2023-03-31-accounts

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TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

Charity Registration No. 258958

TRUSTEES’ REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

04 Trustees’ report

47 Legal and administrative information

50 Independent auditors’ report

55 Statement of financial activities

56 Balance sheet

57 Cash flow statement

Notes to the accounts

68 Appendix One - Grants 2023 and 2022

TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

Introduction

The board of trustees of Colyer-Fergusson Charitable Trust (the Trust) present their annual report for the year ended 31 March 2023 under the Charities Act 2011 together with their audited financial statements.

The Trust’s overarching aim is to improve the lives of people in Kent and Medway, in particular those who are most disadvantaged. Its vision is of a fairer and more equal society and it relies on charities and local community groups to translate its grant funding into meaningful impact. The Trust believes that people are society’s most valuable asset and even in the most deprived areas, they have the personal resources to strengthen their communities.

Through its grant making and partnerships, the Trust continued to address the on-going effects of the COVID-19 pandemic and the impact of the cost of living crisis on people and communities in Kent. The trustees and staff are committed to the ethos and principles of equity, diversity and inclusion and strive to put these into practice in every aspect of their work. They recognise that it is a privilege to fund hardworking charities and community groups. They also understand the inevitable power-imbalance of their funding relationships and to mitigate this, they strive to treat all grant applicants fairly, with respect and courtesy, being as open and approachable as possible.

Over the years the Trust has supported Kent and Medway communities through a range of funding programmes. Up-to-date information about its grant programmes and guidance about how to apply is set out clearly and openly on the Trust’s website: www.cfct.org.uk

TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

Measuring impact

In the financial year ended 31 March 2023, Trust staff continued to measure grants through robust analysis of data provided by grant recipients within their monitoring reports, and qualitative data gathered from staff visits to funded projects. At least every five years, the trustees review their grant strategy with the aim of establishing the impact made on the lives of people in Kent and Medway.

In July 2021, the trustees met to review their funding policies in light of the COVID-19 pandemic and its impact on their beneficiaries. Having analysed the evidence and positive feedback about the impact that their recent grants were making, the trustees agreed to extend their strategic five-year plan which was due to run until the end of March 2024, to at least the end of March 2026. The strategic plan focuses Trust funding on disadvantaged young people, families in need, people at risk of offending and community groups. Its impact is measured by the trustees periodically at policy ‘away-days’ and by staff on a rolling basis using the Trust’s dedicated grant management software.

Whilst statistics can tell us a lot about the impact of our grant programmes, for a full picture we must also look at feedback from grant recipients (grantees). All grantees are required under the terms of their grant contract to provide interim and final reports. Grantees are asked to reflect on the original grant objectives, as set out in their grant application, and explain the extent to which these have been met.

In the year under review, 58 interim and 103 final reports were received by 31 March 2023. Grantees continue to be refreshingly honest, providing candid information about their setbacks as well as their successes. Only one organisation failed to provide a satisfactory report and as a result their grant was cancelled. Even in this case, the reason for the failure was outside of the grantee’s control being a direct result of how the COVID-19 pandemic had impacted the project.

FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

TRUSTEES’ REPORT AND ACCOUNTS

Achievements and performance

Aims

[To build capacity and strengthen the resilience of the Kent ] voluntary sector through core funding.
[To support innovative projects that may offer new solutions ] to age-old problems.
[To facilitate networking and the sharing of information and good ] practice.
[To increase the funding available to hidden and marginalised ] community groups to meet the needs of a more diverse group of beneficiaries.
[To act as a lever/conduit for funding and ideas from outside Kent ] to enter the county thereby increasing resources, both financial and intellectual.

Objectives

[To promote the CFCT grant programmes as widely as possible.]
[To ensure the CFCT grant guidance is clear and its application ] process user-friendly and accessible.
[To operate grant programmes at different ‘speeds’ i.e., fast-track ] grants to individuals, a two-month decision process for small community grants and a longer detailed assessment process for larger applications.
[To offer one-off and multi-year grants with future grant payments ] contingent upon a robust monitoring process.
[To listen to, consult and share knowledge and experience with ] grantees and other stakeholders.
[To collect and analyse impact information about CFCT grants ] to establish what works well and what could be done differently in future.
[In recognition of the privilege of being a funder and the inevitable ] power-imbalance of funding relationships, to treat all grant applicants fairly, with respect and courtesy, always being as open and approachable as possible.

The Trust’s strategic plan comprises five programmes:

Investing in Communities

1

Small grants to community groups and local charities to strengthen their resilience and build their capacity to deliver sustainable services to people at the margins of society.

Investing in Young People

2

Grants to support disadvantaged young people to improve their skills, build their confidence and break down the barriers to their employment.

Investing in Families

Grants to support ‘families’ in the most inclusive sense of the word, living at the sharp end of chronic socio-economic problems or facing a financial or emotional crisis.

Investing in Rehabilitation

4

Grants to support the rehabilitation of offenders and help reduce the collateral consequences of their imprisonment for their families, with the aim of reducing reoffending.

Grants to Individuals

5

Small grants allocated via a trusted referral partner to disadvantaged young people for practical items such as interview clothes, course fees, tools, travel costs etc.

TRUSTEES’ REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

Flagship projects

The Trust aims to be a catalyst for change and an active player in improving the well-being and life chances of people in Kent. It participates in dialogue and shares new ideas with voluntary organisations and other funders, and engages in collaborative problem-solving and project development. In addition to making grants in response to funding applications, the Trust proactively seeks out ways of supporting its stakeholders and occasionally invites proposals for ‘flagship projects’ to further its long-term aims. All proactive grants are initiated by the Trust and unsolicited applications are not accepted for this programme.

All programmes have been well-received by the Kent voluntary sector and evidence suggests they have been highly impactful. The following table shows the grants approved in each financial year since the trustees formulated their strategic plan in July 2018:

Programme 2018-19 Name £ Investingin 299,363 Communities Investing in 163,660 Families Investing in 61,215 Rehabilitation Investing in 421,022 Young People Grants to 110,844 Individuals Flagship 365,000	2019-20 £	2020-21 £	2021-22 £	2022-23 £
	410,290	905,475	447,200	587,350
	408,325	425,450	462,500	726,500
	353,620	359,625	444,500	521,000
	544,675	351,000	528,700	894,360
	80,118	95,746	75,989	95,688
	3,217,500	500,000	-	400,000
Grants ~~Total~~ ~~1,421,104~~
	~~5,014,528~~	~~2,637,296~~	~~1,958,889~~	~~3,224,898~~

The level of the Trust’s grant making has been increasing over the last five years as shown in the following chart, with 2020/21 being an exceptional year due to COVID-19.

Total Grants Awarded 2018 to 2023

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5,014,528
3,224,898
2,637,296
1,958,889
1,421,104
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TRUSTEES’ REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
COLYER
FERGUSSON
CHARITABLE TRUST
The year in numbers: Rehabilitation16% Young People
28%
Families
23%
INVESTING IN INVESTING IN INVESTING IN
Flagship Projects
COMMUNITIES YOUNG PEOPLE
FAMILIES
12%
£587,350 £894,360 £726,500 Individuals
77 GRANTS 23 GRANTS 21 GRANTS Communities 3%
18%
INVESTING IN GRANTS FLAGSHIP
REHABILITATION
TO INDIVIDUALS PROJECTS
£521,000 £95,688 £400,000
12 GRANTS 259 GRANTS 2 GRANTS
394 GRANTS
Total £3,224,898
13
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TRUSTEES’ REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

The year in numbers:

TRUSTEES’ REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

The year in numbers

GRANTS TO ORGANISATIONS SHOWING CATEGORY OF PROVISION*

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Carers
Debt Advice
125,000
208,000
Domestic Abuse
210,000
Reducing Offending
576,000
Mentoring and
Counselling
226,000
Education and
Skills-Training
258,000
Community Groups’
Youth Work
Core Costs
and Confidence-
545,050
Building
260,860 Mental Health
320,300
The Trust funds NUMBER OF GRANTS MADE BY GRANTEE
large and small
ORGANISATION’S ANNUAL TURNOVER
charities but
prioritises local
organisations as £1m-£2m Above £2m
part of its aim to
£500k-£1m
build capacity and
strengthen the 10 11
resilience of the 9
Under £25k
Kent voluntary
£250k- £500k
sector. 14 25
32
34
£100k-£250k
£25k-£100k
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Grants by region

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Swale
Gravesham
£141,695
£299,710 Number of grants 10
Number of grants 9
Medway
£375,576 Thanet
Number of grants 82 £123,459
Number of grants 52
Dartford
£29,590
Number of grants 15
Canterbury
Sevenoaks £322,689
£34,000 Number of grants 92
Number of grants 13
KENT
Dover
£119,700
Number of grants 7
Tonbridge
& Malling
£50,500
Number of grants 5
Tunbridge Wells
£105,229 Folkestone
Number of grants 47 & Hythe
Ashford £145,250
Maidstone £60,000 Number of grants 9
£164,500 Number of grants 6
Number of grants 8
Kent-wide
TOTAL
£1,253,000 £3,224,898
Number of grants 394
Number of grants 3939
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Kent-wide £1,253,000 Number of grants 3939

*This chart excludes the two flagships grants to RBLI and Heart of Kent Hospice.

TRUSTEES’ REPORT AND ACCOUNTS

COLYER FERGUSSON CHARITABLE TRUST

FOR THE YEAR ENDED 31 MARCH 2023


~~COSTS~~	~~GRANTS £~~	~~NO.~~

~~Staff salaries and recruitment~~ ~~Volunteers~~ ~~Fundraising and income diversification~~	~~£349,300~~ ~~£19,000~~ ~~£20,500~~	~~36~~ ~~2~~ ~~3~~

~~IT and social media~~	~~£27,000~~	~~3~~
~~Rent, building and office~~	~~£41,000~~	~~9~~

~~Consultancy and partnerships~~ ~~Community project~~	~~£29,000~~ ~~£101,550~~ ~~£587,350~~	~~3~~ ~~21~~ ~~77~~
~~BENEFICIARIES~~ ~~Children and young people~~ ~~Older people~~	~~GRANTS £~~ ~~£117,200~~ ~~£74,350~~	~~NO.~~ ~~18~~ ~~11~~

~~People with disabilities~~	~~£44,000~~	~~10~~

~~Other minoritised groups~~	~~£59,000~~	~~8~~

~~General public~~	~~£292,800~~	~~30~~

	~~£587,350~~	~~77~~

Investing in communities

Colyer-Fergusson Trust believes that smaller, locally focussed organisations are often best placed to deliver flexible, responsive and direct support to the most vulnerable people in society. It also recognises that they and their beneficiaries have been particularly hard hit by the coronavirus pandemic. This grants’ programme is targeted at smaller, community-led organisations with three complementary strands:

Applications are processed in less than 2 months

97 applications processed

77 grants made totalling £587,350

[Stabilising:][ providing grants for ] running costs to help stabilise community-led organisations.

Each programme strand has its own grant limits and grants range from £500 to £15,000 with the average being £5,000 (median average)

[Extending:][ providing one-off ] grants to help extend the impact of community-led organisations.
[Delivering: ][providing one-off ] grants for delivering small community projects.

INVESTING IN COMMUNITIES - SIZE OF GRANTS

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£15,000
£11,000 -
£14,500
16%
20%
15%
£5,500 -
£10,000
49%
Up to
£5,000
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TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

Investing in young people

Improving the skills of disadvantaged young people and breaking down barriers to their employment.

Number of young people supported 15,864

GRANTS	NO. OF	NO. OF
~~AWARDED~~ £	~~PROJECTS~~	~~BENEFICIARIES~~
~~350,000~~	~~9~~	~~3,744~~

~~221,000~~	~~5~~	~~11,028~~
~~273,360~~	~~8~~	~~972~~

~~50,000~~ ~~894360~~	~~1~~ ~~23~~	~~120~~ ~~15864~~
~~,~~		~~,~~

The ‘Investing in Young People’ programme invests in organisations that put the needs of disadvantaged young people at the heart of what they do. The trustees believe that every young person should have the opportunity to meet his or her full potential, but too many face huge barriers to meaningful employment. Through this programme the Trust makes grants to organisations working to meet the needs of disadvantaged young people in Kent by improving their academic performance, vocational skills or by helping to break down the barriers that prevent them from participating in education, employment or training.

Investing in families

Supporting people living with chronic socio-economic problems or facing a financial or emotional crisis.

Number of people supported 9,688

GRANTS	NO. OF	NO. OF
~~AWARDED~~ £	~~PROJECTS~~	~~BENEFICIARIES~~
~~50,000~~	~~2~~	~~900~~
~~125,000~~	~~3~~	~~314~~
~~208,000~~	~~8~~	~~5,938~~
~~60,000~~	~~1~~	~~90~~
~~283,500~~	~~7~~	~~2,446~~
~~726,500~~	~~21~~	~~9,688~~

The Trust believes that ‘families’ in the most inclusive sense of the word, are the yarn that creates the fabric of society. Individual families can be delicate and vulnerable at times; but woven together into communities they are remarkably resilient and strong. But too many are struggling at the sharp end of socio-economic problems; facing persistent and chronic poverty and overwhelmed by desperate circumstances. Poverty restricts their choices and too many are having to make impossible decisions, such as whether to heat their homes or pay their rent. This programme supports charitable organisations offering interventions to meet the needs of families with a wide range of problems, including debt; drug and alcohol abuse; mental health issues; domestic abuse; caring for a sick or disabled family member and the short and long-term impacts of bereavement.

TRUSTEES’ REPORT AND ACCOUNTS

COLYER FERGUSSON CHARITABLE TRUST

FOR THE YEAR ENDED 31 MARCH 2023

Investing in rehabilitation

To support the rehabilitation of offenders and reduce levels of reoffending.

12 grants awarded -

10 registered charities and 2 CICs

7 to existing services and 5 for new initiatives

TYPE OF PROJECT ~~Family engagement initiatives~~ ~~Mentoring initiatives~~ ~~Resettlement practical support~~ ~~Rehabilitation and restorative justice~~	GRANTS	NO. OF PROJECTS ~~6~~ ~~2~~ ~~1~~ ~~3~~ ~~12~~

	~~234,500~~
	~~100,000~~
	~~61,500~~
	~~125,000~~
	~~521,000~~

This programme makes grants to support the rehabilitation of offenders and to help reduce the collateral consequences of their imprisonment for their families, with the aim of reducing reoffending. Each year, around 88,000 people are sent to prison and 150,000 are given a probation order. Many of these individuals will have had chaotic and complicated lives: growing up in local authority care, excluded from school, living with drug or alcohol problems or struggling with mental health issues.

This programme supports organisations that work to break the pernicious cycle of reoffending; helping offenders and their families move forward to build better lives, with real options for a meaningful and positive future within their communities.

Grants to individuals

259 grants totalling £95,688 to young people experiencing hardship – average grant c. £350

~~REASON FOR APPLICATION~~ ~~NO. OF YOUNG PEOPLE~~ ~~Underachieving at school~~ ~~68~~ ~~Leaving the care of the local authority~~ ~~58~~ ~~Not in education, employment or training~~ ~~41~~ ~~Living in a very low-income household~~ ~~77~~ ~~At risk of offending~~ ~~15~~ ~~259~~ ~~TYPE OF SUPPORT~~ ~~NO. OF YOUNG PEOPLE~~ ~~Course fees~~ ~~33~~ ~~Counselling and mentoring~~ ~~46~~ ~~Tools or equipment/IT~~ ~~51~~ ~~Interview/work clothes~~ ~~25~~ ~~Transport to college or work~~ ~~41~~ ~~Work permits and licences~~ ~~21~~ ~~Household items and furniture~~ ~~42~~ ~~259~~ ~~AGE OF YOUNG PEOPLE~~ ~~NO.~~ ~~14 years and under~~ ~~19~~ ~~15 – 18 years~~ ~~1~~ ~~19 – 21 years~~ ~~68~~ ~~22 years and over~~ ~~40~~ ~~259~~ ~~GENDER IDENTITY~~ ~~NO.~~ ~~Female~~ ~~130~~ ~~Male~~ ~~122~~ ~~Non-binary~~ ~~7~~ ~~259~~
	~~REASON FOR APPLICATION~~	~~NO. OF YOUNG PEOPLE~~ ~~68~~ ~~58~~ ~~41~~ ~~77~~ ~~15~~ ~~259~~
	~~Underachieving at school~~
	~~Leaving the care of the local authority~~ ~~Nt i dti lt tii~~
	~~o n eucaon, empoymen or ranng~~
	~~Living in a very low-income household~~
	~~At risk of offending~~

FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

Case studies

GRANTS TO INDIVIDUALS

Holcot Charitable Trust, formerly the Friends of Holcot, has been a CFCT referral partner since 2019. The charity has two clear aims: the first is to provide low cost, good quality, self-catering accommodation with special emphasis on groups of disabled children and young people, the second to improve the lives of local disadvantaged children and their families through community outreach. The charity currently supports over 80 local families and isolated adults with initiatives addressing food poverty and hardship through the provision of hampers, laptops and lunch clubs.

In the year under review CFCT made a series of grants to support Holcot’s young clients including awarding funds to provide young people with laptop computers.

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TRUSTEES’ REPORT AND ACCOUNTS

Porchlight is Kent’s largest charity for homeless and vulnerable people, some of whom are living on the streets, others who need support because they are at risk of losing their home.

CFCT made awards totalling £5,830 in the year under review, making a life-changing difference to sixteen young people aged 13-25 in Kent and Medway. The young people were being supported by a variety of Porchlight services including its Rough Sleeper Outreach project, Adolescent Wellbeing Service and the BeYou service supporting LGBTQ+ young people. The Trust’s ‘Grants to Individuals’ programme has helped with:

[ Clothes and shoes]
[ Beds]
[ White goods]
[ Baby equipment]
[ Laptops and home learning]
[ Arts support]
[ Equine therapy]

D has benefitted from the K was so grateful to receive grant of a laptop which has the grant. She struggled with removed barriers towards anxiety and seizures, and having education and allows him a safe space was essential to her to access learning at home. wellbeing. She had been moved into her own accommodation Thank you so much for the support provided to D. through the council and the grant It has made a positive helped pay for white goods so impact. she could live independently.

K comes from an extremely vulnerable background with little to no support network. Helping her begin to create a home for herself will give her some security so she can make a fresh start.

FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

Case studies

INVESTING IN COMMUNITIES

COMMUNITY DRIVING SCHOOL

CFCT made a grant of £15,000 over three years towards core salary costs.

Community Driving School enables people on low incomes to drive, confidently, safely and in the hands of qualified and trained professional instructors. It also provides back to work courses, CV writing skills and job references via volunteering roles in the community.

Since receiving the grant from Colyer Fergusson last year we have been able to get back on our feet and refocus our offering and build on our various income streams. Your grant has helped us go beyond what we had thought we could achieve and we are truly grateful for the support. Thank you!

TRUSTEES’ REPORT AND ACCOUNTS

WHOO CARES

£14,500 towards the salary of a part-time Business Development Manager.

Whoo Cares operates on the Hoo Peninsula, a large rural area of Medway. Villages on the peninsula have very limited public services, creating a variety of challenges. The charity supports people to engage in their community and to remain in their homes for as long as possible through:

Through our Investing in Communities grant we were able to employ a part-time Business Development Manager to improve our sustainability. The funds will help to enable us to continue to reduce social isolation and improve the health and well-being of people living on the Hoo Peninsula.

[ Befriending, including a specialised ] service for people with advanced dementia and their families.
[ Transport to medical appointments, ] community activities and shopping.
[ Groups activities such as a weekly ] Coffee Morning, a monthly Lunch Club and a weekly Activity morning.
[ Assistance to complete local authority ] forms like blue badge or housing applications.

FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

Case studies

TRUSTEES’ REPORT AND ACCOUNTS

INVESTING IN YOUNG PEOPLE

OAKS COLLEGE

With CFCT’s funding we can ensure that our new senior management team can continue to guide and shape a sustainable and stronger future for KRAN.

KENT REFUGEE ACTION NETWORK (KRAN)

£40,000 to support sustainable employment opportunities for young adults with learning difficulties and/or disabilities.

£85,000 over 3 years towards KRAN’s senior management team and core staff team.

KRAN works with young refugees and asylum seekers separated from their families, also known as Unaccompanied Asylum Seeking Children. It provides them with a safe, positive space and the support to succeed. It also runs a mentoring project which links young people with volunteers in the community, along with an advocacy project to help them resolve any problems they might face. Since COVID-19 KRAN has been strategically restructuring its staff team to enable it to adapt and become more sustainable and agile to best meet the needs of its young people.

Set up in 2018, the Oaks Specialist College (previously Oakley College) was established by parents and SEND professionals to meet an acute need in the community for education and training for young people with learning difficulties and disabilities aged between 18-25. The college provides physical, educational, and professional activities that will enable young people to develop their skills and capabilities, allowing them to participate in society as independent, mature, and responsible individuals.

At the Oaks Specialist College in Tonbridge, we are not only grateful for the funds that we have received from Colyer-Fergusson, but really value the care taken by the staff team to understand the individual needs of our learners and those of our not-for-profit organisation.

TRUSTEES’ REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

Case studies

INVESTING IN FAMILIES

The grant from CFCT has meant

AGE UK HERNE BAY & WHITSTABLE

£28,000 towards the Age UK Herne Bay & Whitstable’s information and advice service.

we can maintain our service which has become essential to many people in our community, especially through this hard financial period when so many people are asking us for help.

Age UK Herne Bay & Whitstable’s advice service supports almost 100 older people each month. It guides them and their families through the benefit system, supports them to make claims for disability benefits and advises them on housing, accessing care, transport, and many other topics. The charity’s volunteer base is the nucleus of its success. It is at the heart of its performance and contributes to its highly valued reputation.

DANDELION TIME

£60,000 over three years to establish a service to support children and families impacted by trauma and abuse in North Kent and Medway.

Dandelion Time is a nature-based charity that supports children who have suffered from traumatic experiences such as domestic abuse and neglect. It helps them overcome their emotional and behavioural issues and cope better at home, at school and in life. The Trust supported Dandelion Time to establish a new service in Gravesham which will provide intensive support to over 100 children.

CFCT’s grant has been invaluable in helping Dandelion Time to establish a new service in North Kent for children and with complex emotional and behavioural issues linked to trauma, domestic violence or abuse. The three-year funding will help us transform the lives of many more vulnerable children in Kent, supporting them to overcome troubling emotions and behaviours, grow in self-esteem and confidence and build stronger relationships with those around them.

TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

Case studies

INVESTING IN FAMILIES

MID-KENT MIND

£38,500 over two years to support the “Be Kind to your Mind” programme, a whole-family approach to mental health and wellbeing delivered in Maidstone, Ashford and Swale.

Mid-Kent Mind aims to equip people and communities with the tools and support they need to cope with mental health challenges, improve their wellbeing and reach their potential. Its services include adult peer support groups, coping with life courses, youth services, cognitive behavioural coaching and counselling. The charity also provides training for organisations in mental health awareness and has a partnership with Maidstone Borough Council to provide therapy for people with housing issues.

CFCT’s funding will make a huge difference. Mental Health support has never been more needed. As the cost of living crisis endures, more families are reaching out to us for advice and help. This funding will enable us to provide a dynamic range of family focussed interventions within the local community, strengthening the emotional resilience of local families whilst also raising greater awareness of mental health.

TRUSTEES’ REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

Case studies

INVESTING IN REHABILITATION

BEATING TIME

£25,000 over two years for a choir programme in HMP Swaleside and HMP Maidstone.

Beating Time was set up to make the experience of prison more productive and reduce the risk of reoffending after release. The charity’s Kent-based musicians deliver 12 hours of community singing, songwriting, recording and performance every week across two prisons. The groups provide much-needed continuity and a positive intervention, supporting mental health and countering isolation and lonelines.

Many singers are some of the most fragile and excluded even within the prison: choir has become a safe space to express emotion and learn essential life skills as well as vocal techniques and harmony.

Photograph ©CroninMusicLtd HMP Maidstone Digital Media

PRISON ADVICE AND CARE TRUST (PACT)

£55,000 over two years for an emergency welfare fund to provide rapid-response, small hardship grants to prison-leavers and their families and children.

Pact works in 6 prisons across Kent and in the community, helping prisoners to strengthen their relationships and family ties, improve their health and wellbeing, and feel better prepared for their release. The Emergency Welfare Fund will support more than 250 people over two years, reducing the risks of reoffending, intergenerational offending, and homelessness.

Small emergency welfare grants have equipped children and families to cope practically when a loved one has been sent to prison, and enabled people leaving prison to make a fresh start. The grant has helped us to tackle poverty and disadvantage in Kent, and enhance how we support people to lead crime-free lives. We’ve been able to provide school uniforms for children with a parent in prison, emergency food and toiletries for families, as well as interview clothing, equipment and ID cards for prison leavers. Thank you so much!

TRUSTEES’ REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

Case studies

INVESTING IN REHABILITATION

PRISON EDUCATION TRUST (PET)

£16,500 over two years to provide distance learning courses to prisoners in Kent prisons.

For thirty years, PET has helped people in prison to transform their lives through learning. Working across England and Wales, the charity provides distance learning courses, supports prisoners to build connections and progress their education and champions the life-changing power of learning.

So far eight learners, aged between 19 and 63, have been supported to do courses ranging from ‘Understanding Substance Misuse’ to A Level Business. Doing a course with PET is proven by the Ministry of Justice to reduce reoffending ~~and increase employment,~~ benefitting people in prison, their families and the communities they return to on release.

Photograph: ©Andy Aitchison

The three year grant from Colyer-Fergusson is going to be life changing. Not just for Shannon Trust in helping us to maintain our reading programme across the Kent prisons, but for those residing in those prisons. Many new learners will get the opportunity to learn to read because of CFCT, helping them to turn their lives around and build a more positive future.

SHANNON TRUST

£50,000 over three years towards reading programmes in Kent prisons.

The Shannon Trust supports helps people in the criminal justice system learn to read and improve other basic life-skills, so they can pursue wider opportunities and thrive in the community on release. The charity supports people who have fallen through the cracks in formal education and helps thousands of disadvantaged people every year improve their literacy, using its evidence-based reading programme entitled Turning Pages.

Photograph: ©Andy Aitchison

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Case studies TRUSTEES’ REPORT AND ACCOUNTSFOR THE YEAR ENDED 31 MARCH 2023
COLYER
FERGUSSON
CHARITABLE TRUST
Trustees and staff visit the
Centenary Village in April
FLAGSHIP GRANTS 2022
RBLI
A further £250,000 towards the
Centenary Village, bringing the
total awarded to £750,000.
Royal British Legion Industries (RBLI)
is a national charity supporting the
Armed Forces, people with disabilities
and people who are unemployed
to find work and live independent
lives. Located just outside Maidstone,
the historic RBLI Village in Aylesford
was formed in 1919 to support
veterans returning from World
War 1. The new Centenary Village
development will see RBLI support
hundreds more military veterans
and their families every year.
I am overwhelmed
by the support from the
Colyer-Fergusson
Charitable Trust. Due to
the cost-of-living crisis
people need supported
homes more than ever.
Without the Trust there
is no way we would have
been able to deliver so many
emergency and adapted
homes for disadvantaged
people and families.
Lisa Farmer, Chief Executive, RBLI
36 37
----- End of picture text -----

TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

Plans for the future

The Trustees’ key objective will continue to be to make grants to improve the lives of people in Kent, particularly those who are most disadvantaged and living at the margins of society. The Trust’s five main grant programmes, which were launched in autumn 2018 and are subject to regular monitoring and evaluation of their impact, will form the pillars of the Trust’s funding until at least 2026. A further strategic review will be held in summer 2024 to review the Trust’s now seven-year plan.

Applicants are advised to visit the Trust’s website for up-to-date grant policies: www.cfct.org.uk.

TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

Financial review

During the year the Trust received income of £859,390 (2022: £662,267). The Trust incurred expenditure of £3,873,367 (2022: £2,601,031). Within this, expenditure on grants awarded in the year is £3,224,898 (2022: £1,958,889). Further details of grants awarded by the Trust are provided in this report and in note 15 to the financial statements.

The Trust made gains on investment assets of £117,356 (2022: £2,663,584). These gains have arisen due to net losses of £1,017,144 on its investment portfolio (2022: gain of £728,584) and net gains on investment property of £1,134,500 (2022: £1,935,000). During the year, a number of investment properties were sold at auction for the sum of £3,562,000.

The Trust’s net assets at 31 March 2023 were £30,796,490 (2022: £33,693,111).

Investment policy and performance

The Deed of Settlement authorises the Trustees to invest without limitation.

The trustees employ an investment objective that balances their requirement for income and for long-term capital protection and growth of the Trust’s assets. The trustees take a responsible and ethical approach to investing and their policy sets out the trustees’ wish to avoid investment in:

[Tobacco][ (including tobacco producers and any company who ] derives more than 5% of revenue from tobacco related activities)
[Gambling][ (including exposure to casinos, racetracks, online and ] mobile gambling, or other betting establishments and any company who derives more than 5% of revenues from gambling-related activities)
[Adult Entertainment][ (including all producers and retailers ] of adult entertainment and any company who derives more than 3% of revenue from related activities)
[Predatory Lending][ (all companies involved in predatory lending ] activity)
[Thermal coal][ (any company that derives more than 5% ] of revenues from thermal coal mining activity)
[Unconventional oil and gas][ (any company that derives more ] than 5% of revenues from tar sands or shale oil and gas)
[Armaments][ (any company that manufactures weapons and firearms ] and any company with more than 5% of weapons-related revenues)

The trustees fund grants from the natural income of the assets, but they have wide investment powers and can spend capital to supplement the Trust’s income as required. In the year the trustees amended their funding plan in light of the impact on the Kent voluntary sector of the pandemic and the cost-of-living crisis. They now aim to spend at least £2,500,000 per annum on grants until at least 31 March 2026.

The Trust has assets comprising both an investment portfolio and direct ownership of property bestowed by the founder. From time to time, property assets are realised, and the proceeds invested in the investment portfolio. Trustees review the management of the Trust’s assets with both their fund and property managers at least annually.

Having previously held their investments in two portfolios, one long-term and a second lower-risk portfolio, the trustees merged these at the end of the last financial year (31 March 2022). The main aim of the Trust’s investment portfolio (excluding its direct property holdings) is to produce sufficient income each year to fund the trustees’ grant-making activities. With this is mind, the trustees seek a total return which balances the need for regular withdrawals and capital growth to protect the long-term interests of CFCT. As significant cash balances are maintained outside of the portfolio, the trustees accept a medium-high risk level within the investment portfolio.

During the twelve months to the end of March 2023 [1] , in what was a difficult year for financial markets, the portfolio recorded a net total return of -2.04% (2022: +6.7%); this result was above its bespoke benchmark of -2.44% (2022: 11.7%) and the ARC Charity Steady Growth Index benchmark of -4.04%.

The trustees judge performance of their investment manager against CPI +4% per annum over rolling five-year periods. The investment manager is expected to report against the ARC Charity Steady Growth Index and a composite benchmark. In order to achieve these objectives, the investment manager is required to operate to the following asset allocations and permitted ranges within the portfolio:

1 Figures provided are from 5th April 2022 to 31st March 2023 as abrdn did not unwind the Trust’s Investec portfolio until after the previous year-end. Any resulting differences are immaterial for the purpose of these accounts.

TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

PORTFOLIO	STRATEGIC	PERMITTED
WEIGHTING (AS AT	WEIGHTING %	RANGES %
31/03/23)
~~17.5~~	~~20~~	~~15-35~~




~~4.5~~	~~5~~	~~0-10~~


~~65~~	~~75~~	~~50-80~~


~~23.5~~	~~22.5~~	~~-~~
~~41.5~~ ~~45~~	~~52.5~~ ~~-~~	~~-~~ ~~0-10~~
~~.~~
~~8.5~~	~~-~~	~~0-10~~
~~100~~	~~100~~

Structure, governance and management

The Colyer-Fergusson Charitable Trust was established by Deed on 3 April 1969 by Sir James Colyer-Fergusson, a philanthropist with strong roots in Kent. He endowed the Trust with assets of land, property and cash and for the remainder of his lifetime, he bestowed further gifts of assets. The Trust is registered with the Charity Commission with number 258958. Its principal office address is shown on page 47.

The policies and strategic management of CFCT is overseen by seven trustees and the day-to-day management by a staff team of six part-time staff led by the Chief Executive.

The trustees who served during the year, and to the date of this report were:

Nicholas Fisher DL (Chairman) Navprit Rai Barbara Long Rosalind Riley - retired 31 January 2023 Julia Megone James Thorne Ruth Murphy

New trustees are approved by the existing trustees and appointments are reviewed periodically. Trustees are appointed for the skills and experience that they bring to help the Trust to meet its charitable objectives. New trustees are given copies of the Deed of Settlement, recent copies of the Trust’s annual report and accounts and documents explaining the Trust’s history and its key policies and procedures. In addition, all new trustees are given guidance material published by the Charity Commission on the responsibilities of being a trustee and a copy of the latest edition of the Charity Governance Code, supported and endorsed by the Commission. Nicholas Fisher DL Trustees are offered training regularly to keep them up (Chairman) to date with new charity regulation and good practice and they are expected to commit to the seven guiding principles of the code: leadership; integrity; decisionmaking; risk and control; board effectiveness; diversity; openness and accountability.

Barbara Long

Julia Megone

Ruth Murphy

Navprit Rai

Rosalind Riley

James Thorne

TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

The full trustee board meets at least three times during the year to make and review their charitable grants. Small community grants are reviewed and approved by a sub-committee of two trustees and the Executive Director of Programmes, with decisions reported to the full board. An investment sub-committee, comprising three trustees, the Chief Executive and the Director of Finance, meets once or twice a year to monitor the performance of investments and report back to the full board of trustees. Also, a sub-committee comprising two trustees, the Chief Executive and the Director of Finance meets once or twice a year to review the Trust’s property investments.

Key management personnel remuneration

The Trust operates with a small paid staff team, drawing on the expertise of specialist consultants as required. The Trustees believe that this structure is cost-effective and provides a robust administrative base. The trustees consider that the trustees and the Chief Executive, Executive Director of Programmes and Director of Finance are the Charity’s key management personnel. The trustees are responsible for the charity’s governance. Other key management personnel are responsible for the charity’s day-to-day operations. No Trustee remuneration was paid in the year and details of trustee expenses are disclosed in note 6 to the accounts.

Trustees are required to disclose all relevant interests as soon as they become aware of them and register them with the Chief Executive and withdraw from decisions where a conflict of interest arises. The pay of the Charity’s key management personnel is reviewed annually and usually increased in accordance with average earnings. In view of the nature of the charity, the scale of its grant-making operations, and the extensive management of professional advisers to the trust board, the trustees consider that a multiple of up to three times the median annual pay in South-East England is appropriate for the role of Chief Executive. The remuneration is also bench-marked with other grant-making charities of a similar size and activity to ensure that the remuneration set is fair and not out of line with that generally paid for comparable roles.

Risk management

The Trustees have examined the major risks that the Trust faces and established systems to mitigate these, which are set out in a formal risk policy and reviewed regularly. The Trustees recognise that the main risks they face involve the performance of their investments which are subject to the unpredictability of the financial markets, and the efficacy of their grant-making. To mitigate these risks, investments are held by a reputable investment firm authorised by the FCA and Trustees review investment performance against recognised benchmarks at least once a year. The Trust’s investment activities also risk diverging from the Trust’s charitable purpose and aim, and this is why environmental, social and governance factors are a key focus of the Trust’s new Investment Policy. The Trust’s grant-making is rigorously controlled by clear objectives and supported by formal grant-making policies and established monitoring procedures.

Objectives and activities for the public benefit

Under the Deed of Settlement, the trustees may pay or apply the income, and if they shall think fit, the capital of the Trust to or for such charitable purposes whatsoever at such times and in such manner as the trustees shall from time to time think proper. The trustees have referred to the Charity Commission’s guidance on ‘public benefit’ when reviewing their aims and objectives and planning their future activities. They believe that their strategic grant-making meets the objective of benefiting a wide cross-section of the community and this is demonstrated within the following sections of this report. The trustees ensure that a robust monitoring system is in place to establish the benefit derived from each grant to be confident of meeting their public benefit obligations.

TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

Reserves policy

At 31 March 2023, the Trust had total reserves of £30,796,490 (2022: £33,693,111). The Trust has a flexible approach to its reserves planning, aligned to income and its grant spending programmes. There is flexibility to spend capital, beyond the natural income from investment and property. It is the intention of the Trustees to make use of unrestricted funds to support their stated aims and objectives to a minimum annual level of £2,500,000 in charitable grants over the next five years. This policy will be reviewed annually by the Trustees who will continue to review the level of reserves on a regular basis in association with quarterly management information.

Asset cover for funds

All assets are represented by unrestricted funds which are sufficient to enable the Trust to meet its obligations for future costs and grant commitments.

Fundraising

Colyer-Fergusson Charitable Trust does not engage in fundraising with the general public. It explicitly does not undertake any fundraising campaigns via email or direct mail and does not engage in cold calling. As a registered charity, it can accept donations from those wishing to support its work, but it does not actively seek them. Any offers of financial support for the Trust’s work are initiated by the donor and the Trust will not share information about donors or potential donors and never put anyone under pressure to donate funds. The Trust did not receive any complaints in relation to fundraising in the year (2022: none).

Legal and administrative information

Nicholas Fisher DL (Chairman of Trustees)

Trustees

Barbara Long Julia Megone Ruth Murphy Navprit Rai Rosalind Riley (retired 31 January 2023) James Thorne

Charity number

258958

Principal address

34 Hill Street, Richmond TW9 1TW

Principal Officers

Jacqueline Rae - Chief Executive Officer

Steve Boucher - Executive Director of Programmes Noel Flannery - Director of Finance

Saffery LLP Chartered Accountants 71 Queen Victoria Street, London EC4V 4BE

Auditors

Bankers

Coutts & Co 440 The Strand, London WC2R 0QS

Solicitors

Farrer & Co LLP 66 Lincolns Inn Fields, London WC2A 0QS

abrdn (LGT Wealth Management LLP) 18 Bishops Square, London E1 6EG

Investment advisors

Property advisors

Caxtons

49-50 Windmill Street, Gravesend DA12 1BG

Hobbs Parker

Romney House, Monument Way, Orbital Park Ashford TN24 0HB

TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

Statement of trustees’ responsibilities

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources of the Trust for that year.

In preparing these financial statements, the Trustees are required to:

[select suitable accounting policies and then apply them consistently;]
[observe the methods and principles in the Charities SORP (FRS 102);]
[make judgements and estimates that are reasonable and prudent;]
[state whether applicable accounting standards have been followed, ] subject to any material departures disclosed and explained in the accounts; and
[prepare the accounts on the going concern basis unless it is ] inappropriate to presume that the Trust will continue in business.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with the Charities Act 2011, applicable accounting regulations and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the Trust and financial information included on the Trust’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The Trustees who were in office on the date of approval of these financial statements have confirmed, as far they are aware, that there is no relevant audit information of which the auditors are unaware. Each of the Trustees has confirmed that they have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant audit information and to establish that it has been communicated to the auditor.

Approved by the Trustees on 21 November 2023 and signed on their behalf by:

Nicholas Fisher DL (Chairman) Trustee

COLYER FERGUSSON CHARITABLE TRUST

INDEPENDENT AUDITOR’S REPORT

FOR THE YEAR ENDED 31 MARCH 2023

Opinion

We have audited the financial statements of the Colyer-Fergusson Charitable Trust for the year ended 31 March 2023 which comprise the Statement of financial activities, the Balance sheet, the Cash flow statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

[give a true and fair view of the state of the charity’s affairs as at 31 ] March 2023 and of its incoming resources and application of resources for the year then ended;
[have been properly prepared in accordance with United Kingdom ] Generally Accepted Accounting Practice; and
[have been prepared in accordance with the requirements of the ] Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information; we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

[the information given in the Trustees’ Annual Report is inconsistent ] in any material respect with the financial statements; or
[the charity has not kept sufficient accounting records; or ]
[the financial statements are not in agreement with the accounting ] records and returns; or
[we have not received all the information and explanations we ] require for our audit.

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ Responsibilities set out on pages 48 to 49, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

INDEPENDENT AUDITOR’S REPORT FOR THE YEAR ENDED 31 MARCH 2023

COLYER FERGUSSON CHARITABLE TRUST

Auditors’ responsibilities for the audit of the financial statements

We have been appointed as auditors under the Charities Act 2011 and report in accordance with regulations made under that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.

Identifying and assessing risks related to irregularities:

We assessed the susceptibility of the charity’s financial statements to material misstatement and how fraud might occur, including through discussions with the trustees and informed management, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements. We identified laws and regulations that are of significance in the context of the charity by discussions with trustees and updating our understanding of the sector in which the charity operates.

Laws and regulations of direct significance in the context of the charity include the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and guidance issued by the Charity Commission for England and Wales.

Audit response to risks identified:

We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the charity’s records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the charity’s policies and procedures for compliance with laws and regulations with members of management responsible for compliance.

During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner’s review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Saffery LLP

Chartered Accountants 71 Queen Victoria Street Statutory Auditors London EC4V 4BE

Date:

Saffery LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

COLYER FERGUSSON CHARITABLE TRUST

FINANCIAL STATEMENTS

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2023

Notes Income from: Investments 3 Total Expenditure on: Raising funds: Investment property costs Investment management costs 4 Charitable activities: Grantmaking Grants approved Grants withdrawn Support costs 5 Governance costs Total cost of grantmaking Total 4 Net gains on investments 11 Net income/(expenditure) 17 Reconciliation of funds: Total funds brought forward 17 Total funds carried forward 17	Unrestricted Unrestricted funds funds 2023 2022 £ £ 859,390 662,267 859,390 662,267 340,871 250,362 1 1 1,418 122,627 452,289 372,989 3,224,898 1,958,889 (100,000) - 220,713 199,455 75,467 69,698 3,421,078 2,228,042 3,873,367 2,601,031 1 1 7,356 2,663,584 (2,896,621) 724,820 33,693,1 1 1 32,968,291
	30,796,490 33,693,1 1 1

Notes
Income from:
Investments
3
Total
Expenditure on:
Raising funds:
Investment property costs
Investment management costs
4
Charitable activities:
Grantmaking
Grants approved
Grants withdrawn
Support costs
5
Governance costs
Total cost of grantmaking
Total
4

Net gains on investments
11
Net income/(expenditure)
17
Reconciliation of funds:
Total funds brought forward
17

Total funds carried forward
17

Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
859,390
662,267
859,390
662,267
340,871
250,362
1 1 1,418 122,627
452,289
372,989
3,224,898 1,958,889
(100,000) -
220,713
199,455
75,467
69,698
3,421,078 2,228,042
3,873,367 2,601,031
1 1 7,356 2,663,584
(2,896,621)
724,820
33,693,1 1 1
32,968,291

30,796,490 33,693,1 1 1

All the above results derive from the continuing activities of the Trust. There are no other gains or losses other than those shown above.

The notes on pages 58 to 67 form part of these Financial Statements.

COLYER

COLYER FERGUSSON CHARITABLE TRUST

FERGUSSON CHARITABLE TRUST

BALANCE SHEET

AS AT 31 MARCH 2023

Notes Fixed assets: Tangible assets 9 Investments: Investment properties 10 Investments 10 Current assets Debtors 12 Cash at bank and in hand Liabilities Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 14 Total net assets The funds of the Trust: Unrestricted funds 17 Total Trust funds	2023 2022 £ £ 5,610 2,1 3 1 8,218,500 10,646,000 17,856,686 18,806,557
	26,080,796 29,454,688
	136,560 192,363 8,144,166 7,514,323
	8,280,726 7,706,686
	(3,102,907) (2,61 7,863)
	5,177,819 5,088,823
	31,258,615 34,543,5 1 1 (462,125) (850,400)
	30,796,490 33,693,1 1 1
	30,796,490 33,693,1 1 1
	30,796,490 33,693,1 1 1

The accounts were approved by the Trustees on 21 November 2023

Nicholas Fisher DL Trustee

The notes on pages 58 to 67 form part of these Financial Statements.

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2023

Cash flows from operating activities: Net cash used in operating activities 19 Cash flows from investing activities: Dividends, interest and rents from investments Purchase of property, plant and equipment Proceeds from sale of investments Purchase of investments Net cash provided by investing activities Change in cash and cash equivalents Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period Analysis of cash and cash equivalents Cash at bank Cash held as part of the fixed asset investment portfolio Total cash and cash equivalents Analysis of changes in net funds As at 1 April 2022 £ Cash and cash equivalents Cash 7,514,323 Cash equivalents 1,227,552 8,741,875	2023 £ (3,718,618)	2022 £ (3,247,968)
	859,390 (5,656) 17,770,144 (15,267,487) 3,356,391	662,267 (600) 7,079,1 1 5 (4,596,006) 3,144,776
	(362,227) 8,741,875	(103,1 92 ) 8,845, 067
	8,379,648	8,741,875
	2023 £ 8, 144,166 235,482	2022 £ 7,514,323 1,227,552
	8,379,648	8,741,875
	Cash flows £ 629,843 (992,070) (362,227)	As at 31 March 2023 £ 8,144,166 235,482
		8,379, 648

COLYER FERGUSSON CHARITABLE TRUST

FOR THE YEAR ENDED 31 MARCH 2023

NOTES TO THE ACCOUNTS

1. Accounting policies

1.1 Basis of preparation

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with the ‘Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)’, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a true and fair view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Charities SORP (FRS 102) rather than Accounting and Reporting by Charities: Statement of Recommended Practice (revised 2005) which has been withdrawn.

The accounts are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £.

The Trust constitutes a public benefit entity as defined by FRS 102.

The Trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern due to the volume of the total trust funds at the period end.

1.2 Income recognition

All incoming resources are included in the Statement of Financial Activities when the Trust is entitled to the income and the amounts can be quantified with reasonable accuracy.

Rental income from investment property leased out under an operating lease is recognised in the Statement of Financial Activities on a straight-line basis over the term of the lease.

Income from listed investments and fixed interest investments is recognised when it is receivable and the amount can be measured reliably by the Trust. This is normally upon notification by the investment advisor of the yield of the investment portfolio.

Interest on funds held at bank is included when it is receivable and the amount can be measured reliably by the Trust; this is normally upon notification of the interest paid or payable by the bank.

1.3 Expenditure recognition

All expenditure is accounted for on an accruals basis.

Expenditure on raising funds are those costs directly attributable to managing the investment portfolio and raising investment income and an apportionment of overhead and support costs.

Expenditure on charitable activities are grant funding costs and an apportionment of overhead and support costs.

Grant funding costs are grants awarded to third parties in furtherance of the charitable objects of the Trust. Grants payable are charged in the period when the offer is formally conveyed to the recipient.

Governance costs comprise all costs involved in the public accountability of the Trust and its compliance with regulation and good practice. These costs include costs relating to statutory audit.

Governance and support costs are allocated to the activities on the basis of time spent supporting those activities by the Trust staff: 25% to raising funds and 75% to charitable activities.

1.4 Tangible fixed assets and depreciation

Tangible fixed assets costing more than £500 are capitalised. Tangible fixed assets are stated at cost less depreciation. Depreciation is calculated on a straight-line basis at the rate of 25% per year so that fixtures, fittings and equipment are written off over four years.

1.5 Fixed asset investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date. The fair value of equity investments is measured using the closing quoted market price. The fair value of investment properties is primarily estimated using a multiple of rental income for leased properties and based on the expected net return for development property.

All gains and losses are taken to the Statement of Financial Activities as they arise. Equity investments are revalued on a quarterly basis. The property portfolio is revalued annually. Realised gains and losses on investments are calculated as the difference between sales proceeds and their carrying value. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

The significance of investments to the Trust’s financial performance and position is considered in the financial review and investment policy and performance sections of the Trustees’ Report. The Trust does not acquire put options, derivatives or other complex financial instruments.

1.6 Financial instruments

The Trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Trust’s statement of financial position when the Trust becomes party to the contractual provisions of the instrument.

COLYER FERGUSSON CHARITABLE TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, which include creditors, are initially recognised at transaction price. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

1.7 Operating leases

Rentals payable under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.

1.8 Pensions

The Trust participates in a defined contribution pension scheme. The Trust’s contributions are charged to the Statement of Financial Activities as they fall due.

2. Critical accounting judgements and key sources of estimation uncertainty

Judgements and estimations are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

In making these estimates the Trustees make assumptions concerning the future. The judgements and estimations that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year relate to the valuation of investment property.

The charity’s investment property has primarily been valued based on a multiple of rental income.

3. Income from investments

Rental income Income from investments Interest receivable Other property income	2023 2022 £ £ 217 ,594 252,433 531,451 386,327 109,139 23,507 1,206 -
	859,390 662,267

4. Total expenditure

4. Total expenditure
	Grant funding		Other direct	Total 2023	Total 2022
	costs		costs
		£	£	£	£
Raising funds
Investment property costs		-	291,508	340,871	250,362
Investment management costs		-	62,055	1 1 1,418	122,627
		-	353,563	452,289	372,989
Charitable activities
Grant funding of activities	3,124,898		-	3,421,078	2,228,042
Total	3,124,898		353,563	3,873,367	2,601,03 1
Grant funding costs above reflect the value			of grant commitments made in the period,
£3,224,898 (2022: £1,958,889), less the remaining balance on grants withdrawn in the
period, £100,000 (2022: £nil). Grant expenditure includes grants to institutions of
£3,129,210 (2022: £1,882,900) and grants		to	individuals of £95,688 (2022: £75,989).
Further details are provided	in Appendix	1.
4.1 Total expenditure 2022
Grant funding			Other direct	Support and	Total 2022
	costs		costs	Governance
				costs
	£		£	£	£
Raising funds
Investment property	-		205,503	44,859	250,362
costs
Investment management	-		77,768	44,859	122,627
costs
	-		283,2 7 1	89,718	372,989
Charitable activities
Grant funding of activities	1,958,889		-	269,153	2,228,042
	1,958,889		283,2 7 1	358,871	2,601,031

COLYER FERGUSSON CHARITABLE TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR THE YEAR ENDED 31 MARCH 2023
5. Support and governance costs Staff costs (note 7) Professional fees Office costs	2023 £ 289,106 36,471 69,329	2022 £ 271,290 21,249 66,332
	394,906	358, 871

Included in the above are governance costs of £75,467 (2022: £69,698) relating to the cost of external audit, direct costs incurred by the board and an apportionment of support costs. Also included are support costs of £98,726 (2022: £89,718) associated with raising funds e.g. investment management.

6. Related party transactions and trustees’ expenses and remuneration

During the period, 4 trustees were reimbursed £664 in respect of travel and subsistence expenses (2022: £850). No trustee received any remuneration in the period (2022: none). James Thorne, a Trustee, worked as a consultant to Farrer & Co. James Thorne does not take part in the decision-making relating to the appointment of the firm as the Trust’s legal advisers.

7. Staff costs and remuneration of key management personnel

Number of employees

The average monthly number of employees during the period was:

Administrative Employment costs Wages and salaries Social security costs Pension costs	2023 Number 6		2022 Number 6
	2023 £ 244,099 22,536 22 , 47 1		2022 £ 229,732 20,380 21,178
	289,106		271, 290

The Trust considers its key management personnel comprise the trustees and the Chief Executive, the Executive Director of Operations and the Director of Finance. The total employment benefits of the key management personnel were £194,278 (2022: £183,972).

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£60,001 - £70,000 £80,001 - £90,000	2023 1 1		2022 - 1

8. Fees payable to the Trust’s auditors

Resources expended include amounts payable to the Trust’s auditors (excluding VAT) as follows:

Audit services Non-audit services 9. Tangible fixed assets Cost At 1 April 2022 Asset additions Assets fully depreciated At 31 March 2023 Depreciation At 1 April 2022 Charge in the period Depreciation written off in period At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 10. Investment properties Market value at 31 March 2022 Disposals at proceeds Net gains on revaluation (note 11) Market value at 31 March 2023	2023 £ 16,540 3,300	2022 £ 15,000 3,200
	19,840	18,200
		Fixtures, fittings and equipment £ 6,263 5,656 (5,045)
		6,874
		4,1 3 3 2,176 (5,045)
		1,264
		5,610
		2,1 3 1
		£ 10,646,000 (3,562,000) 1, 134,500
		8,2 1 8,500

COLYER FERGUSSON CHARITABLE TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

The investment properties were revalued by Caxtons, Chartered Surveyors of Gravesend, Kent based on rental yields at 31 March 2023.

Fixed asset investments

Market value at 31 March 2022 Acquisitions at cost Disposals at proceeds Net loss in the year (note 11) Movement on cash Market value at 31 March 2023 11. Net gains on investment Investment property Equity investments 12. Debtors Trade debtors Prepayments and accrued income	Listed Cash Total investments £ £ £ 17,579,005 1,227,552 18,806,557 15,267,487 - 15,267,487 (14,208,144) - (14,208,144) (1,017,144) - (1,017,144) - (992,070) (992,070)	Listed Cash Total investments £ £ £ 17,579,005 1,227,552 18,806,557 15,267,487 - 15,267,487 (14,208,144) - (14,208,144) (1,017,144) - (1,017,144) - (992,070) (992,070)
	17,621,204 235,482 17,856,686
		2023 2022 £ £ 1,134,500 1,935,000 (1,017,144) 728,584
		117,356 2,663,584
		2023 2022 £ £ 12,754 97,428 123,806 94,935
		136,560 192,363

13. Creditors: amounts falling due within one year

	2023	2022
	£	£
Grants payable (note 15)	3,059,075	2,556,300
Tax and social security	7,050	6,575
Accruals	19,850	38,455
Deferred income	3,293	8, 174
Other creditors	13,639	8,359
	3,102,907	2,617,863
Deferred income relates to rent received in advance.
All deferred income brought forward was released in the period.
14. Creditors: amounts falling due after more than one year
	2023	2022
	£	£
Grants payable (note 15)	462,125	850,400
15. Grants payable
	2023	2022
	£	£
Reconciliation of grants payable
Commitments at 1 April	3,406,700	4,067,102
Commitments made in the year	3,224,898	1,958,889
Grants withdrawn in the year	(100,000)	-
Grants paid during the year	(3,010,398)	(2,619,291)
Commitments at 31 March	3,5 2 1,200	3,406,700
Commitments at 31 March are
payable as follows:
Within one year	3,059,075	2,556,300
After more than one year	462,125	850,400
Commitments at 31 March	3,521,200	3,406,700

COLYER FERGUSSON CHARITABLE TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

16. Operating lease commitments

The Trust’s operating lease expense for the year was £26,000 excluding VAT (2022: £26,000 excluding VAT). At the balance sheet date, the Trust had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year In the second to fifth years inclusive	2023 2022 £ £ 12,290 26,000 - 12,1 1 0 12,290 38, 1 1 0

The Trust also acts as a lessor in connection with operating leases and continues to recognise the assets subject to the operating lease as assets on its balance sheet. The lease amounts received from the lessee are recognised in the Statement of Financial Activities on a receivable basis. The leases relate to the rental of property. The future minimum lease receipts arising from non-cancellable operating leases are shown below. Following the sale of rental properties during the year, the amounts now due to the Trust fall due as follows:

	2023	2022
	£	£
Within one year	41,805	188,889
In the second to fifth years inclusive	11,041	254,395
After five years	-	9,637
	52,126	452,9 2 1
17. Unrestricted funds
Movements on unrestricted funds are as follows:
	2023	2022
	£	£

Funds brought forward at start of period 33,693,1 1 1 32,968,291 Income 859,390 662,267 Expenditure (3,873,367) (2,601,031) Net gains on investments 117,356 2,663,584 Net movement in funds (2,896,621) 724,820 Funds carried forward at end of period 30,796,490 33,693,1 1 1

Unrestricted funds are available to be spent for any purposes of the Trust.

18. Financial instruments

At the balance sheet date, the Trust had financial instruments categorised as follows:

2023	2022
£	£

Financial assets measured 17,6 2 1,604 17,579,005 at fair value

Financial assets measured at fair value comprise listed investments

19. Reconciliation of net income to net cash flow from operating activities

Net (expenditure)/income for the reporting period (as per the statement of financial activities) Adjustments for: Depreciation charges Gains on investments Dividends, interest and rent from investments Decrease in debtors Increase/(decrease) in creditors Net cash used in operating activities	2023 2022 £ £ (2,896,6 2 1) 724,820 2, 176 1,455 (1 1 7,356) (2,663,584) (859,389) (662,267) 55,803 14,942 96,769 (663,334) (3,718,618) (3,247,968)

20. Ultimate controlling party

The Trustees do not consider that there is an ultimate controlling party.

21. Post Balance Sheet Events

Since the balance sheet date properties with a book value of £5,730,167 as at 31 March 2023 have been sold. Sale proceeds totalled £6,825,000 resulting in a realised gain of £1,094,833.

APPENDIX 1 GRANTS APPROVED 2023 AND 2022

COLYER FERGUSSON CHARITABLE TRUST

CHARITABLE ORGANISATION	2023 £	2022 £
3rd Walderslade Guides	3,500	-
Abigail’s Footsteps	-	15,000
Action with Communities in Rural Kent	15,000	15,000
AER (M) Tutoring CIC	-	5,000
Age UK Herne Bay and Whitstable	28,000	-
Alkham Valley Community Project	30,000	-
All Shades of Life CIC	4,000	-
Amber Foundation	-	56,000
Arts Education Exchange	-	75,000
Arts in Ramsgate	15,000	-
Ashford Counselling Service	15,000	-
Ashford Mediation Service	15,000	-
Ashford Volunteer Centre	5,000	14,200
Assoc. of Parents and Friends Bower Grove	5,000	-
Autism Apprentice CIC	-	15,000
Bags of Taste	5,000	-
Beach Creative	5,000	-
Beating Time	25,000	-
bemix CIC	-	30,000
Bethersden Community Cinema	5,000	-
Beyond The Page Ltd	15,000	-
Bloomers Trust	-	2,000
Blueprint Arts Foundation	57,110	-
Bright Shadow	55,000	10,000
Bus Shelter Kent Project	-	3,000
Cafe Revival Mind in Bexley and East Kent	5,000	-
Canterbury & Herne Bay Volunteer Centre	-	15,000
Canterbury and District Early Years Project	-	30,000
Canterbury Food Bank CIO	-	5,000
Carers First	-	52,300
Challenging Behaviour Foundation	-	44,500
Cheerful Sparrows Thanet	5,000	-
Cheriton Road Sports Ground Trust	-	20,000
Childhood First	-	45,000
Child’s Vision	-	30,000
Citizens Advice Maidstone	30,000	-

Citizens Advice Swale CHARITABLE ORGANISATION	2023 £	2022 £
	65,000	-
City Impact CIC	10,000	5,000
Cliftonville Cultural Space	-	4,000
Coastal Family Hub	1,000	-
Communigrow	-	55,000
Community Cupboard	-	4,000
Community Driving School	15,000	-
Computers 4 Charity	5,000	-
Construction Youth Trust	75,000	-
Counselling Centre	3,000	-
Creating Community Space Co CIC	2,000	-
Creative Lives	1,700	-
Cruse Bereavement Support East Kent and Swale	10,000	-
Cruse Bereavement Support Maidstone and Medw	ay 10,000	-
Curly’s Legacy	-	4,000
Custom Folkestone C.I.C.	-	5,000
Daisy Chain Project	4,000	-
Dandelion Time	60,000	-
Deal Music and Arts Limited	-	5,000
Disability Assist for Independent Living Ltd	5,000	-
Domestic Abuse Volunteer Support Services (DAV	SS) 60,000	-
Dover Big Local CIC	4,000	-
Dover smART Project	-	15,000
East Kent Education Business Partnership	-	12,000
Edenbridge and Westerham Citizens Advice	10,000	-
Espression Arts CIC	-	18,000
Evelina Children’s Heart Organisation	-	10,000
FAR Academy CIC	-	29,500
FASD Awareness	20,000	21,500
Faversham Assistance Centre	12,500	-
Fine Cell Work	-	34,000
Folkestone Leas Lift (Leas Lift Lockout) CIC	8,000	-
Folkestone Nepalese Community	15,000	-
Friends For Families Sevenoaks	20,000	-
Friends of Holcot	15,000	5,000
Fusion Maidstone	-	52,500

APPENDIX 1 GRANTS APPROVED 2023 AND 2022

COLYER FERGUSSON CHARITABLE TRUST

CHARITABLE ORGANISATION	2023 £	2022 £
Future Foundry CIC	30,000	15,000
Gillingham Street Angels	13,800	-
GRASS Cliftonville CIC	15,000	-
Gravesham Network Development CIC	2,600	-
Gravesham Sanctuary CIO	15,000	-
Halpern Charitable Foundation	73,750	-
Hands of Hope	5,000	-
Hanover House Residents’ Group	750	-
Happy Here CIC	-	4,000
Heart of Kent Hospice	150,000	-
Hi Kent	20,000	-
Home-Start Dover District	45,000	-
Hoo Peninsula Cares CIC	14,500	-
HOP Projects CIC	-	4,000
Hope Street Centre	5,000	-
Hygiene Bank Medway	-	5,000
I CAN	25,000	-
Icon Theatre	15,000	-
Ideas Test	30,000	-
Invicta National Academy	-	10,000
Involve Kent	20,000	-
JAM (John Armitage Memorial Trust)	7,500	15,000
Jess Lovibond Therapeutic Services	-	4,000
Keep Talking Services	4,000	-
Kent Coast Volunteering	-	15,000
Kent Enterprise Trust	10,000	-
Kent Equine Facilitated Learning	5,000	-
Kent Refugee Action Network	85,000	-
Kent Search and Rescue	5,000	-
Kenward Trust	45,000	-
KM Charity Team	5,000	-
Life Start Connections	15,000	-
Living Paintings Trust	2,000	-
Lyrici Arts Limited	15,000	15,000
Making a Difference to Maidstone	10,000	-
Margate Independent Foodbank CIC	-	7,500

Mason Foundation CHARITABLE ORGANISATION	2023 £	2022 £
	5,000	-
Medway Citizens Advice Bureau	15,000	-
Medway Foodbank	40,000	10,000
Medway Plus	5,000	-
Mental Health Resource	7,500	-
Mid Kent Mind	38,500	-
Migrateful	-	13,000
Music@Malling Ltd	5,000	-
Music4Wellbeing Kent CIC	5,000	-
My Roots Go Deep	-	2,500
Napier Friends	4,000	-
National Literacy Trust	-	88,000
New Romney Counselling Services	15,000	-
No Walls Gardens CIC	5,000	12,000
Not Beyond Redemption	50,000	-
Oaks Specialist College 2	40,000	-
Oasis Domestic Abuse Service	-	47,500
Octopus Foundation	-	15,000
Offploy CIC	-	51,500
Open Road Visions	50,000	-
Opportunities with Experience CIC	10,000	10,000
Our Kitchen on the Isle of Thanet CIC	-	15,000
Out to the Woods CIC	-	6,000
People Dem Collective	-	4,000
Porchlight	-	25,000
Positive View Foundation	50,000	15,000
Prince’s Trust	-	41,400
Princess Project	10,000	-
Prison Advice and Care Trust	33,000	55,000
Prison Fellowship	5,000	-
Prisoners’ Education Trust	16,500	8,000
Projekt Europa	4,000	-
RBLI	250,000	-
Refocus project ltd	75,000	-
Reform Restore Respect	5,000	-
Rewrite Your Story	21,000	15,000

APPENDIX 1 GRANTS APPROVED 2023 AND 2022

COLYER FERGUSSON CHARITABLE TRUST

CHARITABLE ORGANISATION	2023 £	2022 £
RFEA The Forces Employment Charity	-	75,000
Rising Sun Domestic Violence and Abuse Service	100,000	-
Rochester Indoor Skatepark	17,500	-
Romney Marsh Community Hub	-	15,000
Romney Resource Centre	50,000	-
Samphire	-	10,000
SATEDA	-	45,000
School-Home Support	25,000	-
Second Chance Medway	25,000	-
Shannon Trust	50,000	-
Shepway Spectrum Arts	5,000	-
Sk8side CIC	15,000	-
Slide Away	30,000	-
South Kent Mind	-	12,500
Sports Connect Community CIC	26,500	-
Spurgeons	120,000	-
Square Pegs Arts	-	36,000
St Augustine’s Gillingham	30,000	15,000
St Georges Childcare	10,000	5,000
St Giles Trust	-	42,000
St James PCC Isle of Grain	15,000	-
Student Life	-	13,000
Swale Gloves Amateur Boxing Club	4,000	-
Talk It Out	4,000	-
Team Tasha Fitness CIC	5,000	-
Tenterden Counselling Service	-	20,000
Tenterden Social Hub	-	45,000
Thanet Countryside Trust	-	15,000
Thanet Iceberg Project	15,000	-
ThinkForward	45,000	-
Together Kent	-	60,000
Tonbridge Sea Turtles	4,000	-
Touchbase Care CIC	5,000	-
Tree of Hope	5,000	10,000
Trinity Fencing CIC	20,000	-
Twinning Project	-	20,000

Umbrella Café CIC CHARITABLE ORGANISATION	2023 £	2022 £
	-	5,000
UNLOCK	-	53,000
Uprising Youth and Community CIO	45,000	-
We Are Beams	45,000	-
Well Projects C.I.C.	7,000	-
West Kent Community Radio	4,000	-
West Kent Debt Advice	-	45,000
Whizz-Kidz	60,000	-
Windmill Community Gardens	-	4,000
Woodpecker Wood CIC 2	30,000	-
Wye Community Farm	5,000	-
YO! Street Zone CIC	15,000	7,500
Young Lives Foundation	45,000	-
Young Women’s Trust	-	30,000
Youth Ngage	-	10,000
Zone Youth Club	20,000	-
Sub total	3,129,210	1,882,900
Grants to Individuals	95,688	75,989
	3,224,898	1,958,889

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COLYER
FERGUSSON
CHARITABLE TRUST
© Photograph courtesy of grant recipient Bright Shadow
74 75
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COLYER

FERGUSSON CHARITABLE TRUST

Colyer-Fergusson Charitable Trust 34 Hill Street, Richmond, Surrey TW9 1TW T: 0208 948 3388 E: grantadmin@cfct.org.uk

Charity Registration No. 258958

Contents

Introduction

Measuring impact

TRUSTEES’ REPORT AND ACCOUNTS

Achievements and performance

Aims

Objectives

The Trust’s strategic plan comprises five programmes:

Investing in Communities

1

Investing in Young People

2

Investing in Families

Investing in Rehabilitation

4

Grants to Individuals

5

Flagship projects

Total Grants Awarded 2018 to 2023

TRUSTEES’ REPORT AND ACCOUNTS

The year in numbers:

The year in numbers

Grants by region

Investing in communities

Investing in young people

Number of young people supported 15,864

Investing in families

Number of people supported 9,688

Investing in rehabilitation

Grants to individuals

Case studies

GRANTS TO INDIVIDUALS

TRUSTEES’ REPORT AND ACCOUNTS

Case studies

INVESTING IN COMMUNITIES

COMMUNITY DRIVING SCHOOL

TRUSTEES’ REPORT AND ACCOUNTS

WHOO CARES

Case studies

TRUSTEES’ REPORT AND ACCOUNTS

INVESTING IN YOUNG PEOPLE

OAKS COLLEGE

KENT REFUGEE ACTION NETWORK (KRAN)

Case studies

INVESTING IN FAMILIES

AGE UK HERNE BAY & WHITSTABLE

DANDELION TIME

Case studies

INVESTING IN FAMILIES

MID-KENT MIND

Case studies

BEATING TIME

PRISON ADVICE AND CARE TRUST (PACT)

Case studies

INVESTING IN REHABILITATION

PRISON EDUCATION TRUST (PET)

SHANNON TRUST

Plans for the future

Financial review

Investment policy and performance

Structure, governance and management

Key management personnel remuneration

Risk management

Objectives and activities for the public benefit

Reserves policy

Asset cover for funds

Fundraising

Legal and administrative information

Caxtons

Hobbs Parker

Statement of trustees’ responsibilities

INDEPENDENT AUDITOR’S REPORT

Opinion

Basis for opinion

Conclusions relating to going concern

Other information

Matters on which we are required to report by exception

Responsibilities of trustees

Auditors’ responsibilities for the audit of the financial statements