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 Fina￿la1 ACtN￿e8 8alJnce $￿et 10 NotB5 to IhB FinarK?41 StJt4Jrnvr 111022 L)ORCHESTERALMSHOUSES TRUSTEES AND ADMINisfAATIVE DETAILS Tru*ts88 offlcers The Irusiee5 gnd offKers serwr¥J during th•>Tarw￿ S￿ yww¥J as folm." N gundy- Trea￿tr S Hosfty F Kenl-Ledger S G06S J Hewit Cllr R 8￿9¥ J Chr￿lma%-vl¢* Ch*m GeThJrnl Mana9er aTrd Cknk lo ihe Iruslees.. FsD•nrJal Clerk S WoTrJ •f•r•nu Ind Admlnlstrntfv• O•tyl Ghgdty Reg4?Ir4i￿n Nyrter.. 1187 OffK¥". West w￿k¥ Dryset OTI IAW IndepBrylenl Ex4mln¢r". 8JHwhFCA E¢Jwards and Keewr¥J LMr*ed Charttted Acc￿1￿%$ Unly Ch•rrts5 34 HNJh E8$1 Street DT1 1HA DORCHESTER ALAISHOUSES TRUSTEES, fiEPORT The Trus18es ol Dorche8ter Akn8house8 preseffl rtpm and unathiied fManc1￿ st*eft*nts for Ihe yew L*d 31st March, 2025. The Truslees have 8dopt8d Ihe prow*cn$ of the Ststernent d Recommended Pr8ctir* ISORPI "Atr￿￿1￿ and RepDfiing by Chartbes" IFRS 102) in preparY¥J the annual reFth and f￿anUal itaiemeffti8 of Ihe Chariy. This is th2 treatment rMur8d by It* Houww SORP 2018 faTWOteTed soryal Wi)rds 8re atso ￿Msh￿jSets. The finonoBI stolernenls have been piepared in *ilh Ihe accounbry p￿e9 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 apphc*4ein the UK and R*m*lIG￿ IrEland. Obl•ctlv•• and •ctl¥itiv IDI pub%G I￿￿•fil Dorchester AJm$hou8èA i8 an amalgwthltion of 3 4m8hw8e rjwthes. C￿￿0. Wh8tslore 8ryd Nippeli Akn$house5. founded in the egrfy 1nh lo wwde •w)mmtyJwbm fty the ddetty. potr and neety of Oorchesler. The objects of tknrcht$ter are the rthl cl fjnDrKid hwdship by the prowyLr d sooal hou8ing in ihe foftTJ Df ￿MShOu￿e acccrnmodalion and A￿119ry equwient. *)d [￿l•n￿4 few akwr50n5 Ilom Ihe lJ8s d benefirJane& VarAnc*s •re f*d Ir* clas$ of ber￿fici￿￿5 b•'ThJ people In fingncial hgr09hip who &re ha￿18•1$ of Ihè 10sYn ol Dixd*Jier or eL4ethere ￿ IhB ol DoTsel. Tru*ees' pc4Gy is lo deliver Th?8e 04ects by me8M of 8 h8￿￿￿10￿% 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 ahr￿hr￿S we overseen by ¥ ReB#ler4 Wardtr). Re$ld•nti eonrribute I￿ardS Ihe overal cosls of Ihe ¢h8ty ￿ I￿￿e contnbuliws ire e8th year in line guhlJnEe from tho ReguL•lor of Sw81 Thew art swh Ih•i ovrall w• b￿0￿¢1￿. DORCHESTER ALMSHOUSES TrU8TEES' REPORT Tho Char￿ fonn¢rfy *y￿e￿ a yopeity as Chubb5, *thich ccfftpnsth1 4 bedsrts as aco)mmod*ion In th• furthetance Df the thwty5 L*Jject4ves. The prom. was sold because rt dKJ me& TBlevant regulations 81 the lime and has not beeft replaced. Since that lime. tha TfU$i¢¢S h4￿ b••n wathry l*v 8 stsitable repl&r*menl cyponunty to arl$È and look the deu$1￿ to investigate th¢ de%ekyn¢nt of Na￿5 ¥le. They have 8wlied for and r8ceived 8 grant8 Irorn Dor¥•l CouTr•l Ifgrn•th Wmt Dors•l t)mIn￿ Counuti Ily￿d& IwsWIty 51uty desi9n up to SUtrfnB5ion of planning applic4iion. continued in 20242V25. The charty 5￿Mitted 8 fomial planning apphration In earty ?OZ2, 8pproved on 28 M•rrh 2025. a penod of due to ￿5￿85 ol nutr*rtt neutrvlty which Dffected rnany nvtv developments in Dorset. The tru51e¥s made the thc4*0r lo lease ¥ac8ni fiats ￿ N•pF¢FS H￿jge lo Dofael counc￿ to 8¥oH8 the property S￿1 va¢anl wor lo Llemollion, to prty￿e 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* ¢y￿rit ye•r fry iocth ors I￿ mBJoiity of landbjrd regponsibililies whil31 Ihe CIO retained O*Tbership. In 8•ttinq 8nd rnVIe%￿rtg •m* Ind 4L*Ntilio•, the 8oard has gN•n ur•lul tg the dwrity ¢offlwiswn' guidance on banefrt. A•¥￿01￿Ct￿l￿1M-a¢hI*¥¢rn•n￿ and p•rfoM•nc• There wa¥ I r•¥id•nt irn 2024125: Igljww the de*h 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 ￿$1￿1111¢n ol sdar pand5 at wt*al tones, for %*hid) 4 50% ornni WAÈ r•t*iv•d Irom Low ca￿0￿ DorA•t, has ¢w¥h￿￿. A futhr E24.767 lJ•nu•ry 202> M•rch 2024- £30,501) $pint on routlne mainl8nsnc• far this perk)d. Fln*n¢l•l rnth•w- a#*•s•rn•nt of how lh¢ ¢h•rtty l• •¢hl•vlno valu&lwmon•y The Trusieeg consider economy. effuercy effediweness In delNerw4 Ihe charws obJ•cw•s ai operalpJTro1 •nd Girat89ic levels They meet r•gulaTly lo reviewihe ￿n￿•1 bud9et and a9TEe eypendituTe T￿Y ain to balanca thè le¥•1 uf mairtenance and updating a policy of c4r¢lul bu19￿1￿9 8nd ¥8lue IDr monBy. Aa 8hNn in note 14. to*01 In¢ome w3¥ £360.202 Bri5iry from Incgme from ￿&￿entI. dOna1k)￿ and gratttk and the amori￿￿tIc￿ of Ihe soci•l housing grwnl12024 ￿61.622>.￿drn1n coslJ are also shu4vn •nd £292.82012024 £257.1￿> h•￿￿y3 W•atth ¢Ominue$ 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 re￿Ul1￿)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 I￿e rB8eNe% at • $ufveni to" . Provid8 a design8ted opÈraiing rtteTh*. 4r contryerKy fu￿1. at • W to W￿¥le ¥JlfrtYrt lo ensure Ihe fun￿l￿nI￿ of the charity and to cover an￿rypBted costs in Ihe io metbum leTrn. This kvel is entrety 81 Ihe ¢*5ueiicffj of the trustees and 1$ ￿rrenty ¥el al £78,CQD. wres8n11￿ SOX of hnnud Adnw¥strab¥e expendittire (y 6 rnor*h$ de￿I￿o￿Y expenditure, exduding rteprecjation and rn•(Kwtr*s •nd indujed J5 J des￿n￿led reseT¥e the Income and 2xpenitilure ¥eserrfÈ. . Ensurethe propw knctionh9 01 Ihe c*anty over Ihè mÈdux iemi arnl tomeel lon9 term L**weded . 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 ￿ltn￿ed re•ery4 or E￿raOrdIn0ry 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 Ic*the purth&se of propertyto rydace l&dd ￿ 2Wn. ¥ 8 s￿l8￿e r¢F4g¢wwit prO￿ty fil for purpose. bec4rne 8vwlablevknth ¢c￿￿d 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 llrnqu￿d. The freehokl wopertie8 8re 8hM on Ihe b8￿r￿¢ SW ot Vjvw deemed c051. The rec￿st[￿l￿n 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 $8kry in 2007 of Chubb5 %￿Irth c¢ynpdsed four t¢ds1ts wthich wwe used as In Ihe fwthernnce of the c*antys obje¢tSv•4. The Twstees SOLwhl wofessional a(Jwce Irom a kx¥l ogeni 3dvised tbal 8 ferAgcemenl prr4)arty fil for purpo$e. iThJLwJirg con¥ersion Costs. cos* in the reqiw of £650,￿0. The of this de&gna*d reserve ts entyrdy li tho di5crelion of the INs￿S and oJrrènfiy Stands * £654.fj￿. 4ndwled tho iftccffjx expth*I￿È i&&érvÈ S￿ce the year end. the Trusiee$ have reW￿d re8¢r¥es and wii sth w new re$￿e$ its rrfwdts fLTrJirg fry larger maintenan￿ Items tynd otalfvu ros11￿l￿e. The latterof wl •lw indyde at) •moL¥Y lo ¢over rolaled buikjing co81s. Str￿lU1•, goV•r￿n¢9 *nd fflaM••m• Dor¢hesleT ￿MI￿U$e$ ltharty 11670831. 16 a Charit8t4e IKowftle(I t>ginr&Jlion ICIOI, rellijtered b*tth 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 F￿n3￿￿On Mc#)el Conubjti d•led > December 2015 8nd amended th 20 Marth 2020. The ¢rustee5 01 the fom*r chwity, Wl*tsttTh & NapFW8 AtyMhoLwes lthotynumb¢r 2013871. kr￿Tr 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 SIn￿lUre 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 Origi￿1 trLtsIs. DORCHESTER ALMSHOUSES TRUSTEES. REPORT Dorchesler Akn5house5 WBS fi￿1 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 midn**l on 33 Uarch 2022. The merger Df DDrthester MunIryp￿ th￿rtIeS Dryche5ter ￿m￿hrAMeS was CoM￿e￿ ljler unr￿0￿r0ted thwrty deregrslertd by the Chanty c1mmi￿On. 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 C￿St￿Ul10n. The eowd ol Tntsiees nlymdty tY*eis 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 appoY*ed Im51ees. fty a F*riod of 3 yEar5 artd arè ￿lib￿ far roqppointrnont. AW￿￿ted IfLrylee8 we recrurted according lo the ¢xwrenl Tn￿ Recritmwt and IndwtiLMI Pd & Procedures. . a ma*irnLMn of 2 TO￿ Councl ncwated Inwte•s 8eN8 tor a rnaxwrthi ol S y￿. The T￿$t•& 808rf have approvtd a of dewions %%*￿ebY Chaira ak)ngside Chalmian of Tru8iee8 r(xm a M￿&3*￿et# Tèam Ttw VTh￿ Chpim*n Jew4r•ie WDrk*iy Grow)$ OfI￿tee5 In Propety Wemare. 10 wfvch I￿ Ch*nan 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 fina￿131 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•r*on c￿*• ol GO¥•M￿ 2020 Ul1$1￿ th•1 il COM￿le Ith tl* spirti of the c4de •nd wmopl¢s ••1 ￿ wi rt. 4Th1 lh$ annu• H￿￿+*￿0r. tha Code $t81eB ihal exh trustee B MaXyb￿ l*yn Y& nck as¥e¥srvEnls •fE ￿ ￿￿Ce. DORCHESTERALM5HOUSES TRUSTEES, AEPORT Va(ve lormon¢y The re￿I810r for Soc481 Housiry IRSHI isswd a Vaue Mcrfy StaTrJ8rd ￿ Awl 2018. Tris Introduced requirernent lor registered prov40eB of soc￿1 10 put4,sh perfO￿r￿￿E rnetrics 4amsr th•r ovm Va￿e for iaryei& tseven ctsmrntsn metr*4 kn taOure rtrformanry acmssthe sedor. Theseven metiics are as lo11cv￿wblh comrnentaryto eX￿aIn aryvarlations: V•k* Porlkn•y M•tr Relnve5tment 2025 2024 52% 65% SUPFty (Soryal Housmg Unrt51 % New 5WFly (Non-￿￿1 HJJsry UnitJl % Geartnq % E￿T0￿ MRI Ini¢iv5tCover % 2b 0% 252% Heodline Souol Houiing Cvs1 £ Opernbng housty l•Mvyl % opera￿n? Marwn i¢knr•ll Return Dn Cryrt•l Enknd % 12.S56 34% 10,801 296 4% Commenlory.. The hve#lmenl proper￿8￿ The Increa￿ 18 dueto wnhlc￿l inwajlrnenl In re1W￿hlry flath. 2a&b. Tht ntsnber of rth soual *ThJ rnnv$￿•1 hou8wvJ thwded eouoty ty ts total units. The￿ h•$ been no deveopm¢nl of hew 10ry41 or non-50rial hoLbWn9 nor any atyJui$ib'on6 in the wriDd. Thv rKI d*bl •1 A r￿trI￿90 DI tre totjl of kxopwttos- ush oquNaknt5 exceeded d¢bl In Ihe pertod The I￿e1 oener•led compaRO to the ￿tte￿il payal4tr BU￿￿u$ hi￿er than IBBt yeer. SoD"al hwsiry costs LIMded tytc4d th18 CA¥ne& rrw rep•rs Ewenthlufe Iris yT¥. I*v8tsng s￿￿￿&1 IdefKitI from will lth'rys dmdtd by lumo¥erfrrffj sodal hous￿91t1￿r4I• 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 $LW￿￿5 11(kfi(ill 10 toial assets k5s (￿rrent liabHmes.Higher Su￿lUS this year against larye as*t Wa￿ ￿slAtS in 2% maryin. DORCHESTERALMSHOUSES TRUSTEES. REPORT Statement DITrusi￿,$ re$ponsitythies The trwtees respotM** Kry8￿r#J thE Inwlees. fEpNI w*Y Ihe finarK4 stater￿tI in aCcord￿ce wth the United Kingdom AteA)unr*n9 sraThl¥ds Iuniled Kirydom Gerteraty Accwed Actounbrq Prathcel and ap￿irAble 1*4 aThJ TegulaiionJ. The la¥ awliGqbLry lo th4rits5 rwuires Irwt•es to kwepwe fin8nual Slatemem￿ ￿ è•th finI￿A•1 p•r o true and fair of Ihe slate of elfws of the thanty and ol Ihe Ippl￿￿￿on ol resources of tharty lorlhal peric*J. In weparing th88¢ fin•wl Sththmenty. th¢ tywt•es I￿ f*quw¢d to. mgke judgen￿ts and ￿b"m1th Ih•l •• irwj State at¥&cable acc￿￿"￿ It￿d￿l* fdltyoJ. wble¢i lo •rYy m•teri•ldep•nwu di•ch)xd expl••*d In #t*menty". and pty￿re fv fift•r￿￿ g￿l¥j corKern bgth 10 pre$fft Ihot thwity*il crrti￿ in bu￿￿&. The Iruslees are respO￿ble for keepThJ prwer accow￿￿9 ret4rds thal dMdDSe %s*h rè••MatrAe •taJraty 81 •ny lirne the financi*l positian DI Ihe thanty and enjble Ihern 10 enjure Ih•l fv fm8ncJal swtemenis comF4y Wlh the Ch8nliea Act 2011 Ihe applKatyk Cho1rt*S IA¢¢ounis Reptytsi Re9￿¥￿(￿1. a￿1 prowl￿$ of the eon&trtu￿Cfi. The Iru¥tv¥ 4l¥o re¥pon5tAe for *￿e9u￿0￿9 the ol Ihe th•nty henr* lor iakir re4sonat4¢ lor the yev¢nbM of lrnuj 4rKJ Iw￿11￿￿. The onnugl repm w•$ 8wo¥ed ty the bwl•M ottr* th•rlty M. #igned M rt8 ￿8￿bY.. .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(IrKrlwleTNmSl￿SeS f￿the 31 Marth 2025. A8 the charrty Irusleeg ol Cknchesler YCW aTe respthwible Ic* the kYep4￿M of aCco￿n￿ in &ccordanc* wlh the Newitew*nts 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 eXamI￿lIan I hal* fOltr￿ Drethon& gNen by the Charny Ctyxmwion under sec¢im 1451511bl ¢1 Ihe A¢t Ind•p•nd•nt •xamIn￿l •tthm•rt Sinct Dorchester wNmshouse8's gross Inccme exeeeded £250.000 yOurexam￿erIW$t be B TrX1￿eroI a bodylnted in ject￿n 145 of the 2011 Act. I Confi￿ Ihat I ¢T*hfied to undertake ewnatsoTr becwse l am a member of the ICAEW is ana of ihe hAlad bothei. I have ¢ompl8iod Thy eA8mina¢i¢)n. l ts)nfirffl that no m>ttw8 have ctyfre Io my allerfcrt) In C￿0￿1￿ %sith the exaM￿￿￿On giwng me ck¥• ￿ b￿￿e that th any maienal rewect.. 1 accmikng records noi kipt in resFetl ol Dr￿￿e1￿rAIm5hCI￿é￿ ty ie(*lM 130 91 Ihe Act.. 2 Ihv accwnts dD not •r%ryd wilh Ihooe recrfftls.. or 3 the accoums do not COM￿ with Ihe aeuunw requirements e￿w￿r￿a the forn content of •¢¢ounts sd oul In the ch•ni￿3 IA¢c(wi$ 8nd Repwisl Re9￿8￿on¥ 2008 clher than any requirement that the icc¢yJM$ • irue I•￿ rKrt i maller c4n$￿ as part of an indeFeThJent I ha￿ no concerm aTrJ have C￿ne arms6 rKJ ither rnatter5 n conner11%￿ *ith the exaMn&t*￿ lo Which 8ttent*in should be dr¥+%n in Ih's report in oryler lo enab￿ i r￿er￿j￿￿di￿g of tr* ar￿￿1& to be reached. S J Hough FCA Edvds and Kee￿n9 ULI ChartBrel A￿O￿n￿nIS Unlty Chambers 34 Plgh E¥51 SlrErf Ooichester. Dor8et DT1 1HA DORCHESTER ALMSHOUSES STATEMENT OF FINANaAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 fwid¥ Totsl 2025 Totsl 2024 In¢oM• from.. Charl(8￿e aclriqies Donatr￿S and granl In¥estrnent incom• 234.120 7,933 41.373 234.120 126.082 41,373 203,68 57,934 26,293 118.149 Tolol 283.426 118.149 401.575 287,916 Expendltur• on: Charrta14e qcti¥rtie5 198.434 1ts),L 296,434 262.837 Tolal expeThdilur• 1198.4341 1298.4341 1262.8371 Gain￿03505) on io 15 2.934 18.149 2,934 56.473 Tw•l*r bd%4wn fwds 118.1491 Icfj.DYs 106.07S 81.552 ftV)¥*m8M in 106.075 1C6.075 81,552 R•¢oncllatlon oltund Tc481 fund$ 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• f*lllng du• wthln on•Y￿r 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 un￿1rf¢¢ffld In¢¢)m• lun Unresthcted lun¢8 1.$07.309 1.401.234 Totsl funth 15 1.557.3( 1.451,234 The 8tstemems on pages 8 10 19 **re w0￿d by Iho trusteeB. aTrJ authcfflsed fL¥ 188W and svJwl on Iheir behamty". M E Rennie-Ch8im Trusiee T Loasby-VKe Chairnan Tnts*e -10. DORCHESTER ALMSHOUSES NOTES TO THE FNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Jthtèmnt of eoMpltan¢• Dorchester ￿mShOU$￿$ ￿ a rtsritabki incwpor8t•J orgarwsation w8tered IhÈ Ch?nty C￿mmY10￿ under 8 CIO- Fowdation 19 Decerrthr 2Q19, ornende¢l on 20 March 2020, 8 member of the Naiion31 Associthon of JJm$house$ ond a Pfw*e wstered promder of #oual ho￿ry In the UK. The addresB ol r8gislered office given In ihe legal and sthninislrative Infor￿￿ti￿ section on page 1. The nature of th8 tha1￿lS operd11￿8 and ntspal are 10 p￿￿de ¥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 akwl*At4B 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 I￿jer 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 ac￿￿1$. PrevKws JCMUnts wrre Prepa￿ under the 80RP lor houjirg wtsvklers There are no Irw¥•"on81 rn•tterJ or 4djustrneNs re•JDrvJ from chary ol bA818 from Hou$iny SORP la th*nly SORP ac¢ouTrts orè In È Ststffiffj. e￿mPtic￿ from prnyring • cuh fl¢>w st•lom• The ch￿ty Opted lo adopt B￿let11 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 Ou￿der Ihal th￿t ar& no rn￿erf￿ ￿nL￿rtkn L*•Wi •t4Nty to c(ffitinu• •B • g￿r¥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 ertIl￿ent 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• rK09n￿l0 Tumo¥er GDTnpnse$ resiaertb cryrtr*AJtiws. incrme from alhergeNees wpt4ied aThJ re￿¥￿t wants and donation recewab* kn Ihe yrmjd. tt aho *YJudÈs am¢Yt*éd of raprtal grants re￿8￿ dudrvJ the krrwjd. G￿rnMent grwrt¥ Granls receiwed as con1nt￿b￿8 twos caprtal ¢(￿ts of a stherne are recrqnwl 8t the f•ir ol a88el T*ceiYed or ret&vable usin9 the *ttNal$ rncéd. The differertts behveen VE4ue of Ihe a85et and ¢￿sKIe[ati￿n is recogni%d aj a Iillbthty and arnrrised over the USefr￿ ecwwic kle of the a55el. TNS arnortisati 18 recogr**d 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. EX￿ndIt￿4 All expendilure 18 recognised once t￿e IB a W or obhgabLm to thal expen4lrtLw•, rt i¥ w￿•ble selllemeni 18 requirEd JThJ th? JmvuTrl cw be me8SLUEd Tetwbty. An C￿18 are knied lo fv aP￿icable e4)endiiure h¢athno that 89otQ9ate &rTrlar lo that calawy. Whw• cots t• direc* 8ttr1tr￿td to heAdiws Iw have been 8ifocaled on 8 b85B Cen￿91*nI Wlh the w¢xKrei. ￿ltr) ¢ertr•l $¢•ff ¢o&ts aloclied on the ba555 01 liTh* spenl, 8nd depreo8Don chaigei aloc4ied portion d th¢ ••s•t'• use ljher SUPPDrt C0518 *￿ •ll¢c4ted based on Ihe yp•d of ￿ti. CharltAbl• •¢¥vllb•• Ch8rtsble expthidiiwe Crynpnses those ¢osls iurred by Ire dwrly ddiwy of iti actiyrtiu Berwces lor its t4nefiaanes. 11 I￿￿deS boih ¢05ts thc•i•d dNoLlly to thDae cosIB of an lThSlreL* nalure nece8ury to support Ih¢m. Support C￿tI Support Costs indude centrd fun¢l￿n$ )rO hjve been olocbted to Bctmty cost cale90r￿S ￿ a b8518 consiBlern with the uae of ￿O￿t*s, for example, *loc*tirg 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 ¢M￿NUbon￿l 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 F￿ante Ad 2(t10 and thefelDre Il rneets thè dÉfflnibOn ol a thafitaNÈ t￿mpanY10r UK twètson tax purp)ses. Attordingty. the (*anty is Wentlaty exempt from t8X811ts1 hl respeci ot inC(w￿e 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•¢ Ir*ividual fixed 05set5 are rEcryded Jl wst. IBS5 5th5equenl •CAxw￿￿Oled depreoabon and subsequtni B¢¢urnulaled Impairment kn55es. T￿ry cost of assets IndL¥Jes direth •ffnbui¥ble Inuemenial tosts Incured in thelr ac9￿$1&0￿ and ￿$t01011t￿. As8ets 4re revIe￿*d for Bny Ih•t D￿e1 mty be Imp&￿ •t b￿an¢# sh••t date. If inth.calc exi51$. the ret4)vÈratlÉ am[￿nI IB estima￿a *)Y compared lo ts c8nwng 8m¢xwll. Where the canwTrJ excveds 115 rerDverablE JrTh)wrt, Jn ry•rrwl lo5$ IS In Exp8ndlfft. Costs are caytalKged rf W re5utt n 4n inL¥ease ￿ Ihe nBI rerrtal inccm•. a fvIU￿ M￿t￿lAt* J signifi￿nI e%t•n￿on lo Ihe life ol Ihe pr￿. D•pr•c*itfion 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 str*ghl 26 yt•r• Soc4& housin9 wcywfr'•s Office equipment Solar p8nel8 InYg¥trn¢nt¥ Flxed 88Sel Investrnent8. other Ihan p￿ram￿ investw49. are ￿•0 81 market 41 the balan 8h&et dale. Realised gains I0￿eS 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 thtyf￿d or ¢red4ed io tho siaien*ni of Financijl A￿vrtIeS In the penoy of dwJo8al. Unreolsed gain$ and ksses represent the Mo￿￿1 in year and ￿ ryeknd ortharyed to the siaiejnent of Fin8￿tr￿ 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 Stsbl￿hÈd %¥thÈn thtrè i& obj8eb%* é*den¢e thai the ¢ompary Ml be 10 ¢olled all amounts due actordini to Ihe original le￿5 Df the receivJulBS. Ciih and ca•h •gu￿11•n Ca$h tash equiv818nt8 ¢(ryri$e cosh w hw and ¢¥1 dekx)sii$. dher short.term hwy IIQUKI ￿¥8StMentS th818r8 readily 8 kThJ**) amwni ol and we an Ir&9fyfit8rt nxk ol thange In value. Tr•dq tr•dltorn Trade c*edito￿ are r•coyriMd ir¥b¥ty 41 I￿ Ir•rffjKbm subieqw*ty G051 using ihe effec￿￿ irtwe¥t mdhod. BoffowlngA Inleresl-beonng bowownga are Iritkqty rec(￿d0￿ at tsir vabx, wt of rrThL*£ffl cobt& INereat-beBnng borrowThJ8 ar• sub5equenty Carried al 0mort5ed cog1, *ilh Ihe drf1erer￿• betswn the woceeds. ￿ of Iranmdion cosi$. wnd ihe ymounl due on recoankned as a )Iw9¢ W the Profrt aThY Loss Ac¢owt o¥er Ihe pwiod of tho rdw•ni borru*lng. Int8re81 expena• w recogniied on ￿ b8sra cl Ihe eftectye interest meth(4 in￿ded In Inlere5t pAyèt4e and 8irni1ar charges. Bor￿7￿9 •re d8sJrfied as wrr¢rt Iiatylrt# th¢ ¢omp•ny h•$ •n un￿￿1110￿81 Trght to ¢Jefer ¥ettthenl ol the liablily lor * leMI rnontrA after the rwts'r*J d￿e. 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¥•t*s. A Irantsler from rastnued re$eF¥e6 18 then made os •pryw*. InGom• Unrn¥tvlct. •d fund¥ fund Tatil 2025 T¢ii*l 2024 IrKom• Irom ehar*•bl• •¢tl¥Mkn.' Re5bJenls &￿tr*¥j￿0nA 234.120 234.120 203.689 Incom• from don4kn• Ind y•nts: GMi$. In(￿l￿a c8pftal gr*#A.' Amcrtrded htyjsity N•pp*¢i d8¥•1￿￿ent revenue gr￿t (Dcnet Cwnall s￿rPantI 9r#ni {0￿**t Counts 7.933 7.934 IC the to FRS 102. DORCHESTER ALMSHI)USES NDTE8 TO THE FINANCIAL STATEMEP￿s FOR THE YEAR ENDED J1 MARCH 2025 10 Inv••tmonl• Listed Inve•t. fnents Non4urnl lin•nci•l •ssets C￿t 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••tn*rti are UK li￿ed 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 t￿t p￿* ol the lo1￿ ine91ft￿* W 8tlhe 31 M•r¢h 2025 is £918,019 {2024 £915.5321 11 2025 2Q24 Trade Llebl( Propayments Ot￿r 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 bou￿n9 h)an Tmde cfeditor5 743 15,207 7,933 3.689 Defe￿ inc0￿- $o¢rdl hou¥ty gr other laxatsw arO ¥oci415Kurity arnt defetyed inCL¥ 7.933 1.814 6.949 8,328 32,211 21.053 DORCHESTER ALmSHC￿SEs NOTES TO THE FINANCIAL STATEMEiirs FOR THE YEAR ENDED 31 AIARCH 2026 13 Crnd*orn.' du•aft•r on* yg•r 2025 2024 H￿$￿9 k)an due 1.2 Hous￿9 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 op￿t￿9 Re¥ull 2025 2Q25 2024 2024 come Rel￿¢nI9 INcl• Zl DDnot*Jrn 4nd 9Trnls (Ncle 21 bled $ou•l gr•nts (Nrfe 21 234.120 118,149 7.933 203.689 so.fr)o 7.933 L•M'. 4dmbn co•ts INol• 41 ExthJd• finance cost> b•n inw••l (29EI,4341 5.014 [262.￿7) 5.681 1292.8201 67.382 1257,1561 4,46b Hrxmry Op•r*ing DORCHESTER ALMSHOUSES NOTES TO THE FINANCiAL 5TATEMEPTrJ FOR THE Ye*R ENDEO 31 hlARCH 2026 RM•rw¥ Othev l Apvll 2024 •xp•Tr1•d Unre51nc*d reser¥es 1.401234 283.426 1198.4341 159.8511 78.IXKI 18.t49 2.9J4 1.429.3r 78.0 1.507.309 1.4Q1.234 283 426 1198.4)41 2.934 NBpwrf5 0•nl FuThJ Whei8knMS Soki pa￿18 ￿*nt Extraordinary Rw•irR85w%* Fwd 1cI).arA> 11CQ.WOI 18 149 118 1491 50.0 S0.OCrfJ 118.1491 Total 1.451,234 401.S75 1298,434} 2,931 1.557.301 B•lth¢• •t 31 Il•r¢h 2024 2023 UnrestrLtrad ie5er¥e5 1,308,177 237.918 1201.3321 56,473 1,401,234 R*•trfct•d Nappei's EWE￿ien1 Fund Ex1rtthirwy Repar Reserve FLWVJ 11.505 161.9)51 50.DQO 61.9)5 161.9)Sl 1.369.6&2 287.916 1252.83n 56.473 1.451.234 DCMCHESTER ALMSMOUSES NOTES TO THE FINANCIAL STATEIAENTS FOR THE YEAR ENDED 31 MARCH 2026 The specthc purw8es *thich are lo te a510k￿¥.. The income ar￿ expendibJre Teserye represents rJJrnLlalNt 5wFknes and ¢JefK￿ nBt of trawfern and Diher The Nop￿￿$ developrnenl re&trK#ed refeds 9r*nl% rtt*Ned nwi t￿lY be applied the rnshovx de¥eloFffjent costs. The exlraordhary ￿Par r2serve Is a ￿$￿tterf r8serve ￿Vired ￿jÈr ihe tharrty SCI￿￿ lo be aside out of income to provide lor fvrtwe extr•or(linory rep￿. Yryo¥emetrK rx thUl￿n9 of the aknjhows telowing to I dwrily. The I￿￿Unt lo be set •wd¢ li •t tr* ofth¢ tyust••K 10 Anaty•l• of Mt a•••ts l¥•tw•w Iwd• Total Ivnd• •t 31 M•reh 2024 Unr••tri •d knd¥ RMtri¢t•d fund¥ Tqr4ibkn fix￿ as9￿5 Fixed osjd inve51menl• 248.815 248.815 971,623 576.114 P2.2111 IZ07.0321 71,623 526.114 132.2111 207.0321 CLYreni BsJet$ cl￿￿1 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¥M*etlam• Thwe ￿re no ielaied pffj tran￿ctIonS ￿ Ihe year. fve Irusiees are ￿1 aLAW C￿unauCrt as stated the Report ol the Board, any tr￿$8¢1￿￿ beh*en i*anty aThJ ¢h)8e lo¢al ￿LAh￿￿e$ 8re at lerylh. c nNrnal commercial ierms •TrJ tW51ees Connol u¥• Ihey lo Ihew B(fv8ntage.