2023-03-31-accounts

I	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		I'rom		the tolls or		duties		Irom	the
		Sandwich Toll Bridge in any				public works		for	the	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 PICarter —Chairman
		Professor C Ungerson		—Vice Chairman
		Mr JEFranklh
		Mrs D Carter
		Mr D Marie
		Mr C Wiles
		Mr N C Gray
		Mr M Moorhouse
		Mr M Pennington
		Mr IBlack
		Mr PBreen
		Mr ECsuka
		Mr WFortescue
		Mr SMallett
		Mrs LRipley
		Ms V Tomlins
		No other person is currently			serving		as acharity trustee, and
		no other person or body is entitled					to appoint		atrustee.
		Mrs Gilliau Gray
		Clerk to the Trustee
		Sandwich Toll Bridge		Fund
		Town Clerk's Office
		Guildhall
		Cattle Market
		SANDWICH
		Kent CT139AH
	INDEPENDENT EXAMINER:	JD Sheather FCA
		McCabe Ford Williams
		Charlton House
		Dour Street
		DOVER
		Kent CT16 IBL

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

Sandwich	Cricket Club		Z2,000
Sandwich	Folk /? Ale Festival Association		f2,000
Deal Music and Arts Limited			X2,000
Gazen Salts Nature Reserve			$7,020
Sandwich	Community Events Association		Z2,500
Sandwich	Community Chrislmas	Lights	X2,500
Sir Roger	Manwood's School		K7,000

			2023	2023	2023	2022
			Unrestricted	Restricted	Total	Total
	Note
INCOME AND ENDOWMENTS FROM:
Investment income	3		59,713		59,713	61,450
Charitable activities	4		161,378		161,378	110,560
Donations and grants received			8,770		8,770	1,000
Profit on sale offreehold	property					187,862
Fee for loan ofhistorical	artifacts					35,000
TOTAL			229,861		229,861	395,872
EXPENDITURE ON:
Charitable activities
Donations and grants			25,020		25,020	21,057
Running ofThe Guildhall			219,710		219,710	328,884
Running ofthe Sandwich	Museum		34,883		34,883	6,833
Other projects						108
Support coW	5		81,029		81,029	68,499
			360,642		360,642	425,381
Other expenditure
Governance costs	6		4,981		4,981	7,319
Investment managers' fees			10,719		10,719	11,515
TOTAL			376,342		376,342	444,215
Net outgoing resources before
transfers and valuations			(146,481)		(146,481)	(48,343)
Transfers between funds			857	(857)
Realised and unrealised	(losses) /gains
Realised &unrealised (losses) / gains on investments		9	(166,903)		(166,903)	113,089
NKT INCOME / (EXPENDITURE)			(312,527)	(857)	(313,384)	64,746
TOTAL FUNDS BROUGHT FORWARD			2,643,589	2,272	2,645,861	2,581,115
TOTAL FUNDS CARRIED FORWARD			2,331,062	1,415	2,332,477	2,645,115

3	INVESTMENT INCOME	INVESTMENT INCOME	INVESTMENT INCOME
						2023	2022
	Rent receivable					8,060	8,060
	Property insurance	reimbursed				2,299	2,059
	Bank and loan interest					2,464	16
	Dividends, etc					35,750	36,866
	Car park dues					11,140	14,449
						59,713	61,450
4	~ABLEACTIVITIES
						2023f	2022f
	VAT refund					21,266	7,461
	Guildhall hire fees					43,521	45,521
	STCcontribution to Guildhall			costs		91,804	54,406
	Tours and lectures					219	465
	Museum fees, donations		and souvenir		sales	4,568	2,707
						161,378	110,560
5	SUPPORT COSTS
						2023	2022
	Admin salary recharges					55,159	32,196
	General admin and	office expenses				691	453
	Insurance ofother	properties				3,163	3463
	Repairs and maintenance					750	165
	VAT (including non recoverable)					21,266	32,422
						81,029	68,499
6	GOVERNANCE	COSTS
						2023	2022
	Independent examiner's		fees			1,530	1,640
	Depreciation					3,386	4,675
	Bank charges					65	160
	Professional fees						844
						4,981	7,319

	Freehold	Improvements	Fixtures,	Total
	Property	to Leasehold	Fittings /k
		Property	Equipment
Cost
As at I April 2022	10,250	108,014	27,033	145,297
Additions
Disp os els
As at 31 March 2023	10,250	108,014	27,033	145,297
Depreciation
As at I April 2022		30,918	25,485	56,403
Charge for year		2,160	1,226	3,386
Eliminated on disposal
As at 31March 2023		33,078	26,711	59,789
Net book value c/f	10,250	74,936	322	85,508
Net book value b/f	10,250	77,096	1,548	88,994
HERITAGE ASSETS
Cost
As at I April 2022			216,484
Additions			1,300
As at 31March 2023			217,784

INVESTMENTS —MANAGED PORTFOLIO	INVESTMENTS —MANAGED PORTFOLIO
		2023	2022
At Valuation
Valuation as at 1 April 2022		2,003,159	2,109,759
Additions in year at cost		238,760	26,596
Sale proceeds		(338,891)	(246,285)
Realised and unrealised	gains /(losses)	(166,903)	113,089
Valuation as at 31March 2023		1,736,125	2,003,159
		2023	2022f
At Cost
Cost as at 1 April 2022		1,247,352	1,395,659
Additions in year at cost		238,760	26,596
Disposais in year at cost		(235,151)	(174,903)
Cost as at 31March 2023		1,250,961	1,247,352

		Brought	Incoming	Outgoing	Gains	Transfer	Carried
		forward	resources	resources	and losses		forward
							f
General funds		2,592,741	215,304	(331,235)	(166,903)	777	2,310,684
Designated	funds:
Sandwich	Guildhall
Museum		15,848		(1,300)			14,548
Archive fund		35,000	14,557	(43,807)			5,750
Roman Bowl						80	80
		2,643,589	229,861	(376,342)	(166,903)	857	2,331,062

			Brought	Incoming	Outgoing	Transfer	Carried
			forward	resources	resources		forward
			f				f
SEMP	Improvement	fund	2,272			(857)	1,415
			2,272			(857)	1,415

		Unrestricted	Restricted	Total	Total
		Fund	funds	funds	funds
				2023	2022
Fixed assets		2,039,417		2,039,417	2,308,537
Current	assets	297,719	1,415	299,134	348,705
Current	liabilities	(6,074)		(6,074)	(11,381)
		2,331,062	1,415	2,332,477	2,645,861

		Year	ended 31March	2022
		Unrestricted	Restricted	Total
INCOMING RESOURCES:
Investment income		61,450		61,450
Charitable activities		110,560		110,560
Donations and grants received			1,000	1,000
Profit on sale offieehold	property	187,862		187,862
Fee for loan ofhistorical	artifacts	35,000		35,000
TOTAL		394,872	1,000	395,872
RESOURCES EXPENDED:
Charitable activities
Donations and grants		21,057		21,057
Running ofThe Guildhall		328,884		328,884
Running ofSandwich Museum		5,066	1,767	6,833
Other proj acts		108		108
Support costs		68,499		68,499
		423,614	1,767	425,381
Other expenditure
Governance costs		7,319		7,319
Investment managers' fees		11,515		11,515
TOTAL		442,448	1,767	444,215
Net outgoing resources	before
transfers and valuations		(47,576)	(767)	(48,343)
Transfers between funds		(142)	142
Realised and unrealised	losses
Realised &unrealised gains on investments		113,089		113,089
NET INCOME / (EXPENDITURE)		65,371	(625)	64,746
TOTAL FUNDS BROUGHT FORWARD		2,578,218	2,897	2,581,115
TOTAL FUNDS CARRIED FORWARD		2,643,589	2,272	2,645,861