The Essex Wynter Charity Charity Registration No. 1084786 Annual Report and Accounts For the year ended 31 March 2025
The Essex W nter Charit 2024-2025 Accounts 1. Legal and administrative information Name of the Charity The full name of the charity is The Essex Wynler Charity. The Charity is registered with the Charity Commissioners of England and Wales and its registration 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 Trustee Trustee Robert Astor (Retired 1 Oth December 2024) Philip Brading {Chair from 11th December 2024) Vanessa Sweeney Prof Melanie Davies Angela Wedgwood (Retired 171h November 2025) Officers of the charity during the period were.. Secretary Treasurer Zung To Tim Redding Prlnclpal offl¢e The principal office of the charity is 5th Floor East, 250 Euston Road, London NW12PG. Advlsors Banker Coutts & Co 440 The Strand London WC2R OQS Solicitor Withers LLP 20 Old Bailey London EC4M 7AN Investment advisor M&G Securities Limited PO Box 9038 Chelmsford Essex CM99 2XF Investment property advisor Lovejoy Stevens Berkshire Ltd 63 Cheap Street Newbury Berkshire RG14 5DH Auditor Blue Spire Limited Cawley Priory Soulh Pallant Chichester P019 1SY
The Essex W nter Charit 2024-2025 Accounts 2. Structure, governance and management Structure of the charity The Essex Wynter 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 Charily Commission agreed that The Essex Wynter Trustee Company (a company, registered number: 12215350) is the trustee of the charity. Recrultment, appointment and training of trustees The Essex Wynler Charity is governed by the Essex Wynter Trustee Company. There are three independent, non-UCLH NHS FT Directors from which the Chair will be elected and Iwo UCLH NHS FT-linked Directors. Directors are responsible for setting the strategic direction of the organisation and for establishing policy. All directors {also known as trustees) are appointed by the trustees of University College London Hospitals Charity (registered no. 1165398). Newly appointed trustees are provided with information packs including copies of the constitution of the charity, the previous year's annual reports and account. In addition, new trustees meet the Chairman and officers of the charity lo discuss the organisation's aims, objectives and direction. Trustees are kept up to dale regularly with changes relating to 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. Risk managoment 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 to below, combined with the annual review of the controls over key financial systems carried out through an audit programme, will provide sufficient resources in the event of adverse conditions. 3. Objectlves and actlvltles The principal objects of the charity as sel out in ils scheme 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 benefit. Al 31 March 2025 the charity owned 26 properties located in Newbury, Berkshire. Four of these properties are classified as tangible fixed assets and are occupied by beneficiaries of the charity. The majority are classified as investments and let to private tenants, with 16 let at the year end. Since the year end, the 6 unlet properties have been sold. The Irustees, view is that, whilst the charity delivers benefit to a section of the public rather than the public as a whole, Ihe class 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 accommodation, these are set at a low level which is substantially less than 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, various repairs and mainlenance works were carried out in order to keep the estate to a good standard. At the year end 16 were let to privale tenanls which enhanced the charity's total income for the year.
The Essex W nter Charit 2024-2025 Accounts 5. Financial review The charity received contributions towards the cost of maintaining the eslate of £22,904 (2023-2024.. £23,387) from the residents and £309,285 (2023-2024.. £294,644) in investment income for the period. Property management costs and support for residents amounted to £166,161 (2023-24.. £181,672). Three additional grants for nurses were approved during the year for £80,000 {2023-24'. £10,000). The total amount spent on charitable activities was £259,694 (2023-24.. £193,983). The charity is preparing to sell part of Ihe Newbury estate. which incurred costs of £1 Ok during the year (2023-24: £23k). This sale completed in May 2025. Reserves pollcy The trustees consider that the charity requires reserves (being unrestricted funds readily available for use) in order to meet its ongoing commitments in respect of its current residents and the maintenance of the estate. In formulaling their policy on the desired level of reserves, however, the truslees have taken into 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 relatively low level in order to safeguard the delivery of the charity's objects and cope with unanticipated maintenance expenditure. As at 31 March 2025 the level of free reserves was £730,722 which the trustees consider to be adequate for these purposes. This policy is reviewed on an annual basis. Investment pollcy The trustees hold units in common investment funds, together with a portfolio of investment properties. This fulfils two key requirements in line with the reserves policy outlined above: provision of a regular income to meet the objectives of the charity 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 perlods The Charity Commission Scheme of 10 November 2016 (as amended on 28 February 20201 fully regulates the charity and broadens its objects. This ensures that the charity is able to deliver charitable benefits over the longer term. The charity intends lo continue lo provide support lo the beneficiaries and so the trustees have made a strategic decision to concentrate that support towards the nursing and midwifery staff at University College London Hospitals and in particular their education and training needs. 7. Statement of Trustees, responslbilitles The trustees are responsible for preparing the Trustees, Annual Report and the financial slatements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable lo charities in England & Wales requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resource5 and application of resources of the charily for that period. In preparing Ihese financial statements, the trustees are required to.. select suilable accounting policies and then apply them consistently., observe the melhods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any malerial 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 Ihat disclose wilh reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with Ihe Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the scheme. 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.
The Essex W nter Charit 2024-2025 Accounts Approved by the Trustees on 13th January 2026 and signed on its behalf: Philip Brading, Chair m On behalf of The Essex ynter Trustee Company
The Essex W nter Charit 2024-2025 Accounts Independent Auditor's Report to the Trustees of The Essex Wynter Charity Opinion We have audited the financial statements of The Essex Wynter Charity (the 'charity'l for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheetand notes to the financial slatemenls, including significant 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 appliGable in Ihe UK and Republic of Ireland (Uniled Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the slate of the charily's affairs as at 31 March 2025. and of its incoming resources and application of resources, for Ihe 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 opinion We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our 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 charity 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 lo provide a basis for our opinion. Conclusions relatSng to go5ng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern 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 thal, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the truslees wilh respect to going concern are described in the relevant seclions of this report. Other Information The other information comprises the information included in the trustees, report, other than the financial statements and our auditor's report Ihereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly slated 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 statements or our knowledge obtained in the audit or otherwise appears to be materially misslated. If we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether there is a malerial misstalement in the financial statements or a material misslalemenl oflhe other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other informalion, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required 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 lo report lo you if, in our opinion-. the information given in the financial statements is inconsistent in any material respect with the trustees, report., or sufficient accounting 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 2024-2025 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 lo cease operations, or have no realistic alternative but to do so. Auditor's responslbllltles for the audlt of the flnancial statements 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 lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether 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 misstatement when it exisls. Misstalemenls 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 lo which our procedures are capable of detecting irregularities. including fraud is detailed below. Based on our understanding of the Charity and the industry in which it operates, we identified the principal laws and regulations that directly affect the financial statements to be the Charities Act, and Trustee Act. We assessed the extent of compliance with these laws and regulations as parl 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 instance through the imposition of fines or litigation. Auditing standards limit the required audil procedures lo 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 litigation and claims and any instances of non-compliance with laws and regulations., Reviewing minutes of meetings of those charged with governance., Reviewing financial statement disclosures and testing to supporting documenlation to assess compliance with applicable laws and regulations. Because of the inherent limitations of an audit, there is a risk that we will not delecl all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring 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.. hlt s'.Ilwww.frc.or .uklOur-WorklAudiUAudit-and-assurancelStandards-and- uidancelStandards-and- uidance- for-audilorslAuditors-res onsibililies-for-auditlDescri lion-of-audilors-res onsibilities-for-audil.as This description forms part of our auditor's report.
The Essex W nter Charit 2024-2025 Accounts Use of our report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we 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 Wesl Sussex P019 1SY Blue Spire Limited, Statutory Auditor Date 27 January 2026 Blue Spire Limited is eligible to act as an auditor in terms of section 1212 of Ihe Companies Act 2006.
The Essex Wynter Charity 2024-25 Accounts 8. Statement of Flnancial Activities for the year ended 31 March 2025 2024-25 Endowment funds 2023-24 Total funds Note Unreslricled general funds Total funds Income and endowmonts from.. Inveslmenls 309,285 22,904 332,189 309,285 22.904 332.189 294,644 23.387 318,031 Charitable aclivllles Total Expendlture on: Cost of managing. malnlaining and repairing Inveslmenl properties Charitable activities Total 121,3031 121,3031 (43,0181 259,694 259,694 259,694 280,997 193,983 237.001 21,303 Net gainslllossesl on Inveslm8nls 29,9S9 1260,1771 1230,2181 71,861 Net In¢omo1{oxp8ndlturo1 102,454 1281,4801 1179,026) 152,891 Other rgcognlsod galnslllossosl Gainslllossesl on revaluation of fixed assets Nèt movement In funds 102,454 1281.4801 1179,0261 152,891 Fund balances brought forward al 1 Aprll 2024 628,268 10,064.415 10,692,683 10,539,792 Fund balances carrled forward at 31 March 2025 11 730,722 9,782,935 10,513.657 10,692,683
The Essex Wynter Charity 2024-25 Accounts 9. Balance sheet as at 31 March 2025 2024-25 Endowment funds 2023-24 Total funds Note Unrestricted general funds Total funds Flxed assets Tangible fixed assets Investments 915,000 6,871,117 7.786.117 915,000 7,444,205 8,359.205 915,000 9.713,084 10.628,084 573,088 573.088 Total flxod a$set$ Current assets Stock 2,048.332 2,048,332 55,603 247.560 2,351,495 Debtors Cash al bank and in hand 55,603 299,074 354,677 50,351 146.260 196.611 51,514 1,996,818 Total current assets Creditors.. amounts falling due within one year 10 {197,042) (197,0421 (132,0121 Net current assets 157,635 1,996,818 2,154,453 64,599 Net assets 730,722 9,782,935 10,513,657 10,692,683 Funds of tho charlty Capital funds.. Endowment funds 9,782,935 9,782,935 10.064,415 Income funds.. Unrestricted general fund 730.722 730.722 628,268 Total funds 730.722 9,782.935 10,513,657 10,692,683 The notes numbered 110 14 form part of these accounts. Approved by the Board of Tnjstees on 13th January 2026 and signed on its behalf by.. Trustee.......... Mr Philip Brading, Chairman
The Essex Wynter Charity 202425 Accounts 10. Notes to the Financial Statements Accountlng pollcles 1.1 Accounting conventlon The Essex Wynler Chaiity is an unincorporated charity registered in England governed by a constitution. The address of the principal office is 5th Floor East. 250 Euslon Road, London NW12PG and Ihe charitys operabons and principal activibes are set out in the Iruslees, ieport. The charity conslilules a public benefit entity as defined by FRS 102. The financlal stslernenls have been prepared in accordance with Accounlng and Reporting by ChariU8s'. Stalemenl of Rewmmended Praclice applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Flnancial Reporting Standard appllcable in the United Kingdom and Republic of Irelan¢J IFRS 1021. the Charities Acl 2011, and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical cost convention, modified lo include certain items al lair value. The financial slalemenls are presented in sledlng whlch Is the functional currency of Ihe charlty and rounded lo the nearest £. 1.2 Statement of cash flow# The charity does not include a cash flow statement on Ihe grounds11 Is appIn9 FRS 102 Secbon 1A 1.3 Income rocognbtlon AJI Incoming resources are included in the Sialemenl ol Financial Aclsvities ISOFAI when the charity is legally entilled lo the income aller any performance condllions havo been mel, the amount can be measured rellably and il is probabl8 that the ncome will be received. Investment Income Is earned through holdlng assets lor Investment purposes such as shares.11 Ineludes dlvidends and interest. Where11 Is not pra¢licable lo identify Investment management costs in¢urred wilhin a scheme with reasonable accuracy the investment income is reported nel of these costs.1115 included when the amount can be measured reliably. Interest Income Is recognised uslng the offeclive Inlefesl method and dividend and rent income is recognised as the charity's right lo receive payrnenl is established. 1.4 R•cognltlon of •xpondlturo All expendllure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there 15 a legal or constructive obligation lo make pay7nents to Ihird partles,11 Is probable that tho settlement will be iequlrgd and the arnovnl of Ihe obligalion Can be measured reliably.11 is categorised under expenditure on charitable aclivits'es and Includes upkeep of the charl8 properties and the cost of adrninislering the activity of the charity. Support costs are those that assist the work of the charity bul do not directly represent charitable activities and include offi¢e costs, and governance cosis. Thoy are incurred direclly in support of expendilvre on the objgcls of the charity. Support costs are allocated lo expenditure on charitable activities as this 15 the sole activity ol the charity. 1.5 VAT The charity is not registered for VAT and is unable lo recover VAT incuried. On thi5 basis cos15 are recorded inclusive ol VAT within the SOFA. The Essex Wynter Charity 2024-25 Accounts
- Notes to the Flnancial Statements (continued) 1.6 Tanglbl• flxed assats al Capiialisalion Tangible fixed assets which are capable of being used for more than one yeaf and have a cost equal lo or greater than £5,000 are capitalised. bl Valuation Land, bulldings, installations and fittings are staled al open market value for Ihelr 8xlsling use. Valuations are carried out profe55ionally a15 year intervals. The last such valuats'on was made on 31 March 2018 by Marshalls. Chartered Surveyors. Beeen valualioris the Tfustees perform 8 desktop revalLtalion based on the professional opinion of Iheir estates advisor. a chartered surveyor. cl Oepreciabon Fixed assets held for use by the charity are not depreciated because the depreciation charge and the accumulated depreaation charge are not matsrial as the assets have a very long usefvl life. 1.7 Flxed a880t Invostmgnts Investments are recognised inits'ally al fair value whlch Is nomially the transaclon price excluding transaction costs. Subsequently, they are measured al lair value with changes Tecognised in 'nel gains I Ilossesl on Inveslm8nls' In the SOFA where Inveslmenis are publicly traded or Ihelr falr value can olheTh¥lse be measured reliably. Quoted stocks and shares are included in Ihe balance sheet al mld-markel prlce. ex-dlv. 1.8 Siock Stock represents prOpe8S ready for sale and is valued al the lower of cost and n81 reallseable value. 1.9 Debtors recalvable and crèdltors payable wlthln one yoar Oeblors anil credltors with no slated interest rale and receivable or payable wilhin one year are rocorded al transaction price. Any lossès arislng from impairment are recognised in expenditure. 1,10 Taxatlon The charlty is considered io pass the lesls sel out In sections $21 to 536 Income Tax Act 2007 IITA 20071. as such no income tsx is payable on the charlvs acliviues. 1.11 Fund8 slruclurg The pemianenl endowment fund consisls of any land and proceeds ol the sale of land formerly belonglng lo the Dr Waller Essex Wynter (Deedl Charity, and any land and proceeds of Ihe sale of land formerly belonging lo the Di Waller Essex Wynler Iwilll Charity, except lor the land purchased out of the "Irusl fund" (see below), and Ihe Snvestments representing the £10,000 bequest given to The Middlesex HospSlal by Alma Martha Benlinck li.e. the former Benlinck Charityl. The expendable endowment fund consists of land purchased by the Iruslees out ol Ihe"Irusl fund" referred lo in the will of Df Waller Essex Wynter and the proceeds ol the sale of such land. General funds are unresth'cled funds which are avaSlable for use al the discretion of the Trustees in furtherance ol the general objectives of the charity and which have not been designaleLI for other purpos8S. 1.12 R•latod party tran5a¢tlon$ During the year none of the Trustees or members of the key management staff or parties related to them has undertaken any material transactions with the Essex Wynler Charity. 1.13 Golng concorn The financial stalemenis have been prepared on a going con¢ern basis as Ihe trustees believe that no material uncertainties exi51. The Iruslees have considered the level of funds held and the expe¢led level of income and expenditure for 12 months from authorising these financial slalements. The budgeted income and expenditure is sufficient with the level of reserves for the charlty lo be able to continue as a goin9 concem.
The Essex Wynter Charlty 2024-25 Accounts 10. Noles to the Financial Statements (continued) Inwstment Income 202425 EndowThen¢ fund5 Unreslricled general funds Total funds Invèstm8nls In a Common Deposit Fund or Common Investment Fund (held wlhin UK) Rental income Bank deposit interest 142,270 164.350 2.665 142,270 164,350 2.665 309,285 309,285 202&24 Endowmenl funds Unrestricted general funds Total funds Inve$lm8nls In a Common Deposil Fund or Common Inveslment Fund (held wlhin UK) Rentsl income Bank deposit interesl 135.147 157.732 1.765 135.147 157.732 1.765 294,644 294,644 Incom• from charltable acttIeS 2024-25 Endowment lund$ Unre5tricled g•n8r81 fund$ Total funds Rental I)Me. beneliciaries 22,904 22,904 22,904 22,904 2023.24 Endowment lund8 Unreslricled 98n8fal lund$ Total lund• Rental iFKome. beneliciaries 23,387 23,387 23,387 23,387 4. Analys18 of charltabl• expendl¢ure Aclivilies undertaken direclly Support ¢osls 202ty25 Total fund• 2023.24 Tolal funds Repairs and maintenarKe Utility charge$ Residenis support Granls lo support nurses at UCLH NHS Foundation Trust 108,363 33,754 18,332 5,711 126,695 39,465 141,174 36,487 4,011 12,311 80,000 13,534 93,534 222,117 37,577 259,694 193,983 Unreslricled funds Endowment lund5 259.694 193,983 259,694 193,983
The Essex Wynter Charity 2024-2S Accounts 10. Notes to the Financlal Stat¢m¢nts (¢ontlnued) S. Allocatlon of Support costs Repairs and maintenance Residents. 5UPPOrt Grant5 for nLJrsès Total eosts charges Expenditure tpe Basis of allocalion Honoraria Indemnity insurance Audit fees Accountancy Admin exp8ndilurè Travel expenses Sundry expenditure Letting agency fees Bank ¢h8r9e8 Allocated by person Proportional lo direct expenditure Proportional lo direct expendilure Proporiional lo direct expenditure Proportional lo direct expendilLre Allocated by purpose of travel Proportional lo direcl expendilur? Proporiional lo dire¢1 èxpenditurè Proportional to direct expenditure 1,071 1,053 4.683 47 334 328 1,459 15 790 778 3.458 34 2,19S 2,159 9,600 96 649 10,500 329 202 3,271 102 479 7.752 243 1.330 21,523 674 18,332 5,711 13.534 37.577 6. TangSble flxed a89ot• 2025 Property Valuation al 31 March 2024 Valuation a131 March 2025 915,000 915,000 Net book valu• at 31 March 2025 915,000 Nel book value 81 31 March 2024 915,000 Hlslorlc cost al 31 March 2025 922,805 No depreciation 15 charged, as detailed in Ihe accounting poli¢io$. The revaluation w88 ¢8rrld out 8131 Mgrch 2025 and has been provlded by Lovaloy Stevens, estate agenls based in Newbury. 7. Flxod a8•et Inve•tment• 202*25 Investment property 2023-24 Listed Invtrslmtrnls Tolol Movement• In the yèar Market valua al 31 March 2024 Add.. Transler from tangible fixed assets Add.. Acquisitions al cosl Lass.. Transfèr lo stock ol properly ready lor sale Nel gainslllossesl on investment Market valve al 31 March 202S 3,258.833 6.454,251 9,713,084 9,328,628 300,000 22,595 9.671 12,048,332) 395,591 4.020.000 9,671 12,048.3321 230,218 7,444,205 165,372 3.424.205 61,861 9,713,084 Historic cost 2,326,900 163,000 2,489,900 3,032,900 Unreslricled Endowment 573,088 2,851,117 3,424,205 573,088 6,871,117 7,444,205 543,129 9,169,955 9,713,084 4,020,000 4,020,000 All investrnenls are held in a Common Deposil Fund or Common Inveslment Fund, wlhin Ihe UK. 202&25 202&24 Stock Property ready for sale 2,048,332 202ty25 2023-24 9. Oébtors Prepayments and acerued income 55,603 50,351
The Essex Wynter Charlty 2024-25 Accounts 10. Notes to the Flnanclal Statements (continued) 202425 2023-24 10. Credltors.. amounts fallSng due wlthln one year Trade Creditors Grants payable A¢¢ruals and other creditors Deferred income 16,989 169,878 5,920 4,275 197,042 9,232 114,010 2.620 6.150 132,012 202425 Brought lOard Caiiled forward Released Deferred Delerred Income 6,150 16,1501 4,275 4,275 6.150 4.275 4,275 Oelerred income represents rental income received in advance. 11. Analy•l• of fund• Balance at 31 March 2024 Balance at 31 March 2025 Incoming resources Resources expended Gains and losses Permanent endowmo111 lurtds Expendablè èndowmenl funds Unr¢slricled general lunds 9.714,415 350,000 628.268 10,692,683 121.3031 1260,1771 9,432,935 350,000 332.189 259.694 29.959 730,722 280,997 230,218 332,189 10,513,657 12. Tru$t•o•' •xp•n888 and other r•latad party tran8aclon8 No Iru51ee received travel expense8 dvring the year12024., £3401. Th•re vmre no r6laled party transactions r8qulring disclosure in the year under revlew. 13. Audltorfs remuneratlon Support costs Include an amount of £2.160 payable lo the 8udilors12024'. £2.1601 for audll.
The Essex Wynter Charity 2024-25 Accounts 10. Notes to the Financial Statements (contlnuedl 14. Flnanclal Instrumgnts The caftyng amounts ol the charitls financial instruments a as lollows.. 2025 2024 Financlal assets Measured al fair value through nel incorn0llexp8nditul'. Tangible fixed assets Fixed assel inveslmenls Stock property lor sale 915,000 7,444,20S 2,048,332 8.359.205 915,000 9,713,084 10,628,084 Measured 8t amortis$d ¢osl'. Trad• crèdiiors 16,969 16,969 9,232 9.232 The income, expense, nel gains and nel losses attributable lo the charitls financial in51ruments are surnmarised as follows". 2025 2024 Income and expense Financial as$trt$ mtra$ur¥d o118lr v8lu• through nèl Incomellexp&ndilurel Renlol income Investment income 187,254 142,270 329.524 181,119 135,147 316,266 2025 2024 Nel gains and108ses lin¢luding ¢h8ng8$ in fair v8luèl Financial assets measured al lair value through nel incornellexpendilvrel Nel gainslllossesl on inve5trnents Gainslllossesl on lixed 85$018 1230.2181 71.861 230.218 71,861 Fixed assel inY¥slmgnls arè hèld 81 lair value ¥Mth valuations oblalned by reference lo market prlces from the appropriate stock exchange, bid prices and last Iraded pri¢¢$ wh¢r¢ applicable.