**REGISTERED CHARITY NUMBER: 227364**
## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2022**
## **FOR**
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
**PREVIOUSLY KNOWN AS W H SAUNDERS CHARITY**
Carter & Coley Limited Chartered Accountants and Statutory Auditor 3 Durrant Road Bournemouth Dorset BH2 6NE
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 2|
|**Trustees' Responsibility Statement**|3|
|**Report of the Independent Auditors**|4 to 7|
|**Statement of Financial Activities**|8|
|**Balance Sheet**|9 to 10|
|**Cash Flow Statement**|11|
|**Notes to the Cash Flow Statement**|12|
|**Notes to the Financial Statements**|13 to 21|
|**Detailed Statement of Financial Activities**|22 to 23|
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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 charity took over the assets and liabilities of The Wareham Cottage Homes charity on 8th April 2022.
The enlarged charity has continued to maintain its housing stock to a high standard for the benefit of its residents.
## **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
Page 1
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Principal address**
843a Ringwood Road Bournemouth Dorset BH11 8LJ
## **Trustees**
T Smith J Richardson D Rixon
## **Auditors**
Carter & Coley Limited Chartered Accountants and Statutory Auditor 3 Durrant Road Bournemouth Dorset BH2 6NE
## **CHANGE OF NAME**
The charity passed a special resolution on 8 April 2022 changing its name from W H Saunders Charity to W H Saunders & Frank Wareham Charity.
Approved by order of the board of trustees on 24 March 2023 and signed on its behalf by:
T Smith - Trustee
Page 2
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **TRUSTEES' RESPONSIBILITY STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) 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 irregularities.
Page 3
**REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF W H SAUNDERS & FRANK WAREHAM CHARITY**
## **Opinion**
We have audited the financial statements of W H Saunders & Frank Wareham Charity (the 'charity') for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charity's affairs as at 31 December 2022 and of its incoming resources and application of resources, for the year then ended;
- have been properly 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 (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' 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 to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities 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.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Page 4
**REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF W H SAUNDERS & FRANK WAREHAM CHARITY**
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Trustees' Responsibilities Statement, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Page 5
**REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF W H SAUNDERS & FRANK WAREHAM CHARITY**
## **Our responsibilities for the audit of the financial statements**
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We evaluated trustee's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries and management bias in making accounting estimates. Audit procedures performed by the engagement team included -
Inspecting correspondence with regulators and tax authorities.
Discussion with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud.
Evaluating management's controls designed to prevent and detect irregularities.
Identifying and testing journals, in particular journal entries posted with an unusual account combinations, postings by unusual account users or with unusual descriptions
.
Challenging assumptions and judgements made by management in their accounting estimates.
Completed analytical work, to include comparison with prior periods.
Reviewing financial statements disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
## **Other matters which we are required to address**
The financial statements for the prior period were not audited. Our audit work on opening balances does not reveal any material misstatement.
Page 6
**REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF W H SAUNDERS & FRANK WAREHAM CHARITY**
## **Use of our report**
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Carter & Coley Limited Chartered Accountants and Statutory Auditor 3 Durrant Road Bournemouth Dorset BH2 6NE
24 March 2023
Carter & Coley Limited
Page 7
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Other trading activities
3
Investment income
4
**Total**
**EXPENDITURE ON**
Raising funds
5
**Charitable activities**
6
Support
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**2022**
**Unrestricted**
**fund**
**£**
**1,209,732**
**134,709**
**193**
**1,344,634**
**69,971**
**53,828**
**123,799**
**1,220,835**
**713,496**
**1,934,331**|2021
Total
funds
£
-
96,829
-|
|---|---|---|
|||96,829|
|||30,684
48,726|
|||79,410|
|||17,419
696,077|
|||713,496|
The notes form part of these financial statements
Page 8
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **BALANCE SHEET 31 DECEMBER 2022**
|Notes
**FIXED ASSETS**
Tangible assets
12
Investments
13
**CURRENT ASSETS**
Debtors
14
Cash at bank
**CREDITORS**
Amounts falling due within one year
15
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
16
**NET ASSETS**|**2022**
**Unrestricted**
**fund**
**£**
**1,743,081**
**4,161**
**1,747,242**
**1,501**
**276,697**
**278,198**
**(16,131)**
**262,067**
**2,009,309**
**(74,978)**
**1,934,331**|2021
Total
funds
£
699,481
-
699,481
9,818
89,282
99,100
(5,591)
93,509
792,990
(79,494)
713,496|
|---|---|---|
The notes form part of these financial statements
continued...
Page 9
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **BALANCE SHEET - continued 31 DECEMBER 2022**
|**FUNDS**
19
Unrestricted funds
**TOTAL FUNDS**|**1,934,331**
**1,934,331**|713,496|
|---|---|---|
|||713,496|
The financial statements were approved by the Board of Trustees and authorised for issue on 24 March 2023 and were signed on its behalf by:
T Smith - Trustee
J Richardson - Trustee
The notes form part of these financial statements
Page 10
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Purchase of fixed asset investments
Dividends received
Net cash (used in)/provided by investing activities
**Cash flows from financing activities**
Loan repayments in year
Net cash used in financing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|**2022**
**£**
**1,250,506**
**(5,273)**
**1,245,233**
**(1,050,000)**
**(4,161)**
**193**
**(1,053,968)**
**(3,850)**
**(3,850)**
**187,415**
**89,282**
**276,697**|2021
£
45,095
(6,194)
38,901
-
-
-
-
(34,819)
(34,819)
4,082
85,200
89,282|
|---|---|---|
The notes form part of these financial statements
Page 11
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net income for the reporting period (as per the Statement of**
**Financial Activities)**
**Adjustments for:**
Depreciation charges
Interest paid
Dividends received
Decrease in debtors
Increase/(decrease) in creditors
**Net cash provided by operations**
**ANALYSIS OF CHANGES IN NET FUNDS**
At 1/1/22
£
**Net cash**
Cash at bank
**89,282**
**89,282**
**Debt**
Debts falling due within 1 year
**(3,603)**
Debts falling due after 1 year
**(79,494)**
**(83,097)**
**Total**
**6,185**|**2022**
**£**
**1,220,835**
**6,400**
**5,273**
**(193)**
**8,317**
**9,874**
**1,250,506**
Cash flow
£
**187,415**
**187,415**
**(666)**
**4,516**
**3,850**
**191,265**|2021
£
17,419
6,400
6,194
-
16,250
(1,168)
45,095
**At 31/12/22**
**£**
**276,697**
**276,697**
**(4,269)**
**(74,978)**
**(79,247)**
**197,450**|
|---|---|---|
## 2. **ANALYSIS OF CHANGES IN NET FUNDS**
The notes form part of these financial statements
Page 12
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **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, with the exception of investments which are included at market value.
## **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 13
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
|**2.**
**DONATIONS AND LEGACIES**
Exceptional items
**3.**
**OTHER TRADING ACTIVITIES**
Property rents
Rent losses from voids and bad debts
Service charges
Management charge
**4.**
**INVESTMENT INCOME**
Dividends
**5.**
**RAISING FUNDS**
**Raising donations and legacies**
Rates and water
Insurance
Communial expenses
Sundries
Routine maintenance
Depreciation|**2022**
**£**
**1,209,732**
**2022**
**£**
**123,769**
**-**
**10,940**
**-**
**134,709**
**2022**
**£**
**193**
**2022**
**£**
**271**
**1,898**
**10,366**
**2,456**
**48,580**
**6,400**
**69,971**|**2022**
**£**
**1,209,732**
**2022**
**£**
**123,769**
**-**
**10,940**
**-**
**134,709**
**2022**
**£**
**193**
**2022**
**£**
**271**
**1,898**
**10,366**
**2,456**
**48,580**
**6,400**
**69,971**|||2021
£
-
2021
£
80,522
(625)
10,932
6,000
96,829
2021
£
-
2021
£
331
1,787
2,875
1,723
17,568
6,400
30,684|
|---|---|---|---|---|---|
|||||||
|||||||
|||||||
continued...
Page 14
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **6. CHARITABLE ACTIVITIES COSTS**
|**CHARITABLE ACTIVITIES COSTS**||
|---|---|
||Support|
||costs (see|
||note 7)|
||£|
|Support|**53,828**|
## **7. SUPPORT COSTS**
|Management
£
Support
**42,174**
**AUDITORS' REMUNERATION**
Fees payable to the charity's auditors for the audit of the charity's
financial statements|Governance
Finance
costs
£
£
**5,345**
**6,309**
**2022**
**£**
**2,400**|Totals
£
**53,828**|
|---|---|---|
|||2021
£
-|
## **8. AUDITORS' REMUNERATION**
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Page 15
continued...
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **10. EXCEPTIONAL ITEMS**
This charity acquired the assets and liabilities of the former charity The Wareham Cottage Homes whose registered number at the Charity Commission was 201139.
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Other trading activities|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|
Page 16
continued...
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **12. TANGIBLE FIXED ASSETS**
|**COST**
At 1 January 2022
Additions
At 31 December 2022
**DEPRECIATION**
At 1 January 2022
Charge for year
At 31 December 2022
**NET BOOK VALUE**
At 31 December 2022
At 31 December 2021
**13.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
Additions
**NET BOOK VALUE**
At 31 December 2022
At 31 December 2021|Freehold
property
£
**790,782**
**1,050,000**
**1,840,782**
**91,301**
**6,400**
**97,701**
**1,743,081**
699,481
Listed
investments
£
**4,161**
**4,161**
-|
|---|---|
There were no investment assets outside the UK.
continued...
Page 17
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
|**14.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2022**
**£**
Other debtors
**-**
Prepayments and accrued income
**1,501**
**1,501**
**15.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2022**
**£**
Bank loans and overdrafts (see note 17)
**4,269**
Other creditors
**11,862**
**16,131**
**16.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
**2022**
**£**
Bank loans (see note 17)
**74,978**
**17.**
**LOANS**
An analysis of the maturity of loans is given below:
**2022**
**£**
Amounts falling due within one year on demand:
Bank loans
**4,269**
Amounts falling due between two and five years:
Bank loans - 2-5 years
**17,075**
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans due in more than 5 years by instalments
**57,903**||2021
£
7,949
1,869|
|---|---|---|
|||9,818|
|||2021
£
3,603
1,988|
|||5,591|
||2021
£
79,494||
||2021
£
3,603||
||14,413||
||65,081||
continued...
Page 18
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **18. SECURED DEBTS**
The following secured debts are included within creditors:
|Bank loans
**19.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1/1/22
£
**713,496**
**713,496**
Incoming
resources
£
**1,344,634**
**1,344,634**|**2022**
**£**
**79,247**
Net
movement
in funds
£
**1,220,835**
**1,220,835**
Resources
expended
£
**(123,799)**
**(123,799)**|2021
£
83,097
At
31/12/22
£
**1,934,331**
**1,934,331**
Movement
in funds
£
**1,220,835**
**1,220,835**|
|---|---|---|---|
continued...
Page 19
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **19. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1/1/21
£
**Unrestricted funds**
General fund
696,077
**TOTAL FUNDS**
696,077
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
96,829
**TOTAL FUNDS**
96,829|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|
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1/1/21
£
696,077
696,077|Net
movement
in funds
£
1,238,254
1,238,254|At
31/12/22
£
1,934,331|
|---|---|---|---|
||||1,934,331|
continued...
Page 20
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **19. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
1,441,463
1,441,463|Resources
expended
£
(203,209)
(203,209)|Movement
in funds
£
1,238,254
1,238,254|
|---|---|---|---|
## **20. RELATED PARTY DISCLOSURES**
A balance of £6,831 shown in debtors in 2021 was due from the entity that was taken over by this charity and therefore there is no corresponding balance this year.
Page 21
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Exceptional items
**Other trading activities**
Property rents
Rent losses from voids and bad debts
Service charges
Management charge
**Investment income**
Dividends
**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
Carried forward|2022
£
**1,209,732**
**123,769**
**-**
**10,940**
**-**
**134,709**
**193**
**1,344,634**
**271**
**1,898**
**10,366**
**2,456**
**48,580**
**6,400**
**69,971**
**2,403**
**32,550**
**1,525**
**36,478**|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
31,672|
|---|---|---|
This page does not form part of the statutory financial statements
Page 22
## **W H SAUNDERS & FRANK WAREHAM CHARITY**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|**Management**
Brought forward
Office rent
**Finance**
Bank charges
Bank loan interest
**Governance costs**
Auditors' remuneration
Accountancy and legal fees
Total resources expended
**Net income**|2022
£
**36,478**
**5,696**
**42,174**
**72**
**5,273**
**5,345**
**2,400**
**3,909**
**6,309**
**123,799**
**1,220,835**|2021
£
31,672
5,499|
|---|---|---|
|||37,171
72
6,194|
|||6,266
-
5,289|
|||5,289|
|||79,410|
|||17,419|
This page does not form part of the statutory financial statements
Page 23