| Trustees | Air Commodore | Air Commodore | R Cobelli OBE RAF(Ret'd) | |||
|---|---|---|---|---|---|---|
| Mr. G Long | ||||||
| Mr. P Matthews | ||||||
| Mr. M Powell | ||||||
| Mrs. S Round | ||||||
| Charity number | 1162066 | |||||
| Company | number | 08867218 | ||||
| Principal | address ®istered | office | 12a Woodsford | Green | ||
| Castle Lane | West | |||||
| Bournemouth | ||||||
| Dorset | ||||||
| BHB9TP | ||||||
| Auditor | TC Group | |||||
| 10Bridge Street | ||||||
| Christchurch | ||||||
| Dorset | ||||||
| BH23 1EF | ||||||
| Bankers | Santander | UK Pic | ||||
| Business Banking | Accounts Management | |||||
| Bridle Road | ||||||
| Bootle | ||||||
| Merseyside | ||||||
| L304G8 |
| Solicitors | Talking Legal Lawyers | Talking Legal Lawyers | Talking Legal Lawyers | |||
|---|---|---|---|---|---|---|
| The Granary, 2The Barns | ||||||
| Longham | Farm Close | |||||
| Ferndown | ||||||
| Dorset | ||||||
| BH22 9DE | ||||||
| Investment | advisers | CCLA Investment | Management | Limited | ||
| Senator House | ||||||
| 85Queen | Victoria | Street | ||||
| london | ||||||
| EC4V 4ET | ||||||
| Brooks Macdonald | Asset Management | Limited | ||||
| The Long | Barn | |||||
| Dean Estate | ||||||
| Wickham | Road | |||||
| Fareham | ||||||
| F017SBN |
| Page | ||
|---|---|---|
| Trustees' report | 1-4 | |
| Independent auditor's |
report | 6-9 |
| Statement offinancial |
activities | 10 |
| Balance sheet | 11-12 | |
| Notes to the financial | statements | 13-24 |
BOURNEMOUTH WAR MEMORIAL HOMES INDEPENDENT AUDITOR'S REPORT ICONTINUEOI TO THE TRUSfEES OF BOURNEMoufH WAR MEMORIAL HOMES Extent to whlch the audlt was consldered Pable of detethng Irregularhles. Includlng fraud The objectives of our audit. in respect to fraud. are= to identify and assess the risks of materia mi5Statement ol the financial staternents due to fraud- to obtain Sufficient appropriate audit evidence regarding the a5se5sed risks of material mi5Statement due to fraud. through de5ignin8 and implementing appropriate re5ponse5.' and to respond appropriately to fraud or suspected fraud identified during the audit. However. the prirThHry respon5ibilitv for the prevention and detection of fraud rests with both those Charged with governance of the entity and its anagement. Our approach was as follows.. We Identlfled areas of laws and regulations that could reasonably be expetted to have a materlal effect on the fi.nancial statements from our general commercial and sector experience. and through distussion with the trustees and other management las requi by auditing standardsl. and discussed with the trustees and other management the policies and procedures regarding compliance with laws and regulations.. We considered the legal and regulatory frameworks directly applicable to the financial statements reportin8 framework IFRS 102. Companies Act 2Crf)6 and the Charities Act 20111 and the relevant charitv regulations in the UK,. We considered the nature of the industry, the control environment and the charity's performance,. We communicated identified laws and re8ulations throu8hout our team and remained alert to an indicats'ons of non-compliance throughout the audit,. We considered the procedures and controls that the charity has estsblished to address risks identified, or that otherwise prevent, deter and detect fraud,. and how senior management monitors those pro8rammes and control5. 8ased on thi5 understandin8 we desi8ned our avdit procedures to identify non-cofflpliance with such laws ond re8ulation5. Where the risk wa5 considered to be higher, we performed audit procedure5 to addre55 each identified fraud risk. These procedure5 included.. testin8 manual journals.. reviewin8 the linancial statement disclosures and testin8 t0 5upportrn8 documentation,. performin8 analytfcol procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial staternents were fr* from fraud or error. Owing to the inherent limitation5 01 an audit, there is an unavoidable risk that we may not have detected some Material mi5Statements in the ffjnancial statements. even though we have properly planned and performed our audit in accordanee with auditing Stsndard5. For examplè. the further rtmoved non4ompliante with laws and regulations lirregularitiesl is from thè èvènts and transactions rèflertèd in the financial statemènts. the less liktlv the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional eoncealmernt, forgery. colluslon. omlssion or MISrepsentstson. We are not responsible for preventing non-compllance and cannot be expected to detect non-compliance with all laws and regulations. A further description of our responsibiliiies is available on ihe Financial Reporring Council's website at- https.'/l www.frc.org.uklour-Work/Audit/Audit-and-assurancelstandaTds-and-guidance/5tandaids-and-Buidance- forauditors/Auditors-respOnsibilities-fof-auditlDescription-of-auditors-sp0n5ibIlltieS-fOr-audll.aSpx. description forms part of our auditor's report. Thls
| Unrestricted | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | |||||||
| 2023 | 2023 | 2023 | 2022 | |||||
| Notes | E | E | E | E | ||||
| Income and endowments | from: | |||||||
| Donations and |
legacies | 3 | 2,035 | 21,000 | 23,035 | 11,492 | ||
| Charitable activities |
4 | 424,005 | 424,005 | 407,601 | ||||
| Investments | 5 | 18,767 | 18,767 | 10,364 | ||||
| Other income | 8 | 81 | 81 | 326 | ||||
| Total income | 444,888 | 21,000 | 465,888 | 429,783 | ||||
| ~Ed i | ||||||||
| Charitable activities |
331,046 | 17,821 | 348,867 | 328,593 | ||||
| Net gains/(losses) | on investments | 32,089 | 32,089 | (87,363) | ||||
| Net movement | in | funds | 145,931 | 3,179 | 149,110 | 13,827 | ||
| Fund balances | at | 1October 2022 | 4,847,695 | 4,847,695 | 4,833,868 | |||
| Fund balances | at | 30September 2023 | 4,993,626 | 3,179 | 4,996,805 | 4,847,695 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | E | E | |||||
| Fixed assets | |||||||
| Tangible assets | 12 | 4,197,920 | 4,178,265 | ||||
| Investments | 13 | 708,285 | 594,899 | ||||
| 4,906,205 | 4,773,164 | ||||||
| Current assets | |||||||
| Debtors | 14 | 22,355 | 25,059 | ||||
| Cash at bank and | in | hand | 91,728 | 63,574 | |||
| 114,083 | 88,633 | ||||||
| Creditors: amounts | falling due within | ||||||
| one year | 15 | (23,483) | (14,102) | ||||
| Net current assets | 90,600 | 74,531 | |||||
| Total assets less current liabilities | 4,996,805 | 4,847,695 | |||||
| Income funds | |||||||
| Restricted funds | 16 | 3,179 | |||||
| Unrestricted funds |
|||||||
| General unrestricted | funds | 4,942,548 | 4,694,753 | ||||
| Fair value reserve | 51,078 | 152,942 | |||||
| 4,993,626 | 4,847,695 | ||||||
| 4,996,805 | 4,847,695 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2023 | 2023 | 2023 | 2022 | |||
| E | E | E | E | |||
| Donations | and | gifts | 2,035 | 21,000 | 23,035 | 11,492 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| s | s | |||
| Rents | due from tenants | and garages | 459,129 | 437,874 |
| Grants | awarded to tenants | (35,124) | (30,273) | |
| 424,005 | 407,601 |
| Unrestricted | Total | ||||
|---|---|---|---|---|---|
| funds | |||||
| 2023 | 2022 | ||||
| E | E | ||||
| Investment | interest | and | dividends | 18,767 | 10,364 |
| Costs o | fcharitabl | e |
activitie | s - by act | ivit | y | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Activities | |||||||||||
| undertaken | Support | Total | Total | ||||||||
| directly | costs | 2023 | 2022 | ||||||||
| I | etting | ofhomes | to | service | veterans | in | need | 257,704 | 91,163 | 348,867 | 328,593 |
| Activites underta | ken directly |
||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| E | E | ||||
| Council tax and water rates | 2,208 | 1,286 | |||
| Light and heat | 9,395 | 8,682 | |||
| Repairs and maintenance | 204,661 | 172,234 | |||
| Maintenance of |
grounds | 11,270 | 21,747 | ||
| Insurance | 5,691 | 5,440 | |||
| Cleaner's salary |
5,033 | 4,662 | |||
| Cleaning materials |
2,070 | 2,502 | |||
| Legal and professional | 2,262 | 1,176 | |||
| Telephone | 201 | 201 | |||
| Warden call system |
5,606 | 5,230 | |||
| Resident support | costs | 1,044 | 1,089 | ||
| Bad debts | 4,797 | 799 | |||
| Special projects | —windows | 3,466 | 2,675 | ||
| Special projects | —pavements, | roads and grounds | 2,151 | ||
| Special projects | - new communal | area and office | 5,438 | ||
| Special projects | —15Memorial | Homes flat conversion | 10,738 | ||
| 257,704 | 246,050 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | |||
| 2023 | 2022 | ||
| E | f | ||
| Sundry | income | 81 | 326 |
| Support costs | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| E | E | |||
| Estate manager's | salary | 48,300 | 44,750 | |
| Wages and salaries | 14,436 | 13,374 | ||
| Employer's Nl contributions |
1,038 | 1,356 | ||
| Staff pension costs | 2,004 | 1,826 | ||
| Council tax and water rates for offfce | (110) | |||
| Light and heat for | office | 187 | ||
| Printing, postage |
and stationery | 1,408 | 1,448 | |
| Telephone and internet |
for oNce | 587 | 517 | |
| General expenses | 4,927 | 2,463 | ||
| Trustee indemnity | insurance | 1,711 | 1,317 | |
| Accountancy | 4,691 | 4,810 | ||
| Depreciation | 896 | 496 | ||
| Audit | 3,600 | 3,600 | ||
| Investment management |
charges | 7,565 | 6,509 | |
| 91,163 | 82,543 |
| The average monthly number ofemployees during t |
he year was: | |
|---|---|---|
| 2023 | 2022 | |
| Number | Number | |
| Estate manager | ||
| Resident manager | ||
| Cleaner | ||
| Employment costs |
2023 | 2022 |
| E | 6 | |
| Wages and salaries | 67,769 | 62,786 |
| Social security costs | 1,038 | 1,356 |
| Staff pension costs | 2,004 | 1,826 |
| 70,811 | 65,968 |
| Tangible fixe | d assets | |||||
|---|---|---|---|---|---|---|
| Fixtures, | ||||||
| Land and | fittings & | |||||
| buildings | equipment | Computers | Total | |||
| E | E | E | E | |||
| Cost | ||||||
| At 1October | 2022 | 4,174,775 | 2,181 | 1,806 | 4,178,762 | |
| Additions | 19,957 | 593 | 20,550 | |||
| At 30September 2023 | 4,194,732 | 2,181 | 2,399 | 4,199,312 | ||
| Depreciation | and impairment | |||||
| At 1October | 2022 | 436 | 60 | 496 | ||
| Depreciation | charged | in the year | 436 | 460 | 896 | |
| At 30September 2023 | 872 | 520 | 1,392 | |||
| Carrying amount | ||||||
| At 30September 2023 | 4,194,732 | 1,309 | 1,879 | 4,197,920 | ||
| At 30September 2022 | 4,174,774 | 1,745 | 1,746 | 4,178,265 |
| Investment | |||
|---|---|---|---|
| portfolios | |||
| E | |||
| Cost or valuation | |||
| At 1October 2022 | 594,899 | ||
| Additions | 75,000 | ||
| Valuation changes |
32,089 | ||
| Fair value movement | on disposals | released | 6,297 |
| At 30September 2023 | 708,285 | ||
| Carrying amount | |||
| At 30September 2023 | 708,285 | ||
| At 30September 2022 | 594,899 |
| Movement | in | funds | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Incoming | Resources | Balance at | |||||||
| resources | expended | 30 | September | ||||||
| 2023 | |||||||||
| Queen | Mary's | Roehampton | Trust | fund | 21,000 | (17,821) | 3,179 | ||
| 21,000 | (17,821) | 3,179 |
| 17 | Analysis ofnet assets b | etween funds |
|||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| 2023 | 2023 | 2023 | 2022 | ||||
| E | E | E | E | ||||
| Fund balances at 30September 2023 are | |||||||
| represented by: |
|||||||
| Tangible assets | 4,197,920 | 4,197,920 | 4,178,265 | ||||
| Investments | 708,285 | 708,285 | 594,899 | ||||
| Current assets/(liabilities) | 87,421 | 3,179 | 90,600 | 74,531 | |||
| 4,993,626 | 3,179 | 4,996,805 | 4,847,695 | ||||
| 18 | Capital commitments | 2023 | 2022 | ||||
| E | E | ||||||
| At 30September 2023 the charity had capital | commitments | as follows: | |||||
| Expenditure contracted |
for but not provided | in the accounts | 11,183 |