Chariry" regISlI0n nuTnber.. ?30853 Blandford Forum Charities Annual Report and Financial Sthtements for the Year Ended 31 March ?0?4
Blandford Foruln Charities Conlents (continued) Reference and Adminisirative Details Ito2 Tnrees, Report 3107 Staiement of Tnlee$, Responsibililses Independent ExaTnine¢s Report 5tsiemeni ofFinancial Aetivilie5 10 BalaTtce Sheet Notes io the Financial Statements 12to26
Blandford Forum Charities Reference and Administratii-e Details Chairrna Mrs L Lindsa}. Trusttts Mrs L Lindsa} Cllr R Holmes. Vice Chair 10 24 April 2024 Mr J Hickish. Vite Chair frotll 24 April 2024 Mrs C Sharp. resigned 13 Ocwber 2024 Cllr Mr R Carter. reiired ? Mai. 2024 Cllr P Clatk. retired 2 Mal" ?024 Mr S Garbull Mr S Hiichings Mr C siei.ens Mr J Turnbull Mr H White Cllr B Quaile. resigned 2 Ma!. 2024 Cllr H Mieville. appoinied JO Ma!. ?024 Clir Y Mieville. appoinied JO Mai. 20?4 and resigned I l November ?024 Cllr N Lacei_Clark¢. appoinied ?5 June ?024 Cl]r S Chapman. appoinied ?5 November ?0?4 Mrs C Barbel. Clerk" io the Trnsiees 10 28 September ?023 Miss J E.noel. Clerk w the Trustees from 2 Ociober 202i selOr Management Tear Cbarity Registration Nfftber 2308fj j Principal Office Barnes Home5 SalisbuT% Road Blandford Forum Dorsei DTII 7HU IndepettdeNt Examiner Harnes & Co Lid Chanered Certified Accowitants and Regisiered Auditors 2 1 llfark.et Pla¢¢ Blandford Forum Dorset DTII 7AF Pag¢ I
Blalldford Foruln Charities RefereDce YdDd Administratil'e Details {continued) Solicitors Blanchards Bail LLP Bunbun House Siour Park Blandford Forum DoT5et DTII 9LQ HSBC 165-167 High Street Poole Dorsei BHIS IAU Bxnker5 Page 2
Blandford Forum Charities Trustees, Report The mlee5 preseni ihe annual report together w'ith ihe financial sthiements of the charit% for the year ended 31 March 20?4. Ob3ectiTr'es and actRvities Blandford Forurn Almshouses Charity The objeti of this charth. is to provide almshouses -for poor persons of good character who reside in the Borough of Blandford or lth[ half a mile thereof. The scheme w&$ atnended in Mai. 2006 to alloM' Ihe appointment of Almspeople w'ho live outside the area ofbenefii but arc otheN'ise qualified. The chariTh. has 44 almshouses oier live site5 siwaied in Blandford namel!.. B3rnes Homes. Park Road. RN"ves Cotta¥es. Letton Cotrages and J l Barnes in Salisbury. Road. In addiiion ihe CharitN' administers.. Relief In Need - The object is "to relieve either £eneralli' or individually persons resideni in the Borough of Blandford Fotun who are in condition of need. har(tship or distress". Blandford Fonjrn Apprenticing and Educational Foundation Chariry. (incorporating Georg¢ R)wes Apprenticing CharitN Since 26th Ma} ?006) - The objeth is 10 award uranis for ihe benefit of "j'oung persons who have not attained the aue of 25 )ears thho are resÉdent in or who haNe for not less than N'o lears been educated in the Borough olBlandford FONM and "ho, in the opinion olthe Trustees. are in need of financial SIstance, The Relief In Need and Blandford Fonmi Apprenticing and Educational Foundation CharitN' are equal beneficiaries of the rent Iminus repairs and admi11151raEl%'e elpendituresl of 39141 Sali5but% Street h1¢h eThcompasses a shop on the ground floor and two flats reni out above. The Chariti. of Chrisiopher & Roben Pitt - l-he Relief In Need and BlaEJdford F0M Aitn5hou5e Charity. preiouSl}. benefiued in equal measure frotn income from the ChariTh of Chr]"5topher and Roben Pitt. the objeeis of ii'hich chariTh' are "subjeci 10 the pa!Theni of eipenses of adrnini5trdtion Ihe Tru51ee5 ar¢ required 10 divide the income olthis Charity. inlo rw'o equal parts. one to autsment the income of the Blandford Fonmn Alrnshouses ChariTh' and the other to au¥meni the income of the Blandford Forwn Relief In Need Charil¥" Hgwever. on 17ih April ?Oli the Chariti. Commission agreed to chana¢s to parduraph 47 Applitation of Income Subject io payment of expenses the Trustees shall appll" Ihe income of the Charit). solelj tu Relief In Need Chariij" This income derties from the sale of latld at W"inierbotne Kingsion on ?ird June 2014 for the sum of £75.000 and proceeds in%'esied in COIF Invesllnent Fund. T.E.D. George Fund - The Blandlord Chaldren'5 Fund. "The Blandford FoTum General Charin. i(Mik over the administraiion of the T.E.D. Georoe Charih The Blandford Childen's Fund i Reeistered Charit¥. number 2494691 from National Wesimin51er Bank Tru51 &- F.state Serkices on Sth Juli ?01? and the funds of 138.000 ere inVeSd in COIF Investtlleni Fund. Th¢ inierest accrued is paid into a dedicated HSBC Account quaneily for the charl'S ¢.Kpenses and grants. The Charitable objects of the Fund are to pav or appl!" the residue of such income in each Near for the benefit of such children ordinaril). resident in ihe Borouoh ol- Blandford Forum on ihe first dal. of JanuaTh' in each J'ear under ihe age of rw'elve lears as shall be 5elecied the TNstees lafter consultation 1th the Mai'or of the lime being of ihe said B(Trroughl and for such purposes as the Tntte5 in their absoluie discretion shall see fit. Fundr&isinx discltsjures The chatit). does noi ac(ively fund raise. lye)
Blandford Forum Charities Trustees. Report l¢ontiDued) Public benefil In pursuit of the charities objecrives the Tntsitts.. Undertake regular insp¢¢iions on all their propenies identifving neces5ar>' rnaintenanc¢ * Including five )'earl}' (Quinquenniall insp¢uions' Reviem their Five Year Plan prioritising mainienance and repair5 required and refurbishments desired with priority £iNen to health and safet! issues for re5tdents and stsff: . A5 fiJnd5 allo1 refibiSh and uperade a]rn5houses to tnodern sthndards: As vacancies occur follo the Guideline5 in Lheir'Appoinuneni Polici,: Aw'ard Apprenticing and Educational granis in September annualli. and throughout ihe N'¢ar as requested and fimds alloii. from the Apprenticing and Lducaiion Foundaiion Charit¥" and folloii'ing the Charin's policK: Award Relief in Need grdnts from ChariTh as appropriate. (The Chairnian and Vice Chaimian have delegated powers): • Award T_E.D. George Fund - The Blandford Children'5 Fund grants from thai ChaJiN as appropriate following the Charin s poli¢N' in JanuaTh"'FebruaTh' each l'ear. Undenak-e rcgular Fire Drills at Barnes Homes= * CarrN' out Staff Appraisals a[Uall.. Compll with Health and Safen" Re(Tulations.' • Support and encourage the Bames HoTne Residents. Committtt in their genile endeavours. The trustees confirni thai the) have cornplied with the requirements of section 17 of the Charities Ac(2011 to have due gd to the publi¢ benefii guidance published b%. the Charity. Commission for England and Wales. H'orA'ing relulions The ChariTh M'orks closelN with l.ari0 ortsanisations in particular the Almshouse Association. the local District and Councils and appropriate Social Care Pro%iders. The Chartty also liaise5 lth other Charilies in respect of the application of educaiional oranis nameli the Charit% of William Williams and the Emil>. Faulkner and Milton Abbas Trnst thereby mlMis1n the number of snjdents w'ho can benefit from educacional grants available locall).. Achtevements performance The board of Trustees oiganised ihe following durino the l'ear: l. Routine maintenance and repair of all properties. including 10 replacemeni showers and 7 boilers a5 required. to maintain high 5taTkdards throughout 2. RerbI5hment and red¢cordiion of flats 11. 17. 19. ?0 and 27 Barnes Homes. Kitchen replaced 5 Rji'es. 4. Refurbishmeni and decoration of the shop unli i9.'41 SalisburN" Stree¢. 5. New tenant in the shop unli 39,41 Salisburn. S(eet, i jear lease sioned with an agreed value of £8.500 per annum. 6. Follow'ing a render invitaiion. the conrdci for the re-roof of 6648 Salisbur). Road was a7rd¢d to Ro>. Spic¢r Roofing. 7. An inspeciion and report from 'Dorsd Fire Proieci. for all BFAC properties. All actions completed. . Gramis have been aii'areded to indiidua15 b).: - TED Geoi" Blandford Children's Fund ChariTh £1.9iO Apprenticin &. Education Fowld1on £?.000 Relief in Need £4.155.34 BFAC £143.88 Page 4
Blandford Forum Charities Trustees, Report Iconlinued) Financial reNieiv P&lici' on resenys The Reserves held b!" the ChJrit%' are specificall!. a5 required b!. thetr TTUSI Deed of 6th February 1974 and a% recommended by the Chariry. Commission and AlmshOse Association namelN' an Extrdordinar). Repair Fund IERFI and C}'clical Maintenance Fund ICMFI_ These reserves are accumulated from dtPQSjls der1.ed oul of a percentaue of the Weekl). Maintenance Contribuiion5 made b!. the ChariTh'5 almshouse resident5. The Trnstees are guided bi. the Chariry Commission and Almshouse Association reEardin¥ the appropriate percentaue 10 be deposited in both reserve tunds &]d thi5 15 reoularlv reviewed. A def]nition of the use to which the fijnds may be pui are.. lal ERF proi'iding for extrdordinan repair. improvetnenl or rebuildino of the Alm5hollses ImodemisaiiorL'refurbishmeni of properties and r¢pairs such as Thindows. di)ors. heating boilers and roof coversngsl. Ibl CMF provides for regular mainienance includit)? exiernal and internal decoration, exterior painting. electrical installation. w'orn Qui kiichens and bathr¢)n. The use of the above funds is infotmed through Quinquennial and other Inspections 'hICh highlight maintenance. repair and refurbishmeni requirements las per the ChariTh's Five ye Plan ?0 l ? l. Structure governance and mall*gern¢n¢ .Vathrt ofgoi'erning documefti The Charitv 15 an unincorporared chariN" ¥i'htch is ?owetned bN' a ChariTh" Commission Schetne dated 6th February 1974 as amended 6ih Ma%. ?006. Apan from the original endoHThents of the ChariN' vesi¢d in the Naitonal Associaiion of Almshouses Cotnmon In'e$UnCl Fund ii.ith M & G Investhienls and COIF Chariiies Deposii Funds. the main source of intome deriies from ihe Weekl!. Mainienance Contribution5 from residents of the ChariN's almshouses. Careful Stemardship of the eiisiinu resources seeks 10 respect the inieniions of the various ori¥inal benefactors in providino almshouses and relief for those deemed in need. Recruilmeni andappoinlmeni oltrusie The Board of Tru51ee5 is comprised of Thieli¢ Tru5tee5. eight ciTropiaiive and four nominaiive. The four Nominative Trnsiee5 are appoinied b). the Blandtord Forum Council and serve a period of fouT I'ea15. The eight Co-opiative Trustees "shall be persons h0 ihrouJts residence. occupation. emploimeni or otherwise have a special knowledue of Blandford". and 5¢rve for a period of five l'ears. The appointtneni of Ctroptative Trustees 15 undertak'en b!. the Boaril of Tnjsiees who endeavour to seek out prospectivt Trustees i¥ho possess the desired skills mi_x that OUld prowe mosi beneficial. Condidate5 are sought eiiher through Trustet5 approaching indii'iduals or b% open adi'ertisement. A shortlisi of candidaies is dram up who are then invited to a tneeiing of Trull¢es ai ?hleh a suitable candidate 15 appointed using the Charity's nomial dettJocra(Ic I'oling Procedre$. Inducilon undtrqininR of truslees New'ly appoinred Trustees are M'elcomed to an initial meetino 1th the Chairn)an befor¢ meeiino with other Trusiees. An information pack containin? a brief hi510rK of ihe Charit%'. copi of preiious minuies and th¢ lasc approved Aciounis iogether 'Ith the Charii}' Cornmission's guidance "The Essential Ttusiee." What }'ou need io Lnow" 15 provided io each ne. Trusiee. Page 5
Blandford Forum Charitie5 Trnstees, Report {contlDued) OrRanisalional slructhre The TnleeS meet ai leasi four limes a }'ear as a full Board H'hen ty. discuss adminÈSErative. building. repairs and financial matters. In addition th. hae fornied sub-comminees for Finance lincorporating Relief in Need and s(atTingl, Buildings and Education i%'hi¢h meei as required reporting ro the rnain Board. The Trustees emplov a Clerk h0 undertakes the Charih's da!. to daN delegated administratrwe matters and who ork's in Close collaboration thith the Chairnian and Vice Chaimlan of Tntstees. The Clerk" also acts as Line Manager to the kh¢me Manager.Warden. The Trustees also emplo). a resident Schetne Manager'ardcn knO lives on iheir Barnes Homes sire. As Warden this member of staff acts as 3 '200d neiothl)our' to residents at Barn¢s Hom¢s iisitinl) ihos¢ h0 wish it on a dailj basis (Mondai. to FridaN'I. The Scheme Manaoerfs asp¢¢i of this role coniinues io dei'elop and prove inforniaiive in mailers relating to Tnaintenance and upkeep of all the Almthouses adrninisierei¢ b¥ the Chariiies over_f siies in Blandford. Major risks andmonogemeni ofthose ri5As Risk manogement The Trustees have eon5Èdered the major risks io 'hiCh the Ch3riTh rs eipos¢d and ha&e enliSd the help of external professiona15 M'ith re2ard Èo. for example. Health and Safen,. Fire Pr¢veniion and t)isabilits Audit in managing those iisks and del'eloping policies. w be reuularl!" revieived. io minimise ani. risk" idenlified. The Ttee$ have also tak.en ad% ice and considered the level of an). likel). risk w our Dvo tberS of staff in the environment in which thel. operate. Financial instruments Objeciiipes andpolicie The ¢hariry' s aci1% ities expose li to a number of fuwkcial risks includinu credit risk and liquidit¥. risk. The use of financial derivaiives ts uoverned bi ihe charitN s policies approied b!" th¢ board of ttU5tee5. which provide 14Tinen prineiple5 on the use of financial d¢rivatives io mana£e these risks. The charitv does not use derivative financial instruEn¢nis for speculatile purposes. Credii ri.fk The chariti. s principal financial assets are bank balances and cash. trade and other receivables. and investments. The charitN' 5 credii risk M'ould prtmaril!. be attrtbuiable io ils trdde receivables. hoi%eN'er the balance is iaTel)' signiftcant. The omounts presented in the balance shed are oral10H¢eS for doubtfvl receiiables. The credit risk On liquid funds and derivl¥e Financi instruments is limid because the counierparties are banks with high credii-raiin25 a55tgned b¥ international credii-raiing agencies. The charity, has no significant concentration of credii risk. '1th exposure spread o%er a numbei of counterparties and cusiomers. Liquidity. risk In order to [naIn1n liquiditl to ensure ihat sufficient funds are available for ongoing operations and fijiure developments. the charitv uses a miiDJre of long-ierm and 5hon-terni debt finance. Reappointment ofindependeDI esaminer A resolution will be proposed ai the forthcoming Trustee5 meeting to re-appoint S A HarneN' of Harney & Co Limired as Independeni Examiner to the Chan"ty' for the ensuino N'ear_ Page 6
Blandford Forum Charities Trust¢es' Report l¢oDtiDu¢d) The annual repon was approved b). the tswiees of the chariTh' on 79 January, 2025 and signed ot) lis behalf bw.. Mrs" L LindsaN' Chaiman and Trustee
Blandford Forum Charities Statement of Trustees, Responsibilities The trustees are responsible for preparing the te¢s. repon and the financial ststements in accordance with the United Kinudom Ac¢ouniing Swjdards (United kingdom Generalli. Accepied Actountinu Piacticel and applicabl¢ law and regulaiions. The law applicable to charttics requires th¢ $leeS io prepare financial stsiements for each financial year Mhich give a true and fatr %'ieM" of the stale of affairs of ihe chariii and of (he incomino resources and application of resourLes of the charit%. for that period. In preparino ihese financial statements. the tnteeS are required io.. select suiiable accounting policie5 and then appli" them consistrntb.: obsetve ihe method5 and principles in the Chariiies SORP- make judgements and estimates that are reasonable and pnent. state whether applicable accountino standard5 hai'e been followed. subject to an) rnaterial departures di5clos¢d and explained in the filLLIa[ siaieTnents.' and prepare the fmancial staiements on the goin([ concern basis unless it is inappropriate to pre5um¢ that the charity w'ill continue in business. The trustees are responsible for keepino proper accouniing records that disclose 'lIb r¢asonable accurac¥ at an). lime the tinancial position of the chariTh" and enable thetn io ensure ihai (he fknancial statements cornpl!. '1th the Charities Aci 2011. the Chariii¢s (Accoun15 and Reponsl Regulations 2008. and the pro%'isions of the consiituiion. The tn]stees are also responsible for safeguardino the assets of the chariTh' and hence for taking reasonable steps for the pr¢veniion and deleciion of fraud and oiher irre(pulariiies. The trustees are responsible for the rnainienance and iniegrit% of the COTpofdte and financial infomiation included on ihe chariiable compani s iiebsite. Leuislation ggl'eming the prepardlion and dissemination of financial statements ma) differ from legislwion in other jurisdi¢iions. Approved b). the uNse$ of the chariti. on 29 JanuaTh. ?025 and signed on its behalf bJ'= Mrs L Lindsa Chairn)an and Trusitt Page 8
Blandford Forum Charitie5 Independent Examiner's Report to the trustees of Blandford Forum Charities I report to the trustees on examination of the accounts of Blandford Forum CharitÉes for ihe )ear ended 31 March 2024. Responsibilities And b8$is of reporl As the ¢hariN Dvsiees of Blandford Forum Charities i'ou are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Acl. l. I report in respect of mv examination of the Blandford FoTwn CharitleS'5 accounls carried out under section 145 of the 201 l Act and in carn'in£ out mv examinaiion I haNe follom.ed all the applicable Direaions given bN' the Charit* Commission under seciion 14515Mbl o(the Act. Independent eiarniner's siatement Since Blandford Forum Charities 's gross income e.Kceeded L?50.000 )'our ciamtner musi be a member L)f a bod!. listed in seciion 145 of the 201 l Aci. l ¢onfimi thai l am qualified lo undenake the examination he¢ause I am a member of the Association of Chanered Certified Accoun(ants. w'hich is one ofthe listed bodies. I have completed m) examination. l eonfiTrn thai no rnwerial malleTS have come to mi alleniion in connectio ith the examination giving me cause to beliei'e thai in an) material respect.. l. accounting record5 were noi kept in respect of Blandford Fonun Charities as required bv seciion 130 of the Aci: or 2. the accounts do not aceord with those record5.' OT 3. the accounts do noi compl). "1th the accouniints requiremcnts concemin the forn and conieni of accounts set out in the Charities IAccouns and Report51 Re?ulaiions ?008 other than ani, requirement thai the accounts give a 'irne and fair VI m.hich is noi a matter considered as part of an independent examination. I have no concerns and have come across no oth¢r mallers in conneciion M"Èih the examinataon 10 h1¢h attention should be draM'n in this repon in order io enable a proper understanding of the accounts io be reached. Mt5 S A Hamej. Chattered Cenifjed Accountants and Registered Audiiof5 the ASslation of Chartered Certified Accouni&]ts 21 Markei Place Blandford Fotijm Dorsei DTII 7AF 29 January ?025 pe9
BRandfoTd Forum Chariti¢5 Statement of Financial Aetii'ities for the Year Ended 31 Mareh 2024 Total 2024 UDre5tricted Restricted EDdowment Note Income and Endowment$ from: Charitable activities Investment incotne 216.i69 18.179 16.1?7 9.196 23?.496 27.994 619 Totol Income ?j4.$48 619 260.490 Exp¢nditur¢ on: Charitable aciLN'ltie% i?0? 7?9} 196.6831 1229.4121 Total Expenditure Unreali5ed gain5ll05S¢5 on investtnent assets i )07 7791 1?6.6831 1?19.41?1 4.152 1.928 32.314 Net income Gross transfers benveen fiu)ds 35.971 24.874 {?.6501 2.547 63.392 23 Net movement in funds i9.241 22.224 1.927 63.il)2 Reconciliation of funds Total fiu]ds broughi fOr1ard 620.798 380.510 1.0?? 606 Total funds carri¢d forward 23 660.Oi9 40?.7 J4 1.085.998 Total 2023 UDfestricted Restricted E•doThment Noie IneotDe and EDdowment5 frorn: Donations and legacies Charitable aciiviiies Inwestment incorne 110.945 110.945 230.695 18.096 18.£50 8.706 8.771 619 Total Income iil.861 619 3£9.736 Expenditure Chariiable activities 1194.i09} 119.6?41 121i,9i31 Toial Expenditur¢ Gainsllo%ses on invesm)ent assets 1194.i091 1713.9331 li.9041 111.3991 1837 116.1401 Nei income'lexpendiiurel Gross transfers beN'een fid5 2) l ii.648 619 li.7671 129.663 16191 Nei movement in funds lj4 ?67 li.7671 18i71 129.663 R¢¢onciliation of funds Toial funds broughi fotivard 486.5i I 384.277 892.943 Tolal funds carried forward 6?0.798 i80.510 I,0?7.606 All of th¢ ¢harity's activities derive from tontinIng operntions during the above hi'o periods. The noies on pages 12 10 26 fortn an inieqral part of these fimncial ststements. Page 10
Blandford Forum Charities (RegislratioD number: 230853) Balance Sheet as gt 31 March 2024 21124 2023 Note Fixed assets Tangible asse Investments 14 15 1.028.?09 497.9)8 1.027.697 460.400 .5?6.147 1.488.097 Current assets Debior5 InN'estments Cash ai bank and in hand 16 17 10.186 ?26.6?8 174.100 2i7.iio 708.00? 472.684 410.914 Creditors: Amounts f#lliThg due within owe i'e*r 19 lii.4881 114.671) Net current 8S5tt% 4i9.196 396.?43 Total 155ets le55 current liabilities 1.965.34i 1.884.340 Creditor$- Amounts falliDg dut after more than one Wear 20 16.0001 {12.0001 ProvL5ion5 148.9)91 112f.i?81 Net asseis 1.810.404 1.747,012 Funds of the charity.. End0ment funds Restricted income fuDds Restricted funds 40? 7j4 380.510 Unrestricted ineome fuDds Unresiricied funds Other reserve5 660.039 7?4.406 620.798 724.406 Tothl unrestrtcted fid$ l. j84.445 1.345 ?04 Total fund5 1.810.404 1.747.012 The financtal siaiements on pag¢s 10 to 26 were approved bv the and auihorised for is.%ue on 29 January 2025 and signed on theiT behalf bi'- Mrs L Lindsa}. Chaimian and Truslee Mr ickish T[Slee The notes on pages 12 10 26 forni an integral part of these financial ststements. Pagell
Blandford Forum Charities Notes to tbe Financial Statements for the Year Ended 31 March 2024 l Accounting polictes Statement of complianee The financtal statements have been prepared in accordance w'ith -Accountinu and Reportillu bN' Charities-. Statem¢tJi of Recommended Practice" applicable 10 charities preparinu their accounts in accordance lth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10? section IA. elTe¢iive I January" :0151- Charities SORP IFRS 102 IAI and the Charities Aci 2011. Basis of prepar#iio Blandford frorutll Chartiies meets ihe definition of a public ben¢fii ¢niirn' under FRS 102 IA. Asseis and liabilitie5 are iniikalll" recognised at hisiMcal cost or transaction value excepi as disclosed in the relevani accounting policies certatn tiems are shoNm at fair value. The financial sraiements are preparcd in Strrling. which is the fiCtIOnal currencj. of the enitiy. and rounded the nearest l GBP. Going ¢oncern The iru5tees consider thai there are no rnateTial uncerrainiies aboui the charit)'s abiliTh' (o continue a5 a going concern. Income and endowments Voluntary income includinu donaiions. gifts. letsacte5 and grants th pmvide core funding or are of a oeneral nature is recognised Mhen the chariry entitletneni io ihe income. li is probable thai the income will be received and the amouni can be measwed with sufficient reliabil1.. Dontllions undlegucies Donations and legacies are recognised on a receivable basis when receipi is probable and the amount can b¢ reliabli. measured. Deferred income Deferred income repre5ent5 amounts receiled for fijiure periods and is released to incoming resources in ihe period for w'hich. it ha5 been receii'ed. Such income is onli def¢rr¢d hen." The donor specifies thai the orJnt or donation rnU onli. be used in firture accounting periods.. or Th¢ donor has imposed condttions which must be mei before th¢ ¢hariN has uncondiiiL)nal eRtitlemeni. Jmveslmeni incom¢ Diidends are retoonised once the diviilend has be¢n declared and noiification has been ieceiveil of the dividend due. Cht7ritable aeilvltiés Income from charitable actil'tties are re¢o¥nis¢d hen the chariTh. has an eniiilemenl to the ndS and anv conditions linked to the income hav¢ been tnet. Where perforn]ance condittons are attached to (he incoTne and are ket to be meL the income is re¢ognised as a liabilit% and included on the balance sheer as deferred income to be released. Page 12
Blandford Forum Charities Not¢5 to tb¢ FillaDcial Statements for the Year Ended 31 March 2024 (continued) Expenditure All expenditure is recognised once there is a le¥al or co1CtiVe obli£ation to that expenditure. it is probable settlement is required and the amount can be rneasured reliablN_ All cosis are allocated to rhe applicable expenditure headinu that aUre(jale similar cosis io ihat caieiior%_ Il'here costs cannoi be direcilK attributed to particular headinus iheN have btcn allocated on a basis consisieni Miih ihe use of resources. 1th centrnl staff cost5 allocated on the basis ot time spenL and depreciaiion charges allocated on the portion of the asset's use. Other sUPPOrt Costs are allocated based on the spread of SlT¢05ts. Expendithre includes thai speni on ihe Clerk's Honorariutn. office telephone. Chaim)an s expen_fies. and other office expenses. Insurance costs disclosed in the accounts includes the Trusiees IndemniTh' Insurnn¢¢. Support ¢0515 haN'e been allocated beThv¢en the Blandford Almshouse5 90( - Apprenttcing and Education Foundation 5°1( and Relief in Need 5;.. Chariloble aclivilies Charitablc eipenditttre ¢ompri5es those cosis incurred b!. Ihe thatih. in the deliN"en' of its ac111[leS and serwices for 11% beneficiaries. 1¢ includes both costs that can be allocated direcih" io such ac(ikiries and ihose ¢0515 of 3n indireci narure nece55ar) to support them. Grrtni eypenditmre Grants are awarded bv the Blandford Fonlln Almshouse Charity. Relief in Ne¢d ChariTh'. Appreniicing and Educaiional Foundation and T.E.D. George Fund io i[l¥kdual5 in accordance 'ith their objectives. Granlprovisious Provisions for granis are wh¢n the iniention to make a grani has been communicared to the recipient but there is uncenain aboui either the liming of the ani or ihe amouni of ant paj'able. Support costs Support cos(s include central functions and have been allocaied to aciii'iTh' cost caievorie5 on a basis consistent li ith the use of resources. for example. allocating propem" costs b% floor areas. or per capita. staff cosis b¥ the time spent and other costs bi, their usage. Goi'erDance costs These include ihe costs attributable io the thariti, s compliance M'ith Constitutio¥1 and sthiutory. quIrements. including audit. strateuic management and trusiees. medings and reimbursed ¢xpenses. Govtrnment grants A 14ousing Association Grani was received in 1981 10 panl)" meet the cost ol Ihe improvements at Barnes Homes. It Is not repai'able. Irrecowerable VAT Irr¢coverable V AT is charged against the categor%. of resources expended for hICh it was Èncurred. Page 13
Blandford Forum Charities otes to the Financial Statements for tbc Year Ended 31 March 2024 (continued) Tix3tio The chariTh' is considered io p&%s the tew w Qui in Paragraph I Schedule 6 of the Finance Aci 2010 and therefore it meets the deftIOn of a charithble compan!" for UK Corporation tai purposes. Accordin¥lTr. the charitN' is potentially exempt from t&xation in respeci of income or capital ¥ains recetved within cateoories cowered bi, Chapter 3 Part I l of the Corwraiion Tai .4cr ?01 O or Section 256 of the T&xation of Chargeable Gains Act 1992. 10 the extent that such incorne or gains are applied ex¢lu5ively to charitable purpose5. Tangible fixed #55ets TanEEble filed assets are recorded at cost. less an} subsequent accumulated depreciation and subsequeni aceumulated impairneni losses. The Almshouses properties are showm ai cosi or ialuation. The cosi includes de%'elupment eNpenditure partlv funded by. a non repaiable Housing Aswciaiion Grani. The kaluation u.as established prior to 1981. The shop ar 39.'41 Salisbury. Streei is included at valuation estsblished in 1984. It 15 the Trnsiees, polio to maintain the propem io such a staniiard thai its estimated residual value is not less than the valuation ai any oiven time therefore. no depreciation is charged. Depreciation and amortisatio Depreciation is provided on Lingible fixed a55ets so as io WTiie o(r the cost or valu10n. less an}. estirnaied residual value. over their expected useful economic life as follows_. A55et class Freehold propertie5 Fumiture and equipment Depreeialiort method and rate Straighi Itne over S l'ears Fixed a55et iDI'estments Fixed assei invesmients. oiher ihan programme relaied investsnents. are included at market value ai ihe ba13Rce 5heei dare. Realised gains and 105ses on in%esthients are cal¢ulaied as the difference beTreen sales proceeds and their markei Nalue ai the sthrt of the !"ear. or iheir subsequeni COSL and are charged OT credited to ihe Statement of Financial ActiTrities in ihe peri(Ml of disposal. Unrealised gasns and losses represent the Mo.eMent in mark.et Tralues durinu the l'ear and are credtied or char¥ed io the Siaiemeni of Financtal Acitl'ilies based on the mark.et lue ai the i.ear end. CurreDt asset inTrestrn¢DIs Curreni &ssei invesunents ar¢ included at the lower of cost and nei realisable or market value. Trade debiors Trade debtors are amounis due from contribuiions receii7ble in th¢ ordinan" course of bustne5S. Cash and cash equii'atents Cash and cash equiwalent5 comprise cuh on hand and call deposits. and other short-tern) highl!" liquid inv¢snnenis that are readil). convertible to a knowm amount of cash and are subject io an in5i£nificani risk of hankTre in value. Page 14
Blandford Forum Charities Notes to tbe Financial Statements for the Year Ended 31 March 2024 (continued) Trade creditors Trade creditors are obl juatio5 to pay lor goods or services that have been acquired in the ordinary course of bu5ine5s frotn suppliers. Borrowings Interest-bearinu borrowings are recorded ai fair value. of tyansaaion ¢osts_ Interest expense is included in interest pal'able and sitnilar charues. Borroii'ine5 are classified as current liabiliiies unless ihe charity. has an unconditional ri¥hi to defer settlem¢ni of th¢ liabiliry for leasi N'elve months after the reporting dale. Provi510115 for repairs to propertv Provisions for cvclical and eitraordÈnaTh' repairs are Inade b! the Trusiees on the basis of elperience. the condition of the properties and the number of units ai each siie. For the purposes of the calculalions of the prolisions ihere are 44 properties over S siies (all ol- iihich are oKer 70 leats old). The Trustee5 c}'clical maini¢nan¢e polic). includes eiternai redecorations e*eri' fil'e ¥ears and internal redecorations as required. Fund $tructure Unrestricted income fimds are genernl fiJnds that are available for use ai ihe thStee$. discretion in fiheance of the objeciives of Ihe charit%. Designaied fiknds are unrestricted fimds sd aside for specific purposes at the discreiion ofihe trustees. separa lund5 have been sei up from l March 1991 10 show the CMF and ERF income separaielN. frtsTn the general accumulated SUTplus of the Char]"t%'. as this income has been Sei aside specificall) for C)'clical Mainienance or E%traordinaTh' Repairs as appropriatr_ The Chatil¥'S general fiu)d can be applted. Restricted in¢ome funds are those donated for use in a panicular area or for specifjc purposes. the use of which is restricted io tho1 area or purpose. The endowment funds have been provided on the condiiion thai thei. be Trfained in order t(Tr neneraie investment income for the lonu term needs of the propenies_ Incon]e ari5tn(t on ihe endowineni 15 eipendable and is dÈstribuied to the ¥enerdl income fund of the chariD' in ordei to be spent_ Pensions alld other W5t ret1ment gbligatiolls The chariTh conthbule5 10 a delined conrributions pension plan operad bl NEST. The assets of the sthern¢ are held separatel), from tho% of the charits.. The contrtbuiion pa!7nents are charged to the SOFA Èn the period that the). are paNable. Financial instruments c1$11c0t1oM Finatlcial asseis and financial liabiliiie5 are recognised w'hen the charih. becomes a party to the contractual provisions of the insuum¢ni. Recogniiion andmeasuremeni All financial assets and liabilities are measured w iransaction price (including transaction costs). Financial assets are derecogni5ed when and onl} iih¢n al the contractual ri?his io the cash f]01%'s from the financial asset expire or are settled. bi the chariTh transfers to another pam subsntial]I all of the risks and rewards of omilership of the financial asset. or cl the chatih. despiie havÈn? reLiined sorne. but not all. sienificant risk5 and rewards of owTrership. h&5 transferred control of the assei to another pary. Page 15
Blandford Forum Charities Notes to tb¢ Finallci*l Stalements for Ibe Year Ended 31 March 2024 (CODtiDu¢d) Financial liabilities are derecognised onl!. w'hen the obli£ation specified in the contract is discharged. cancelled or expire5. Iftw£sthients Investments in unlisted shares are measured at fair ialue throuh profil or loss. Where fair value cannot be measured reliablv, inNestments are measured ai cosi less impaimient_ 2 Income from donations aDd legacie5 Unrestricted fund5 Total funds Total for 2024 Total for 2023 110.945 110.945 3 Income from eh#ritsble aetiTr'Éties ur¢S1r1<1ed funds Restrict¢d funds Total 2024 Total 2023 Almshouse ChariTh' Apprenticing &. Education Foundaiion Relief In Need 216.369 216.369 21? 145 8.064 8.06) 8.064 8.06i 9.275 9.?75 216.369 16.127 j).496 ?iO.695 The above income from charitable aciivÈties was derived as follows= . Blandford Aimshou5e Charit%, from the weekl!. maintenance contributions of the almshouse residents. Appreniicing &. Education Foundation a5 an equal benefician. of rent from 39.41 Saltsbun. Streei. Relief in Need as an equal b¢ncticiary" of reni from 39.41 Sali5bur¥" Streei. 4 Inwestrnent EndoThment funds Permanent UDr¢stri£ttd funds Designated Gether#l Restricted fut)ds Total funds Inieresi receivable and similar income". Interest receivable on bank deposits Other inves(menl income 10.834 769 8.427 12.902 15,092 619 Total for 2024 11.657 9.196 619 17.994 Total for 2023 5.007 i.764 8.706 619 18.096 Page 16
Blandford Forum Charities Notes to the Financial Slatemenls for the Year Ended 31 Mar¢b 2024 (continued) 5 Net IncominOtg0lng resollrtes Net incoming resources for the vear include". 2024 2023 Depreciation of filed assets 1571 14071 6 Exp¢Dditure cbaritsble actiTh'ities UDrestri¢¢ed fllDds R¢slrici fund5 Total Total 2023 Almshouse Chari Apprenticing & Educaiion Foundation Relief In Need Grani timding of 14i.624 143.624 138.718 5.7)3 5.73i 2.966 2,824 -S.7ii 8.086 8.?iO 7.824 39.?19 SthtTcosts Allocated support costs i8,749 13.694 6.$18 4.403 84 18.097 16.340 6.042 Governance costs )0) 7)9 26.68i ??9.41 ? ?13.933 7 Analvsis ofgoTr'erttance and supwJr¢ costs Govtrn*fftce eosts Unrestricted funds Restricted funds Total fund5 Audii fees Other fees paid io auditors Independeni examiner fees Examination of the financial siaiements Twstees remuneration and expen5e5 Total for 2024 2.860 2.860 2.900 758 2.900 84 6.518 84 6.602 Total for 2023 5.959 6.04? Page 17
Blandford Forum Charitie5 otes to the Financial StatemeD¢s for the Year Ended 31 March 2024 {conliDued) 8 Grant-making An#l>sis of grgnis Grants to IDdii'iduals 2024 2023 Blandford Forum Almshouses Relief in Need 303 9.659 2.148 Apprenticing and Education T.E.D. George 2.000 1.9iO 14.260 The support costs associated with grdnt-rnaking ar¢ £Nil131 March 20?" J £Nill. 9 Trustees remuTrertion #nd txpen Durtnu the Jear the chariTh' made the follom'in . trdnsactions with trusitts.. £8421202J.' £8221 of expenses w'ere reimbursed dutinti the l'ear. The above contribution was paid to l trustee to[d the cost of travel and lephone. No tsu5tees. nor an). persons connected w'ith thenL have received remuneration nor an other benefits. from the charit). during the N'ear. 10 Staff costs The aggregaie pa>ToII costs were as follows= 2024 2023 Staff e05ts durinE the year were". 'aue5 and salaries Pension costs 40.69i 700 907 41.i9i 39.219 The monthly average number of peT50ns lincludin? senior management . leadership team) emploJed by the charty during the >'ear expressed as full time equivalenLS as follows= 21124 2023 I Clerk io the Trustees and l Resideni Warden 11202) - 21 of th¢ above emplo)'ee5 panicipated in the Defjned Contribution Pension Schemes. Contribuiions to the employee p¢nsion scheme5 for the }rar iotslled £70012023 - £9071. Page 18
Blandford Forum Charities Notes to Ibe Financiydl Statements for the Year Ended 31 Mareh 2024 (continued) I I Independent exarniDer'5 remuTher#iioTh 2024 21123 Examinaiion of the financial sthtements 2.900 2.600 12 Auditors. remuneratlOD 13 Taxation The charifi. is a registered charity. and is therefore e.xempt fro %atIOn. Page 19
Blandford Forum Charities Notes to Ihe Financial Statements for tb¢ Year Ended 31 Marcb 2024 (continued) 14 Tangible fixed assets Land and buildings Furniture and equipment Total C05t At l April 2023 Additions 1.027.697 8.150 569 1.035.847 569 Ai 31 March ?024 1.0?7.697 8.719 1.036.416 Depreciation Ai l April ?02i Charge lor the vear 8.1$0 57 8.150 57 At 31 March 2024 8.?07 8.207 Net book value At 31 March 2024 1.027.697 $1? 1.028.209 Ai 31 March 20?" 1.0?7.697 1.027.697 2024 2023 Properties Barnes Homes Park Road Almshouses John Iles Bames Cottages 39,'41 %alisbutN" Street R)ves Collages Lerton Cortages Less.. HCA Grani Park Road Less.. HCA RNves remodel Le5s.' Housino A55ociaLion Grani Relief in Need one half share in shop 39,41 Salisbur¥. Street Apprenticin2 and Education Foundation one ha]f share in shop at 39141 Salisbury Street 4? 539 709.117 i60.0(MI 107.196 27?901 542 5 j9 209.117 360.000 107.196 27?.901 60.000 {66.7881 1164.i841 lij?.8841 20.000 60.000 166.788} 1164.i841 lii? 8841 20.000 20.000 ?0.000 1.027.697 1.027.697 IS Fixed asset iDvestment$ 21124 2023 Unlisted investments 497.938 460.400
Blandford Tr"orum Charities Notes to the Finaneial Statemeuls for the Year Ended 31 March 2024 (eolltinued) Analvsi5 of fixtd asget inTr'esimenis Cost or ValuatlOD At l April ?02i Revaluation Additions 460.400 5.22 j At 31 March 2024 497.938 Net book value At 31 March 2024 497.9i8 Ai 31 March 2023 460.400 16 Debtors 2024 2023 Trade debtors Prepal'ments Other debtor5 2.379 6.008 18.965 7.)81 27. j5• 10.186 17 Current asset ini'estments 2024 21123 Cash deposits ? j7.iio ??6.6?8 18 Cash and cash equii'alents 2024 2023 Ch at bank 208.002 174.100 19 Creditors: amounts falliDg due within olle !'¢ar 2024 2023 Trdde creditors Arnounts due io the Almshouse A$110n (hher creditors Deferred income 8.017 6.000 19.471 5.853 6.000 2.80_S i).488 14.671 Page!]
Blandford Forum Charities Notes to the Financial Statements for the Year Ended 31 March 2024 {eontinued) Other borrowings Almshouse Association Liwi w'ith a caTrN'ing amount of £1 ).000 I )0?3 £18.0001 is denominated in £ Sierling with a nominal interest rate of O1202i - Oi. The final in51almeni is due on I l March ?076. The Almshouse Association loan is repa)'able in biannual amounts of £i.000. 20 Creditors: amounts falling due after l'ear 2024 2023 Amounts due to the Almshouse Associaiion 6.000 i 7.000 21 Provisions Rtpairs #nd maint¢Dance proi'ision Ai l April 202) Provided during the period Utilised during th¢ period 125.328 157.6531 Ai 31 March 2024 148.9i9 2024 2023 Repaars and m4inteN#Dce proi'isio ExiraordinaTh' Repair Fund CN'clical Mainienance Fund Relief in Need Repair Fund Apprenticing and Education Repair Fund 37.214 102.456 4.6i4 4.6)4 86.036 i.466 3.466 148.9i8 125.i28 Page 22
Blandford Forum Charities Notes to Ibe Financial Statements for Ihe Year Eud¢d 31 March 2024 (Continued) 22 Reserves Capital Reseri'es Ai l April 2023 7?4.406 At i l March 20?4 724.406 Page:i
pl 0 ¢> Tr4 111 '111 1 r-i pl Pl Tri ri ri rl
Blandford Forum Charities Notes to the Financiydl Statements for the Year Ended 31 Mareh 2024 (continued) 24 Analvsi5 of net assets between lunds EndoM"ment fund5 Permanent Total funds at 31 March 2024 UDrestricled lunds GenerAI De5igD8ted Restricted rvnds Tangible fixed assets Fixed asset investments Current asset5 Current liabilitie% Creditor5 over l )'ear Provasions 988209 2 j.76? 369.771 114.57Tr 6.0001 I li9.6701 40.000 316.069 74.900 118.9661 1.0?8.209 497.938 47?.684 133.4881 16.0001 1148.9i91 l i4.882 ?8.013 19.769) Total net assets l ?11 iso 407 7 j4 1.810.404 Endowmeftt funds Ptrmanent Total funds a131 lar 2023 Unrestricted funds Geoeral DesIgted Re5tricl¢d fund5 Tangible fixed asset5 Fixed asset investments Current asseÈs Current liabilities Credi1015 over l year ProvisioRs 987.697 ?2.$5S 40.000 ?89.834 60.914 {3.iO£ 1.027.697 460.400 410.914 1:6.714 16.715 21.297 {1 l.i66} {12.0001 1113.i961 114.6711 112.0001 1125.j?81 Toial assets 191.77£ 15).4?9 igO.411 1.747.01? Included within cwrent assets of the general fiuMI 15 a iothl of £16.i15 (20?)-. £2.80)) of other debior5. This amouni 15 also retlecied M'ithin ¢urreni liablilties of the restricied fid5 as other crediiors. Of this total L7.650 is attributable to income ?enernied b!. C &. R Pitt is trdnsferrable io the iTeneral tiind. i¥iih the remaining balance beino expendiiuit paid bN' Ihe general fund on behalf ofthc resiricied charits. funds durino the Near. Pagt 26