**Charity Registration No. 1105623**
## **FROWDS HOUSE**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 JULY 2020**
4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE
## **FROWDS HOUSE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
Mrs E J Wingate-Saul Miss P J Wingate-Saul Miss R J Wingate-Saul
**Charity number** 1105623 **Independent examiner** Harrisons 4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE
## **FROWDS HOUSE**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1|
|Independent examiner's report|2|
|Statement of financial activities|3|
|Balance sheet|4|
|Notes to the financial statements|5 - 10|
|Detailed Statement of Financial Activities|11 - 12|
## **FROWDS HOUSE**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 JULY 2020**_
The trustees present their report and financial statements for the year ended 31 July 2020.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
## **Objectives and activities**
The aim of Frowds House is to offer independent accommodation to people who are recovering from mental health issues, but who feel ready to live with some support in the community.
Frowds House encourages people to develop skills, make friendships and relationships and take part in local activities.
The length of stay is flexible but Tenants are encouraged to move to their own independent accommodation when they are ready.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
The performance of Frowds House is monitored by quarterly returns to the Mental Health Supported Housing Department of Wiltshire Council and covers such aspects as numbers of Tenants and length of stay. We also receive regular reviews form the same body.
Frowds House charges a rent. This is generally made up of a small personal contribution, housing benefit and a grant from Wiltshire Council.
## **Financial review**
The Charity made a surplus for the year of £ 1,809 ( 2019 : surplus of £ 6,223). The unrestricted reserves at the year end totalled £ 439,391 ( 2019 : £437,582).
## **Structure, governance and management**
The trustees who served during the year and up to the date of signature of the financial statements were: Mrs E J Wingate-Saul
Miss P J Wingate-Saul Miss R J Wingate-Saul
Frowds House is a Supported Housing Project for those with mental health issues. It was previously run by a Manager and a Support Worker but in 2017, the management was outsourced to Woodstock House Limited.
Woodstock House are now responsible for the care and support of the Tenants and the day to day running of the Project.
The Trust retains overall financial control and prepares the end of year accounts for the accountant.
A Trustee meets regularly with the Woodstock Team and reports to the other Trustees.
The trustees' r eport was approved by the Board of Trustees.
## **Mrs E J Wingate-Saul**
Trustee Dated: 30 March 2021
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## **FROWDS HOUSE**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FROWDS HOUSE**
I report to the trustees on my examination of the financial statements of Frowds House (the charity) for the year ended 31 July 2020.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Harrisons Chartered Accountants Independent Examiner
4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE
Dated: 30 March 2021
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## **FROWDS HOUSE**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 JULY 2020**_
|||**Unrestricted**|Unrestricted|
|---|---|---|---|
|||**funds**|funds|
|||**2020**|2019|
||**Notes**|
**£**|**£**|
|**Income and endowments from:**||||
|Donations and legacies|**3**|375|251|
|Charitable activities|**4**|70,211|65,294|
|Investments|**5**|109|103|
|Other income|**6**|-|578|
|**Total income**||70,695|66,226|
|**Expenditure on:**||||
|Charitable activities|**7**|68,886|60,003|
|**Net income for the year/**||||
|**Net movement in funds**||1,809|6,223|
|Fund balances at 1 August 2019||437,582|431,359|
|**Fund balances at 31 July 2020**||439,391|437,582|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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## **FROWDS HOUSE**
## **BALANCE SHEET**
## _**AS AT 31 JULY 2020**_
|**Notes**
**Fixed assets**
Tangible assets
**11**
**Current assets**
Debtors
**12**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**
Net current assets
**Total assets less current liabilities**
**Income funds**
Unrestricted funds
**14**|**2020**
**£**
3,107
60,285
63,392
(1,686)|**£**
377,685
61,706
439,391
439,391
439,391|**2019**
**£**
900
62,422
63,322
(3,514)|**£**
377,774
59,808
437,582
437,582
437,582|
|---|---|---|---|---|
The financial statements were approved by the Trustees on 30 March 2021
Mrs E J Wingate-Saul **Trustee**
- 4 -
## **FROWDS HOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 JULY 2020**_
## **1 Accounting policies**
## **Charity information**
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Garretts Farmhouse, Martin, Fordingbridge, Hants, SP6 3LN.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 5 -
## **FROWDS HOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2020**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings Not depreciated Fixtures and fittings 20% straight line/33.33% straight line
It is the charity's policy to maintain its freehold property to a high standard, so that the estimated residual value will not be impaired over time. The costs of this maintenance are charged to the Statement of Financial Activities. The trustees are of the opinion that any depreciation in respect of charity's freehold property would be immaterial and consequently, no provision is made in the financial statements for such depreciation.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
## **1.8 Financial instruments**
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
- 6 -
## **FROWDS HOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2020**_
## **3 Donations and legacies**
|||||**Unrestricted**|Unrestricted|
|---|---|---|---|---|---|
|||||**funds**|
funds|
|||||**2020**|
2019|
|||||**£**|
£|
||Donations and gifts|||375|
251|
|**4**|**Charitable activities**|||||
|||**Unrestricted**|**Total**|**Unrestricted**|**Total**|
|||**Funds 2020**|**Funds 2020**|**Funds 2019**|**Funds 2019**|
||||**£**|**£**|**£**|
||Residents' contributions|8,358|8,358|8,110|8,110|
||Housing benefit|45,303|45,303|40,634|40,634|
||Supporting People|14,155|14,155|14,518|14,518|
||Capulet Road|761|761|39|39|
||Electricity|1,634|1,634|1,993|1,993|
|||70,211|70,211|65,294|65,294|
|**5**|**Investments**|||||
|||||**Unrestricted**|Unrestricted|
|||||**funds**|
funds|
|||||**2020**|
2019|
|||||**£**|
£|
||Interest receivable|||109|
103|
|**6**|**Other income**|||||
|||||**Total**|Unrestricted|
||||||funds|
|||||**2020**|
2019|
|||||**£**|
£|
||Other income|||-|
88|
||Other income - Capulet Road|||-|
490|
|||||-|
578|
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## **FROWDS HOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2020**_
## **7 Charitable activities**
|Charitable Expenditure
Share of governance costs (see note 8)
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Accountancy fees
-
804
Bank charges
-
73
-
877
Analysed between
Charitable activities
-
877|**Charitable**
**Expenditure**
**Charitable**
**Expenditure**
**2020**
**2019**
**£**
**£**
68,009
59,175
877
828
**2020**
Support
costs
Governance
costs
2019
**£**
£
£
£
804
-
786
786
73
-
42
42
877
-
828
828
877
-
828
828|
|---|---|
## **8 Support costs**
Governance costs includes payments to the independent examiners of £804 (2019- £ 786 ).
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
During the year the company expensed £ 104 (201 9 : £ 128) of reimbursable travel expenses incurred by Mrs E J Wingate-Saul on behalf of the charity.
## **10 Employees**
There were no employees during the year.
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## **FROWDS HOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2020**_
|**11**
**Tangible fixed assets**
**Freehold land**
**and buildings**
**Fixtures and**
**fittings**
**£**
**£**
**Cost**
At 1 August 2019
377,418
1,785
At 31 July 2020
377,418
1,785
**Depreciation and impairment**
At 1 August 2019
-
1,429
Depreciation charged in the year
-
89
At 31 July 2020
-
1,518
**Carrying amount**
At 31 July 2020
377,418
267
At 31 July 2019
377,418
356
**12**
**Debtors**
**2020**
**Amounts falling due within one year:**
**£**
Other debtors
75
Prepayments and accrued income
3,032
3,107
**13**
**Creditors: amounts falling due within one year**
**2020**
**£**
Accruals and deferred income
1,686|**Total**
**£**
379,203
379,203
1,429
89
1,518
377,685
377,774
**2019**
**£**
900
-
900
**2019**
**£**
3,514|
|---|---|
- 9 -
## **FROWDS HOUSE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2020**_
## **14 Unrestricted funds**
These are unrestricted funds which are material to the charity's activities made up as follows:
|||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|
||**Balance at**|**Incoming**|**Resources**|**Balance at**|
||**1 August 2019**|**resources**|**expended**|**31 July 2020**|
||**£**|**£**|**£**|**£**|
|Unrestricted fund|26,234|70,695|(68,886)|
28,043|
|Designated fund - Freehold property|377,418|-|-|377,418|
|Designated fund - Extraordinary repair and|||||
|development|33,930|-|-|33,930|
||437,582|70,695|(68,886)|
439,391|
|||**Movement in funds**|||
||**Balance at**|**Incoming**|**Resources**|**Balance at**|
||**1 August 2018**|**resources**|**expended**|**1 August 2019**|
||**£**|**£**|**£**|**£**|
|Unrestricted fund|23,123|63,114|(60,003)|
26,234|
|Designated fund - Freehold property|377,418|-|-|377,418|
|Designated fund - Extraordinary repair and|||||
|development|30,818|3,112|-|33,930|
||431,359|66,226|(60,003)|
437,582|
Unrestricted funds are available to be spent for any of the purposes of the charity.
The Freehold property designated fund represents the initial purchase of the freehold property.
The Extraordinary repair and development designated fund is to be used for any extraordinary repairs or developments required at the freehold property.
## **15 Related party transactions**
There were no disclosable related party transactions during the year (2019 - none).
- 10 -
## **FROWDS HOUSE**
## **MANAGEMENT INFORMATION**
**FOR THE YEAR ENDED 31 JULY 2020**
## **FROWDS HOUSE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
## _**FOR THE YEAR ENDED 31 JULY 2020**_
**----- Start of picture text -----**
2020 2019
£ £
Income and endowments
Donations and legacies
Donations 375 251
Charitable activities
Residents' contributions 8,358 8,110
Housing benefit 45,303 40,634
Supporting People 14,155 14,518
Capulet Road 761 39
Electricity 1,634 1,993
70,211 65,294
Investment income
Bank interest receivable 109 103
Other income
Other income - 88
Other income - Capulet Road - 490
- 578
Total income 70,695 66,226
**----- End of picture text -----**
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## **FROWDS HOUSE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** _**(CONTINUED)**_
## _**FOR THE YEAR ENDED 31 JULY 2020**_
**----- Start of picture text -----**
2020 2019
£ £
Expenditure on charitable activities
Charitable activities
Activities undertaken directly
Depreciation 89 89
Rates and water 2,733 2,315
Light and heat 6,386 6,397
Repairs and maintenance 21,308 12,733
Insurance 2,186 2,129
Cleaning 547 632
Motor and travel 104 128
Telephone 1,025 723
Management fees 32,496 32,568
Printing, postage and stationery 474 512
Residents' entertainment 606 686
Sundry expenses 55 263
68,009 59,175
Governance costs
Accountancy fees 804 786
Bank charges 73 42
877 828
Expenditure on charitable activities 68,886 60,003
Net income 1,809 6,223
**----- End of picture text -----**
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