Charity Registration No. 276274 THE ROGER DE HAAN CHARITABLE TRUST Annual Report and Financlal Statements th 5 April 2022
THE ROGER DE HAAN CHARITABLE TRUST th Year ended 5 April 2022 CONTENTS Page Legal and administrative inforniation Trustees, annual report 4-12 Independent Auditors, report 13- 16 Statement of financial activities 17 Balance sheet 18 ststement of cash flows 19 Notes to the accounts 20-30
THE ROGER DE HAAN CHARrrABLE TRUST Year ended 5th April 2022 LEGAL AND ADMINISTRATIVE tNFOILMATION Trustees Sir Roger De Haan (chairnian) Benjamin De Haan Joshua De Haan Lady De Haan Address Strand House Pilgrims Way Monks Horton A5hford Kent TN25 6DR Sollcitor Withcrs LLP 20 Old Bailey London EC4M 7AN Banker National Westminster Bank pl¢ Eur()pa House 49 Sandgatc Road FolkL'stone CT20 1 RU Investment Manager UBS 5 Broadgate London EC2M 2AN Audltor Saffery Champness LLP 71 Queen Victoria Street London EC4V 4BE
THE ROGER DE HAAN CHAIUTABLE TRUST Year ended 5tb April 2022 Trustees, Annual Report The trustees present their audited financial statements for the year ended 5 April 2022. The financial statements have been prepar&J in accordance with tbe Charities Act 2011, and Statement of Recommend1 Practice"Accounting and Reporting by Charities" applicable to charities prq)aring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of IrelaThd (FRS 102). Structure, Governance and Management Con$titutloD and Principal Activities The Roger De Haan Charitable Trust (the 'Yrust"). a registered charily. was established under trust deed on 21 April 1978 {charity number 276274). Its principal activity is the making of charitable grants. The trnst deed is the primary gov¢rning document of the charity. On I l August 2017, the Charity Commission approv the Trust's application to "incorporale the trustces" This enables the Trust to hold the title to property and to ontrt in th¢ name of the Trust rather than in the names of trust¢¢s. Trustees The trustees who served during the period were as follows: Sir Roger Dc Haan (chainnan) Benjamin De Haan Joshua Dc Haan Lady De Haan Trustees are appointed by the chair of the truslees. The tnLStees are subject to training by various methods including involvemcnl with other Charities and uNlat¢s from thc chartered accountant who is a member of the team which administers the Tn1 on a day to day b&sis. Key Management The key management decisions of the Trust are made by the board of tntee$. In the execution of these decisions, the tnteeS are &ssisted by staff cmployed by Sir Roger De Haan. No charge is made by Sir Rog¢r for the provision of his staff. All trustees give of their time freely and no trLLStee reiVed remuneration or expenses during the year. Details of trustees, related paty transactions ar¢ disclosed in note 14 to the accounts.
THE ROGER DE HAAN CHARrrABLE TRUST Year ended 5th April 2022 Objects of th¢ Trnst The obje¢ts of the Trust are widely drdwn and permit the trust funds to be applied, at the discretion of the trustees, for exclusively charitable purposes. In approving charitable grants, the trustees consider each application on a case-by-case basis tsking account of various factors such as the aims and objectives of the applicant and its financial position. Public Benefit The trustees confirni that they have had regard to the Charity Commission's guidance on public benefit in setting and monitoring the objectives of the Trust. Grant Maklng Policy The Tt'S grant-making activity focuses principally on supporting institutions and initiatives with the charitable objectives sel out below, taking account of the need to be ablc to demonstrate public benefit. The policy is used as a guidc by the trustecs and is not inlendcd to set a rigid fram¢work. The advancement of ucatiOn The advancement of arts, culture and heritage The support of community dcvclopment and the regenerdtion of areas of historic importance, principally in Folkcstonc and the surrounding area but also extending across ihe County of KcnL particularly the south and east of the County The advancement of amateur sport. principally in Folk¢slonc and thc surrounding area but also extcnding across the County of Kenl particularly the south and east of the County Th¢ advanc¢ment of the health and welfare of older people The prevention and relief of povety including support for disadvantag ommunities The advancement of environmental protection or improvement The relief of those in need by reason of ill-health, disability, financial hardship or other disadvantage
THE ROGER DE HAAN CHARrrABLE TRUST Year ended 5th April 2022 Operating 2nd Ffinaneial Review The financial result of the TTUSt foi the year can be summarised as follows: Year ended 5 April 2022 2021 £'ooo 113 718 97 165 21 21 23l 904 (5.396) {6.576) (346) (417) (5,511) (6,089) Donations from Sir Roger De Haan Investment income Other Grants and donations Other expenditure Net expenditure Investrnenl gainsl(losses) Deficit for the year 340 5.171 1,788 4,301 Charitable Grants Grants expensed during the year amounted 10 £5.4 million Compared to £6.6 million in the prior year. The current year includes a £4.0 million donation to Crealive Folkestone relating to a property lease granted to it in th¢ Folkestone Creative Quarter (see further details below). Also included is £0.3 million to the 2021 Folkestone Tri¢nnial art exhibition and £0.2 million granted towards the purchase and curation of Prospect Cottag¢ and its garden in Dungeness, Kent, which w&s once the home of Derek Jarnian. The Trust continued to support a large number of charitable causes during 2021122. Its high levels of expenditure have been under-pinned by the continuing financial support of Sir Roger De Haan who giftcd £0. I million to the Tt in the current financial year (2021.. £0.7 million). Approximately 70 grants wcre made during the year supporting a very broad range of charitable activities. Full dctails are included in note 16 to this annual report. Total graTht5 made by charitable sector were as follows: Arts (including Folkestone Creative Quarter) £4,564,000 Sport £538,000 Community Development £117,IXX) Health and Welfare £85,000 International £52,000 Education £36.000 Other Sectors £4,0(Kl The vast majority of these amounts were grdnted to clwitable cawses in Folkestone and tbe surn)unding area.
THE ROGER DE HAAN CHARITABLE TRUST tIL Year ended 5 April 2022 The Trust provided significant SUPkY)rt to the following during the year: (i) Creative Folkestone The Trust continued to give substantial support to Creative FoIkestone, a registernl harity based in Folkestone. Creative Folkestone is an arts chatity dedicated to producing and enabling creative activity in order to improve the town of Folkestone and the surrounding area of Kent. Working with the people of Folkestone. their partners and oth¢r stak¢holders, it aims to make the town a better place to visit and in which to live, worL and study. The Trusl acquires and refurbishes properties in the old town of Folkestone and th¢n grants long leascs to Creative Folkestone at a peppercorn rent at which point the property is expensed as a donation in the Trust's accounts. Creative Folkeston¢ lets the refijrbished buildings at affordable rents to artists, education providers and a wide range of creative and other organisations. Since the launch of this initiativ¢ which began in 2003, the TnLSt has spent £48.4 million in acquiring and refurbishing those properties and &s of 5 April 2022, the project was almost complete. The project h&8 succeeded in restoring what was a very badly run-dowm area of the old town of Folk¢ston¢ into a vibrant and successful part of the to1. The initiative h&s also helped Creative Folkestone to become self-sustaining in financial ienns with its rental income from the properties more than covering its core costs. This legacy will cndurc for many years to come and providcs thc funding to enable Creative Folkestone to both maintain the propertics and help it to deliver its oth¢r charilable objectives. (11) Sport Support of amateur sport ntinUeS lo be a key focus of the Trust. Over the course of the past 10 years, th¢ Trust has made grants of £22.25 million to further the dcvelopment of sport in Folkestone and the surrounding area. The Trust helps those participating in a widc rangc of sports including running, football, rugby, athletics, cricket, hockey, basketball and water-sports. Also, 2022 h&s seen the opening of F51, an extreme sports building in Folkestone, &s mentioned below. The trustees place particular emphasis on supporting initiatives in Folkestone and the Suound1ng area. As well as advancing amateur sporL this also assists the wider regeneration of the town. Th¢ Trust continues to be the principal fimder of The Sports Trust ("TSV'). fornially Shepway Sports Trust ("SST'), a charity established at the instigation of the Trust to encourage the development of sport in the Folkestone district. It has a particular focus on encouraging local schools to develop a broad and regular programme of sport and it promotes higb quality Competitio sporting and coaching opportunities. Its key aim is to connect schoo15, Sports clubs and the local community with the objective of inspiring all generations to lead healthy and active lifestyles. During th¢ year the trust wmmitted a further £68,500 towards this charity's core costs, the total paid so far is £1,000,000.
THE ROGER DE HAAN CHARrrABLE TRUST Year ended 5" April 2022 As reported in previo$ yeaTS, the Trust has ent¢r¢d into a fimding agreement with TST to facilitate the constructton of a multi-storey extreme sports building in the cffltre of Folkestone. The funding package cornprises a charitable granl together with a long- term loan on favourable ternis. The facility, which is known &8 F51, is now fillly operational. It provides local people and visitors with the oppottimity to engage in a range of sports, including skateboardin& Bmxing, boxin& climbing and bouldering. Each of its floors offers a different experience and have distinctive features suited to diff¢rent skills and abilities. The sit¢ also provides a new home for Folkestone Amateur Boxing Club. In addition to several floors of sporting activity, there is a cafe and a function space that can be hired for special events. The Trust has committed £14.2million of funding to TST (including £706k paid directly by the charity for the initial costs) for the project which opened in the early part of 2022, somewhat later than planned. The delay arose from design related issues exacerbated by construction delays due to Covid-19 restrictions on site and supply chain problems. As a consequence, additional costs have bccn incurred by TST to bring thc project to completion. Last year, the Trust agreed to provide a charitable grant to fimd thc construction of a new athletics centre in Folkestone to include an eight-lane all-weather track, an area for field events. a clubhouse and Car parking. The facility is being built by a Folkestone b&scd charity, The Cheriton Road Sports Ground Trust. It will be locat on the site of the existing sports centrc known Is Three Hills which was constructed. some years ago, using £7.5million provided by the Tnt. The total initial fundin8 commitsnent for the new proj1. including costs Incued to date, is £1 million. (ill) Folke8tone Trlennial The Trust was the founding funder of the Folkestone Triennial which was established in 2008 and is nm by Creative Folkestone. This is a major exhibition of contempordry art in the public realm and is open to the public at no charge. The latest Trtennial was due to take place in Autumn 2020 but was postponcd for twelve month5 because of Covid-19 restrictions. It finally went ahead in November 2021. During the 2019120 and 2021122 financial years, the Trust provided fi]nding of £1 00,000 and £311,000 respectively towards the ¢vent. This brought the Trust's cumulative funding for the 5 Triennials since the event was first launchd ill 2008, to £5.8 million. The Triennial is now r¢cognised as a rnajor art ¢xhibition. One of the enduring benefits of this programme has b¢cn the creation of one of the best and most intriguing contemporary public art collections in the UK. Th¢r¢ are currently 74 artworks from 46 artists placed around the lown of Folkestone for people to enjoy.
THE ROGER DE HN CHARITABLE TRUST tb Year ended 5 April 2022 (iv) Community Development Support for its local community continues to be a key focus of the Tnt'S activities, particularly at a time when many community-based organisations have receiv le5S funding from government ag¢ncies, the effects from tbe Covid-19 pandemic and the current high levels of inflation. The Trust recognises the imEK)rtance to the well-being of the local community of the commitment, enthusiasm and efforts of the many voluntary groups which operate within the area. During the year, the Trust supported a diverse rdnge of community bodies. initiatives and events. The Trust was ple&sed io provide funding to the Rainbow Centre so that it could provide support to people suffering financial hardship in Folk¢stone. (v) Health and Welfare During the p&sl ycar, the Tnt h&8 SUPPOrted a wide rdnge of organisations and othcr beneficiaries in this sector. Those benefiting from fimding grants have included a charity providing support for homeless ppIe and medical and disability support ¢hariti¢s. In 2019, the Trust began developing an initiative, in conjunction with the Kent Community Foundation, to bring together various charitable organisations to support a project which aimed to improve thc provision of mcntal health support serviccs in the Folkcstonc area. Thc initiative, known as Folkestone Safc Haven, is up and running and h&s secured its funding for an initial period of three years. The Trust's financial commitment amount to £180,¢J)O over the three-year tenn. Importantly, Folkestonc Safe Haven provides its services 365 days a year and, unlik¢ many similar or8anisations, is available outside norn]al hours. This initiative is a good example of how different organisations with similar aims can pool their resources and ideas to create a practical and effective solution to challenging problems within the local community. (vi) Arts In addition to its support for Creative Folkestone and the Triennial, referred to ¢arlier in this rq)ort, the Trust 5UPPOrted a number of other arts organisations and initiatives. For a numb¢r of year5, the Trust has made funding available to Creative Folkestone to enabl¢ it to encourage festival organisers to stage events in the local area. A total of £44,000 was committed for this purpose during the year. The Trust also committed £200,000 in the year toward the purchase and curation of Prospect Cottage, the property of the late Derek Jarnian.
THE ROGER DE HAAN CHARITABLE TRUST Year ended 5th April 2022 (vii) Herit&ge Initiatives The Trust remains a willing participant in initiatives to protect valuabl¢ local heritage and as explained in section (i) above has over the years provided major financial support towards the regeneration of the old town area of Folkestolle much of which is in a conservation area. {vii) Internationydl The Trust provided £50,0(K) of funding to the British Red Cross toward their Ukraine Appeal. Inv¢$tment Matters Th¢ Trust's invcstment portfolio delivered gains £340,000 in the year. This includes a loss of £87,000 on the markct value of investments at the year end. Whilst markets have rallied since the pandemic, the invasion of Ukraine has had a further detrimental effect. The portfolio a¢hiev&l a return of 6.99 % over the year to 31 March 2022 whiclL whilst positive. fell below its perfomance bcnchmark. The approximate net income yield on the portfolio for the year was 1.6 % compared to 1.9 % achieved last year and inv¢stm¢nt income for the year amount to £97,0(K), comparol with £165.000 last year. The reduction in income reflects a combination of reduced investment balances, continuing low interest rates and much ru¢¢d dividend yields &s compani¢s Cut or cancelled payments in response to the pandemic. Investment Policy The Trust's approach of placing its portfolio in a range of investments which is diversifted. both gcographically and by asset class, has served it well over the past year. The investmcnl managcment function is perfornied by UBS which advises thc tNslces and cxccutcs all investment transactions on behalf of the Tt. In setting its investment policy. the Trusl's objective is to adopt a level of risk of no higher than medium. 'fhe airn is to preserve capital whilst delivering real long-tenn wwth in the investment portfolio. In Conjunction with UBS, the Trust has ad the following target investment &sset allocation: Equities Bonds and ¢&sh Propety 60 32 loo Bond investments are restricted to institutions holding a pre-detemiined minimum credit rating of "A" The level of concentration of risk to any one institution is kept under regular Teview. Fundraising Policy The Trust does not actively fundraise, and therefore the trustees do not consider it necessary to have a forniaI fundraising policy in place. In the cutrent year, the only donations received were from one of the tThtees. io
THE ROGER DE HAAN CHARITABLE TRUST Year ended 5 April 2022 Plans for Future Periods The trustees anticipate that tre periods will see a continuation of the policy of making a large number of donations to a diverse range of charitable bodies. tn5titutions based in Folkestone and the surrounding community will continue to be widely supported. 2022 will see the completion of the TnL8t's construction and refurbishrnent programme in the old town area of Folkestone. As part of its objective to encourage increased participation in sporL the Tnl will ntInUe lo fund th¢ construction of the new athletics facility in Folkestone. Completion is expect in 2023. Reserves Pollcy The tNste¢s consider that the reserves comprise the general and expendable endowment funds. Whilst not setting a sp¢¢ific target. the policy of the ttwtees is to maintain a level of reserves that will provide a stable b&se from which to fimd the Trust's fijture grant-making activity whilst ¢nsuring that excessive fimds are not accumulated. The Trust's funding position has historically been under-pinncd by the receipt of r¢gular donations from Sir Roger De Haan. The trustees are satisfia that the Trust's reserves are sufficient for ils current purp)ses. There are no restrictions on the purposes for which the Trust's reserves may be Us. Total reserves as at 5 April 2022 wcre £8.4 million (2021.. £13.6 million). Risk Management The trustccs have cxamtned the major risks which the Trust faces and havc put in place systems, policies. procedures and controls in order to manage and mitigate these risks. The Trust maintains a management policy statement which sets out its approach to the management of risk. Appropriate insurances are in place. The principal risk and uncertainty fac&J by the Trust relates to its investment portfolio both in terrns of market relatcd risk and loss of funds. The Trust mitigates this potential risk by the appointment of a reputable investment rnanager, the use of a separate independent custodian to hold the Trust's investments, regular monitoring of investment activity and reporting and ensuring that the investment assct allocation remains appropriate. Investment activity is also overseen by an Investment Committee whose membership includes an independenL experienced investment professional. li
THE ROGER DE HAAN CHAIUTABLE TRUST Year ended 5th April 2022 Statement of Tru5tees' Responsibilities Th¢ trust¢¢s are responsible lor preparing the Truslee5' Report and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Geuetally Accepted Accounting Practice). The law applicable io charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a lThe and fair view of the stat¢ of affairs of the chariry and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP (FRS102j' make judgements and estimates that are reasonable and prudent. state whether applicable accounting sthndards have been followed, subject to any matertal departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriaie to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any (ime the financial position of the chariry and enable them lo ensure thai the financial statemenLS comply with the Charities Act 2011, applicable accounting regulations, and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of frnud and other irregularities. The trustees are responsible for the maintenance and integrity of the Trnst and financial infonnation included on the Trust's website. Legislation in the United Kingdom yoverning the preparation and dissemination of financial slatements may differ from legislalion in other jurisdictions. Sir Roger De Haan On behalf of the Trustees on 17 4thJI44AY 2023 12
THE ROGER DE HAAN CHARrrABLE TRUST Year ended 5th April 2022 Independent Auditors, Report to the Trustees Opinlon We have audited the financiaI statements of The Roger De Haan Charitable Tnt for the year ended 5 April 2022 which comprise the statem¢ni of financial activities, balance sheet. statement of cash flows and notes to the fmancial ststements, including a summary of SI11ficant accounting policies. The financial rqx)rting framework that has been applied in their preparation 15 applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102. the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the stst¢ of the charity's affairs as at 5 April 2022 and of its incotning resources and application of resources for the year then have been properly prepar&1 in accordance with United Kingdom Generally Accept¢d Accounting Practice. and have been prepar¢d in accordance with the requirements of th¢ Charities Act 2011. Basls for opinion We conducted our audit in accordance with Intcrnational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our rcsponsibilities under those standards are further dcscribcd in the Auditors. responsibilities for the audit of the financial statements section of our report. We ar¢ independent of the charity in accordance with the ethical rcquircmcnls that arc relevant to our audit of the financial statements in thc UK, including thc FRC'S Ethical Standard, and we have fulfilled our othcr ethical rl'yponsibilitxes in accordance with these requirements. We believe that the audit evidence we have obtained is suffi¢ienl and appropriate to provide a basis for our opinion. Coneluslons relatitig to going concern In auditing the financial statements, we have concluded that the trnstees, use of the going concern basis of accountin8 in the preparation of the financial statements is appropriate. Based on the Work we have perfornied, we have not identified any material uncertainties relating to events or conditions thaL individually or collectively, may cast significant doubt on the charity's ability to continue as a going conc¢rn for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the tsSteeS with respect to going concern are describ¢d in the relevant sections of this reporL Other information The trustees are responsible for the other inforn]ation. The other infonnation comprises the infonnation included in the annual report, other than the financial statements and our auditors, report thereon. Our opinion on the financial statements does not cover the other infonnation and. except lo the extent otherwise explicitly stated in our reporl we do not express any forn] of &ssuran¢e conclusion thereo 13
THE ROGER DE HAAN CHARITABLE TRUST Year ended 5 Aprit 2022 Independent AudAtors' Report to the Trnste¢$ (cont.) Other information (cont.) Our responsibility is to read the other inforniation and, in doing so, consider whetber th¢ other inforniation is materially inconsistent with the fman¢ial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such mat¢rial inconsistencies or apparent material misstatements, we are required to deterniinc whether there is a material misstatement in the financial statements or a material misstatement of the other inforn)ation. If, based on the work we have perfonned. w¢ concludc thal there is a material misstatement of this other infonnation. we are requird to report that fact. We have nothing to rqy)rt in this regard. Matters on which we are required lo report by ex¢eptlon We have nothing to report in respect of th¢ following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: the infonnation given in the Trustees, Annual Rq)ort is inconsistent in any material resp¢¢t with the financial statements. or the charity has not kept sufficient accounting records; or th¢ financial stalements are not in agreement with the accounting records and returns. or we have not received all the inforniation and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statem¢nt of TnLStees' Rcspon5ibilities set out on page 12, the trustee5 are responsible for th¢ preparation of the financial statements and for being sat15fied that they give a true and fair view, and for such internal control as the trustees detennine is necessary to enable thc preparation of financial statements that are free from rnaterial misstatemenL whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going ncern, disclosin& as applicable, matters related to going concern and using the going concern basi5 of accounting unle55 the trustees either intend to liquidat¢ the charity or to cease operations, or have no realistic alternative but to do so. 14
THE ROGER DE HAAN CHARITABLE TRUST Year ended 5th April 2022 Independent Auditors, Report to the Trustees (conL) Auditors, re$ponsibilities for the audfit of the fmancial statements We have been appointed as auditors under thc Charities Act 2011 and report in accordan¢¢ with regulations made under that Ad. Our objectives are to obtain reasonabl¢ &8surance about whether the financial statements as a whole are free from material misstateTncnL whether due to fraud or error, and to issue an auditors, rert that includes our opinion. Reasonable assurance is a high level of assurance but, is not a 8uaranl¢e that an audit Conduct in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expect to influence the economic decisions of users taken on the b&sis of these financial statements. egularities, including fraud. are instances of non<ompliance with laws and r¢gulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irrcgularities, including fraud. The specific procedures for this cngagement and the cxtent to which these are capabl¢ of detecting irregularities, including fraud are detailed bclow. Identifying and assessing risks related lo irregularities: Wc assessed the susccptibility of the charity's financial statcmcnts to material misstatement and how fraud might occur. including through discussions with infonn¢d managem¢nt, discussions within our audil In planning meeting, updating our record of internaI controls and ensuring these controls operated as intended. We evaluated possible incentivls and opportunitics for fraudulent manipulation of the financia] statemcnts. We idcnlificd laws and regulations that are of significance in the context of the charity by discussions with infornied managemenl and updating our understanding of the sector in which the charity operates. Laws and regulations of direct significance in the context of the charity include the Charities Act 2011, the Charities {Accounts and Reports) Regulations 2008 and guidance issued by the Charity Commission for England and Wales. Audit response to risks identified: We Consider the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statcment disclosures. We reviewed the charity's record5 of breaches of laws and regulations, minutes of meetings and correspondence with relevant authoriti¢s to identify potential material misstat¢ments arising. We discussed the charity's policies and procedures for compliance with laws and regulations with members of management responsible for compliance. Is
THE ROGER DE HAAN CHARrrABLE TRUST Year ended 5th Aprll 2022 Independent Auditors, Report to the Trustees (CODL) During the planning meeting with th¢ audil l¢am. th¢ engagement partner drew attention to the key areas which migbt involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instance5 of non-compliance with laws and regulations or knowledge of any actual, suspccted or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the nornial course of business. We assessed wh¢thcT judgements made in making accounting estimates gave rise to a possible indication of managetnent btas. Ai the completion stagc ofthe audiL the engagement partner's review included ensuring that the tearn had approached their work with appropriate profcssional scepticism and thus the capacity to idcntify non- compliance with laws and regulations and fraud. Th¢r¢ ar¢ inh¢r¢nt limitstions in the audit pro¢ur¢S describa above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the fmancial statemenls. the less likely we would becom¢ aware of it. Also, the risk of not detecting a material misstatcment due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. A rther description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.or .uWaudilorsres onsibilities. This description fornis part of out auditors, Us¢ of our report This rcport is mad¢ solely to the charity's tnLStees, as a body, in accordance with part 4 of the Charities (Accounts and Rcports) Regulations 2008. Our audit work has been undcrtakcn so that we might stati to thc trustccs thosc mattcrs wc arc rcquircd to state to them in an auditor's r¢port and for no other purpose. To the fvllest extent p¢nnitt by law, we do not accept or assume responsibility to anyone other than the charity and the trustees &8 a body. for our audit worL for this rewrt, or for the opinions we have forni¢d. LLP Saffery Champness LLP Chartered Accountants and Statutory Auditors 71 Queen Victoria Street London EC4V 4BE Date: 2 February 2023 Saffery Champness LLP is eligible to act as an auditor in terms of section 1212 of the Companies Aci 2006 16
THE ROGER DE IL4knY CHARITABLE TRUST Year ended 5th April 2022 UnTrstiic¢ed FuDJ5 Ge1 ExpetMlNe Total Totsl 2022 2022 2022 2021 Note £'ooo £l(K)O £'ooo on ethwiDeDts fnbm tnatrts ard Sr Rogrr tk Haan )naied 5eThwes 113 21 718 21 165 904 21 97 231 231 Expekn on Raisr)g fillKIs 13 5.729 5,742 13 5.729 5.742 17 6,976 6,993 Net eXndItre Tore traLsf¢ry aNI (5,511) {5,511) (6.089) (yallllbss¢s) on itrIK. 340 340 340 (5.171) 1.794 (4.295) (5,511) Tratt¥f¢r Expeb 5,511 5.511 {5.171} (5,171) (4.295) bsseB Net Ivent ID fu (5,171) (5.171) (4,301) Bakne brouglx forntrd 13.599 13.599 17,900 B14n¢e ¢arrled forrd 8.428 8.428 13,599 All amounts derive from continuing operatioAs. The tnLSt has no recogni8ed gains or losses other than the amounts included in the net movement in funds. The notes on pages 20 to 30 forni part of these financial statements. 17
THE ROGER DE HMN CHARITABLE TRUST As at 5trh April 2022 BAtANCE SHEEr Unrestiicted Fwxls Genernl Exnd2e FUMI En(IDiTrn*nt 2022 2022 EXndale Total Endownynt & Funds Total Fwids 2022 2021 Note £'ooo £'ooo £'ooo £'ooo FL¥ed assets T assets InveStnts 348 4.444 4.000 8.792 348 4,444 4.000 8.792 4.606 6,858 4,000 15.464 10 cuent asset$ 91 882 198 1.171 91 882 198 1.171 154 152 276 582 Debtors Cash al bank 12 Current ii2bUltles Creditors: AnUs fakng or£ year Net current IlaNlltles credIrS.. Arrx)Lrts FdtthB after nre than orr DonalDns paydb 13 (1.435) (264) {1.435) (264) (2.447) (1.865) 13 (100) (100) Total ossets 8.428 8.428 13,599 FIn9ed by: Unre5tr1cted fundg . Generdl ExperKlabk ¢rnlownrnt 8.428 8.428 13,599 13,599 The notes on pages 20 to 30 forn] part of these financial statements. These financial statements were approved by the Board of Trusle¢s on 17 20 and signed on its behalf by: Sir Roger De Haan Trustee 18
THE ROGER DE HAAN CHARrrABLE TRUST ttrl Year ended 5 April 2022 Statement of Cash Flows STATEMENT OF CASH FLOWS 2022 £'ooo 2021 £'ooo Cashllow from oper4ting 4ctivities". Net income/{expenditttrel for the reporting period Adjustments for: Depreciation Depreciation on transferred prokKty Nel (gainyloss on inYestmeDts LDvesttnent incorn¢ Dwrease/(In¢rease) in programme related invcstments (Increase) in debtors (Decrease) in creditors Net e8sh (used) In operatlons CAJh flow$ from Investing activities: Income from investhlents Purchage of fixed 8&4ets Payments to 4¢quir¢ invalments PrcKeeds from the sale of investments Nel cash flows provided byl{used in) invesling aciiviues Nct increasel(decreAse) in cash And elsb equiY8Jents Cash And cash equlvAlents At beglttlllng of)'ear Bank accounts Short lenn deposits (5,171) (4,301) 103 3,990 {340) (97) 63 {731) {746 (2,929) 204 5,175 (1,794) (165) 81 (94) 1,487 (2,381) 97 170 (2,604) (2,342) 7,445 (1.653) 3.936 2,380 (549) 2,669 288 276 807 830 35 ,083 534 795 1,083 Cash and casb equlvalents at end of year At 6th April 2021 Cash flows At 5th April 2022 Anllysls of changes in net debt Cash and cash equivalents Bank A¢¢ounts Short temi dep)sits 276 807 (78) (471) 198 336 Total 1.083 (549 534 19
THE ROGER DE HAAN CHAIUTABLE TRUST Year ended 5th April 2022 Notes to the Financial Siatements Accounting policies The financial statements are prepar¢d in accordance with Accounting and Reporting by Charities: Statement of Re¢ommended Practice applicable to charities preparing their accounts in a¢cordanc¢ with the Financial Rq)orting Standard in the UK and the Rq)ublic of Ireland (FRS102). The particular accounting policies adopted by the ¢nte¢S are d¢s1b¢d below. Accounting conventioll The fllwi¢ial statements are prepared under the historical cost convention as modified by the revaluation of investments to market value. The CoUntS have been prepared to give a true and fair view and have departed from the Charities (Accounts and Rcports) Regulations 2008 only to the extent required lo provide a tru¢ and fair view. This departure has involved following Accounting and Reporting by Charitics prcparing their accounts in accordance with the Financtal Rq)orting Standard applicable in the UK and Republic of Ireland (FRS102) rather than thc Accounting and Reporting by Charities: Statement of Recommenda Practice effective from l April 2005 which has since been withdrawn. The Trust constitutes a public benefit entity as defined by FRSI 02. The financial statements are prepared in sterling, which is the fimctional currency of the Trust. Coing concern Ai the time of iipproving the financial statements, the tteeS have a reasonable expectation that the Trust ha8 adcquate resources to continue in operational existence for th¢ foreseeable fvture. This assessment is b&sed on a comparison, on a rolling basis, of th¢ Trust's existing resources compared to the outgoings it is committcd to make over the course of the next 12 months. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial stat¢ments. Fund 2ccountlng The Trust maintains unrestricted funds representing unrestricted income and capital which are expendable at the discretion of the trustees in the furtherance of the objects of the charity. Donations received where the donor earniaTks the funds for a specific pury)ose are allocated to a separate restricted fund. When a deficit arises on the general fijnd, an equivalent amount Is transferred from exp¢ndable endowment to offset the deficit. Expenditure All expenditure {in¢luding irrecoverable VAT) is accounted for on an accruals basis. Liabilities are rewgnised &s revenues expended as soon as there is a legal or constructive obligation committing the Trust to the expenditure. The Trust has no employees. 20
THE ROGER DE HAAN CKIRTTABLE TRUST th Year ended 5 April 2022 Accounting policies (continued) Cost of charitable aetivities This comprises all expenditure relating to the objectives of the Tnlst. Grants and donations are accounted for when th¢ tsustees have accepted a legal or constructive obligation to make the grant. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the T( and are included within support cost5, as shown in note 6. A breakdo1 of these costs is analysed in note 7. Tangible fixed assets Tangible fixed assets are stst at cosL net of depreciation and any provision for impainnent. Jmpf41rment of tangible fixed assets Assets are review for impainnenL if events or changes in circumstances indicate that the carrying amount may not be recoverdble. Shortfalls between the carrying value of the assets and their Tecoverable amounts, being the higher of n¢¢ realisable value and value-in-use, are recognised as irnpairnients in the Statement of Financial Activities. Dcpreclatlon DLyreciation is calculated io write off the cost of fixed assets on a straight-line basis over their estimated useful lives ai the following rates: Buildings - 20/0 per anniim Heritagc assets - nil Property leases In cases where the Trust grants long leases of its propety to other ¢hariti¢s at a pcppcrcorn rent, the net book valuc of the relant property IS rUced to nil through the depreciation charge in thc ycar that the Ic&sc is grantcd. Heritage Assets Heritage assets comprise of a collection of publicly exhibitd artworks &8 explained in nole 9 and are held by the Trust in pursuit of its aim to advance arts. culture and heritage. Ongoing maintenance and repairs are carried out as r¢quired. The 8t of this is includaj within expenditure on charitable activities. H¢ritage assets are stated at cost. The assets are considered to have an indefinite life and are therefore not dq)reciated. The trustees rcview the &8sets annually for signs of impairment. Investments Inveslmcnts are stated at market value at the balance Sheet date. Gains or losses on revaluation are reCOlsed in the Statement of Financial Activities 21
THE ROGER DE HAAN CHARITABLE TRUST Year ended 5 April 2022 Accounting policies (continued) Fixed Asset - Programme related investments Programme related investments represent a charitable loan made to the Shepway Sports Trust. This loan is initially reWlsed and me&suTed at the amounts paid, with the carying amount adjusted in subs4uent years to reflect repayments, and adjusted if necessary. for any impairn)ent. No interest is charged on progtamme related investtn¢nts. Income Donations and Icgacies are accounted for &s and when entitlement arises. the amount Can be reliably quantified and the economic benefit to the Tnt is considered probable. Gifis in kind are valuthl at cstimated open market value at the date of gift, in the case of assets for rel¢ntion or consumption, or at the value to the Trust in the case of donated s¢rvic¢s or facilities. Investment incorne is accounied for when receivable. Flnvdncial instruments The Trust only has financial &ssets and financial liabilities of a kind thai qualify &s basic financial instruments. Basic financial instruments are initially r¢cognised at transaction value and subsequently measured at thcir scttlemenl value. The Trust has elect to apply the provisions of Section I I 'Basic Financial Instruments, and Section 12 '0ther Financial Instnllnents Issues, of FRS 102 lo all of its financial instruments. Crltical accounting Judgements and key source5 of estimation uncert¥dinty In the application of thc charity's accounting policies, the trustees are required to make judgcments, estimates and assumptions about the carrying amount of asset5 and liabililics that are not r¢adily apparent from other sources. The estimates and &ssociat¢d assumptions are based on historical experience and other factors that are consider&1 to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are review on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in future periods where necessary. Pro amme Related Investments One of the assessmcnts made in these accounts relates to the recoverability of a loan of £4 million advanc¢d to another charity. The assessment is based on a review of the business plan of the underlying project. Donated Services One of the estimates within these accounts relates to the value attributed to donated staff time. The methodology adopted takes the percentage of each staff member's time taken up on Tn]st matters, MtiplIed by an average staff cost. 22
THE ROGER DE HAAN CHARITABLE TRUST ttrl Year ended 5 April 2022 Taxation As a registerol charity, the Trust is not subject to taxation on its wholly charitable activities. Investment income 2022 £'ooo 74 io 13 2021 £'ooo 121 15 28 Equity inveslments Fixed interest investD]ents Property illvesttnents tnlerest on cash balances 97 165 Trustee remuneratlon No r¢muneration or expenses were paid to trustees (2021: nil). Charitable a¢tlvltles 2022 £'ooo Grantmaklng to achieve the objects of the Trust Direct granls as shown in Note 16 5,396 Support Costs . Heritage Asset costs Depreciation Oth¢r Staff costs (gift in kind) Propcrty costs Legal & professional fe¢s Governance costs Note 7 Total support costs Total expenditure on charitable activities 2021 £'ooo 6,576 102 103 71 204 99 {1 i) 81 io 29 333 5,729 26 400 6,976 Governance costs 2022 £'ooo 15 14 29 2021 £iooo 13 13 26 Audit fees Staff costs Exchange gains 2nd lo$se$ Exchange gains and losses arise from translation differences on the conversion into sterling of TnLSt investments which are denominated in foreign currencies. 23
THE ROGER DE HAAN CHARITABLE TRUST th Year ended 5 April 2022 Tangible fixed assets Heritage Freehold Land Assets & Buildings £'ooo £'ooo 131 50.230 309 (474) 50.065 Total Cost At 6 April 2021 Additions Costs Recovercd At 5 April 2022 £'ooo 50,361 309 474) 50.196 131 Depreciation At 6 April 2021 On properties transferred (ref¢r to foothote) Charge for the year At 5 April 2022 Net book amount At 5 April 2022 Net book amount At 5 April 2021 45,755 3.990 103 49,848 217 45,755 3,990 103 49,848 348 131 Land and buildings are acquired for the purposes of making the properties available for use by other charitable organisations. Of the lotal of £131,000, £18,000 was acquired in 2017118, £29,000 in 2016117, £15,000 in 2015116, £22,000 in 2014115, £21.000 in 2012113 and £26.000 in 2011112. There w¢rc no disposals during the last scven years. Th¢ Trust makes arrang¢ments for the curation and insurance of the artworks. The Trust also owns a numbcr of other publicly exhibited artworks that wer¢ receivcd in prior periods. There is no cost attributablc to thcse artworks in the accounts and thc Trust continues to maintain these assets and writes off the cost incurred, as detailed above. Included within cost5 Is an amount of £474,000 (2021.. £nil) in relation to a provision of damages that havc been awarded against 8 Construction company and will be received by the Tn]st. Included within depreciation is an amount of £3,989,000 {2021.. £5,175) in relation to properties transferra to Creative Folkestone by way of charitable grant during the year.
THE ROGER DE CHARITABLE TRUST Year ended 5 April 2022 io Investments 2022 £'ooo 2021 £'ooo At Cost: Opening balance Additions Sale proceeds Realised profit on sale Closing balance Cash Tot21 investments at ¢ost 5.511 1.653 (3,936) 427 3,655 336 3.991 9,940 2,342 (7,445) 674 5,511 807 6.318 At market value: Equity investments Fixed int¢rcst investments Property investments 2,545 1,146 417 4,108 336 3,933 1,543 575 6.051 807 6,858 Movements in investments al market value Market value as at 6th April 2021 Additions Sale proceeds Investment gainsl{losses) Market value as at 5th April 2022 Cash held on deposit Total investments at Drket V21ue 6.051 1,653 (3,936) 340 9,360 2,342 {7,445) 1,794 4,108 336 6,051 807 6,858 As at 5 April 2022, £1.46 million (2021: £1.81 million) of the investments shown above were invested in the UK. All investments are readily realisable and are either listed or have market prices published on a regular basis. li Progrvdmme related Investments 2022 £'o 2021 £'ooo 4,000 4,000 4,000 In October 2016, the Trust granted a £4,0(K),OIK) interest-fr¢¢ loan facility to Shepway Sports Trust to enable it to construct and fit out an Urban Sports PaA( in Folkestone. As at 5 April 2022 Shepway Sports Trust had ]lY drawn this facility. Shepway Sports Trust b) A furtber amount of £91,0(KI (2021: £154.(K)O) was outstanding in respect of advances made to fund temporary Working capital requirements. The Trustees r¢gularly review the Programme Related Investments for recoverability on a c&8e by case basis based on an &ss¢ssment of the underlying projects. 25
THE ROGER DE HN CHARITABLE TRL'ST Year ended 5 April 2022 12 Debtors 2022 £'ooo 2021 £'ooo Trade debtors Prepayments Interest re¢¢ivable Other debtors io 871 882 134 152 Included with Other debtors is an amount of £206,000 that is due after more than year. 13 Creditors: due wltbln one year 2022 £iooo 76 1,069 290 2021 £'ooo Trade creditors Grants payable Accruals and defeed income 2,010 426 .435 2.447 2022 £'ooo 1,169 1.069 2021 £'ooo 2,010 2,010 Total grants payable less due within one ycar Creditors due after more than one year 14 Re12ted partles Sir Roger De Haan and Lady De Haan are trustees of Creative Folkestone, to which the Trust made charitable grants or provided other support. Staff employed by Sir Roger D¢ Haan provide grant making, administrative and accounting support to the Trust. The value of these services, for the purpose of these accounts. is £113,328 (2021: £93,407). No charge is made to the Trust by Sir Roger De Haan for these services. They are included in income as a donationlgift in kind with the corresponding expens¢ charg¢d in the Statement of Financial Activities. tn th¢ year enda15 April 2022, Sir Roger De Haan made donations to the Tnt amounting to £nil (2021: £500,000) not including relevant gift aid or donated services. 26
THE ROGER DE CHARrrABLE TRUST th Year ended 5 April 2022 15 Comparative Statement of Financial Activities- Prior Year Uttrestrleted Fund8 General Expendable Futtd Elldowment 2021 2021 Totsl Funds 2021 £'fJ)o £'o( £'ooo Incon and eDdoWnt8 from Donations and legacies Sir Roger De Haan Donated serric¢s Invesiments 718 21 165 718 21 165 904 EXndItre on Ratrtg funds Investment management co*s Charitable a¢livilies 17 17 N¢t expcndlture b¢for¢ transferj and Inv¢$tments (6,089) (6.089) l.o&scs on investments Net (eXndItUre)llll¢0m¢ (6,089) 1.794 (4.295) Tr4nsf¢r from ExpeDd#ble Endowment 6,089 {4.295} {4,295) Exchange losses Net movement Ill (4.301) (4,301) Balance brouO1i forward 17,9)0 17,900 BAlanee earrled fi)rward 27
THE R(KER DE HLVI CHARITABLE TRDST Yegr ended 5th Aprtl 2022 Year ended Stb Year ellded 5th April 2022 April 2021 Grants Healilt alld Welfare Ashford & Tenterd¢a Umbrella Backcarc UK BE1#r UK Bri8hi Shadow- Z4st CotDtuvwtits illHythe Cwe BerVave[lltC1¢e D&llaglio Rugby WoTks- TeaiThF [4th Demffljtiq UK Dy8phagia Re5¢ucb Emmaus Dov£r Foik¢slon¢ Town Council- free kni t[115 for kid8 Foikeston¢ TOWD CbristtD45 Fund Glasy D(v. Homdtts pIe Looth Hordlio's Garden HuntingdorA's DiE¢a8e A&gociation Krnt & MedwayMedi¢al SchrK>l DEveicpntht Fw KenL Surrey & Suxs¢x Air AmbuIw¢Tnf Kent A5XKiY41ion for th¢ Blu K¢ Aulistir Tt. Family Supwrt S¢rvice in Kertt Kent MS Th¢ryy Cutre Mcare Motor N¢urone Dse A5so¢iat¥)n 088is DonK5tic Abusc ScTrice Nordoff Robbins Musie Thryy Pilgrims H05PiCQ Rising Sun Domes¢ic Violence & AbuseSuvi¢# Romnty Rewurce 2(XK> Ltd Royal Nlon81 Lifeboat IDstiDJ¢ion Sh¢pWay5tnUll Arts Sidney D¢ FlaAn RescaTch Centrt St MorV$ Familycthtre Tkna8e Cancer Tnjst Trnch¢yJ.Oegoph4gc•l Fistula Support Whizz-Kidz (disability JUFg0rt1 2,5(K> 51rf) 5.5(M) io.(MM) 25.IKM) 5(KJ so, s(x) 10,c Ic 8fJ) 10,(xx) Tot1 Hulth & Wtir CommuDlry JkVeJoptllt 99 IFolkeston¢l Squthrt ATC- mibiTrJJs A5hford Borough Museum Society Ashford Utiit of the Sea Cadrts Corps. CbaADel Rot Coashvatcb Dayof Syn S(Kirty Duke of Edinbur8h- Shepway Folkesrone Baptu¥LChw¢h Foik¢51oDe & HytheSats Folke51one RaIJW Celltre Folk¢5totte Rathbow CeDtre- Mow Matters Foik2stODe Rotary Club For YouDg People G(XKlcbC¢ Theatrg. Thc Walk in Folkestse Gi)odwitL Sands CoTJwvaiioL Tr Hougham Village Hall Hytbe Festival copDY Hythe Velletia(L FeteW¢¢ks KeLI Coast VolvnteetiD8 Kcnl co¢ VolunteeriLg- cov19 Futrj K¢nl Comttsullity F£Alltlett. laptLVS fortitidwivile8ti1 chikJr¢n K¢nt County Scou¢5 4300 {I,OLMJ} 15LX) 14,4051 11.050) 450 20.(NKI 20.1KXI iO,LK¥) 1250) cOmULity DeYelopthettt- Cjnltd Forwvd 54.450 41.795 18
THE ROGER DE CHARITABLE TRUST Year eoded 5th Aprll 2022 Year ended Stb Y&qr ended 5th April 2022 Aprll 2021 Community Developmellt. Brought Forward Kent Crime S)Ppers Lads Club. Saltw(MyJ Lowtr Leas Coastal Park Pjay Art N¢w ROeY Town Council- Community HRII & SF#Xt Pavriion Pav¢ment Poundws CIC Royal British L¢gion Jndustrie>CaJt¢nary Vill88eA5f0rd Sandwich Folk F1VIl Sandwich mtle TnLSt Sandgui¢kn Fesiivel Si Luke5 Church_ Li8hdyJttcfq SUnflow¥Ho5t Wye Co1unity Frn Ltd- farm club Wye PCC- Tepatr of theor8aD 54.450 41,795 lo.) 25.(KK) 650 io.¢xK) io.(KN) Total Cothmwnlty DtvelopoLtttt 112250 89.445 Internatlotsil rith Red Cross- UkrninE Crisis Mission Avi4tiN Fellowsbip 7J Totil Internadory s2.5) 7,5 Arts Art Fund. Prospxtcot Art in Romey Broadstairs FoLk Wrek Chan8elin8TheatTeCompBtty Creative FoikcstODe Crtaiive Folke8tone. supp)rting festi1$ Cr¢ative Folkwtone- Trienni 2021 DDYer Opua12¢ & Drarnaii¢ So¢i¢ty- Mill r(#)f tehrt IMOS Foundation John Armitage Mertx)rilll Tntyt- JAM Ott Th¢ Manh Kcntcounty Or8anists LASS Theatre CIC. The Ltofts ltts1depuf0 RDmney Marth Art Jo¢iety RuLbe Court Educ&tN)nal Trust 21Y).(K 500 112Tr)1 3,989.979 5.175.0 311.(XXI 7.5 11.OLM)) 12,fAK) 1.8 SLX) Total Arts 5210 800 llorlia%e Ilntl. Iibrlc ofbulldltt89) Chichc5tcr Mcnwrial Hall Old Clee¥r PCC- Stsirted 8la5J WiDdow $tOrIE Si Marys Church EihAm PCC- repa work% St Nicholas Cbur¢h NewuJ8ton Total Herlts8¢ Iln¢L fAbrfc of buUdlD8y) Educotlott A¢adetlly FM. Fofke5um¢ East Keni Educ&iionBu5itw Partnership Folke5tone A¢JezDy Inspire SclLooL8 Eduetional F4)undaiioti- Bustcrf8 Club Stowting CEP S¢h(Kil. MUQA Is,(Jx) 15,1MX) 4,OLK> 21,1NX 5.148 21.¢ TDtAI Schools and AudemEts 41,iNX) 45.148 29
THE ROGER DE HAA.N CHARITABLETRUST Year ended 5th Aprtl 2022 Year tudcd 5th Year eudcd Sih April 2022 Aprll 2021 Sports Chenroo Road Swrts GTDUtwl T- AthlaicsTrack Folkeston¢ Coasral IOK Run HawkiDge Cricket Club Rulary Club of the Chann¢l- Channel Triathlon Rowy Club ofthe ChanDel- Half Marathth) Sal¢wLxJd Cricket Club Se8PDint CBNe Club, SL¥trKook Selli[ge Lawn Tennis Club Shepway Stm5 Trust 958.375 1,5(KJ 2.748 1,965 25.(XK) 62(A) 527.5txJ 98.5) Totli Sports 538.165 1,089.123 TOTAL GRANTS £5.396,194 £6.576.016