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|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||||
##
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|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|
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||||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|
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|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|
##
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||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|
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||||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|