RINGWOOD UNITED CHARITIES
(Charity Registered Number 3070941
28 Christchurch Road
Ringwood
Hampshire BH24 IDN
TRUSTEES, ANNUAL REPORT
AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CHAIRMAN OF TRUSTEES:
Mr D Brown
76 Hinton Wood Avenue
Christchurch
Dorset BH23 5AJ
BANKERS:
National Westminster Bank PLC
11 High Street
Ringwood
Hampshire BH24 IBA
CCLA Investment Management Limited
One Angel Lane
London EC4R 3AB
INDEPENDENT EXAMINER:
Mrs L Horler, ACMA
27 Dene Close, Poulner
Ringwood
Hampshire SP6 INQ
Page I I

Page12

RINGWOOD UNITED CHARITIES
TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEE5' APPROVAL CERTIFICATE
As Trustees, we approve the Annual Report and Financial Statements set out on pages I to 15 in all
respects.
Signed on beh
of the Trustees:
eron {Chair
th
Date: 30 March 2026
Page | 3

RINGWOOD UNITED CHARITIES
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
The Trustees have the pleasure in presenting their report together with the account5 of the Charity for the year
ended 31 March 2025. The accounts have been prepared in accordance with the accounting policies set out on
page 7 and comply with the Charity Commission's Schemes and applicable law.
OBJEcf5 AND BACKGROUND
The Charity was created in its present form, and is governed by, a Charity Commission Scheme of 1959. This
brought together several historic endowments, some dating back as far as the 17th century. The scheme
restricted the Charity to providing benefits to poor people living within the Parish of Ringwood and divided the
Charity into two branches. First the Almshouse branch is entrusted with the provision and management of
almshouses. The Charity owns the freehold of 8 flats at the Quomp, Ringwood. These were specially built in 1843
under the terms of a bequest dated a few years earlier. The building has been Graded11 Listed. Secondly the
Poor's branch holds funds which are to be used for the general benefit of the poor, specifically including providing
support to almshouses. The Trustees, main concerns are the ongoing presen4ation, upgrading and maintenance of
the property, and ensuring that it provides safe and comfortable homes for the residents.
The 1959 scheme envisaged that part of the Charity's land could be used for allotments. However, in the 1960's
the excess land was compulsorily purchased by Ringwood and Fordingbridge Rural District Council. As part of the
purchase agreement the Council undertook to supply and fund a warden in perpetuity. Consequently, the welfare
of the resident5 was overseen on a daily basi5 however in recent years New Forest District Council have
withdrawn this service and the responsibility falls back, in the main, on Clerk to the Trustees,.
In accordance with the original donors. wishes the Charity's founding funds were permanent endowments, and
the only funds available to the Trustees from this source are the income generated from investing the capital.
Residents of the almshouses are required to make contribution towards maintenance costs, but these
contributions are restricted to well below what would be a market rent. A Further Charity Commission Scheme in
1979 brought the Alexander James Memorial Trust Fund within the Charity's resources, and this put the Charity
on a more secure footing. However, other than residents, maintenance contributions and investment income the
Charity today is 501ely dependent on legacies and other donations.
PUBLIC BENEFIT
The Charities main area of operation is as a housing organisation providing eight units of self-contained
accommodation; each unit comprising of a double bedroom, bathroom. kitchen and living room. Four of the units
are based on the ground floor and the other four units are located on the first floor. The Grade11 Listed Building is
situated in close proximity to the town centre and also offers it5 residence a courtyard and maintained communal
gardens in which to relax. A5 well as providing accommodation the Charity works with the poor of the Parish and
has provided direct and indirect support through the disbursement of funds. Vacancies are advertised locally and
potential residents are also proposed by the housing authority. The Trustees have taken careful regard of the
Charity Commission's guidance on public benefit and believe that by meeting the objectives of the Charity they
are fulfilling those requirements.
AcfiviTY DURING THE YEAR
After running with a vacancy for most of last year renovations were completed on flat 8, the occupant moved
back in and the freed-up property was filled with a new resident.
Page14

The long running maintenance project to replace the whole roof and a number of the chimney stacks was
completed.
The Trustees entered into discussions with the Trustees of the Almshouses at Ellingham, with the declining
numbers of people available to serve, it was felt that there was an opportunity to bring the charities closer
together.
FINANCIAL REVIEW
Whilst the Charity continues to invest in the ongoing maintenance of the building the organisation's finances
remain in reasonable health although the commitment to the chimney stack and roof repairs has made a
significant redurtion within the major repairs fund and it is important that the Trustees remain mindful that this
fund will, over the coming years, need to be replenished.
In the year 2024125 the resident's maintenance contribution amounted to £37,796 an increase of £9,172 on the
previous year plus a further £2,993 outstanding in contributions owed. Running costs of the Almshouse [detailed
in Note 5(b) on page 141 amount to £18,003 [202312024 £89,433]. Income from investments amounted to
£5,381. A decrease of £981 over the previous year-The investment funds involved are approved by the Charity
Commission and are held for the long term. Overall. The value of the Charities assets decreased by £30,743
The freehold property represents just below 61% of the total asset value of the Charity, based on the 2025
valuation [market value £1,140,000], however it remain5 that there is no expectation that the property will be put
up for sale. Under the Trustees revaluation policy, the building is professionally revalued every 5 years.
RESERVES
The Charity's founding funds were by way of permanent endowment and only the income generated can be
spent. The freehold property owned by the Charity is included in the accounts as an investment asset. By its
nature and by the Charity 's objective it is not expected to be realised. The Trustees ensure the upkeep of the
building is constantly under review and take professional advice where appropriate. The Trust Scheme requires
the Trustees to designate part of the reserves as an Extraordinary Repair Fund (ERF), holding significant funds
available in case of major maintenance requirements. The annual investment is assessed in accordance with
guidelines issued by the Almshouse Association.
The allocation of reserves, showing those funds which are permanent, and which are available to meet operating
requirements, is shown in Note 6 on page 15.
RISK MANAGEMENT
The Trustees have considered the risks faced by the Charity which include not only operational risks such as fire
and accident, but risks arising from ever-changing legislation and an increasingly litigious society. They have
considered the impact of laws on data protection, safeguarding, disability access and the safety of the building is
constantly under review. They believe that they have identified the major risks which the Charity faces, and
business and operational risks areas far as practicable covered by commercial insurance. Strategic risks are
thought potentially to arise from legislative change at either local or national level, and these are monitored to
the extent that the Trustees are able.
Page | 5

TRUSTEES
The Constitution provides for there to be eleven Trustees. The Vicar of the Parish of Ringwood is appointed ex-
officio. Ringwood Town Council may appoint up to six Trustees with a further four trustees to be co-opted from
persons residing or carrying on business in or near Ringwood.
The Trustees at the date of this report and holding office during the year were:
Mr David V Brown
Mrs Jacqueline C Brown BA Hon
Cllr MaryA K DeBoos
Cllr John J Haywood
Cllr Jeremy D Heron
Mr Kevin P Jones BA Hon MCIAT
Miss Janet A Pankhurst
Cllr W Stephen Rippon-swaine
Mrjohn A R Smith
Revd S Miles
Vacancy
Chairman
Town Council Representative
Town Council Representative
Town Council Representative
Treasurer
Vice-chairman
Town Council Representative
Appointed rh January 2025
The Trustees meet formally six times a year. The quorum for Trustees, meetings is four, to ensure that the Trustee
meetings can be quorate in the event that an extraordinary meeting be called to attend to urgent business.
As in previous years I would like to thank my fellow Trustees and the Clerk who have supported the charity during
the past year.
Approve
heT
an
igned on their behalf by
eron
airman
Da
th
d: 30 March 2026
Page | 6

RINGWOOD UNITED CHARITIES
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT OF TRUSTEE RESPONSIBILITIES APPLICABLE TO THE TRUSTEES OF
RINGWOOD UNITED CHARITIES
Law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial
year, which give a true and fair view of the Charity's financial activities during the year and of its financial position
at the end of the year. In preparing accounts giving a true and fair view, the Trustees should follow best practice
and..
select suitable accounting policies and then apply them consistently,
• make judgements and estimates that are reasonable and prudent,
observe the methods and principles in the Charities Statement of Recommended Practice (FRS102),
state whether applicable accounting standards and statements of recommended practice have been followed,
subject to any departures disclosed and explained in the accounts,
prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will
continue in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial
position of the Charity and which enable them to ascertain the financial position of the charity and which enable
them to ensure that the accounts comply with applicable law and regulations. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Page | 7

RINGWOOD UNITED CHARITIES
(Charity Registered Number 3070941
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RINGWOOD UNITED
CHARITIES
FOR THE YEAR ENDED 31 MARCH 2025
I report to the Trustees on my examination of the accounts of Ring¥vood United Charities for the year ended 31
March 2025.
RESPECTIVE RESPONSIBILITIES AND BASIS OF REPORT
As the Charity's Trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 {the "Act").
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 5
section 14515){b) of the Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. Apart from my notes below, regarding the National Westminster'Business
Reserve bank account- APT James Memorial Trust, the 'BLK Charities UK Bond A, and the statu5 of the 'Alexander
James Memorial Trust,, I confirm that no other material matters have come to my attention in connection with
the examination giving me cause to 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
The accounts do not accord with those records; or
The accounts do not comply with applicable requirements concerning the form and content of accounts
set out in the Charities {Account5 and Reports) Regulations 2008 other than any requirement that the
accounts give a 'true and fair, view which is not a matter considered as part of an independent
examination.
l. National Westminster'Business Reserve bank account- APT James Memorial Trust,, with funds of
£2,904.48. This balance can only be verified with an historical bank statement. The National Westminster
Bank transferred the funds to a 'Dormant Account, in February 2017 and closed the Bank account.
2. Alexander James Memorial Trust (a dissolved Trust). The Trust and assets have been incorporated into
the accounts of Ringwood United Charity. The funds are held in BlackRock; with the account holder
named as 'Alexander James Memorial Trust,.
The income was previously received quarterly and paid into the Bank account noted in point l above. As
the investment income, has been by cheques in the name of 'Alexander James Memorial Trust, (the
dissolved Trust) there was no facility to bank the items since Nation Westminster has closed the account.
The Trustees have stated that they propose to resolve the issue by opening a new bank account in the
name of the 'Alexander James Memorial Trust, and incorporate the name into Ringwood United Charities
with the Charities Commission. However, the Trustees have not provided any evidence to support that
this action has been taken. The matter has now been outstanding for over 10 years
The Alexander James Memorial Trust capital and income continues to be included in the accounts, but no
evidence has been provided to the support inclusion due to the lack of resolution.
Page | 8

The amounts included in the accounts, in respect of the 'Alexander James Memorial Trust, (the dissolved
Trust) are as follows:
Reserve Account £2,905
Capital £ 36,091
Income provided for {Debtor)
2018 £ 836
2019 £ 1,672
2020 £ 1,324
2021 £ 1,567
2022 £ 1,254
2023 £ 1,254
2024 £ 1,254
2025 £ 2,064
£ 11,225
I have no other 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.
th
Date: 30 March 2026
27 Dene Close
Poulner
Ringwood
Hampshire
BH24 IDN
SIGNED:
E Horler ACMA
Page19

RINGWOOD UNITED CHARITIES
STATEMENT OF FINANCIAL ACTIVITIES
Statementof
Financial Activities
Year Ending March
2025
TOTAL
FUNDS
Alexanderjames
Memorial
Trust Fund
Notes
Main Fund
Total Funds
Poor's
INCOMING
RESOURCES
Charitable Activities
Grant Income
Investment Income
4b
Total Income & endowments
Fund
2025
2024
4a
38.270
38.270
34,868
3.185
41,455
132
5,381
43,651
6.362
41,230
2.064
132
RESOURCES
EXPENDED
Expenditure on:
Chaiitable
Disbursements
5a
Cost of Charitable Activities:
Upkeep ofthe
Almshouse
Administration
Professional Fees
Prior Year Adjustments
Tolal expenditure
146
146
5b
sc
sd
17.816
4,269
{1,900}
13831
19,802
17,816
4,269
11,900)
{71)
20,260
89,433
2.596
1.900
12,290
106,219
312
312
146
Net income before galnsl-
losses
21,653
1.752
114)
23,391
(64,9891
Unfealised revaluation gainsl- losses
Investments
Almshouses
NETMOVEMENTIN
FUNDS
115,090)
138.000)
(816)
sd
{228}
(16,1341
138,000)
67,190
131.4371
936
12421
130,743)
2,201
Balance at l April 2024
1.862.069
52.417
5.786 1,920.272
1,917,758
BALANCESAT31 MARCH 2025
1,830,632
53.353
5.544 1,889,529
1.919,959
Page | 10

RINGWOOD UNITED CHARITIES
BALANCE SHEET AS AT 31 MARCH 2025
RESTRICTED FUNDS
Alexander
James
TOTAL
FUNDS
Total Funds
Notes
Main Fund
MemoTial
Poors
Tfust Fun
Fund
2025
2024
FIXED ASSETS
Almshouse Quomp
Investments
TOTAL FIXED ASSETS
1.140.000
619.946
1,759,946
1.140,000
654,237
1,794.237
1,178,000
670.371
1,848,371
29.635
4.656
4.656
CURRENT ASSTS
Debtors and
prepayments
11.704
11.596
479
11.225
Bank Balances:
National Westminster
Bank
Current Account
ReseNe Account
COIF Deposit Fund
56,111
9.587
2.905
66.587
2.905
14,096
83.588
48.556
2.905
13,430
64.891
14.096
70.207
12.492
TOTAL CURRENT ASSETS
70,686
23,717
95,292
76.487
LIABILITIE5
Creditors < one year
Accruals
NET CURRENT ASSET
3,000
70,686
23,717
95,292
73,487
1.921,858
TOTAL ASSETS
1.830.632
53,352
1,889.529
Represented by
RESTICTED FUNDS
1,830,632
53,352
5,545 1.889,529
1.921,858
Page 111

RINGWOOD UNITED CHARITIES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
I ACCOUNTING POLICIES
(a) Basis of accounting
The financial statements have been prepared under the historical c05t convention.
The financial statements have been prepared in accordance with the Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRSI 021 {as applied to small entities by section l A of the
standard) and with the Charities Act 2011.
(b) Statement of financial artivities
Classifications within the accounts are chosen to reflect the particular circumstances of the Charity, as permitted
by the SORP for entities with gross income not exceeding £250,000.
All income and expenditure are recognised in the year to which it relates.
(c) Flxed assets
The Charity's freehold property is considered to be an investment asset and as such is required to be stated at
market value. The Trustees, policy is to obtain a professional valuation every five years, and meanwhile to make
their own best estimate of current market value, supported where appropriate by a published index of property
values.
Other investments are Stated at their market value as at the balance-sheet date.
Movements in the capital value of retained investments are included in the Statement of Financial Activities as
unrealised gains or losses.
(d) Restricted funds
The charity has a branch structure imposed on it by the 1959 Charity Commission Scheme, and most amounts
received have to be allocated to one or the other branch. A5 the branches have defined purposes within the
general objetts of the Charity all such amounts, and the value of assets acquired therewith, are classified as
restricted funds.
2 FREEHOLD PROPERTY
The freehold property was professionally valued at 21° March 2025 by Simon Hake BSC (Honsl MRICS an RICS
Registered Valuer. The property recorded a market value of £1,140,000 subject to the open market and vacant
possession. This method of valuation has been the reported value within the accounts in line with previous years.
The professional valuer also provided a value of £550,000 subject to existing licences and restriction. As stated in
the financial review, a revaluation will be carried out in early 2030.
3 RELATED-PARTY TRANSACTIONS
No grants were received from Ringwood Town Council, which is considered to be a related party as it has the
right to appoint six Trustees by virtue of the terms of the Chariws Constitution. As described in the Trustees,
Report, the Council supplied and funded the services of a warden. None of the other Trustees received any
remuneration or reimbursement for expenses incurred on the charivs behalf.
Page112

RINGWOOD UNITED CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
RESTRICTED FUNDS
Charitable Activities
Alexander
James
TOTAL
FUNDS
Total Funds
Main Fund
Memorial
Poor's
Trust Fund
Fund
2025
2024
41a) CHARAITABLE ACTIVITIES
Contribution To Maintenance
Grant Income
37.796
37,796
28,624
Miscellaneous
474
474
38,270
38.270
28,624
4{b) INVESTMENT INCOME
Charinco Common Investment Fund
20902.59 Income Units
BLK Charities UK Bond FundA
2,064
1.254
COIF Charities Investment
Fund
4129 Income Units- Clark
213 Income Units - Clark
3687 Income Units- Repairs
22 Income Units- Baldwin
17 Income Units - Burch
4 Income Units - Thaine
COIF Deposit Interest
Bank Interest
2.294
2,294
118
2.249
116
118
216
216
12
211
12
12
666
666
2,518
3,185
132
5.381
6,369
Page | 13

RINGWOOD UNITED CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Alexander
James
TOTAL
FUNDS
RESTRICTED FUNDS
Expenditure On
Total Funds
Main Fund
Memorial
Poorfs
TwstFund
Fund
2025
2024
5a CHARITABLE DISTRIBUTIONS
146
146
51b} COSTOFCHARITABLE
ACTIVITES
Upkeep ofAlmshouses
Repairs - Consultancy
Refurbish- CommunalAreas
Rooflchimney Project
Refurbish - Flat 8
Refurbish - Flat 9
Refurbish - Flat 10
Refurbish - Flat 11
Refurbish - Flat 12
Refurbish - Flat 13
Refurbish - FLat14
Council Tax
Electricity
Gas
612
612
9,972
1,200
5.973
2,055
1.200
5,973
2,055
38.470
31.617
491
924
431
431
546
91
199
199
900
1.398
1,511
2,374
877
1.511
2,374
877
Water
Telephone
Insurance
Garden
2,119
719
2,102
1,890
30
1.890
Printing
Miscellaneous
24
312
858
17,816
312
18,128
89.433
5{cl ADMINISTRATION
Clerk's Salary
Computers
Subscriptions
Miscellaneous
3.147
192
3.147
192
1,820
37
796
134
134
296
4,269
4,269
2.596
51dl PROFESSIONAL FEES
Accountancy
Property Revaluation
11.9001
138,0001
(39,9001
11,900}
138,0001
{39,900)
1,900
1.900
Page114

RINGWOOD UNITED CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
RESTRICTED FUNDS
Alexander
James
TOTAL
FUNDS
Total Funds
Main Fund
Memorial
Poor's
Trust Fun
Fund
2025
2024
6 INVESTMENTS
Alexander James Memorlal Trust Fund
BLK Charities UK Bond Fund A (income unlts)
01 April 2024
Unrealised gainlllossl for year
Valuatlon at 31 March 2025
30,461
{8161
29,635
30,914
14631
30,451
30.451
18161
Clarks Fund. C3049430-C03049428
COIF Charities Invesiment Fund (income units}
01 April 2024
Unrealised gainlllossl foT year
Valuatlon at 31 March 2025
84.366
13,9311
4,352
12031
4,149
88.718
14.1341
84,584
81,354
7.364
88.718
RepalrFunds- C03049427
COIF Charities Investment Fund (income unltsl
01 April 2024
Unrealised gainlllossl for year
Valuatlon at 31 March 2025
7,907
13681
7.539
7.907
13681
7.251
656
7,907
Baldwln Fund- C093049429
COIF Charities Investment Fun(J (income units)
01 April 2024
Unrealised gainlllossl for yeaT
Vaiuatlon at 31 Mar¢h 2025
450
1211
429
450
1211
412
38
450
Jane Burch Fund- C03049426
COIF Charities Invesiment Fund (income unltsl
01 April 2024
Unreali5ed gainlllossl foryear
Valuatlon at 31 March 2025
347
161
331
319
28
347
1161
331
347
Thalne Fund- C03049425
COIF Charities Investment Fund lincome units)
01 April 2024
Unrealised gainlllossl loryear
Valuatlon at 31 March 2025
82
141
78
82
141
78
75
82
Extraordlnary Repalr Fund- C03049424
COIF Charities Investment Fun(J (income units}
01 April 2024
Investment dufingthe year
Unrealised gainlllossl loryear
Valuatlon at 31 March 2025
483,566
542,416
542,416
110.7751
531.641
110.775)
531,641
58.850
542,416
Totsl atvaluatlon
619.946
29,635
654,237
670,371
Total Unreallsed galnllloss) toryear
{15,090}
18161
(228}
116.134}
66,480
Page115