Charity registration number.. 203399
Dartmouth United Charities
Annual Report and Financial Statements
for the Year Ended 30 April 2025

Dartmouth United Charities
Contents (continued)
Reference and Adminislralive Details
Trustee, Report
2to5
Statement of Trustee, Responsibilities
Independent Auditors, Report
71010
Slalemenl ol Financial Activities
11 to12
8alan¢e Sheet
13
Cash Flow Statement
14
Notes lo the Financial Slalemenls
151028

Dartmouth United Charities
Reference and Administrative Details
Nominative Trustee
Mr M Rowley
Publically Nominated Trustees Mr R Springett
Mrs J Cawley, Chair
Mrs B Fleet
Mr B French
Mr M Tremlett
Mr G Hardy
Ms L Osgood, Vice Chair
Mr Thomas H Guy lappoinled 01 July 20241
Mr Keith Williams (appointed 01 July 20241
38 Victoria Road
Dartmouth
Devon
Principal Office
TQ6 9SA
Charity Registration Number
203399
Solicitors
Foot Ansley LLP
2 Glass Wharf
Bristol
BS2 OFR
Bankers
National Westminster Bank plc
Pa1gnlon
15 Victoria St
Paignlon
Devon
TQ4 5DE
Auditor
Thompson Jenner LLP
1 Collelon Crescent
Exeter
Devon
EX2 4DG
Page 1

Dartmouth United Charities
Trustee, Report
The Trustees present their annual report, together with the aLJdiled financial slalemenls of the
Dartmouth United Charities Ilhe charilyl for the year ended 30 April 2025 The Trustees confirm that
the Annual Report and the financial statements comply with the current slalulory requirements, the
requirements of the charitys governing document and have been prepared in accordance with
Accounting and Reporting by Charities. Slalemenl of Recommended Practice applicable lo charities
preparing their accounts In accordance with the Financial Reporting Standard applicable in the LiK
and Republic ol Ireland IFRS 1021 leffeclive 1 January 20191 (Charities SORP IFRS 10211. the
Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 and the
Charities Act 2011.
OBJECTIVES AND ACTIVITIES
PUBLIC BENEFIT
The charity's purposes and activities as defined in ils governing document, and outlined above. are
intended lo serve the people of Dartmouth. The charity provides almshouse accommodation lo poor
persons ol good character who have lived in Dartmouth lor years prior lo their appointment In
exceptional c1rcumslances persons can be appointed from outside the town if they have strong links
lo the area. The charity also provides grants and donations lo local organisalions or resident
individuals in Dartmouth who are in need, hardship or dislfess.
The Iruslees confirm that they have complied with the requirements of section 17 of the Charities Act
2011 to have due regard lo the public benefit guidance published by the Charity Commission for
England and Wales.
ACTIVITIES FOR ACHIEVING OBJECTIVES
The priority ol the charity is lo continue lo upgrade and maintain Ils exi$ting almshouse properties lo a
high standard for the benefit ol the charity and Ils residents. all of whom are local people who have
mel the criteria ol the charity s scheme.
The charity is Increasing ils almshouse prov1510n by acqLJi511ion of properties or land lo build new
almshouses as and when finances and appropriate siles become available. Additions lo the portfolio
are brought up lo the charity's high standards of accommodation before they become available to new
residents.
GRANT MAKING POLICIES
Grant reque51s are individually assessed lo ensure compliance with the scheme.
ACHIEVEMENTS AND PERFORMANCE
REVIEW OF ACTIVITIES
The charity had nel inconTre before revaluation5 for the year of £280,058 12024." £267.1941 after
charging residential property repairs of £37.653 12024". £64,016). There was a decrease in the
valuation of ils charity sector unil trusts of £9,011 12024.. Increase £19.7151.
The general income reserve was £150.00012024. £150.0001.
The properties owned by the charity are shown as freehold property as these assets are being used
for the activities of the charity and are not held solely lo generate a return.
Page 2

Dartmouth United Charities
Trustee. Report (continued)
During the past year the Charity has pul its funds to use in several ways".
Installation of secondary glazing al one of our listed buildings. lo improve thermal comfort and
to help reduce the rather high heating bills.
Grant giving lotalling £92.008 fof the year. This has benefitted both local fesidenls and
organisations who support them. in order to felieve hardship, need and d15tress. Individuals
received up to £500 per household for essential Items including white goods. carpels and
beds Funding to organisalions Included Dartmouth Community Chest lo pay lor premises in
the market place. equipment for a play calé al Sl Clements Church. a targeted mentsl
well-being course al St Johns Primary School and up lo 15 places for disadvantaged pupils al
the Academy lo participate in a 5 day sail training trip organised by the Royal Dart Youth
Sailing Trust Dartmouth Caring and South Hams Citizens Advice have had further grants for
providing advice workers who support many of Dartmouth's most vulnerable residents to
aC￿sS benefrts and services.
FUTURE DEVELOPMENTS
In April 2024 Trustees made the decision to incorporate arbd become a Charitable Incorporated
Organisalion as allowed under the Charities Act 2011. The change will allow the Charity lo enter Into
contracts, employ stsff and hold propety in its own name rather than needing Trustees lo do so on its
behalf. It will also reduce the personal financial risks for Trustees. The transition will lake place over
the coming year. The objects of the charity will remain the same and we will continue to feport to and
be regulated by the Charity Commission.
FINANCIAL REVIEW
GOING CONCERN
As detailed above. the charity have commenced the process to convert lo a Charitable Incorporated
Organisalion ICIOI. It 15 believed that the prO￿sS will be complete in the coming financial year. At the
point of conversion, all assets and Iiabilitses of the exisbng char5ty will be transferred to the new CIO
and the existing charity will cease. The Iruslees therefore no longer consider the going concern basis
of accounting appropriate and these accoLÉnts have been prepared on the break up basis. In practice,
assets and liabilities wi15 be transferred to the new CIO at book value and the operations of the charity
will continue as before, albeit in a new legal entity. As such. there are no adjustments to the figures in
the financial statements as a result of applying the break up basis.
PRINCIPAL RISKS AND UNCERTAINTIES
The Trustees actively review the majoi risks which the charity faces on a regular basis and believe
that maintaining reserves al current levels, combined with an annual review of the controls over key
financial systems. will provide sufficient resources In the event of adverse conditions The Trustees
have also examined other operational and business risks faced by the charity and confirm that they
have established systems lo miligale the signrficant risks.
Trustees have put in place insurance cover to minimise the risks allsing from their ownership of land
and buildings. The cover is reviewed periodically to ensure buildings are fully insured.
RESERVES POLICY
11 is the policy of the charity to maintain fltnds al a level which would equate to al least 6 months
expend1ture. being £50,000 10 £150.000 The current free reserves are £150.000. This provides
sufficient funds lo cover management, administration and support costs.
Page 3

Dartmouth United Charities
Trustee, Report (continued)
MATERIAL INVESTMENTS POLICY
The Trust Deed aulhorises the Trustees lo make and hold investments usirig the general funds of the
charity The Trustees have considered the most appropriate policy for investing funds is the
ownership and management of residential properties and the provision of charitable benefits lo the
residents. Reserve funds are invested in specialised investment funds. designed for the charity sector
lo generate both income and capital gr0￿h The market value of the Investments funds was £248,687
12024. £257,6981 al the year end.
STRUCTURE. GOVERNANCE AND MANAGEMENT
CONSTITUTION
The charity is an unincorporated Trust currently being administered under a scheme of arrangement
made by the Charity Commission on 28 April 1953 and as amended in 1980 and 1988, with the power
lo use ils income lor the following purposes..
To defray the costs of the adminislralion and management of the charity.
To administer and manage the property of the charity
To use the properties ol the charity lor the provision of accomm￿allOn lor those in some
form ol need
To make donations or grants ol money or provide items, services or facilities lo individuals
resident In Dartmouth who are In conditions of need, hardship or distress or by way of
donations lo organisalion which undertake lo provide such items, services or facilities for
such persons.
METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the charity Is the responsibi5ity of the Trustees who are co-opted through public
advertisement or nominated under the terms ol the Trust Deed.
Appointment of Trustees is prescribed by the governing document of the ¢harily In 2023 the number
of nominations from Dartmouth Town Council was reduced from 2 10 1 The Trustees are authorised
lo appoint Trustees lo lill vacancies arising through resignation or the death of an existing Trustee.
The current Trustees are shown on page 1 along with others who have resigned since the 2025
accounts were approved. Mrs J Cawley was re-elected Chair of Trustees in January 2025.
POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES
Existing Trustees are already familiar with the practical works of the charity Newly appointed Iruslees
participate In a programme of induction and training lo become familiar with the charity and the
context within which il operates These cover the obligations ol Trustees, both individually and as
members of the Board, the framework of the charity, the current financial position as sel out in the
lalesl accounts and lulure plans and developments.
Page 4

Dartmouth United Charities
Trustee. Report (continued
PAY POLICY FOR SENIOR STAFF
There is a sub-committee of Trustees which had delegated authority from the Board to conduct an
annual pay rev1ew for all staff and agree the outcome of the review.
ORGANISATIONAL STRUCUTRE AND DECISION MAKING
The Trustees meet quarterly and are responsible for the strategic direction and policies of the charity.
The Trustees delegate the day to day responsibility for the management to the manager.
The manager. who is responsible for ensvring that the charity delivers the services specified and the
day lo day operational managemenl. also attends meebngs bul has no voting rights.
All Trustees give their b.me voluntarily and r￿1ve no remuneration or other benefits.
RISK MANAGEMENT
The Trustees have assessed the maior risks lo which the charity is exposed. in particular those
related to the operations and finances of the charity, and are satisfi'ed that systems and procedures
are in place to mitigate the charity's exposure to the major risks.
The Trustees are responsible for keeping proper accountir*g records that are sufficient lo show and
explain the charity's transactions and disclose with reasonable accuracy at any lime the financial
position of the charity and enable them lo ensure that the financial statements comply with the
Charities Act 2011, the Charity (Accounts and Reportsl Regulations 2008 and the provisions of the
Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregulanties.
INFORMATION ON FUNDRAISING PRACTICES
The DUC does not cary out any fundraising activitie5 either directly or throLsgh the use of a
commercial participator or pfofessional fundraiser.
Disclosure of information to auditor
Each member has taken steps that they ought lo have taken as a member in order to make
themselves aware of any relevant audit information and lo establish that the charity's auditor is aware
ol that information. The trustee confimi that there is no relevant informat￿￿ that they know of and of
which they know the auditor is unaware.
Page 5

Dartmouth United Charities
Statement of Trustee. Responsibilities
The Iruslee are responsible for preparing the Iruslee, report and the financial statements in
accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice) and applicable law and regulations.
The law applicable lo charities requires the Iruslee lo prepare financial slalemenls for each financial
year which give a true and fair view of the slate of affairs of the charity and of the incoming resources
and application ol resources of the charity for that period In preparing these financial slalemenls. the
Iruslee are required lo.
select suitable accounting policies and then apply them consislenlly.,
observe the methods and principles in the Charities SORP,
make judgements and eslimales that are reasonable and prudent,.
slate whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained In the financial slalemenls", and
prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presume
that the charity will continue in business.
The Iruslee are responsible lor keeping proper accounting records that disclose w￿th reasonable
accuracy al any lime the financial position of the charity and enable them to ensure that the financial
slalemenls comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations
2008, and the provisions ol the conslilulion The Iruslee are also responsible lor $8leguarding the
assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud
and other Irregularities.
Approved by the Iruslee of the charity on
61 io12F
and signed on ils behalf by..
J Cawley
Trustee
sLAjs￿ /YiAI
Trustee
Page 6

Dartmouth United Charities
Independent Auditor's Report to the Members of Dartmouth United Charities
Opinion
We have audited the financial statements of Dartmouth United Charits"es (the 'charity'l for the year
ended 30 April 2025. which comprise the Slalernent of Financial Activities. Balan￿ Sheet. Cash Flow
Statement, and Notes lo the Financial Staternenls. including a summary of significant accounting
policies. The financial reporting framework that has been applied in their preparation is united
Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland, and applicable law (United K1ngdom Generally
Accepted Accounting Practice).
In our opinion the financial stslements..
give a true and fair view of the slate of the charity's affairs as at 30 April 2025 and ol its incoming
resources and application of reSoUr￿s, Including its Income and expenditure, for the year then
ended",
have been property prepared in accordance with United Kingdom Generally Accepted Accounting
Practice.. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and
applicable law Our responsibilities under those standards are further described in the auditor
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant lo our audit of the financial
statements in the UK. including the FRC'S Ethical Stsndard. and we have fulfilled our other ethical
respons1bilities In accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Emphasis of matter - non-going concern basis of preparation
We draw attention to the di￿lOSure made in note 1 to the financial statements which explains that the
financial statements are now not prepared on the going concern basis for the reason set out in that
note. Our opinion is not mcKlified in respect of this matter.
Other information
The Iruslee ale iesptsnsible for the other infoTmation. The other infomialion comprises the information
included In the annual report, other than the financial statements and our auditor's report Ihereon. Our
opinion on the financial slalemenls does not cover the other information and. eX￿p1 lo the exlenl
otherwise explicitly staled in our report. we do not expre55 any form of assurance conclusion thereon.
In connection with our audit of the financial stslements. our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsislenl with the
rinancial statements or our knowledge obtained in the audit or otherwise appeaTS lo be materially
misstated. If we identify such matenal Inconslslencies or apparent material misstatements, we are
required to determine whether there is a material misslalemenl in the financial statements or a
material misslalement of the other infom)alion. If. based on the work we have performed, we conclude
that there is a material misslalemenl of this other inforrnation. we are required to report that fact
We have nothing lo report in this regard.
Page 7

Dartmouth United Charities
Independent Auditor's Report to the Members of Dartmouth United Charities
(continued)
Matters on which we are required to report by exception
In the light ol our knowledge and understanding of the charity and ils environment obtained in the
course of the audit, we have not Identified material misslalemenls in the Trustee, Report.
We have nothing to report In respect of the following matters where the Charities (Accounts and
Report) Regulations 2008 requires us lo report lo you If, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us, or
the financial slalemenls are not in agreement with the accounting records and returns.. or
certain disclosures ol Iruslee remuneration specified by law are not made, or
we have not received all the information and explanations we require lor our audit.
Responsibilitigs of trust¢è
As explained more lully in the Slalemenl of Trustee. Responsibilities Isel out on page 61, the Iruslee
are fesponsible for the preparation of the financial slalemenls and for being satisfied that they give
true and lair view. and for such inlernal control as the trustee determine Is necessary lo enable the
preparation of financial slalements that are free from material misslalemenl. whether due lo fraud or
error.
In preparing the financial slalemenls, the Iruslee are responsible lor assessing the charity's ability lo
continue as a go￿ng concern, disclosing. as applicable, matters related lo going concern and using the
going concern basis of accounting unless the trustee either intend lo liquidate the charity or lo cease
operations, or have no realislie allernalive bul lo do so.
Audltor Responsibilities for the audlt of the financial statemgnt$
Our objectives are lo obtain reasonable assurance about whether the financial slalemenls as a whole
are free from material misslalemenl, whether due lo fraud or error, and lo issue an auditor'5 report
that includes our opinion. Reasonable assurance is a high level ol assurance. bul is not a guarantee
that an audit conducted in accordance with ISAS IUKI will always delecl a material misslalemenl
when il exists Misslalemenls can arise from fraud or error and are considered material if. individually
or In the aggregate. they could reasonably be expected lo Influence the economic decisions of users
taken on the basis of these financial slalemenls.
Irregularities, including fraud, are Instances ol non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above. lo delecl material misslalemenls in respect
ol Irregularities. including fraud. The exlenl lo which our procedures are capable of detecting
irregularities, including fraud is detailed below.
Page 8

Dartmouth United Charities
Independent Auditor's Report to the Members of Dartmouth United Charities
(continued)
The extent to which the audit was considered capable of detecting irregularities including
fraud
Our approach lo identifying and assessing the risks of material misstatement in respect of
irregularities, including fraud and non-compliance with laws and regulations. wa5 as follows.
the engagement partner ensured that the engagement team collectively had the appropriate
compelenTr, capabilib'es and skills to idenbfy or recognise nOn-compl￿anCe with applicable
laws and regulations".
we Identified the laws and regulations applicable lo the company through discussions with
directors and other management, and from our knowledge and experien￿ of the chanty and
property sectors".
we focused on specific laws and regulatsons which we considered may have a direct material
effect on the financial slalemenls or the operations of the company. Including the Charities
Act 2011. laxalion legislation. data protection. anti-bribery. employfflenl law and health and
safety legislation".
we assessed the extent of compliance with the laws and regulations identified above through
making enquiries of management, reviewing licenses, certificates and relevant
Corresponden￿ including the inspection of legal correspondence,. and
identified laws and regulations were communicated within the audit team regularly and the
team remained alert to InStan￿S of non-complian￿ throughout the audit.
We assessed the su5￿PIlb1llty of the company s fir)ancial statements to material rni55tatement.
including obtaining an understanding of how fraud might occur. by".
making enquiries of management as to where they considered there was susceptibility to
fraud, their knowledge of actual, suspected and alleged fraud., and
considering the internal controls in pla￿ to mits.gale risks of fraud and non-compliance with
laws and regulations
To address the risk of fraud through management bias and override of controls, we..
performed analytical procedures to identify any unusual or unexpected relationships-
lesled journal entries lo identify unusual transactions..
assessed whether judgements and assumptions made In determining the accounting
eslimales were indicative of potential bias. and
investigated the rationale behind signrficant or unusual Iransaclions.
In response lo the risk of irregularitie5 and non-compliance with laws and regulations, we designed
procedures which included. but were not limited to.
agreeing financial statement disclosures to undertylng supporting documentation-,
enquiring of management as lo actual and potential litigation and claims". and
reviewing correspondence with HMRC, relevant regulators and the company s legal advisors.
There are inherent liniitabons in our audit procedures descrit)ed above. The more removed that laws
and regulations are from financial Iransaclions, the less likely it is that we would become aware of
non-compliance Auditing standards also limit the audit procedures required lo Identify
non-compliance with laws and regulations lo enquiry of the directors and other rnanagemenl and the
inspection of regulatory and legal correspondence. if any.
Page 9

Dartmouth United Charities
Independent Auditor's Report to the Members of Dartmouth United Charities
(continued)
Material misslalemenls that arise due lo fraud can be harder to deleel than those that arise from error
as they may Involve deliberate concealment or eollusion.
A further description of our responsibilities is available on the Financial Reporting Council's website
at". ww.Irc.org.uklaudilorsresponsibilities. This description foms part ol our auditor's report.
Use of our report
This report is made solely lo the charity Iruslee, as a body, in accordance with section 144 of the
Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been
undertaken so that we mighl stale lo the Iruslee those matters we are required lo slate lo Iruslee in an
8udilors' report and for no other purpose. To the lullesl exlenl permilled by law, we do not accept or
assume responsibility lo anyone other than the charity and its Iruslee as a body, for our audit work, for
this report, or lor the opinions we have formed
LLP
Mr David Tucker (Senior Slalulory Audilorl
For and on behalf of Thompson Jenner LLP, Statutory Auditor
1 Collelon Crescent
Exeter
Devon
EX2 4DG
Dale..
Page 10

Dartmouth United Charities
Statement of Financial Activities for the Year Ended 30 April 2025
Totsl
2025
Unrestricted Endowment
Note
Income and Endowments from:
Donation5 and legacies
Charitable activities
Investment Income
279.712
188.282
40.945
1.800
279.712
188,282
40,945
1,800
Other income
Total income
510,739
510.739
Expenditure on:
Charitable activities
6,7.8,9
230,681
230,681
Total expenditure
230,6811
230,681
Net income
280,058
280,058
Other recognised gains and losses
Nel gains on inve51menls
15
9.011
9,011
Net movement in funds
271,047
271,047
Reconciliation of funds
Total funds brought forward
3,929,024
1,680,000
5,609.024
Total funds carried forward
20
4,200.071
1,680,000
5,880,071
The notes on pages 15 10 28 form an integral part of these financial slalemenls.
Page11

Dartmouth United Charities
Statement of Financial Activities for the Year Ended 30 April 2025 (continued)
Total
2024
Unrestricted Endowment
Note
Income and Endowments from:
Donations and legacies
Ch2rilable activities
Investment income
Other Income
297,948
172,012
47,177
1,627
297,948
172,012
47.177
1,627
Total income
518,764
518.764
Expenditure on-
Charitable activities
6.7,8,9
1251,570
1251,570
Total expenditure
1251,570
1251,570
Nel income
267,194
267,194
Other recognised gains and losses
Nel gains on Invèstments
Nel movement In funds
15
19,715
19,715
286,909
286,9D9
Reconciliation of funds
Total funds brought forward
3,642,115
1.680.000
5,322.115
Total funds carried forward
20
3,929,024
1,680,000
5,609,024
All of the chanty's activities derive from continuing operations during the above period5.
The notes on pages 15 10 28 lom an integral part of these financial slalements.
Page 12

Dartmouth United Charities
(Registration number: 203399)
Balance Sheet as at 30 April 2025
202S
2024
Note
Fixed assets
Tangible assets
Investments
14
15
5,019,819
248,687
4,370.132
257,698
5.268.506
4,627,830
Current assets
Debtors
Cash al bank and in hand
16
17
9.277
666.060
7.614
1,031,517
675.337
1,039,131
Creditors-. Amounts falling due within one year
18
63,772
57.937
Net current assets
611.565
981.194
Net assets
5,880,071
5,609,024
Funds of the charity..
Endowment
1,680.000
4,200,071
1,680.000
3,929.024
Unreslricled
Total funds
20
5,880,071
5,609.024
The financial statements on pages 11 to 28 were approved by the trustee, and authorised for issue on
and signed on their behalf by.
J Cawley
Trustee
The notes on pages 15 to 28 form an integral part of these financial statements.
Page 13

Dartmouth United Charities
Cash Flow Ststement for the Year Ended 30 April 2025
2025
2024
Note
Cash flows from operating actlvitles
Nel cash Income
271,047
286,909
Adlustments to cash flows from non-cash Items
Depreciation
Investment income
Revaluation of investments
1,838
140,9451
9,011
779
147.1771
19.715
240.951
220,796
Working capital adjustments
Ilncreaselldecrease in debtor$
Increase in creditors
16
18
11,6631
5,835
2.223
45,279
Nel cash flows from operating activities
245,123
268,298
Cash flows from investing activlties
Interest receivable and similar income
Purchase of tangible fixed assets
Purchase of investments
Sale ol Investments
40,945
1651.5251
47,177
1138.0521
11,4451
25.000
14
15
Nel cash flows from investing aclivilies
Nel Idecreasellincrease in cash and cash equivalents
610.580
67.320
1365,4571
1,031.517
200,978
Cash and cash equivalents al 1 May
Cash and cash equivalents al 30 April
830.539
666,060
1.031,517
All ol the cash flows are derived from continuing operations during the above periods.
The notes on pages 15 to 28 form an integral part of these financial slalemenls.
Page 14

Dartmouth United Charities
Notes to the Financial Statements for the Year Ended 30 April 2025
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities." Statement of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 (effective l January 20191 (Charities SORP IFRS 10211. the Financial Reporting Standard
applicable In the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
Basis of preparation
Dartmouth United Charities meets the definition of a public benefit entity under FRS 102. The
accounts Ifinancial stalemenlsl have been prepared under the historical cost convention with Items
recognised at cost or Iiansa¢lion value unless otherwise slated in the relevant nolelsl to these
accounts.
Going concern
The financial statements are prepared on the break up basis, due to the intended conversion of the
charity into a Charitable Incorporated Organisation ICIOI in the next financial year. This will involve
transferring all assets, liabilities and operations of the charity lo the new CIO, at which point the
existing charity will cease. Assets and Iiabililies will be transferred al book value, hence there are no
adiustmenls lo the figures in the financial statements as a result of applying the break up basis.
Income and endowments
Voluntary Income Including donations. gifts. legacies and grants that provide core funding or are of a
general nature Is recognised when the charity has entillemenl lo the income, il is probable that the
income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the
amount can be reliably measured.
Deferred income
Deferred income represents amounts received for future periods and is released lo incoming
resources In the period for which. Il has been received. Such income is only deferred when..
The donor specifies that the grant or donation musl only be used in future accounting periods., or
The donor has imposed cond11ions which must be mel before the charity has unconditional
enlitlemenl.
Investment incon7e
Dividends are recognised once the dividend has been declared and nolilicalion has been received of
the dividend due.
Page 15

Dartmouth United Charities
Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)
Other income
Interest on funds held on deposit is Included when receivable and the amount can be measured
reliably by the charity", this is normally upon nolificalion of the interest paid or payable by the bank.
Rental income relates only lo office space provided lo The Dartmouth Trust Rental Income is
recognised over the period lor which the space is occupied by The Dartmouth Trust and on a time
apportionment basis
Expenditure
All expenditure is recognised once there is a legal or conslruclive obligation lo that expenditure, il is
probable selllemenl is required and the amount can be measured reliably All costs are allocated lo
the applicable expenditure heading that aggregate similar costs lo that category Where costs cannot
be direclly attributed lo particular headings they have been allocated on a basis consislenl with the
use of resources, with central stsff costs allocated on the basis of lime spent, and depreciation
charges allocated on the portion of the asset's use. Other support costs are allocated based on the
spread of s12ff costs.
All expenditure is inclusive of irrecoverable VAT.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activitie5
and seryices for ils beneficiaries. 11 includes both costs that can be allocated directly lo such activities
and those costs of an indirect nature necessary lo support them.
Grant expenditure
Grants payable are charged in the year when the offer Is made except In those cases where the offer
is conditional. such grants being recognised as expenditure when the conditions attaching are fulfilled.
Grantprovisions
Provisions lor grants are made when the intention lo make a grant has been communicated lo the
recipient bul there Is uncertainty about either the liming ol the grant or the amount of grant payable.
Support costs
Support costs are those costs incurred directly in support of expenditure on the objectives of the
charity and Include project management carried out al head office.
Governance costs
These include the costs attributable lo the charity's compliance with conslilulional and stalulory
requirements. Inclucling audit. strategic management and trustee meetings 2nd reimbursed experTrses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation lax purposes.
Accordingly, the charity is potentially exempl from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the exlenl that such income or gains are
applied exclusively to charitable purposes.
Page 16

Dartmouth United Charities
Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)
Tanglble fixed assets
Tangible fixed assets are carried at cost or valuation, net of depreciation and any provision for
impairment.
Depreciation and amortisation
Freehold property Is considered by the Trustees lo have a high residual value and long economic life
lo render the annual depreciation charge immaterial.
Asset class
Solar panels
Depreciation method and rate
4 1 slraighl line basis
Impaimient offixed assets
The Trustees review the freehold properties for impairment al the end of each reporting period
Fixed asset investments
Fixed asset Investments, other than programme related inveslmenls. are included al market value at
the balance sheet dale. Realised gains and losses on investments are calculated as the difference
between sales proceeds and their market value at the start ol the year, or their subsequent cost, and
are charged or credited lo the Slalement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are
credited or charged lo the Slalemenl of Financial Activities based on the market value al the year end.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the
ordinary course of business.
Trade debtors are recognised initially al the transaction price. They are subsequently measured at
amortised cost using the effective interest method, less provision for impairment. A provision for the
impairment of trade debtors is established when there Is obieclive evidence that the charity will not be
able to coSlecl all amounts due according lo the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits. and other short-term highly
liquid Investments that are readily convertible lo a known amount of cash and are subject lo an
Insignificant risk of change in value.
Trade creditors
Trade creditors are obligations lo pay lor goods or services that have been acquired in the ordinary
course ol business from suppliers Accounts payable are classified as current liabilities if the Trade
creditor does not have an unconditional right. al the end ol the reporting period, lo defer settlement of
the creditor for al least twelve months after the reporting dale If there is an unconditional right lo defer
settlement lor al least twelve months after the reporting date, they are presented as non-current
Trade Creditors are recognised initially al the transaction price and subsequently measured at
amortised cost using the effective interest method.
Page 17

Dartmouth United Charities
Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)
Fund structure
General funds are unrestricted funds that are available for use at the Iruslees, discretion in
furtherance ol the objectives of the charity
Oesignaled funds are unreslricled funds sel aside for specific purposes al the discretion of the
trustee5 The aim and use ol each designated fund is sel out In the note5 to the financial slalemenls.
Financlal Instruments
The charity only has financial assets and financial liabilities ol a kind that qualify as basic financial
instruments Basic financial instruments are initially recognised al transaction value and subsequently
measured al their 5elllemenl value with the exception of bank loans which are subsequently
measured al amortised cost using the effective Interest method.
2 Income from donatlons and legacles
Unrestrictgd
funds
Gengral
Total
2025
Total
2024
Donations and legacies".
Donations from companies, trusts and similar
proceeds
279,712
279.712
297,948
279,712
279.712
297.948
The prior year's lolal income from donations and legacies of £297,948 was unreslricled.
3 Income from charitable activities
Unrestricted
funds
General
Total
2025
Total
2024
Contributions paid by residen15
Car parking
Guest suite
Laundry income
176.893
9,416
1.315
658
176,893
9,416
1.315
658
161.587
9.058
835
532
188.282
188,282
172,012
The prior year's total income from charitable activities of £172,012 was unreslricled.
Page 18

Dartmouth United Charities
Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)
4 Investrnent income
Unrestricted
funds
General
Total
2025
Total
2024
Interest receivable on bank deposits
Other income from fixed asset investments
33,369
7.576
33.369
7,576
38.876
8,301
40,945
40,945
47,177
The prior yearfs total investment income of £47.177 was unrestricted_
5 Other income
Unrestrieted
funds
General
Total
funds
Rental income
1.800
1.800
Total for 2025
1.800
1.800
Total for 2024
1.627
1.627
6 Direct Costs
Total
Total
2025
2024
Call 24
470
1,276
600
C5eaning and removal costs
Television licences
430
267
241
Property and contents insurance
Health and safety
Gas and electric
5.548
7,098
2.883
5.541
11.661
12,772
5,524
779
Water charges
Depreciation
4.766
1.838
30.521
31,173
Of the total direct ￿st$. £30,521 12024.. £31,173) was unrestricted.
Page 19

Dartmouth United Charities
Notes to the Financial Statements for the Year Ended 30 April 2025 Icontinuedl
7 Support Costs
Total
Total
2025
2024
Legal and professional fees
Advertising
Sundry expenses
Stsff training
Subscriptions lo Almshouses Association
Trustee indemnity insurance
Property repairs and refurbishments
Wages and salarie5
18,651
11.377
721
672
599
197
304
296
37,653
38,722
64,016
34,355
96,650
110,913
Of the total support costs, £96,65012024.. £110,9131 was unreslricled.
8 Governance Costs
Unrestrlcted
Total
Total
funds
funds
funds
2025
2025
2024
Governance Auditors, remuneration
2,830
1,970
4,302
2,400
2,830
1,970
4,302
2,400
2,830
1.970
3,817
Governance Audilors, non audit costs
Governance expense wages and salaries
Governance expense - legal and professional
11,502
11,502
8.617
The prior year's lolal governance costs of £8.617 was unreslricled.
Page 20

Dartmouth United Charities
Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)
9 Grant-making
Analysis of grants
2025
2024
Analysis
Individuals donations
Dartmouth Caring
Citizens Advice South Hams
Royal Dart Youth Sailing Trust
Dartmouth AFC Swifts
Dartmouth Community Chest
St John Baptist School
Rowcroft Hospice
Dartmouth Youth Group
First Responder Group
The Flavel - youth drama bursaries
Junior Water Safety Programme
5,423
50,000
12,990
6,300
1,395
14,400
1,500
4.640
50.000
18.648
2,319
1,000
10,000
6.000
4,000
2,160
2.100
92,008
100.867
Of the total grant making aclivies, £92,00812024'. £100,867) were made from unreslricled funds.
10 Net incomingloulgoing resources
Net incoming resources for the year include".
2025
2024
Audit fees
Other non-audil serVI￿S
Depreciation of fixed assets
2,830
1,970
1,838
2,830
1,970
779
Page 21

Dartmouth United Charities
Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)
11 Trustee remuneration and expenses
No Iruslee. nor any persons connected with them. have received any remuneration from the charity
during the year.
No Iruslees have re￿iVed any reimbursed expenses or any other benefits from the charity during the
year.
12 Staff costs
The aggregate payroll costs were as follows..
2025
2024
Staff costs during the year were:
Wages and salaries
43,024
38.172
The monthly average number ol persons (including senior management I leadership team} employed
by the charity during the year expressed as full lime equivalents was as follows.
2025
No
2024
No
Employees
The charity considers the Trustees lo be the members of key management personnel. During the year
the key management personnel received compensation of £nil. 12024". £nill.
No employee received emoluments of more than £60,000 during the year
13 Taxation
The charity is a registered charity and Is therefore exempl from taxation.
Page 22

Dartmouth United Charities
Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)
14 Tangible fixed assets
Propertigs
under
construction
Land and
buildings
Solar panels
Total
Cost
Al 1 May 2024
Additions
4,229,751
281,072
45,940
95,220 4,370,911
370,453
651,525
AI 30 April 2025
4,510,823
45,940
465,673 5,022,436
Depreciation
Al 1 May 2024
Charge for the year
779
1,838
779
1,838
AI 30 April 2025
2,617
2,617
Net book value
AI 30 April 2025
4,510,823
43,323
465,673 5,019.819
At 30 April 2024
4.229,751
45,161
95,220 4,370.132
The Victoria Road properties were revalued on Irans11ion lo FRS102 at 1 May 2015 and given a
valuation of £2.370.000, which represenled the Trustees. best estimate of the market value at that
dale. This 11gure was used as deemed cost on transition. The historical cost of these buildings was
£2.069,888 and no depreciation had been charged.
Page 23

Dartmouth United Charities
Notes to the Financial Statements for the Year Ended 30 April 2025 {¢ontinued)
15 Fixed asset investments
Other Investments
Listed
investments
Total
Cost or Valuation
At 1 May 2024
Revaluation
257.698
9,011
257,698
19,011
AI 30 April 2025
248,687
248,687
Net book value
AI 30 April 2025
248,687
248.687
At 30 April 2024
The investments are held in a mixed portfolio.
257,698
257,698
16 Debtors
2025
2024
Trade debtors
Prepayments and accrued income
196
7,418
9.277
9,277
7,614
17 Cash and cash equivalent5
2025
2024
Cash on hand
Cash al bank
169
665,891
70
1,031,447
666,060
1,031,517
18 Creditors.. amounts falling due within one year
2025
2024
Trade creditors
Other creditors
Accruals
260
1.751
61,761
27.196
2,211
28,530
63,772
57,937
Page 24

Dartmouth United Charities
Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)
19 Commitments
Capital commitments
In the prior year the charity entered into a contract for the development of family alms houses on
land owned by the charity Al the year end. development of the properties was ongoing. The charity
look practical completion on 27 June 2025.
The lotsl amount contracted for but not Provided in the fnancial statements was £58,429 12024
£425,273)
20 Funds
Balance
at1 May
2024
Other
Balance
Incoming Resources
recognised
at30
resources
expended Transfers gainslllossesl April 2025
Unrestricted funds
General
Income Account
150,000
510,739
1230,6811 1271.0471
19,0111
150,000
Other
Extraordinary
repair
Cyclical
maintenance fund
New propety
Realised capital
reserve
115,686
18,750
134,436
12,890
960,316
60,000
1457,3901
72,890
502,926
100,227
100.227
Unrealised
revaluation reserve
Propety reserve
300,112
2,289,793
300.112
2,939.480
4,050,071
649,687
3,779,024
271.047
Total unrestricted
funds
3,929.024
510,739
1230.6811
19,0111 4,200,071
Endowment funds
Permanent
Endowment funds
1,680.000
1,680,000
Total funds
5,609.024
510.739
230,6811
9,011
5,880,071
Page 25

Dartmouth United Charities
Notes to the Financial Ststements for the Year Ended 30 April 2025 (continued)
The extraordinary repair fund is for the purpose of providing for the extraordinary repair, improvement
or rebuilding ol the almshouses belonging lo the charity
The new propety reserve has been set aside in order lo fund the purchase of properties to be used
by the charity lo fulfil ils obieclives.
The realised capital reserve represents the nel proceeds of funds from the sale of properties.
The unrealised revaluation reserve represents the movement in value of the properties that are not
endowment, based on their open market value compared lo their nel book value.
The propety reserve fepresenls the historical cost of nonondowed properties.
The income account represents the excess of incoming funds over outgoing resources accumulated
by the charity.
The endowment funds represent the market value of the properties held by the charity that were
endowed to them lo be used lo meet the objectives of the charity Income and expenditure is
disclosed within unreslricled funds as any surplus is available for general purposes.
Page 26

Dartmouth United Charities
Notes to the Financial Statements for the Year Ended 30 April 2025 Icontinued)
Balance
at1May
2023
Other
Balance
Incorning Resources
recognised
at30
resources
expended Transfers gainsll1055e51 April 2024
Unrestricted funds
General
Income Account
200,000
518,764
1251.5701 1336,9091
19,715
150,000
Other
Extraordinary
repair
Cyclical
maintenance fund
New property
Realised capital
reserve
98,494
17,192
115.686
12,890
777,872
12,890
960.316
182.444
100,227
100,227
Unrealised
revaluation
reserve
300,112
2,152,520
300,112
2.289.793
Property reserve
137,273
3,442,115
336.909
3.779.024
Total unrestricted
funds
3,642, 115
518,764
1251,5701
19,715 3.929.024
Endowrnent funds
Permanent
Endowment fLJnds
1,680,000
1.680,000
Total funds
5,322,115
518.764
251.570
19,715 5,609.024
Page 27

Dartmouth United Charities
Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)
21 Analysis of net assets between funds
Endowment
funds
Pemianent
Total funds
at 30 April
2025
Unrgstricted funds
General
Other
Tangible fixed assets
Fixed asset investments
Current assets
Current Iiabililies
3,339,819
248.687
461,565
1,680.000
5.019,819
248,687
675,337
63.772
213,772
S3,772
Total nel assets
150,000
4,050.071
1,680.000
5.880,071
Endowmont
funds
Permanent
Total funds
at 30 April
2024
Unrestricted funds
General
Other
Tangible fixed assets
Fixed asset investments
Current assets
Current Iiabililies
2,690, 132
257,698
831,194
1,880,000
4,370,132
257.698
1,039.131
57,937
207,937
57,937
Total nel assets
150,000
3,779,024
1,680,000
5,609.024
22 Non-adjusting evonts after thg financial period
The charity purchased an additional family alms house following the year end for £242,660.
23 Related party transaetlons
During the year the charity made the following related party Iransaclions..
The Dartmouth Trust
Ms L Osgood was also a Iruslee of The Dartmouth Trust during the year. Dartmouth United Charities
received income from The Dartmouth Trust that amounted lo £281,512 12024. £299,575). The
Dartmouth Trust also charged £43.02412024. £38.1721 for wages and £3,80912024. £3.1921 for other
expenses that were paid on behalf of Dartmouth United Charities
Al the balance sheet dale the amount due lo The Dartmouth Trust was £51912024 £Nill.
24 Controlling party
The charity is controlled by the TTuslees
Page 28