2020-12-31-accounts

		Page
Charity information
Trustees' report		2-5
Independent auditors'	report
Statement of Financial	Activities
Statement ofChanges	in Equity
Balance Sheet		10
Notes to the accounts		11-17
Schedule to the Statement ofFinancial Activities		18-19

for the year ended 31 Dec	em	ber 20	20
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
			Notes	2020 6	2020f	2020 6	2019 6
Incoming resources
Operating activities in furtherance	ofcharity's		objectives	155,382		155,382	155,329
Investment income				24,890		24,890	29,647
Total incoming resources				180,272		180,272	184,976
Net incoming Resources available		for
charitable applications				180,272		180,272	184,976
Charitable expenditure
Management and administration	ofthe charity			177,993		177,993	129,812
Total resources expended				177,993		177,993	129,812
Net incoming resources before		transfers		2,279		2,279	55,164
						2,279	55,164
Gross transfers between funds			14	(2,784)	2,784
Net incoming resources before		other
recognised gains and losses				(505)	2,784	2,279	55,164
Other recognised gains/(losses)
Unrealised gains on investments		in year	15		(24,600)	(24,600)	90,911
Net movement in funds				(505)	(21,816)	(22,321)	146,075
Total funds brought forward				31,515	1,126,412	1,157,927	1,011,852
Total funds carried forward				31,010	1,104,596	1,135,606	1,157,927

for the year ended	31December 2	020
				Unrestrict
		Designated	Investments	ed	Total
		funds	revaluation	revenue
		reserve	reserve	reserves
At 1January 2019		856,994	135,857	19,001	1,011,852
Profit for the financial	year			55,164	55,164
Other comprehensive	income for the
financial year			90,911		90,911
Total comprehensive	income for the
financial year			90,911	55,164	146,075
Transfers		42 850		(42,650)
At 31 December 2019		899,644	226,768	31,515	1,157,927
At 1January 2020		899,644	226,768	31,515	1,157,927
Profit for the financial	year			2,279	2,279
Other comprehensive	income for the
financial year			(24,600)		(24,600)
Total comprehensive	income for the
financial year			(24,600)	2,279	(22,321)
Transfers		2,784		(2,784)
At31 December 2020		902,428	202,168	31,010	1,135,606

				Notes		2020f		2019f
Fixed assets
Tangible assets						189,375		189,374
Current assets
Debtors				9	4,629		5,480
Investments	held as current
assets				10	875,886		886,728
Cash at bank	and in hand				113,286		131,227
					993,801		1,023,435
Creditors: amounts		falling due
within one year				11	(14,623)		(19,151)
Net current	assets					979,178		1,004,284
Total assets	less current
liabilities						1,168,553		1,193,658
Creditors: amounts		falling due
after more than one		year		12		(32,947)		(35,731)
Net assets						1,135,606		1,157,927
Capital and	reserves
l3esignated funds				14		902,428		899,644
Investments	revaluation		reserve	15		202,168		226,768
Unrestricted	revenue	reserves		16		31,010		31,515
						1,135,606		1,157,927

Net Incom	ing	Res	ources befo	re transfers
					2020	2019
					6	6
This is stated		after	crediting:
Revenue	turnover		from ordinary	activities	155,362	155,329
And after	charging:
Depreciation		ofowned fixed assets

5	Investment Income	Investment Income			2020	2019
					6
	Investment income				24,890	29,647
6	Staff Costs and Emoluments				2020	2019
					6	6
	Gross salaries	and wages			24,548	26,226
	Employers NIC
					24,548	26,226
	Number offull	time employees	or full time equivalents
	There were no	fees or other remuneration		payable to Trustees.
7	Cost ofAuditor and other accounting			services	2020	2019
					6	6
	Book-keeping	and clerical			7,675	10,739
	Auditors fee				3,600	3,600
					11,275	14,339

Tangible fixed asse	ts
			Plant and
		Land and	machinery
		buildings f.	etcf	Total
Cost
At 1 January 2020		278,127	3,160	281,287
Housing association	grant	(88,752)		(88,752)
At 31 December 2020		189,375	3,160	192,535
Depreciation
At 1 January 2020			3,160	3,160
At 31 December 2020			3,160	3,160
Net book value
At 31 December 2020		189,375		189,375
At 31 December 2019		278,127		278,127

			Old Rope	St,Georges	Total
			Walk	Buildings
			Hamworthy	Poole
					6
	Cost		221,219	30,408	251,627
	Valuation Grant		20,000 (88,752)	5,000	25,000 ~88,752)
			152,467	35,408	187,875
9	Debtors			2020	2019
					6
	Maintenance	charges owed -net			(1,191)
	Deposit Protection Service				450
	Rent owed from land at Corfe			1,000	1,000
	Loan due from PAnderson				1,150
	Prepaid expenses			3,075	4,071
				4,629	5,480

for	the year ended 31December 202	the year ended 31December 202	the year ended 31December 202	the year ended 31December 202	0
10	Investments held as current assets										2020	2019f
	Charles Stanley - Investments										477,056	476,585
	National Association	ofAlmshouses		Common		Income		Fund			69,453	75,060
	National Association	ofAlmshouses		Common		accumulation			Fund		274,461	283,482
	Charities Official -COLA										54,916	51,601
											875,886	886,728
11	Creditors: amounts	falling due	within one year								2020f	2019
	Mortgage loan										2,500	2,500
	Accrued expenses										11,134	15,195
	Deposits held											450
	Other taxes and social security costs										989	1,006
											14,623	19,151
12	Creditors: amounts	falling due after one year									2020f	2019 f.
	Mortgage										32,947	35,731
	The mortgage loan from Borough of			Poole is secured				by a	charge		on the almshouse	at Old Rope
	Walk, Poole. Interest is charged		at an		annual	rate	of	0.7%	and	the	capital is due for	repayment by
	August 2029.
13	Loans										2020f	2019f
	Creditors include:
	Amounts falling due	for payment	after		more than five			years			23,231	30,881
14	Designated Funds
					Property		Extra-ordinary				Land &building
				development				repairs			reserves
					fund			reserve		f	(non-liquid) f	Totalf
	At 1 January 2020				500,000			250,000			149,644	899,644
	Movement in year P&L										2,784	2,784
	At 31 December 2020				500,000			250,000			152,428	902,428

15	Investments revaluation	reserve			2020	2019
					f.
	At 1 January 2020				226,768	135,857
	Arising in revaluation during the year				(24,600)	90,911
	At 31 December 2020				202,168	226,768
16	Unrestricted revenue reserves				2020	2019
	At 1 January 2020				31,515	19,001
	Transfer from Statement	of Financial		Activity	2,279	55,164
	Transfer to Land and Buildings reserve				(2,784)	(2,650)
	Transfer to Property Development		fund			(10,000)
	Transfer to Extra-ordinary	repairs	fund			(30,000)
	At 31 December 2020				31,010	31,515

		Unrestricted	Restricted	Total
		Funds	Funds	Funds
		2020	2020	2020f	2019 6
Sales
Occupational	charges - Old Ropewalk	140,045		140,045	137,309
Occupational	charges - StGeorges	10,337		10,337	11,345
Rental income		4,000		4,000	5,675
Income from land		1,000		1,000	1,000
		155,382		155,382	155,329
Investment	Income
Investment	income	24,890		24,890	29,647
		24,890		24,890	29,647
Total Incoming Resources		180,272		180,272	184,976

Employee costs:
Warden's salary and		cover costs		24,548	24,548	26,226
Staff training and welfare						9
				24,548	24,548	26,235
Premises costs:
Water rates				10,680	10,680	12,003
General rates				12	12
Electricity				9,226	9,226	2,908
Electricity - Empty properties				1,624	1,624
Legionella Checks				3,701	3,701	4,318
Alarm monitoring system				3,336	3,336	3,234
Repairs —general-	Old Ropewalk			34,792	34,792	29,912
Repairs - General St		Georges		573	573	1,100
Major repairs - ORW				57,184	57,184	12,700
Window cleaning				30	30	70
Gardening				4,460	4,460	5,750
Insurance -buildings				3,479	3,479	3,376
				129,097	129,097	75,371
General administrative		expenses:
Insurance -trustees				484	484	484
Bank charges				1,234	1,234	1,101
Subscriptions and	fees			712	712	754
Telephone and fax				1,021	1,021	926
Sundry expenses Donations				544	544	521 19
				4,321	4,321	3,805
Legal and professional Audit fees		costs:		3,600	3,600	3,600
Clerk's fees				7,675	7,675	10,739
Investment Management			charges	4,511	4,511	4,710
Admin suppart costs				1,954	1,954	1,946
Interest payable				304	304	484
Legal costs				1,983	1,983	2,922
				20,027	20,027	24,401
Total spent on administration				177,993	177,993	129,812
Total income less expenditure				2,279	2,279	55,164