The Talbot Village Almshouses Trust
Financial Statements
Year Ended 31 December 2023
Charity registration number.. 249348

The Talbot Village Almshouses Trust
Financial Statements
Year Ended 31 December 2023
Contents
Page
Charity Reference and Administrative Details
Tnjslees, Annual Report
Independent Examiner's Report
Slaternenl of Financial Activities
Balance Sheet
Notes to the Financial Statements
8-14

Tho Talbot Village Almshouses Trust
Trustees. Annual Report
Year Ended 31 December 2023
Charity registration number
249348
Address
do Savills
Wessex House
Priors Walk
Wimborne
BH21 1PB
Trustees
Nicholas Ashley-cooper, The 12￿ Earl of Shaftesbury
Sir Christopher James Lees Bart. Chair
Cecilia Mary Bufton
James Randolf Gibson Fleming Esq
Mary Elizabeth Riall
Sir George William Owen Tapps Gervis Meyrick Bart
Richard Anthony Culler
Independent examSner
Daniel Tout FCA
PKF Francis Clark
Towngale House
2- 8 Parkstone Road
Poole
BH152PW
Chief Executive
Caroline Coob8n
Solicitor
Lester Aldridge LLP
Russell House
Oxford Road
Bournemouth
8H8 8EX
Bankers
Barclays Bank PIC
Investment managers
Rathbone Investment Management Ltd
1 Curzon Street
London
W1J 5FB
Other Advlsors
Savills {UKI Limited

The Talbot Villagè Almshousos Trust
Trustees, Annual Report
Year Ended 31 December 2023
The Trustees present their report and the unaudited financial statements of the charity for the year
ended 31 December 2023. The Trustees have adopted the provisions of the Statement of
Recommended Practice ISORPI "Accounting and Reporbng by Charities" IFRS 1021 in preparing the
annual report and financial statements of the charty.
The financial slalements have been prepared in accordance with the accounting policies set out in the
notes to the accounts and comply with the charity's goveming document, the Charities Act 2011 and
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance Wbth the Financial Reporting Standard applicable in the UK and
Republic of Ireland.
Trusteos of the charity
The Trustees who have served during the year and since the year end were follows..
Nicholas Ashley-cooper, The 121h Earl of Shaftesbury
Sir Christopher James Lees Bart
Cecilia Mary Bufton James Randolf Gibson Fleming Esq
Mary Elizabeth Riall
Sir George William Owen Tapps Gervis Meyrick Bart
Richard Anthony Cutler
The Trustees act in an entirely voluntary Capacity, and their roles are unpaid. The Trustees of the
charity are also Trustees of Talbol Village Trust.
Objectives and activities
The Trust's powers are sel out in a Scheme approved by the Charity Commissioners on 14th
November 1995, and has an incorporated trustee body, as amended on 11th November 2021. Under that
Scheme the Trust has powers lo support the Talbol Village Almshouses.
The TrLJStees have prepared a five-year rolling plan which is reviewed once a year, incorporating the
continued support of the Almshouses, by which they keep under review their constilulional and
adrninislralive structures and responsibilities. The main elements of this plan are the charity's ongoing
objective to maintain a constant level of accommodation at a high standard.
Public benefit statem8nt
The Trustees have given due regard lo public benefit when planning the charity's aclivilies, in
accordance with the Charity Commission's Guidance on Public Benefit.
The charity achieves ils principal objects and purposes through the continued support of the
Almshouses. These benefits are directly related lo the aims of the charity and are fully compliant with
the Charity Commission Principles on Public Benefit.
A¢hievgmgnt$ and performance
The Trust continues lo manage Almshouses al Talbol Village, Bournemouth which was part of the original
endowment. 11 is the Trustees, policy to maintain and preserve the properties lo a good standard.
Compliance inspections and planned preventative Maintenan￿ checks were maintained throughout the
year. No significant works were undertaken in 2023 bul one kitchen was replaced during the year.

The Talbot Village Almshouses Trust
Trustees, Annual Report
Year Ended 31 December 2023
Financial review (including reserves policy)
During 2023 the Trust's financial advisers continued lo actively manage the Trust's investèd funds in
accordance with the Trusfs policy of trying lo achieve a fair balance between capital growth and
income. This policy was adopted by the Trustees al their meeting in May 2005 and has been revised
annually thereafter. The capital value of the Trusvs invested securities iTrcreased from £138,902 10
£147.525.
Total income for the year was £38,36312022.. £32,840). Of this, £5,651 {2022.' £5,128) was generated
from the Trust's invested funds. The balance of £32,71212022'. £27,712) is attributable to grants and
donations received from the Talbol Village Trust. {See Note 21.
The Trustees endeavour to maintain sufficient reserves lo support 1 10 2 years, future potential
expenditure, subject to the support they receive from the Talbot Village Trust. Al the year end,
unrestricted reserves were £146,288. Reserves currenly meet this objective.
Plans for future perlods
The Trustees will continue lo implement their five-year plan in relation to their ongoing support of the
Almshouses and investment perfomance, the plan is reviewed annually.
structure, governance and management
The Chairman is responsible for ovorseeing the management and administration by the Trust
Executive as directed by the Trustees.
There are two general meetings of the Trust each year. Spocial meetings are arranged when appropriate.
Trustees undertake an annual review of the major risks lo which the Trust is exposed and the
procedures currently in place lo mitigate these. The management of these and any other risks will be
kept under annu81 review. The Trust Is 8 member of rhe Almshouse Asswialion.
The Trustees have a strategy which comprises-
An annual review of the principal risks and uncertainly that the charity faces..
The eslablishmenl of policies, systems and procedures lo mitigate those risks identified
in the annual review.. and
The implementation of procedures designed lo minimise or manage any potential Imp8¢1
on the charity should those risks malerialise.
This work has identified financial, management and compliance as areas of risk however due to
the Trustees, conservative investment policy and use of specialist external advisers il is felt that
these risks can be effectively managed.
The Trustees keep under revlew any gaps in the range of skill sets pr6sent on the Board and recruit
for specific areas of experienoe and expertise keeping in mind the need to meet diversity in all ils
forms. All new Trustees are provided with the Trustees Handbook, which includes the Charity
Commission Schemes and policy documents, together with other important documents including
the Charity Commission publication "The Essential Trustee"
New trustees are also invited lo tour
Talbol village in which the Almshouses are located as part of their induction.
The Trustees are kept up to dale of their responsibilities by the professlonal advisers as
appropriate.
Investment powers
The Tmsl is subject to the provisions of the Trustee Act 2000.

The Talbot Village Almshouses Trust
Trustees, Annual Report
Year Ended 31 December 2023
Trustees. responslblllties
The Trustees are responsible for preparing the Trustees. Annual Report and th& financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Praclicel.
The law applicable to charities in England & Wales requires the Trustees lo prepare financial statements for
each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming
resources and application of resources of the charity for that period. In preparing these financial statements.
the Trustees are required to..
select suitable accounting policies and then apply them consislenlly.,
observe the methods and principlgs in the Charities SORP 2019 IFRS 1021.,
make judgements and eslimales th81 are reasonable arid prudent..
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate 10
presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy
al any lime the financial position of the charity and enable them lo ensure that the financial statements
comply with the Charities Act 2011, the Charity IAccounls and Reports) Regulations 2008 and the provisions
of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for tsking
reasonable steps for the prevention and detection irf fraud and other irregulariligs.
Details of the independent examiner and their responsibilities are referred to on pago 5 as part of the Report
of the Independent Examiner to the Trustees.
On behalf of the board
Sir Christopher James Lees Bart, Chairman
Dale.. 23 July 2024

The Talbot Village Almshouses Trust
Independent Examiner's Report
Year Ended 31 December 2023
Independent Examiner's Report to the Trustees of The Talbot Village Almshouses Trust
report to the Trustees on my examination of the accounts of The Talbot Village Almshouses Trust (the
Trust) for the year ended 31 December 2023.
Responsibilities and basis of report
As the TTuslees of the Trust you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 20111'the Acl'l.
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act
and in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 34515llbl of Ihe Act.
Independent examinerfs statement
I have completed my examination. I confim) that no m8terial matters have come to my attention in
connection with the examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the Trust as required by section 130 of the Act., or
2. the accounts do not accord with those records., or
3. the accounts do not comply with the applicable requirements con￿MIng the form and content of
accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a true and fair view which is not a maller considered as part of
an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Daniel Toul FCA IA partner ofj
PKF Francis Clark, Chartered Accountants
Towngate House
2- 8 Parkslone Road
Poole
BH152PW
Date.. 8 August 2024

The Talbot Village Almshouses Trusl
Statement of Financial Activities
Year Ended 31 December 2023
Unr8Strict
funds
Endowment
funds
2023
Total
2022
Total
Note
Income:
Charitable activities
Investments
Donation
27.712
5,651
5,000
27.712
5.651
5,000
27,712
5,128
Total Income
38,363
38,363
32,840
Expendituro on:
Charitable activities
37,286
37.286
28,328
Total expenditure
37,286
37,286
28.328
Nel galns I Ilossesl on
Investments
2,858
2,858
15,015)
Net Income l (expendlturel
3,935
3,935
1503)
Transfers between funds
12
Net movement In funds
12
3.935
3.935
15031
Reconciliation of funds..
Total funds brought foNard
12
142.353
4,762
147,115
147.618
Total funds carried forward
12
146,288
4,762
151,050
147,115
l income and expenditure derive from continuing aclivilies.
The notes on pages 8 to 14 form part of these financial statements.

The Talbot Village Almshousos Trusl
Balance Sheet
Year Ended 31 December 2023
2023
2022
Note
Fixgd assets
Investments
147,525
138,902
147,525
138.902
Current assets
Debtors
Cash at bank and in hand
10
5,956
1,644
8,630
3,850
7,600
12,480
Credltors: amounts falllng due wlthln one year
4,075
4.267
Net ¢urrgnt assets
3.565
8.213
Net assets
151.050
147,115
Charity Funds
Permanent endowment fund
Unrestricted funds
12
12
4,762
146,288
4,762
142,353
Total charlty funds
12
151,050
147.115
The financial statements were approved and authorised for issue by the Board.
Signed on behalf of the board of Trustees
Sir Christopher James Lees 8art, Chairman
Date= 23 July 2024
The notes on pages 8 10 14 form part of these financial statements.

The Talbot Village Almshouses Trust
Notes to the Financial Statements
Year Ended 31 December 2023
Summary of significant accounting policies
la) General information and basis of preparation
The Talbot Village Almshouses Trust is a registered charity, registration number 249348. registered in
England and Wales. The address of the charity is given in the charity information on page 1 of these
financial slalemenls. The nature of the charity's operations and principal activities are described in the
Trustees, annual report set out on pages 2 - 4.
The charity constilLJtes a public benefit entity as defined by FRS 102. The financial statements have
been prepared in accordance with Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities
Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
The financial statements are prepared on a going concem basis and under the historical cost
convention, modified to include certain items al fair value. The financial statements are prepared in
sterling which is the functional currency of the charity and rounded lo the nearest £.
The significant accounting policie5 applied in the preparation of these financial statements are sel out
below. These policies have been consislenlly applied to all years presented unless otherwise staled.
Ib} Funds
Unreslricled funds are available for use at the discretion of the Trustees in furtherance of the general
objectives of the charity and which have not been designated for other purposes.
Endowment funds represent those assets which musl be held permanently by the charity, principally
fixed assets, tangible and investrnenls. Income arising on the endowment funds can be used in
accordance with the objects of the charity and is included as unreslricled income. Any capital gains or
losses arising Dn the investments form part of the fLJnd. Investment management charges and legal
advi￿ relating to the fund are charged against the fund.
{cl Incomg rgcognition
All incoming resources are included in the Slalemenl of Financial Activities {SoFAI when the charity is
legally entitled lo the income after any perfom)ance conditions have been met, the amount can be
measured reliably and il is probable that the income will be received.
Investment income is earned through holding assets for investment purposes such as shares and
property. 11 includes dividends. interest and rent.
Dividend income comprises dividends declared during the accounting period. Income from short term
deposits is accounted for by reference lo the amount receivable, calculated on a daily basis. Rental
income is accounted for on the basis of the amount receivable for the financial year on an accruals
basis.
Income from charitable activities includes grants paid from the Talbol Village Trust and Almshouses
rents due during the accounting period. These are recognised on a receivable basis. Income from
endowment funds is unrestricted.

The Talbot Village Almshouses Trust
Notes to the Financial Statements
Year Ended 31 December 2023
{dl ExpenditUTe recognition
All expenditure is ac¢ounled for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Expenditure is recognised where there is a legal OT
constructive obligation to make payments lo third parties, it is probable that the selllement will be
required and the amount of the obligation can be measured reliably.
le) Support costs allocatlon
SupFX)rt costs are those that assist the work of the charity bul do not directly represent charitable
activities and include office costs, governance costs and administrative costs. They are incurred
directly in support of expenditure on the objects of the charity. Where support costs cannot be directly
attributed to particular headings they have been allocated lo expenditure on charitable activities on a
basis consislenl with use of the resources.
The analysis of these costs is included in note 5.
lfj Investments
Investments are recognised initially at fair value which is normally the transaction prfce excluding
transaction costs. Subsequently. they are measured at fair value with changes recognised in 'nel
gains I (losses} on investments. in the SOFA if the shares are publicly traded or their fair value can
otherwise be measured reliably.
{gl Debtors and credltors recelvable I payable wlthln one year
Debtors and creditors with no staled interest rate and receivable or payable within one year are
recorded al transaction price. Any losses arlslng from impairment are reco9nised in expenditure.
{hl Tax
The charlly Is an exempl charity within the meaning of schedule 3 of th& Charities Act 2011 and is
considered to pass the tests sel out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it
eets the definillon of a charitable company for UK corporation tax purposes.
li) Alms Houses
The Talbol Village Alms Houses are included on the balance sheet of the connected charity (see the
Trustees report), The Talbol Village Trust, within ils tangible fixed assets and shown at their existing
use value as determined at 31 December 2000.

Tha Talbot Village Almshouses Trust
Notes to the Financial Statements
Year Ended 31 December 2023
Income from charitable activities
2023
2022
Grant equivalent to o¢Gupational charges received from Talbol Village
Trust
27,712
27.712
Donations received from Talbot Village Trust
5,000
32,712
27,712
Income from charitable activities was £32.712 {2022 - £27,712} all of which was attributable to
unreslricled funds.
Income from Investments
2023
2022
Dividends- equities
Interest
5,625
26
5,124
5,651
5.128
Income from investment was £5,646 {2022 - £5,128) all of which was attributable to unrestricted funds.
Analysis of expenditure on Charitable aetlvities
Support
costs
Total
2023
Total
2022
Charitable activities
37,286
37,286
28,328
37.286
37,286
28,328
£37,286 {2022 - £28,328) of the above costs were attributable lo unrestrided funds.
10

The Talbot Village Almshouses Trust
Notes to the Financial Statements
Year Ended 31 December 2023
Allocatlon of support costs
Support cost
Basis ol
allocation
Total
2023
Total
2022
Gov8rnanc8
Other
See note 6
See b81ow
1,500
35,786
2,196
26,132
Tolal
37.286
28.328
Analysls of other support costs
Total
2023
Total
2022
Establishment costs
Repairs and maintenance
Sundry and other
Legal and professional fees
1,442
29,559
195
4,590
2.438
20,450
195
3,049
Total
35,786
26,132
Govèrnancè Costs
Totsl
2023
Total
2022
Accountancy fees
Independent examiner's fee
275
1.225
1,176
1,020
1.500
2,196
Independent examlner's remuneratlon
The Independent examiner's remuneration amounts to an independent examination fee of £1,225
12022- £1,02018nd other services of £27512022 - £1,176).
Trustoe$' and key managemenl personnel remuneration and expensas
The Trustees neither received nor waived 8ny remuneration during the year12022 - £nill.
The Trustees did not have any expenses reimbursed during the year12022 - £nil}.

The Talbot Village Almshous85 Trust
Noles to the Financial Statements
Year Endod 31 December 2023
Fixed asset investments
Listed
investments
Cost or valuation
Al 1 January 2023
Additions
Disposals
Revaluation
Al 31 December 2023
138.902
5,765
2.858
147.525
Impairment
Al 1 January 2023
Written off
Written back
Eliminated on disposals
Al 31 December 2023
Carrying amount=
Al 31 December 2023
147,525
Al 31 December 2022
138,902
Investments at fair value compromise..
2023
2022
Equities
147,525
138,902
147.525
138,902
10 Debtors
2022
2021
Prepayments and accrued Income
5,956
8,630
5,956
8,630
12

The Talbot Villago Almshousas Trusl
Noles to the Flnanclal Statements
Year Ended 31 December 2023
11 Creditors: amounts falling due within one year
2023
2022
Trade creditors
Accruals and deferred income
1,600
2,475
564
3,703
4,075
4,267
12 Fund reconciliation
Unrestricted funds
alanceal I
Gains I
(losses)
Ba1an¢eal 31
January 2023
Income
Expenditure
Transfers
Detsmb¥2023
Unrestricted
142,353
38,363
137,286)
2.858
146,288
142,353
38.363
137,2861
2,858
146,288
Endowmont funds
Balanreal 1
Gains I
Ilossesl
Balarth at31
January 2022
Income
Expenditure
Transfers
Decemb¢r2022
Pem)anent
endowment
4.762
4,762
4,762
4,762
Fund descriptions
a} Unreslricled funds
Unreslricled funds are for use al the csiscrelion of the Trustees in furtherance of the general objectives
of the charity.
bl Endowment fvnds
Endowment funds represent fixed assets held pemianenlly by the charity, freehold propety and
investments. Income arising on the endowment funds is used in accordance with the objects of the
charity.
13

The Talbot Village Almshouses Trust
Notes to the Financial Stalements
Year Ended 31 December 2023
13 Analysls of net assets between funds
￿￿8$t￿Cted lund5
Endowment
Total
2023
(unds
Fixed assets
Cash
Other current assets
142,763
1,644
1,881
4,762
147,525
1,644
1,881
Total
146,288
4,762
151,050
14 Relatgd party transactions
Talbot Village Trust supports ils connected charity (see the Tnjslees, report), The Talbot Village
Almshouses Trust by way of a grant and donation. The grant and donation for the year amounted lo
£27,712 and £5,00012022.. £27,712 and nill.
Al the year end an amount of £5,05012022.. £7,7351 was due to thg Talbol Village Almshouses Trust
from Talbol Village Trust in rospect of Iransf&r5 of Almshouses occupational charges less accountancy
fees paid by Talbot Village Trust on behalf of Talbol Village Almhouses Trust.
14