REGISTERED CHARITY NUMBER: 227364
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
FOR
W H SAUNDERS & FRANK WAREHAM CHARITY
Carter & Coley Chartered Accountants
3 Durrant Road Bournemouth Dorset BH2 6NE
W H SAUNDERS & FRANK WAREHAM CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
| 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 13 |
| Detailed Statement of Financial Activities | 14 to 15 |
W H SAUNDERS & FRANK WAREHAM CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees present their report with the financial statements of the charity for the year ended 31 December 2025. 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 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
With the funding of £257,000 from the Charity Bank 2025 saw the completion of our new build. This consisted of a community meeting room, new office and an electrical buggy store. The community room is being furnished with a generous grant of £2,000 from The Greenhill Fellowship Trust for which we are most grateful.
Also in 2025 we began the process of changing from an unincorporated to an incorporated Charity (CIO). This will be completed in 2026
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by a scheme of the Charity Commissioners dated 8th April 2022.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
227364
Principal address
843a Ringwood Road Bournemouth Dorset BH11 8LJ
Page 1
W H SAUNDERS & FRANK WAREHAM CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
Trustees
T Smith J Richardson D Rixon A D S Shawyer
Independent Examiner
Carter & Coley Chartered Accountants 3 Durrant Road Bournemouth Dorset BH2 6NE
Approved by order of the board of trustees on 15 April 2026 and signed on its behalf by:
T Smith - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF W H SAUNDERS & FRANK WAREHAM CHARITY
Independent examiner's report to the trustees of W H Saunders & Frank Wareham Charity
I report to the charity trustees on my examination of the accounts of W H Saunders & Frank Wareham Charity (the Trust) for the year ended 31 December 2025.
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 A Clark FCA
Carter & Coley Chartered Accountants 3 Durrant Road Bournemouth Dorset BH2 6NE
15 April 2026
Page 3
W H SAUNDERS & FRANK WAREHAM CHARITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities 2 Investment income 3 Total EXPENDITURE ON Raising funds Charitable activities Support Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2025 Unrestricted funds £ 2,000 151,917 391 154,308 62,343 68,818 131,161 23,147 1,971,487 1,994,634 |
2024 Total funds £ - 142,806 407 |
|---|---|---|
| 143,213 | ||
| 76,502 50,775 |
||
| 127,277 | ||
| 15,936 1,955,551 |
||
| 1,971,487 |
The notes form part of these financial statements
Page 4
W H SAUNDERS & FRANK WAREHAM CHARITY
BALANCE SHEET 31 DECEMBER 2025
| Notes FIXED ASSETS Tangible assets 6 Investments 7 CURRENT ASSETS Debtors 8 Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 10 NET ASSETS |
2025 Unrestricted funds £ 2,170,974 4,161 2,175,135 3,595 85,164 88,759 (19,462) 69,297 2,244,432 (249,798) 1,994,634 |
2024 Total funds £ 1,808,599 4,161 1,812,760 3,134 168,168 171,302 (12,575) 158,727 1,971,487 - 1,971,487 |
|---|---|---|
The notes form part of these financial statements
Page 5
W H SAUNDERS & FRANK WAREHAM CHARITY
BALANCE SHEET - continued 31 DECEMBER 2025
| FUNDS 13 Unrestricted funds TOTAL FUNDS |
1,994,634 1,994,634 |
1,971,487 |
|---|---|---|
| 1,971,487 |
The financial statements were approved by the Board of Trustees and authorised for issue on 15 April 2026 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 & FRANK WAREHAM CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
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.
Page 7
W H SAUNDERS & FRANK WAREHAM CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
2. OTHER TRADING ACTIVITIES
| Property rents Rent losses from voids and bad debts Service charges INVESTMENT INCOME Dividends |
2025 £ 143,865 (3,867) 11,919 151,917 2025 £ 391 |
2024 £ 138,348 (7,606) 12,064 142,806 2024 £ 407 |
|---|---|---|
3. INVESTMENT INCOME
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Support Total NET INCOME |
Unrestricted funds £ 142,806 407 143,213 76,502 50,775 127,277 15,936 |
|---|---|
Page 8
W H SAUNDERS & FRANK WAREHAM CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|---|---|---|
| Unrestricted | ||
| funds | ||
| £ | ||
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 1,955,551 | |
| TOTAL FUNDS CARRIED | ||
| FORWARD | 1,971,487 | |
| 6. | TANGIBLE FIXED ASSETS | |
| Freehold | ||
| property | ||
| £ | ||
| COST | ||
| At 1 January 2025 | 1,919,100 | |
| Additions | 368,775 | |
| At 31 December 2025 | 2,287,875 | |
| DEPRECIATION | ||
| At 1 January 2025 | 110,501 | |
| Charge for year | 6,400 | |
| At 31 December 2025 | 116,901 | |
| NET BOOK VALUE | ||
| At 31 December 2025 | 2,170,974 | |
| At 31 December 2024 | 1,808,599 | |
| 7. | FIXED ASSET INVESTMENTS | |
| Listed | ||
| investments | ||
| £ | ||
| MARKET VALUE | ||
| At 1 January 2025 and | ||
| 31 December 2025 | 4,161 | |
| NET BOOK VALUE | ||
| At 31 December 2025 | 4,161 | |
| At 31 December 2024 | 4,161 |
There were no investment assets outside the UK.
Page 9
W H SAUNDERS & FRANK WAREHAM CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
| 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Prepayments and accrued income 3,595 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Bank loans and overdrafts (see note 11) 4,073 Other creditors 15,389 19,462 10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 £ Bank loans (see note 11) 249,798 11. LOANS An analysis of the maturity of loans is given below: 2025 £ Amounts falling due within one year on demand: Bank loans 4,073 Amounts falling between one and two years: Bank loans - 1-2 years 4,757 Amounts falling due between two and five years: Bank loans - 2-5 years 10,941 Amounts falling due in more than five years: Repayable by instalments: Bank loans due in more than 5 years by instalments 234,100 |
2024 £ 3,134 2024 £ - 12,575 |
2024 £ 3,134 |
|
|---|---|---|---|
| 12,575 | |||
| 2024 £ - |
|||
| 2024 £ - |
|||
| - | |||
| - | |||
| - |
Page 10
W H SAUNDERS & FRANK WAREHAM CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
12. SECURED DEBTS
The following secured debts are included within creditors:
| Bank loans The loan is secured by a charge on the freehold property. MOVEMENT IN FUNDS At 1/1/25 £ Unrestricted funds General fund 1,941,487 Extraordinary Repair Fund and Cyclical Maintenance Fund 30,000 1,971,487 TOTAL FUNDS 1,971,487 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 154,308 TOTAL FUNDS 154,308 |
2025 £ 253,871 Net movement in funds £ 23,147 - 23,147 23,147 Resources expended £ (131,161) (131,161) |
2024 £ - At 31/12/25 £ 1,964,634 30,000 1,994,634 1,994,634 Movement in funds £ 23,147 23,147 |
|
|---|---|---|---|
13. MOVEMENT IN FUNDS
Page 11
W H SAUNDERS & FRANK WAREHAM CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Extraordinary Repair Fund and Cyclical Maintenance Fund TOTAL FUNDS |
At 1/1/24 £ 1,945,551 10,000 1,955,551 1,955,551 |
Net movement in funds £ 15,936 - 15,936 15,936 |
Transfers between funds £ (10,000) 10,000 - - |
At 31/12/24 £ 1,951,487 20,000 |
|---|---|---|---|---|
| 1,971,487 | ||||
| 1,971,487 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 143,213 143,213 |
Resources Movement expended in funds £ £ (127,277) 15,936 (127,277) 15,936 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Extraordinary Repair Fund and Cyclical Maintenance Fund TOTAL FUNDS |
At 1/1/24 £ 1,945,551 10,000 1,955,551 1,955,551 |
Net movement in funds £ 39,083 - 39,083 39,083 |
Transfers between funds £ (10,000) 10,000 - - |
At 31/12/25 £ 1,974,634 20,000 |
|---|---|---|---|---|
| 1,994,634 | ||||
| 1,994,634 |
Page 12
W H SAUNDERS & FRANK WAREHAM CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
13. 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 £ 297,521 297,521 |
Resources Movement expended in funds £ £ (258,438) 39,083 (258,438) 39,083 |
|---|---|---|
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2025.
Page 13
W H SAUNDERS & FRANK WAREHAM CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Property rents Rent losses from voids and bad debts Service charges 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 Office rent Finance Bank charges Carried forward |
2025 £ 2,000 143,865 (3,867) 11,919 151,917 391 154,308 2,440 3,340 15,759 3,577 30,827 6,400 62,343 6,516 527 39,590 4,425 51,058 120 120 |
2024 £ - 138,348 (7,606) 12,064 142,806 407 143,213 1,043 3,446 12,296 2,579 50,738 6,400 76,502 3,699 1,070 38,028 6,300 49,097 138 138 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 14
W H SAUNDERS & FRANK WAREHAM CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| Finance Brought forward Bank loan interest Governance costs Accountancy and legal fees Professional fees Total resources expended Net income |
2025 £ 120 12,190 12,310 1,550 3,900 5,450 131,161 23,147 |
2024 £ 138 - |
|---|---|---|
| 138 1,540 - |
||
| 1,540 | ||
| 127,277 | ||
| 15,936 |
This page does not form part of the statutory financial statements
Page 15