DORMERS HOSPITAL CHARITY STATEMENT OF ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2025
DORMERS HOSPITAL CHARITY CHARITY INFORMATION Trustsos R Barber and re-appointed C R B Goldson OBE ITreasur8r) S Kelly (Chair) A Thomson and rwppointed T Gregory lappolnted 7 May 2024) L Hudson (appointed 4 March 2025 Charlty Mglstratlon number 2Cfj379 Rfygulator of Soclal Houslng roglstratlon number A2917 Address 27B Aylesbury Road Wng Leighton Buzzard 8edford8hire LU7 OPD Sollcltors Austin & Camley Bridge House Bridge Street Lelghton Buzzard Bedfordshire LU7 IAH Bankors CAF Bank Lttl 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Indopondont Examlner Mr S J Wilson Upton Wilson Ltd 3 West Street Leighton Buzzard Bedfordshirg LU7 1DA
DORMERS HOSPITAL CHARITY CONTENTS Page Trustees report ststement of trustees responsibilities Independent examiners, report Income and expenditure account Balance sheet Notes to the accounts 7-10
TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees present their report and accoL¢nts for the year ended 31 December 2025. The accounts have been prepared in accordance with the acwunting policies sel out in note 1 to the accounts and Comp with the ch8rity's Trust Deed. the Financial Reporting Standard FRS 102, thè Charities Act 2011, the Co- operative and Community Benefits So¢ielies Act 2014, the Housing and Regeneration Act 2008. Structurei govomanco and managgrnent The charity is governed by a Trust Deed dated 8 July 1980. The Trusts objeGts are the provision of housing The trustees who geed during the year were: R Barber (Wing Parish Council nominee appointed from 25 February 2021 until 30 April 2025), and re-Appointed. T Gregory (appointed on 7th May 20241 C R B Goldson OBE Icowopted trustee reappointed from 5 September 2023 until 30 October 2028) S Kelly nominated, reappointed from 5 Septsmber 2023 until 30 April 20271 A Thomson Co-opted appointed from 3 March 2020 to 2 March 20251, and re-appointed. L Shephard Nominated, appointment (as PC nominated Injstee) noted 5 September 2023, resigned on 12th July 2025. L Hudson appointed 4th March 2025. As set out in the Trust Deed, the tnJstees shall o)nsist of one ex officio trustee, being the Vicar of All Saints, Wing, four nominated trustees appointed by Nng Parish Council and co-opted trustees who. through residence, OGGUPation or employment or otherwise have 5pe¢lal knowledge of the Parish of Wing. New Iruslees recewe training from exlsting tnjgtees regarding the objectives and operation of the Trust. They also gain an understanding of their legal obligation wrth regard to charity law and the structure of the Trust. They are advised of appropriate Iraining ¢ourse$ and are encouraged to attersd. The trustees adminlster the charity and meet bi-monthty. None of the ttustees receive remuneration or other benefft from their work with the charity. The tNstees have assessed the major risks to whith the charity ts exposed, and are satisfied that systems are in pla¢e lo mitigate exposure to the major risks. Objoctlves. actlvltles, achlav•mènt5 and pgrforman The charity'3 objects are the provi$lon of alm$houses Wing, Buckinghamshire. The aims of the chaty are the provision of housing in Wng, Buckinghamshire. The objectives for the year were to ntinUe lo ensure that the housing remains of decent standard for the benefit of current and future residents. The trustees have paid due ragard to guidance issued by the Charity Comml$$lon In d8ciding what activities the charity should undertake. During the year the charty continued to maintain both the properties and the site. The ¢harity c¥)ntinued to pursue Its programme of irnprovements to the propertie8. Page 1
TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Flnanclal roViOW The trust had a surplus for the year of £28,649 including investment gain$ of £16,958. With the level of reseNes, the Charity will be able lo continue with the provision of housing and to maintain the properties. It is the poliw of the charity that revenue funds which have not been designated for a specific use should be maintained al a level equivalent to betsveen three and six month's expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in income, they will be able to continue the Ghadty's current aGtivities while Gonsideration is gNen to ways in which additional income may be raised. This level of reseeS has been maintained Ihroughout the year. On bgholf of the board of trustèe Trustee Dated.. Page 2
STATEMENT OF THE TRUSTEES, RESPONSIBILITIES IN RESPECT OF THE ACCOUNT8 Charity law requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the slate of the affairs of the charity and of the income and expenditure for the year. In preparin9 these financial statements the trustees are requlred to.. select suitable accounting policies and appty them consistently.. make judgements and estimates that are reasonable and prudent., prepare the financial statsmenls on the going concem basis unless It is inapproprlate-, state whether applicable accounting standards have been followed. The truslees are regponsible for keeping proper accounting record$ which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the a¢Unts comply wlth the ChaTities Act 2011, the CoryoperatNe and Community Benefits Societies knt 2014, the Housing and Regeneration Act 2008. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable Steps for the prevention and detection of fraud and other iTregularitie$, by establishing and maintaining a satisfactory system of control over the charity's arKounting records, Gash holdings and all its receipts and remittances. Page 3
INDEPENDENT EXAMINERS. REPORT TO THE TRUSTEES OF DORMERS HOSPITAL CHARI I report on the accounts of the trust ft)r the year ended 31 December 2025, which are set out on pages 5t010. Re8PeCtive rggponslbilitigs of truste05 and •xamlner The charity's trustees are respjnsible for the preparation of the aiLounts. The charity'$ trustees wnsider that an audil Is not required for this year under section 144(21 of the Charitie¥ Act 2011 (the 2011 Act) and that an independent examin*ion is negd•d. It Is my responslbllity to.. examine the accounts under section 145 of the 2011 Act.. to follow the procedures laid down in the 98neral Directions glven by the Charity commission under section 145(51{bl of the 2011AcL' and to state whether particular Tnatters have come to my attention. Basls of Indop8ndont •xamlnorfs report My examinatlon was carried out in accordan with the General Dlrection5 given by the Charity Commission. Commission under Section 14515llbl of the Act. An exaTninatlon includes ? review of the ?Onting records kept by the charity and a comparison of the accounts presented with those records. It also indudes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees conceming any such matters. The proCEdu$ undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a Inje and fair view. and the report is lirnited to those matters set out in the statement below. Indopond•nt oxamlnefs statoment In connection with my examination, no matter has me to my attentlon.. which gives me reagonable cause to believe that in any material respect the requirements to keep accounting records in 8jrdace with section 130 of the 2011 Act.. and to prepare accounts which accord with the aexounting records and to comply with the accounting requirements of the 2011 Act, have not been met,. or 121 to which, in my opinion, attentlon should be drawn in order to enable a proper understanding of the accounts to be reached Stgphon J Wilson Upton Wllson Ltd Chartered Certified Accountartts 3 West Street Leighlon Buzzard Bedfordshire LU71DA Page 4
INCOME AND EXPENDITURE ACCOUNT FOR ThTE YEAR ENDED 31 DECEMBER 2025 2025 2024 Nots$ Turnover 26.993 26,057 Op6ratln9 costs -24,099 -13.274 Oporatlng $urplus (d9fl¢ll) 2,894 12,783 Interest roc•lvablo and slrnilar Income 8.312 7,938 InvoStmont galnl(lossl 16,958 4,458 Surplus (dgflGItI for the year (Total comprohon$iv• incom• for tho yearl 28,164 25.179 The financial statements were approved by the trustees on its behalf by.. and signed on Chalmian Tru$ts9 Trusts• Pago S
BALANCE SHEET AS A T 31 DECEMBER 2025 2025 2024 Fixed assets Tangible assets- Housing properties 67,911 68,182 Currant assets Debtors Investments Cash at bank 602 165,611 67,810 825 142.153 62,125 10 234,023 205.103 Crgditors: amounts falllng duo withln one ygar 11 -720 -720 Not current assots 233,303 204,383 Total assets Igss curront Ilabllltlos 301,214 272,565 Cradltors: amounts falllng duo aftoron8 ygar 12 7.004 7.004 Net assgts 234,210 205.561 The finan¢lal statements were approved by the trustees on its behalf by.. 121sl Ji and slgned on 211126 Chalmian Trustse TnBt•o Pagg 6
NOTES TO THE ACCOUNTS 1 Legal ststus The Charty wa8 established in 1569. The Charity constitutes a public benefit entity as defined by FRSIO2. 2 A¢¢ountlng policl•g a) Basls of accountlng The financlal statements are prepared under the historical cost Gonvention as modified by the revaluation of current asset investments in accordance wlth Financial Reporting Standards 102 IFRS1021 issued by the Financial Reporting Council, the Statement of Recommended Prartice for Registered Social Housing Provider5 2014 (SORPI, the Housing and Regeneration Act 2008 and the Charities Act 2011. b} Turnovor Tumover represents wntribution ino)me receivable in the year. The Charty is not registered for Value Added Tax. ) Houslng land and buildings The housing properties were gifted to the charity in 156g. The properties were renov2t8d, with the aid of Social Housing Grants, in 1981182. The development Gost of housing properbes include.. all development expenditure Interest charged on the mortgage loans raised to financ2 the scheme. These costs were met through SoGial Housin9 Grants gnd. in the case of non-qualifying expenditure, Ihrough the charity's Intemal funds. The charity has rèvi8wed the economic useful lives of its housing properties and provides depreciation Isee d) belowl- d) DeprnGiation and Impalmi8nt Freehold land 1$ not depreciated. Depreciation at the rate of 5% per annum of houslng properties is effectivety recognised.. by Social Housing Grants which reduce the net investment in hou$ing properties to an 8mouiit which can be recovered from the expected net rental income., and in respect of that proportion of cost not financed by Social Housing Grants, by making periodic charges for depGiatIon in the property revenue account. Housing properties are reviewed for impairment annualty and Whe housing properbes have suffered a permanent diminution in value, the fall in value is recognised after taking account of any related Gapital grants. There are no other assets against which depreclatlon Is charged. e} Works to oxisling houslng properties The charity capit8llse$ expenditure on housing properties whiGh increases the net rental stre8m over the life of the property. An increase In the rental stream may arise through an Increase in the rental income, a duCtIon in fvture maintenance iy)sts, or a significant extension to the Ilfe ofthe propety. fj SoGlal Houslng GTant8 (SHG) Grants were made to the charity by the Department of the Environ[nI been September 1982 and January 1984. The amount of SHG is calculated on the qualifying wsts of the scheme in accordance with instnjctions issued from time to time by the Regulator of Social Housing. Pago 7
NOTES TO THE ACCOUNTS coKriNUED Accounting pollclos continuad g) Invostments Investments are recognised at their IransaGtion value and Sltbsequently measured at their tair value as at the balance sheet date using the closing quoted market pri. The Statement of Financial Activities indudes the net gains and losses arising on revaluation and disposals throughout the year. Financial Instrumonts Flnancial assels and financial liabilities are recognised when the Charity becomes a paty to the conlraclual provisions of the instrument. Bas1¢ financial assets which inGlude det)tors and cash and bank balances are initially measured at transaction price including transaction cxJsl3 and are subsequently carried at amortised cost using the effective interest method. Basic financial liabilities, which include creditors. bank loans and loans a initially recognised at transaction price unless the arrangement conslitules a financing transaction. Capltal fund The charity has no Share capital. The capital fund represents the valuations of the propety, based on Regulator of Social Housing definrtions and valuations, and cost of the 1982 renovations met by pi7vale fund$. h} i) Revenue fund This fund represents the accumulated surplus of income over expenditure. Partlculafs of Income and expendltur& from social housing octivitios 2025 2024 Housing a¢¢ommodatlon - Income.. Contributions Expenditure.. Residents, services Routine maintenance Major repairs Depreciation of housing properbes Administrative ¢osl$ 430 732 1,907 17,677 271 1,068 182 285 3,814 6,646 Operatlng Costs 24,099 Operating surplus Ideficill on social housing lettings Intaro Mc•lvabl• and #lmilar In¢omo 2025 2024 Interest receivable Dtvidends receivable 1,584 6,728 1,868 8,070 8,312 7,938 Page 8
NOTES TO THE ACCOUNTS CONTINUED Investmènt gain¥l{losses) 2028 2024 M&G Charity Mulli-Asset Fund shares 16,958 2,038 16.958 Surplus on ordlnary a¢tiville¥ 2025 2024 Sufplus on ordinary activtties is st*d after charging- Auditors, remuneration lincfuding expenses} for the year Taxation The charity is a registered charity and exempt from tax. Fixed assets - s131 houslng land and buildlngs available for lfrttlng 2023 2024 Cost and valuation At beginning and end of year 96.268 Depreciation.. At beginning of year Charge during the year 28,086 271 27,801 285 At end of year Net book value.. At beglnnlng of year 68,182 68.467 At end of year The insurance value of housing buildings at the year end was £983,88312024 - £964,591) compared with a cost of £96,26712024 - £96,267). The land and buildings of the charity are freehold. Dobtors 202S 2024 Gonlribution¥ Prepayments 602 824 602 824 Page 9
NOTES TO THE ACCOUNTS CONTINUED 10 Curront assot Investments - valuatlon 2025 2024 M&G Charity Multi-Asset Fund - 160.134.374 shares 12024 - 153.131.569 $hares1 165612 142 153 11 Creditors (amounts due wlthln one year) 2025 2024 Aru81$ and deferred Income 720 1,644 720 12 Crndltor• (amount• du• aft•r •n• y•arl 2025 2024 Social Housing Grant 67,004 67,004 13 Capltal fund (rastrlcted 2,025 2,024 BalanrE ot beginning and end of year 14 Ravonu8 fund 2023 2024 Balance at beginning of year Surplus of revenue during the year 172,055 28,649 146,875 25,180 Balance at end of year 200 704 172 055 15 Contlngent Ilabllklos A grant of £8,573.70 was received in 1988 in respect of repair expenditure in an earlier year and loan interest incurred thereon. There is a contingent liability in respect of the Regulator of Social Housings Rights of Recovery. 16 Employ805, trusle8s, 8tc. The charity has no full-time or part-time paid employees12024- Nil). The twstees offer their seNlee$ voluntarily and receive neither fees nor any other form of remuneration for their services. 17 Houslng stock The charity own freehold four 2-person dwellings in Nng, Buckingharnshire, whith ar8 occupied under the terms of the Trust Deed. Page 10