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SAU201-Charity accounts (final)-JR-
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20220308-140954-928[464932].PDF
Client of: Carter & Coley
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Name: Terry Smith
Email: smithterence12@gmail.com
Date & Time: 19/04/2022 15:09:10 (BST)
IP Address: 188.223.233.42
W H Saunders Charity agrees and approves the contents of
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this document.
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REGISTERED CHARITY NUMBER: 227364
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
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 2021
| 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 to 14 |
W H SAUNDERS CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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 2021
Trustees
T Smith J Richardson D Rixon
Independent Examiner
Carter & Coley Chartered Accountants 3 Durrant Road Bournemouth Dorset BH2 6NE
Approved by order of the board of trustees on 8 March 2022 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 2021.
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
8 March 2022
Page 3
W H SAUNDERS CHARITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Other trading activities 2 96,829 EXPENDITURE ON Raising funds 30,684 Charitable activities Support 48,726 Total 79,410 NET INCOME 17,419 RECONCILIATION OF FUNDS Total funds brought forward 696,077 TOTAL FUNDS CARRIED FORWARD 713,496 |
2020 Total funds £ 87,973 23,956 37,294 |
|---|---|
| 61,250 | |
| 26,723 669,354 |
|
| 696,077 |
The notes form part of these financial statements
Page 4
W H SAUNDERS CHARITY
BALANCE SHEET 31 DECEMBER 2021
| 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 |
2021 Unrestricted fund £ 699,481 9,818 89,282 99,100 (5,591) 93,509 792,990 (79,494) 713,496 |
2020 Total funds £ 705,881 26,068 85,200 111,268 (7,536) 103,732 809,613 (113,536) 696,077 |
|---|---|---|
The notes form part of these financial statements
Page 5
continued...
W H SAUNDERS CHARITY
BALANCE SHEET - continued 31 DECEMBER 2021
| FUNDS 11 Unrestricted funds TOTAL FUNDS |
713,496 713,496 |
696,077 |
|---|---|---|
| 696,077 |
The financial statements were approved by the Board of Trustees and authorised for issue on 8 March 2022 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 2021
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 2021
2. OTHER TRADING ACTIVITIES
| Property rents Rent losses from voids and bad debts Service charges Management charge |
2021 £ 80,522 (625) 10,932 6,000 96,829 |
2020 £ 79,101 (1,785) 10,657 - 87,973 |
|---|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES |
|---|---|
| Unrestricte | |
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Other trading activities | 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 |
continued...
Page 8
W H SAUNDERS CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|---|---|---|---|
| Unrestricte | |||
| fund | |||
| £ | |||
| TOTAL FUNDS CARRIED | |||
| FORWARD | 696,077 | ||
| 5. | TANGIBLE FIXED ASSETS | ||
| Freehold | |||
| property | |||
| £ | |||
| COST | |||
| At 1 January 2021 and | |||
| 31 December 2021 | 790,782 | ||
| DEPRECIATION | |||
| At 1 January 2021 | 84,901 | ||
| Charge for year | 6,400 | ||
| At 31 December 2021 | 91,301 | ||
| NET BOOK VALUE | |||
| At 31 December 2021 | 699,481 | ||
| At 31 December 2020 | 705,881 | ||
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Other debtors | 7,949 | 24,317 | |
| Prepayments and accrued income | 1,869 | 1,751 | |
| 9,818 | 26,068 |
continued...
Page 9
W H SAUNDERS CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 £ Bank loans and overdrafts (see note 9) 3,603 Other creditors 1,988 5,591 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2021 £ Bank loans (see note 9) 79,494 9. LOANS An analysis of the maturity of loans is given below: 2021 £ Amounts falling due within one year on demand: Bank loans 3,603 Amounts falling due between two and five years: Bank loans - 2-5 years 14,413 Amounts falling due in more than five years: Repayable by instalments: Bank loans due in more than 5 years by instalments 65,081 10. SECURED DEBTS The following secured debts are included within creditors: 2021 £ Bank loans 83,097 |
2020 £ 4,380 3,156 7,536 2020 £ 113,536 |
2020 £ 4,380 3,156 7,536 2020 £ 113,536 |
2020 £ 4,380 3,156 |
|---|---|---|---|
| 7,536 | |||
| 2020 £ 4,380 17,520 96,016 2020 £ 117,916 |
2020 £ 4,380 |
||
| 17,520 |
continued...
Page 10
W H SAUNDERS CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 11. MOVEMENT IN FUNDS At 1/1/21 £ Unrestricted funds General fund 696,077 TOTAL FUNDS 696,077 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 96,829 TOTAL FUNDS 96,829 Comparatives for movement in funds At 1/1/20 £ Unrestricted funds General fund 669,354 TOTAL FUNDS 669,354 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 87,973 TOTAL FUNDS 87,973 |
Net movement At in funds 31/12/21 £ £ 17,419 713,496 17,419 713,496 Resources Movement expended in funds £ £ (79,410) 17,419 (79,410) 17,419 Net movement At in funds 31/12/20 £ £ 26,723 696,077 26,723 696,077 Resources Movement expended in funds £ £ (61,250) 26,723 (61,250) 26,723 |
|---|---|
continued...
Page 11
W H SAUNDERS CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
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 1/1/20 £ 669,354 669,354 |
Net movement in funds £ 44,142 44,142 |
At 31/12/21 £ 713,496 |
|---|---|---|---|
| 713,496 |
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 | 184,802 | (140,660) | 44,142 |
| TOTAL FUNDS | 184,802 | (140,660) | 44,142 |
12. RELATED PARTY DISCLOSURES
At the balance sheet date a charity with common Trustees owed this Charity £6,831 (2020 - £24,317). 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 2021
| INCOME AND ENDOWMENTS Other trading activities Property rents Rent losses from voids and bad debts Service charges Management charge Total incoming resources EXPENDITURE Raising donations and legacies Rates and water 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 |
2021 £ 80,522 (625) 10,932 6,000 96,829 96,829 331 1,787 2,875 1,723 17,568 6,400 30,684 2,950 20,713 8,009 5,499 37,171 72 6,194 6,266 5,289 |
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 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13
W H SAUNDERS CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Total resources expended Net income |
2021 £ 79,410 17,419 |
2020 £ |
|---|---|---|
| 61,250 | ||
| 26,723 |
This page does not form part of the statutory financial statements
Page 14