2021-12-31-accounts

				Pacae
Charity information
Trustees' report
Independent auditors'	report			6- 7
Statement of Financial	Activities
Statement of Changes	in	Equity
Balance sheet				10
Notes to the accounts				11- 16
Schedule to the Statement		of Financial	Activities	17- 18

Chairperson			C Evans
Secretary			G Dipple
Treasurer			A Calver
Trustees			C Evans
			L Holt
			M White
			R Hucklesby
			J Bagwell
			D Butt
			L-J Evans
			L Belcham	(Appointed		05January 2022)
Accountants			Avencia Tax and		Accountancy		Ltd
			13a Mill Lane
			Wimborne
			Dorset
			BH21 1LN
Auditors			Ward Goodman		Audit	Services	Limited
			4 Cedar Park, Cobham			Road
			Ferndown
			Wimborne
			Dorset
			BH21 7SF
Bankers			HSBC
			Santander
Registered	office		13a Mill Lane
			Wimborne
			Dorset
			BH21 1LN
Charity Registered		number	232200

					2021Actua I	2020
Reinvestment					0.00%	0.00%
New supply delivered			-Social housing		0.00%	0.00%
New supply delivered			- non social	housing
Gearing					-49.98%	-41.43%
EBITDA					5885.39%	749.67%
Headline	social housing cost per			unit	3,221.33	2 3,818.35
Operating	margin	(Social housing		lettings) %	11.42%	-2.53%
Operating	margin	(overall) %			9.71%	1.26%
ROCE					1.46%	020%

Income and Expenditure Ac	count
			Unrestricted	Designated	Total	Total
			Funds	Funds	Funds	Funds
		Notes	2021	2021	2021	2020
Incoming Resources
Operating activities in furtherance	of charity's	objectives	163,733		163,733	155,382
Investment income			22,904		22,904	24,890
Other incoming resources
Total Incoming Resources			186,637		186,637	180,272
Net Incoming Resources available for
charitable applications			186,637		186,637	180,272
Charitable expenditure
Management and administration	of the charity		170,383		170,383	177,993
Total Resources expended			170,383		170,383	177,993
Net Incoming Resources before			16,254		16,254	2,279
Transfers
Transfers between funds:-		14	(17,780)	17,780
Net Incoming Resources before revaluations
and investment asset disposals			(1,526)	17,780	16,254	2,279
Unrealised gains on investments	in year	15		84,642	84,642	(24,600)
Net Movement in funds			(1,526)	102,422	100,896	(22,321)
Total revenue funds brought	forward		31,010	1,104,596	1,135,606	1,157,927
Total revenue funds carried	forward		29,484	1,207,018	1,236,502	1,135,606

for the year ended	31 December 2021
			Designated	Investments	Unrestricted
			funds	revaluation	revenue
			reserve	reserve	reserve	Total
As 1 January 2020			899,644	226,768	31,515	1,157,927
Surplus 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)
As at 31 December	2020		902,428	202,168	31,010	1,135,606
As 1 January 2021			902,428	202,168	31,010	1,135,606
Surplus/(Deficit) for	the financial year				16,254	16,254
Other comprehensive	income for the financial	year		84,642		84,642
Total comprehensive	income for the financial	year		84,642	16,254	100,896
Transfers			17,780		(17,780)
As at 31 December	2021		920,208	286,810	29,484	1,236,502

as at 31 December	2	021
				Notes		2021		2020
Fixed assets
Tangible assets						187,502		189,375
						187,502		189,375
Current assets
Debtors				10	2,642		4,629
Investments held as current assets				11	963,610		875,886
Cash at bank and in hand					126,573		113,286
					1,092,825		993,801
Current liabilities Creditors due within one		year		12	~13.656		(14,623)
Net current assets						1,079,167		979,178
Total assets less current			liabilities			1,266,669		1,168,553
Creditors:
Amounts due after more		than	one year	13		(30,167)		(32,947)
Net assets						1,236,502		1,135,606
Capital and reserves
Designated funds				14		920,208		902,428
Investments revaluation		reserve		15		286,810		202,168
Unrestricted revenue	reserves			16		29,484		31,010
						1,236,502		1,135,606

Investment	Income			2021	2020
Investment	income			22,904	24,890
				22,904	24,890
Staff Costs	and Emoluments
				2021	2020
				R
Gross salaries and wages				25,380	24,548
Employer's	National	Insurance	contributions
				25,380	24,548

Cost of Auditor and	other acco	unting services
				2021	2020
				R
Book-keeping and clerical				6,989	7,675
Audit fees				4,680	3,600
				11,669	11,275
Tangible fixed assets
				Fixtures,
		Almshouse	Land at	furnishings
		buildings	Corfe	&equipment	Total
		R	R	R
Cost
At 1 January 2021		187,875	1,500	3,160	192,535
Housing association	grant
At 31 December 2021		187,875	1,500	3,160	192,535
~De reoiation
At 1 January 2021				3,160	3,160
Charge for the year		1,873			1,873
At 31 December 2021		1,873		3,160	5,033
Net book value
At 31 December 2021		186,002	1,500		187,502
At 31 December 2020		187,875	1,500		189,375

									Old Rope	St.Georges
									Walk,	Buildings,
									Hamworthy	Poole	Total
									R		R
	Cost								221,219	30,408	251,627
	Valuation Grant Depreciation							20,000 (88,752) ~1,520 150,947		5,000 ~353 35,055	25,000 (88,752) ~1,573 186,002
	Accommodation			owned and in management						2021	2020
	Completed	units:								No. of units	No. of units
	Old Rope	Walk								39	39
	St.Georges									4	4
										43	43
10	Debtors									2021	2020
	Maintenance charges				owed I (paid	in advance)				(930)	554
	Prepaid expenses									2,572	3,075
	Rent owed	from land			at Corfe					1,000	1,000
										2,642	4,629
11	Investments held			as current assets						2021	2020
										R
	Charles Stanley portfolio									514,455	477,056
	National Association				of Almshouses	Common	Accumulation		fund	310,618	274,461
	National Association				of Almshouses	Common	Income fund			75,707	69,453
	Charities Official		—CCLA							62,830	54,916
										963,610	875,886
12	Creditors:	amounts			falling due within one year					2021	2020
										R
	Mortgage	loan								2,500	2,500
	PAYE and	Nl								910	989
	Expenses	owed to		Warden							103
	Accrued expenses									10,226	11,009
	Other creditors									22	22
										13,658	14,623
13	Amounts	due after			more than one year included			in total	above are	analysed as:-
	Mortgage									30,167	32,947
										30,167	32,947

for	the year e	nded 31	De	cember	20	21
14	Designated	funds				Property	Extra-	Land &	building
						development	ordinary	reserves:
						fund	repairs	(non-liquid)		Totals
	At 1 January					500,000	250,000	152,428		902,428
	Movements	in year					15,000		2,780	17,780
	At 31 December 2021					500,000	265,000	155,208		920,208
							Total	designated	funds	920,208
15	Investments	revaluation		reserve					2021	2020
									R
	At 1 January							202,168		226,768
	Arising on revaluation		during the year						84,642	(24,600)
	At 31 December 2021							286,810		202,168
16	Unrestricted	revenue	reserves						2021	2020
									R
	At 1 January								31,010	31,515
	Transfer from income		and	expenditure		account			16,254	2,279
	Transfer to	land 8 buildings		reserve					(2,780)	(2,784)
	Transfer to	extra-ordinary		repairs	fund			(15,000)
	Transfer to	property development			fund
	At 31 December 2021								29,484	31,010

for the year ended 3	1 D	ecember 2	021
Incoming Resources				Unrestricted	Restricted	Total	Prior Period
				Funds	Funds	Funds	Total Funds
				2021	2021	2021	2020
Operating activities	in furtherance		ofthe charity's objectives
Occupational charges		- ORW		145,514		145,514	140,045
Occupational charges		- St.Georges		10,869		10,869	10,337
Donations				100		100
Rental income				6,000		6,000	4,000
Income from land				1,000		1,000	1,000
Sale of furniture				250		250
				163,733		163,733	155,382
Investment Income
Investment income				22,904		22,904	24,890
Interest received
				22,904		22,904	24,890
Other Incoming Resources
Other income - wayleave
Total Incoming Resources				186,637		186,637	180,272

for the year ended 31 Dece	mber	2021
				Unrestricted	Restricted	Total	Prior Period
Charitable expenditure				Funds	Funds	Funds	Total Funds
				2021	2021	2021	2020
Management and administration		ofthe charity
Employee costs:
Warden salary and cover	costs			25,380		25,380	24,548
Staff training and welfare
				25,380		25,380	24,548
Premises costs:
Legionella checks				1,850		1,850	3,701
Water rates				10,272		10,272	10,680
General rates				339		339	12
Electric - communal areas				6,390		6,390	9,226
Electric - empty properties				998		998	1,624
Alarm monitoring system				5,362		5,362	3,336
General repairs - ORW				34,098		34,098	34,792
General repairs - St.Georges				174		174	573
Major repairs & Renovations				45,128		45,128	57,184
Window cleaning				10		10	30
Gardening and tree felling				4,375		4,375	4,460
Insurance - buildings				3,416		3,416	3,479
Establishment consumables				725		725	544
				113,137		113,137	129,641
General administrative expenses:
Telephone and fax				957		957	1,021
Insurance -trustees				484		484	484
Bank charges				1,200		1,200	1,234
Subscriptions and fees				295		295	712
Computer software				793		793	326
Depreciation				1,873		1,873
				5,602		5,602	3,777
Legal and professional costs:
Auditors' remuneration				4,680		4,680	3,600
Clerk's fees				6,989		6,989	7,675
Investment management	fees			4,783		4,783	4,511
Admin support costs				2,234		2,234	1,954
Interest payable				308		308	304
Survey's, legal fees and consultancy			re Land Development	7,270		7,270	1,983
				26,264		26,264	20,027
Total spent on administration				170,383		170,383	177,993
Total surplus I(deficit)						16,254	2,279