Company registration number-. 05278018
Charity registration number.. 1107171
Wokingham United Charities
(A company limited by guarantee)
Annual Report and Financial Statrments
for the Year ETJded 31 March 2025
Vale & West Accountancy SeTr ices Limited
Chartered Accountants
Victoria Ho￿￿e
26 Queen Victoria Street
Reading
Berkshire
RGI ITG

Wokingham United Charities
Contents (continued)
Reference and Administrative Details
I to2
Trustees, Report
3tolO
Independent Auditors, Report
Statcmcnt of Financial Activitics
15to 16
Ralance Sheet
Statement of Cash Flows
18
Notes to the Financial Statements
19to37

Wokingham United Charities
Reference and Administrative Details
Chair
J F. Hartley
Trustees
J E Hartley
D C Auger
D Morrison
R Margetts
K A M Hadfield
G M Hobbs
J F Rogers
AEKing
K A McGill
H A Cannon
S R Curtis
J Pallas
Charity Manager
A Garstang
Charity Registration Number
1107171
Cotnpany Registration Number
05278018 (England and Wales)
Registered Office
22-24 Broad Street
Wokingham
Berkshire
RG40 IBA
Correspondence Address
Westende
London Road
Wokingham
Berkshire
RG40 1 YA
Auditor
Valc & Wcst Accoulltancy Scrviccs Limitcd
Chartered Accountants
Victoria Housc
26 Queen Victoria Street
Reading
Berkshire
RGI ITG
Solicitors
Clifton Ingram LLP
22 - 24 Broad Sireet
Wokingham
Berkshire
RG40 IBA
Bankers
Barclays Bank UK PLC
Leicestei
LE87 2BB
Page

Wokingham United Charities
Reference and Administrative Details (continued)
Investment Fund Managers
Bre￿.In Dolphin PIC
12 Smithtield Street
London
ECIA 9BD
CCLA Investment Management Limited
Senator House
85 Queen Vicioria Sireel
London
EC4V 4ET
Page 2

Wokingham United Charities
Trustees, Report
The irustees, ￿'hO are direciors for the purposes of company law. preseni the annual report iogether with the
t-llMn¢ial stateInents and auditors, report of the charitable company for the year ended 31 March 2025.
Objectives and aelivities
Objects and aims
Our charity was established to address the pressing needs of individuals facing poverty, hardship, or distress
thin thc Borough of Wokingham. Our mission is to providc support and rclicf to thosc in nccd, cnsuring a
belter qualiry of life for our community members.
Thc primary aim of thc charity is thc rclicf of tKyvcrty, hardship, or distrcss among rcsidcnts of thc Borough of
Wokingham. We achieve this through the aclivilies of our Iwo main funds:
Almshouse Fund
The Almshouse Fund is dedicated to rnanaging. maintaining, and improving the charil)Ps Almshouses al
"Westende." The income from ihis fund is used to et]haDce the residents, use and cnjoyn]ent of the pruperty.
Relief in Need Fund
The Relief in Need Fund provides grants to help individuals, families. and local charities address issues such as
isolation, lonclincss, homclcssncss prcvcntion, and povcrty rcduction.
Summary ofActivities
Throughout the year, our charity trusttts have WOTked tirelessly to ensure that our objectives are met and to
advance our mission of alleviating poverty and hardship within the Borough of Wokingham. By managing the
AIn￿hOUSe5 and providing grants through thc Relief in Need Fund, we have made a significant impact on the
lives of many residents. Our efforts hai.'e helped io alleviate poverty. provide safe and supportii'e housing. and
address critical issues such as isolation and loneliness. We have seen firsthand the positive impact of our work,
fostering a scnsc of cotnmunity and hope among thc residcnts we scrvc. Wc arc Proud of thc Progress made and
remain dedicated to continuing this vital work in the years to come.
Achievements and performanee
Alm.%hou.ses
Throughout 2024 and inio early 2025. we achieved several significant milestones and hosted numerous events.
In April, we ¢ompleted the revised Resident's Handknok and reiTiewed and updated the application process for
ncw rcsidenls. In Octobcr. we wclcuTned Cliyc Joncs MP for Wokinghan] lo discu55 the in]portanLe uf
almshouses and iheir potential role in addressing future social housing needs. Trustees conducted flat
inspections, whiLh received overall positive feedback wilh only minor remedial works required. This also
provided a valuable opportunity for trustees to meet the residents.
Relief iii Need Organisation Grants
Relief .Ve¢d
More than £35.000 was awarded to seven OTganisations through OUT Relief in Need Grant Fund. These granis
supported charities with various needs, ranging from start-up costs and core expenses to specific assistance for
vulnerable groups like Care Leavers.
Page 3

Wokingham United Charities
Trustees, Report (continued)
Chariti. Chapnpions
In line with the Charity Awards criteria and recommendations and after reviewing our previous grant awards,
we introduced the c.harity Champions Grant Award. This iT]itiatiN'e invited organisatsons to apply for rnulti-year
funding, reducing the administratii'e burden of repeated applications and reviews. Additionally, it proiTides
charities with greater stability and sustainability through reliable, IoDg-tertn fuDdiDg.
We are pleased to announce that three charities were Successful in securing thi5 multi-year funding= Citizens
Advice WokIngha￿ The Cowshed. and Homesian Wokingham. Importantly, this funding is unreslricled, with
tlexible parameters, allom'ing the charities the autonomy to allocate the funds as they see fit. These chariries
have consistently demonstrated significant impact and thorough monitoring in the past. We trust these
organisations to utilise tbe funding effectively. allowing them to continue their valuable work with the assurance
of ongoing financial support.
School Giarti Awllrds
As a rcsult of ihc Incre￿ing demands on school budgcts and the financial pressuTes faced by local families, we
have seen a significant rise in requests for financial support to enable students to participate in school residential
trips. Thcse trips arc highly valucd childhood cxpcricnces. esscntial not only for ct]hanciDg aLadctnic studies but
also for broadening ihe experiences and opportunities ai-ailable to local children.
Recogmising the imponance of these enriching aclivities, Ihe gtanis committee allocated resources to ensure
more students could benefit. Over £14,500 M?s awarded 10 13 local schools to enable students to attend their
residential trips. Additionally, we received supplementary funding from Wokingham Borough Council to
support the Bright Futures grant fund. This allowed us to compleinent the school trip fund by noi only awarding
standalone grants but also Tnatch-funding school trip grants. undei the Bright FutUTes program, thcTeby ensuring
widespread qupport.
Bright Fulure5 Fund
We were fortunate to receive £25,000 (£2,500 was restricted for administration 5UPPOrt) in funding from
Wokn'ngharn Borough Council's Tackling Povcrty Stratcgy. This funding supports childrcn and young pcoplc
from low-income households in enga￿ng in exlracurricular ac11￿11]es. including school trips, thereby expanding
the variety of actiTrities thal can be supported. The Bright Futures Grant Programme, widely promoted
throughout the Borough in collaboration ivith panners. schools, and various organisaiions, aivards grants for a
diverse range of activities such as study abroad trips, learn-to-swim programs, mcntal health workshops, football
tours. holiday club aciiviiies. choir. dance lessons. Duke of Edinburgh participaiion. youth clubs. school
residential trips, i¢e skating l¢ssons, and football clubs. Through 29 different projects. these initiatives benefitted
96 young people, pToTr'iding cnriching cxpcrienccs and Op￿)rtunIties.
Essential Item Grunts 2024/2025
This financial year, we proi'ided £86,229 in essential item grants. benefiting 143 individuals and families in
need. Committed to supportino community members facing financial challenges, these grants offer immediate
assistance for crucial ilcms such as whitc goods. bcds. mattrcsscs. and. in cxccptional circuinstaDCCS, flooring
amongst other more specific iiems for unique and specific needs. We continue to strive to demonsirale
flexibility and responsiveness of our grant progrdmme in addressing diverse needs ￿￿thin our eoinmunity and so
reduce financial strain, improve quality of life, and promote dignity and stability for those facing challenging
circumstances.
By working in collal)oraiion with other organisations who provided essential item grants. we have broadened the
opportunity for clicnts to rccciTr'c support i'la onc application pathway. Working closcly with thcsc
organisations, enables professional referrers and clients to submit one application but potentially receive
multiplc avcnucs of support dcpcnding on thcir location an(Vor othcr cligibility critcria. Partnciship
organisations contribuied over £6,500 iowards seven grant awards.
Page 4

Wokingham United Charities
Trustees, Report (continued)
Chrisimas Cheerl 20 ?4
For the fourth consecutive year: the Board suptK)rted the Christmas Cheer! 2024 grant programme. This
initiatii'e provided funding to local charities to 'spread a little Christmas cheer, is dedicated to assisting
residents during the holiday season by distribuiing food hampers and gifts. In totsl, six grants M'ere awarded,
amounting to £10:651, lo ensure a brighter Christtnas for those ID need.
Hot4.*ehold Si4ppnri Fiind (HSF)
Thc Household Support Fund, a govcrnmcnt initiativc lauDcbed in 2021, providc5 funding to local authorities
nationwide to assist people Thiih their fuel and food bills. Our charity collaborated with Wokingham Borough
Council and thrcc othci local Lhalltics-A¥c UK Bcrkshirc. Citizclls Advicc WokinghaTn. and First Days
Children's Charity-to facilitate this support and offer addiiional assistance as needed.
The Household Suppoll Fund was extended again. starting in April 2024. It is divided into two components ro
address specitic community needs. The first componeni. Holiday Food Vouchers, is awarded to tamilies whose
childrcn qualify for mcdns-testcd frce school Tnca15, cnsuring thcy have acccss to nutritiou5 food during school
holidays. The second component provides a one-time award to individuals or families facing financial hardship
who do nul qualify for mcans-tcstcd frec schuul mcals but still rcquirc support. This dual appToaLh enables us to
effectii'ely iarget and assist those most in need.
Since April 2024. we have disiribuied 2.650 Household Support Fund gyanis, including £118.030 in vouchers, lo
families and individuals. These grants proN'ided crucial financial support for food and energy costs. This effort
included processing 317 new applicalions.
Fundraising disclosures
The charity had no fundraising activities that require disclosure under Sl 62A of the Charities Act.
Public benefit
In lollowing the charity's aims and objeclive& Ihe Iruslees have had regard to the Charity Conllnission's
published guidance in complying with their duty in section 17(5) of the Charities Act 2011 on Public Benefit.
The provision of the Almshouse accommodation for those in need provides an identifjable public benefit which
is directly in line with the charity's aims. Beneficiaties of the Almshouses must be in need.
The trustees Conf￿ that they bave refe￿ed to the guidance contained in the Cliarity Comtni5sion's general
guidance on public benefit when seiiing the Reliel in Need grani-making policy for the year.
Grant makingpolicies
Grants aimed ai alleviating nee& hardship. or distress for indil'iduals are primarily administered through our
essential itern grant programme. Professional Refe￿erS complete an application form on behalf of the
applicants.
The charity does not fund items that fall under Ihe responsibility of ihe state or local authorities.
The charity has continued to awaTd grants to oiganisations. emphasising a "hand up" Tather than a "hand out"
approach. This ethos has allowed the charity to diversify ILS granLs, providing meaningful support and creating
opportunities. In response to the evolving needs of the local voluDtary sector. the grant-making policy was
amended to inclLLde mulii-year funding awards.
Page 5

Wokingham United Charities
Trustees, Report (continued)
Financial review
Thc unicstrieted income of the charity during the year totalled £533.354 (2024= £500,295) composed of
£19n,559 (2024.. £186.191) Irom Ihe Almshouse. £17,fi50 (2024.. £nil} from Relief in Need, and £325,145
(2024.- £314,104) income from investiiients. £207,699 (2024.. £215,718) was spent OD the upkeep and running
costs of the Almshouses, of which £66.987 (2024: £66,980) was charged to ihe designated repair funds.
£1,029.755 (2024.. £1,239,336) was spent on orants and a further £5.500 {2024.. £5.241) on professional fees.
Support costs totallcd £40,380 {2024: £44.098) and iDVCStmcnt tt]anagcrs' fccs totallcd £44.681 (2024.. £41.571}.
The total deficit for the year ended 31 March 2025. afteT net losses on investment of £63,356 (2024.. losses of
£789,341) was £186.267 (2024- net deficit of £803.316).
Policy on re.serves
Alrnshouse Fund - The charity has a substantial onooing responsibility for housing 35 residenLS at Weslende. Tt
is considercd that, to meet thcse substantial outgoings. the targct gcncral reseThTCS at l April each year should be
equivaleni 10 12 months Of￿￿oSS expendiiure Irom Almshouse general lunds in the forihcoming year.
The charity has total Almshouse rese￿.eS of £917.662 including £170.930 of functional assets and £376.355 for
restricted purposes: leaving £370.377 of free reserves. Of this. £300.735 has been set aside for desigllaled
purposes, with the remaining £69,642 available foi general use. This is in line the trustees, reserves policy.
Relief in Need Fund - The tn15tees have a continuing reserve for the Relief in Need fund of a minimuTn of
£150,000 for grants and £100,000 for salaries and annual running costs. The fomier is to ensure that there are
sufficient reserves aN'ailable to coi'er six months of expected grant making an(Vor sufficient funds available
should the trustees wish to fund a large projecl urgently.
The charity has total Relief in Need reserves of £l1.839.018 with £l1.126.3LIO held for restricted purposes,
leaving £712,677 of free reserves available for general use. Based on the trustees. current reserves policy, thi
would Icavc £462,677 availablc as cxccss funds and thc trustccs arc n]aking plans to incrcasc its grant inaking
activity this coming year. As the trusiees hai'e increased the charity"s area of benefii and recognised the impacts
of Covid I g. they are increasingly being proactive when exploring innovative ways to increase the impact that
the charity can make.
Inve.ftmentpolicy and objectives
A new investment policy was adopted by the tn￿te¢S in April 2025 after taking advice from our professional
invcstment adviseTS, including YOKE who coT]ducled an indcpendcnt rcviell. for us in 2024. OUT In￿eStment
policy is designed to produce an income to enable the chariiy lo operate effectively whilst ensuring thal over a
ten-year period the capital value of our endownent exceeds inflation (CPI)-
Page 6

Wokingham United Charities
Trustees, Report (continued)
Risk Nqanagemenl
Thc trustecs hai'e identified and assessed the major strategic. business. and operational risks facing the charity.
Both extemal and internal risks are continuously revie￿'ed, with a risk register updated annually. Key risks and
preventative measures include..
Undei. per]Oi*Rance ofInve.vtmeni mai.kei.s Èo meei Ihe irn.¥iee.s' inconie reqtsirenienLY
Our invcstmcnls arc managcd profcssionally. with quartcrly rcports scruliniscd by thc Financc Committcc and
summaries provided to all trustees.
Large and UPFforeseen e.rpenditiire on the Wesiende properti"
Profcssional advice is sought for risks associated with the Almshouses, and safety measures are regularly
monitored.
Harni lo a benL.fic'iary diie lo a safÉ'guarding inc'id£'nl
Staff closely monitor safeguardino risks at Westende and through care￿1 due diligence of grdnt applications to
mitigalc tbis iisk. Concctlls Icportcd to ttuslccs.
Loss ofL-e¥' staff/ tnislees
Staff wellbeing is prioritised and cross-training is in place to reduce reliance on key individual staff members.
We are building a pipeline of new trustees to ensure continuity and measures are in place to document key
policies and operational inforniation.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows=
Trustees:
J E Hartley
D C Auger
D Morrison
R Margett5
K A M Hadfield
G M Hobbs
J F Rogcrs
AEKing
R Tweed (appointed 17 September 2024 and resigned 13 May 2025)
G Veitch (resigned 31 March 2025)
J C Holloway (resigned I l June 2024)
K A McGill (appointed 20 May 20251
H A Cannon (appointed 20 May 2025)
S R Curtis (appointed 20 May 20251
J Pallas (appointcd 20 May 2025)
Chair-
J E Hartley (elected chair 20 May 2025}
Charity manager..
A Garstang
Page 7

Wokingham United Charities
Trustees, Report (continued)
Siructure* governance and managemenl
Governing Documenl
Our charity is govemed by a deed of trnst, which serves as our governing document. This document outlines the
charitys putyose, structure, and operational ￿idelIneS. As a liinited conwanv, limiled by guarantee, our
structure is also go￿erned by the Companies Act 2006. The trustres, who are also the directors of the charitable
company. guarantee to contribute an amount not exceedino £1 to the assets of the charitable company in the
cvcnt of winding up.
Recruitmen¢ artd appoin¢mertt oftr4slees
This year, ptiotitised enhancing our boaid's diversity and expertise through a structured recruitment process.
InN'aliiable collaboration ￿'1th InTnL8ied at Ini-olve Community SeThices. helped us identify seNeral high-calibre
candidates based on their eligibility, COD]petence, aDd specialist Skills. The charity's aim was to achieve a
balanced mix of experience, diversity, and background.
We were fortunate to otTer Commitlee positions to four candidaies. all of whom accepted and have brought
fresh perspectives lo the team. These new committee members attend meetings as Volunteer Members and join
various committees lo explore ai'ailable roles. learn about the charity. and Lfftdetsiand our journey and future
direction. This process allows both the charity and the comtnittee meinbers to assess suitability before full board
admission as trustees.
The induction proces5 includes COTnprehen5ive briefings with the chair of trustees. charity Tnanager and
committee chairs. While we benefited from InTrusted's support, Ihe recruitment and appointment of trustees
remain internally managed to ensure alignment with our strategic needs.
Oryani5ational struclure
The charity is administered by the Board of trustees. (Ivho are appointed for a four-year term and may be
re-appointed il willing lo Se￿e} meeting six limes a year lor general meeiings and once for an amiual general
meeting, with additional ad hoc meetings as needed. Decisions are made during these meetings, which require a
quorum of five trustees. Staff maintain the minule book.
The trustees bring a wealth of experience from various fields, including accountancy, law, healihLare, business,
and properry management.
None of the trustees has any benefi¢ial interest in the company.
Sub-CommitteeStructHre
Following the successful inlroduciion of the Governance & Strafrgy Committee last year, we established a
Staffing Committee this year. This committee has been instrumental in adi-.ancing various governance tasks and
has provided valuable support in strategic planning. Wilh the upcoming ￿vieW of the charity's strategy
schcdulcd for 202512026, wc proposc to makc thc G&S Committcc a pcrmancnt fixturc. Thc committcc has
proi'en lo be a positive force. facililaiing ihe progression of thsks and serving as a conduii for the Board io
address matters outside of the tmain Board Ineetings.
The five sub4ommittees. ￿]Ch meet regularly, are=
We.s¢ende - Manages the ongoing administration and maintenance of the Almshouses.
Grants- Rcvicws and approvcs grants to individuals and othcr charitablc organizations.
Financ'e
Maintains accurale accounting, prepares ihe annual budgei, and reviews ihe perforniance of the
Investment Manager.
Siaffing- Oversees personnel management.
Goveriiuiice & Siidiegv - Actions and pro(Fresses governance. strategic planning, and the implementation of
initidtives to cnsurc ihc Lhatity's ubJcLtivcs arc mct effcLtivcly and 5UStaindbly.
Page 8

Wokingham United Charities
Trustees, Report (continued)
Adminislration and staffing
The staff team remained stable with four members. the Household Support Fund (HSF) continued, the HSF
adniinistrator prioritised n]anaging this initiative. Alongside the focus on the HSF. time and effort were also
dedicated to enhancing the charitys marketing and social media presence. These efforts aimed to strengthen our
brand and increase community engagement, ensuring we reach a wider audience.
S¢rategvforgovernanee
Over thc past ycar, OUT charity has focuscd on strcngthcning OUT governance frameworL eDsuring robusl
oversight and accountability in all our operations_ This straiegic move has enhanced our leadership capabilities
and pos11ioncd u5 to addrc55 futurc challcn¥cs. Additionally. wc havc bccn cvaluating our futurc prioritics,
aligning our goals with the evolving needs of the communiiies ￿e serve.
Future plans
Looking ahead, we will be building on our recent successe% including the recruitment of four new committee
mcmbcrs who bring fresh pcrspcctivcs and cncrgy to out teatn. Wc are revisiting our inission goals in tbe
light of current social and community needs as well as the sirafrgy to deliver them. Additionally, ￿'e will
continue to develop our grant funding initiatives to support our projects and services. The trustees remain
commiited to enhancing and maintaining the faciliiies at Wesiende Almshouses, thus ensuring the well-being of
our rcsidcnts. To support our stratcgic dcTr'clopmcnt, a Board and Managcmcnt Away Day is schcdulcd for April
2025. This session will help assess curreni progress. ideniify fumre opporluniiies. and shape priorities lo ensure
ali8nn￿llt with our mission and stakebolder needs.
Statement of trustees, responsibilities
The trustees (who are also ihe directors of Wokingham United Charities for the purposes of company law) are
responsible for preparing the trustees, report and the financial statements in accordance with applicable law and
Unitcd Kingdom Accounting Standards (Unitcd Kingdom Gcncrally Acccptcd Accounting Practicc), including
FRS 102 "The Financial Reporting Standard applicable in ihe UK and Republic of Ireland"
Company law requires the trustees to prepare financial statements for each financial year. Under coinpany law
the trustees must not approve the financial statements unless they are saiisfied that they give a true and fair iwiew
of the state of aftairs of the charitable company and of the incoming resources and application of resources,
including its income and expenditure, of the charitable company for that period. In preparing these financial
slatements, the trustees are required to=
select suitable accounting policies and apply them consistently.
obscrvc thc mcthods and principlcs in thc Charitics SOiiP-
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standaids. comptising FRS 102 have been followed, subject to any
material departures di£closed and explained in the financial statements- and
prepare the financial S￿leMentS on the going concem basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy al
any time the financial position ofthe charitable company and enable tliem to ensure ihat the financial statements
comply with the Companies Act 2006. They are also responsible foi safeguarding the assets of the charitable
company and hence for raking reasonable steps for the prevention and deiection of fraud and other irregularities.
The tn￿leeS are responsible for the mainlenance and integrity of the corporafr and financial infomiation
included on the charitable company's website. Legislation goiTerning the preparation and dissemination of
rmancial statements may differ from legislation in otbei jutisdictions.
Page 9

Wokingham United Charities
Trustees, Report (continued)
Disclosure of information to auditor
Each trustec has taken stCP5 that they ought to have taken as a trusttt in order to make themselves aivare of any
relevant audit infom)ation and to establish that the charity's audiior is aware of that information. The trustees
confirni tbat there is no relevant information that they know of and of which they know the auditor is unaware.
Reappointment of auditor
In aLLordanLC Wlth scLtion 485 of ihc CoTtwanics Act 2{￿6, a rcsolution foi thc rc-appointmcnt of Valc & Wcst
Accountancy Services Limited as audiiors of the chariry is io be proposed at the forthcoming Annual General
Meeting.
2211112025
The annual report was approTr'ed by the trustees of the charity on .................... and signed on its behalf by..
J E I lartley
Chair and trustee
Page 10

Wokingham United Charities
Independent Auditor's Report to the Member5 of Wokingham United Charities
Opinion
We haN'e audited the financial statements of Wokingham United Charities (the 'eharity') for the year ended 31
March 2025, which comprise the Staiement of Financial Aciivities, Balance Sheet, Statement of Cash Flows.
and Notes to the Financial Statements, including a summary of significant accounting policies. The financial
reporting framework thai has been applied in their preparaiion is United Kingdom Accounting Standards,
comprising Charities SORP - FRS 102 'The Financial Reportino Standard applicable in the UK and Republic of
Ircland, and applicablc law {Unitcd Kingdom Gcncrally Acccptcd Accounting Practicc).
In our opinion the fmarLcial stalements:
give a true and fair view of Ihe state of the charily's affairs as at 31 March 2025 and of ils incoming
resources and application of resources, including its income and expenditure, for the year then ended.
have been properly prepared in accordance with Uni(ed Kingdom Generally Accepted Accounting Practice.
and
have been prepared in accordance with the ￿qUireMentS of the Companies Act 2006.
Basis for opinion
We conducted our audil in accordance with International Standards on Auditing (UK) {ISAs {UK)) and
applicable law. Our responsibilities undet those standards ale funhei desLribed in the auditor responsibilities for
the audit of the financial statcments section of our rcport. We are indcpcndcnt of thc charity in accordance ￿th
the ethical requirements that are relevant lo our audii of Ihe financial staiements in ihe UK. inLluding the FRC'S
Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.
We believc that the audit eTr'idcnce wc have obtained is sufficient and appropriate to provide a basi5 for our
opinion.
Conclusions relating to going coneern
In auditing thc financial statcmcnts, wc havc concludcd that thc trustccs usc of thc going conccrn basis of
accounting in the preparalion ofihe financial staiemenis is appropriale.
Bascd on the work we have performed, we have not identificd any material uncertainties relating to events or
Londilions thai. individually 01 collcclivcly. may cast significanl doubt OD thc chdrity's ability lo Lontiiiue as a
going concern for a period of at least tweli'e months from when the original financial stalements were authorised
for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
releN'ant sections of this report.
Other information
The trusfres are responsible for the other inforn￿tion. The other infonnation Comprises the Inforn￿tIon included
in the annual report. other than the financial statements and our auditor"s report thereon. Our opinion on the
rinancial siaiements does noi cover the oiher infomlaiion and, excepi io the exient oiherwise explicitly stated in
our repon, we do not express any fomi of assurance conclusion thereon.
In connection with our audit of the financial statements. our responsibility is to read the other inforniation an
in doing so, considcr whcthcr thc othcr information is matcrially inconsistcnt iF¥ith thc financial statcmcnts OT
our knowledge obtained in Ihe audit or othenyise appears lo be maierially miss¢afrd. Ir we idenlify such malerial
inconsistencies or apparent malerial misstatements, Ive are required to delerinine MThether there is a material
misstatement in the financial statemeT]ts or a mateTial misstatemeT]t of the othu infoTmation. If, based on the
work we have perfom]ed, we ¢onclude that there is a material rnisstatement of this other information, we are
required to report that fd. ct.
Page I

Wokingham United Charities
Independent Auditor's Report to the Member5 of Wokingham United Charities
(continued)
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companie5 Act 2006
In our opinion. based on the work undertaken in Ihe course of the audit=
the information giN'en in the TA￿tees, Report for the financial year for which the financial statements are
prepared is consistent with the financial statements- and
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matters on which Ive are required to report by tAeeptio
In the light of our knowledge and understandin? of the charity and its environment obtained in the course of the
audit, wc havc not identified material misstatcments in the Trustees. Report.
We have nothing to report in respecl of Ihe following matters ￿there the Companies Act 2006 requires us lo
report to you if, in our opinion=
adeqiiate accounting records have not been kept, or returns adequate for our audit have not been received
from branchcs not visilcd by us- or
the financial statetnents are nol in agreement with the accounting records and returns- or
certain disclosures of ttwsiees remuneration specified by law are not made: or
we have not Teceived all the informatiOT] and cxplanations wc require foT OUT audit.
Responsibilities of trustees
As explained more fully in the Stalemeni of trustees, responsibilities (set out on page 9). the trustees are
responsible for the preparation of the financial statements and for being satisfied that they give a true and fair
view. and for such internal control as the trusttts detemine is necessary to enable the preparation of financial
staiements that are free from material misstatemeni. wheiher due 10 fraud or error.
In preparing the fmancial statements, Ihe trustees ale responsible for assessing the charity's ability to continue as
a going concern, disclosing, as applicable, matters relaied to going concern and using the going concern basis of
accounting unless thc trustecs either intend to liquidate the charity or to ccasc operations. or have no realistic
alt¢rnative but to do so.
Auditor responsibilities for the audit of the financial statements
Our objectivcs arc to obtain rcasonablc a5surancc about whcthcr thc financial statcmcnts as a Ththolc arc frcc
from material missthtemenl. whethei due lo rtaud or error. and io issue an audiloi's report thal includes our
opinion. Reasonable assurdnce is a high level of assurance, but is not a guarantee that an audit conducted in
accordancc with ISAS (UK) will always detect a Tnatcrial misstatenient when it exists. Misstateinents can arise
from fraud or error and are considered n]aterial if, individually or in the aggregate, they could reasonably b¢
expedcd to infiucncc Ihe economic decisioll5 of uscrs takcD oll the bas.is of thesc financial statemcDts.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below-
Our approach to identifying and assessing the risks of Ma￿rial MISS￿lemen( in respecl ol irregularities,
including fraud and non-compliance with laws and regulations, was as follows..
the engagemeni partner ensured that Ihe engagemenl ieam Collectively had the appropriaie competence,
capabilitics and skills to identify or recognise non-compliance with applicable laws and rcgulations.
we identified the laws and regulations applicable ￿ the company through discussions with directors and
other management, and from our knowledge and experience of the charities sector.
Page 12

Wokingham United Charities
Independent Auditor's Report to the Member5 of Wokingham United Charities
(continued)
we focused on speciFic laiys and regulations which ive considered may have a direct malerial effecl on the
financial staternents or the operaiion.s of the company, including the Cornpanies Act 2006, Charities A¢t
2011, employTnent and health and Safety legi51ation'
we assessed the extent of compliance with the laivs and regulations identified above through making
enquiries of management and inspecting legal correspondence- and identified la￿,$ and regulations were
communicated within the audii team regularly and the ieam remained alert to inslances of non-compliance
throughout thc audit.
We assessed the siisceptibility of the company'5 financial statements to material misstatement. including
Ob￿LnIng an understanding of how fraud mighi occur. by..
making enquiries of D]anagement a5 to where they considered there was susceptibility to fraud, their
knowledge of actual. suspected and alleged fraud- and
considering the intemal controls in place to mitigate risks of fraud a￿d Don-compliance with laws and
regulations.
To address the risk of fraud through management bias and override of controls. we:
perfornied analytical procedures to identify any unusual or unexpected relationships-
tested journal entries lo identify unusual trnnsactions-
asscssed whether judgements and assumptions made in deternlining the accounting estimates weTe indicative
of potential bias- and
invesiigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations. we designed procedures
which included, but were not limited to-
agrcciDg financial statcmcnt disclosurcs to UDdcrlying supporting docuincntation.
reading the minutes of meetings of those charged wilh governance. and
enquiring of management as io actual and potential liiigaiion and claims.
TheTe are inherent limilatsoDS in our audit prucedures desLribed above. The more removed that laws and
regulaiions are frorn financial trdnsaciions. Ihe less likely li is that ive would become aware of non-compliance.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations
to enquiry of the directors and other managemeni and the inspection of regulatory and legal correspondence, if
any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they
may involve deliberate concealment or collusion.
A further description of OUT Tesponsibilities for the audit of the finaTJcial statements is located on the Financial
Reporting Council's website at Mvw.frc.org.uklauditorsresponsibilities. This description forn￿ part of our
Report of the Independent Auditors.
Page 13

Wokingham United Charities
Independent Auditor's Report to the Member5 of Wokingham United Charities
(continued)
Use of our report
This report is made solely to the charitable company's trustee5. as a b￿y. in accordance with Chapter 3 of Part
16 of Ihe Companies Act 2006. Our audi( work has been underthken so Ihal ive migh¢ state to (he charity's
trustees those matters ￿'e are required to state to them in an auditor's report and for no other purpose. To the
fullest extent perniilted by la￿,. we do noi accept or assume responsibility to anyone other than the charitable
company and its trustees as a body, for our audit work, for this reporQ or for the opinions we have fonned.
Jason Pykc FCA (Senior Statutory Auditor)
For and on behalf of Vale & West Accountancy Services Limited.
Statutory Auditors and Q"hartered Accountants
Victoria House
26 Queen Victoria Street
Reading
Berkshire
RGI ITG
0111212025
Date=.............................
Page 14

Wokingham United Charities
Statement of Financial Activities for the Year Ended 31 March 2025
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unrestricted
funds
Restrieted Endowment
funds
funds
2025
Note
Income and Endow'mellts from:
Grant incoLne
725,868
725.868
208.209
325,145
Charitable activities
Investment ineome
208.209
325,145
Total income
533,354
725,868
1,259,222
Expenditure on:
Raising funds
Charitable activities
(4.097)
(555,699)
(40,584)
(44,681)
{1,337,452)
(781,753)
Total expenditure
Gainsllosses on investment assets
(559,796)
155,265
(781,753)
(40,584} (1,382.133)
(218,6211
(63.356)
Net incomel(expenditure)
Transfers bctween funds
128.823
.016
(55,885)
(1,016)
{259,205}
(186,267)
Net movement in funds
129,839
(56,901)
(259,205}
(186,267)
Reconciliation of funds
Total fimds brought forward
1,124,144
69,625
11,749,176
12,942,945
Total funds carried forivard
20
1.253.983
12.7?4
1,489.971
12,756,678
The notes on pages 19 ￿ 37 fomj an integral part of these financial statements.
Page 15

Wokingham United Charities
Statement of Financial Activities for the Year Ended 31 March 2025 (continued)
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unrestrieted
funds
Restrieted
funds
Endowment
funds
2024
Note
Income and Endow'mellts from:
Donations and legacies
Charitable activities
Investment ineome
943.990
943.990
186.191
314,104
186,191
Total income
5(K).295
943,990
1,444,285
Expenditure on:
Raising funds
Charitable activities
(3,372)
(s￿,229)
(38.199)
(41,571)
{1,597,074)
(1,032,845)
Total expenditure
Gainsllosse8 on investment
assets
(567,601)
(1,032,845)
(38,199)
(1.638,645)
72,539
971,879
1,044,418
Net incomel(expenditure)
5.233
(88.855)
933,680
850.058
Net movement in funds
5.233
{88.855)
933.680
850.058
Reconciliation of funds
Total FL￿dS brought forward
1,118.911
158.480
10.815,496
12,092.887
Total funds carried forivard 20
1.124,144
69,625
11,749,176
12,942,945
All of the charity's activities dertve from continuing opeTations during the above two periods.
The fi]nds breakdowi for 2024 is showi in note 20.
The notes on pages 19 ￿ 37 fomj an integral part of these financial statements.
Page 16

Wokingham United Charities
(Registration number: 05278018)
Balance Sheet as at 31 March 2025
31 Marcb
2025
31 Mareh
2024
Note
Fixed assets
Tangible assets
Invcstmcnts
13
14
170,930
12.555.218
176,155
12,645.933
12,726,148
12,822,088
Current assets
Debtors
Cash at bank and in hand
15
61,111
101,300
22,324
162,705
162.411
185,029
Credltors: Amounts falling due within one vear
16
(131.881)
(64,172)
Net current assets
30,530
120.857
Net assets
12,756,678
12,942,945
Fund5 of the charity:
Endowment funds
1,489,971
11,749,176
Restricted income funds
Restricted funds
12,724
69,625
Unrestricted income funds
Unrestricted funds
1,253,983
1,124,144
Total funds
20
12,756,678
12,942,945
The f1nancial Statemen￿ on pages 15 to 37 were approved by the trnstees. and authorised for issue on
- and signed on their behalf by..
J E Hartley
Tn￿te¢
J F Rogers
Trustee
The notes on pages 19 ￿ 37 fomj an integral part of these financial statements.
Page17

Wokingham United Charities
Statement of Cash Flows for the Year Ended 31 March 2025
2025
2024
Note
Cash flows from operating activities
Net cash (expenditure)lincon]e
{186,267)
850.058
Adjustments to cash flows from non-cash items
Depreciation
Investment income
Net {gains) losses on tnvestmenls
Investment managemeni costs
5,225
(325,145)
177,616
44.681
5,225
(314,104)
(1,044,418)
41,571
(283.890)
(461,668)
Working capital adjustments
Increase iL] debtors
Increase in creditors
15
16
138,787)
67.709
(1,284)
16,639
Net cash floivs from operating activities
(254,968)
(446,313)
Cash flows from investing Y&ctiN'ities
Acquisitions of investments
ProLecds from sale of investments
Fixed asset investment income
Investmeni managemenl cosls
(2,230,853)
2.143.952
325.145
(44.681)
(2,722,677)
2.745.138
314.104
(41,571)
Net cash flows from ini'esting activities
193.563
294.994
Net decrease in cash and cash cquivalcnt5
(61,405)
(151,319)
Cash and cash equivalents al l April
162,705
314,024
Cash and cash equiialents at 31 March
101,300
162.705
Reconeiliation of net eash flow to movement in net funds
(Decrease)lincrease in cash
(61.405)
162.705
Net fundsl(debt) at l April 2024
162,705
(314,024)
Iyet fundsl{debt) at 31 March 2025
101,300
(151,319)
All of the cash flow's are derived from continuing operations during the above two periods.
The notes on pages 19 ￿ 37 fomj an integral part of these financial statements.
Page18

Wokingham United Charities
Notes to the Financial Statements for the Year Ended 31 March 2025
I Cbarity Status
The charity is limited by guarantcc, Inco￿Orated in England and Wales, and consequcntly does not ha￿t share
capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity
in the cvcnt uf liquidation.
The registered office address is stated in the Reference and Administrative Details section of the Annual Report.
2 Accounting policies
Summary of signifieant aecounting policies and ke}. aecounting estimates
The principal accounting policies applied in the preparation of these fmancial slaten]ents are set out below.
These policies have been consistently applied lo all the years presenie& unless otherwise stated.
Statement of eomplianee
The financial starements have been prepared in accordance witb Accounting and Reporting by Charities..
Statement of Reconunended Practice {applicable to charities PTepating their accounts in accordance with the
Financial Reportinn Standard applicable in Ihe UK and Republic of Ireland (FRS 102)} (issued in October 2019)
(Charities SORP (FRS 102)), the Financial Rew)rting Standard applicable in the UK and Republic of Ireland
{FRS 102) and ihe Companies Act 2006.
Basis of preparation
Wokingham United Charilies meets the der￿ltIon of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or trdnsaction value unless otherwise stated in the
rclcvant accounting policy notcs.
The presentional and functional currency of the Charity is Sterling (£) and the financial statements are rounded
to the nearest £1.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess ￿.￿ether the use of going concern is appTopriate i.e. ￿hether there are any niaterial
uncertainties related io events or conditions that may cast significant doubt on the ability of the charity to
Lontinue as a going concern. The ttustees make this assessment in respeLi of a peiiod of one year from the date
of approval of the financial statements.
Group accounts not prepared
The accounts of Wokinglwn United Charities have not been consolidated with those of WUC Land
Management Ltd as the irusiees Consider that the amounts involi'ed are not maierial.
Page 19

Wokingham United Charities
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
2 Accounting policies (continued)
Critieal accounting judgements and key sources of estimation uneertainty,
In the application of the charity's accounting policies. trustees are required to n]ake judgements, estin]ates and
assumptions about the carrying i'alue of assets and liabilities that may not be readily apparent from other
sources. The estiination and underlying assumptions are based on historical experience and other factors that are
considered to be relevant. Actual results may differ from these estimaies.
The estimates and underlving assumptions are reviewed on an on-going basis. ReN'isjoDS to accounting estimates
are recognised in the period in which the estimate is iei'ised if the ieN'ision atTects only that period or in the
period of revision and future periods if the revision affects the current and future periods.
The critical judgement that has the most significant effect on amounts recognised in the financial statements is
the market valiie of listed fixed asset investments. Listed investments are revalued at each balance sheet date
and ihe markct movemcnl is recugniscd as a gain or loss in thc stalen]ent of finanLial activities foT Ihc period,
The trustees engage professional ini'estment fund managers who i-alue the inN'estments at each accounting date
by reference to stock market indices. The listed ini-estmenis are therefore subject to market volatility and any
changes in value may significanily affect results of the period and future periods.
Income and endoTrvments
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it
is piobable that the income will be ieccived and tbe arnount can be tneasured reliably.
The following specific policies are applied to particular categories of income:
Monthly maintenance contributions are recognised when receivable.
Grants whcrc cntillcmcnt is not conditional on thc dclivcry of a spccific pcrformancc by thc charity, arc
recognised when the charitv becomes unconditionally eniitled ¢0 the grant.
Investn]ent income is included when receivable.
Grants receivable
Grants, including Governtnent gryants from local authoTities. aTe Tecognised Th'hen the charity has an entitlen]ent
to the fiinds and any conditions linked to the erdnts have been met. Where perfom]ance conditions are attached
tu thc gryant arc yet lu bc tnet, the income is rccogui5cd ￿ a liability and included on thc balanLt shLL"t as
deferred income to be released.
Expenditure
All expenditure is recognised once there is a legal or construciive obligation to thal expenditure, it is probable
settlement is required and the amount can be measuied ieliably. All costs are allocated to the applicable
expenditure heading that aegregate similar costs to that category. Where costs cannot be directly attributed to
partiLulai hcddings they have been alloLaied on a basis consistent with the usc of iesourLes, wilh Lcntral staff
costs allocated on the basis of time spent: and depreciation charges allocated on the portion of the asset's use.
Other siipport costs are allocated based on the spread of staff costs.
Rai.singfunds
Raising funds comprise Ihe costs associated TAith managing Ihe charitys investmen¢ ponfolio.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services
for its beneficiaries. li includes both costs that can be allocated directly to such activities and those costs of an
indirect nature necessary to support them.
Page 20

Wokingham United Charities
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
2 Accounting policies (continued)
GraHI cypenditure
Grants payable are recognised as expenditure in the year in which a bindiiig comtnitment to make payments is
entered inio and there are no condilions io be mei relating to the grant ii."hich remain in the control of the charity.
Granlprovisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but
thcrc is unccrtainty about cithcr thc tin]iDg of thc grant or thc amount of grant payable.
Support costs
Suppon costs comprise costs incunEd centrally in support of the chariry. This includes goi'ernance costs, these
are the costs of rutming the charitable Company, including sirategic planning, external audii, any legal advice for
directors, and all costs of compl)ring ￿1¢h consiiiutional and statutory requirements, such as the costs of board
and committee meetings and of preparing statutory accounts and complying with public accountability-
GoTrernance costs
Thcsc includc thc costs attributablc to thc charity's compliancc with constitutional and statutory rcquircmcnts,
including audit, siralegic management and irnsiees meeiings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Pardgrdph I Schedule 6 of the Finance Act 2010 and
therefore it meeis the definition ol a charitable company for UK corporation thx purposes. Accordingly. the
charity is potentially exempt from taxation in respe¢1 of income or capital gains received within categories
covcrcd by Chaptcr 3 Part I l of thc co￿OTation Tax Act 2010 or Scction 256 of thc Taxation of Chargcablc
Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets are initially recorded at cost. less any subsequent accumulated depreciation and
subsequent accumulaied impaim]enl losses.
Contributions towards the cost of fixed asscts are includcd as incomc whilst thc gross cost of fixed asscts are
capilalised. Iiems wider £500 are nol capitalised.
Depreciation and amortisatioll
Depreciation is provided on tangible fixed asset5 so as to write off the cost or iTaluation, less any estimated
residual N'alue. over their expected useful economic life as follows:
Asset class
Freehold propety
Fixtures and fittings
Depreciation method and rate
Straight line oi'er 50 years
Straight linc over l O years
Page21

Wokingham United Charities
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
2 Accounting policies (continued)
Fixed asset investments
Fixed asset investments are included at n]arket value at the balance sheet date. Realised gains and losses on
investments are calculaied as the difference betu'een sales proceeds and their market iwalue at the start of the
year. or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period
of disposal.
Unrealised gains and losses represent the movevnent in market values during the year and are credited or
charged to the Statement of Financial Activities based on the market value at the year end.
Trade debtors
Trade debtors are atnounts due from customers for merchandise sold or services perfornied in the ordinary
course of business.
Trade debiors are recognised inttially ai the transaction price. They are subsequently measured at amortised cost
using the effective interest method, less provision for impairn)eni. A provision for the impaiment of trade
dcbtors is cstablishcd whcn thcrc is objcctivc cvidcncc that thc charity will not bc ablc to collect all amounts duc
a¢¢ording to the original tern￿ of the receivables.
Cash and Cash equii'alents
Cash and cash equii'alents comprise cash on hand and call deposits, and other short-temi highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.
Trade creditors
Trade crcditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an
unconditional right, at the end of the rewrting period, to defer settlement of the creditor for ai least twelve
months after the reporting dale. If there is an uncondilional right to defer settlement for at least twelve months
aft¢r the r¢porting dat¢, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cosl
Using thc cffcclivc intcrcst mcthod.
Fund structure
Unreslricied income funds are general fvnds that are available for use ai the trustees discretion in furtherance of
the obj¢ctives of the charity.
Designaled funds are unrestricted funds set aside for specific purposes at the discretion of the truslees.
Rcstrictcd incomc funds arc ihosc donatcd for usc in a particular arca or for spccific purposcs, thc usc of Trthich
is resiriLted io that area 01 purpose.
Pensions and other post retirement obligations
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable
Lompany's pension sLbeme ale charged to the Staiement of Financial Activities in the petiod to which they
relate.
Page 22

Wokingham United Charities
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
2 Accounting policies (continued)
Financial instruments
C14.$sif￿QÉl0rt
Financial assets and financial liabilities are r¢¢ognised when the charity becomes a party to the contractual
proviSLons of thc iDstrumcnt.
Financial liabilities and equity instruments are classified according to the substance of the contractual
atrangements enleied inio. An equily instrumeni is any coniracl thai evidences a iesidual inleresl in the assets of
the ¢harity after deducting all of its liabilities.
Recognition and mea5uremenl
All financial assets and liabilities are initially measured at trdnsaction price (including trdnsaction costs), except
rur thosc finanLial asscts classified as at fail valuc through profit or 105s. whiLh are iT)itially Ineasured at fail
value (￿.￿l¢h is nornially the Iransaction price excluding transaction costs), unless the arrangement constitutes a
financing transaction. If an atrangement constitutes a financing transaction, the financial asset or financial
liability is measured at the present value of the future payments discounted at a market rate of interest for a
similar dcbt instrutncnt.
Financial assets and liabilities are only offset in the statement of financial position when. and only when there
exists a legally enforceable right to sei off the recognised amounts and the charity intends either to settle on a
net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the
financial assct cxpirc or arc scttlcd, b) thc charity transfcr5 to anothcr party substantially all of thc risks and
rewards of ow)ership of the financial assei, or c) Ihe charity, despiie having retained some, but not all,
significant risks and rcwards of o11￿c[Ship, has transfcrrcd control of thc asscl to aDothcr party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled
01 expiies.
Inve.ftment.s
Investmenis in non-convertible preference shares and non-puttable ordinary or preference shares {where shares
are publicly traded or their fair value is reliably measurable) are measured at fair N'alue ihrough profit or loss.
Where fair value cannot be measured reliably. investments are measured at cost less impairnient.
Invcstmcnts in subsidiarics arc Tncasurcd at C05t Ic5s impairmcnt.
Page 23

Wokingham United Charities
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
3 Income from grants
Restricted
funds
2025
2024
Grants, including capital grants-
Local Government grnnts
725.868
725,868
943,990
725.868
725.868
943.990
Grants received, included in the above, are as follows=
2025
2024
Wokingham Borough Council - Household Support
Wokingham Borough Council - Hardship Alliance
Wokingham Borough Council - Bright Futures
702,952
910,000
31,906
2,084
22,916
725.868
943.990
4 Ineome from eharitable aetivities
Unrestrieted
funds
General
2025
2024
Relief in Need
Almshouse
17,650
190.559
17.650
190,559
186,191
208,209
208,209
IS6,191
Alrnhouse comprises maintenance charge income received from residents.
5 Investment income
Unrestricted funds
Designated
General
2025
2024
Fixed asset investment income
13.619
311.526
325,145
314,104
Page 24

Wokingham United Charities
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
6 Expenditure on raisin% funds
Endowment
funds
Permanent
Unrestricted funds
Designated
General
2025
2024
Invcstmcnt n&wgcrncnt fcc5
Porfolio management
1.760
2.337
40.584
44,681
41.571
7 Expenditure on charitable activities
Grant cost Support eost
(Ilote 9)
(Note 8)
Direct Cost
Totals
Relief in Need
Almshouse
59.618
207.699
1,029,755
25,056
15.324
,114,469
223,023
267.317
1.029,755
40,380
1,337,492
Direct costs. included in the above, as as follows-
Relief in l%e¢d
Almshouse
2025
2024
Staff costs
Rates and water
41,195
145
44,304
2,811
6,552
26.318
1,540
110
86,499
2,956
5,987
27,928
3,768
5,506
6,005
5,500
96,545
14.406
4.534
2,458
109,459
2,814
8,023
18.107
4,539
5,031
28,478
5,241
107,522
11,789
4.581
2,382
449
5.225
Insurances
Light and heat
Tclcphonc
Advenising
Office and sundries
Professional fees
Repairs
Maintenance
Cleaning
Gardening
Security
Depreciation
(565)
1.610
2.228
5.396
3,455
2,750
1,356
706
222
120
2.550
2.750
95,189
13.71
4,312
2.338
5.225
5.225
58,618
207.699
267,317
313,640
Repairs include £50,248 expended from the desi￿ated Cyclical Maintenance Fund and £16.739 from the
designaied Extraordinary Repair Fund.
Page 25

Wokingham United Charities
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
8 Management and goverance costs
Management
Costs
Governance
Total
Relief in Need
Almshouse
16,045
12,091
9,011
3,233
25,056
15,324
28.136
12,244
40.380
Support cost, included in the above, comprise..
Relief in Need
Almshouse
2025
2024
Salaries and other expenses
Miscellaneous cost including
professional fees
Audit lees for audii seryives
Audit fccs for non-audit scrviccs
5,863
5,864
11.727
11,359
10,182
4,942
4,069
6.227
2,220
1,013
16,409
7.162
5,082
21,129
6,998
4.612
25.056
15,324
40,380
44,098
9 Grant-making
Grants to 1115titutions
2025
Grants to indii'iduals
2025
2024
2024
Analysis of grants
Organisalions 36 (2024.. 31)
Essential Itetns 143 (2024= 121)
Lo¢al Welfare Provision O (2024=
30)
Household Support 2650 (2024=
2121)
Bright Futures 21 (2024.. 0)
Bright Futures 9 (2024.. 0}
185,906
224,661
86,229
54,300
11,641
735,620
948,734
16,115
5.885
202,021
224,661
827,734
1,014,675
Grants paid during the year were directed entirely towards individuals and families experiencing hardship, in
cirLumstances whcre no alternative support was available. Support w'as providcd for esscntial physical items
such as household goods, cloihing, and educational nttds. In addition, grants were a￿arded to address issues
including isolation. loneliness. and homelessness.
Page 26

Wokingham United Charities
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
9 Grant-making (continued)
Below are details of material grants made to institutions
2025
2024
Name of institution
All Saints Primary School
ARC
ActiviN'
Rclicf in Nccd
Relief in Need
Relief in Need
Relief in Need
2,162
7.500
1,200
1,932
7,500
Becalm Foundation
Berkshire Community Foundation
Berkshire Healthcare NHS Foundation
Trust
Bohunt School
Camp Mohawk
CLASP
The Cowshed
Crowthorne Churches Together
Edgebarrow School
FinLhampslcad Baptist Church
First Days Children's Charity
The Foresi School
Gorse Ride Junior School
Grazclcy Parochial COE Primary
School
Hawkedon Primary School
The Hawthorns Primary School
Headway Thames Valley
Highwood Primary School
Thc Holt School
Home-srart Wokingharn District
Kaleidoscopic UK
Kccp Hatch Prin]ary School
The Link Visiting Scheme
Maiden Erlegh School
National Youth Advocacy Service
NiT]e Mile Ride Primary School
(hir Community First
PACT
Polehampton Junior School
Power of Parenting
Promise Inclusion
Remap
RenoN'a Trust
i 10,000
Relief in Need
2.500
410
Rclicf in Nccd
Relief in Need
Relief in Need
Relief in Need
Relief in Need
Relief in Need
Rclief in Nced
Relief in Need
Relief in Need
Relief in Need
6,400
7,651
23,200
1,255
2,000
2,000
946
245
2,000
5,967
17,230
2,000
500
3,395
Relief in Need
150
3,464
500
Relief in Need
Relief in Need
468
Relief in Need
Relief in Need
Rclicf IT] Nccd
Relief in Need
Relief in Need
Rclicf in Nccd
Relief in Need
Relief in Need
Relief in Need
Rclicf in Nccd
Relief in Need
Relief in Need
Relief in Nttd
Relief in Need
1.500
loo
651
20,000
2,000
3,190
2,000
125
3.300
2.000
9,670
2,000
i 0,000
200
5,000
Relief in Need
Relief in Need
Rclief in Need
5,000
1.000
15,000
1,538
Robert Piggott School
Relief in Need
Page 27

Wokingham United Charities
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
9 Grant-making (Continued)
Share Wokingham
Relief in Need
Shinfield St Mary's CE Junior School Relief in Need
St Nicolas Church of England Primary
School
St Scbastian's Parcnt Tcachcr
Association
The Rotary Club of Wokingham
T￿f0rd Comets FC
Tyford, Wargarve & District
Voluntecr Ccntre
Walter Infant School
Whileknights Primary School
Winnersh Primary School
Wokingham Baptist c￿l￿Ch
Wokinghan Borough Charities
Wokn'ngham and DistriLt Citizens
Advice Bureau
Wokingham Borough Council Duke of
Edinburgh
Wokingham Job Suppon Centre
The Wokingham Lions
WokiT)gham Withoul Mcn's Shcd
Woodley CofE Primary School
Yeldhall Manor
i 0,000
3,000
Relief in Need
950
245
Relief in Need
6,000
Relief in Need
Relief in Need
500
500
Relief in Need
1,000
Relief in Need
Relief in Need
Relief in Need
Relief in Need
Relief in Need
520
2,108
250
1,400
1,307
Relief in Need
61,308
25,290
Relief in Need
400
Relief in Need
Relief in Need
Rclicf in Nccd
Relief in Need
Relief in Need
5,000
1,000
5.000
1.950
1,920
185
224,661
202,021
10 Net inCOmiDgloutgoing resources
Net outgoing resources for the year include:
2025
2024
Auditors, remuneration for audit services
Auditors, remuneration for non-audit services
{Profit)/loss on disposal of investments
Depreciation of fixed assets
7,162
5,082
(114,260)
5.225
6,998
4,612
8,140
5.225
Page 28

Wokingham United Charities
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
I l Trustees remuneration and expenses
Tru5tees' remuneration
No trustees, nor any persons connected with them, have received any remuneration from the charity during the
ycai.
Trustees, expenses
ThcTC wcrc no cxpcnscs paid to trustccs (2024: £1:007) during thc ycar.
12 Staff costs
2025
2024
Wages and salaries
Social security costs
Other pension costs
92,511
2,622
3.093
13.971
4,452
2,395
98,226
120,818
The monthly aireraiye number of perwns (includtng management) employed by the charity during the year
expressed as full time equivalents was as follows=
2025
2024
Number
Number
Full lime
Part time
No employee received emoluments of more than £60.000 during the year.
The total iernuneration (incuding pension benefits) of key management personnel of the charity were £40,733
(2024 - £38,810).
Page 29

Wokingham United Charities
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
13 Tangible fixed assets
Land alld
buildings
Furniture and
equipmenl
Total
Cost
At l April 2024
258,870
240
259,110
At 31 March 2025
258,870
240
259,110
Depreciation
At l April 2024
C"harge for the year
82.955
5.177
82,955
5,225
48
At 31 Mawh 2025
88.132
48
88,180
Net book value
At 31 March 2025
170,738
192
170,930
At 31 MarLh 2024
175.915
240
176,155
All tangible fixed assets are used for activities in either the furthcrance or swpport of the charity's objects.
14 Fixed asset investments
31 March
31 March
2024
Shares in group undertakings
Listed investtncnts and managed cash deposits
12,555,217
12,645,932
12,555,218
12,645,933
Shares in group undertaking5
Shares in group undertakings comprise IOO/o interest in Ihe issued ordinary share capital of WUC Land
Management Limited. a property management company registered in England and Wales.
Page 30

Wokingham United Charities
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
14 Fixed asset investments {¢ontinlled)
Listed investments
Listed
iniestments
Managed cash
deposits
Total
Cos¢ or Valuation
At l April 2024
Revaluation
Additions
Disposals
12,475,696
(177,616)
2,198,195
(2.143,952)
170,236 12,645.932
(177,616)
2,230,853
{2.143,952)
32,658
At 31 March 2025
12,352,323
202,894 12,555,217
Net book value
At 31 March 2025
12,352.323
202,894 12,555,217
At 31 Mar¢h 2024
12,475,696
170,236 12.645,932
The market value of the listed investments al 31 March 2025 was £12,352,32312024- £12,475.696).
The historic cost of the listed investments at 31 March 2024 £1 1,189,130 (2024= £11,083,051)-
Analysis of listed investments:
31 March
2025
31 March
2024
UK Bonds
Overseas Bonds
UK Equities
North American Equities
F.uropean F.quities
Japancsc Equitics
Developed Asia ex Japan Equities
Emerging Market Equities
Global Inv"estmcnts
Absolute Return
571,000
1.013.391
1,654,899
3,178,452
429,731
286,827
588.955
100,641
3.464.636
88,594
244,509
206,853
246,091
199,964
77,780
562,799
914,404
1,753,741
3,008,850
523,965
264,878
546.439
91,621
3,720.698
84.481
254,808
251,162
271,266
101,763
124,820
Property
Private Equity
Other Investments
Commodities
Cash Products
12,352,323
12,475,695
Page31

Wokingham United Charities
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
14 Fixed asset investments {¢ontinlled)
Investments forniing more tlwi 5 % of tbe total portfolio value:
31 March
2025
31 March
2024
COIF Charities Global Equity Income Fund
Fidelity US Quality Income UCITS ETF- GBP Income Class
3,096.350
674,928
3,296,610
3,771,278
3,296,610
15 Debtors
31 March
2025
31 Lllarch
2024
Trade debtors
Due from group undertakings
Other debtors
Prepayments and accrued income
5.030
1,507
502
792
19,523
56,081
61,111
22,324
16 Creditors: amounts falling due ￿￿thIn one l'ear
31 March
2025
31 Mareh
2024
Trade creditors
Ac¢ruals
77.664
54.217
34.331
29,841
131,881
64,172
17 Contingent assets
A cash deposit is held in trust by Wokingham Borough Council on behalf of the Charity as a security for the
Charity's obligation for thc ongoing maintcnancc of local Suilablc Altcrnatii'c Natural Grccn Spacc (SANG)
land. This contin¥enl asset is noi recognised in ihe Charitgs accounts due to the long (emi nature of the
obligation and uncertainty of re¢overing the deposit.
The toial value of contingent assets is £572,676.
18 Contingent liabilities
As at thc balancc shcct datc, thc charity had authoriscd grants for paymcnt in thc ncxt financial ycar of £30,000
(2024: £28.500).
Page 32

Wokingham United Charities
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
19 Related part). tran5a¢tion5
During the yeaT the charity made the following relaied party transactions:
R Margetts
R Margetts, a trustee of the charity, also serves as a Councillor for Wokingham Borough Council. During the
ycar, thc charity rcccivcd grant5 totalling £725,868 (2024.. £94J,990) from Wokingham Borough Council in
support of ils Relief in Need activities.
K Hadfield
K Hadfield, a trustee of the charity, is also associated with ARC. During the year. the Charity awarded a grant of
£7,500 {2024= £15.000) lo ARC.
D Morrison
D Morrison, a trustee of the charity, is also associaied with CLASP. During the year, the charity awarded a grant
of £7,651 {2024= £1,255) to CLASP.
K McGill
K Mc(will, a trustec of the chaTity, is also associated with Homestart Wokingham. During the year, the charity
awarded a grant of £20,000 to Homestan Wokingham.
Page 33

Wokingham United Charities
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
20 Funds
Other
recognised Balance
gains
at31
and
March
(losses)
2025
Balance
atl
April Incoming Resources
2024 resources expended Transfers
Unrestricted funds
General
Rclicf in Need
Aln]shouse
601,318
201.063
319.598 {334.481) (30,373) 156,615
712,677
200.137 (156.568)
{2.880)
11,181) 240.571
519,735 (491,049) {33,253) 155.434
953,248
802.381
Designated
Cyclical Maintenance
Extraordinary Repair
100.265
221.498
4,751
8.868
(50,862)
(17,885)
40.229
{i.960)
(549)
380
93,834
206,901
321.763
13,619
168,747)
34.269
(169} 300,735
Total unrestrieted funds
1.124.144
533.354 {559.796)
1.016
155,265 1,253,983
Restricted funds
Household Support Fund
Bright Trutures Trund
67.541
2.084
702,952 (757,253)
22.916
(24.500)
(1,016)
12,224
500
69,625
725,868 (781,753)
(1,016)
12,724
Endowment funds
Permanent
Relief in Need Endownenl Fund 11,373,090
Almshouse Endowment Fund
376.086
(38,791)
(1.793)
(220,683) 11,113,616
2,062
376.355
,749.176
{40,584}
(218,621} 11,489,971
Total funds
12,942,945 1,259.222 (1,382,133)
(63,356) 12,756,678
Page 34

Wokingham United Charities
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
20 Funds (continued)
Other
recognised Balance
gains
at31
and
March
(losses)
2024
Balance
atl
April Incoming Resources
2023 resources expended Transfers
Unrestricted funds
General
Relief in Need
Almshouse
620.568
185,249
294,623 {349.755)
205,672 (145,836) (52,360)
3).882
8,338
601.318
201,063
805.817
500.295 (495.591) {52.360)
44,220
802,381
De.fignatÉd
Cyclical Maintenance
Extraordinary Repair
124,808
188.286
(67,556)
(4.454)
33,096
19,2
9,917
18,402
100,265
221,498
313,094
(72,010)
52.360
28,319
321,763
Total unrestrieted funds
1,118,911
500,295 (567,601)
72,539 1,124,144
Restricted funds
Local Welfare Provision Fund
Hardship Alliance Fund
Houschold Support Fund
Bright Futures Fund
11.681
{553)
147,352
(11,681)
31.906
(31,353)
910,OIM) (989,811)
2.084
67,541
2,084
158.480
943.990 (1,032,845)
69,625
Endowment funds
Permanent
Rclicf in Nccd Endoi￿ncnl Fund 10.466,834
Almshouse Endowment Fund
348,662
(36.508)
(1,691)
942,764 11,373.090
29,115
376,086
10.815.496
{38.199)
971.879 11,749.176
Total funds
12,092,887 1.444,285 (1.638,(A5)
1,044,418 12,942,945
Page 35

Wokingham United Charities
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
20 Funds (continued)
General funds
General fiLnds are available for the furtberdnce of the charity's objectives as follows:
Almshouse Fund - funds for the provision of almshouses in Wokinghain.
. Relief in Need Fund - funds for the making of gwants for those in nttd. hanlship or distress.
Designated fulld5
Funds have been set aside for specific purposes by the trnstees as follows-
Cyclical Maintenance Fund - funds for almshouse repairs recurring a¢ infrequent but regular intervals.
. Extraordinary Repair Fund - fimds for n]ajor"one-OtT' almshouse repairs and improvements.
Restricted funds
Funds with rcstrictcd purposcs aTC as follows:
Local Welfare Provision Trund - funds foT the proi'ision of critical short-ierni help and assistance with limited
one-off household goods.
Household Support Fund - funds for the provision of fjnancial support for food and fuel to those in need in
Wokingham.
Hardship Alliance Fund - funds to ta¢kle poverty in Wokingham Borough.
Bright Futures Fund
funds to empower children from low-income households through enriching
extracurricular experiences
Permanent endoivmen¢ funds
Thcsc arc thc capital funds rcccivcd by various prcdcccs50r charitics, whcrc thcrc is no powcr to convcrt this
into income.
Transfers between funds
Transfers are made to the designated almshouse repair funds based upon the guidelines issued by the National
AIn￿'houSe Assuciation.
t)uring the year £5,960 (2024.. £19.264) M'as transferred to the Extraordinary Repair Fund from the general
Almshouse Fund and £40,229 (2024: £33,096) M'as transferred from the Cyclical Maintenance Fund from the
gcncral Almshousc Fund.
Page 36

Wokingham United Charities
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
21 Analysis of net assets behveen funds
Total fund5
at31
March
Endowment
funds
Permanent
Unrestricted fund5
General
Designated
Restricted
funds
2025
Tangible fixed assets
Fixed asset ini'eslments
Current assets
Current liabilities
170.930
7)3.665
126,785
{98,132)
170.930
12,555,218
162.411
{131,881)
301,192
11,500,361
35,626
(22.902)
(457)
(10.390)
Total net assets
953.248
300.735
12.724
11.489,971
12,756,678
Total funds
at31
Mareh
2024
Endowment
funds
Permanenl
Unrtstricted funds
General
Designaled
Restrieted
funds
Tangible fixed assets
Fixed asset investments
Cu￿¢llt asscls
Current liabilities
146.797
626.808
78.698
{49,922)
29.358
292.862
176,155
12,645,933
185,029
(64.172)
11.726,263
33,302
(10.389)
73,029
{3,404)
(457)
Total net assets
802.381
321.763
69.625
11.749,176
12,942,945
Page37