REGISTERED CHARITY NUMBER: 227364
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
FOR
W H SAUNDERS CHARITY
Carter & Coley Chartered Accountants 3 Durrant Road Bournemouth Dorset BH2 6NE
W H SAUNDERS CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 12 |
| Detailed Statement of Financial Activities | 13 |
W H SAUNDERS CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charitable objectives are the provision of housing accommodation for people who are in hardship, distress and are resident in Hampshire and Dorset with a preference for those who are over 60 years of age and who are unable to maintain themselves by their own exertions.
Significant activities
The original premises have been extensively refurbished. New accommodation has been constructed adjacent to the original building and this is now providing additional housing accommodation.
FINANCIAL REVIEW
Financial position
The Trustees are satisfied with the financial state of the Charity.
Principal funding sources
The principal source of funds is rents and service charge income.
Reserves policy
The Trustees aim to maintain a working capital of £50,000 with any surplus being applied to reduce long term loans.
FUTURE PLANS
The Trustees plan to maintain the existing housing stock in good repair and to continue to offer accommodation to its residents.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by a scheme of the Charity Commissioners dated 3rd March 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
227364
Principal address
3 Gordon Road South Branksome Poole Dorset BH12 1EF
Page 1
W H SAUNDERS CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
Trustees
T Smith J Richardson D Rixon Rev S Yetman (resigned 11/8/2020)
Independent Examiner
Carter & Coley Chartered Accountants 3 Durrant Road Bournemouth Dorset BH2 6NE
Approved by order of the board of trustees on 29 March 2021 and signed on its behalf by:
T Smith - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF W H SAUNDERS CHARITY
Independent examiner's report to the trustees of W H Saunders Charity
I report to the charity trustees on my examination of the accounts of W H Saunders Charity (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
A R Cooke FCA Carter & Coley Chartered Accountants 3 Durrant Road Bournemouth Dorset BH2 6NE
29 March 2021
Page 3
W H SAUNDERS CHARITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| 2020 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Other trading activities 2 87,973 EXPENDITURE ON Raising funds 23,956 Charitable activities Support 37,294 Total 61,250 NET INCOME 26,723 RECONCILIATION OF FUNDS Total funds brought forward 669,354 TOTAL FUNDS CARRIED FORWARD 696,077 |
2019 Total funds £ 87,941 30,011 35,804 |
|---|---|
| 65,815 | |
| 22,126 647,228 |
|
| 669,354 |
The notes form part of these financial statements
Page 4
W H SAUNDERS CHARITY
BALANCE SHEET 31 DECEMBER 2020
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors 6 Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 8 NET ASSETS |
2020 Unrestricted fund £ 705,881 26,068 85,200 111,268 (7,536) 103,732 809,613 (113,536) 696,077 |
2019 Total funds £ 712,281 3,173 101,928 105,101 (10,454) 94,647 806,928 (137,574) 669,354 |
|---|---|---|
The notes form part of these financial statements
Page 5
continued...
W H SAUNDERS CHARITY
BALANCE SHEET - continued 31 DECEMBER 2020
| FUNDS 11 Unrestricted funds TOTAL FUNDS |
696,077 696,077 |
669,354 |
|---|---|---|
| 669,354 |
The financial statements were approved by the Board of Trustees and authorised for issue on 29 March 2021 and were signed on its behalf by:
T Smith - Trustee
J Richardson - Trustee
The notes form part of these financial statements
Page 6
W H SAUNDERS CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 7
W H SAUNDERS CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
2. OTHER TRADING ACTIVITIES
| Property rents Rent losses from voids and bad debts Service charges |
2020 £ 79,101 (1,785) 10,657 87,973 |
2019 £ 78,107 (851) 10,685 87,941 |
|---|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES |
|---|---|
| Unrestricted | |
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Other trading activities | 87,941 |
| EXPENDITURE ON | |
| Raising funds | 30,011 |
| Charitable activities | |
| Support | 35,804 |
| Total | 65,815 |
| NET INCOME | 22,126 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 647,228 |
| TOTAL FUNDS CARRIED | |
| FORWARD | 669,354 |
continued...
Page 8
W H SAUNDERS CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
| 5. TANGIBLE FIXED ASSETS COST At 1 January 2020 and 31 December 2020 DEPRECIATION At 1 January 2020 Charge for year At 31 December 2020 NET BOOK VALUE At 31 December 2020 At 31 December 2019 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments and accrued income 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 9) Other creditors |
2020 £ 24,317 1,751 26,068 2020 £ 4,380 3,156 7,536 |
Freehold property £ 790,782 78,501 6,400 84,901 705,881 712,281 2019 £ 1,481 1,692 3,173 2019 £ 5,200 5,254 10,454 |
|---|---|---|
continued...
Page 9
W H SAUNDERS CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
| 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2020 £ Bank loans (see note 9) 113,536 9. LOANS An analysis of the maturity of loans is given below: 2020 £ Amounts falling due within one year on demand: Bank loans 4,380 Amounts falling due between two and five years: Bank loans - 2-5 years 17,520 Amounts falling due in more than five years: Repayable by instalments: Bank loans due in more than 5 years by instalments 96,016 10. SECURED DEBTS The following secured debts are included within creditors: 2020 £ Bank loans 117,916 11. MOVEMENT IN FUNDS Net movement At 1/1/20 in funds £ £ Unrestricted funds General fund 669,354 26,723 TOTAL FUNDS 669,354 26,723 |
2019 £ 137,574 |
|---|---|
| 2019 £ 5,200 |
|
| 21,000 | |
| 116,574 2019 £ 142,774 |
|
| At 31/12/20 £ 696,077 |
|
| 696,077 |
continued...
Page 10
W H SAUNDERS CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 87,973 TOTAL FUNDS 87,973 Comparatives for movement in funds At 1/1/19 £ Unrestricted funds General fund 647,228 TOTAL FUNDS 647,228 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 87,941 TOTAL FUNDS 87,941 |
Resources Movement expended in funds £ £ (61,250) 26,723 (61,250) 26,723 Net movement At in funds 31/12/19 £ £ 22,126 669,354 22,126 669,354 Resources Movement expended in funds £ £ (65,815) 22,126 (65,815) 22,126 |
|---|---|
continued...
Page 11
W H SAUNDERS CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/1/19 £ 647,228 647,228 |
Net movement in funds £ 48,849 48,849 |
At 31/12/20 £ 696,077 |
|---|---|---|---|
| 696,077 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 175,914 | (127,065) | 48,849 |
| TOTAL FUNDS | 175,914 | (127,065) | 48,849 |
12. RELATED PARTY DISCLOSURES
At the balance sheet date a charity with common Trustees owed this Charity £24,317 (2019 - £1,481). The balance is shown in other debtors and is repayable on demand.
Page 12
W H SAUNDERS CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| INCOME AND ENDOWMENTS Other trading activities Property rents Rent losses from voids and bad debts Service charges Total incoming resources EXPENDITURE Raising donations and legacies Insurance Communial expenses Sundries Routine maintenance Depreciation of tangible fixed assets Support costs Management Postage and stationery Management expenses Support worker Office rent Finance Bank charges Bank loan interest Governance costs Accountancy and legal fees Total resources expended Net income |
2020 £ 79,101 (1,785) 10,657 87,973 87,973 1,726 3,023 618 12,189 6,400 23,956 1,911 12,936 12,055 1,041 27,943 124 8,465 8,589 762 61,250 26,723 |
2019 £ 78,107 (851) 10,685 87,941 87,941 1,655 2,409 1,817 17,730 6,400 30,011 - 13,404 12,048 - 25,452 141 9,461 9,602 750 65,815 22,126 |
|---|---|---|
This page does not form part of the statutory financial statements
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