The Essex Wynter Charity Charity Registration No. 1084786 Annual Report and Accounts For the year ended 31 March 2024
The Essex W nter Charit 2023-2024 Accounts 1. Legal and administrative information Namè of the Charity The full name of the charity is The Essex Wynter Charity. The charity is registered with the Charity Commissioners of England and Wales and it5 regislration number is 1084786. Corporate trustee: The Essex Wynter Trustee Company (Company no. 12215350) The directors who held office during the year were: Chairman Trustee Trustee Co-opted Trustee Co-opted Trustee Robert Astor Philip Brading Vanessa Sweeney (appointed 01 October 2023) Prof Melanie Davies Angela Wedgwood Officers of the charity during the period were: Secretary Treasurer Zung To Tim Redding Prlnclpal offlce The principal office of the charity is 5th Floor East, 250 Euston Road, London NW1 2PG. Advlsors Bankers Coutts & Co 440 The Strand London WC2R OQS Solicitors Withers LLP 20 Old Bailey London EC4M 7AN Investment advisors M&G Securities Limited PO Box 9038 Chelmsford Essex CM99 2XF Investment property advisors Lovejoy Stevens Berkshire Ltd 63 Cheap Street Newbury Berkshire RG14 5DH Auditors Blue Spire Limited Cawley Priory South Pallant Chichester P019 1SY
The Essex W nter Charit 2023-2024 Accounts 2. Structure, governance and management structure of the charlty The Essex Vtynter Charity is governed by a Charity Commission scheme dated 10 November 2016, as amended on 28 February 2020. The Scheme also covers The Bentinck Charity. On 28 February 2020 the Charity Commission agreed that The Essex Wynter Trustee Company (a company, registered number.. 12215350) is the trustee of Ihe charity. Rècrultment, appolntment and tralnlng of trustees The Essex Wynter Charity is governed by the Essex Wynter Trustee Company. There are three Directors known as nominated trustees and two Directors known as co-opted trustees who are responsible for setting the strategic direction of the organisation and for establishin9 policy. Nominated Iruslees are appointed by the University College London Hospilals Charity (registered no. 1165398). C¢>OPted trustees are appointed by the trustee board. Newly appointed truslees are provided with information packs including copies of the constitution of the charity, the previous year's annual reports and accounls, and the standing orders and standing financial instructions. In addition, new trustees meet the Chairman and officers of the charity to discuss the organisation's aims, objectives and direction. Trustees are kepl up to date regularly with changes relating lo charity legislation. Conferences organised by legal, financial and investment professionals are available for trustees to attend. The trustees delegate the day-to-day administration of the charity to the Secretary and Treasurer. Rlsk management pollcy The trustees actively review the major risks which the charity faces on a regular basis and believe that the maintenance of reserves as referred lo below, combined with the annual review of the controls over key financial systems Carried oul through an audit programme, will provide sufficient resources in the event of adverse conditions. 3. ObJectlves and a¢tlvltle8 The principal objects of the Gharily as sel out in its s¢heme are the relief of need by the provision of grants, scholarships or housing accommodation for the benefit of current and past employees of The Middlesex Hospital and University College London Hospitals who are in need of financial assistance. In Carrying out these objects, the trustees have had regard to the Charity Commission's guidance on public benefil. At 31 March 2024 the charity owned 26 properties located in Newbury, Berkshire. Four of these properties are classified as tangible fixed assets and are occupied by berseficiaries of the charity, while the remainder are r)ow classified as investments and are being refurbished and let to private tenants, with 16 let al the year end. The trustees, view is that, whilst the charity delivers benefit to a section of the public ralher than the public as whole, Ihe Glass of potential beneficiaries, being current and past employees of The Middlesex Hospital and University College London Hospitals, is sufficiently broad. Whilst residents make contributions towards the costs of their a¢¢ommodation, these are set at a low level which is substantially less Ihan the market rent for the relevant property and does not constitute an unreasonable restriction on access to the benefits provided by the charity. 4. Achievements and performance During the year Ihe programme of maintaining and refurbishing empty cottages lo a lettable stale was completed. Various repairs and maintenance works were carried out in order to keep the estate to a good standard. At the year end 16 were let to private tenanls which enhanced the charity's total income for Ihe year.
The Essex W nter Charit 2023-2024 Accounts 5. Financial revièw The charity received contributions towards the cost of maintaining the estate of£23,387 (2022-2023.. £24,916) from the residents and £294,644 (2022-2023.. £225.130) in investment income for the period. Propèrty management costs and support for residents amounted to £181,67212022-23'. £194,930). One additional gfant for nurses was approved during the year for £10,000 {2022-23.. £14,000). The total amount spent on charitable activities was £193,983 (2022-23.. £211,221). From 2021-22, the trustees began a programme of refurbishing the emply properties on the estate with a view to letting them to private tenants. £43,018 {2022-23.' £160,243) was spent on these works this year. The charity is continuing to prepare a planning application to develop the Newbury estate, which incurred costs of £23k during the year {2022-23'. £58kl. No investments were sold during the year in order to raise cash for planning costs and property refurbishment {2022-23 £250k>. Rèsarves pollcy The trustees consider that the charity requires reserves (being unrestricled funds readily available for use) in order to meet its ongoing commitments in respect of its current residents and the maintenance of Ihe estate. In formulating their policy on the desired level of feserves. however, the trustees have taken inlo account the likely level of income generated on the endowment fund and their ability, if need be, to expend part of the endowment in furtherance of the charity's objects. The trustees therefore consider that the free reserves of the charity should be maintained at a relalively low level in order to safeguard the delivery of the charity's objects and cope with unanticipated maintenance expenditure. As at 31 March 2024 the level of free reserves was £628,268 which the trustees consider to be adequate for these purposes. This policy is reviewed on an annual basis. Invèstm8nt pollcy The trustees hold units in Common Investment Funds, which fulfil key requirements, in line with Ihe reserves policy outlined above.. provision of a regular income to supplement the residents, contributions and protection for the capital value of the charity's endowments. Fund performance is reviewed regularly and changes to the investments made when necessary. The overall policy is also reviewed on a regular basis. 6. Plans for future periods The Charity Commission Scheme of 10 November 2016 fully regulates the charity and broadens its objects. This ensures that the charity remains able to deliver charitable benefits over Ihe longer term. The charity intends to conlinue to provide grants to individuals in need among the beneficiary class as well as through the provision of housing. 7. Statoment of Trusteg$' re$ponslbllltl88 The truslees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Irustees to prepare financial statements for each financial year which give a true and fair view of Ihe state of affairs of the charity and of the incoming resources and applicalion of resources of the charity for that period. In preparing these financial stalements, the trustees are required to.. select suitable accounting policies and then apply them Consistently,. observe the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable and prudent., slate whether applicable accounting standards have been followed, subjecl to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply wilh the Charities Act 2011, the Charily (Accounts and Reports) Regulations 2008 and the provisions of the scheme. They
The Essex W nter Chari 2023-2024 Accounts are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of ffaud and other irregularities. Approved by the Trustees on and signed on its behalf: (7LkAtr Mr Robert Astor, Chairman On behalf of The Essex Wynter Trustee Company
The Essex W nter Charit 2023-2024 Accounts Ind8p8ndent Auditovs Report to the Trusteès of The Essex Wynter Charlty Oplnlon We have audited the financial statements of The Essex Wynter Charity (the 'charity'l for the year ended 31 Mar¢h 2024 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements. including significanl accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Slandard applicable in the UK and Republic of lTrland (United Kingdom Generally Accepted Accounting Practice). In our opinion the finan¢ial statements.. give a true and fair view of the state of the charity's affairs as at 31 March 2024, and of its incoming resources and application of resour¢es, for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charities Act 2011. Basls for oplnlon We conducled our audit in accordance with International Standards on Auditing (UK) IISAS (UK)) and applicable law. Qur responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the ¢harity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating lo going concern In auditing the financial statements, we have concluded that the Irustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubl on the charity's ability to continue as a going concern for a period of at least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. other Infomiatlon The other informalion comprises the information included in the Irustees, report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so. consider whether the other information is materially inconsistent with the financial slatements or our knoedge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstalements, we are required to determine whether there is a material misslatement in Ihe financial statements or a material misstatement oflhe other information. If, based on Ihe workwe have performed, we conclude thatthere is a material mi5Statement of this other information, we are required lo report that fact. We have nothing to report in this regard. Matters on which we are requlred to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion.. the information given in the financial statements is inconsistent in any material respecl with the trustees, report- or sufficient accounling records have not been kept. or the financial statements are not in agreement with the accounting records., or we have not received all the information and explanations we require for our audit.
The Essex W nter Charit 2023-2024 Accounts Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities, the trustees are responsible for the preparation of financial statements which give a true and fair view. and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to Cease operations, or have no realistic alternative but to do $0. Auditor's responsibllities for the audlt of the flnanclal statom8nts We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our objectives are to obtain reasonable assurance aboutwhelher the financial statements as a whole are free from material misstatement, whelher due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstalement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our pro¢edur8s are capable of detecting irregularities, including fraud is detailed below. Based on our understanding of the Charity and the industry in which il operates, we identified the principal laws and regulalions that directly affect the financial statements lo be the Charities Act, and Trustee Act. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. In addition, the Charity is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for inslance through the imposition of fines or litigation. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence if any. Audit procedures performed by the engagement team included.. Enquiry of those charged with governance around actual and potential liligalion and claims and any instances of non-compliance with laws and regulations., Reviewing minutes of meelings of those Charged with governance., Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulalions. Because of the inherenl limitations of an audit, there is a risk that we will nol detect all irregularities, includlng Ihose leading to a material misstatement in the financial 5talements or non-compliance with regulation. This risk increases the more that Compliance with a law or regulation is removed from Ihe events and transactions reflected in the financial statemenls, as we will be less likely lo become aware of instances of non-compliance. The risk is also grealer regarding irregularilies oGGurring due to fraud rather than error, as fraud involves intentional concealment, forgery. collusion, omission or misrepresentation A further description of our responsibilities is available on the Financial Reporting Council's website at.. htt s'.Ilwww.frc.or .uklOur-WorklAudiVAudil-and-assurancelSlandards-and- uidancelStandards-and- uidance- for-audilorslAudilors-res onsibilitie5-for-audiUDescri tion-of-auditors-res onsibilities-for-audit.as This description forms part of our auditor's report.
The Essex W nter Charit 2023-2024 Accounts Usè of our report This report is made solely to the charity's trustees, as a body, in a¢¢ordan¢e with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our auditwork has been undertaken so thatwe might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work. for this report. or for the opinions we have formed. Cawley Priory South Pallant Chichester West Sussex P019 1SY SA,- A 't¢4 Blue Spire Limited, Statutory Auditor Date 12 December 2024 Blue Spire Limited is eligible to act as an auditor in terms of section 1272 of the Companies Act 2006.
The Essex Wynter Charity 2023-24 Accounts 8. Statement of Financlal Activitles for the year ended 31 March 2024 2023-24 Endowment lunds 2022-23 Total fvnds Note Ullreslricted general lunds Total funds Incom¢ ond endowm?nts from: Investments 294,644 23.387 318,031 294,644 23,387 318,031 225.130 24.916 250.Od6 Ch8rit8bl8 actlvlll6s Total Exp¢ndltur• on: Cost ol managlng. malntalnlng and ropaiflng inve31menl prop•rtl8$ Charitablg ac14vllles Tot•1 143,0181 143.0181 1160.2431 193,983 193,983 193,983 237.001 211,221 371,464 43,018 Net galnslllossesl on Investments 9,924 6,937 16.861 1148,2721 N•t Incom•ll•xp•ndltur•) 133,972 136,081) 97.891 1269,6901 Oth•r r•cognlud galnsl{IoB•••) Gainslllossesl on revaluation ol fixed assets 55.000 55.000 80.000 Not movomont In funds 133,972 18,919 152,891 1189,6901 Fund balances brought fonvard al 1 April 2023 10 494,296 10.045,496 10,539,792 10.729,482 Fund balanc•• carrlod fopmard at 31 March 2024 10 628,268 10,064,415 10.692,683 10,539,792
The Essex Wynter Charlty 2023-24 Accounts 9. Balance sheet as at 31 March 2024 2023-24 Unrestricted Endowmenl general lunds furKIs 2022-23 Total funds Note Total funds Flxed assets Tanglble fixed assets Investments 915.000 9,169.955 10.084.955 915.000 9.713,084 10 628 084 1.205.000 9.328,628 10.S33,628 543.129 543,129 Total flxed a8S•ts Current assats Dèbtors CAsh at bank and In hand Total curront 49#ots 50,351 166,800 217,151 50,351 60.398 102,331 162,729 20,540 20,540 196611 Cl}110rs.' amount$ falllng due vlthln one year 1132,0121 (132,012) {1S6,5651 Net current assot¥ 85,139 20,540 6,164 Nèt a•wt• 628,288 10,004.415 10,692,883 10.539,792 Fund8 of the charlty Capltsl funds.. Endowment furKIs 10 10,064,41S 10.064.415 10.045.498 Income funds.. Unfeslrlcled general fvrKI 10 628,268 628,288 494.296 Total lund• 628,268 10,064,415 10,692,683 10,539.792 Th8 notes numbered 110 13 fom part of the$¢ acts)unls. Approved by the B08rd of Trustees on ILP Lc>L ar slgneil on 11$ behalf by.. Truslee.................. r , oknifrfu 4
The Essex Wynter Charity 2023-24 Accounts 10. Notes to the Financial Statements Accountlng pollclgs 1.1 Accountlng convgntlon The Essex Wynter Chaiity 1$ an unInrporated charity reglslered In England governed by a constllullon. The addiess of the principal office is 5th Floor East, 250 Euslon Road, London NW12PG and the charity's operations and principal aclivilies are sel out in the Iruslees, ieport. The chartty conslitLtrles a public benefit entity as defined by FRS 102. The financial slalements have been Pfepared In aCrdanCe vAlh Accounting and Rgporting by Charilles.. Slalemenl of Rgcommended Piaclice applicable lo charities preparing Iheir accoun15 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Slandard applicable in the United lfjngdom and Republlc of Ireland {FRS 1021, the Charities Act 2011. and UK Generally Accepted Accounung Practlc8. The finandal statements are prepared on a golng eljncern basis undef the historical cost convention. modified lo Include certain Items al lalr value. The financial slalemenls are presented In sterfSng whSch is Ihe fvndonal curyency of the charlty and rounded lo the nearest £. 1.2 Stat•m•nt of cash flow• The charity does not Include a cash flow statement on the grounds il is applylng FRS 102 Secuon 1A 1.3 Incom• r•¢ognltlon All Incomlng resources are Induded In the Slalement of Flnanclal Acllvllles ISOFAI when the eharfty Is legally enllved lo th8 income after any performance conditions have b88n mel, the amount can be measured reliably and il is probable that the Income 11 be received. Inveslmenl Income Is eamed through holding assets for Inveslmonl PLtrposes such as shares.11 Includes dlvldends and Interest. Where11 is nol praclicablo to identify inveslmenl management costs Incurred thIn a scheme wlh reason8ble accuracy the Inv8slm8nl Income Is reported nel of these cL)sl8.11 Is Snctuded when the amount can be measured reliably. Interest income is recognis8d using the 8ffeclive intere51 method and dbvldend and rent incomg Is recognised as Ihe charity's righl lo receive paymenl 1$ established. 1.4 R•cognlllon of oxp•ndlture All expendllure 1$ accounted for on an accruals basls and has been cla$$lfled under headings that aggregate all costs relatod to the ¢alegory. Expgndlluro Is recognlsed where there Is a legal or conslrucllve obllgallon lo make paymenls lo Ihlrd parties,11 is piobabl8 Ihal the seWem8nl wll be required and the amount of the obligation can be measured reliably. 1118 calegori5ed under expenditure on charitable activities and includes upkeep of the charity's properties and the cost of administering the actlvily of the charfty. Support costs are those that assist the work of the charity bLtI do not directly represent charitable acUvltle$ and Indude office costs. and governance costs. They are Incurred directly In support of expendSlure on the objects of Ihe charfly. Support costs are allocated to expendllure on charltable acllvilies as this Is the sole aciivlty of the chality. 1.5 VAT The charity Is not regislorgd for VAT and Is unable lo recover VAT Incurred. On Ihls basls costs are iecorded Inclusive of VAT within the SOFA.
The Essex Wynter Charity 2023-24 Accounts 10. Notes to the Flnanclal Statements (continued) 1.6 Tangible fixed asset8 al Capitalisalion Tanglble fixed assets which are capable of being used for more than one year and have a cost equal lo or gr8aler than £5,000 are capitalised. bl Valuation Land, buildings, InstsllalSons and fittin9s are slated al open market value for IheSr exlsting vse. Valuations are carried out professionally at 5 year intervals. The last such valuation was made on 31 March 2018 by Marshalls. Chartered Surveyors. Beveen valuations the Trustees perform a desktop revaluation based on the professional opSnion of their estsles advSsof. a chartered surveyor. cl Depreciation Flxed asstrts held for vse by Ihe charity are not depreciated b8eaLIS8 the deprocSalSon Charge and the accumulated depreciation charge are not material as the assets have a very long useful Ilfe. 1.7 Flxgd 4s8gt Inv•8lm•nt# Inveslmenls are recognlsed initially at falr valufj which is normally the transaction pilce 8xcluding Iransaclion costs. Subsequentty, they are measured al fair value with changes recognised in 'nel gains I Ilosseg) on inveslmenl8' in Ihe SOFA where Investments are publicly traded or Ihelr fair value c8n olherwlse be measured relSably. Quolgd Stocks and sha$ are Includ8d In the balance sho91 al mld-markel prlce, 8x41v. 1.8 Debtor• r•¢•lvablo and cr•dStors payabl• wlthln ono year Debtors and credIto wllh no slated interest rate and recelvable or payable w41hln one year are recorded al transaction price. Any Iossgs arislng from Impalmwnl ar8 recognlsed Sn expendiluro. 1.9 Taxallon Tho charfty is consldered lo pass Ihe lesls sel out In secllons 521 to 536 Income Tax Act 2007 IITA 20071. as such no Income lax is payable on the charity's adlvilies. 1.10 Fund8 slructur• The permanent endowmenl lund consists ol any land and proceeds of the sale of land fomiedy belonging lo the Dr Waller Essex Wynter (Deed) Charity, and any18nd and proceeds ol the sale of land formerly belonging lo the Dr Waller Essex Wynler (Will) Charity, except for the land purchased oul of the 'lrusl fund" (see belowl, and the inveslmenls represenllng the £10,000 beque81 given lo The Middlesex Hospital by Alma Martha Benlinck li.e. Ihe fomier 8enlinck Charilyl. The expendable endowment fund consists ol land purchased by the trustees out of the 'lrusl fund" referred lo in Ihe will of Dr Walter Essex Wynler and the proceeds of th8 sale of such land. General funds are unrestricted funds which are available for use al the discretion ol the Trustees In ftjrtherance of the general objectsves of the charity and whlch have not been designated for other purposes. 1.11 Related party transactlon$ During the y88r none of the Trustees or members of the key management staff or parties related lo them has undertaken any material transactions wth the Essex Wynter Charily. 1.12 Golng conc•rn The financial statements have been prepared on a going concem basis as the Iruslees believe that no material unrtaInlieS exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from aulhorising Ihese financial slalemenls. The budgeted income and expenditure is sufficient with tho level of reserves for the charity lo be able to continue as a going concern.
The Essex Wynter Charity 2023-24 Accounts 10. Notes to the Flnancial Statèments Icontlnuedl 2. In¥e$tment Incom• 2023-24 Endowmeftt funds Unrestricted general funds Total funds Investments In a Common Dopo&I Fund or Common Inve51rnent Fund (held tn UK) Rental Iwme Bank dep051t Inlgr85t 135.147 157.732 1.765 135,147 157.732 1,765 294,644 294.644 2022-23 Endowment funds Unreslrlcted general lunds Total funds Investments In a Cornrnon Depjslt Fynd or Common In¥tment Fund Iheld ¥thIn UK Rental Income 88nk deposlt Interest 131.272 93.856 202 131.272 93,656 202 225,130 225.130 Income Irom ch•rftsbl• a¢tlvltle• 2023-24 Unrestrkled 9enwal lund$ End0ent funds Total fund* Rental Income. benefic19•$ 23,387 23,307 23,387 23,387 2022-23 Endonent luntss UnrestNcled ggneral funds lunds Rgnlal Incorn¢- bgngfi¢larf•s 24,918 24.916 24,916 4. An8ly$l• of chgrl¢•bl? •xp•ndltur• Support costs 2023.24 Total fund• 2022-23 Total funds tmdertaken dlreclly Repalfs and malnlenance Ulillty charges Resldenls support Grants to support nurses al UCLH NHS FOUndaOn Trusl 114,673 29.639 3,258 10,000 28,501 6.848 753 2.311 141,174 36,487 4.011 12,311 14S,010 49,920 18,291 157,570 36,413 193,98J 211,221 Unfestrted funds Endovm)enl funds 193,983 211.221 193,983 211,221
The Essex Wynler Charity 2023.24 Accounts 10. Notes to the Financial Statements (contlnued) Allocatlon of 5UPPOrt ¢o$ts Repairs and maintenance ulIty char9es Residents, support Grants for nurses Total ¢o$ts Expendllure typ8 Basis ol all¢xatSon Honorarla Indemnty insurance Audit fee5 Accounlancy Adrnin expendlture Travel expenses Sundry expenditure Lottlng agency lees Bank charges Allocated by person Proportlonal to dlrect expendilure Proportional to dlre¢t expenditure ProportSonal lo dlrect expendibjre Proportional lo dir8Ct expenditure Allocated by purpose of travel Proportlonal lo direct expenditure Proportional lo direct expendllure Proportlonal to dlre¢l expendllur& 1,614 1,572 6,986 140 247 342 15,084 516 417 46 141 137 809 12 22 2,218 2.160 9.599 192 340 470 20.725 709 198 64 88 3,898 133 10 428 15 1.315 2e.501 6,848 753 2,311 36,413 Tanglble Ilxed aimts 202>24 prorty Valuallon ai 31 March 2023 Addlllons Transler to Invèsiment property Revaluaiions Dlsposal al Market Valu Valuation at 31 Marth 2024 1.205.tX)D 1300.000 10,000 915.000 N•t book vAlu• at 31 m)h 2024 915000 Ne¢ book valu• al 31 March 2023 1.205.000 Hl$lorlc ¢o¥l al 31 March 2024 922.805 No d•preclaUon Is charged, as d•tall•d In the accounllng poll¢1. The rgvalu8tton was Applled at 31 March 2024 and has been Fyovkled by Loveloy Stev•n$, estate agents based In Newbury. 7. Flxed assot Inv•stm•nt• 2023-24 Investment prop8rty 2022-23 Listed Investmenls Totsl Mov•m•nts In the yebr Mafkel value at 31 March 2023 Add.. Transfer from tanqlble flxed as8•ts Add.. Acoulslllons al cost Less.. Disposals al proceed v8lu¢ Nel galnslllossesl on Investmenl arket valuo al 31 March 2023 3,640,24S 5,953.412 300,000 22,596 9,593.657 300.000 22.596 9,593,657 58,244 1250.OODI 73,273 9.328.628 10.861 3,657.106 45,000 6.321.008 9.978,114 Nlslorlc c05t 2,326.9 705.999 3 032.900 2,996,555 Unreslrlcted Endowrnenl 543,129 2 715.704 3,258,833 543.11• 9 169,955 9 713 Oa4 533.205 8,795.423 9.328,628 6.454,251 6,454,251 All Invostments are held In a Common Deposlt Fvnd or Common Inves1rn8nl F, thIn the UK. 202>24 2022-23 8. Debtors Prepayments and accrued inwme 60,398
The Essex Wynter Charity 2023-24 Accounts 10. Notgs to thg Financial Stat8rnonts Icontinuodl 2023.24 2022-23 9. CrltorS.. amounts lalllng du• wlthln on• y•ar Trade credltor5 Granis payable Accluals and olher ¢dItorS Deferred income 9,232 114.010 2.620 6,150 132.012 11.053 116.182 S,320 24.010 156.565 2023-24 Brought fofvrnrd Carrfed fopAtard Released Deferred lknferred Income 24.010 124.0101 6,150 6,150 24 010 24.010 6.1$) t)8ferrgd In¢gme repre¥enl$ rgnt31 Income rg¢elvgd In adva. 10. Analyolo of funds Balance at 31 Mar¢h 2023 Balance at 31 Mar¢h 2024 Incomlng rgsources Resources expended Galns and los5 Permanenl end¢i%wnent funol$ Expendable end0Ment funds Unreslrlcie(5 general lunds 9,895.496 350.000 494,296 10 539,792 143,0181 61,937 9,714.415 350,000 828.268 10,692.68J 318.031 318,031 193.983 237.001 9,924 71,861 11. Truste•J' eMpenso8 and other relBt•d party tranJaclons One trus ceIved travel expen3e¥ of £340 during the year12023.. £3281. There re n) rdat•d party transocllons requlrfng dlsclo$ure In the wr under r•vlew. 12. Audltor'• r•muneratlon Support costs Include an 8mount 01 £2.180 payabl8 to the audltors12023.' £2,160) lor audit.
The Essex Wynter Charlty 2023-24 Accounts 10. Notes to the Flnanclal Ststomgnts {Gontinuod) 13. Flnan¢lal Instrument8 The carrong amounts of ¢harlWs fina181 Instruments are as foll¢M'. 2024 2023 Flnanual ass•ts Kleasur8d at fair value Ihrough Mt in¢omellexpendSlurel'. Tawible fixed assets Fed asset Investments 915,000 9,713.084 10.628.084 1,205,000 9,328.e28 10,533.628 Flnanclal Ilablllle$ Mea$ured at amortlsed ¢ost.' Trad• crqdllors 9,232 9,232 11,053 11.053 The 5n¢ome, expense. galns and net105se5 allrfbulabl• the charltvs financlal Instruments are surnmadsed os follow5.. 2024 2023 Irtsyne and expense Flnancial assels measured 81 falr value throh n81 IrKom•ll8xpondllurel Rental Inwme Invèsimont lrtom• 23,387 135,147 158,534 24,916 131.272 156.188 2024 2023 Nel galns And loss•s Ilncludln9 changes In fall value) Flnarrtial 8sset5 rneasured Èi fair valu• Ihrough nel Incomellexpendlturel Nei gainslllossesl on Inve$lmenl¥ Galnsll105ses1 on Ilxed ass815 18.861 55.000 1148.2721 80.000 68.272 Fixed asset investments are held al falr value valuatbns obialn•d by rel•rn¢Ke to market prlces from the approprfate sto¢k eXcnge, tAd prte•8 and last traded prtces where appli¢8bl?.