**Charity Registration No. 1105623** ## **FROWDS HOUSE** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 JULY 2021** 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 Independent examiner** 1105623 Harrisons Chartered Accountants 4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE ## **FROWDS HOUSE** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 2| |Independent examiner's report|3| |Statement of financial activities|4| |Balance sheet|5| |Notes to the financial statements|6 - 11| |Detailed Statement of Financial Activities|12 - 13| ## **FROWDS HOUSE** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 JULY 2021**_ The trustees present their annual report and financial statements for the year ended 31 July 2021. 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 up until March 2021, a grant from Wiltshire Council. ## **Financial review** The Charity made a surplus for the year of £ 551 ( 2020 : £ 1,809). The trustees aim to retain reserves at a sufficient level to cover support and governance costs and in particular the maintenance and upkeep of the building. The unrestricted reserves at the year end totalled £ 439,942 ( 2020 : £ 439,391 ) which includes designated funds relating to freehold property and repairs funds of £408,040 (£411,438). ## **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. - 1 - ## **FROWDS HOUSE** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2021**_ The trustees' r eport was approved by the Board of Trustees. **Mrs E J Wingate-Saul** Trustee Dated: 29 April 2022 - 2 - ## **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 2021. ## **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: 29 April 2022 - 3 - ## **FROWDS HOUSE** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 JULY 2021**_ |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|
**funds**| |||**2021**|
**2020**| ||**Notes**|
**£**|
**£**| |**Income from:**|||| |Donations and legacies|**3**|-|
375| |Charitable activities|**4**|59,332|
70,211| |Investments|**5**|5|
109| |**Total income**||59,337|
70,695| |**Expenditure on:**|||| |Charitable activities|**6**|58,786|
68,886| |**Net income for the year/**|||| |**Net movement in funds**||551|
1,809| |Fund balances at 1 August 2020||439,391|
437,582| |**Fund balances at 31 July 2021**||439,942|
439,391| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 4 - ## **FROWDS HOUSE** ## **BALANCE SHEET** ## _**AS AT 31 JULY 2021**_ |**Notes**
**Fixed assets**
Tangible assets
**9**
**Current assets**
Debtors
**10**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**11**
Net current assets
**Total assets less current liabilities**
**Income funds**
Unrestricted funds
**12**|**2021**
**£**
1,971
62,114
64,085
(1,739)|**£**
377,596
62,346
439,942
439,942
439,942|**2020**
**£**
3,107
60,285
63,392
(1,686)|**£**
377,685
61,706
439,391
439,391
439,391| |---|---|---|---|---| The financial statements were approved by the Trustees on 29 April 2022 Mrs E J Wingate-Saul **Trustee** - 5 - ## **FROWDS HOUSE** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 JULY 2021**_ ## **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, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 small charities 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. 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. - 6 - ## **FROWDS HOUSE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2021**_ ## **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: E xpenditure 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. - 7 - ## **FROWDS HOUSE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2021**_ ## **3 Donations and legacies** ||||**Total**|Unrestricted| |---|---|---|---|---| |||||funds| ||||**2021**|
2020| ||||**£**|
£| |Donations and gifts|||-|
375| |**Charitable activities**||||| ||**Unrestricted**|**Total**|**Unrestricted**|**Total**| ||**Funds 2021**|**Funds 2021**|**Funds 2020**|**Funds 2020**| |||**£**|**£**|**£**| |Residents' contributions|3,962|3,962|8,358|8,358| |Housing benefit|43,961|43,961|45,303|45,303| |Supporting People|9,436|9,436|14,155|14,155| |Capulet Road|535|535|761|761| |Electricity|1,438|1,438|1,634|1,634| ||59,332|59,332|70,211|70,211| |**Investments**||||| ||||**Unrestricted**|Unrestricted| ||||**funds**|
funds| ||||**2021**|
2020| ||||**£**|
£| |Interest receivable|||5|
109| |**Charitable activities**||||| ||||**Charitable**|
**Charitable**| ||||**Expenditure**|
**Expenditure**| ||||**2021**|
**2020**| ||||**£**|
**£**| |Charitable Expenditure|||57,867|
68,009| |Share of governance costs (see note 7)|||919|
877| **4 Charitable activities** ## **5 Investments** ## **6 Charitable activities** - 8 - ## **FROWDS HOUSE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2021**_ ## **7 Support costs** |**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Legal and professional fees
-
919
-
919
Analysed between
Charitable activities
-
919|**2021**
**£**
919
919
919|Support
costs
Governance
costs
£
£
-
877
-
877
-
877|2020
£
877
877
877| |---|---|---|---| Governance costs includes payments to the independent examiners of £816 (2020- £ 804 ). ## **8 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 charity expensed £ 53 ( 2020 : £ 104) of reimbursable travel expenses incurred by Mrs E J Wingate-Saul on behalf of the charity. ## **9 Tangible fixed assets** |**Freehold land**
**and buildings**
**Fixtures and**
**fittings**
**£**
**£**
**Cost**
At 1 August 2020
377,418
1,785
At 31 July 2021
377,418
1,785
**Depreciation and impairment**
At 1 August 2020
-
1,518
Depreciation charged in the year
-
89
At 31 July 2021
-
1,607
**Carrying amount**
At 31 July 2021
377,418
178
At 31 July 2020
377,418
267|**Total**
**£**
379,203
379,203
1,518
89
1,607
377,596
377,685| |---|---| - 9 - ## **FROWDS HOUSE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2021**_ |**10**
**Debtors**
**Amounts falling due within one year:**
Other debtors
Prepayments and accrued income
**11**
**Creditors: amounts falling due within one year**
Accruals and deferred income|**2021**
**£**
75
1,896
1,971
**2021**
**£**
1,739|**2020**
**£**
75
3,032
3,107
**2020**
**£**
1,686| |---|---|---| - 10 - ## **FROWDS HOUSE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2021**_ ## **12 Unrestricted funds** These are unrestricted funds which are material to the charity's activities made up as follows: |||**Movement**|**in funds**|**in funds**|| |---|---|---|---|---|---| ||**Balance at**|**Incoming**||**Resources**|**Balance at**| ||**1 August 2020**|**resources**||**expended**|**31 July 2021**| ||**£**|**£**||**£**|**£**| |Unrestricted fund|28,043|59,337||(55,478)|31,902| |Designated fund - Freehold property|377,418|-||-|377,418| |Designated fund - Extraordinary repair and|||||| |development|33,930|-||(3,308)|30,622| ||439,391|59,337||(58,786)|439,942| |||**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| 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. ## **13 Related party transactions** There were no disclosable related party transactions during the year (2020 - none) . - 11 - ## **FROWDS HOUSE** ## **MANAGEMENT INFORMATION** **FOR THE YEAR ENDED 31 JULY 2021** ## **FROWDS HOUSE** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** ## _**FOR THE YEAR ENDED 31 JULY 2021**_ **----- Start of picture text -----**
2021 2020
£ £
Income and endowments
Donations and legacies
Donations - 375
Charitable activities
Residents' contributions 3,962 8,358
Housing benefit 43,961 45,303
Supporting People 9,436 14,155
Capulet Road 535 761
Electricity 1,438 1,634
59,332 70,211
Investment income
Bank interest receivable 5 109
Total income 59,337 70,695
**----- End of picture text -----**
- 12 - ## **FROWDS HOUSE** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** _**(CONTINUED)**_ ## _**FOR THE YEAR ENDED 31 JULY 2021**_ **----- Start of picture text -----**
2021 2020
£ £
Expenditure on charitable activities
Charitable activities
Activities undertaken directly
Depreciation 89 89
Rates and water 4,514 2,733
Light and heat 6,035 6,386
Repairs and maintenance 21,285 21,308
Insurance 2,025 2,186
Cleaning 712 547
Motor and travel 53 104
Telephone 853 1,025
Management fees 21,664 32,496
Printing, postage and stationery 370 474
Residents' entertainment 261 606
Sundry expenses 6 55
57,867 68,009
Governance costs
Accountancy fees 816 804
Bank charges 103 73
919 877
Expenditure on charitable activities 58,786 68,886
Net income 551 1,809
**----- End of picture text -----**
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