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





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|for the year ended 31 Dec|em|ber 20|20|||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|Funds|Funds|
||||Notes|2020<br>6|2020f|2020<br>6|2019<br>6|
|Incoming resources||||||||
|Operating<br>activities<br>in furtherance|ofcharity's||objectives|155,382||155,382|155,329|
|Investment<br>income||||24,890||24,890|29,647|
|Total incoming<br>resources||||180,272||180,272|184,976|
|Net incoming<br>Resources available||for||||||
|charitable<br>applications||||180,272||180,272|184,976|
|Charitable<br>expenditure||||||||
|Management<br>and administration|ofthe charity|||177,993||177,993|129,812|
|Total resources expended||||177,993||177,993|129,812|
|Net incoming<br>resources before||transfers||2,279||2,279|55,164|
|||||||2,279|55,164|
|Gross transfers<br>between funds|||14|(2,784)|2,784|||
|Net incoming<br>resources before||other||||||
|recognised<br>gains and losses||||(505)|2,784|2,279|55,164|
|Other recognised<br>gains/(losses)||||||||
|Unrealised<br>gains on investments||in year|15||(24,600)|(24,600)|90,911|
|Net movement<br>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|





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|<br>for the year ended|<br><br> 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|





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|||||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<br>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|





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|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|||||



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|5|Investment<br>Income|Investment<br>Income|||2020|2019|
|---|---|---|---|---|---|---|
||||||6||
||Investment<br>income||||24,890|29,647|
|6|Staff Costs and Emoluments||||2020|2019|
||||||6|6|
||Gross salaries|and wages|||24,548|26,226|
||Employers<br>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|





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|Tangible fixed asse|ts||||
|---|---|---|---|---|
||||Plant and||
|||Land and|machinery||
|||buildings<br>f.|etcf|Total|
|Cost|||||
|At 1 January 2020||278,127|3,160|281,287|
|Housing<br>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<br>Grant||20,000<br>(88,752)|5,000|25,000<br>~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|





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|for|the year ended 31December 202|the year ended 31December 202|the year ended 31December 202|the year ended 31December 202|0||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|10|Investments<br>held as current assets||||||||||2020|2019f|
||Charles Stanley - Investments||||||||||477,056|476,585|
||National<br>Association|ofAlmshouses||Common||Income||Fund|||69,453|75,060|
||National<br>Association|ofAlmshouses||Common||accumulation|||Fund||274,461|283,482|
||Charities<br>Official -COLA||||||||||54,916|51,601|
||||||||||||875,886|886,728|
|11|Creditors: amounts|falling due|within one year||||||||2020f|2019|
||Mortgage<br>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<br>f.|
||Mortgage||||||||||32,947|35,731|
||The mortgage<br>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<br>by|
||August 2029.||||||||||||
|13|Loans||||||||||2020f|2019f|
||Creditors include:||||||||||||
||Amounts<br>falling due|for payment|after||more than five|||years|||23,231|30,881|
|14|Designated<br>Funds||||||||||||
||||||Property||Extra-ordinary||||Land &building||
|||||development||||repairs|||reserves||
||||||fund|||reserve||f|(non-liquid)<br>f|Totalf|
||At 1 January 2020||||500,000|||250,000|||149,644|899,644|
||Movement<br>in year P&L||||||||||2,784|2,784|
||At 31 December 2020||||500,000|||250,000|||152,428|902,428|





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|15|Investments<br>revaluation|reserve|||2020|2019|
|---|---|---|---|---|---|---|
||||||f.||
||At 1 January 2020||||226,768|135,857|
||Arising<br>in revaluation<br>during the year||||(24,600)|90,911|
||At 31 December 2020||||202,168|226,768|
|16|Unrestricted<br>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<br>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<br>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|





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|Employee costs:|||||||
|---|---|---|---|---|---|---|
|Warden's<br>salary and||cover costs||24,548|24,548|26,226|
|Staff training<br>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<br>system||||3,336|3,336|3,234|
|Repairs<br>—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<br>-buildings||||3,479|3,479|3,376|
|||||129,097|129,097|75,371|
|General administrative||expenses:|||||
|Insurance<br>-trustees||||484|484|484|
|Bank charges||||1,234|1,234|1,101|
|Subscriptions<br>and|fees|||712|712|754|
|Telephone<br>and fax||||1,021|1,021|926|
|Sundry expenses<br>Donations||||544|544|521<br>19|
|||||4,321|4,321|3,805|
|Legal and professional<br>Audit fees||costs:||3,600|3,600|3,600|
|Clerk's fees||||7,675|7,675|10,739|
|Investment<br>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|