| CONTENTS | Page | |
|---|---|---|
| Legal and administrative | information | |
| Trustees' annual report |
4- 12 | |
| Independent Auditors' |
report | 13-16 |
| Statement offinancial activities | 17 | |
| Balance sheet | 18 | |
| Statement ofcash flows | 19 | |
| Notes to the accounts | 20-30 |
| Operating and Financial Review |
Operating and Financial Review |
Operating and Financial Review |
|
|---|---|---|---|
| The financial result ofthe Trust for the year can be summarised | as follows: | ||
| Year ended 5 | April | ||
| 2023 | 2022 | ||
| K'000 | f.'000 | ||
| Donations | &om SirRoger De Haan | 83 | 113 |
| Investment | income | 80 | 97 |
| Other | 26 | 21 | |
| 189 | 231 | ||
| Grants and | donations | (1,023) | (5,396) |
| Other expenditure | (230) | (346) | |
| Net expenditure | (1,064) | (5,511) | |
| Investment | (losses)/gains | (189) | 340 |
| Deficit for | the year | (1,253) | (5,171) |
| Equities | 60 |
|---|---|
| Bonds and cash | 32 |
| Property | 8 |
| 100 |
| Unrestricted | Unrestricted | Funds | |||||||
|---|---|---|---|---|---|---|---|---|---|
| General | Expendable | Total | Total | ||||||
| Fund | Endowment | Funds | Funds | ||||||
| 2023 | 2023 | 2023 | 2022 | ||||||
| Note | f,'000 | K'000 | f,'000 | K'000 | |||||
| Incoming and | endowments | from | |||||||
| Donations and |
legacies | ||||||||
| Sir Roger De Haan | 83 | 83 | 113 | ||||||
| Donated Services | 26 | 26 | 21 | ||||||
| Investments | 80 | 80 | 97 | ||||||
| 189 | 189 | 231 | |||||||
| Expenditure on |
|||||||||
| Raising funds | |||||||||
| Investment management |
costs | 9 | 9 | 13 | |||||
| Charitable activities |
1,244 | 1,244 | 5,729 | ||||||
| 1,253 | 1,253 | 5,742 | |||||||
| Net expenditure | before | ||||||||
| transfers and |
investments | (1,064) | (1,064) | (5,511) | |||||
| (Losses)/gains | on investments | (193) | (193) | 340 | |||||
| Net expenditure | (1,064) | (193) | (1,257) | (5,171) | |||||
| Transfer from | Expendable | Endowment | 1,064 | (1,064) | |||||
| (1,257) | (1,257) | (5,171) | |||||||
| Exchange gains | 4 | 4 | |||||||
| Net movement | in funds | (1,253) | (1,253) | (5,171) | |||||
| Balance brought | forward | 8,428 | 8,428 | 13,599 | |||||
| Balance carried | forward | 7,175 | 7,175 | 8,428 |
| BALANCE SHEE | T | Unrestricted Funds |
Expendable | ||||||
| General | Expendable | Total | Endowment | dk | |||||
| Note | Fund | Endowmen t |
Funds | Total Funds | |||||
| 2023 | 2023 | 2023 | 2022 | ||||||
| K'000 | f'000 | K'000 | K'000 | ||||||
| Fixed assets | |||||||||
| Tangible assets | 9 | 383 | 383 | 348 | |||||
| Investments | 10 | 2,675 | 2,675 | 4,444 | |||||
| Programme related |
investments | 11 | 4,000 | 4 | 000 | 4,000 | |||
| 7 | 058 | 7,058 | 8 | 792 | |||||
| Current assets | |||||||||
| Programme related |
investments | 11 | 18 | 18 | 91 | ||||
| Debtors | 12 | 352 | 352 | 882 | |||||
| Cash at bank | 305 | 305 | 198 | ||||||
| 675 | 675 | 1 | 171 | ||||||
| Current liabilities |
|||||||||
| Creditors: Amounts one year |
falling due | within 13 |
(508) | (508,' | (1,435) | ||||
| Net current assets/(liabilities'l | 167 | 167 | (264) | ||||||
| Creditors: Amounts | falling due | after | |||||||
| more than one year | |||||||||
| Donations payable | (50) | (5W | (1001 | ||||||
| Total assets/(liabilities) | K7 | 175 | K7 | 175 | K8 | 428 | |||
| Financed by: | |||||||||
| Unrestricted funds |
|||||||||
| General | |||||||||
| Expendable endowment |
7,175 | 7,175 | 8,428 | ||||||
| K7 | 175 | K7 | 175 | K8 | 428 |
| STATEMENT OF CASH FLOWS | ||||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| I'000 | K'000 | |||||
| Cash flow from-operating activities: |
||||||
| Net expenditure for the reporting period |
(1,253) | (5,171) | ||||
| Adjustments for: |
||||||
| Depreciation | 6 | 103 | ||||
| Depreciation on transferred |
property | 148 | 3,990 | |||
| Net loss/(gain) on investments |
192 | (340) | ||||
| Investment income |
(80) | (97) | ||||
| Decrease in programme related |
investments | 73 | 63 | |||
| Decrease/(Increase) in debtors |
530 | (731) | ||||
| Decrease in creditors | (823) | (746) | ||||
| Net cash used in operations | (1,207) | (2,929) | ||||
| Cash flows from investing activities: |
||||||
| Income from investments | 80 | 97 | ||||
| Purchase offixed assets | (343) | |||||
| Payments to acquire investments |
(767) | (1,653) | ||||
| Proceeds from the sale of investments | 2, 1I I | 3,936 | ||||
| Net cash flows provided by investing |
activities | 1,081 | 2,380 | |||
| Net decrease in cash and cash equivalents | (126) | (549) | ||||
| Cash and cash equivalents at beginning |
ofyear | |||||
| Bank accounts | 198 | 276 | ||||
| Short term deposits | 336 | 807 | ||||
| 534 | 1,083 | |||||
| Cash and cash equivalents at end ofyear |
408 | 534 | ||||
| At 6th | At 5th | |||||
| Analysis ofchanges in net debt |
April 2022 | Cash flows | April 2023 | |||
| Cash and cash equivalents | ||||||
| Bank Accounts | 198 | 107 | 305 | |||
| Short term deposits | 336 | (233) | 103 | |||
| Total | 534 | (126) | 408 |
| Investment income |
2023 | 2022 |
|---|---|---|
| K'000 | K'000 | |
| Equity investments | 54 | 74 |
| Fixed interest investments | 15 | 10 |
| Property investments |
8 | 13 |
| Interest on cash balances | 3 | |
| 80 | 97 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| K'000 | f,'000 | ||||||
| Grantmaking | to achieve the objects ofthe Trust | ||||||
| Direct grants | as shown | in Note | 16 | 1,023 | 5,396 | ||
| Support Costs: | |||||||
| Heritage Asset costs | 104 | 102 | |||||
| Depreciation | 6 | 103 | |||||
| Other | 2 | 3 | |||||
| Staffcosts (gift in | kind) | 72 | 99 | ||||
| Property costs | (11) | ||||||
| Legal k professional | fees | 7 | 8 | ||||
| Governance | costs | Note 7 | 30 | 29 | |||
| Total support | costs | 221 | 333 | ||||
| Total expenditure | on | charitable | activities | 1,244 | 5,729 | ||
| Governance | costs | 2023 | 2022 | ||||
| K'000 | K'000 | ||||||
| Audit fees | 19 | 15 | |||||
| Staffcosts | 11 | 14 | |||||
| 30 | 29 |
| Tangible fixed assets | Heritage | Freehold Land | Total | |
|---|---|---|---|---|
| Assets | k Buildings | |||
| Cost | f.'000 | K'000 | K'000 | |
| At 6April 2022 | 131 | 50,065 | 50,196 | |
| Additions | 189 | 189 | ||
| At 5 April 2023 | 131 | 50,254 | 50,385 | |
| Depreciation | ||||
| At 6April 2022 | 49,848 | 49,848 | ||
| On properties transferred |
(refer to footnote) | 148 | 148 | |
| Charge for the year | 6 | 6 | ||
| At 5 April 2023 | 50,002 | 50,002 | ||
| Net book amount At 5 | April 2023 | 131 | 252 | 383 |
| Net book amount At 5 April 2022 | 131 | 17 | 34 |
| ER DE HAAN CH 5'" April 2023 |
ARITA | BLE TRUST | ||
|---|---|---|---|---|
| Investments | 2023 | 2022 | ||
| f,'000 | f'000 | |||
| At Cost: | ||||
| Opening balance |
3,655 | 5,511 | ||
| Additions | 767 | 1,653 | ||
| Sale proceeds | (2,111) | (3,936) | ||
| Realised profit on sale | 151 | 427 | ||
| Closing balance | 2,462 | 3,655 | ||
| Cash | 103 | 336 | ||
| Total investments | at cost | 2,565 | 3,991 | |
| At market value: | ||||
| Equity investments | 1,549 | 2,545 | ||
| Fixed interest investments | 742 | 1,146 | ||
| Property investments |
281 | 417 | ||
| 2,572 | 4,108 | |||
| Cash | 103 | 336 | ||
| 2,675 | 4,444 | |||
| Movements in investments |
at market value | |||
| Market value as at 6th April | 2022 | 4,108 | 6,051 | |
| Additions | 767 | 1,653 | ||
| Sale proceeds | (2,111) | (3,936) | ||
| Investment (losses)/gains |
(192) | 340 | ||
| Market value as at 5th April | 2023 | 2,572 | 4,108 | |
| Cash held on deposit | 103 | 336 | ||
| Total investments | at market value | 2,675 | 4,444 |
| gramme | related | investments | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| K'000 | K'000 | |||
| Shepway | Sports | Trust | 4,000 | 4,000 |
| 4,000 | 4,000 |
| 12 | Debtors | 2023 | 2022 |
|---|---|---|---|
| f'000 | K'000 | ||
| Trade debtors | |||
| Prepayments | 11 | 9 | |
| Interest receivable | 2 | 2 | |
| Other debtors | 339 | 871 | |
| 352 | 882 |
| Creditor | s: due within | one year | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| K'000 | K'000 | |||
| Trade creditors | 3 | 76 | ||
| Grants payable | 370 | 1,069 | ||
| Accruals | and deferred | income | 135 | 290 |
| 508 | 1,435 | |||
| 2023 | 2022 | |||
| f'000 | f'000 | |||
| Total grants payable | 420 | 1,169 | ||
| less due | within one year | (370) | (1,069) | |
| Creditors | due after more than one year | 50 | 100 |
| Unrestricted | Unrestricted | Funds | ||||
|---|---|---|---|---|---|---|
| General | Expendable | Total | ||||
| Fund | Endowment | Funds | ||||
| 2022 | 2022 | 2022 | ||||
| f,'000 | K'000 | K'000 | ||||
| Income and endowments | from | |||||
| Donations and legacies |
||||||
| Sir Roger De Haan | 113 | 113 | ||||
| Donated services | 21 | 21 | ||||
| Investments | 97 | 97 | ||||
| 231 | 231 | |||||
| Expenditure on |
||||||
| Raising funds | ||||||
| Investment management |
costs | 13 | 13 | |||
| Charitable activities |
5,729 | 5,729 | ||||
| 5,742 | 5,742 | |||||
| Net expenditure before |
||||||
| transfers and investments |
(5,511) | (5,511) | ||||
| Losses on investments | 340 | 340 | ||||
| Net (expenditure)/income | (5,511) | 340 | (5,171) | |||
| Transfer from Expendable | Endowment | 5,511 | (5,511) | |||
| (5,171) | (5,171) | |||||
| Exchange losses | ||||||
| Net movement in funds |
(5,171) | (5,171) | ||||
| Balance brought forward |
13,599 | 13,599 | ||||
| Balance carried forward | 8,428 | 8,428 |
| Year ended 5th | Year ended 5th | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Grants | April 2023 | April 2022 | |||||||
| Health and Welfare |
|||||||||
| Age UK Hythe &.Lyminge | 5,000 | ||||||||
| Ashford &Tenterden Umbrella |
2,500 | ||||||||
| Bipolar UK | 2,000 | ||||||||
| Bright Shadow - Zest Communities | in Hythe | 5,000 | |||||||
| Carers Support East Kent | 3,384 | ||||||||
| Caring All together on Romney Marsh | 5,000 | ||||||||
| Crackerjacks Children Trust |
1,515 | ||||||||
| Cross Links Dover | 5,000 | ||||||||
| Cruse Bereavement Care |
3,685 | 5,000 | |||||||
| Dallaglio Rugby Works - re |
Clive Lathey | 500 | |||||||
| Dementia UK - Admiral Nurses |
1,000 | ||||||||
| Folkestone Town Mayor's Christmas | Fund | 1,000 | 1,000 | ||||||
| Glass Door —Homeless people in London |
25,000 | 25,000 | |||||||
| Hi Kent | 4,720 | ||||||||
| Hope for Tomorrow - mobile chemotherapy |
unit | 5,000 | |||||||
| Horatio's Garden | 500 | ||||||||
| Huntingdon's Disease Association |
2,000 | ||||||||
| Kent, Surrey &Sussex Air | Ambulance | Trust | 2,000 | 1,000 | |||||
| Kent Association for the Blind |
2,000 | 500 | |||||||
| Kent Autistic Trust | 5,000 | ||||||||
| Kent MS Therapy Centre |
7,500 | ||||||||
| Motor Neurone Disease Association |
2,000 | 2,000 | |||||||
| Oasis Domestic Abuse Service | 5,000 | ||||||||
| Pilgrims Hospice | 8,000 | ||||||||
| Rising Sun Domestic Violence &Abuse Service | 5,000 | 3,000 | |||||||
| Romney Resource 2000 Ltd | 5,000 | ||||||||
| Royal National Lifeboat Institution |
5,000 | ||||||||
| Shapeshifter Productions |
5,000 | ||||||||
| Shepway Spectrum Arts |
5,000 | ||||||||
| South Kent MIND | 2,000 | ||||||||
| StMary's Family Centre | 10,000 | ||||||||
| Starr in the Community CIC |
1,000 | ||||||||
| The Bloomers Trust | 10,000 | ||||||||
| The Caldecott Foundation | 2,000 | ||||||||
| The Royal Marsden Cancer | Charity | - | Urology Research Fund | 21,600 | |||||
| Touchbase Care UK | 4,000 | ||||||||
| Wetwheels South East CIC |
3,000 | ||||||||
| Total Health &Welfare | 134,904 | 85,500 | |||||||
| Community Development |
|||||||||
| 2nd Cheriton Guides - trip to South | Korea 2023 | 250 | |||||||
| 6th Ramsgate Sea Scouts - | Ice House | project | 1,000 | ||||||
| Ashford Borough Museum | Society | 3,000 | |||||||
| Channel Rotary |
3,000 | ||||||||
| Co astwatch | 2,000 | ||||||||
| Day ofSyn Society | 1,000 | ||||||||
| Folkestone &Hythe Scouts | 1,000 | ||||||||
| Folkestone National Coast Watch Institution |
2,000 | ||||||||
| Folkestone Rainbow Centre |
600 | ||||||||
| Folkestone Rainbow Centre | - Money | Matters | 9,000 | ||||||
| Folkestone Town Council - |
Roman Way play park | 9,000 | |||||||
| For Young People | 6,000 | 6,000 | |||||||
| Good Chance Theatre-Fly with Me project |
5,000 | ||||||||
| Hythe Rotary Club —Round |
The Houses Evening | —Returned | Donation | (1,200) | |||||
| Hythe Venetian Fete Weeks | 20,000 | ||||||||
| Kent Coast Volunteering | 11,100 | ||||||||
| Kent County Scouts | (250) | ||||||||
| Community Development |
Carried | forward | 24,050 | 54,450 |
| ROGER DE HAAN CHARI ended 5th April 2023 |
T | ABL | E T | R | UST | |||
|---|---|---|---|---|---|---|---|---|
| Year ended 5th | Year ended 5th | |||||||
| April | 2023 | April 2022 | ||||||
| g | ||||||||
| Community Development Brought |
forward | 24,050 | 54,450 | |||||
| Lower Less Coastal Park Play | Area | 20,000 | ||||||
| Lympne Playing Field &Village |
Hall | 10,000 | ||||||
| Marsh Community Theatre |
500 | |||||||
| Napier Friends | 5,000 | |||||||
| New Romney in Bloom Community |
Group | 1,000 | ||||||
| New Romney Town Council - | Community | Hall &Sport Pavilion | (25,000) | |||||
| Pavement-Pounders CIC |
750 | 800 | ||||||
| Romney Resource 2000 Ltd-eco |
classroom | 5,000 | ||||||
| Royal British Legion Industries-Centenary | Village Aylesford | 20,000 | ||||||
| Saltwood PCC | 5,000 | |||||||
| Sandwich Folk Festival |
1,000 | |||||||
| Sandgate Sea Festival | 2,500 | 1,000 | ||||||
| St Lukes Church - Lighthouse |
Cafe | 5,000 | ||||||
| Sunflower House |
10,000 | 10,000 | ||||||
| The Harbour Ward Community |
Garden | 2,080 | ||||||
| Turn The Tide Dymchurch Festival |
2,000 | |||||||
| Total Community Development |
42,880 | 112,250 | ||||||
| International | ||||||||
| British Red Cross - Turkey-Syria | Earthquake | 50,000 | ||||||
| British Red Cross - Ukraine Crisis | 50,000 | |||||||
| Mission Aviation Fellowship | 2,500 | |||||||
| Total International | 50,000 | 52,500 | ||||||
| Arts | ||||||||
| Art Fund - Prospect Cottage | 200,000 | |||||||
| Art in Romney Marsh |
1,000 | 1,000 | ||||||
| Changeling Theatre Company |
1,200 | (1,200) | ||||||
| Creative Folkestone | 148,080 | 3,989,979 | ||||||
| Creative Folkestone - supporting | festivals | 34,000 | 44,000 | |||||
| Creative Folkestone - Triennial | 2021 | 311,000 | ||||||
| Dover Operatic & Dramatic Society | - Mill | roofrefurb | 1,000 | |||||
| IMOS Foundation | 4,000 | 5,000 | ||||||
| John Armitage Memorial Trust |
11,000 | 12,000 | ||||||
| Kent County Organists | 500 | |||||||
| Music &Arts for the Shepway | Community | 3,000 | ||||||
| Musical Walkabout CIC-Walkabout |
Wireless project | 700 | ||||||
| Romney Marsh Art society |
500 | |||||||
| Total Arts | 202,980 | 4,563,779 | ||||||
| Heritage (incl. fabric ofbuildings) | ||||||||
| St Margaret ofAntioch Womenswold | PCC - Church toilets | 5,000 | ||||||
| StNicholas Church Newington |
3,000 | |||||||
| The RAF Spitfire &Hurricane | Memorial | Museum | 5,000 | |||||
| Total Heritage (incl. fabric of | buildings) | 10,000 | 3,000 | |||||
| Education | ||||||||
| Academy FM - Folkestone |
15,000 | 15,000 | ||||||
| Folkestone Academy | 26,000 | 21,000 | ||||||
| Inspire Schools Educational Foundation |
- | Buster's Book Club | ||||||
| Stowting CEP School - MUGA | 5,000 | |||||||
| Total Schools and Academies | 41,000 | 41,000 |
| Year ended 5th | Year ended 5th | Year ended 5th | |||
|---|---|---|---|---|---|
| April | 2023 | April 2022 | |||
| g | |||||
| Sports | |||||
| Cheriton Road Sports Ground Trust - previous misposting |
Athletics Track - Correction of | (6,524) | |||
| Folkestone Coastal 10KRun | 1,500 | ||||
| Folkestone Rowing Club- alterations |
to the "SidneyDe Haan" | 1,500 | |||
| Folkestone Swimming Club |
3,000 | ||||
| Rotary Club ofthe Channel | —Channel | Triathlon | 3,000 | ||
| Rotary Club ofthe Channel | -Coastal | 10k | 1,500 | ||
| Rotary Club ofthe Channel | -Half Marathon | 1,600 | 1,000 | ||
| Saltwood Cricket Club | 1,965 | ||||
| Sellindge Lawn Tennis Club |
6,200 | ||||
| The Sports Trust - formerly | Shepway | Sports Trust | 533,500 | 527,500 | |
| Skybound Trampoline Club |
3,500 | ||||
| Total Sports | 541,076 | 538,165 | |||
| TOTAL GRANTS | K1,022,840 | K5,396,194 |