 31.12.23 31.12.22 D¢btorJ: W¢%.lea￿¢ Recowerable ProF¢rty Insurat￿r. Premium p4id l.e%8.' fLYov¢rNI iu da IK'nt paid aflcr aecouniin¥ d￿e) Coxion% (Insurar￿ relurxt) 33.472.27 .13.860.92 Janu4ry Lash granL% pr¢poid Kefunil due on uv¢rstAtrd ￿T￿nI waid io Furle> l?a¥¢ on ¢hequc nu 1197 30.￿] J3J02.27 33J90.92 Credltorj And Ac¢r**l CLKtons'. Fees CommigsI0rt re ¢once5SiOn4 Ind¢mni()' Insur8nce C.'resJii Card fees Rcpairs aThl rn#inL¢nJnce 2.008.32 2.102.YI Accruuls.. IndeFe￿lertt Ey4mlner.s l.urt¢y Ps8e BSPL A¢counLanlS 1,020.( 6.54V.00 2.40U.OQ 4200.(K) 7228.32 11.04Z.91 WHITSTABLE NON.ECCLF.SIASTICAL CHARITIE5 ANALYSIS OF FLRI.F.Y PAGE FECS Year ended Jl Dtttmber 2023 21)23 Furley Pag¢ LLP.. Clerkirt8 Costs: 1710U2023 1510212023 2910312023 7.81KTr.()O 72￿.￿￿ .1¥3.2n 5.400.00 7,2(K>.(M) 6.6(M).(xJ 6.6(Ml.fX> 7.2fO.(K) 6.720.()0 6,609. 1,775.40 3.4W.00 4.2(X).IM) 4.Rnn.(K) OWOW2023 2511)412023 2610S2023 XIIOW2023 IW0712023 0410912023 0911012023 1411112023 1411112023 0511212023 C611212023 2011212023 Aalusim8nt5 TO pay oulStandln8accwats 4,8(M).nD 6,oix).00 Ac¢ounL8 4.2(N).00 1.020.(K> Less.. (wenirtg accw8J 5.220.(N) 2021 &(xru41 5.220.00 82.107.60 OLher Le8al FL'uT'. Sarjh WIM?Inuu8h Lund.'Vption nption agreemou P￿kIn9 5pwe w redrvl'Fisk I lo 82,107.60 WHITsfABLE Nof*-ECCLESIASTICAL CHARITIES STA TEIIEliT OF FINAliCIAL ACTIVITIES Y¢•r eAded 31 De¢¢rnb¢r 2023 Note Unrtstrlcted RestTl¢¢4d Fuxds FuDd$ 2023 2012 Tot#1 T(JtAI IntomAAI ro80uree$ l#tomlng resDurce$ froth gtner*led f*Rds: N'i)lunUtT)' iniom¢ DunaLivTr5 and gifts AlIt￿lI1¢S for 8enerllt1￿ lunds.. Sni.￿¢m¢nI inwrnc 159.774 159.774 163.171 I￿OMing rttour¢¢$ from ¢h*rltsble at¢ivltkn: In%urdnL¥s recoierabl¢ 11.649 6,010 Total Intomltsg R¢Bo￿Teel 171.423 IS9,774 169.881 R¢sourcu txpettded Coit of ieNer8tlng funds Cvs1 ol'mJinlaining In￿￿5￿nents 34.002 34.002 25.h91 Chirltsble Actlwltles Y].812 91.B12 84.063 Govern*nte colts Adniii)istralivn CApe￿Se$ 83.945 83.945 84,665 Toial rewurces expend 209.758 194,419 Net IrewuTLC¥ exp¢ndedh' incnming rewur Ilcali%d ¥ain on sole of freehi)Id18nJ Inei sale prr>cee&l Unreali￿d (los8¢8Y￿InS on inve￿MentS 1.18,3361 (J8,3361 124.5381 6&7 29.146 2Y,146 135.3651 Ne¢ movement im fMMd> (9.190 19,190) 137,903) Fund bgl*llees bratygbt forward •¢ l Janll•ry 2023 3 J99ffj70 JJ99th70 3,457073 Fund b•l&n£es e*rrted forward *• JI D¢¢ethbtr 2023 3J90A80 3J90,480 3J99.670 All i)l-thc thh'e resulis ar¢ dLfi¥LyJ trom wntinuing a￿VIll¢s. All 8ains arml Iv53vs r￿￿￿niS￿l in the ycar aT¢ indudEd dFx>>'e. HITSTABLE Nor4-EC:C.LESI.45TIC.AL CHARITIES BALANCE SHEET 31 DettJKb¢r 21J23 N•te5 2023 2022 Flied 8i$ets Tllngible Invcytments 2.771.902 389.154 2.771,962 360.008 3,131.1)70 Current IlJse¢$ Dgbu]rs C'ash at Ixrtk QNI ID ha]Ml -13,502 ?03.041 236.593 244.852 77R,743 Credliorj: AmouN¢s failillg d￿* wllblts Otte yeir 7228 Net turrent Aisetl 229,364 21>7.71N) Yet Asjets 3.3YII.414 1..199.670 unds: Unrejlrlcted Tr'und5 CienLral lunds ut l Janu(Th 2023 Ir)¢fi¢illlSurplus for lh¢ Neor Genkyal funds ut 31 [k¢¢m￿ 2023 3.399.670 19.1901 3.457..571 157,9n31 3.390.480 3,399.()70 Totsl fvndj 3 JY().4XO 3.3W.070 Ilva ègoLir2024 artd siBned Th¢ linithcial statLTh¢nts on pa8L¥ I to 12 ￿tre appyowed ￿ th¢ tyw*es ort on iheir bchajf b): Il"nLSLCC) 'HITSTABLE YON-ECCLESIASTICAL CHAWTIES Tr40tu forming part of she fl•4Thci#l $i•le￿ents ror tb¢ year todtd 31 Deeembtr 2023 Accounilug pollcies 181 B#s15 of prep*r•tiott 'I"he financial staLements ha￿¢ be¢n prep￿￿ under the hisLori¢al conN'ention. ￿1th the tyceplion v( iniestm¢nts ￿thilh are IrKI￿J¥j #t rrrdrkd value, as modif￿￿ b% the r•.yluation vf certain 8ssLI5 and in accordance with the Findncial Rcw>rtin8 Stsndards fix Smoller Enbiie5 Itfferti*e January. 2(N)71. thc C.haritiu ALt 1993 aThJ in a¢coTddn¢e with th¢ swen￿nI of IleLY)mmendL¥J Prathcc (50KP). 'Acl￿u￿ti￿8 and R¢portin8 Charitie5" publishgj in 2Th)S and applicable ait for paniclllJr pu￿￿sc5. Th¢ ¢osi vl'r¥ising and drnini81erin$ such funds ort ¢har¥ed against Iht srttifiL fur*d. Thc llim and us¢ ofeaeh r¢strie*d fund 1$ 5e¢ i>ut in ¢h¢ nuies io ihL' financiol s￿L¢[r￿n￿. Icl In¢omln¥ resources All inry)min¥ resourcc5 afe included in The Stdiemeni ofFinan¢ial ALlitri¢ies the ¢hariifv 15 Ic8ally cnlided to th¢ iniomc and lh¢ 4mounl ion be quaniilicd i¥iLh TLu¥onable a￿u￿>. for I¢yLie5. entitlLrn¢n¢ is the e4rlhLTofthe charii). being n￿lI1¢d Of￿ im￿)ng dIwi￿liOn vr th¢ leB&¢!. b¢ing f¢¢Ci￿l￿1. arnounL8 are included in ihe financi#l sta*m¢Ns For ¥¢r¥icc5 donatsd ￿. ¥'olunte¢ (d) Re￿uTcH ¢Apendtd All expenditure 1% tsc4x)unicd for on an a¢¢nJa15 bssis ar¥J been ¢las%ified under hL¥ding5 Ihal 48grEgate all COSLA rLlaied to ihc Lal¢gory'. IY)SL4 C4￿Tr)i be diredl) aftrihuted io PArti￿]￿r heodinBS thr% h&ve bren allocaTed to acli)'ilio8 on J bosis con%i¥ieni N4?th U5L ofthe re5udr¥e5. (iranls ollered subjeci to Condli￿n$ uhiLh ha*E not kn'n m¢t at thc )taT end we n(Trted as 8 commiun¢ni bui noi accrued as exp¢nditurL'. io WHITsfABLE NON-ECCLESIAsficAL CHARITIES NOTES TO THE FINANCIAL STATEMENTS YeAr eoded JI Dec¢M￿r 202J 202) 2022 ank. Inl¢re& r£ceii'abl¢ Reni ￿￿tribed Inierest on Twis gnd insur8nLYS Fotd late Inb'c%lmeni income Othbr income 2.935 1$1.241 398 153.616 5.385 21.1 l i9.774 9.857 163.1171 Costs of m•lDtalniD¢ investh￿nIg PrDp¢n) m&n&gem¢nt fccs PTupert)' repairs Vmpem. insuran¢e Othcr pmpty L'xp¢nxs 9.422 5..154 19.225 9,216 25.691 Ch•rlt•ble #eilvltl Fir51 char8LS 4)J inwrne-. (al Ilarnchial Lhurth CnLiI of ￿..hit5&b]e Ibl WhIL%￿ble LAluC￿lun￿l l oUnd￿l￿n,. End[)￿e￿ Schth)I R¢BulaT grartts Addiliuns u> re8uIAr 8r8nts Alm¥hou5e Chdril> uf W)nn Elli> ncieii of St Vincent d¢ P4uI Wh21bt#ble ¥ Se4sali4Y Endomtd Juni¢)T Setr￿1 Spv¢i#l Cird)Its 3.150 3.65U 61.PJO 3.15U 3.650 51.yno 13.1 8,0811 13.272 20.425 X4.1)f>3 Admlnliir•tlvt expon F"UTlIN Puse proft55iunal fees Iper SL'h¢dulel Qiher prof¢%%iondl l¢¢s Indeptr)deni eN8mlners f￿ It￿emn11>. insurr￿Ce SunJTr ex￿lL*L 76.8¥11 42C() 1,0? 1.685 152 ,945 80,615 1,¥46 660 1.SJ4 io ¥4,66.5 Tinglblt Assets Fr¢¢hold p￿p&￿tr (As valued in MarLh ZOI I I Sioro¥¢ fariliti¢J on¢J rv4iJeniial unil 1W'cd8e￿￿d I lomcsl KeleayL ofreieniion 2.OUU.000 166.18.1 2,6W.000 166.2¥3 5,679 2,771.Y62 5.679 2.771,962 Investmen¢9 BLK Lharitie5 Equity Fund A In¢ BLK ihaTiti¥s LIK Bond Fund A In¢ Charishur¥ Common i￿￿¢¥ment furxl SharL'S Chdrinco Cornmon investsnert Furnl Shares L(")IF Charii) Incorne Sh COIF LharitTr AL&uMul￿￿On 8harL 143.910 9.493 136.393 9.3.19 172,677 63,074 369.154 15¥.143 360,Q08 IVHITsfABLE YON-ECCLESIASTICAL CHARITIES N(yfF.5 TO THE FIliAYCIAL STATEMENTS Year ethd¢d 31 DEf¢mb¢r 1023 2023 21122 Debturi Outstondirtg fL￿ts paid atter acLxiunliig date Insurance recovcrable aft¥r dLxYTrunting dal¢ Wa%.l¢a¥'e paid 3ttLr accouniins daiL Januark Lash grdrns prepaid Rcfund due on Furle￿ ¥lwue 33.472 33.¥61 30 30 33.Sn2 33.891 C.-r¢dltort: XAhOUIIIS f•lllni dme whkln DTre ye*r Sundry. ctrditors- Propern Mllna8LtnLYII ALLruals 2.008 5.220 2.103 8.94 7.?28 I I,Q43 io Lnreqtrfrted funds Th¢ (i¢neral Rtsmc rcprLrythls ihe fre¢ fvnd$ of th¢ ¥harii* Hthith are noi dLsignated lur porticular purp)Se5.