CHARITY REGISTERED NUMBER:1161825
DANIEL TAYLOR ALMSHOUSE CIO
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
ALDERS CHARTERED CERTIFIED ACCOUNTANTS 26-28 WEST STREET BRIDPORT DORSET DT6 3QP
DANIEL TAYLOR ALMSHOUSE CIO
LEGAL AND ADMINISTRATIVE INFORMATION
Registered Charity Number: 1161825
Trustees: D A Partridge K Day (resigned 8 April 2022) W A Broadley (resigned 30 March 2022) Joseph Burlington (appointed 8 April 2022) James Boardman (appointed 11 April 2022) Registered Office: 26-28 West Street Bridport Dorset DT6 3QP Accountants: Alders Chartered Certified Accountants 26-28 West Street Bridport Dorset DT6 3QP Bankers: Nat West Bank 94 High Street Honiton EX14 1JL
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DANIEL TAYLOR ALMSHOUSE CIO
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The Trustees present their report and the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS102) in preparing the annual report and financial statements of the charity.
Structure, Governance and Management
Governing document
The charity converted to Charitable Incorporated Organisation on 9 September 2019.
A new governing document was adopted on 27 February 2020.
Objectives and activities
The principal activity of the company is to provide for and maintain the Alms Houses in South Street Bridport for the benefit of the poor and needy of Bridport.
Achievements and performance
In the past year on our South Street site, we have been undoing some of the inappropriate work which carried out in the 1960’s, removing cement render and insulating with what we now know to be the good stuff, mainly insulated lime mortar and pointing the exterior with lime pointing. We have also fitted two new kitchens and entirely revamped the interiors and separated unit 2 from the south wing of The Porch House thus creating two homes where there was one before all be it smaller ones.
Financial review
The charity has made a surplus on its charitable activities of £9,008 in the year.
Full details are shown in the statement of financial activities and supporting notes.
Plans for future periods
In addition to the work on South Street we have been getting on with work on Chancery House. This brings forth the possibility that not only will we create homes for the poorly housed, there are 133 singles people/couples requiring a one bed home, or a bedroom in a shares house and 55 families requiring a 2 bed homes on the council waiting list, but also increase our income by 200% which will hope will allow us to create a virtuous circle of continuous investment in social housing. We see no circumstances in which there will not be a requirement for social housing in Bridport particularly that in almshouses
Continued . . . .
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DANIEL TAYLOR ALMSHOUSE CIO
TRUSTEES' ANNUAL REPORT (Continued)
FOR THE YEAR ENDED 31 MARCH 2022
Trustees' responsibilities in relation to the financial statements
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year , which give a true and fair view of the state of the affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the trustees on 8 July 2022 and signed on its behalf.
James Boardman
Trustee.
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INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF DANIEL TAYLOR ALMSHOUSE CIO
FOR THE YEAR ENDED 31 MARCH 2022
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2022 which are set out on pages 5 to 10
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed the 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:
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accounting records were not kept in respect of the company as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2011 Act.
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
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 accounts to be reached.
Alders Chartered Certified Accountants 26-28 West Street Bridport Dorset DT6 3QP
Dated 11 July 2022
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DANIEL TAYLOR ALMSHOUSE CIO
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
| Total | Total | |||
|---|---|---|---|---|
| Unrestristed | Funds | Funds | ||
| Note | Funds | 2022 | 2021 | |
| £ | £ | £ | ||
| Income and endowments from: | ||||
| Other trading activities | 2 | 26,261 | 26,261 | 25,311 |
| ––––––– | ––––––– | ––––––– | ||
| Total income and endowments | 26,261 | 26,261 | 25,311 | |
| ––––––– | ––––––– | ––––––– | ||
| Expenditure on: | ||||
| Charitable activities | 3 | 9,279 | 9,279 | 9,459 |
| Other | 4 | 7,974 | 7,974 | 6,832 |
| ––––––– | ––––––– | ––––––– | ||
| Total resources expended | 17,253 | 17,253 | 16,291 | |
| Net incoming resources before | ||||
| revaluations and investment | ||||
| asset disposals | 9,008 | 9,008 | 9,020 | |
| ––––––– | ––––––– | ––––––– | ||
| Gains on revaluations | ||||
| of fixed assets | 26,801 | 26,801 | 44,077 | |
| ––––––– | ––––––– | ––––––– | ||
| Net movement in funds | 35,809 | 35,809 | 53,097 | |
| Total funds brought forward | 363,039 | 363,039 | 309,942 | |
| ––––––– | ––––––– | ––––––– | ||
| Total funds carried forward | 398,848 | 398,848 | 363,039 | |
| ––––––– | ––––––– | ––––––– |
All income and expenditure derive from continuing activities.
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DANIEL TAYLOR ALMSHOUSE CIO
BALANCE SHEET
| AT 31 MARCH 2022 | AT 31 MARCH 2022 | ||||
|---|---|---|---|---|---|
| Note | 2022 | 2021 | |||
| £ | £ | £ | £ | ||
| Tangible fixed assets | |||||
| Tangible assets | 5 | 151,225 | 116,043 | ||
| Investments | 6 | 240,122 | 236,321 | ||
| ––––––– | ––––––– | ||||
| 391,347 | 352,364 | ||||
| Current assets | |||||
| Debtors | 7 | 413 | 474 | ||
| Bank accounts | 7,598 | 10,621 | |||
| ––––––– | ––––––– | ||||
| 8,011 | 11,095 | ||||
| Creditors | |||||
| Amounts falling due within | |||||
| one year | 8 | 510 | 420 | ||
| ––––––– | ––––––– | ||||
| Net current assets | 7,501 | 10,675 | |||
| ––––––– | ––––––– | ||||
| Total assets less current liabilities | 398,848 | 363,039 | |||
| ––––––– | ––––––– | ||||
| Net assets | 398,848 | 363,039 | |||
| ––––––– | ––––––– | ||||
| Capital funds | |||||
| Unrestricted funds | 398,848 | 363,039 | |||
| ––––––– | ––––––– | ||||
| Total funds | 398,848 | 363,039 | |||
| ––––––– | ––––––– |
Approved by the trustees on 8 July 2022 and signed on its behalf.
D A Partridge
The annexed notes form part of these financial statements.
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DANIEL TAYLOR ALMSHOUSE CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
1. Accounting policies
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below.
These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with use of the resources.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold improvements 4% per annum of cost
2. Income
| Unrestricted | Total | Total | |
|---|---|---|---|
| Funds | Funds | Funds | |
| 2022 | 2022 | 2021 | |
| £ | £ | £ | |
| Other trading activities | |||
| Rents receivable | 25,276 | 25,276 | 23,229 |
| Energy rebates | 985 | 985 | 1,832 |
| Sundry income | - | - | 250 |
| –––––– | –––––– | –––––– | |
| 26,261 | 26,261 | 25,311 | |
| –––––– | –––––– | –––––– |
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DANIEL TAYLOR ALMSHOUSE CIO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2022
3. Expenditure on charitable activities
Insurance Water rates Light and heat Property repairs |
2022 £ 1,713 822 3,756 2,988 –––––– 9,279 –––––– |
2021 £ 1,408 1,642 3,323 3,086 –––––– 9,459 –––––– |
|---|---|---|
4. Other costs
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Subscriptions | 202 | 197 | |
| Bank charges | 72 | 149 | |
| Administration costs | 314 | 803 | |
| Depreciation | 7,386 | 5,683 | |
| –––––– | –––––– | ||
| 7,974 | 6,832 | ||
| –––––– | –––––– |
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DANIEL TAYLOR ALMSHOUSE CIO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2022
5. Tangible fixed assets
| Land | ||
|---|---|---|
| and | ||
| Buildings | ||
| £ | ||
| Cost: | ||
| At 1 April 2021 | 142,070 | |
| Additions | 42,568 | |
| ––––––– | ||
| At 31 March 2022 | 184,638 | |
| ––––––– | ||
| Depreciation: | ||
| At 1 April 2021 | 26,027 | |
| Charge for the year | 7,386 | |
| ––––––– | ||
| At 31 March 2022 | 33,413 | |
| ––––––– | ||
| Net book value: | ||
| At 31 March 2022 | 151,225 | |
| ––––––– | ||
| At 31 March 2021 | 116,043 | |
| ––––––– | ||
| 6. | Fixed asset investments | |
| Listed | ||
| £ | ||
| Cost: | ||
| At 1 April 2021 | 236,321 | |
| Surplus on revaluation | 26,801 | |
| Disposals | (23,000) | |
| ––––––– | ||
| At 31 March 2022 | 240,122 | |
| ––––––– | ||
| Net Book Values: | ||
| As at 31 March 2022 | 240,122 | |
| ––––––– | ||
| As at 31 March 2021 | 236,321 | |
| ––––––– |
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DANIEL TAYLOR ALMSHOUSE CIO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2022
7. Debtors and prepayments
| 2022 | 2022 | 2021 | ||
|---|---|---|---|---|
| £ | £ | |||
| Prepayments | 413 | 474 | ||
| ––– | ––– | |||
| 8. | Creditors | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Sundry Creditors | 510 | 420 | ||
| –––––– | –––––– | |||
| 9. | Financial Instruments | |||
| The company had the following financial instruments: | ||||
| 2022 | 2021 | |||
| £ | £ | |||
| Financial assets at fair value through profit | ||||
| or loss | ||||
| Fixed asset investments | 240,122 |
236,321 | ||
| ––––––– | ––––––– |
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