ality IewioIi 110.. 266738
SANDWICH TOLL BRIDGE FUND
Fll¥ANCIAL STATEMEWTS
FOR THE YEAR EM)ED 31 MARCH 2024

SANDWtCH TOLL BRIDGE FUF4D
FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31.MARCH 2024
DEX
Page 1-4
Tn￿tees. Report
Report of the tnty¢tthit EXa￿]ner
Stthmejll of Fitwicial A¢tivities
BaIance Sheet
8-13
Notes to the Fioallcial Statemellts

TRUSTEES. REPORT FOR THE YEAR EfffjED 31 MARCH 2024
The trnstees present tbeirT¢POrtwith the fuwcial stalementsof the ch￿lty fortheyear ended31 March 2024. The
tr￿Stee$ have adDPted th¢ provisionsolAccowitingaLdRewrtuig bych￿tIl<s.' S￿¢M￿lofReCornmellded Practice
applicable to clwitie5 preparing theiraccounts ill accoTdallc¢withtheFin8JKiaiRwtiDgSkndardapplicableillthe
UK olld Republic of IrElaTKI (FRS 102) (effective l January 2019).
NAME OF CUARITY:
Sandwich Toll Bridge Fund
REGtSTRATION LYULVtBER:
266738
GOVER￿￿NG ThSTRUillEWr:
The Charity was regiuered on 29 January 1974 and is
governed by the Sallthiich Bridge Act 1754.
0￿Ec[s.
To apply the surplus from the tol]5 or thties from the
SaDdwichToll Bridge in any￿blICworks forthe advantage
of the town of Sandwich.
CURREwf TRUSTEES:
The legal TDJstee of Sandwich Toll Bridge Fund is
Sandwich Town Council. The Council cornprises the
followtng elected CDun¢illors w]LO have equal voling rights
matters rejatsng kn the Chatity. The cU￿￿t wejnbers are
as follows-.-
Mr E Csuka- Vice Cbairn
Mr J E Fratiklin
Mrs D Cart
Mr D.Xlarie
Mr C Wdes
MrNCGray
Mr M Moorhouse
Professor C Unger
Mr M PeT]nington
Mr l Black
Mr P Brecn
Mr W Forte5cue
Mr S Mallett
MTS L Ripley
Ms V TomliDs
No otherFtrsonis CUtr<￿tlySer¥illg Ls a ohaTitytrustee. a]Ld
llo othff person or FKdy is atitled to appoint a (￿Stee.
Mrs Gillian Gray
Clerk to the Trustee
Sandwich Tou BriQtse Fund
Town Cle￿S Office
Gui]dball
SANDWtCH
Kent CTIJ 9AH
IDEPENDENT EXAMLNER:
J D Shether FCA
Mccabe Ford vr￿la￿S
Charl￿￿ House
Dour StJEet
DOVER
Kent CT16 IBL

TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 (CONfllYuED)
BROKERS & NOMINEE COMPANY: Cheviot A&set Manage￿ellt Litnited
Senator Hou5¢
85 Queth Virttria Strttt
EC4V 4AB
BANKERS:
National Westillit￿ Bank PIC
13 Cecil Sq￿e
MARGATE
K¢nt Cf9 IXY
Scottish Widows Bank
25 Gresham Street
LONDON
Ec2V 7HN
io
SOLICTfOIiS:
Furlry ￿e LLP
39 St Margar¢t""s Street
CANTERBbRY
Kent CTI 2rx
12114 Queen Street
DEAL
Keut cr14 6EU
ARCHtTECTS & BUILDING
I￿ENANCE
8 Cecil Square
MARGATE
Kent cr9 IBD
12
SURVEYOR:
Mr JuIian S3￿p$0￿, MrJim Pace, Mr Nick Rooke
Fitll]s
Chartered Surveyots
2 Market.Stre¢t
SANDWICH
Kellt CT13 9DA
13
Jn accordance with the ternis of ibe governing instrum￿1 of the Charity, and the current stathtory
regulations, p)w¢r is grdnted to theTnLSteeofth¢ Chariryto muimisethe ineorne frorn investment and to
[￿e it for the 2dvantage of the iown of Sa￿a￿l￿. This is inteipreted by the TrJ]ste¢ as restricting any
purchase or tna(nt¢nance of ass&s. and an) dimatiou or granL to individuals and organisations operating
within the town of Sgndwicb whose objectives are to provide and irnprove facilities and services for the
beJefit of the people of the town of Sandwicb. The Tn￿tee have carried out a review of pubLic benefit
provided by the Charity which h&% been dI5¢V￿ and approved and is available forpubIic scmtiny.
14
The Charity's largest itemofexpeDditure is co￿tn￿uljrtgtothe n￿￿ing of the historic Guildhall (includiug
the Museum and Archives). The Guijdball is widely used by the wuiation of Sandivich and other5. The
Tnlstee prepares amillai budgets showing anticipated income 8]]d expenditL]re oveT the period and are
mindful of the nece55ity to ensure pnmjeni use of the Charity'$ income. After a sigllifIconl change of
Councillors and staff, measures are being putin place to fAcilitat¢ the maintenance andrentreviews on all
clwity owued/managed propulies in accord8n¢¢ with the tern￿ of their tenancy agreements and leases.
The investment athiser atCheviotA&o Manag¢Tnent hasachieved a level ofreturn in theyear of12.6V/o.
The ternis of b￿]nesS with Cheviot Assd Management is regularly reviewed. The Trustee conttnues to
exercise prudence alld a rnedium-risk Inves￿ent p)rtfolio is Siwulaled.

SA14DWICH TOLL BRIDGE FUND
TRUSTE￿. REPORT FOR THE YEAR ENDED 31 TrL%RCH 2023 (CONfr4LED}
The inyesfment income is reviewed monthly when a valuation 2ud review of tbe Charity's itivestsnents is
retrived from ouradvisors. alldalso ￿OlbertI￿￿CS duriD8ttLey¢arivhEn Sal￿ orputthaKs of inve5ttllen$
have occurred. Jn additiontoregularreviews. thE Trustee meetsquarterty alld alea¢hme￿jD8ItiCon￿Alld
expenditure transactions and updated budget Collsidered and apw)ved by Truslee.
The Museum and Archive CoTDrnittee meet quarlerly to ￿]eW Musewn relatsd matiers. The Finance
co￿￿]rte¢ now meets once amontK to review any financlal matters. The comraittees have no powers to
S￿lla I￿oneY and are wholly advisory as all decisions are by the Thistee as a body.
15
No knilding works were carried oui durtng the year othff thanroutine repairs and maintenance.
16
The Tn￿te¢ conf]rnis that the f]nancTa] statements have been pryttd ill accordance with the Chatities
Act 2011, the goyeming instsU￿eDt and th¢ FTovisions of Accounting and Reporting by Chatities..
Statemellt ofRecomtnended Practi¢¢ appli¢able to ¢bariuespreparingth¢raccountsina¢cordancewiththe
Financial Reporting StaLdar(l appli¢able in the UK and Republicof ITeland (FRSIO?) (effective l January
2019).
17
The Charity has no relationsb4) with a wid¢r netw(Yk or related F•rties. therefore, no related pty
tran%actions are shown ill the accounts.
18
The following is ourmiew of tb¢ Charity's artivities in the tt) 31 March 2024..
The corrtri1mltii￿ T￿e1ved from pw*iDg cbarges in 2023124 WL8 £33,478 which is a sigtiificknt increase
from £l1:140 receivabl¢ for 202Y23. The higher level of inconLe is partially due to & p￿IllB codiDg
stiucture m￿lifiCation at the Distiict Council who manages the car park.
The loall to the T•mts Club contillu&s to reduce and shollldbe off in 2025126.
19
The following grallts, considered tobe to the advantage ofthe town of Sandwicb. a5 set out in the objects
of the Tn￿L, were awardedto local orgallisations and itidividua]s:
Sandwich SaIutes the Forties
PCC St Clements Churcb
Sandwich in Bloom
Deal Music and Arts FestivaI
Sandwich Fo]k & Ale Festival A$s￿latIon
Sandwich Age Concern
White Mill Sandwich
Gazell Salts N#￿Te Reserve
£5.0(KJ
Q500
£250
£150
£6,903

sAND￿CH TOIL BRIDGE Fuf4D
TRUSTEES, REPORT FOR THE YEAR ENDED31 MARCH 2024 (Cop￿1￿￿J￿D)
20
The futurc plaD5 for the Chality ￿¢ as follows:
Ha]f of Sattdwich'smuseum alldATthTYe CollectionhasbeED movedintothe new Collection Store inthe
GuildlRII. There have been 8.000 it¢mS recorded so far the collectioll inventory as weu as 1,000 from
the reference l]l)rary. There aTE also plans to improve the Museum's IT. in order to bettu support the
collectioll and to ensure that the collections infffln&ion is safeguarded. There are a]so plaus to i￿PrOVe
access to the Museum Colltttioll through digitsl platfoThus such as the Sandwich Guildhall Museu
website.
21
The Tn]siees Coniinlle to be appreciative ofth¢ci>nsid¢rable CA)ntnl>utionmadebythe volunteers whorun
the.Museum and Ar¢hiv¢5.
22
White dLere artnode<licatedfjJDdraisiD8eveuts, the Museumgains donation4 as entyeontÉnue%tobefrE
of charge.
23
The Charity'spolicy on res¢rvesh&sbeett toen5ure sufficient liquid assets are availabletomeet c(qJtinuing
costs while attemptu￿t0 In￿ease tOthI￿servIEto¢ThSu[C tbe Charty isnotovenakenby inflation. Asthis
report indicates th¢re will, fr(Nn time to tttlle, be subsranual costs associated with the maintenance of an
ancient buildujg. therefore, adequate fi]llds ￿USt k reserved to meet tbis need whett it Occllrs. This
deierniines the illv¢sttneDtpolicy of tbe Charityalldtodatethe Trustee is satisfiedwithtbeperformanceof
their advisoTS, butwill CODtinue to review tEu"5 ll￿tter in the futureto determine whether a ch2ngc needs to
be￿ade. Currently th¢ Tn￿￿be￿.eveS it ttnperative tt) ensure anadequate inctsme stream Mryth long tcnD
oapitai growth, and our adyisors are IDstrUct￿ accordingly. Tr Charity's incoTh¢ Tes¢rv¢$ hcld at 31
March 2024 atnowited to £2.143.866 (2023 - QIY27.770).
24
We confirmthatthenumberand valueofthe grantsmadein the year ate dis¢losed ]nth¢a¢¢oUn￿ andabo
detaijed in item 19 above. and that llo Imdiscl¢iwJ grants w¢xe iti th¢ The Charity has no
fi]nds in deficiL
25
Areview of risk &sse&wiellts is carriel outon anallllual basis aodDO ri$ks were identified inthis financial
y￿. The provtsions made in tILe accounts to dea] with pot¢ntial dis8steTS are deemed sufficiejki.
P I Carter
E Csuka
Date:

IriDEPENDEF4T EXAMINER'S REPORT TO THE TRUSTEES
ON THE UNAUDrrED FINAI¥CIAL STATEMEiwfs OF
I rewrt on the fnwicial st8tsJneTAts ofthe Charity ￿theyearellded 31 M8rcb2024 setouton pages siyto thirtee
Responsibtiities alld basts OT Ttport
As the cliarity ttusteesyou &¢T¢S&￿sIble fortbeprqTrardtionoftheac£ounts inacrfjrdancewiththewirements of
the Charities Act 2011 Clbe Arf,).
Ireport in respect ofmy exa[[tit￿tioll of the Ch￿￿ty,8 acLOUDts carried outundff section 145 ofthe 2011 Act and in
carrying oui my examination Ihav¢ followedall the aM)]icabk DirectionSgiv￿ bythe Charity Conunissionunder
section 145(5)(b) of the ACL
Indep¢ndeDt examille￿$ statemeot
Sittce your charity's gross ilLCOIDC Exceeded £250,(KK) your t￿￿11ner must a membts of a listed b￿y. I can
tonfiTTll that l am qualified to undertake the examination 1￿cause l am a memljer of the Instilute of Chartered
A¢¢o￿ltants in England & Wales, which is one of the listed bodi&8.
Ihave ¢ompletedmy examination. I cortfirni th￿ll0 ]naterial mattets havecornetomyattention in connectionwith
the ¢xamiDation giving me cause to beli¢ve that in any ]naterial respect."
. accountiDg records were not kept in of the c]wity ￿ required by se¢tion 130 of the Act,. or
2. the accounts do not aword with those recottls" or
3. the atto￿nts do not compty with the applicable requiremeDts ¢ollwning the forn] and content of the
accoullts set out in the Charities (Accounts and Reports) ReglllatiODS 2(K)8 othu than any requiremeThtthat
the accounts give a "true and fair view- whtch is not a matter ¢OTJsidered as part of an independent
exatnination.
Ihave no concerns and have come across llo othtr tuatt¢r5 in ¢ODDection with the examillaiion to which attentio
sbould be dralvn in this report in order to enable a Pro￿[underStanding of the accounts tobe reached.
J D SHEATHER FCA
MCCABE FORD WILLL4MS
CHARTERED ACCOLNfANrs
CHARLTON HOUSE
DOUR STREEr
DOVER
KENTCT16 IBL
Date:

STATEIMEf4T OF FINANCIAL AcrivrriFS FOR THE YEAREM)ED 31 MARCH 2024
2024
2024
UnrestrieteA Rtstrieted
2024
Total
21123
Total
Note
INCOME AfqD EP4DOWMENTS FROM:
InveSt￿ellt in¢0￿C
Charitable activitie5
Donations and re￿iVed
83,537
189,710
83,537
189,926
15.500
59,713
161,378
8,770
216
15.51M)
TOTAL
273,247
15,716
288.963
229.861
EXPF.NDITURE ON:
Charitable aetivities
Donation% and gramts
Running of The Guildhall
RllDning of the sandwich Museum
Support costs
21.803
234,637
iiioi
74,887
21,803
234.637
13.601
75.103
25.020
219.710
34,883
81.029
.50D
216
M3.428
1,716
345.144
360,642
Other expenditure
Governance costs
tnvestment maDagers' fees
4,506
10,467
4.506
10,467
4,981
10,719
TOTAL
358.401
1,716
360,117
376,342
Net outgokng resollrce5 belDre
transfers valuatioLs
(85.154)
14,IMM)
(71,154) (146,481)
Transfers bettveen funds
Realised and unreaiised O(L55es) Ig4iJJs
Reali5ed & unrealised 005se5} / gains OD inves(mo)ts 9
198.970
i98.￿0
(166.903)
NET INCOME / (EXPENDITURE)
113.816
14,0
127.816
(313,384)
TOTAL FUNDS BROUGHT FORWARD
2.331.062
1.415
2J32.477 2,645,861
TOTAL FUF4DS CARRtED FORWARD
2.444,￿8
15.415
2,460293 2,332,477

SAhl)WICH TOLL BRIDGE FUND
BALLNCE SItEKf As AT 31 MARCH 2024
2023
Note
FIXTD ASSETS
TaDBible assets
Heritage assets
Investments
83,228
229.784
l.Y16.432
85.508
217,784
1.736.125
1289.444
2.039,417
CURRENT ASSFTS
Stock of town guides
Loan to Sandwich Tennis Club
Debtors - sun
Cash at bank and An ]￿lld
2,588
2,(100
63,615
115.467
2,621
3,000
33,148
260,365
183.670
299,134
CURRENT LIABILITIES
Creditors
11821
6.074
NET CURRENf ASSETS
170,849
293,060
1460293
2,332,477
Unrestricted Funds
Restricted Funds
12
13
2,444,878
15,415
2,33 1,062
1,415
14
2.460,293
2,332,477
P I Cart£r
E Csuka
Date
13"
i)cwUrf 7oL

SANDWICH TOIL BRIDGE FUND
NOTES TO THE FINAN￿AL STATEhlENfs AS AT31 MARCH 2024
srATtrroRY INFOILMATION
The Sandwryth Toll Bridge Fund i5 uninc• clwity registe￿1 ill E￿81a￿l. Th¢ Gharity's
registered nwllber, wincipal addr&*s and TratU￿ of operdtiolls call be found the Truste¢s Report.
ACCOUP4TING POIJCILS
Basis of preparing the fwancial stAtements and assessment ofgoing concerll:
The fD￿ncial stat¢￿ents of the chariry, whieh is a public benefii entity under FRS 102, have bee
prepared in accordancewith the Charities SORP (FRS 10?) Accounting andReportingbyCharities:
Statement of Recon]mended ltactice appliL¥ble to ¢barities preparing their accounts in ￿)rda￿te
with the Financial Reporting Standard applicabl¢ in the iJX amd Republic of Ireland (FRS 102)
[cff￿tive l January 2019),. Firwicial Re￿rtillg Standard 10? The Financial Reporting Standard
appiicable in the UK aDd Republic of ITElalld' and th¢ Charities A¢i 2011. The financial stratements
have been [￿rdred￿nderthe historical costcffjv¢ution with the¢x¢q)tion of Investrn￿tswh1¢harC
included at ￿￿ket Yalue, as Jnodified by the ￿valu￿10n of r£rt￿n ￿ets.
The trustees¢onsidttthattheTearerLomaterial U￿rettiF￿ti¢s 8boutth¢Chariry'5 abitityto cimtiDue as
a going Concern.
Income:
All income, including grants, is recognised the s￿te￿¢llt of FinancialActivities Oncethe cbarity
has entiilement to the fi]nds, it is probable that the Éucom¢ wi]1 ￿ rrf¢ived and the amouDt can
n)easured reliably. Government revenue based grdDts ar¢ TK¢)gllis¢das ]ll￿me overthe ttriods in
which the related ¢Xp¢ndltU￿ is incutTed.
Eipcnditllre:
Liabilities are reco￿]sed as expenditure as soon as there is a legal or constsuctiye obligation
committingth¢ ¢harity to that expelldituK it is probablethatatramsferofeconomicbenefits will be
required in settlement and the amoullt of the obligation Can be Jneasured reliably. Ekpenditure is
account¢d for on ￿ accnJa]s basis alld ha5 iKen classified under headings tbat aggregate all cost
related to the category. Where e05ts fdDllOt be directly attnl)uted ro particular beadings th¢y have
been allocated to actiyities on a basis ¢onsiStent ￿1th the ￿ of resoutw.
Taxation".
The charity is exempt fro￿ tsx on its charitable activities.
Fund accountiDg:
The Charity's unrestrirtedgenerdl fi￿d canbe iti wyom￿WIththethaTItrbIeObjectIvesatthc
diS￿tiOn of the trn5tees.
ReStriCted￿ndS can onlybe used forparticulatrestri¢tedpuTPOSeS withiD theobjectsofthech8rity.
Resttictions arise when specified by the donor or when fitnds aTe rdi5ed for particular restticted
p￿￿OSe$. F￿rther explanation of the Dilture alldpwpos¢ of each fund is included the notes to the
financial statsments.
Investments:
Jnvestments are ststed at their market valu¢ aTAd inve5tD]eDt income is shown gro&s.
Fixed Assets:
Freehold properties are stated at historical ¢osL Fixture4 fittings and equiprnent are depreciated at 15 /0-
300/0 on cost alld improvell)ents to property at2Y• on cost In orderto ThTite off each assetoverit5e5t1￿atEd
useful lrfe. Heritage assets are TecogDised at cost with the value of donated assets being treated as their
deeD]ed ¢05t.

SANDWtCH TOIL BRIDGE FUND
OTES TO THE FINANCIAL STATEMEr￿s AS AT 31 MARCH 2024 {COZfflNUED)
INVESTMEwf INCOM
2024
2011
Rent receivable and proFW insuraDce reimbut3ed
Bank interest
Dividend4 etc
Car park dues
8,794
4.294
36.971
33,478
10,359
2,464
35.750
11,140
83.537
59.713
2024
2023
VAT refund
Guildball hire fees
STC Contribution ￿ Guildball w5ts
Tours. lectures and guid¢s
Museum fees. donations and sollv¢nir sales
17,344
36,626
129,188
279
6.489
21,266
43,521
91,804
219
4,568
189,926
161,378
SUPPORT COSTS
2ff24
2023
Adtllin salary recharges
General adtllin and office ex
Jnsuran¢¢ of other prOt￿leS
Repairs aryd maintenance
VAT (iTh¢luding non recoverable)
50,317
,012
3,389
2.780
17,605
55,159
691
3.163
750
21,266
75.103
81,029
GOVERLNANCE COSTS
2024
2023
Independent examiner's fees
Depreciation
Bamk Cha￿¢$
Professional fees
1,360
2.280
1,530
3,386
65
800
4,506
4,981

SAf4DWtCH TOLL BRIDGE FUND
NOTES TO THE FINANCIAL STATEMLY15 AS AT 31 MARCH 2024 {CONllNUED)
TANGIBLE FIXED ASSETS
Freehold ImpTovements Fixtures,
to Leasehold Fitttllgs &
PropW EqUipM￿l
Total
Cost
As at l Awil 2023
Additions
Dispos&]s
10250
A08.014
27.033
145.297
As at 31 March 2024
10,250
108,014
27.033
145297
Dcpretiation
As at l April 2023
Charge forycar
Eliminated on disposal
33.078
2.160
26.711
120
59,789
2,280
As at 31 March 2024
35.238
26.831
62,069
Net book value clf
10250
71776
202
83,228
Net book value b/f
10,250
74,936
322
85,508
HERITAGE ASSETS
Cost
As at l April 2023
Additions
217.784
li(MX>
As at 31 Marcb 2024
229.784
The above assets Co￿prise various woJ*s of histwical i]nportance. It is not practicable to obtain the
origin21 cost of assets which have be¢u owned for some time aThl so their iDsuraDce valuation Iw been
treated as their deemed c05t. Subsequent assets purchased have been included at cosL
Thc charity also owlls 4':Magna Carta" and "Charter of the Foresf. These assets were don&t¢d to rhe
¢harity and are llot included in the financial siatements &, due to the hisloric dnd uDiqu¢ nature of the
assets concerne(i Conv￿tiOnal valuation approaches lack sufficieni reliabaity.
io

SANDWICH TOIL BRIDGE FUND
NOTES TO THE FTrIANCIAL sfATEMEfq13 AS AT JI MARCH 2024 (CONfINUED)
IT4VESTMENfs- MANAGED PORTFOLIO
2024
2023
At Valuatloll
Valuation &8 at l Aw1] 2023
Additions year ttt cost
Sale pm¢eeds
Realised and u￿Teali5ed gains l Oo&ges)
.736.125
398.978
(357,641)
198,970
2,003,159
238,760
(338,891)
(166,903)
Valuation as at 31 MaTth 21r24
1976.432
1,736,125
2(ll4
2023
At Ctyst
Cost as at l April 2023
Additions in yearat cost
Disp)sals in year at C05t
1250,961
398,978
1282,212)
1,247,352
238.760
(235,151)
Cost as at 31 March 2024
1.367.727
1250.961
io
None of thetrustees, nor any [￿S0￿ Cowle¢t￿t0thetrUstees, received any re￿￿￿eratiOn durAngtheye4r.
No expenses were paid to the biLStees. There were no related party ti31￿ctiOnS requring disclosure.
The charity bad no employees duritig the ¢urrent orprevio￿% pu￿1.
12
Brougbt
for4Yard
Incoming
OutgoiDg
Gaills
and losses
Yrnu$fer
C8rried
rorward
Gett¢ro1 funds
2JIO.684
273242
(353,316)
198.970
2,429,580
Designated funds..
Saudwich Guild1￿11
Museujn
Archive fimd
ioman Bowl
14,548
5,75
80
14,548
750
(5.0(X))
(85)
2,331,062
273247
(358.401)
198,970
2.444.878
The Sandwich Guiidball Museum fundrq)resentsfun(b earnwked forfith prnjects of themuseum and
acqllisitii)ns reknting to Sandwich.
The Archive fund repregents fi￿dS eannaTked for the rehousing and fitting out of the archives.
The Ronw Bowl fimd represents a donation earniatked for the of a Romall Bowl whicb was
purchased durAng the y£ar.
li

SAiYDWJCH TOLL BRtDGE FUND
F40TES TO THE FDIANCIAL STATEMEIfft AS AT 31 MARCH2024 (CONTINUED)
13
Brought
forTvard
Incording Outg•i*g
resources re￿Ure£S
Transfer
ChTri¢d
forward
SEMP I￿provement fiu
SEMD fi￿d
Kitchener ¢xbibitioD
Romen Bowl
1.415
1,415
2,000
321
516
12.(M)O
(1,2(K))
(516)
12,000
1,415
15.716
(1,716)
15,415
The SEMP Improvement fundrepresents fundiDgreceivedtyfaciliixte¢hongiDgth¢oldTouristlnfomiationCentre
at the Guildhall snio a tempotary Musewn exFubAtion space.
The SEMD fi￿d represents ttvo grants received from South Ew Museutn D¢v¢lopm¢nt for an organi*tional
healthche¢k and collections care.
The Rornall Bowl fimd represents twogrants rec¢ived for the pu￿h&s¢ of i Ro]nan bowl which is included within
heritsge assets at C05t.
14
ANALYSIS OF NET ASSETS BETWEEN FUIWS
Unrestrieted Restricted
FuDd
fuDds
Totsl
funds
2024
Total
funds
2023
Fixed assets
Cuttent assets
Currellt liabilities
2,277,444
180.255
(12.821)
12,tXJO
3.415
2289,444
183,670
{12,821)
2,039,417
299,134
{6.074)
2,444,878
15,415
2,460,293
2,332,477
12

SANDWICH TOIL BRtDGE Fuf4D
I%OTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH2024 {cof4TtNUED)
15
COMPARATIVKS FOR THE STATEMENT OF FINANCIAL AcfIvTfiES
Year e￿ded 31 Marcb 2023
UDr¢strict¢d ReslTiCt*d
Totsl
JY4COMING RESOURCES:
Jnvestment income
Charitable activiti&8
t)onations and grants received
59.713
161 J78
3.770
59.713
161.378
8.770
TOTAL
229.861
229.861
R£SOURCES EXPENDED:
Charitable aetivities
DonatAon& and grants
RuJJning of The Guildhau
Runntng of Sattdwich Mllseiiin
Support GD5ts
25,020
219.710
34.883
81,029
25.020
219.710
34.883
81.029
360.642
360,642
Other expenditure
Governanc¢ costs
Investsn¢Dt managers, fees
4,981
10,719
4.981
10,719
TOTAL
376.342
376,342
Net outgoing r￿ourCeS before
transfers and valuatiODS
(146.481)
(140.481)
Transfers between fi]nds
857
(857)
Rea￿sed alld llnrealised losses
Realised & u[￿aliSed l(trxges ou iDvEslments
(166￿13)
(166,903)
r+￿T EXPEf4DITURE
(312527)
(857)
(313,384)
TOTAL FUNDS BROUGvf FORWARD
2.643,589
1272
2,645,861
TOTAL FUNDS CARRtED FORWARD
2,331.062
1,415
2,332,477
13