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|1|NAME OF CHARITY:|NAME OF CHARITY:|Sandwich<br>Toll Bridge Fund|Sandwich<br>Toll Bridge Fund|Sandwich<br>Toll Bridge Fund||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2|REGISTRATION|NUMBER:|266738||||||||||
|3|GOVERNING INSTRUMENT:||The Charity<br>was|registered||on 29 January||||1974 and||is|
||||governed<br>by the Sandwich Bridge||||Act 1754.||||||
|4|OBJECTS:||To apply<br>the<br>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<br>legal<br>Trustee||of Sandwich||Toll|Bridge|||Fund|is|
||||Sandwich<br>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<br>CT13 9AH||||||||||
||INDEPENDENT|EXAMINER:|JD Sheather FCA||||||||||
||||McCabe Ford Williams||||||||||
||||Charlton<br>House||||||||||
||||Dour Street||||||||||
||||DOVER||||||||||
||||Kent<br>CT16 1BL||||||||||





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## 

|8|BROKERS dk NOMINEE COMPANY:|Cheviot Asset Management|Cheviot Asset Management|Cheviot Asset Management|Limited|
|---|---|---|---|---|---|
|||90Long Acre||||
|||LONDON||||
|||WC2E 9RA||||
|9|BANKERS:|National<br>Westminster||Bank|Pic|
|||31 High Street||||
|||DEAL||||
|||Kent CT146EW||||
|||Scottish Widows|Bank|||
|||67 Morrison<br>Street||||
|||Edinburgh||||
|||EH3 8YJ||||
|10|SOLICITORS:|Furley Page LLP||||
|||39St Margaret's|Street|||
|||CANTERBURY||||
|||Kent CT1 2TX||||
|||Williamson<br>&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<br>Surveyors||||
|||1 King Street||||
|||SANDWICH||||
|||Kent CT139BT||||





## 

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





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||||||2021|2021|2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||Uarestricted|Restricted|Total|Total|
|||||Note|||||
|INCOME AND ENDOWMFNTS|||FROM:||||||
|Investment<br>income||||3|43,583||43,583|54,991|
|Trading income||||4|5,283||5,283|42,354|
|Donations<br>and grants received<br>Profit on sale ofI'reehold property|||||67,432|9,433<br>-|9,433<br>67,432|4,644|
|TOTAL|||||116,298|9,433|125,731|101,989|
|EXPENDITURE ON:|||||||||
|Charitable<br>activities|||||||||
|Donations<br>and grants|||||15,184||15,184|15,440|
|Bridge Fund Pensions<br>Contribution<br>to the running||ofThe|Guildhall||481<br>85,941||481<br>85,941|1,210<br>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<br>expenditure||||5|9,182|490|9,672|17,314|
|Governance<br>costs||||6|8,112||8,112|9,873|
|Administrative<br>costs||||7|45,418|5,351|50,769|10,036|
|Investment<br>managers'<br>fees|||||10,888|-|10,888|11,208|
|TOTAL|||||178,834|7,651|183,485|264,712|
|Net incoming /(outgoing)||resources before|||||||
|transfers<br>and valuations|||||(59,536)|1,782|(57,754)|(162,723)|
|Transfers<br>between<br>funds|||||||||
|Realised and unrealised|(losses) /gains||||||||
|Realised &unrealised<br>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<br>Funds||13||2,578,218||2,242,189|
|Restricted Funds||14||2,897||1,115|
|||15||2,581,115||2,243,304|






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## 

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





## 

## 

|7|ADMINISTRATIVE COSTS|||||
|---|---|---|---|---|---|
|||||2021|2020|
||Admin<br>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<br>1 April 2020||26,598|19,863|46,461|
||Charge for year||2,160|3,107|5,267|
||Eliminated<br>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<br>COMPARATIVKS FOR THE STATE|MENT OF FINANC|IAL ACTIVITI|ES|
|---|---|---|---|
||Year|ended 31March|2020|
||Unrestricted|Restricted|Total|
|INCOMING RESOURCES:||||
|Investment<br>income|54,991||54,99!|
|Trading income|42,354||42,354|
|Donations<br>and grants received||4,644|4,644|
|TOTAL|97,345|4,644|101,989|
|RESOURCES EXPENDED:||||
|Charitable<br>activities||||
|Donations<br>and grants|15,440||15,440|
|Bridge Fund Pensions|1,210||1,210|
|Contribution<br>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<br>costs|9,873||9,873|
|Administrative<br>costs|10,036||10,036|
|Investment<br>managers'<br>fees|11,208||11,208|
|TOTAL|258,736|5,976|264,712|
|Net outgoing<br>resources before||||
|transfers<br>and valuations|(161,391)|(1,332)|(162,723)|
|Transfers between<br>funds|9,774|(9,774)||
|Realised and unrealised<br>losses||||
|Realised &unrealised<br>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|