2023-12-31-accounts

SHAFTESBURY MUNICIPAI AIMSHOVSE CHA REGISTERED CHARIIY NUMBER 202457 ANNUAI REPORI AND RNANCIAI STATEMENTS YEAR ENDED 31 OECEMBEI 2023

SXAFTESBIJRY MUNICIPAL ALMSHOUSE CHARIIY REGISTERED CHARifY NUMBER 202457 Index Pijge No. TTU5tees' annual report Ind8pendenl exomlner5' reFvI Statement of fhgnclal ocllvilTes ISOFAI Bolonce 5h•el Accounilng and notes to the Ihonck21 statemenls Suppbmenlary Informallc 12

SHAFfESBURY MUNICIPAL ALMSHOUSE CHARITY REGISTERf D CHARITY NUM8ER 202457 7rvslees Annuol Report forlhe Year Ended 31 De¢emb¢r 2023 REFERENCE AND ADMINISTRATIVE DETAILS Regi%tered 0$ a Charity in Eng￿nd & wa￿$. Prev￿￿$￿ known as"5hafle5bury ￿v￿￿1paI CharitÈs- (*-ShattestyJry Ch(wit￿s." CHARITY ItEGISTEkEO NiIMBER 202457 CHARifY's PRINCIPAL ADDRESS 33 Salisbury Slreel Shoflesbury Oor5el SP7 8EL GOVERNING DOCUMENT The ChafSly 15 reguloled by o scheme ol the Ch(￿ty Commtssknars dolgd 29" Juty 1996. TRUSTEES Mr Anlhony Thomos Morgan Ichoimonl Mr Roger Haydn 8oolh Mr Colin Howes Polrlcia Laver Appolnlecj by Truslees Appolnle(I by Tnjslees Re$￿ane￿ durkng Ihe ye Appoinled by Tnjslees Appoinled by Shoftestw Tovm Councl fvlr fimolhy Cook Fwo iepresenlativts Tru518es are apF>olnled by Shoftesbury Town Councl. ond one reyesenlotive Trvslee by the P¢￿sh of me￿￿ & Cann. New repyesentative TTUSta&s ore oppoinled f(x a renewab￿ perknd ol low yeots. NewcLwpled Tnjslees rye oppow)ted by Ihe Bo(xd of Trusle¢5 fry a ￿n￿woble pwiocl of five yetrs. The Charity does not have any Cu51odhJn Truslees. OBJECTS AND ACTIVITIES OF THE CHARITY The obj8cI ol Ihe Chority s to PlOVKle accommodat￿￿ fry person5 v) neecl. who ore ￿S￿lent in Ihe P(Th5hes of 5hoftesbury. Conn. Motcombe. StotK Prov051. Margcxet Marsh. Fonlmeu Magna, Compton Abba5 and Donhe(Jd Sl. Mory. The Ch(￿ty maintan5 21 warder￿aSSisted Singè bedsit fbts to er￿b￿ them to meet this obiecl. Th￿ activity benelit5 the pubk by olkmng objer w50ns in p(y1￿U￿￿ lo remoBI ￿￿le[endent t£x k)nw. whI5t sll ￿Ing near to fomty ond frEnd5. As such. famifEs ore able lo grow and the commvnily st¢WS 5tionger. Page I

SHAFfESBURY MUNICIPAL ALMSHOUSE CHARirY REGISTERED CHARITY NUMBER 202457 Truslees Annual Report lot th Yety Ended 31 De¢mbew 21Y23 ACHIEVtMENTS AND PERfORMANCE The T￿slee$ policy is lo &nsur8 Ihal Ihe laclites ol the A1rn5house ore upgraded. when the fvrtds ￿e avohJb. lo enO￿e the re￿dentS to remoln In occupation of the Ikjls for 05 k)ng as is leosibb. whilst alkming Ihem o measure ol independence. The r8slden15 of Ihe Almshouses make o we￿￿ contribuli)n the c05t ol M(Jint0b￿ Ihe Ahuhous¢5. ond es5entkJl serytes to them. whth is p(xtty svbsKlised by Ihe Charlty'5 endovmignl income. The Charily is olflialed lo Ihe Nolthd A5$oCh￿10n ot Aknshouses. When I￿15 become vacont new reskJen15 who meet the crfterk) of being ol reltremenl age and from Ihe kncol (Yea. ue lo appty to lh• ITUStees. The trustees have regard lo the Chorlty Commisskjns guldonce on publt beneffl. As Port ol our strole9￿ revlew ond ￿th guidonce trom Thg A￿$1￿1$8 AssociolKin w• ¢Ye now dkeclty empbyry our own lTrhouse Cth Adrnhi5trolor who a5 Part ol Ihslr d￿1￿5 55 to check on reskjenls who are deeme(I lo be vuhwoble. h oddttth w8 hove mode ovallobb 0 sophtsl￿O1ed electron￿ comrnunkotk)n sy5tom to troch residenl whlch acllvoles lo 0 2417 OF)erotèd okJrms recelvhg cenlre. As noled in the prevlous onnval rewls, the bU￿kn9 ond r•lurt)i5hmenl 15 n￿Ing 15nol comrtbn. %•Alh phases l ond 2 comp4&18d. The Chartty has Sulffc￿nf ￿ndS 10 complet¢ the tinol phase durlng 2023. POLicie3 The level ol re5ervg5 In Ihe cycl￿01 MolnI￿nce Fund ond lh8 Ex￿O￿￿￿K￿y Repok Fund tre os recommended by Nalbnal Ass￿&31k)n ol Atrnshou5e5. Tha level ol these res•rves ore as slaleote'. 2024 Page 2

SHAFTESBURY MUNICIPAL ALMSHOUSE CHARrrY REGISTERED CHARITY NUMBER 2tr2457 Indtpendent Exomlners R•port to Ihe Trust I rtrporl lo the trustee5 on my exomv)alion of the accounts ol the obove ch(￿ty l(x Ihe year en¢Je(J 31 Decen)er 2023 Set out on poge$ 4 to I l. Rt$ponslbllllls ond b051s ol report As Ihe charily's trvstees. you are respont>￿ the ￿epara1K)n of Ihe (rcounts in acc(xdance wth the requkements of Ihe Charities Act 2011 I'yhe 2011 Act'i. oving soli511ed myself Ihat the accwnls ol the th(￿ty ar8 not requtred lo be aL￿lled¢unC1er seclkn 144121 c Ihe 3)) l Act) and are eligftk for on independont examinallon, I report in respecl of my exomv)at￿n of lh8 chorits occounls Ca￿Ed ovt under Sect￿ 145 of Ihe Xll l Acl. and irs carrylng out my exam￿at￿n. I have followed oll the apph'coble Dlreclion5 given by the Chority CoMmbs￿rn vnder 58CtK)n 14515llbl of the ACI. Ind•pendenl exomln•i's stotemtnl I have compleled my exominolion. I conTrm Ihtst no mat8fi01 matters hove come to my attentw h conneclkjn lh& eXam￿at￿n gfvhg me cause to belev•." occounling records were nol kept in rwpecl ol Ihe chorlty os r￿vred by sec11￿ I￿0 the 2011 Act.. the accoun15 do not occord wSlh the oecounlng records.. or the occounls dld nol comply vAth the applab￿ reoukemgnt5 concwthg the Icrfm arKI ¢ontenl ol occwnls set Ihe ch￿1565 IA¢covnts aThJ Reportsl Regulollons 2LW other thon ony reqvkement Ihol lh occovnts g￿e a 'tr￿ and fay. vbw w*h ts not o matler conskl•r•d as of on Independanl exomlnolion. I have no concerns and hav¢ come ocr05s no other mollers tn conrectbn ¥￿th the exominolbjn to vthkh ottenlkn 5hxJll be w) this r¢ptyl In to enabb a PTopor underslandlng ol the occounls lo be reached. R&portlng Accountanl R H Cooper FCA MapvA House SherboTne Sbned: Dote". Donel DT9 48J Page 3

SHAFTESBURY MiINICIPAI AIMSHOLlSt CHARIIY Slalemenl ol Finonelul Aelfvttles For the Year Ended 31 D•cembr 2023 Deslgnaled Cyclcol EXfvu￿d￿gry Moinl R¢poli Fund Deslgnated CycKcol Extraorthnory Mainl Repolr Fund Endowrnent Generol Note Fund Funds lot¢Jl Endowment General Fund Funds Tolol Funtl 23 Fund 2022 Income & endowmenls trom.. Chorit0b￿ aclivilies IX>.693 IXl,693 115.037 115.037 Investment income 1382 3.382 723 723 Other Incomlng r850￿C•S Tolal Incomlng iesolJl¢•S 4.931 129.Cx)6 4.931 129.IX 0,754 6.754 Expendthjre on.. Choriloble act￿lI1e5 52.4501 33.150 85,751 50.428 50,428 Governonce Costs 4.622 57.223 4.622 90.373 8,229 58.057 8.22 58,057 Total i•sourc•i •xp•nd•d 33.150 N•t Incomlng i•$ou￿•S b•lor• tronil• 71,7&1 133.1501 64,457 64.457 Transl•ri Gross transl•Fs b•tw••n funds 13 125.0401 15,540 9.500 Net mov•m•nt In fvnds 71,783 133.19)1 ,417 15.540 64.457 R•conclllollon ol Ivndi Tolol lunds brought lo¥word Total lunds cotrld lorword 3￿.(￿ 690.576 167.90) 134.150 466.059 466.059 1.624.535 1.663.168 500.￿ 651.159 .m) 690.576 152,300 161.9C¥) 450.559 466.059 1.560.078 1,624.535 Jj).C￿ 762.359 Page 4

SHAFTESBURY MUNICIPAL ALP4lSHOUSE CHARirY balon¢e Sheet For the Year Endd 31 December 2023 No• Flxed Assets Tanglble lixed as5els 1.471.651 1.452.230 lotal Flxed Assels 1.471.651 1.452.230 Current Assets Debtors Cash al Bonk Total Current Assets 5.892 218.353 224.245 X)6.518 211.848 Crtrdilor5- amovnt5 fal￿n9 due wlthh yeor Net Cyirenl Ass•ts io 8.840 215.405 11.980 199.808 Totol Assèt$ 1•>5 Cuiront UabNrtI•s 1.687.056 1.652.098 Credltor5. omounts lalllng dug olter one year io 23.888 27.563 Total n?t assets 1.663.168 1.624.535 Fun<ls ol Iht Choibty Endowm•nls Incom• Funds Unreslrlcled funds Deslgnoled funds Cyclicol Moinlenance Fund Extroordlnary RekXJ* Fund Total Chuilty Funds 12 761359 6WS70 13 134.7YJ 400.059 1.663.168 107.fft1 406.059 1.624.535 Apsyoved by the 8¢Jard of Trus188s on 2024 and s￿ned on Ils behow by.. Anthony Thomas Morgon. Trustee The notes on poges 6 to I I f¢Jm p(rl of Ihese occounts. Poge 5

SNAFrtSBURY MUNICIPAI ALMSHOUSE CHARITY Notes tts the Aecounts For Ihe Yeai Ended 31 Decemb¢i ￿23 l B¢sls of preporatlon These accounls have been kvewred on the basts of htst(t cosl kn acc(xdarte vthh the Slolemont of Rec¢Jmmended PraCt￿e.. Accounting anol Repcthg by ChorS1ies120151. with accounli)g slondards. and with the Ch￿1￿$ Acl Xll 2 Accountlng pollctei INCOJWNG RESOURCES Incoming resources c¥e Sncludod in thè Stolernent of FlnarcKJI Activities15oFAI v4hen.' the charity becomes enlilled lo Ihe resowces ond any condilp)ns Icrf recelpl (xg mgl.. the Iruslees ore vklLpaty cartaln they wil recefv• the resources.. (￿d the monelory value con be n￿SUred sur1￿￿￿nI rekn￿ty. The volue ol ony v¢)nlory h 55 not Incbjded In Ihe occovnts. EXPENDITURE AND LIABILlllES LnblilÈs are iecognlsed 05 soon os lh￿e b o W ¢yconS1￿￿1fve owlbn cornmltllng Ihe chcth to pay ovl rewces. Governance c0515 InchJd8 eosls ol the ￿ep£YO1￿)n and exominoth)n of slolvlryy occounts. Ihe c05t5 of Irustee maèliros ond c05t of ony bgal adv￿￿ to trustees on governance or C￿st11vI￿n￿I molter5. Also In¢￿ded (xe Ihe odmi)istrollve ch(xge5 payable lo the Ch¢￿ty.5 cknk. ASSETS These. wth the exceplion of repkicernenl fumihJre etc. (Ye Capitar￿ed if Ihey con be used fry mcfe than one year and cost at K￿$t £250. They ore volued al cost or o reasona￿e vahR on receipl. Ihe Ch￿ty ¢Yoes not have o poky of revO￿oI￿n. Page 6

SHAFfESBUR Y MUNICIPAI ALMSHOUSE CHARIIY Notes lo th¢ Accounts Foi the Yeor Ended 31 DeCernb￿ 2023 Deslgn¢Jl•d Cyclcal EXfvUordw￿ry Malnl Repo Fund Deslgnal*(I Cyckul Extroordln+Jry M¢Jlnl Aepulr Fund Endowment General lotalEndowmert G•ner(71 21r23 Fund Tolol Fvnd Fund Fund 2022 3 Income from Charltoble aetfvhles Residenls. maintenonce conliibulK)r Electricity Grant5 recewed F05,726 11%72 3.095 105.n6 11.872 3.095 106,507 9.130 106,507 9.130 4 Inv•stm•nt Inctsm• COIF inve51menl Income 3,382 1382 723 723 5 Othei Incomlng r•#our¢ Lond renl an¢ subsldie5 Woyleoves Donallons recefved Other Income 1.817 1.817 3.17P 183 3.179 183 2.448 2.448 3.392 3.392 l Expendllvr• on Chaittobh ac1￿￿[ lol Chailtabh octlvltl•s Molnlenance ol Chubb5 House 33.1 71,156 36,060 36,060 Icl Pald •mpltsy••i Gros5 woges & Sobr￿$ PensKJn contributK)n5 14,354 241 14,354 241 14.133 235 14.133 235 Tolol Ch<wllable u¢ll¥Mles 220 52.601 33.IS) 85.751 50.428 50.428 No No Average numb•r ol Employees In yeor There were no ern￿OYees receiving b￿errfs. Page 7

SHAFfESBURY MUNICIPAI ALMSHOUSE CHARrrY Note5 to the A¢eovnts For the Yeai Ended 31 Decembei 2 Oeslgnated Cycucal Extroordlnory Maknt Repolr Fund Design171ed Cycwcal Exlmordinary IAulnt Repalr Fund Fund Endowment Fund Genefal Fundj Totd Eftdowmért Generol Fund Funds Fund 2023 2022 7 Goveinonc• Costs Accountoncv lee Independent exomhers lee Legol & prole5sionol lees Insvronce Sundry trxpense5 Sonk charg•s 2,570 2.570 5.447 5.447 500 1.486 714 345 07 420 345 67 426 351 395 395 8 Tanglbl• Flxed Ass•ts ••hold l¢Jnd Bulldlng & Akn5hous•s Developm•nl E9ulpm•Tht Tol Co31 Al l Janutsry 2023 A¢Jdilions Al 31 Decem￿* 2023 163.354 1.28S.717 19.421 1.305.138 3.159 I.452.2￿) 19.421 3.159 1.471.651 163.354 At 31 Dactrmber %)22 163.354 1.285.717 3.159 1.452.230 At the end ol Ihe period. the chc¥lty h¢xJ captd commitm￿1$Con1rocted Ic¥ bvl wt VOVKl8d in Ihese finonck71 slatements in respect of Buil￿1ng Devdopment lolalling £Nil12022.. £19.4211. 2￿3 2022 D•blrys Trode deblor5 Prepuymell15 Olhei deblrys 313 5.892 5.330 Poge 8

SHAFTESBURY MUNICIPAL ALMSNOUSt CHARirY Notes lo the Accounts the Year Ended 31 December 21Y23 2tr23 2022 Credilor5- amovnts lalllng due wmhln one yw Trade credilors 3.852 3.349 3.675 I.CP4 Accrua 5.123 3.675 Almshouse loan Woges PA YE Other creditors 42 10 8.840 Ci•dlttsrs . amounts laukng dve Ill•r on• y•Of Almshovse loan 27,563 27.563 23.888 I l Endc+wm•nt lund Balonce ol 31 Dae•rnber 2022 Nel movem&nl in lund> Balonc• at 310ecember 2023 12 Unr•strlcl•d. G•n•rol lund Babnce ol 31 Dec8mbgr 2022 Nel movement in lund5 Baloncg 0131 December 2023 690.576 71.783 762.359 051, 159 39.417 690.576 13 D•slgnat•d Funds purp05es'. Bolonc• Transl•r trom kncornel Pokl In Bolunc• 8olanc• <Jnslertrom lftcom•l Yeu 3111212023 31112121 ?nemlFund Pdd In Oalonc• Y•ar 31112121Y22 3111212tr22 G•n•rol Fvnd Cyclical rnainlenonce fund EXtra-Ordin￿Y repair fund 167.900 133.1501 134.750 466.059 456.559 6LKI.W 608.919 152.360 15.540 9.50Q 25.04D 167.900 466.059 633.959 4eé.059 133.1501 633.959 Poge 9

SHAFTESBURY MUNICIPAL ALMSHOUSE CHARiri Notes to the Ac¢ounts For Ihe Year Ended 31 Decemb￿ 2023 14 An(atysls of Net asset5 by Fund Éxtra Cy¢lcal or￿n￿Y Endowm•nl Vnr•51rlcled Moknlenonc• fvjnd fvnd Fund Cyclccl Ordlnory FvndsEndowm•nl nr•s(￿ted ylntenonce lund Fund Fund5 nd 21)23 Fvnd Fund 2022 rongibb fixed assets S70.842 134.750 4￿.05? 1.471.051 3￿,1￿M> 518.271 167,¢ 406.059 1.452,230 other current a55ets 224.245 224,245 211,849 211.84 3(X).L190 795.087 134.750 406.059 1.695.890 3G￿,￿ 730.120 167.gOQ 406.059 1.664.079 Cu￿8n1 ITobllilks Non-currenl IlablKtSes 18.8401 123.8881 762.359 18.8401 123.8881 466.059 1.663.108 127.5031 0gQ.576 127.5031 466.059 1.024,535 134.750 3QD.(kX) 167.900 IS Irust••s and othw r¢l¢)led parN•s Poymenls were rnadtr lo the TFu5tees lo r¢imburne Ihem fry expense5 Pjhl on beholl of the ch(xlty and these amounl¢d lo £1.521. 16 Olher klormatlon - The ChiNily hod no ccYnmSlmnts ol the Ye￿end. except l¢x Ihose retsenced kn note - Thtr Ch(￿ty hos not glven any gLoranlee5 lo Ihrd parl*s Ihol coukl be cthd on al Ihe ye(w end. - The Choiity h05 nol granled ony k)on5 to any ins11tut￿n 4x compony conn8Cted to Ihe Chcrrity- - The Charily did nol moke ony 8x-gratia poymen13 d￿n9 Ihe ye￿. P(b3e 10

SNAFTES8iIRY MUNICIPAI ALMSHOUSE CHARITY Noles lo lhe Accounts For the Yeor Ended 31 December 2023 17 Deelarotlons.. Adequocy of ossèt5 lo meellund restslellL)ns Suflici&nl reserves ore held in an approprh)te form lo enabl8 80ch fL￿d lo be oppled in aCCLYdance wth the reslr£lw)ns imFK)S8d. Brunchtr5 The linoncial activities. ossels and liobiwie5 of ol Ihe Ch(Yily's trfonches LY 5ec1Kx￿ hove been kncluded. Changes In y•ai end The Trustee5 have nol chonged the year end dole n¢y Ihe bnglh of the Ch(HIt￿$ finC￿Ckn1 yetr. Dlsconlfjnued, conllnulng and acqvlr•d op•rotlons All the Chorily's operalK)n5 ore continuing operotwJn5 ond thwe were no opwoltsns disconllnved ryocqvked d￿n9 Ihe Fvndj In ddl¢ No funds ore in del￿11 al Ihtr bokjnce 5heel dole. InoTh•nabl• or hISt￿l¢ •v•nts The Charity had no 055els al Ihe boknnce sheol dole cknssed 05 N51¢>lc. Inlan9lbl• tsss•ls The Chorily hod no Intonglbb 055etS. Int•r-lund loani There were no hler.lund thn) oulslandSng al the bok)n¢¥ sh¢et dote. R•voluotloni None of Ihe Charfty'> luncllonol Ilxed ossels have rtrv¢Jed Ihe yetr arKI lh8 Ch¢>lty does nol hove a p(y of r￿Valuat￿n. Sutysldlail•$ The Charity hos no subsldDry companb5. un.cap￿￿1ls•d Ilx•d ass•tJ The Charlly has no wnalerial fixed 055ets whkh hove not ¢￿￿0￿e￿. Hower, Ihe freehohj Ir¢1￿J￿9 Fhe sfte on Ihe olmshovses are bull Repbcemenl furnitur6 15 treated 05 0 revenve expense. Tronsacllons wtth Trust••s There were no transact￿n5 Wth trustees d￿n9 the ye¢J. except Ihosts refeffed to in Note 21. 18 Relol•d fran5acllons'. 8u5ines5es operoled by Trustees wlh Sery￿e5 FXOVkJed und￿ the 51arwJ(Td lem15 and condHbns of the compony n qu￿1￿￿. A T Mowgan- Wessex Gioup Companles Amounts Invo¢ed duing the year £1.6381%>22'. £53.4201 There were no otheroutslanding bokjnces reknled p(xlE5 Ot the dote. PageTI

SHAFTESBUItY MUNICIPAL ALMSHOUSE CHARfTY Noles lo lh Accounts For Ihe Year Ended 31 De¢mbei 2tr23 19 Supplemenlary Inloimallon 2023 2022 An¢tysh ol'Resourc•s •xp*nded- ¢hawknbl• ac￿Me$. l} G&neial lunds 5tolf costs Rate5 & wolef 14.595 4.102 14.368 3.122 11.777 2.786 2.814 I.￿5 12.643 Ekntricity Gas 4,754 3.116 1.4154 45Le3 925 610 85.751 Insuronce Cboning Reptslrs lo property Tebphone Sundry expen50S 50.428 bl Rool repalrs lok•n Irom Cycl¢al malnt•non¢e provljlon 33,1 Cash at bank COIF dep05il Current account Pelly Cash 78.170 140.115 74.791 131.t185 42 218.353 2￿.518 Page 12