Charity regi5tiBtion no". 266738 SAYDWICB TOLL BRtLKE FUND FTNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
SANDWICH TOLL BRtDGE FUND FINNCIAL sfATEMENTS FOR THE YEAR E.YDED31 MARCH 2025 JNDEX Pag¢ 1-4 Reportof the Indepenilent Examit sement of Fi]Mrtcial Activities Balance She 8-13 Notes to the Financial Statements
SANDWICH TOLL BRIDGE FUND TRusfEE'S REPORT FOR THE YEAR ENDED 31 MARCH 21)25 Th¢ trusi¢es pr¢6¢nt their report with the financial staternenL8 ofthe charity for the >earellded 31 March 2025. The tNStee5 bave adopted theprovisionsof ACCOlIngandPrtIngbY Chatiues: StatynentofRe£ommended Praclice applicable to charities prep2ringtheira¢eounts in a[danCe1th theFirtancia] Reporting Stsndardapplicable inthe UK aud Republic of Irelatkd IFRS 102) (effective l January 2019). NAMK OF CHARrrY: SaDdwich Toll Bridge Fund REGISTIL4TIOTri NUMBER: 266738 GOVERIYING LyStRLIMEP. The Cbarity was rered on 29 January 1974 and is governed by the Sandwich Bridge Art 1754. OBJECTS: To apply the sutplus from the tolls or dLrties from the SandwichToll Bridge inany public work5 forthe advantsge ofthe town of Sandwith. CURRENT TRUSTEES: The legal Trustee of sdWICh Tou Bridge Fund i5 Saudwich Town Council. The Council comprises thE folloMin8 eleLtsI Councillors who have equal voting rights on matters relating tothecharity. The current members are 85 follow5-. Mr E Csuka- ChairmaJ] Mr C Wiles- Vice Chairman Mr l Bla¢k Mt P I Carter Mr J E Frank]in Mr5 D Carter Mr D fvtaric MrNCGray Mr M Mwtholls¢ Prof#sor C Ungerso Mr M Penthlljgton Mr P Breen Mr W Fort¢scu¢ Mr S Maildt L Ripley M5 V TDmlin5 Nootherper50ll is Curre[Y 5erving&saoharity trustee. and no other person or body is ¢ntid¢dw appoint a t¢£¢. CL£RK: Mrs Sophie G&skai Clerk to the TrStee Sandwich Toll Bridge Fund Town Clerk's Offi¢e Guildhall Cattte Markei SANDWtCH Keni cr13 9AH INDEPENDENT EXAMIPIEIL. J D Sheathtr FCA Mccabe Ford Williams Charlion Hous¢ Dour Stret¢ INJVER KeDt cr16 IBL
SLYDMqCH TOLL BRI[E FUND TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 21125 (coffflNUED) BROKERS & NOMINKE COMPANY.. Quilter Cheviot Limited Senator House 85 QueeD N'ietoria Street EC4V 4AB BANKERS: Nationa] 1Vestlster Ballk PIC 13 Cecil Square MARGATE Kent CIY) IXY Scottish Widows BaDk 25 Gresharn Street EC2V 7HN io SOLICITORS: Mowll & Mowll Trafaigar House. G(wth)n Road Whitfiell vER Keni CT16 3PN ARCHEC7S & BUILDIIIG mAIr[BATricE Duncan Graham Partnership 8 Cecil Squa MARGATE KentCT9 IBD l2 SLRVEYOR: Ar Julian Mr Jirn Pare, MrTrfiGk RoDkt Finns charter Surv¢yors 2.I(arket Street SANDWICH Kent cr13 9DA 13 In xcordance with the terrn5 of the goveming inslrument of the Charity, and th¢ current ststutory regulations, 15 gratited w theTrusteeoftheCharttykn maximise the inLY)m¢ fr(>m investmentand to use it for the advantage of the tOWD of sat1d1Ch. This is intenwe*d by the Trnstee as restricting any purchase or maintenanc¢ of as%ts. and ally donation or grdnL to iDdivIdu5 and organi5at10Th5 operating witbiD the lown of Sandwich whose objectives are to provide and improve facilities and services forthe benefjt of the people of tbe town of Sad7¢h. The Trttte have c0Th1 out a review of public benefit provided by the Charity whicb has been IEi5CUssed alld approved and 15 ivailable for publi¢ scrutiny. 14 The Ch9sity's Igt tiem 0fexpendituiS contributingtothe runTringofthehistorie Guildhall (including the Museum and Archives). The Guildhall is widelv used by the population of Sandwich 2nd other5. '1'he Thistee prepares annual budgcfs Showing anucipatrd illcA)me and expenditure ov¢r th¢ p¢riod and ar¢ mindful of the necessity to ensuTe prudcnt usc of thc Charity's iThcome. The illve5trent adviser at Quilter Cheviot Limited a¢hiev¢d a level of r¢iurn in the year of 4.4% (against the industry's cornpatatots averaging 50A). This 1$ a sharp fall on the previous year, due to QI being very challen8jll8 WÈth a large tech sell-off. and the lead up to "Liberation Day" in Q2. However, there was asharpre¢overy in the remaitLingpeTiO(L%wbere thefijnds exceeded thatofthecomparators. The terr115 of business with Cheviot Assei Management are Tegularly revi¢wed. The Trustee continues to
sNDwICH TOLL BRItKE FUND TRusfEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 (CONrtNUED) ¢xer¢is¢ prndence and a medium-risk investme rrtFolio Is SÉKpulatr The investment income is r¢viewed tnonthly when a VAluatLOll ajhd review of the Charity's illVtstJnets is received frotn our Jvisors; and also ai oth¢rtimes durtngthEyearMhen sa]esOrpurcl5t$Of investments have o¢aJrred. In ]dition to Tegularreviews, theTn]stEe meets quarterly )d ateachmeeting income and ¢xpenditur¢ tranwtIot alld updattd ld are WDsidexed 8nd approved by the Tnte¢. The MuseuuE and Archive Commil¢e¢ meetquarterlylDTeview Museum rei8tedmattcr5, andThe Sandwich Toll Bridge Fund FinanGe Committee now meets once a Mont to review any financial matters. The commitiees have no powers kn spend monev and are wholly ViSOry all de¢isions are made by the Trustee as a dy. However. the TowTrClerkandPropertv Man88¢raiso haverestricted financial authority delegated to them to authorise p&ym¢nts withiuthe ated budget lor where public health and safeti. is a ¢on¢ern). L5 No buildll)g works were Cried out during the year other than routine repairs 8nd MaintenCe. 16 The Trustee confirms th¢ fnCial mteTn¢nts have been prepared in acwrdall¢X with the Ciwities Act 2011. the gDverning insbvment and the proTrisions tsf AcGQUnting and Reporting by Charities.. Stement of Recommend¢d PraGtitt applicabletoeharitie5 preparingthehraccounts inacwrdan¢¢witb the FinanGial Reporting Standard applicable Kn theL aDdR¢pllblioof Ireialld (FRS102) (effective l Jonuary 2019). 17 R¢lated party tiansa¢tions are d¢tsiled in the te5 to the accounts. Ig The following is our review of the Charity's tiviiies in the ye8r to 31 Mareh 2025.. The eontribution receivable from parking charges in 2024nJ was £30.292 whieh is A Iirh reduction on 2023ll4. This i5 du¢tr> a 5]lfICallt iDcre&se in the oper*or's wlle¢tson costs. The TSte¢S alld Officers are reYiewin8 the eurrent aTrdDgemenL8. The loats to the Tennis Club continu&% to rtdu¢e and will be [Id off ill 2025126. 19 The followinggrants. Considered ¢0 beto the Vantage ofthe knwn of Sandwich. a5 setOErt Èn the objeds of the Tht, were awarded to loca] organisations and Individu5. Sandwich sUt¢s the Forties Sandwi¢h in Bl(x)m Deal Musi¢ and Arts F&stival SaE]dwi¢lt Folk & Ale F¢siivaJ Association 'hite fvlill Sandwich Ik>ver & tlistri¢t Beekeerr5 Associ10 £1.6(Kl £1,750 £1,6(K £1.6¢ £1.6(N) £100 20 Th¢ future plans for the Charity art as follow5.' Half of Sat)dwich Toll. Bridge Fund's Mus¢um and Archive Collection has been trensferr¢d to the Dew Collection Store in the Guildhall. There have been 8.(KIO iiems Jvorded 50 far in the ColltIon inventory Ls well &s l.(HN) from the reference library. There ate also plans tt> improve acccss to the _museum Collection through digital platforms su¢h as the Sandwich Guildhall Museun) website.
SKyDCH TOLL BIUDGE FUND TRusfEE?S REPORT FOR TUE VEAR ENDED 31 IWCH 2025 {coYrtNUED) 21 Th¢ Truste¢wntinuesto be appreGiativ¢ofth6considerable o)ntribution made bythevolunteers whorurt the Museum and Archives. 22 While there arEno dedi¢atedfundraisingevent4the Mu5¢umgaiTh$donation& enty¢xJntinuestobefiYe of ¢harge. 23 The Clwity'spoli¢y onreserv¢s hu beentoensuresufficient liquid assets are ayailabjetomeetntinUIllg costswhil¢attttnpting to increase total r¢seryes to ensurethecharity is notovertaken by inflation. As this Teport indicaEes tbere will. fiY)m rirne tim< be substrntial costs associated with the maintenance of an ancient building; therefore, wjequate Sjnds must be reserved to meet this n¢ed wh¢n it o¢curs, This deterniinesthe inY¢stment rolicy oftbecharity andtodat¢ theTrust¢e ts satisfied with therf0rnwIce0f tILeir adviso, bui 11 c4)ntine to reviewthis matter inthe fubjreto deterniinewhether a change needsio be made. Current]y the Trusteebelieves it imperative w ellsure an adequate income stream with long terni ¢apital growtty atHI our 1VisorS are instructed accordinglv. The ChaTity'$ ina)me re5erYes held at 31 March 2025 amount to £2.1?0.605 {2024- £2.143.8661. 24 Weconfirni ihatthellumberandvatu¢ofth¢grwts made iDtheye4rare disclo%d tthe8CUts,andaJso detsiled in itEtn 19 aix)ve, and no undi%los¢d gTants were made in the peri(KJ. The Charity has no fun(ts in deficit. 25 A review of risk &s5¢5sments is edrried out ual basisand t)0 riskswetr identifIed illthis fi[Cial year. The prov75lOt15 made in the ts to deal with t¢tial disaster5 are deemed sufficient. E Csuka C Wiles Date .' 21 January 2026
INDEPENDETrrf EXAMtNER'S REPORT TO THE TRusfEE ON THE UNAUDITED FINANCIAL sfATEMENTS OF SAYDWICR TOLL BRI FUI¥D I reportonthe fitwjcial statements ofth¢ chttY fortheyearended 31 March 2025 setout on pages six to thirteen. Responsibllities 8Dd b8si$ of report As the charity ttusteg you arere8ponsible forth¢pr¢parationofthe accounts in accordatteewith the requtrementsof the Ch&rities Act 2011 {"thc Act"). I r¢port in respectof my examinionof the chty'S accountstWTiedoutundersectioth 145 of the 2011 Actand i Canying out my examillation I have followed [the appIi¢NbleDiCtiOnS giv¢D by the Charity Commission under section 14515)Ibl ofthe Act. IndepeTrdeDt exllmines stktement Since your charity's gross illEO]ne exceeda £250.000 your examiner nkust be a tnember of a listed btsdy. I ca confirni that l aln qualified to undertake th¢ ¢xamination because l a mernber of the tnstitute of Chartered Accountattts in England & Il'ates, wbi¢h is one of the listed IK)die5. I have mmpleied my examinatiOTL. I confirm thatnornat¢riai matters have cotlle to my attention COt)ntiOn with the exarniDation giying me cause to believe that iD any m8t¢ri81 respect: . account8 records were twt kept in resp¢¢tof the charity required by S) 130 of the ACL. or 2. the accounts do not accord with those rwK>DJs: or 3. the accounts do noi comply with the applicable rtyuirements CQnCErning the forni and ¢ont¢nt of the couiits set out in tbe Charities (Accounts and Reponsl Regulations 2(K>8 otherthan any requiywneftt that the ac¢oullts give a 'ue attd fair Vie whi¢h is not a mattw coDsidered part of independent eKarnination. I have no concerns and h8v¢ come acrD55 Dth¢rrnatter5 ill CODne¢tion with the examillation to whieh attention should be drawn in this reEK>rt tn order to thable a propEr und¢rstsnding of th¢ acwullts to be reach. J D SHEATHER FCA NICCABE FORD WILLIAMS CHARTERED AccouwfANTS cFLToN HOUSE DOLIi STREET DOVER KENTCf16 IBL Ddtc.. 22 January 2026
SANDWICH TOLL BRIDGE FUP4D STATEIKELYT OF FINAf4CIAL AcrivrriES FOR THE YBAR ENDED 31 MARCH 2025 2025 2025 Uurestrid¢d Restrirte41 2025 Totsl 2024 Total Note INCOME ANiJ Ef4DOWMENfs FROM: Investment income Ch8ritable aciivities rA)rtations and grants r¢11 87,911 191,541 87,911 191,541 83.537 189.926 15,500 TCKfAL 279,452 279,452 288,963 EXPENDITLRE ON: Charitable Activitie5 Donations and grdllts Running of The GlIdha1[ Running of the Sandwich Museum Supw)rt St5 8250 223,910 1.691 106J85 8,250 223,910 1,691 106J85 21.803 234,637 13,601 75.103 340,236 340,236 345.144 Other expendithre Governance costs tllvestment rnanagtr5' f¢tS 8.660 10,546 i.o(MJ 9,660 10.546 4,506 10,467 TOTAL 359,442 360,442 360,117 Net outgoing resources before transfer5 aThd valuxtlon {79.990) (1.000) (80,990) {71,154) Trgnsfers between flldS Rexlised and UDrealised Oosses) IgAiDs Reali5ed & unreatised ilo&sesl I gains on investments 9 54.449 54,449 198,970 NET IP4COilfE IIEXPEf4DITURE) (25.5411 (1.000) (26,5411 127,816 TOTAL WUNDS BROUGHT FORWARD 1444,878 15.415 2.460.293 2 J31477 TOTAL FUL¥DS CARIUED FORWARD 2,419J37 14,415 2,433,752 2,460,293
SNDwIcH TOLL BRttKE FUIID N(YfES TO THE FINANCIAL sfATEMENTS AS AT 31 MARCH 2025 (coNfJNUED) TANGIBLE FIXED ASSETS Freehold trnprov¢ments Fixture5. Property to Leo]d Fitting5 It Property Equipment Total Co¥t As at l April 20J? Additions Di5P05ats 10250 108,014 27.033 145,297 As at 31 March 2025 10.250 108,014 27,033 145297 Depr¢ei*tlon As at l April 2024 Charge for year Eliminated on dis 35.238 2,160 26,831 120 62,069 2280 As at 31 Mar¢h 2025 26,951 64,349 Net book valuE clf 10.250 70,616 82 80.948 Net va]ue Wf 10,250 72,776 202 83,228 HERITAGE ASSETS Cost As at l April 2024 Additiolls 229.784 As at 31 March 2025 229,784 The alM)ve assets compris¢ Vario$ works of hi5knri imFOrtance. It is not prncti¢able to obtTr th¢ origina] cost of &8sEts whiGh hake be¢n owned for sometime and so their in5urallcevatuation Iw be¢n treated as th¢ir de¢med ¢ost. Subsequeut assets have becD includ¢iS atCOSL The charity also owns a Magna Cana" alld'charterof the Fore5ff. These assets were donated to the rh&rity andare notincluded in the fjnanciai statements a5. duetoth¢ historicand unique llare ofthe w¢ts concerned. ¢onventional valuation apprOh¢S jack sufficientreliability. io
SAM)IVICH TOLL BRItKE FUND NOTES TO THE FINANCIAL sfATEMEfiTS AS AT 31 MARCH 2025 (CONTINUED) tNVESTMENfs- MAP*AGED PORTFOLAO 2025 2024 At Valllation Valuation u at l April 2024 Additions in year ar cost SaJ¢ procreds Realiscd and unreaiised gains 1,976,432 2 JJ5,066 {2 J54207) 54,449 1.736.125 398,978 1357,641) 198.970 Valuation as at 31 Mar¢h 2025 2,011,740 1,976,432 2025 2024 At Cost Cost as at l April 2024 Additions in year at cost Disposals in y¢ar at cost l J67,727 ,250,961 398.978 1282.212) (1.680.703) Cost as ot 31 March 2025 2.0?2.OIA> 1.367,727 10 Neither the trustee, nor any person eonnect&4 to the tntstee, received any remwieTalioo during the year. No expenses were paid to the tnjstee. There there Do related party trattsactions requiring di5c105ure. The charity bad no employees durtog the eurrentor previous period. 12 UNREsfRIcfED WUNDS Brnughl forward Incoming Outgoing Gai rewllrcu T¢40rreS and 1fy55¢5 Tr4nsfer Carried forw#rd Generat fimds 2,429,580 279,452 (359,4421 54,449 2,404.039 Designated fuT]ds: Sandwich Guildhall Museu Archive fund, 14.548 750 14,548 750 2,444,878 (359,442) 54,449 2.419,337 The Sandwi¢h Gutldhall Museum fund represents thds earn)aAed for future pjeCts of the museum and a¢qui$ilions relating Sandiyich. The Arthive fund represents funds E4rrnarked for the reknusillg and fitting Olrt of the archiv.
SAIWWICH TOIL BRIDGE FUND BALANCE SHEEf AS AT 31 MARCH 2025 2025 2024 Note FtXTD ASSETS Tangible &ssEts Heritage assets Inv¢btments 80.948 229,784 2,011.740 83,228 229,784 1.976.432 2J22.472 2289,444 CLTRRENf ASSETS Stock of guid¢s Loan to Salldwich Tennis Club Debtors - sundry Cash at bank and tn hand 2.588 1.0 50.570 70,555 2.588 2.000 63,615 115.467 124,713 l83.670 CURRENT LIABILrriES Creditors 13,433 12.821 NET CURRENT ASSETS 111,280 170.849 2,433,752 2,460,293 ACCUI¥IULATED FUND Unrestrict£d Funds Restricted Funds 12 13 2.419,337 14.4l5 1444,878 15.415 14 2.433.752 2,460,293 E Csuka C Wile Date 21 January 2026
SANDWICH TOLL BIUDGE FLND P40TES TO THE FINANCLIL STATEMEPaS AS AT 31 MARCH 2025 STATUTORY INFOILMATION ThE SandMi¢h Toll Bridge Fund is an unincorwTrrnted ch8tity registeroj in England. The charity's regislered nutnber, principat address and nature ofoperattons can be found in the Trustec'5 RqM)rt. ACCOUNTING POLtCIES Basis of preparing the fUne181 stateents #nd asseent of golng concerll: The fmancial ststem¢nts of th¢ charÈry. which is a public benefit entity under FRS 102, have been prepared tn aE(ordance with the Charities SORP IFRS 102)'Accounting 9d Rewrting by Chexities.. Statcment of Recomthended Pra¢ri¢e applicable charities preparing theiraccouttts in aceordancewith the Financial Rew)rting Stalldard appliczble in the UK and R¢publi¢ of Ireland IFRS 1021 l¢ffeotive I January 2019),. Fittan¢ial ReportiD8 Standard 102 ThEFinancial RqJortingSt&ndard applicable in the L and REpubliG oflr¢land' and the Charities Act2011. Thefinancial 5tatemellts have been prepared under the historical cost eonventioll with the exception of iDvestments which are included at tnarket value. as modified by the revaluation of ccrtain assets. The trustee consid$ tbatthere are no material UDCCrtaiuti&8 thJLrt the Ctwtty's abiliry to continu¢ as a 80ing conctm. Income: All llJ¢ome, includtng grdnts, is recogni5ed ill thr Statenient ofFinan¢ial Activitieson¢e the charity ha5 entitleÈnentto th¢ funds, it is probable that the itLWTDe will bE r¢c¢ival and the amowit¢an be measured reliably. Government revenuebasedgrdnts are reco8Dised lllcome overtheperiods in WhIchtere1ated expenditure is iAcurre4. Expenditure: Lsabilitiesare recOlsed as expenditureas si)ona5there É5a legal orcDnstru¢tiveobligation committing the charity to th expenditur¢, it is probable thaÉ a traDsfer of eCOllDtnir bEnefits will be r¢quired in settlementand the amountoftheobligation can be rne&5uredreliably. Expellditure isaccounted foron an accruals basis and has been Classified under headings regaTr all cost related to the Gategory. Where be directlyattrfbuted to parricularhe8din&sthey hav¢ been allOtedt0 ¥tivities ona basis consistrnt with th¢ us¢ of resourcts. TAution: Th¢ charity is exellLPt lax on its Charitable xtivities. Fulld ecowiting: The Charity's unrestricted g¢n¢rdl nd be used ID &cordance with the charitable Objectiv at the di5cretiotL of thr trustees. Restrict¢d fund5 can only be usd fDr parti¢ular restricted Purposes within th¢ obje¢ts of the ¢barity. Restrictions aris¢when specifid by ¢h¢dotK)ror wheD fjJDds are raised forp&rti¢ularttStri¢ted pu¢wses. Further explatlatioll of the nature and purtK)se of eth fund is iucluded in the note5 to the fillancial statements. Investnjertts: tnvestments axe stated at their market value and iDve5tment InCOlnE is shown gross. Fiied A55ets: Freehold properties are stated at historical c05t. F[Xtt]s. fittings alld equipment are d¢pla1edat1S%- 31P/. on c05t and improvEments to property at 2%on eost ITh orderto write off ethch asset over its estullated useflll lif¢. Heritsge are r0]Sed at cost wtththe vaiueof donated a55ets being treated a5 their dectlled cost.
SANDWICH TOLL BRifKE FUND NOTFS TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2025 (CONTINUED) iTrivEsrMKNf INCOME 2025 2024 Rent re1vable alld property insu¥ancc reimbursed Bank intrrcst Dividends, elc Car park dues 0.639 6.I07 43,184 27,981 8,794 4,294 36,971 33,478 87.911 83,537 CHARITABLE AcrivrrIES 2025 2024 VAT refjJt]d Guildhall hire fecs STC wntribution to Guildha]I costs Tours lectures and guides Museum fe¢s. donations and souvenir sales 13,577 37.013 132.749 210 7.992 17,344 36,626 129,188 279 6,489 191,541 189,926 suppoKr cosrs 2025 2024 AdmiTh sthry rccharges Oeneral admin offi¢¢ expens¢s suranGe of other propErti¢s Repairs and maintenan¢e VAT (includtng non recov¢rabl¢) 84.426 4204 4,149 29 13.577 50,317 1.012 3,389 2.780 17,605 106,385 75,103 GOVERNANCE COSTS 2025 2024 Independent exarniuer'5 fees Depreciation Bank charges Profession fees 1.640 2,280 305 5,435 1.360 2.280 66 800 9.66D 4,506
SANDWICH TOLL BRIDGE FUND NOTES TO THE FllANCIAL STATEMENTS AS AT 31 MARCH 2025 {CONnNtD) 13 RESTRicfED FUNDS Brought forYard Incoming Outgoing Trnnsfer resou rn50urcts C8rrted forward SEMP I]npnJvement fund SEMD fitnd ROll)a Bowl 1.415 2,000 i?.000 1,415 1,000 12,IMYJ {1,0) 15,415 (1,01) 14,415 The SEMP ImprovemeJt fvnd r¢presents funding receive tt) facilitate chttngiDg the old Tourist Information Centre at the Guildhall into a temporary Museum exhibition space. The SEMD fuTLd represents two grants r¢ceiwl from South East Museum Development for an orgHnisatiollai health¢heck and Collelon3 care. The Roman Bowl fimd wiresenls Iwo grts received for the Puh of a Roman Ix)wl which 15 illcluded within heritagE assets at G05t. 14 ANALYSIS OF Nrr ASSETS BETWEEN FUNDS Unres¢ric¢¢d Fund Rtstricted fwi Totsl fllDIL8 2(J25 Total nds 2024 Fixed assets Current assets Current lÈabilTtie5 2J10,472 122,298 113,4J3) 12,0 2,322.472 124,713 {13,4331 2,289,414 183.670 {12,821} 2,419,337 14,415 2.433,752 2,460293 15 RELATED PARTY TILINSAclloNS During the year£132.749 w&sreceiYable fronj Sandwi¢b TownCounci1.th¢¢harity'sintee.ThisrepreSentsa£l25,o(M) general wntributiOD iowariLs the rL]nningcosts of The Guildhall aNd£7.749 reitllburselljentof utility CQ5ts to ¢OVErthe c¢st of the Council offi¢es Th¢ Guildhall. DllrÈn8 tkneyear£233,590 w&s payable by the charityto Sandwi¢h Towtb Council. This represents th¢r¢imburs¢m¢n¢ of and other costs illCUTrtd by the llClI for the rulloing of Thr Guildhatl and MUSEUM. 12
SANDMCH TOLL BRIDGE FUND NOTES TO THE FINANCIAL sfATEME.YTS AS AT 31 MARCH 2025 {coffflNUED) 16 COllfPARATIVES VOR TUE sfATEMENf OF FINANCAAL AcfITrTfiES Yelr wded 31 M8rch 2024 Unr&rieted Restrleted Tot41 INCOMINC. RESOURCES: IBvestfftent income Charitable activities Donations and srants rcl¥¢d 83.537 189,710 83,537 189,926 15.500 116 15,500 TOTAL 273.247 15,716 288.963 RESOLTRCES EXPENDED: Charltabk activitie5 Donations and grdllt5 Running of The GuildlMJI RUEing of Sandwich Museum Supw)rt Costs 21,803 234.710 12.101 74.887 21.803 234.637 13,601 75,103 1.5(K> ?15 343.4?8 1.716 345,144 OtILer expendltur¢ Goyernance costs tnvestm¢iit managers, fees 4.506 10,467 4506 10,467 T(yfAL 358.401 1,716 360.117 Net outgoing resources bef(br¢ tYgn$feTS vAluation5 (85,154) 14,0(M) (71.154) Tronsfers betsWe fimds Realised and unreglised I0e5 Reaiised & unrealised gains on Invlments 198,970 198,970 NET tNCOME 113.816 14.000 127,816 TOTAL FUNDS BROUGHT FORWARD 2J31.062 1,4l5 2.332,477 T(YTAL FUNDS CARRIED FORWARD 2.444,878 15.415 2,460293 13