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|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||||
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|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|
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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
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||||||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|
##
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|||||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|
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||||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|
##
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||||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|
##
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||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|
##
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|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|
##
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|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|
##
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||||||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|
##
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|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|