Haineswatts Wivenhoe Housing Trust (WHT) Financial Statements For the Year Ended 31 December 2023 Registered Charily No: 1157022 haineswatts.co.uk WIVENHOE HOUSINGTRUSTIWHT) CONTENTS OF THE FINANCIALsfATEMEK FOR THEYEIA ENDED 31 DECEMBER 2023 R•port of th¢Trystees I to 3 Ihdty•rtd•rf Exwmlner's Report ststam•)t ol Rn•nctsl Actlvttl•s B¥lwn¢eSheet No¢•sto the Fln•n¢l•l St•t•m•nts 7 to 16 Oet•lled Stst•m•nt of Flnind•lArtl¥lt 17 WIVENHIX HOUSINGTRusr (WMI) REPOATOFTHE TRUSTEES FOR THE YEAR ENDED 31 OECEMBÉR2023 The Trustees present their rewrt al¢)ng with the fina￿la1 statements of the tharity ft*thE year ended 31 December 2023. The trustees have adopted the Proll￿onS of the Statement of RetommeNJed PractKe ISORPI °Ac(ounts"ng nd Reporbng ￿ Charitles. In preparingthe annual reFtrt and fina￿181 staranentsof thedwrity. finandal statements have been prepared In wlth tr* accw)tirrf PLqKie5 set ovt in Mtes to the accounts on page$ 7, 8 and 9 and crrnpty with the charfV$ 8(Tweming document, the Charitie5 Act 2011 and Accounting and Reportlng Charits￿ Statement of Rects￿mended Practice app&cable to chaiiiies preparlng the accounts in accordance the ￿na￿la1 Reporw St*wJard appucthe In the UK Reputdk of Irdand putyithed in October 2019. OBJEcfrrfés AND AcnbTnES Obletd¥esand atrns The obFett5 ofthe Charity are: l. the provision of aknshouses for be￿fio￿leS T*ho ye rewdEnt in the area of benefit defined as th* Parish of VAvenhoe in¢ludinB that area previou￿Y1￿ thelncient P?￿h dvfwenhoe in the fokn*fjnR wder of priority. unmarried women or wid(fi￿. with pYefeTerKe8ivan to tr**fvldM ofse•nen aThJthose aged oNv60. ill men or couples of penlLtr)able ¥e- 2. such ¢haritable purpo5eSfc¥ts￿ Ixnefit of the residents as theTru5tee5dec1￿. 3. relief in need in the area of benefit in ac¢¢xdan¢e with fdl¢Mirg: i the Trustees mayrdieve persons Whoa￿ ￿ need. h￿d$￿p w distress ljr. . makiw 8rants0fm0￿Y1Oth￿.' or b. wo¥Adln8 or p3Wn8 fLY gl￿d% sthces Lytsdlttlesfortt*n: or makin8 grants of to Pers￿ d t#)d*s Th4K> W0￿de 8¢>)d¥ seThi¢es ty f•¢l&tles to those in need. ill in exceptIc￿al ases the Trustees may d￿l￿e to ￿$t s<￿e(W ￿￿er tlis dause (WI￿ is othemse qualifiedl who ￿ resident out%de of. oronly twnp*yarltyregdent ir4 the area of benefft. AppN¢atlon of In¢ome The net incorne shall be appr￿d fvst to repair, inyxe and mEet al other in rewct of the Charitys properties and all proper costs ol the Charitys adm1rD$trtN￿ and rnaDageM￿t. Thweafter net IrKome shall be applied fwthe be￿01th¢a￿SPeOp￿ oftr* (Iwity. Artmtks The Charity cwrenty provides thirteen aknshou5e arKI its is to ubltse these as far as P￿ble to meèt the objectives ofthe Charity. Publlcbenefft These actiwlies are considered lo be the puilic I￿efft in nmThng the (haritytheTrustees have regard for the tharityCommissiLW18wdance on t•*fiL ACHIEVEMENT AND PÉRFORMAN Charjtable attlvlttes As ahvays. the trn￿teeS continue to be COr￿emed for the *EWare of beneftiaries and maintain a regular In￿1Vernent vthh them to make that the prokwUEs In thlr we are of a gorjd standard. There have bEen no major Issues In the last flnandal year wlth ￿1¥mInort￿40rks1r1¥C4VIry heating plLtmtr*ng in¥dbing ithsets of almshous¢* An addl￿waI sea￿ty Iltht. m(wement typ. wa5 rrtted at the Mwy Ann Sarftrd almshouses at the requestof a resldert. Flnznclal posttk)n The Charity'sfir*ndal posltlon Is as setart Inthe Ba￿￿￿ on ￿ 6aThl IS¢ry￿ld￿r¢d ￿1$f￿￿ry. WIVENNIX H(WSIN6 TRusf (WHn REPORT (￿THETRU5rEEs FOR YHE YENR E140ED 31 OÉCEMBUt 2023 FINANCIAL REVIEW Resewve5 poJt¢y Charitys policy on reserbls Is io mawtsin Sufficient reserves to e￿We the Charlty io conihwe to athieve Its prlnclpl objecli FUTUAE PLANS Durfn8 the year, the trustees became wre th￿ •n 8 aue fiold tow¥ds the top ol w1b￿h0¢ had 5dd to 4 developer after outline plannlng comeni had been obt4r*d at thE end of 2023 from Cc4chester Council by the alent acltn8 for the owner. The ￿$￿Ilkan¢t bs that the Trust wll recep4e a plot of larrft for the bulthn8 of addition¥ almshouses. In 2024 the trustees wil be wcrknng cffl detailed plans for these nv4 homes and obtalnlng plannlw ¢ons•nilorth&%n. The trustee5 hope that the site be reJdytritr•"rc(rtnKYw InSprthA 2025. Govvnln8dowm4nt The Charty 1$ 8V4erned In acttYd•nce *ith a tOn#ttullon thted 9 May 2014 a5 ameThled ￿ 18 Ortober 2019 and 4 NovembEr 2019. Re¢Th￿￿ent and ¥ppolntrn•t of nwtnutms As v•cancle5 for Trustees ar15¢ •WIca￿on5 a￿ sw frcth caThlidotes kntrwn to tht Tntsites Ind oth suStable local people. Appllcants are then conswered ty the Twstees and appolntments made by resolutlon of th• TruJtee$. The W￿t￿hoe Houslni Trust t¢%￿1￿￿￿$ wlth a 9 m•mbw tmrd of tAo el¥e thdf thne on • ￿U￿tary ￿915 and a ￿rt-rfrne aerk who lor ts charlty ￿ a sdf-eMpl￿￿d bas1& She hand￿$ am of the •dmlnlstr•Uv• Inductton •nd tralntr)ioln•w¢rurt• NewTrustees¥re brlefed Ch•kni•n and the e￿$tInITn￿t¢es on the N5tory Ind actkkn1t￿ ofthe thirfty. They are wtr4ided ¥Ath a Cokw of tht Charity ccfflnW￿QN pthli¢•1Son Yh• EMenii•l Trustee" detsilln8 their respon￿bIlItIeS and W0￿dIng guld•rKe belnl • Trustee. New TfUSt••s ¥e T*lth • copy of the Ch•rlty ind the l•test K¢ounts. R•knt•d p•rtl There are no other tharfji*s rel*ed w tr* Wiwntrrf>e Trust IWHT). Th* aèrk to the Ch•rlty Is •150 Clerk to other alrnshouse Rlsk nwn•i•m•)t The irumees hive • duty to thntlfy reblew the rtsks to ¥thkh the dMIity Is •wed •Ni to ensure apPro￿at• controls are In Fl•ce ioprv41de rea￿￿•ble ¥swr4nce a8kn1 fraud and errw. REFERENCE AND ADMJNISTRATIVE ￿TAK$ Rqtster•d Chrltynumbqr IIS7022 nttpil addro 16 Colchester Road venhoe E55ex C07 9EU WIVENHOE HOUSING TRUST IWHTI AÉPORT OFTHE TRUThES FOR THE YENR ENDED 31 DECEMBER 2023 REFERENCE AND ADMINISTRATIVE DETAILS Ms Sscott s O Tawor Ms G Sleightholm alr K Read Iresl8ned 11/11241 Rfltchener C Kelfy CAndrews P HIII (chalm￿nI R Neve R Needharn 1￿ce-￿alm￿aTr) Indwendont Examlner Mellnda Simpson Chartered Accountant Haine5 Watts Town Wall House Balkerne Hill Colthester Essex C03 3AD Anthonycollinssolicltors LLP 134. Edrnund Street Bifmingham B3 2ES Banker5 Ltoyds TSB plt 27 HSgh Street Colthester Essex COI IDU aérkto thecharfty Mrs Melissa Hill 42 8raisw4tk Colche5teT C04 SAX Apprryded by order of the board of trtsstees on Iojuly 2024 and 4ned on lis be￿lf bv: Trustee INDEPE14DENTEXAMINER'S REPORTTO THETRusfEES OF WIVENHOE HOUSING Trusr I￿) Indep•￿ent •Mamlner% report tothetrustee5 of WIVe￿Oe Hou$ln8Tn*t (WMTI I report to the charfty trustees on rny examlnatSon of the accounts of Wivenhoe Housing Trust IWHll (the Trust) for the year ended 31 De￿rnber 2023. Respon$fallllles ènd ba￿$ of r•port A5 the thartty trustees of the Tiust you are respoThslble for th• prepa(a￿¢￿I of the accounts xcordarKe the requIr￿￿Trts of the Charltses Act 2011 l*he Att'l. I r•port in respect d my exarnlnatlon d the TrL*St¥ accounts carrled out under se￿0￿ 145 of the Act and In carrylng out my exaMIna￿on I ha￿ followed •ll appll¢able DlrKUon$ 8lven tythe Chadty Commlsslon under Settlon 145ISllbl of the ACL Indep•ndent exomlner¥ st•tsment I have completed my examlnatlon. I conflrm that rbo materlal rnatter5 have c￿¢ to my attentlon In Connec￿0￿ the ey2mln•don qlvln8me cause to belleve that In •nymaterlal respect: attouThtln8 recordsw&e not kept In respect of the Twst as requlred ty Stttlan 130 olthe A¢L' or the accounts do not a￿ord ￿4th those reccrd5', or the accounts do not cornply wlth the appllcable requlrements Col￿er￿1n# thtfom and contertt of accounts set out ln the Charfiles IA¢¢ounts and Reportsl Re8ulatlon$ 2C#)8 other th4n any requlrBmEnt thai th• •ccounts Ive a true and falr ￿eW whlch15 not a matterconsldered 15 Part of an Indtpendent examlnatlon. I have no tonteins and have tome across nD Other matters In connectlon wlth the e¥amlnatlon to whlth attentloTh should be drawn In thls report In order to enable a proper underst•ndln8 of the account5 to be reJched. Mellnda %mFlSOn thartered Account•nt Hilnes Watts rown Wall Hou Balkerne Hlll Colthe5ter E5MX C03 3AD 11 July 2024 WIvENHc￿ HOUSING TrUST (IVHTI STATEMEtIT OF FINANaALAcnviTIES FOR IHÉYEAR ENDED 31 DECEMBER 2023 2023 Total funds 2022 Total fund5 UnreArltted funds Restrfcted fvjnd End0¥￿ent fund5 Notes INCOME AND ÉNDOWMENTS FROM Charttablfr attlvlttqi mshou5e actwity 84,147 84.147 75,759 Investment Income 11.994 1151 T¢)tsl EXPENDITURE OP4 th•rtt•bl* •rtlvltles mshouse actfvlty Rellef In N•*d 36052 37.69S 607 64229 1,317 T¢*al 36152 38.302 59,229 S8,379 14,Y64 N•t8alnslllou•sl on Inve$tments 19,375 4,2981 NEf INCOMEIILYPENDrruREI 18501 4516 77,754 10.066 llsf•rs b•tw•en lunth 14 115(K>l 2,500 oiher r•coDI￿d plnsllloswl G8ln5 on rovaluatl¢Jn of flx•d assets 374 90 374 298 N•t mo¥amqnt In fvnth 3W14 4SI,052 314562 RECONCILIATION OF FUNDS Total funds brought foFward 491,657 2201,096 17W736 2,392,174 TOTAL FUNDS CARRLEO FORWARD L58L910 2,708,736 CONTINUJNG OPERATIONS All Inc(me and expendlture has arlsen from contsnulni act￿ltIes. The note5 form part of theseflnandal statemwbts WIVEt4HOE HOUgNGTRUSTlwMn BALANts SHEÉr 31 DECEMBER 2023 21)22 Totsl funds Unrestrlcted funds Restrlrted fund Endowmert lunds Total funds Notes FIXEOASSETS Tangible assets Investments io li 1454884 2.454W 1080.586 127.026 45L613 367,161 367.164 i￿0 1949,074 2532,199 IRRENT ASSETS Debtors C35h at bank 12 53,595 149.201 2S 17.608 53.620 3.482 18S.6S9 202.796 17.633 220.429 189,141 CREDITORS rnounts fallingdue ￿h6n one i&n51 18.7151 III6041 CU1W1￿ ASSETS 21L714 176,537 TOTALASSEfsLESS CURRENT UABILITIES S61245 17.633 158L910 a,￿0.788 2.708,736 NET A5SErs 561245 17,633 2.584910 3.160,788 2.708,7 FUNDS Unre5trkted funds Resiricted hjnds Endowrnent funds 14 S61,Z45 17.633 1581.910 491,6S7 15,983 2201,(P36 TOTALFUNDS 160.788 2,7￿736 The financial statements were approved by the Board of Trustees and a￿horI$ed issue on 10 July 2024 and were Signed on Its behalf bv: p Fuii Trustee R Needham Trustee The notesfomi partoltheseflnandal statements WIVENHOE HOU51NGTRUST (WHn NOTESTO IHE FINANCtALSTATEMENTS FOR THE YE￿ ENDED 31 DE(fMBER 2023 TRANSFER OF ENGAGEMENT5 The Wivenhoe Houslng Trust was lorrned io 8dmlrdster the charitles prevlously known as the Jonath¥n Feedham Charlty and the Mary Ann Sanford's A¢mshouse a)arlty. The transfer took effert on 20 D￿rnb￿ 2CQI and ihe resefves, assets and Nabilltles of those charftfjes have been adopted at the values shown In thelT accounts ￿ 19 Oecember 2001. On 8 February 2015 thè ad¥ltJes, assets and llabll1￿es of The Vthnhoe Houslng Twst (Charlty Regb5tratlon Nurnber 1090S781 were transferred to thls Char6ty. A¢COUNnNG pouaEs B•sts ol pr¢yrf￿th• flnan¢JJl sl¥t•ments The Ilnanclal ststements of the £hJrlty, whlch 15 a publk benefft enljty undèr FRS 102, hwe bmn prepared In aitordance w61h the Charlt(es 50RP IFRS 1021 'kcountlng and Reportln8 by Charltle$.' 5t•tement of Recrynmended Praclce appllcable to tharltles weparlrw thelr accounts In accord￿Ce whh the Flnandal Aeportfjn8 Standard appllcable In the UK and Republlc of Ireland IFAS 1021 le￿¢￿¥* l January 20191,. Flnanclal Reportlng Standard 102 Thè Flnanclal R•p¢YtI￿ Standard appllcable In the UK and Republlc of Ireland, and the Charltles Act 2011. The flnanclil statements hwe been prep8red underthe h151wlcal tost convent10￿ ￿1th the exceptlon that housln8 propertles are Included at valuation •nd Investments whlch irt Induded at market lue. Fund Bccountl Unfestrlcted funds can be us•d In a(tordinc• vlth the chwltlble oblert4ve5 at the d5suetlon of th• tru51ees, Deslgnated funds are unrestrfcted funds of the ¢harlty whlch the trustees ha¥* declded at thelr dlKretlon to s*t aslde to ust lor i speclflt purpose. Restrfcted funds can only be used for pèrtlcular restrf¢ted purpose5 wlthln the oblects of the charlty. Re5trfctlons •rtse when speclfled by the donor or when funds are ralsed lor pirtlcul•r remrfcted purposes. Permanent endowment funds are rnrtoxpendab￿ funds whlch art nomillv held thdefinltely. Further e¥lanatlon of the niture and wrpose ol eath fund Is Included In the notes to the flnandal statemènts. Golry con¢•m The accounts are prepjred on ¥ 8oln8 concern basls •8 there are no miterfal wKertalnUes Jljout the Charlty, Bblllty ¢0 contlnue. In¢ome All Income Is rnw8nlsed In the Statement of Flnanclal kuvltles wce t￿ charfty has entitlemffit to the lund8 It15 probable thi the Incorne wlll be rtte5ved and the •mourt can be m•asured rellJbly. lft¢ome from governmeni and other grant4 whether 'ca￿￿1. grants or 're¥enue' Ir•nty Is reco8ntsed when the Charlty has enlltlement to the lund4 ary performance £ondltlon5 attack￿ to the 8r¥nts have beEn me¢ It 15 probable thatthe Income wlll be recelved arbd the amount can be m•asured rellabty and Is not deferred. For legacles. entltlement15 tsken as the earller of date on whlch elther.. the a)arlty Is aware that probate has been Rrnnted, the estjte has tseen finjllsed and notSficatlon has been made by the executorl51 to the Chailtythjt a distributlon wlll be made. or when a dstrlbutlon Is recelved from the estate. Donatlons and other Voluntary Income are refflected In the accounts for the perlod in whith they are retelved. DoThations In *lnd are recognlsed by the Cha￿ty when reteNed except141 the case of Se￿Ice5 provlded free c undervalue by volurtarystaff or others whlth arè not rellerted in the accounts. WIVENHOE HOUSINGTRUST IWHT NOTES TOIHE FINANCIALSTATEMENTS-urttnued FOR THE YEAR ÉNDÉD 31 DECEM&ER 2023 ACCOU14nNG pOuaES-￿ntlnUed Interest rele￿d Interest cffj funds hejd on deposlt ts Included when recefvaklè and the amount can be measured rlllabty by th• Charlty,. thls Is rbomially vpon notification of the Interest pald or payable by the Bank Expendtturo UablllUes are reco8nl$ed as expenditure as s¢on as theft Is a legal or consrructlve obll8afjon commlttin8 the tharlty to that expendlture, It 15 probable that a transfer of economlt beneffits ￿11 be requlred In settlement and the amount of the obl*ation can be measur•d rellaldy. Expenditure15 accounted for on an accruals ba￿$ and has bEen da5slfled under he8din8S that aggre8•te all cost related to the cateiory. Where costs cannot be dlredly attrlbuted to partlcular headln8s they have been allocaied to artlv(Ites on a Iiasls tonslstent wlth the of résourcès. A•palrs and mèlnten•nceaf propwtl•i The charyes In the Staternent of Flnanclal A¢tMtles In respert ol Cycllcal maIntenan￿ and Extraordlnary Repalrs reflect the Trustees. COr￿tant concern to keep tht propertles In 8ood condltlon, and are In ¥cordance wlth th• ￿m$hOUSe Assodatlens, recomrnendatlon that Almshouse Charftle5 Should set aslde e¥th year spe¢lfic sums In th1$ respect. Transfers Jre made from the General Fund each ye•r to the Extriordlnary Aepalr Fund to cover extraordlnary reylrs as they ar15e and to the CydI￿1 MalnteThanc• Fund to cover repalrs whlth arlse on a tytlltal basls. Support ¢o•ts The Charlty's governance costs are allL*ated éntliety to Almshouse C05t5 slThc• support £osts relatsni to other IctM￿e$ are consldered Immalerll. Gr•nts offeréd wblert to condltlons whlch hav* not been mrt at the yev end date are noted commltment but not iccrned as txpendltur•. Tin8lbl• fv•d •ss•ts Housln8 Propertl The housSn8 wopertles •r• Included In the •¢counts ai thelr Insuranc• r•ln5t•t￿ent value. Addllon$ after e•¢h revaluatlcn are Included at cost untll afurther re￿1vI￿on. The housln8 prope￿e$ are n¢X deprttl•ted Js revaluatlons are perfomied ￿th sufficlert re8ularfty to ensure that the ￿￿￿n8¥mOunts are not materlallyml55tated. The cost of refurb15hrnert and Impro¥ements to the ex15tlnB property are wrltten olf to General Fund is ncurred. Arry malor Improvéments or eXten￿on$ to the property are capltallsed. Imi•strnents Imiestments ar• sho*m an the 6•l•nce Sheet at thdr market value. Ch¥n8es In market Values durlng pn accountlng perl*Jd are reflected In the accounts as unr*allsed galns or losses. Upon dlsp95al of an Investment the dwference be￿eeTh orlglnal cosi and dIspo￿l woceeds Is reflected In the accounts as a reallsed 8aln or loss and an adlustment Is made to unieallsed 84lns or losses to reverse unreallsed movements In value In •arlleryears. Debtors Contrlbutlon5 and other debtots aré retO8nlsed at the setuement amoynt due. Prepawnents are valued at the mouDt prep3W netof anytrade dlstounts du•. WIvENHc￿ HOUSIN6TRUST (Wlffj FOR THE YE￿ ENDED 31 OÉCÉM8ÈR 2023 C¥sh rt b•nk Cash at bank and cath In harnl Sndudes cash and temi htghtylIq￿d Irwe5ts￿rts*rfth a shwt maturfty of three mfthths trless fr¢)rn the date of acwisition 4Y ¢)pen&yof the dep￿tt or slmilaraccounL Credltc¢s and prtylslons are recr4nised wthere the C￿rity a present oL4iiation resulbW from a past event that wlll yobably In the transfer of funds to • thkd party and the amount thje to settle the oblloatlon be rnea5ured or estimated rdial*. Creditors *bd prmrfskns are nonnally reco8n15•d at thur 5ettlemeni arnowit after ¥lry*lng fLY abv lrnde d15uwntsduE. T•xatlon Thetharlty Is ex•mofrc•n th)11s ch¥ltak4••thttle& INVESTMÉNT IMCOME 2022 Ch¥llund Incthme th¥*lends CCHF d*po￿t account Intsrost 6.626 $34 8,151 INCOME FROM LIIAAifAILe Acn¥rnts 2022 mshouse atthlty Contrtt>utlorbsrecehble Lossesfrarn vaund•s 84147 81,317 5,5581 147 t¥rect C05ts1see note 61 Gr*1 fvndin8 of Support c(&ts1see note 71 Totals mshous• xtfv5ty Relelln Ne•d 37,695 WIVENH¢X HIXISING Trusr (YM) NOTESTO IHE FtN**4CIALSTATEMElffS. ¢(4rt1 FOR TH£vE￿I EN￿D31DEC￿MB￿13023 2022 Vacant propertycoAs Water¢har8es Insuran U8ht and heat Repairs and malnten¥Ke Cyclical repalrs Extr￿￿1￿￿1 rewlrs Girdenl Carellne Sundry exper4es Bèd debts sio 2,537 1,451 5,707 12,111 2,345 30,313 2.300 1.087 1&815 843 343 396 Govemante costs Man4ernert Totals Jm5how 10.087 Support costy Indthled kn the abo￿, ar* as Idl¢)ws: 2022 A1rn5hou4 lJmslK+US• Trustees. rwnuneratk>netc Clerk lees Subsuiptions IndÈFendent examlnauon le•$ A￿ntsr￿V lees 6.728 222 222 2,178 303 2A6 -1 WIVENNOE H￿SING TRUST (WHT) IIOTESTO YME F1fr4A14CIALSTATEMENTS. contknued FOR THE YEAR ENDED 31 DECEMBER 2023 TRUSTEES. REMUNERATI¢JN AND BENEFITS There were no trustees. remuneratlon or at￿r beneflts forthe year ended 31 Oecember2023 nor fcf the year ended 31 December 2022. Truste95' e¥enses Peter Hlll was relmbursed travel and subslsterKe exFense5 of É134 durlno the year ended 310e¢ember 2023 IEnll. 20221. There were no other trustees, expenses pald for the year ended 310ecember 2023 [￿rfLY the vearended 31 December 2022. COMPARATIVES FOR THE STATEMENTOF FINANaAL AcrnimES Unrestrlcled fvnds Re5trlcted fund Endowment fvnds Total fund5 INCOME AND ENDOWMENTS FROM tharttable •ctl¥kl Almsh¢xtst o¢tlvlty 75,759 75,7S9 Irbvestment Income Tot•1 ÉXPE14DtfuRE ON th•rlt4bl• •rtl¥ltl A1rn5hou5e actlvlty Rellel In Need 67,142 1,087 64229 Totsl 16,363 IL9991 14,364 Net 8alnslllosses1 ￿ In￿stMents NEf INCOMVIEXPENDifuREI 11,875 11,9991 10,066 Trnnsf•rs b•tvMth funds 147,5901 150J 45,090 Other q41nslllos￿1 Glfjns on rev?lu*lon of flxed assets 30 306 496 ￿496 N•t mo¥emthtln fundB 135,7151 501 351,776 311562 RECONCILIATION OF FUI¥JS Total fvnds broulhtfor￿rd 527,372 15,482 1.849.320 2,391174 TOTAL FUNOS CARRIED FOIIWNRD 491657 201,096 2.708,736 -li- WIVENHOE HOuSINGTRu￿ IWHTI NOTESTO THE FINANCEALSTATEMENTS-contlmi¢d FOR THE YENR ENDED 31 DECEMBER 2023 TANGIBLE FI>ED A￿£T$ Houslng Propertl COST QR VAWAnON At l January 2023 Aev•lu•tlons LO80,586 374.298 At 31 December2023 IIEf BOOKVALVE At 31 De￿mber 2023 At 31 December 2022 2￿0586 HoLt51Tr8 propertle5 iepresents thlrte•n almshouses belnl I to 7 Feedh•m CourL W¥¢nho•, essex and I to 6 Rebow Road, Wlvenhoè, Essex. The hausln8 properde5 were revilued to ihelr Inswance relnstatement Value of £1454,884 ¥t 30 June 2023. whlth tho trustees consfjdered to b• the hlrvalu•. Cost or ValultJ￿ at 31De￿rnbeT 20231$ reprès•nt•d by.. propert Revaluatlon surk4us In 2023 Revaluallon surplus In 2022 Revaluitlon surplus In 2017 Cost 374.298 306.496 ,360 1.388,730 IL FD(EOASSET INVESThfjENTS Llsted Investments MARKETVALUE At l January 2023 Addltions Revaluatlons 451,613 23.202 19,375 At 31 December 2023 NEf BOOKVALUE At 31 Decernber 2023 494.190 At31 Detémb*r 2022 451613 WIVENIIOE HOUSN6 TRusr (wTrtn NOTESTO THE FiT4ANcIAl￿ATEM81r5.Clythwd FOR IHE YEAR ETrIKD 31 DECEM8EA 2023 Cost or ￿Ul1￿c￿ at 31 Decernl*r 2023 ts rewestnthd by. Urt Accumuknt•d rev•lu•ifjon suwums Cost 215.281 268.909 O￿TOR&. AMOUNTS FALLING DUEVrnIPI IX YEAR ZJ 2022 Contribtstlons In arre¥s Othér debt(*s Prepayments •nd •¢crued I￿(the 1,229 1,188 1.065 3,482 ¢AEDITI)AS:AMOUPITS FALUNG OIK wmiw w YEAR 2022 Contrlbullons r•cefv￿ kn •th4ncè Other credltors Accr￿5 and deferred Inc¢ 1735 L651 5,254 1,794 S,SS6 715 Wn￿NHoE HOUSIN6 TRusf (WHn NOTESTOThE ANANCIALsfATEMENYS.¢(mllN FOR ThE YEAR ÉNDED 31 DECEM&ER 21123 MOVEMENT V4 FiThIt15 Transfers Al 31.12.2a AtLL23 In fvnds General fund Cycllcal MaIntena￿e Fund Extraordlnary Repair Fund BulldltV4 Resem Fund 57.123 JMI 7J14 PL7021 11532 7.670 Sn $4.284 124.322 267 49W7 S61245 Aertvlrted fvnth Rellel In Need Fund 1500 17,633 Éndowm•nt fvnth Pennanent Endu*Thent Fund Property ReValua￿On Rese Wlvenhoe Chafftle5 Fund IJOI274 69L856 5.966 ￿140) 15W.930 L066.154 S.826 Oim6 $11,910 TOTAI FtWlDS Nrt movementln fimds IMhJded In the alMM ar• •5 tollo*s: IntL¥nlr Movement fvftds exP*￿ed Unre#rfdedlunrts General fvrd Cy 491,6S7 Relsef In Need Fw 119991 15.983 Pemianent Endrrmnent Fund Property Revaluation Rese vrwenhoe Charitses Fund L457,642 542 >J6,496 13521 1.503.274 691.856 S.966 6,318 I￿9.320 4SOg) 201.096 TOTAL Fuiifls 91174 316562 1708.736 Comparath* rt mryement In fuThts ind￿￿ed in the alw are asfon¢)wtr. IrKomi Resowces Gains and expended 10sseS Movement in fvr*Js General fund Cyclical maintena￿ Fund Extrawdin￿ Repair Building ReseTh* Fund 164.7971 12J451 18.054 11,8971 {4,8261 4.8261 167.1421 14,4881 IW5 Re4ef In Need Fund 12.4041 11.9991 P¢manent Endo*Thent Fund Propty Aevaluatfjon Re5eThE Wlvenhoe Charttles Fund 306.496 13521 6.496 13S21 16.686 TOTAL FLWDS 83.910 169.$461 301ts8 316,562 WIVEf4HOE HOUSINGTRusf (WHn FOR THE YENA ENOED 31 OECEMBER 2023 FU￿ R•5•r¥ PemwThentEndowmert Au Th* Fund partly reprtsefits the Chrity's knnd •nd bwkliny T*ffth thè tse1￿ spidfk•lly In¥est•d. from thèse Inbthents Is avalable fortheienera pwposes ofthe tharity. Houthi PrOp•rtlesA￿hwth￿ Ruer The Houslw Property ReVa[w￿On Rese￿ ts pemiwit erth*ment d the Ch¥lty and is represented by the value of housln8 wopertles rvAuatlon gans. The Fund Is expendable Fennwnt eThlowment of the Owrlty •r¥l represents fuTh15 reol*d on the wlndln8 up of Wfvenhoe CharltJe& The Fund b wedfic41ylrAwted. Income from tIRse Investrnents Is used f the Ilellef In Need sttv(c•s by the Ch¥lty. A•lknl IA N••d h￿d The Fund rnprésenis ¥￿￿ irtomt recth*d by the Ch•dty to P￿de Its Relef In Need servlceL The Fvnd Is restrlcted to these seThkes and arry Income Ir¢rn kNestrMnt al the Fund Is ￿mIl•r￿ wtrtcted In Its us*. LThdtcal M*lntaMne• FWMI A trnnsfer Is m•de each ￿¥r frLYn the Gerwal F￿d to Cydlcjl Milntènance Fund to