2021-03-31-accounts

1	NAME OF CHARITY:	NAME OF CHARITY:	Sandwich Toll Bridge Fund	Sandwich Toll Bridge Fund	Sandwich Toll Bridge Fund
2	REGISTRATION	NUMBER:	266738
3	GOVERNING INSTRUMENT:		The Charity was	registered		on 29 January				1974 and		is
			governed by the Sandwich Bridge				Act 1754.
4	OBJECTS:		To apply the surplus		trom	the	tolls or	duties			I'rom	the
			Sandwich Toll Bridge in any			public works		forthe			advantage
			ofthe town ofSandwich.
5	CURRENT TRUSTEES:		The legal Trustee		of Sandwich		Toll	Bridge			Fund	is
			Sandwich Town	Council.		The	Council		comprises			the
			following elected Councillors			who have equal				voting rights
			on matters relating	to	the Charity.		The current			members		are
			as follows:-
			Mr PGraeme —Chairman
			Mr A CBroun —Vice Chairman
			Mr M JHolloway —resigned			24/06/21
			Mr HJBragg
			Mrs D Carter
			Mr JEFranklin
			Mr P I Carter
			Mrs C Felton
			Mrs A Fox
			Mr DRFriend
			Mr K Heaven
			Mr M Lintott
			Mr H Sampson
			Mrs D Sivrikaya
			Mr W P Staple
			Mr DM A Wood
			No other person has served as a charity trustee, and no
			other person or body		is entitled to		appoint	a	trustee.
6	CLERK:		Miss Laura Fidler
			Clerk to the Trustee
			Sandwich Toll Bridge Fund
			Town Clerk's Office
			Guildhall
			Cattle Market
			SANDWICH
			Kent CT13 9AH
	INDEPENDENT	EXAMINER:	JD Sheather FCA
			McCabe Ford Williams
			Charlton House
			Dour Street
			DOVER
			Kent CT16 1BL

8	BROKERS dk NOMINEE COMPANY:	Cheviot Asset Management	Cheviot Asset Management	Cheviot Asset Management	Limited
		90Long Acre
		LONDON
		WC2E 9RA
9	BANKERS:	National Westminster		Bank	Pic
		31 High Street
		DEAL
		Kent CT146EW
		Scottish Widows	Bank
		67 Morrison Street
		Edinburgh
		EH3 8YJ
10	SOLICITORS:	Furley Page LLP
		39St Margaret's	Street
		CANTERBURY
		Kent CT1 2TX
		Williamson &Bames
		12/14 Queen Street
		DEAL
		Kent CT146EU
11	ARCHITECTS &BUILDING	Duncan Graham	Partnership
	MAINTENANCE	8 Cecil Square
		MARGATE
		Kent CT9 1BD
12	SURVEYOR:	Mr Julian Sampson, Mr Jim			Pace, Mr Nick Rook
		G W Finn 8r Sons
		Chartered Surveyors
		1 King Street
		SANDWICH
		Kent CT139BT

Deal Area Foodbank			K2,000
StPeters Care Ec share			f500
Food vouchers for pupils			K3,300
Sandwich Community	Lights		K1,000
Sandwich Social Supermarket		CIC	81,500
Sandwich in Bloom			X1,544
Phoenix Centre Grant			f5,340

					2021	2021	2021	2020
					Uarestricted	Restricted	Total	Total
				Note
INCOME AND ENDOWMFNTS			FROM:
Investment income				3	43,583		43,583	54,991
Trading income				4	5,283		5,283	42,354
Donations and grants received Profit on sale ofI'reehold property					67,432	9,433 -	9,433 67,432	4,644
TOTAL					116,298	9,433	125,731	101,989
EXPENDITURE ON:
Charitable activities
Donations and grants					15,184		15,184	15,440
Bridge Fund Pensions Contribution to the running		ofThe	Guildhall		481 85,941		481 85,941	1,210 189,158
Repairs and maintenance					452		452	7,538
Other projects					176	1,810	1,986	2,935
					102,234	1,810	104,044	216,281
Other expenditure
Trading expenditure				5	9,182	490	9,672	17,314
Governance costs				6	8,112		8,112	9,873
Administrative costs				7	45,418	5,351	50,769	10,036
Investment managers' fees					10,888	-	10,888	11,208
TOTAL					178,834	7,651	183,485	264,712
Net incoming /(outgoing)		resources before
transfers and valuations					(59,536)	1,782	(57,754)	(162,723)
Transfers between funds
Realised and unrealised	(losses) /gains
Realised &unrealised gains/(losses)			on investments	10	395,565		395,565	(129,064)
NET INCOME / (EXPENDITURE)					336,029	1,782	337,811	(291,787)
TOTAL FUNDS BROUGHT FORWARD					2,242,189	1,115	2,243,304	2,535,091
TOTAL FUNDS CARRIED FORWARD					2,578,218	2,897	2,581,115	2,243,304

		BALANCE S	HEET AS A	T 31MARCH 2021
				2021		2020
		Note
FIXEDASSETS
Tangible assets		8		93,569		99,047
Heritage assets		9		216,484		216,484
Investments		10		2,109,759		1,717,146
				2,419,812		2,032,677
CURRENT ASSETS
Stockoftown guides			2,621		2,621
Loan to Sandwich	Tennis Club		5,000		6,000
Debtors - sundry			11,741		51,735
Cash at bank and in hand			143,361		151,967
			162,723		212,323
CURRENT LIABILITIES
Creditors			1,420		1,696
NET CURRENT	ASSETS			161,303		210,627
				2,581,115		2,243,304
ACCUMULATED	FUND
Unrestricted Funds		13		2,578,218		2,242,189
Restricted Funds		14		2,897		1,115
		15		2,581,115		2,243,304

3	INVESTMENT	INCOME	INCOME
					2021	2020
	Rent receivable				8,070	8,070
	Bank and loan interest				16	195
	Dividends, etc				35,497	46,726
					43,583	54,991
4	TRADING INCOME
					2021	2020
	Car park dues and	car washing				29,735
	Property insurance	reimbursed			2,350	2,280
	VAT refund				2,300	2,139
	Tours					197
	Town Guides					78
	Museum donations	and	souvenir	sales	633	7,925
					5,283	42,354
5	TRADING EXPENDITURE
					2021	2020
	Insurance ofother properties Maintenance ofother properties				2,967	3,303 420
	VAT				2,300	2,139
	Museum expenses				3,915	7,923
	Museum intern salary				490	3,529
					9,672	17,314
6	GOVERNANCE	COSTS
					2021	2020
	Independent examiner's		fees		1,280	1,650
	Depreciation				5,267	5,379
	Bank charges				67	91
	Professional fees				1,498	2,753
					8,112	9,873

7	ADMINISTRATIVE COSTS
				2021	2020
	Admin salary recharges			49,623	7,890
	General admin and office expenses			1,146	2,146
				50,769	10,036
8	TANGIBLE FIXEDASSETS
		Freehold	Improvements	Fixtures,	Total
		Property	to Leasehold	Fittings &
			Property	Equipment
	Cost
	As at 1 April 2020	10,461	108,014	27,033	145,508
	Additions
	Disposals	(211)			(211)
	As at 31 March 2021	10,250	108,014	27,033	145,297
	Depreciation
	As at 1 April 2020		26,598	19,863	46,461
	Charge for year		2,160	3,107	5,267
	Eliminated on disposai
	As at 31 March 2021		28,758	22,970	51,728
	Net book value c/f	10,250	79,256	4,063	93,569
	Net book value b/f	10,461	81,416	7,170	99,047
9	HERITAGE ASSETS
	Cost
	As at 31March 2020 and 31 March	2021		216,484

10	INVESTMKNTS —MANAGED PORTFOLIO	INVESTMKNTS —MANAGED PORTFOLIO	INVESTMKNTS —MANAGED PORTFOLIO
				2021	2020
	At Valuatioa
	Valuation	as at 1 April 2020		1,717,146	1,877,599
	Additions	in year at cost		237,793	321,179
	Sale proceeds			(240,745)	(352,568)
	Realised and unrealised		gains I(losses)	395,565	(129,064)
	Valuation	as at 31 March 2021		2,109,759	1,717,146
				2021	2020
					8
	At Cost
	Cost as at	1 April 2020		1,421,200	1,355,042
	Additions	in year at cost		237,793	321,179
	Disposals	in year at cost		(263,334)	(255,021)
	Cost as at	31March 2021		1,395,659	1,421,200

			Brought	Incoming	Outgoing	Gains	Transfer	Carried
			forward	resources	resources	and losses		forward
					8
General	funds		2,226,341	48,866	(175,834)	462,997		2,562,370
Designated		funds:
Sandwich		Guildhall
Museum			15,848					15,848
			2,242,189	48,866	(175,834)	462,997		2,578,218

		Brought	Incoming	Outgoing	Transfer	Carried
		forward	resources	resources		forward
Internship	fund	1,115		(490)		625
SEMDP	fund		4,082	(1,810)	-	2,272
Covid-19	fund		5,351	(5,351)
		1,115	9,433	(7,651)		2,897

15	ANALYSIS O	F NKT ASSETSBET	WEEN FUNDS
		Unrestricted	Restricted	Total	Total
		Fund	funds	funds	funds
				2021	2020
Fixed assets		2,419,812		2,419,812	2,032,677
Current	assets	159,826	2,897	162,723	212,323
Current	liabilities	(1,420)		(1,420)	(1,696)
		2,578,218	2,897	2,581,115	2,243,304

16 COMPARATIVKS FOR THE STATE	MENT OF FINANC	IAL ACTIVITI	ES
	Year	ended 31March	2020
	Unrestricted	Restricted	Total
INCOMING RESOURCES:
Investment income	54,991		54,99!
Trading income	42,354		42,354
Donations and grants received		4,644	4,644
TOTAL	97,345	4,644	101,989
RESOURCES EXPENDED:
Charitable activities
Donations and grants	15,440		15,440
Bridge Fund Pensions	1,210		1,210
Contribution to the running ofThe Guildhall	189,158		189,158
Repairs and maintenance	7,538		7,538
Other projects	488	2,447	2,935
	213,834	2,447	216,281
Other expenditure
Trading expenditure	13,785	3,529	17,314
Governance costs	9,873		9,873
Administrative costs	10,036		10,036
Investment managers' fees	11,208		11,208
TOTAL	258,736	5,976	264,712
Net outgoing resources before
transfers and valuations	(161,391)	(1,332)	(162,723)
Transfers between funds	9,774	(9,774)
Realised and unrealised losses
Realised &unrealised losses on investments	(129,064)		(129,064)
NKT EXPENDITURE	(290,455)	(1,332)	(291,787)
TOTAL FUNDS BROUGHT FORWARD	2,532,644	2,447	2,535,091
TOTAL FUNDS CARRIED FORWARD	2,242, 189	1,115	2,243,304