2023-08-31-accounts

Contents
			Page
Reference and administrative	details ofthe Charity, Its-Trustees	and advisers	1-2
Trustees' report			3-6
Independent examiner's report
Statement offinancial activities
Balance sheet
Notes to the financial statements			10-18

Reference and administrative details ofthe Charity,	Reference and administrative details ofthe Charity,	Reference and administrative details ofthe Charity,	Reference and administrative details ofthe Charity,	Reference and administrative details ofthe Charity,	its Trustees and advIsers	its Trustees and advIsers	its Trustees and advIsers
Forthe year	ended 31August 2023
Trustees		RJ Race, JP, DL, Chairmans
		M Dodds
		A Goulden, Vice Chairman			(resigned		13March 2023)s
		I McLeod, Vice Chairmans
		The Very Reverend	Dr P Hesketh			Dean of Rochester&
		H Harwood (resigned		14 November			2022)2
		.R Turpin (resigned 1		August	2023)4
		Stephanie Brivio (appointed			23 March 2023)s
		Shirley Gurteen (appointed			4 January 2023)2
		Dean and Chapter		ofRochester		Cathedral
		s Richard Watts Charities ' Rochester Bridge Trust
		4 Medway Council
		s Old Williamsonian		Club
		s Co-opted
Charity number		296368
Principal office		1 Maynard Place
		Chatham
		Kent
		ME5 7HD
Accountants		Kreston Reeves LLP
		Chartered Accountants
		Montague Place
		Quayside
		Chatham Maritime
		Chatham
		Kent
		ME4 4QU
Bankers		National Westminster		Bank	Pic
		148 High Street
		Chatham
		Kent
		ME4 4DB
Solicitors		dgb Solicitors LLP
		The Captain's House
		Central Avenue
		Pembroke
		Chatham Maritime
		Kent
		ME4 4UF
Investment	advisers	Ravenscroft
		The Singing Men' s,Chambers
		19Minster Precincts
		Peterborough
		PE1 1XX

				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
				2023	2023	2023	2022
			Note		6	8
Income from:
Donations and	legacies				5,000	5,000
Investments					223,277	223,277	186,747
Total Income					228,277	228,277	186,747
Expenditure on:
Raising funds			5	25,642	3,855	29,497	32,552
Charitable activities			7		83,031	83,031	56,678
Total expenditure				25,642	86,886	112,528	89,230
Net (expenditure)/income		before net
losses on investments				(25,642)	141,391	115,749	97,517
Net losses on	investments			(254,049)	(25,257)	(279,306)	(601,058)
Net movement	In funds			(279,691)	116,134	(163,557)	(503,541)
Reconciliation	offunds:
Total funds brought forward				7,504,115	657,826	8,161,941	8,665,482
Net movement	in funds			(279,691)	116,134	(163,557)	(503,541)
Total funds carried forward				7,224,424	773,960	7,998,384	8,161,941

				2023		2022
		Note		6		F
Fixed assets
Tangible assets		9		6,293		6,293
Investments		11		4,753,326		4,908,975
Investment property		10		3,212,000		3,212,000
				7,971,619		8,127,268
Current assets
'Debtors		12	2,407		2,407
Cash at bank and In hand			30,751		38,365
			33,158		40,772
Creditors: amounts	falling due within one
year'		13	(6,393)		(6,099)
Net current assets	'			26,765		34,673
Total net assets				7,998,384		8,161,941
Charity funds
Restricted funds		14		7,224,424		7,504,115
Unrestricted funds		14		773,960		657,826
Totalfunds				7,998,384		8,161,941

		Unrestricted	Total	Total
		funds	funds	funds
		2023 6	2023 8	2022f
Donations		5,000	5,000
Investment	income
		Unrestricted	Total.	Total
		funds	funds	funds
		2023 6	2023	2022f
Rent		49,842	49,842	49,710
Income from	listed investments	173,154	173,154	137,022
Bank interest	receiyable	281	281	15
		223,277	223,277	186,747
Total2022		186,747	186,747

				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
				2023	2023	2023	2022
				6	6
	Investment	management	fees	25,642	3,855	29,497	32,552
	Total 2022			29,461	3,091	32,552
6.	Analysis ofgrants

				Grants to	Total	Total
				Institutions	funds	funds
				2023	2023	2022
					8
Grants payable to educational	institutions			61,750	61,750	31,500
Total 2022				31,500	31,500
The Charity has made the following		material	grants to institutions	during the yean

The C	harity has made the following ma	terial grants t	o institutions during	the yean
				2023		2022
				6		F
Name	of institution
Grants	paid to Sir Joseph Williamson's	Mathematics!	School	61,550	.	31,300
Grants	paid to Rochester Grammar School			200		200
				61,750		31,500

		Activities	Grant
		undertaken	funding of	Support	Total	Total
		directly	activities	costs	funds	funds
		2023	2023	2023	2023	2022
		6	6	8	6	E
Charitable	activities	1,1 332	61,750	9,949	83,031	56,678
Total 2022		, 15,242	31,500	9,936	56,678

				Total	Total
			Activities	funds	funds
			2023	2023	2022
				E	F
Insurance			2,877	2,877	2,632
Property repairs			1,010	1,010	2,030
Professional	fees		3,120	3,120	6,096
Commissions	payable		4,325	4,325	4,484
			11,332	11,332	15,242
Total 2022			15,242	15,242
Analysis of	support costs
				Total	Total
			Activities	funds	funds
			2023	2023	2022
			E	E	E
Sundry and	Clerk's expenses		25	25	306
Clerk's fees			5,250	5,250	5,250
Independent	examiner's	fee	4,674	4,674	4,380
			9,949	9,949	9,936
Total 2022			9,936	9,936

Notes	to the financial statements	to the financial statements
Forthe year ended 31August 2023
11.	Fixed asset investments
				Cash
			Listed	awaiting
			investments	investment	Total
			5	8
	Cost or valuation
	At 1 September 2022		4,853,130	55,845	4,908,975
	Additions		1,052,617	(1,052,617)
	Disposals		(982,547)	966,059	(16,488)
	Revaluations		(262,818)		(262,818)
	Amounts written off			123,657	123,657
	At 31 August 2023		4,660,382	92,944	'4,753,326
	Net book value
	At 31 August 2023		4,660,382	92,944	4,753,326
	At 31 August 2022		4,853,130	55,845	4,908,975
12.	Debtors
				2023	2022
				8
	Due within one year
	Trade debtors			2,407	2,407
13.	Creditors: Amounts	falling due within one year
				2023	2022
				6	F
	Accruals and deferred	income		6,393	6,099

For t	he year end	ed 31August 2023
14.	Statement	offunds
	Statement	offunds - current year
		Balance at 1						Balance at
		September					Gains/	31August
			2022	Income	Expenditure		(Losses)	2023
			6	6		6	6	6
	Unrestricted funds
	General Funds		657,826	228,277	(86,886)		(25,257)	773,960
	Restricted	funds
	Restricted	Fund	7,504,115		(25,642)		(254,049)	7,224,424
	Total offunds		8,161,941	228,277	(112,528)		(279,306)	7,998,384
	Statement	offunds - prior year
			Balance at					Balance at
		1	September				Gains/	31 August
			2021 6	Income f	Expenditure	f	(Losses) 6	2022 6
	Unrestricted funds
	General Funds		495,186	186,747	(59,769)		35,662	657,826
	Restricted	funds
	Restricted	Fund	8,170,296		(29,461)		(636,720)	7,504,115
	Total offunds		8,665,482	186,747	(89,230)		(601,058)	8,161,941

Analysis	ofnet assets between funds - curre	nt year
		Restricted	Unrestricted	Total
		funds	funds	funds
		2023	2023	2023
		6	6	6
.Tangible fixed assets		6,293		6,293
Fixed asset investments		4,011,104	742,222	4,753,326
Investment	property	3,212,000		3,212,000
Current assets		(4,973)	38,131	33,158
Creditors	due within one year		(6,393)	(6,393)
Total		7,224,424	773,960	7,998,384

Analysis ofnet assets between funds - prior	year
	Restricted	Unrestricted	Total
	funds	funds	funds
	2022	2022	2022
		F	6
Tangible fixed assets	6,293		6,293
Fixed asset investments	4,284,837	624,138	4,908,975
Investment property	3,212,000		3,212,000
Current assets	985	39,787	40,772
Creditors due within one year		(6,099)	(6,099)
	7,504,115	657,826	8,161,941