Charity registrav.on numbei.. 1187C63 DOACHESTER ALMSHOUSES ANNUAL REPORT AND UNAUDITEDFINANCIAL STATEMENTS FOR THEYEAR ENDED31 MARCH 2025
OORCHESTEIIALMSHOUSES CONTENTS Tru8tees èrwj Admni5tr8th Oel* Trustees, RepNt 2107 Inoependent Exarninerfs Report atement ol Finala1 ACtNe8 8alJnce $et 10 NotB5 to IhB FinarK?41 StJt4Jrnvr 111022
L)ORCHESTERALMSHOUSES TRUSTEES AND ADMINisfAATIVE DETAILS Truts88 offlcers The Irusiee5 gnd offKers serwr¥J during th•>Tarw S yww¥J as folm." N gundy- Treatr S Hosfty F Kenl-Ledger S G06S J Hewit Cllr R 89¥ J Chrlma%-vl¢ Chm GeThJrnl Mana9er aTrd Cknk lo ihe Iruslees.. FsD•nrJal Clerk S WoTrJ •f•r•nu Ind Admlnlstrntfv• O•tyl Ghgdty Reg4?Ir4in Nyrter.. 1187 OffK¥". West wk¥ Dryset OTI IAW IndepBrylenl Ex4mln¢r". 8JHwhFCA E¢Jwards and Keewr¥J LMred Charttted Acc1%$ Unly Ch•rrts5 34 HNJh E8$1 Street DT1 1HA
DORCHESTER ALAISHOUSES TRUSTEES, fiEPORT The Trus18es ol Dorche8ter Akn8house8 preseffl rtpm and unathiied fManc1 steftnts for Ihe yew Ld 31st March, 2025. The Truslees have 8dopt8d Ihe prowcn$ of the Ststernent d Recommended Pr8ctir ISORPI "Atr1 and RepDfiing by Chartbes" IFRS 102) in preparY¥J the annual reFth and fanUal itaiemeffti8 of Ihe Chariy. This is th2 treatment rMur8d by It Houww SORP 2018 faTWOteTed soryal Wi)rds 8re atso MshjSets. The finonoBI stolernenls have been piepared in ilh Ihe accounbry pe9 set oul In nc488 10 the accounts and comply th the Ch¥Y'S yo¥erniry ijowwrt. the Chwribe5 Acl 2011 and AC¢tin9 gTrJ Reporti wilh the Financi RéportnJ 518ndwd apphc4ein the UK and RmlIG IrEland. Obl•ctlv•• and •ctl¥itiv IDI pub%G I•fil Dorchester AJm$hou8èA i8 an amalgwthltion of 3 4m8hw8e rjwthes. C0. Wh8tslore 8ryd Nippeli Akn$house5. founded in the egrfy 1nh lo wwde •w)mmtyJwbm fty the ddetty. potr and neety of Oorchesler. The objects of tknrcht$ter are the rthl cl fjnDrKid hwdship by the prowyLr d sooal hou8ing in ihe foftTJ Df MShOue acccrnmodalion and A119ry equwient. )d [l•n4 few akwr50n5 Ilom Ihe lJ8s d benefirJane& VarAncs •re fd Ir clas$ of berfici5 b•'ThJ people In fingncial hgr09hip who &re ha18•1$ of Ihè 10sYn ol DixdJier or eL4ethere IhB ol DoTsel. Truees' pc4Gy is lo deliver Th?8e 04ects by me8M of 8 h810% tornrnunty. These objects we md throwh Iht piawiiit• ol •tcrynrnod•iw in 26 ll•ti pro¥Kliry suwrxted houyry 10 2 •lm8housv8, Whet8low8 snd N8PFer's House. Resthnts shothd be fit enou 10 Nve •n indepenOeN lrfe, Ihouih P06sibly care supwt. The ahrhrS we overseen by ¥ ReB#ler4 Wardtr). Re$ld•nti eonrribute IardS Ihe overal cosls of Ihe ¢h8ty Ie contnbuliws ire e8th year in line guhlJnEe from tho ReguL•lor of Sw81 Thew art swh Ih•i ovrall w• b0¢1.
DORCHESTER ALMSHOUSES TrU8TEES' REPORT Tho Char fonn¢rfy ye a yopeity as Chubb5, thich ccfftpnsth1 4 bedsrts as aco)mmodion In th• furthetance Df the thwty5 LJject4ves. The prom. was sold because rt dKJ me& TBlevant regulations 81 the lime and has not beeft replaced. Since that lime. tha TfU$i¢¢S h4 b••n wathry lv 8 stsitable repl&rmenl cyponunty to arl$È and look the deu$1 to investigate th¢ de%ekyn¢nt of Na5 ¥le. They have 8wlied for and r8ceived 8 grant8 Irorn Dor¥•l CouTr•l Ifgrn•th Wmt Dors•l t)mIn Counuti Ilyd& IwsWIty 51uty desi9n up to SUtrfnB5ion of planning applic4iion. continued in 20242V25. The charty 5Mitted 8 fomial planning apphration In earty ?OZ2, 8pproved on 28 M•rrh 2025. a penod of due to 585 ol nutrrtt neutrvlty which Dffected rnany nvtv developments in Dorset. The tru51e¥s made the thc40r lo lease ¥ac8ni fiats N•pF¢FS Hjge lo Dofael counc to 8¥oH8 the property S1 va¢anl wor lo Llemollion, to prtye Shod term acccmmodatioft foi k)cal lh• Mousir4 R•gisl•r vkno meetthè CIOS ¢Dleria for appointm¢ni and lo provth v41u•bLry Inc(8 for lh• CIO. 6 flats re Sed lo the council in 202> 2024 and an additional ll81 was aSed In th ¢yrit ye•r fry iocth ors I mBJoiity of landbjrd regponsibililies whil31 Ihe CIO retained OTbership. In 8•ttinq 8nd rnVIe%rtg •m Ind 4LNtilio•, the 8oard has gN•n ur•lul tg the dwrity ¢offlwiswn' guidance on banefrt. A•¥01Ctl1M-a¢hI¥¢rn•n and p•rfoM•nc• There wa¥ I r•¥id•nt irn 2024125: Igljww the deh of • ffwh¥ont •nd •noth•r wdènt thooling to mov• lo downsiiirs flat. Expendituro M major rk> jmounled lo £142.399 (January 2023- Uarch 2024 . £115.54ei. TkHi Induded refurbishmeni prctects of 2 fl8ts.The $11111¢n ol sdar pand5 at wtal tones, for %hid) 4 50% ornni WAÈ r•tiv•d Irom Low ca0 DorA•t, has ¢w¥h. A futhr E24.767 lJ•nu•ry 202> M•rch 2024- £30,501) $pint on routlne mainl8nsnc• far this perk)d. Flnn¢l•l rnth•w- a#•s•rn•nt of how lh¢ ¢h•rtty l• •¢hl•vlno valu&lwmon•y The Trusieeg consider economy. effuercy effediweness In delNerw4 Ihe charws obJ•cw•s ai operalpJTro1 •nd Girat89ic levels They meet r•gulaTly lo reviewihe n•1 bud9et and a9TEe eypendituTe TY ain to balanca thè le¥•1 uf mairtenance and updating a policy of c4r¢lul bu1919 8nd ¥8lue IDr monBy. Aa 8hNn in note 14. to01 In¢ome w3¥ £360.202 Bri5iry from Incgme from &entI. dOna1k) and gratttk and the amoritIc of Ihe soci•l housing grwnl12024 61.622>.drn1n coslJ are also shu4vn •nd £292.82012024 £257.1> h•y3 W•atth ¢Ominue$ to wn th¢ iiivesimerrt r•wl lo • r4¥uL•T h¥i¥. The mar of the pcrtfolio of Inva4trnènls w81 £971.623 31 M•rth 2025 pared th £9SS.397 * 31 March 2024. Incorne ansing on InvaiLry7enM w4$ £27,e62. ¢ornp8r•d wth £18,748 In Ihe fin•Thc481 y¢¥r. Bank Inl•r8st reviv¥bknw•¥ £13,SJI 12D2> 2024- £7.5451. Afler deducting Intereal payablè on th• hou*ng loan of £5,614 I£S.681 in 202> 2D241. suWu¥ for lh• yyjar w41 £103,141 (£25,079 w 20- 20241, bui £2,934 g•ins on Ihe reUl1)n cl invostrnents resuh•4 in t¢t•l ¢omprèhen¥iv• ¢ome of £106,0751202>2024 £81,552) the year. Totsi res¢rw•s •131 Marth 2025 stand a1£1,557.309131 March 2024- £1,45t.2341.
DORCHESTER ALMSHOUSES TRUSTEES. REPORT II•Aat¥w pollGy It is Ihe polityolthe thanty lo Ie rB8eNe% at • $ufveni to" . Provid8 a design8ted opÈraiing rtteTh. 4r contryerKy fu1. at • W to W¥le ¥JlfrtYrt lo ensure Ihe funlnI of the charity and to cover anrypBted costs in Ihe io metbum leTrn. This kvel is entrety 81 Ihe ¢5ueiicffj of the trustees and 1$ rrenty ¥el al £78,CQD. wres8n11 SOX of hnnud Adnw¥strab¥e expendittire (y 6 rnorh$ deIoY expenditure, exduding rteprecjation and rn•(Kwtrs •nd indujed J5 J desnled reseT¥e the Income and 2xpenitilure ¥eserrfÈ. . Ensurethe propw knctionh9 01 Ihe canty over Ihè mÈdux iemi arnl tomeel lon9 term Lweded . Prow(k s14blty forlht charty in the l)ng leTh Sure finJnryJlxkncy . Provide furKling to undertake and comrkne rtpaw or refuthshmenl of Ihe rffjh>J8e& Th¢1g%1 olthb ltned re•ery4 or EraOrdIn0ry Rtpakn Fund 16 al the disu•lion olthe InNtevs cwrentyslandi at £S0.Cth. . Expgnd CL¥feni stNices and faullies long lern. . GenBfwl8 suffici•nl coprt r09•rves Icthe purth&se of propertyto rydace l&dd 2Wn. ¥ 8 sl8e r¢F4g¢wwit prOty fil for purpose. bec4rne 8vwlablevknth ¢cd be cons+dÈr¢d by ts Tru51ee Board. . The IrvsT¢¢fy m•y Irwe$t 8ny 01lTr r•ryes bsled a8 lor•J 58 rawces •re wal•t4e n Ihe short to tern llrnqud. The freehokl wopertie8 8re 8hM on Ihe b8r¢ SW ot Vjvw deemed c051. The recst[ln cost for )SUf•rK¢ purposes In June 2017 £3.161.126. The Iruslee6 h8ve discus Ih b2¥1 d rexw¥ti held DÈnei•ltyftAlowiry the $8kry in 2007 of Chubb5 %Irth c¢ynpdsed four t¢ds1ts wthich wwe used as In Ihe fwthernnce of the cantys obje¢tSv•4. The Twstees SOLwhl wofessional a(Jwce Irom a kx¥l ogeni 3dvised tbal 8 ferAgcemenl prr4)arty fil for purpo$e. iThJLwJirg con¥ersion Costs. cos in the reqiw of £650,0. The of this de&gnad reserve ts entyrdy li tho di5crelion of the INsS and oJrrènfiy Stands * £654.fj. 4ndwled tho iftccffjx expthIÈ i&&érvÈ Sce the year end. the Trusiee$ have reWd re8¢r¥es and wii sth w new re$e$ its rrfwdts fLTrJirg fry larger maintenan Items tynd otalfvu ros11le. The latterof wl •lw indyde at) •moL¥Y lo ¢over rolaled buikjing co81s. StrlU1•, goV•rn¢9 nd fflaM••m• Dor¢hesleT MIU$e$ ltharty 11670831. 16 a Charit8t4e IKowftle(I t>ginr&Jlion ICIOI, rellijtered btth the Chènty commis& ind IM¢ Rtwlaior of SIX Housry. The charity 1$ a rnertknr ofthe Mousiry OmbJd%m Service atxl The Alrn8house Association. The affairs of the chtnty •r¢ qo¥wwi ty * Ch•rny Fn3On Mc#)el Conubjti d•led > December 2015 8nd amended th 20 Marth 2020. The ¢rustee5 01 the fomr chwity, WltsttTh & NapFW8 AtyMhoLwes lthotynumb¢r 2013871. krTr Dor¢hesi¢r fvluniop81 Ch•rlies. considered th• ri&%5 ofcofflwrvJ to the chanty as I Chartswe Ttys¢ and tODk It do0s1th lo convert t legal 8talu8 of th8 ch¥rty lo J CIO. vAith IhB lrymlees conwderEd ihe rrrfjsl wtsble SInlUre thé tharrfy. They loc the opp¢)rtwityiO ¢an9e fv nan at Ihe 6wne lo beiler the natwe of tha charity. Ttte chafrty's pwmfynenl end¢wTheni wopefy be héld upon ihe ierms of the Origi1 trLtsIs.
DORCHESTER ALMSHOUSES
TRUSTEES. REPORT
Dorchesler Akn5house5 WBS fi1 cwsblute(I vb 2019 arnl bxame in Awjl 2022 after Ihe ette£Ye date
of the Iransler of assets and labibtEs lo the new rjiarity ai midnl on 33 Uarch 2022. The merger Df DDrthester
MunIryp thrtIeS Dryche5ter mhrAMeS was CoMe ljler unr0r0ted thwrty deregrslertd
by the Chanty c1mmiOn.
The governiry brxly 1$ go•r¥ of Tru5tet¥. The bijstees Jre Ihe crty MeThI) of the CIO and Iheir Pf+VS we
Intluded wllhln the CStUl10n. The eowd ol Tntsiees nlymdty tYeis 4 twnes a 8r operates through the
General JAanaqer and Cl•rk io the Twstee5. LI)ertakeS day 10 day m•aenN%m of the charity 8nd its 8tsff
team as necessary.
The chanty Is run ty the TNslee 8oard %ich consists ot.
4 0 mminum of 4 and • maxirnLYn of 11 appoYed Im51ees. fty a Friod of 3 yEar5 artd arè lib far
roqppointrnont. AWted IfLrylee8 we recrurted according lo the ¢xwrenl Tn Recritmwt and IndwtiLMI Pd
& Procedures.
. a mairnLMn of 2 TO Councl ncwated Inwte•s 8eN8 tor a rnaxwrthi ol S y.
The T$t•& 808rf have approvtd a of dewions %%ebY Chaira ak)ngside
Chalmian of Tru8iee8 r(xm a M&3et# Tèam Ttw VTh Chpimn Jew4r•ie WDrkiy Grow)$ OfItee5
In Propety Wemare. 10 wfvch I Chnan has an imiiLqtson. A NaA)efs Development Grow hats te
LYEsied to menage Ihe buld of Ihe rth N8pper5 devdotvnerf. Irustees rnBy •IIEnd WDTking Grow
rneelinB Iflhty so vAsh. with aty••m•nl Dlth• 9roup'¥ Chw.
No truslees havt rec•fved ary rèmweratsthry, payThents crf benefrt8 trom the CK) ¢JwvJ ihe fina131 year Wl 2024
-march 2025.
The M8yor of tkjrchesler ia ex-officio en Wtmter Lrf the Ch), hilhotsl rwjhts. in rttogniion of
hi8l¢ncal rel8knshp befvw Chofity ond Dvthster.
The CIO hos idopied the Nab'on4 F•d•ron c• ol GO¥•M 2020 Ul1$1 th•1 il COMle
Ith tl spirti of the c4de •nd wmopl¢s ••1 wi rt. 4Th1 lh$ annu•
H+0r. tha Code $t81eB ihal exh trustee B MaXyb l*yn Y& nc
DORCHESTERALM5HOUSES TRUSTEES, AEPORT Va(ve lormon¢y The reI810r for Soc481 Housiry IRSHI isswd a Vaue Mcrfy StaTrJ8rd Awl 2018. Tris Introduced requirernent lor registered prov40eB of soc1 10 put4,sh perfOrE rnetrics 4amsr th•r ovm Vae for iaryei& tseven ctsmrntsn metr4 kn taOure rtrformanry acmssthe sedor. Theseven metiics are as lo11cvwblh comrnentaryto eXaIn aryvarlations: V•k Porlkn•y M•tr Relnve5tment 2025 2024 52% 65% SUPFty (Soryal Housmg Unrt51 % New 5WFly (Non-1 HJJsry UnitJl % Geartnq % ET0 MRI Ini¢iv5tCover % 2b 0% 252% Heodline Souol Houiing Cvs1 £ Opernbng housty l•Mvyl % operan? Marwn i¢knr•ll Return Dn Cryrt•l Enknd % 12.S56 34% 10,801 296 4% Commenlory.. The hve#lmenl proper8 The Increa 18 dueto wnhlcl inwajlrnenl In re1Whlry flath. 2a&b. Tht ntsnber of rth soual ThJ rnnv$•1 hou8wvJ thwded eouoty ty ts total units. The h•$ been no deveopm¢nl of hew 10ry41 or non-50rial hoLbWn9 nor any atyJui$ib'on6 in the wriDd. Thv rKI dbl •1 A rtrI90 DI tre totjl of kxopwttos- ush oquNaknt5 exceeded d¢bl In Ihe pertod The Ie1 oener•led compaRO to the tteil payal4tr BUu$ hier than IBBt yeer. SoD"al hwsiry costs LIMded tytc4d th18 CA¥ne& rrw rep•rs Ewenthlufe Iris yT¥. Iv8tsng s&1 IdefKitI from will lth'rys dmdtd by lumo¥erfrrffj sodal hous91t1r4I• Jhr thia year ating suWufJ Idefroll o¥er81 (fivkled by o¥er81 ithnwr- larger &fil this )ar 4r hvJher bJmo¥er .ifiduéin9 grani of £100.OLKJ-reNthiry fft a 9% compared 10 2% bsi year. Compapism of Ihe o¥Éral operafvw $LW5 11(kfi(ill 10 toial assets k5s (rrent liabHmes.Higher SulUS this year against larye as*t Wa slAtS in 2% maryin.
DORCHESTERALMSHOUSES TRUSTEES. REPORT Statement DITrusi,$ re$ponsitythies The trwtees respotM Kry8r#J thE Inwlees. fEpNI wY Ihe finarK4 statertI in aCcordce wth the United Kingdom AteA)unrn9 sraThl¥ds Iuniled Kirydom Gerteraty Accwed Actounbrq Prathcel and apirAble 14 aThJ TegulaiionJ. The la¥ awliGqbLry lo th4rits5 rwuires Irwt•es to kwepwe fin8nual Slatemem è•th finIA•1 p•r o true and fair of Ihe slate of elfws of the thanty and ol Ihe Ipplon ol resources of tharty lorlhal pericJ. In weparing th88¢ fin•wl Sththmenty. th¢ tywt•es I fquw¢d to. mgke judgents and b"m1th Ih•l •• irwj State at¥&cable acc" Itdl fdltyoJ. wble¢i lo •rYy m•teri•ldep•nwu di•ch)xd expl••d In #tmenty". and ptyre fv fift•r gl¥j corKern bgth 10 pre$fft Ihot thwityil crrti in bu&. The Iruslees are respOble for keepThJ prwer accow9 ret4rds thal dMdDSe %sh rè••MatrAe •taJraty 81 •ny lirne the financil positian DI Ihe thanty and enjble Ihern 10 enjure Ih•l fv fm8ncJal swtemenis comF4y Wlh the Ch8nliea Act 2011 Ihe applKatyk Cho1rtS IA¢¢ounis Reptytsi Re9¥(1. a1 prowl$ of the eon&trtuCfi. The Iru¥tv¥ 4l¥o re¥pon5tAe for e9u09 the ol Ihe th•nty henr lor iakir re4sonat4¢ lor the yev¢nbM of lrnuj 4rKJ Iw11. The onnugl repm w•$ 8wo¥ed ty the bwl•M ottr* th•rlty M.
igned M rt8 8bY..
.rtK-e E Renn*. Ch•irm•n T Loasby-knce TN5tee
DORCHESTERALMSHOIJSES INDEPENDENT EXAMINER'5REPORTTO THETRUStEES OFDORCHESTERALMSHOUSES I report lo tre tru8lees on rny examnauw ofthe actounis ol(IrKrlwleTNmSlSeS fthe 31 Marth 2025. A8 the charrty Irusleeg ol Cknchesler YCW aTe respthwible Ic the kYep4M of aCcon in &ccordanc wlh the Newitewnts of the Chanbes Ad 2011 (Iho Adl. I feporn In reiyci of of tr Dorthtstu thshwts, (Art uthr te¢1K 145 of 2011 Aci And In canwkvJ tyty eXamIlIan I hal fOltr Drethon& gNen by the Charny Ctyxmwion under sec¢im 1451511bl ¢1 Ihe A¢t Ind•p•nd•nt •xamInl •tthm•rt Sinct Dorchester wNmshouse8's gross Inccme exeeeded £250.000 yOurexamerIW$t be B TrX1eroI a bodylnted in jectn 145 of the 2011 Act. I Confi Ihat I ¢Thfied to undertake ewnatsoTr becwse l am a member of the ICAEW is ana of ihe hAlad bothei. I have ¢ompl8iod Thy eA8mina¢i¢)n. l ts)nfirffl that no m>ttw8 have ctyfre Io my allerfcrt) In C01 %sith the exaMOn giwng me ck¥• be that th any maienal rewect.. 1 accmikng records noi kipt in resFetl ol Dre1rAIm5hCIé ty ie(lM 130 91 Ihe Act.. 2 Ihv accwnts dD not •r%ryd wilh Ihooe recrfftls.. or 3 the accoums do not COM with Ihe aeuunw requirements ewra the forn content of •¢¢ounts sd oul In the ch•ni3 IA¢c(wi$ 8nd Repwisl Re98on¥ 2008 clher than any requirement that the icc¢yJM$ • irue I• rKrt i maller c4n$ as part of an indeFeThJent I ha no concerm aTrJ have Cne arms6 rKJ ither rnatter5 n conner11% ith the exaMn&t lo Which 8ttentin should be dr¥+%n in Ih's report in oryler lo enab i rerjdig of tr* ar1& to be reached. S J Hough FCA Edvds and Keen9 ULI ChartBrel AOnnIS Unlty Chambers 34 Plgh E¥51 SlrErf Ooichester. Dor8et DT1 1HA
DORCHESTER ALMSHOUSES STATEMENT OF FINANaAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 fwid¥ Totsl 2025 Totsl 2024 In¢oM• from.. Charl(8e aclriqies DonatrS and granl In¥estrnent incom• 234.120 7,933 41.373 234.120 126.082 41,373 203,68 57,934 26,293 118.149 Tolol 283.426 118.149 401.575 287,916 Expendltur• on: Charrta14e qcti¥rtie5 198.434 1ts),L 296,434 262.837 Tolal expeThdilur• 1198.4341 1298.4341 1262.8371 Gain03505) on io 15 2.934 18.149 2,934 56.473 Tw•lr bd%4wn fwds 118.1491 Icfj.DYs 106.07S 81.552 ftV)¥m8M in 106.075 1C6.075 81,552 R•¢oncllatlon oltund Tc481 fund$ broughl lorfftrd 1.401.234 1.507.309 1.451.234 1.S57.309 1.369.682 1,451,234 15 The funos brÈakdown for 2D24 Is w) nDt* 15.
tX)RCHESTER ALMSHOUSES (REGISTRATION NUMBER.. 11870631 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Flx•d aM•ts Tangib 888els In¥esknents 248.815 971623 1,220.438 223.559 955,397 1.178.956 10 Curr•nt •M•t DebiorA 15.835 $60,479 576,114 1.848 CoBh at b1 •nO In h•r¥J 507.191 509.039 Ct•dltor•'. Afflourrt• flllng du• wthln on•Yr 12 132.2111 121.0531 N•t ¢ury•nt •M•t• 543.9 487,988 To¢•1 us•t• ¢uTh•nt Il•bllttkn• 1,764,341 1,666,942 Cr•dhorn'. Amovrt• hlllng du• ts m¢>rn on• ymr 13 1207.0321 1215.7081 1 557.309 1,451,234 Fund• of th• elMrfty: •trlctsd Incom• fvnd• Restnced fuThls un1rf¢¢ffld In¢¢)m• lun Unresthcted lun¢8 1.$07.309 1.401.234 Totsl funth 15 1.557.3( 1.451,234 The 8tstemems on pages 8 10 19 *re w0d by Iho trusteeB. aTrJ authcfflsed fL¥ 188W and svJwl on Iheir behamty". M E Rennie-Ch8im Trusiee T Loasby-VKe Chairnan Tntse -10.
DORCHESTER ALMSHOUSES NOTES TO THE FNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Jthtèmnt of eoMpltan¢• Dorchester mShOU$$ a rtsritabki incwpor8t•J orgarwsation w8tered IhÈ Ch?nty CmmY10 under 8 CIO- Fowdation 19 Decerrthr 2Q19, ornende¢l on 20 March 2020, 8 member of the Naiion31 Associthon of JJm$house$ ond a Pfwe wstered promder of #oual hory In the UK. The addresB ol r8gislered office given In ihe legal and sthninislrative Inforti section on page 1. The nature of th8 tha1lS operd118 and ntspal are 10 pde ¥G(wmodalion fDr indewthl pewN, ilh firkqnci81 andlor hwsing supprxi ds. Ive in Dorth¢sl¢r or Dcrtgel. The fmanual statements hève t•n prepared in accord ilh the second edth.on of thÈ Chontsés S18temenl of Recommended Prathice ts8uad In Odcthr 2019. Ihe Frnm•l Rewffbry St8ThJ•rd akwlAt4B in Ihe Uniied KinodDm 4ThY Republic ol Irdand IFRS 1021 and Ihe Chanbes Act 2011. B•¥l• ol w•p•r•tSpn Dorche51er rnshouse5 meBts the defiThlioTr of a beneffi entity Ijer FRS102. The 8ccounis lfin8nry•l 5tstemenls1 ha been prepared uTrlor lh8 cosl convenbw wilh items rncogThsed at fXJ81 or Irbn&8Lti VBlue unle88 Olhew88 slated In the r¥ant nolelsl tu Ihe¥e ac1$. PrevKws JCMUnts wrre Prepa under the 80RP lor houjirg wtsvklers There are no Irw¥•"on81 rn•tterJ or 4djustrneNs re•JDrvJ from chary ol bA818 from Hou$iny SORP la thnly SORP ac¢ouTrts orè In È Ststffiffj. emPtic from prnyring • cuh fl¢>w st•lom• The chty Opted lo adopt Blet11 1 publAhed on 2 Febru¥y 2016 and have ther•fLYe nol induded a caBh ft¢Th¥ 8tslerTrJrt in IhtJe fin¢81 èlaleThnts. Going cvnG¢vn The IruslEeJ Ouder Ihal tht ar& no rnerf nLrtkn L•Wi •t4Nty to c(ffitinu• •B • gr¥I concem. Incom• and •ndowm•Trts Voluntsry IntrA)me induding donauony. 9ffts. legK arKI grants that core fijnding LY are of a general nature i¥ recogrised then the thority hos ertIlent lo Inc. rt Is prcljable ihal Lhe incorne wil te received and the omounl Gan be rreasuwJ th relabibty.
DORGHESTER ALMSHOUSES NOTE5 TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2026 R&v•nu• rK09nl0 Tumo¥er GDTnpnse$ resiaertb cryrtrAJtiws. incrme from alhergeNees wpt4ied aThJ re¥t wants and donation recewab kn Ihe yrmjd. tt aho YJudÈs am¢Ytéd of raprtal grants re8 dudrvJ the krrwjd. GrnMent grwrt¥ Granls receiwed as con1ntb8 twos caprtal ¢(ts of a stherne are recrqnwl 8t the f•ir ol a88el TceiYed or ret&vable usin9 the ttNal$ rncéd. The differertts behveen VE4ue of Ihe a85et and ¢sKIe[atin is recogni%d aj a Iillbthty and arnrrised over the USefr ecwwic kle of the a55el. TNS arnortisati 18 recogrd tormver. Inw•tm•nt Incom• Oivhlend$ 4re re¢trJnl$el once tre dfvbknj been ded8red and nobfficakn h8$ b•en re¥¢1 ot the (lut. EXndIt4 All expendilure 18 recognised once te IB a W or obhgabLm to thal expen4lrtLw•, rt i¥ w•ble selllemeni 18 requirEd JThJ th? JmvuTrl cw be me8SLUEd Tetwbty. An C18 are knied lo fv aPicable e4)endiiure h¢athno that 89otQ9ate &rTrlar lo that calawy. Whw• cots t• direc 8ttr1trtd to heAdiws Iw have been 8ifocaled on 8 b85B Cen91nI Wlh the w¢xKrei. ltr) ¢ertr•l $¢•ff ¢o&ts aloclied on the ba555 01 liTh spenl, 8nd depreo8Don chaigei aloc4ied portion d th¢ ••s•t'• use ljher SUPPDrt C0518 •ll¢c4ted based on Ihe yp•d of ti. CharltAbl• •¢¥vllb•• Ch8rtsble expthidiiwe Crynpnses those ¢osls iurred by Ire dwrly ddiwy of iti actiyrtiu Berwces lor its t4nefiaanes. 11 IdeS boih ¢05ts thc•i•d dNoLlly to thDae cosIB of an lThSlreL nalure nece8ury to support Ih¢m. Support CtI Support Costs indude centrd fun¢ln$ )rO hjve been olocbted to Bctmty cost cale90rS a b8518 consiBlern with the uae of Ots, for example, loctirg wopety co&ls by Sloor areas, Fer staff ¢osts by the brr 8pEnl Jnd other crots bytThe¥ uswe. Gov•vn•nM ¢o¥¢¥ These indude the ¢tystS ottribLA•bl 10 IM rJwity'6 ¢MNUbonl and Ststutory ro4uYements. in¢ludir4 audit, strateg mon8gem¢ni •nd Irwt•e•' meetvy •nd wrnbwsed eMper15e&
DORCHESTER ALMSHOUSES NOTES TO THE FINANCIAL STATEIIENTS FOR THE YEAR ENDED 31 MARCH 202S T4x4tipn The chaThty is considerEé to pass the lest5 set wl PJra9raph 1 6 dthe Fante Ad 2(t10 and thefelDre Il rneets thè dÉfflnibOn ol a thafitaNÈ tmpanY10r UK twètson tax purp)ses. Attordingty. the (anty is Wentlaty exempt from t8X811ts1 hl respeci ot inC(we w capff319am5 recwvel Wtryn caieg¢yl85 covered ty Chaptv 3 Part 11 Df the CLYporation Tax Act 2010 w Seclion 256 01 Ihe Taxat ol Clwrgeable GaKs Ad 19¥2, to Ihp exlenl tho1 iu¢th iwme opplieAI exckffjwrf to chaniable wrp(rf¢•. T•wlbl• Ilx•¢ Irividual fixed 05set5 are rEcryded Jl wst. IBS5 5th5equenl •CAxwOled depreoabon and subsequtni B¢¢urnulaled Impairment kn55es. Try cost of assets IndL¥Jes direth •ffnbui¥ble Inuemenial tosts Incured in thelr ac9$1&0 and $t01011t. As8ets 4re revIed for Bny Ih•t De1 mty be Imp& •t ban¢# sh••t date. If inth.calc exi51$. the ret4)vÈratlÉ am[nI IB estimaa )Y compared lo ts c8nwng 8m¢xwll. Where the canwTrJ excveds 115 rerDverablE JrTh)wrt, Jn ry•rrwl lo5$ IS In Exp8ndlfft. Costs are caytalKged rf W re5utt n 4n inL¥ease Ihe nBI rerrtal inccm•. a fvIU MtlAt J signifinI e%t•non lo Ihe life ol Ihe pr. D•pr•citfion ind •Thortis•tlon Depreciabon is prDvided on laryJitlB 455e15 ¥0 OS th wtte off the rost w ¥viti. kn81 wy esbmaled re@1 ue. over their expeded useful economK Ife 8$ fdkws. D•pr•clKlon m•thod and rats Straight hre o¥Br SO ar5 SlravJhl line o¥er 4 years strghl 26 yt•r• Soc4& housin9 wcywfr'•s Office equipment Solar p8nel8 InYg¥trn¢nt¥ Flxed 88Sel Investrnent8. other Ihan pram investw49. are •0 81 market 41 the balan 8h&et dale. Realised gains I0eS on in¥e4nw4$ 8re c4oJ8led as the diftetence beN4Yen prDceed¥ pnd their markel value at ihe 5lyt ol the year. or their subseqLwI e051. we thtyfd or ¢red4ed io tho siaien*ni of Financijl AvrtIeS In the penoy of dwJo8al. Unreolsed gain$ and ksses represent the Mo1 in year and ryeknd ortharyed to the siaiejnent of Fin8tr ActNlies b8s•J the mwket ai year end. -13-
D(¢cHESTER ALPISHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Tr•d• d•btc Trade deblors arE r2cagni&ed at the trWCti pr. ThEy ol Jrn(xtised Mst usirg the effective interest meihod. kss PfOWSiCfi lor A wowwon fu the inp8im)eN of trade debiors is StsblhÈd %¥thÈn thtrè i& obj8eb% éden¢e thai the ¢ompary Ml be 10 ¢olled all amounts due actordini to Ihe original le5 Df the receivJulBS. Ciih and ca•h •gu11•n Ca$h tash equiv818nt8 ¢(ryri$e cosh w hw and ¢¥1 dekx)sii$. dher short.term hwy IIQUKI ¥8StMentS th818r8 readily 8 kThJ) amwni ol and we an Ir&9fyfit8rt nxk ol thange In value. Tr•dq tr•dltorn Trade cedito are r•coyriMd ir¥b¥ty 41 I Ir•rffjKbm subieqwty G051 using ihe effec irtwe¥t mdhod. BoffowlngA Inleresl-beonng bowownga are Iritkqty rec(d0 at tsir vabx, wt of rrThL£ffl cobt& INereat-beBnng borrowThJ8 ar• sub5equenty Carried al 0mort5ed cog1, ilh Ihe drf1erer• betswn the woceeds. of Iranmdion cosi$. wnd ihe ymounl due on recoankned as a )Iw9¢ W the Profrt aThY Loss Ac¢owt o¥er Ihe pwiod of tho rdw•ni borrulng. Int8re81 expena• w recogniied on b8sra cl Ihe eftectye interest meth(4 inded In Inlere5t pAyèt4e and 8irni1ar charges. Bor79 •re d8sJrfied as wrr¢rt Iiatylrt# th¢ ¢omp•ny h•$ •n un111081 Trght to ¢Jefer ¥ettthenl ol the liablily lor * leMI rnontrA after the rwts'rJ de. The fLkl costs of rterttt ariging cffl hokAthg bara ore JhMI In the 8tal•nert cl Incom. Fund •tructtw• Unreskncted irKome fiJThJs are gerlyal thal are avalable fcf we al Ihe (Isc%tscn inflwthuwce olthe objectives of the thortty. Regiricted income fvnds Ihu donated fw use a pwtKukr for 4EcifK purpoaej: use olwttich Is re8¢draed lo Ihat area or puwe.
DORCHESTER ALMSHOUSES NOTES TO THE FINANCLAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Le•¥¢¥ Rentals Dayatle apKI receivatle eo•rabTvJ 8589 wre dwged to ewerAes M 8 Straithl line basis over the period of Ibe lease. R88trictsd r•Mvw Reslrrled reserves Bre to be used lor 8peufic puryh)ses as by Ihe fLwxler or rtgull8lory body. ExpÈndttfft tyv direclty sel 89aillSt restrthd reserwtt Is iaken Ihrcwh the siaiemerrf of financial acti¥•ts. A Irantsler from rastnued re$eF¥e6 18 then made os •pryw. InGom• Unrn¥tvlct. •d fund¥ fund Tatil 2025 T¢iil 2024 IrKom• Irom ehar•bl• •¢tl¥Mkn.' Re5bJenls &tr¥j0nA 234.120 234.120 203.689 Incom• from don4kn• Ind y•nts: GMi$. In(la c8pftal gr#A.' Amcrtrded htyjsity N•pp¢i d8¥•1ent revenue grt (Dcnet Cwnall srPantI 9r#ni {0t Counts 7.933 7.934 IC<s.CD) 1tsJ.MO 50,WO 18.149 18.149 242.053 118.149 360,202 261,623 Rès¥Jenii ¢VAritrArtkn• l¥ rnt void 108w8 of £55 145 12024 £46.9471. Thv rwity yo¥ideg 27 unlts ol ho9. l thl is 8 81aff 111. •d funth R•¥trlct•d G•r*ral Tot•1 202S Total 2074 Iniereit receNatAe and Bimlar irKtyne". Interest on cash depo8ilS comefrom Isted Ywestr(vrt¥ 13.511 13.511 27.862 7.545 27.862 18.746 26.293 41.373 41.373 -Is-
OORCHESTER ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR TrIE YEAR ENDED 31 MARCH 2025 Expwltturn rh•thabl• •Cll¥ll ¢d Il•Mrl¢tsd Fund• Totri Total 2024 staff costs Council tsx 50.625 50.625 1.022 6.5 21.099 3.597 47.401 1.or2 1.274 Watftr ral•s Liqhl, h681 and pmr 8.636 21.099 6,061 15,678 3,82P 3.557 Moior work$- fiot reAJrbi¥hrneni 5.157 5.157 53.762 Major work5- N•pprfs 37.242 Ico.0 137.242 24.767 61.7e8 30.501 24.787 Tdeghone Ind f•x Prnlinq, posta9• •nd 6341 5,341 4.2S9 2.104 2.101 1.029 3.188 3.701 Z.5D6 Residents. support Sundry eynseB 683 3.198 2.453 3.704 2.855 Alwrll$iry Pf¢fe551onil fe•1 83 624 1.132 1.132 10.463 423 Instméni mai•gers preaatim of frvehold propthy 10.463 10,771 10.823 10.623 10.260 DEpre•ab'cn of Dffice eqlnent 418 558 AccotancY Te•5 LO thrn8t 4.680 2.560 5.681 5.614 5.614 198.434 11yJ.000 298.434 262,837 Go¥emdrt8 CO$tty kndude 1ndlndt •xamY•¢irm feos 01£4,68012024 £2.580j TpL•At••• r•mtsn•rnlitrn nd No tr88. n( per%¢N ti)rtted th•n. h9% Wby remunWl from the duriry th year. No trus¢ow hB¥fr recewed Foimbwaad ur olherbvmefts from thprily thE year. -15-
DORCHESTER ALMSHOUSES NOTES TO THE FTrJANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 The Jgwegaie p4yr¢ll ¢osi$ We 00 Ith". 2026 1024 Sl•ff ¢Nt¥ durlng lh• y•arw•r•: wag $al•ne6 SD.625 47.401 The monthty awrage numbèr of ptrsons 7Woyed by I thrnJ &r 6xpressÈd 88 lul Ime 135 hourn per wwkl equivaknls a5 fth.. 202S 2024 Ng Olfict 8taff (three port.ts'm• effesl ordryn l¢ne part.bme empbyeel No IMD)E rtved tMtskffn al rnue Ihan t80.rm the year Ind•p•nd•nl •x•n*w'• v•mun•r•tlon 2026 2024 Al 8erwcés 4,6ao 2,550 T•Jt•ilon T•nglbl• ftxed 4•¥•1s. othw $ol•r P•n•l• Whel¥tonp• OffiB• •qulpm•nl At 1 2024 5.126 Addiuons 36.297 36.297 Al 31 Morth 2025 S.126 O•weclatlo At l April 2024 Ch¥e forthe year At 31 March 2025 4708 418 363 5.126 At 31 Marth 2025 35.934 At 31 Marth 3024 418 -i?-
DORCHESTER ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2025 Tanglbl• Ilx•d atsmts. houskng Houskng prop•rtl forhltlv Cot At 1 Aprfl 2024 At 31 Marth 2025 512.986 512.98fj Ai 1 Aprtl 20Z4 Chargq f¢r the year Al 31 M8rth 2025 2eg.645 10.260 0.105 N•t book v•lu• J1 Marth 2025 212.881 Al 31 Marf 2024 t23.141 IndJded wlNn the nat book ot WYJ •Th1 bu1n •bove LI £212.881 12024 £223.1411 respect of freehold land arKI bulJirvJs. The MhOUS# ¢J• b•ck 10 ts 17th cer4wry Ind indop•ndenfy in 1979 IrK incJu• in Ih? InIS. nD hislonc cost ieiThJ a¥•ble. ThK8 ¥th81ion the cost of subsequent c•M•l mprovefferd$ %* reeognl8ed al a deemÈd coli or> the to FRS 102.
DORCHESTER ALMSHI)USES NDTE8 TO THE FINANCIAL STATEMEPs FOR THE YEAR ENDED J1 MARCH 2025 10 Inv••tmonl• Listed Inve•t. fnents Non4urnl lin•nci•l •ssets Ct A8 811 Awl 2ff24 RevaluJboTh 955,397 2,461 47.475 t2.997 Mo•nt In th"qukYtyfu DIsp05als As al 31 March 2025 146.7071 971.623 Canylng •rnount AS 8131 Mwch 2025 971.623 A6 bl 31 MBv¢h 2024 966,397 lrnv••tnrti are UK lied Flir v•lue ki ddembined ty rel¥enc to the quole•J f¢y ossets n in acts"¥e morke¢ al Ihe b81( ihod d•iv. The tt p ol the lo1 ine91ft* W 8tlhe 31 M•r¢h 2025 is £918,019 {2024 £915.5321 11 2025 2Q24 Trade Llebl( Propayments Otr deblor$ 2.089 1,249 599 13.476 15,635 1,848 12 ditorn.. •m¢xmts f•lllng within yr•r Zozs 2D24 8ank Iw- cuff¢nt Inst21mentdue on boun9 h)an Tmde cfeditor5 743 15,207 7,933 3.689 Defe inc0- $o¢rdl hou¥ty gr other laxatsw arO ¥oci415Kurity arnt defetyed inCL¥ 7.933 1.814 6.949 8,328 32,211 21.053
DORCHESTER ALmSHCSEs NOTES TO THE FINANCIAL STATEMEiirs FOR THE YEAR ENDED 31 AIARCH 2026 13 Crndorn.' du•aft•r on yg•r 2025 2024 H$9 k)an due 1.2 Hous9 IDan due 24 Housoig loa dL Syrs Swa want 743 3,074 46,470 156,662 207,032 2.785 47.605 164,595 215,708 14 S¢cl•l Hou¥in9 opt9 Re¥ull 2025 2Q25 2024 2024 come Rel¢nI9 INcl• Zl DDnotJrn 4nd 9Trnls (Ncle 21 bled $ou•l gr•nts (Nrfe 21 234.120 118,149 7.933 203.689 so.fr)o 7.933 L•M'. 4dmbn co•ts INol• 41 ExthJd• finance cost> b•n inw••l (29EI,4341 5.014 [262.7) 5.681 1292.8201 67.382 1257,1561 4,46b Hrxmry Op•ring
DORCHESTER ALMSHOUSES NOTES TO THE FINANCiAL 5TATEMEPTrJ FOR THE YeR ENDEO 31 hlARCH 2026 RM•rw¥ Othev l Apvll 2024 •xp•Tr1•d Unre51ncd reser¥es 1.401234 283.426 1198.4341 159.8511 78.IXKI 18.t49 2.9J4 1.429.3r 78.0 1.507.309 1.4Q1.234 283 426 1198.4)41 2.934 NBpwrf5 0•nl FuThJ Whei8knMS Soki pa18 nt Extraordinary Rw•irR85w% Fwd 1cI).arA> 11CQ.WOI 18 149 118 1491 50.0 S0.OCrfJ 118.1491 Total 1.451,234 401.S75 1298,434} 2,931 1.557.301 B•lth¢• •t 31 Il•r¢h 2024 2023 UnrestrLtrad ie5er¥e5 1,308,177 237.918 1201.3321 56,473 1,401,234 R*•trfct•d Nappei's EWEien1 Fund Ex1rtthirwy Repar Reserve FLWVJ 11.505 161.9)51 50.DQO 61.9)5 161.9)Sl 1.369.6&2 287.916 1252.83n 56.473 1.451.234
DCMCHESTER ALMSMOUSES NOTES TO THE FINANCIAL STATEIAENTS FOR THE YEAR ENDED 31 MARCH 2026 The specthc purw8es thich are lo te a510k¥.. The income ar expendibJre Teserye represents rJJrnLlalNt 5wFknes and ¢JefK nBt of trawfern and Diher The Nop$ developrnenl re&trK#ed refeds 9rnl% rttNed nwi tlY be applied the rnshovx de¥eloFffjent costs. The exlraordhary Par r2serve Is a $tterf r8serve Vired jÈr ihe tharrty SCI lo be aside out of income to provide lor fvrtwe extr•or(linory rep. Yryo¥emetrK rx thUln9 of the aknjhows telowing to I dwrily. The IUnt lo be set •wd¢ li •t tr ofth¢ tyust••K 10 Anaty•l• of Mt a•••ts l¥•tw•w Iwd• Total Ivnd• •t 31 M•reh 2024 Unr••tri •d knd¥ RMtri¢t•d fund¥ Tqr4ibkn fix as95 Fixed osjd inve51menl• 248.815 248.815 971,623 576.114 P2.2111 IZ07.0321 71,623 526.114 132.2111 207.0321 CLYreni BsJet$ cl1 habthte8 ¢r•dttorn ow l >ar Total n•t 8$MI$ 1.507.309 1,557.309 t7 R•l•t•J p•rty tr¥Metlam• Thwe re no ielaied pffj tranctIonS Ihe year. fve Irusiees are 1 aLAW CunauCrt as stated the Report ol the Board, any tr$8¢1 behen ianty aThJ ¢h)8e lo¢al LAhe$ 8re at lerylh. c nNrnal commercial ierms •TrJ tW51ees Connol u¥• Ihey lo Ihew B(fv8ntage.