**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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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
Page 13