|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|
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|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)|
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|Equities|60|
|---|---|
|Bonds and cash|32|
|Property|8|
||100|
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||||||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|
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|---|---|---|---|---|---|---|---|---|---|
|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|
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|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|
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|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|
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|||||||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|
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|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|
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|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|
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|gramme|related|investments|||
|---|---|---|---|---|
||||2023|2022|
||||K'000|K'000|
|Shepway|Sports|Trust|4,000|4,000|
||||4,000|4,000|
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|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|
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||||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|