#
##
|||||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|||||
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||||||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%|
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|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|
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|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|
##
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|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|
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||||||||||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|