CHARITABLE INCORPORATED ORGANISATION REGISTERED CHARITY NUMBER: 1157022 WIVENHOE HOUSING TRUST IWHT) FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2025
WIVENHOE HOL151NG TRUST IWHT) CONTENTS OF THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 DECEMBER 2025 Page Report of the Trustees Independènt Exomlner's Report Statement of Flnanclal ActlvltSes Balance Sheet Notes to the Flnanclal Statements 8 to 17 Detalled Ststement of Flnanclal Actlvltles 18 to 19
WIVENHOE HOUSING TRUST IWHTI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present thelr report along with the financial statements of the charfty for the year ended 31 December 2025. The trustees have adopted the provislons of the Statement of Recommended Practlce ISORP} k¢ountlng and Reportlng by Charitles" In preparlng the annual repcrt and flnandal statements of the charlty, The financla5 statements have been prepared In accordance wlth the accoundng pollcles set out In notes to the accDunts on pages 8, 9 and 10 and comply wlth the charlty's governlnE dcuMeftt, the Charltles Act 2011 and Accountlng and Reportlnz by Charltles,. Ststement of Recommended Practlce appllcable to chadtles preparlng thelr accounts In accordance wlth the Flnanclal Reportlng Stsndard appllcable In the UK and Republlc of Ireland publlshed In October 2019. OBJEcfivES AND ACTIVITIES Oblectlves and alms The objects of the Charlty are: l. the provlslon of almshouses for beneflclarles who are resident In the area of beneflt deflned as the Parlsh of Wlvenhoe Includlng that area prevlously In the Anclent Parlsh of Wfvenhoe In the followlng order of prlorlty: l unmarrfed women or wldows, wlth preference gtven to the wldow5 of seamen and those aged Dver 60. 511 slngle men or couples of penslonable age; 2. such charltable purposes fcK the beneflt of resldents as the Trustees declde; 3. rellef In need In the area of beneflt In accordance wlth the followlng: 11 the frustees may relleve persons who are In need, hardshlp or dlstress by: , maklng grants of money to them; or b. provldlng or paylng for goods, setvlces or facllltles for them. or c. maklng grants of money to other persons of bodles who Ffovlde goods servlces or facllltles to those In need. 111 In exceptlonal cases the Trustees may declde to asslst someone under thls clause {who Is otherwlse quallfledl who Is resldent outslde of, or only temporarlly re51dent In, the area of beneflt. Appllcatlon of Income The net Income shall be applled flrst to repalr, Inswe and meet all other outgolngs In respect of the charlty's propertSes and all proper costs of the Charlty'5 admlntstratlon and management. Thereafter net Income shall be applled for the benefit of the almspeople of the thartty. Actlvltlès The Charlty currently provldes thlrteen almshouse propertles and Its alm Is to utlllse these as far as posslble to meet the oblectlves of the Charlty. Publ1¢ beneflt These actlvltles are consldered to be for the puillc Eeneflt and In runnlnE the Charlty the Trustees have regard for the Charlty Commlsslon guldance on publlc benefit.
WIVENHOE HOUSING TRUST IWHT) REPORT OF THE TRUSTEES FOR THE YEAR ENDÉD 31 DECEMBER 2025 ACHIEVEMENTS ANO PERFORMANCE Char5table actlvltle5 Thè trustees contlnue to be concerned for the welfare of beneflclarles and malntaln a regular Involvement wlth them to make sure that the propertles In thelr care are of a gocd standard, The commltment to the malntenance of the propertles was once agaln demonstrated by having some remedlal work done the roof and Improvements mado to the ventllatlon of the roof space at the Mary Ann SanfNd cottages In the flrst part of the year. Also at the same propertles, the trustees have spent è lot of tlme trylng to find the source of damp patches In the propertles. Thls has resulted In the fittlng of an electrlc extractor fan In one of the wopertles and a professlonal survey by a damp 5peclallst who has vlsltod the propertles several tlmes In the past. The trustees wlll contlnue thls remedlal work bv havlng some more Inlerted DPC at the rear of the propertles when the weather gets warmer, A new gas contract was negotlated In October 2025 affectlng the 6 Indlvfdual cottages whlch share ? communal gas supply The prevlous flxed prlced 3 year contrart that had been negotlated durlng Cod, and that had seemed a reasonable deal at the tlme, was re-ne8Otlated for a sum one thlrd that of the prevlous cost. Whllst the trustee5 had not sought to recover the full cost of the gas tontr3Ct from the resldents through thls three year perlod, It dld pass on part of the benefit of thls cheaper supply to the resldents when It came to settlng Weekly Malntenance Contrlbutlons lequlvalent of rent) for the 2026 year, At both sets of almshouses, Mary Ann Sanford and Jonathan Feedham Court, relatlvely mlnor Issues were addressed durlng the year as they arose. Late In 202S, the trustees were notlfied that long-tlme resldent Mlthael Mason had moved Into a care home. The trustees had hls former home redecorated throughout and advertlsed the vacancy, The trustees were a little surprlsed to recelve 16 appllcatlons for thls one vacancy. A few weeks later, the trustees were told that another long-standlng resldent was also movlng Into a care home as she too was no lonEer able to look after herself. Havln8 had the bungalow completely redecorated, re-carpeted and a new kltchen fltted, the trustees appolnted the couple who had come second In the prevlous selectlon process as the beneflclarles of thls almshouse. FINANCIAL REVIEW Flnanclal posltlon The Charlty's flnanclal posltlon Is set out In the Balance Sheet and Is consldered satlsfactcry. Reserves poIIcy The Charlty's pdlry on reserves Is to malntaln sufflclent reselves to enable the Charlty to achleve Its prlnclpal oblectlves. One of those objectlves Is to add new almshouses to our portfollo cl 13 exlsting propertles. To thls end, the tru5tee5 establlshed a 8ulldlng Fund and each year they had been Bddlng to It. As th15 alm was becomln8 Increaslngly Ilkely In 2026, the trustees took athantège of a substantlal rlse In the st(Kk market values and sold much of thelr stock hddlng and put the resultlng fund5 Into hlgh interest bearlng deposlt accounts. They also sought the permlsslon of the Charlty Commlsslon to add the balante of £140,000 In the Permanent Endowment Fd to the Bulldlng Fund,
WIVENHOE HOUSING TRUST {WHTI REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 31 DECEMBER 2025 FUTURE PLANS The trustees spent a lot of tlme worklnE on plans for the bulldlng of slx new almshouses on land beSng glfted to them by hovse bullders, Cala Homes, as a requlrement of a Sectlon 106 a8reement. Plans were submltted to the l(xal plannlng authorlty, Colchester Clty Councll, In Aprll 2025 by the Houslng Trust'5 appolnted archltect. In September 2025, these plans were approved. The trustees hope to *ln bulldlng these new homes In Aprll 2026 once the land Is transferred Into our name. Much conslderatlon has been glven by the trustees to worklng out the best way and most economlcal method of seelng these propertles constructed. In the end they resolved to appolnt Colln Kelly, Prlnclpal Contractor and h15 bulldln8 company, C & K Contrads Ltd, Colln. who had been a very useful trustee In the IO+ years he had served the char5ty In that role, stepped down as a trustee In December 202S to concentrate on bulldlng these new homes durlng 2026. He wlll be keepln8 the trustees Involved every step of the way. seeklng competitlve quotes for every aspect of the bulld. Our archltect Adam Edwards RIBA wlll olso be Invofved as Prlnclpal Deslgner, They w511 both be supported by a team of consultants In thls process, arKI wlth approprlate Insurance polkles In place, STRUCTURE, GOVERNANCE AND MANAGEMENT GoverrtlnK document The Charlty Is governed In accordance wlth a constbtutlon dated 9 May 2014 as amended on 18 October 2019 and 4 November 2019. Recrultmènt and appolntment of new tYU5tee5 A5 va¢ancles for Trustees arlse appllcatlons are sought from potentlal ¢andldates known to the Trustees and other sultable lo¢al people. Appllcants are then consldered by the Tnjstees and appolntments made by resolutlDn of the Trustee5, Organlsatlonal structure The Wlvenhoe Hou51n8 Trust contlnues wlth a eleven member board of trustees who glve thelr tlme on 8 volyntary basls and a part.tlme aerk who works for the tharlty on a self-employed basls she handles all of the admlnlstratlve dutles. Inductlon and tralnlng of newtrustees New Tru5tee5 a brlefed by the Chalrman and the extstln8Trustees on the hlstory and actlvltles of the Charlty. They are provlded wlth i Gopy of the Chadty Commlsslon publlcatlon Yhe Essenttal Trustee" detailing thelr responslbllltles and provldlng guldance on belng a Trustee. New Trustees are provlded wtth a copy of the Charlty Scheme and the latest accounts. Rélated partle$ There are no other charItS related to the Wlvenhoe Houslng Trust (WHTI. The Clerk to the Charlty Is also Clerk to other almshouse charltles. Alsk management The trustees have a duty to Identlfy and revlew the rlsks to whlch the charlty Is exposed and to ensure approprlate controls are In ace to prcwlde asonable assurance against fraud and error. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 1157022 Prln¢lpal address 16 Colchester Road Wlvenhoe Essex C07 9EU
WIVENHOE HOUSING TRUST IWHT) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Trustees Ms S 8rooks-Richardson Ms DTaylor Ms G SleiRhtholm C Kelly Ireslgned 19112125) C Andrews P HIII IChalrm8n) R Neve R Needham IMce-Chalm)anl J Crook (resigned 30111261 S Boughton D Htjtchlngs IndepÈndent Ex8mlner Slmon Welllng TCGroup Accountants Town Wall House Balkerne Hlll Q>lchester Essex C03 3AD Sollcltors Holme5 & H1115 A12 Commerclal Hub London Road MarksTey Colchester C06 IED Bankers CAF 88nk 25 Klngs Hlll Avenue Klngs Hlll West Mallln8 Kent ME19 4JQ Clerk to the Cliarltv Mr5 Mellssa Hlll 42 8ralswlck Colchester C04 5PX Approved by order of the board oftru5tee5 on ....l.¥. IL and sned on Its behalf by.. P Hlll- Trustee
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF WIVENHOE HOUSING TRu¥f IWHTI Independent examlner's report to the tn15tees of Wtvenhoe Houslng Trust IWHTI I report to the charlty trustees on my examlnatlon of the accounts of Wlvenhoe Houslng Trust IWHTI (the Trust) for the year ended 31 December 2025. Rosponslbllltles and basls of report As the charlty trustees of the Trust you are respon5kJle f the proparatlon of the accoLEnts In accordance wlth the requlrements of the Charltles Act 2011 l*he Act'l. I report In respect of my ex?mlnatlon of the Trust's accounts carrled out under Sectlon 145 of the Act and In carrying out my examlnatlon I have followed all applicable Dlrectlons gSven by the Charlty Commlsslon under Sectlon 14515llbl of the Act. Independent examlner's statement I have completed my examlnatlon. I conflrm that no materlal matters have ccthe to my attentlon In connectlon wlth the examlnatlon givlng me cause to belleve that In any materlal respect: accountlng records were not kept In respect of the Trust as requlred by Sect5on 130 of the Act,, or the accounts do not accord wlth those records; or the accounts do not comply wlth the Ippllcable requlrements concernlng the fomi and content of accounts set out In the Charlties IAccounts and Reports) Regulatlons 2008 other than any requlrement that the accounts glve a true and falr eW whlch Is not a matter consldEred as part of an Independent examlnatlon. I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to erbable a prc%)er understandlng of the accDunts to be reached. Slmon Welllng Certlfled Accountant TC Group Accountants Town Wall House Balkerne Hlll Colchester Essex C03 3AD
WIVENHOE HOUSING TRUST IWHT) STATEMEW OF FINANCIAL ACTIVITIES FOR THE YEAR ENDEO 31 DECEMBER 2025 202S Total funds 2024 Total funds Unrestrltted funds Restrlcted fund Endowment funds Notes INCOME AND ENDOWMENTS FROM charltable attlvltles Almshouse actlvlty 89A44 89,344 85,g80 Investment Income 32,033 617 3,566 36,216 33,455 Total 121,377 617 3,566 119.435 EXPENDITURE ON Charltable actlvltles Almshouse a¢t5vltv Rellef In Need 44,669 44,669 1,581 65,149 707 1,581 Total 44,669 1,581 46,250 76,708 19641 3,566 79,310 53,579 Net 8alns on Investments 6,599 34,843 18,149 NET INCOME/{EXPENDITURE) 104,952 {9641 10,165 114,153 71,728 Transfers between funds 14 12,5001 2,500 Other recognlsed galnslllosses) Galns on revaluatlon of fixed assets 132,732 132 732 Net movement In funds 102.452 1,536 142,897 246,885 71,728 RECONCILIATION OF FUNDS Totsl funds brought forward 621,798 19,217 2.591.501 3,232,516 3,160,788 TOTAL FUNDS CARRIED FORWARD 724.250 20,753 2,734398 3,479,401 3,232,516 CONTINUING OPERATIONS All Income and expendlture has arfsen from contlnulng actFvltles. The notes form part of these flnanclal statements
WIVENHOE HOUSING TRUST (WHT) BALANCE SHEEr 31 DECEMBER 2025 2025 Total funds 2024 Total funds Unrestrl¢ted funds Restrlcted fund Endowment funds Notes FIXED ASSETS T8nBlble assets Investments io li 2,587,616 7.014 2,587,616 122,817 2,454,884 535,856 115,803 I03 2,594.630 2,710,433 2.990,740 CURRENT ASSErs Debtars Cash at bank 12 13,930 617,647 13,930 773,168 4,589 261,359 20,753 139,768 631,577 20.753 139,768 792,09B 265,948 CREDITORS Amounts fallln8 due wlthln one year 13 123.1301 (23,130) 124,1721 NET¢URREKf ASSETS 608,447 20,753 139.768 241776 TOTAL ASSEfs LESS CURRENT LIABIUTIES 724250 20,753 2,734,398 3,479,401 3,232,516 NET ASSETS 724,250 20,753 1734,398 3,479,401 3,232,516 FUNDS Unrestrlcted funds Restrlcted funds Endowment funds 14 724,250 20,753 2,734,a98 621,798 19,217 2,591,501 TOTAL FUNDS 3,479,401 3 232 516 The Ilnanclal statements werè approved by the Board of Trustees and authorlsed for Issue on and were sl8ned on It$ behalf P Hlll - Trustee R NÈÈdham -Trustee The notes form part of these flnanclal statements
WIVENHOE HOUSING TRUST IWHT) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2025 TRANSFER OF ENGAGEMENTS The Wlvenhoe Houslng Trust was formed to admlnlster the charltles prevlously known as the Jonathan Feedham Charlty and the Mary Ann Sanford's Almshouse charity, The transfer took effect on 20 December 2(Kll and the resees, assets and llabllitle5 of those charitles have been adopted at the values shown In thelr accounts on 19 December 2001. On 8 February 2015 the actlvltles assets and Ilabllltle5 of The Wlvenhoe Houslng Trust (Charlty Reglstratlon Number 1090S781 were transferred to thls Charlty. ACCOUNTING POLICIES Basls of preparfn8 the flnanclal 5tatementS The fSnanclal statements of the charlty, whlch Is a publlc benefft entlty under FRS 102, have been prepared In accordance wlth the Charltles SORP IFRS 1021 'Accountlng and Reportlng by Charltles: Statement of Recommended Practlce appllcable to charltles preparlng thelr accounts In accordance w5th the Flnanclal Reportlng standard appllcable In the UK and Republic of Ireland IFRS 102) leffectlve l January 20191,, Flnanclal Reportlng Standard 102 The Flnanclal Reportln8 Standard appllcable In the UK and Republlc of Ireland, and the Charltles Act 2011, The flnanclal statements have been prepared under the h15torlcol Cost ronventlon, wlth the exceptlon of Investments whlch are Included at market value, as mtxllfled by the revaluatlon of certaln assets. The fSnanclal statements are presented In 5terllng whlch Is the fvnctlonal currency of the chorlty and rounded to the nearest £. Fund accountlng Unrestrlcted funds can be used In accordance wtth the charltable oblertlves at the dlseretlon of the trustees, De51gnated funds ire unrestricted funds of the charlty whlch the trustees have declded at thelr dlscretlon to set aslde to use for a speclflc purpose. Restrlcted funds can only be used for partlcular restrlcted purposes wlthln the objects of the charlty. Restrlctlons arlse when spe¢lfied by the donor or when funds are ralsed for partlcular restrlcted purposes. Permanent endowment funds are non-expendable funds whlch are normallv held Indefinltely. Further explanatlon of the nature and purpose of each fund Is Included In the note5 to the flnanclal statements. Golng concem The accounts are prepared on a gc4ng concern basls as there are no matertal uncertalntles about the Charlty's blllty to contlnue. Income All Income Is recognlsed In the Statement of Flnanclal Actlvltles once the chadty has entltlement to the funds, It Is probable that the Income wlll be recelved and the amount can be measured rellably. Income from government and other grants, thether 'Catal, grants or 'revenue' grants, Is recognlsed when the Charlty has entitlement to the funds, ary performance conditlons attached to the grants have been met, It Is probable that the Income wlll be recefved and the amount can be measured lIablY andls not deferred. For legacles, entitlement Is taken as the earller of the date on whlch elther: the Charlty Is aware that probate has been granted, the estate has been ftnalised and notlflcatlon ha5 been m3de by the executorlsl to the Charltythat a dlstrlkJJtlon wlll be made, or when a (Mstrlbutlon Is re¢etved from the estate.
WIVENHOE HOUSING TRUST {WHT) NOTES TO ThE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES- contlnued Income Donatlons and other voluntary IoMe are reflected Sn the accounts for the perlod In whlch they are recelved. Donatlons sn klnd are recognlsed by the Charlty when recelved except In the case crf servlces provlded free undErvalue byvoluntary staff or others whlch are not reflected In the accounts. Interest re¢elved Interest on funds held on deposlt Is Included when recelvaNe and the amount can be measured rellably by the Charlty,. thls Is normally uwn notlflcatlon of the Inte$t pald or payable by the Bank. Expendlture Llabllltles are recognlsed as expendlture as soon as there Is a legal or tonstructlve obllgatlon commlttlng the charlty to that expendlture, It Is probable that a transfer of economlc beneflts wlll be requlred In settlement and the amount of the obllgatlon can be measured rellably. Expendlture Is accounted for on an accruals basls and has been classlf led under headln8S that aggregate all cost related to the categw. Where costs chnnot be dlrectly attrlbuted to partltular heèdlngs they have been allocated to act5vltles on a bas15 conslstent wlth the use of resource5. Repalts and malntenan¢e of propertles The charges In the Statement of Flnanclal Actlvltles In respect of Cycllcal Malntenance and Extraordlnarv Repalrs reflect the Trustees, constant concern to keep the propertles In good condltlon, and are In accordance wlth the Almshouse knclatlons, comMendatIon that Almshouse Charftles should set aslde each year speclflc sums In thls respect. Transfers are made from the General Fund each year to the Extraordlnary Repalr Fund to cover extraordlnary repalrs as they ar15e and to the Cydlcal Malntenante Fund to tover repalrs whlch ar15e on a cycllcal basls. Support costs The Charlty's Eovernance costs are allated entlrely to the Almshouse C05tS slnce support costs latIng to other actlvltles are consldered Immaterlal. Grants offered subject to condltlons whlch have not been met at the year end date are noted as a commltment but not accrued as expendItu. Tanglble flxed assets Houslng Propertles The houslng propertles are Included In accounts at thelr Insurance relnstatement value. Addltlons after each revaluatlon are Included at cost untll a further revaluatlon. The housln8 propertles are not depreclated as revaluattons are performed wlth sufflclent regularlty to ensure that the carrytng amounts are not materlally mlsstated. The c05t of refurblshment and Improvements to the exlstlng property are wrltten off to General Fund as Incurred. Any major Impr¢Jvements or extenslons to the property are capltalised. Investments I nvestments are shown on the 8alance Sheet at thelr market value. Change5 In market values durlng an accounting perlod are reflected In the accounts as unreallsed galns or10sses. Upon dlsposal of èn Investment the dKference between orlgln31 cost and dlsposal proceeds Is reflected In the accounts as a reallsed galn or loss and an adjustment Is made to unreali5ed gain5 losses to reverse unreallsed movements In value In earlier years.
WIVENHOE HOUSING TRUST (v&in NOTES TO THE FINANCIAL STATEMENTS- continued FOR THEYEAR ENDED 310ECEMBER 2025 ACCOUNTING POLICIES- contlnued Debtors Contrlbutlons and other debtors are recognlsed at the settlement amount due. Prepayments are valued at the amount prepald net of any trade dlscounts due. Cash at bank Cash at bank and cash In hand Includes cash and short term hlEhly Ilquld Investments wlth a short maturlty of three months or less from the date of acqulsltkin or openlng of the deposlt or slmllar account. Credltors and provlslons Credltors and provlslons are recognlsed where the Charfty has a present obll8atlon resultlng from a past event that wlll probably result In the transfer of funds to a thlrd party and the amount due to settle the obllgatlon can be measured or estlmated rellably. Credltors and provlslons are nomially reco8nlsed ot thelr settlement amount after allowln8 for any trade discounts due. Tyxatlon The charlty Is exempt from tax on Its charltatle actlvltles. INVESTMENT INCOME 2025 2024 Dlvldends retslvable Accumulated sha$ divldends recelvable COIF deposSt account Interest CAF account Interest 5,746 12,857 17,564 49 8,21S 15,197 10,043 36,216 33.455 INCOME FROM CHARifA8LE ACTIVITIES 2025 2024 Almshouse actlvlty Contrlbutlons recelvable Losses fr(Yn vacancles 90,458 1,114) 87,015 1,0351 89.344 85,980 -io-
WIVENHOE HOUSINGTRUST IWHT) NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnued FOR THE YEAR ENDED 31 DECEMBER 2025 CHARITABLE ACTWITIES COSTS D1ct Costs Isee note 61 Grant fundlng of activlties Support costs {see note 71 Tot315 Almshouse actlvlty Rellef In Need 34,194 1.109 10,475 44,669 1,581 472 35,303 472 10,475 46,250 DIREcf COSTS OF CHARITABLE ACTIVITIES 2025 2024 Vacant property costs Water charges Insurance Ll8ht and heat Repalrs and malntenance Cycllcal repalr5 Extraordlnary repalrs Gardenln8 Carellne Sundry expenses 8ad debts Bank charges 118 3.225 1,750 9,984 12,070 2,040 130 2,861 1,706 12,271 10,357 750 23,230 3,320 870 113 3,910 1,109 58 974 65 35,303 55,608 SUPPORT COSTS Governance costs Management Totals Almshouse actlvlty 7,829 2,646 10,475 Support costs, Included In the abo, are as follows: 2025 Almshouse actlvlty 2024 Almshouse actlvltv Clerk fees Subscrlptlon5 Independent examlnatlon fees Accountancy fee5 7,410 419 284 2,362 6,500 407 270 2,364 10,475 9,541 -li-
WIVENHOE HOUSING TRUST (WHT) NOTES TO ThE FINANCIAL STATEMENTS- tontlnued FOR THE YEAR ENDED 31 DECEMBER 2015 TRUSTEES, REMUNERATION ANDBENEFITS There were no trustees, remuneratlon or other beneffts for the year ended 31 December 2025 nor for the year ended 31 December 2024. Trustees, expenses There were no trusteEs' expenses pald for the year ended 31 December 2025 nor for the year ended 31 December 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfpJiTIES Unrestrlcted funds Restrlcted fund Endowment funds Total funds INCOME AND ENDOWMENTS FRCK* CharStabl¢ artlvltles Almshouse actlvlty 85,980 85,980 Investment Income 28.030 661 33,455 Total 114,010 661 4,764 119,435 EXPENDITURE ON Charltable actlvltles Almshouse actlvltv Rellef In Need 64,279 870 707 65,149 707 Total 64,279 1,577 65,856 49,731 19161 4,764 53,579 Net galns on Investments 13.322 NET INCOME/{EXPENDITUREI 63,053 19161 9,591 71,728 Transfers between funds 2,5} 2,5CO Net movement In funds £,553 9,591 71,728 RECONCIIIATION OF FUNDS Total funds brought forward 561,245 17,633 2,581,910 3,160,788 TOTAL FLINDS CARRIED FORWARD 621.798 19.217 2,591,501 3,232,516 -12-
WIVENHOE HOVSING TRUST IWHTI NOTES TO THE FINANCIAL ST ATEMENTS- contlnued FOR THE YEPSt ENDED 31 OECEMBER 2025 io. TANGIBLE FIXED ASSETS Houslng propertle5 COST OR VALUATION At l January 2025 Revaluatlons 454,884 132,732 At 31 December 2025 2,587,616 NET BOOK VALUE At 31 December 2025 2,587,616 At 31 December 2024 2,454,884 Houslng propertles represents thlrteen almshouses belng I to 7 Feedham Court, Wlvenhoe, E55ex and I to 6 Rebow Road, Wlvenhoe, Essex. The houslng propertles were revalued to thelr Inswan¢e relnststement value of £2,587,616 at 30 June 2025, whlch the trustees consldered to be the value. Cost or valuatlon at 31 December 20251s rekyesented by: Houslng propÈrtles Accumulated revaluatlon galns Cost 1,198,886 1388 730 2,587,616
WIVENHOE HOUSING TRUST IWHTI NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THEYEAR ENDED 31 DECEMBER 2025 ii. FIXED ASSÉT INVESTMENTS Listed Investments MARKETVALUE At l January2025 Addltions Dlsposals Revalu3tlons 535,856 12,857 1460,739) 34,843 At 31 December 2025 122,817 NEf BOOK VALUE At 31 December 2025 122,817 At 31 Oecember 2024 535,856 There were no Investment assets OLrtslde the UK. C05t or valuatlon at 31 Decemkr 2025 Is represented ty. Llsted Investments Accumulated revaluatlon galns Cost 57,537 65,280 122,817 12. DE8TORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 202S 2024 Contrlbutlons In arrears Prepayments and accrued Income 3,546 10,384 1,677 2,912 13,930 4,589 13. CREDITORS; AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Contrlbutlons recelved In advance Other credltors Actruals and deferred Income 2,413 50 20,667 2,502 48 21.622 23,130 24,172 -14-
WIVENHOE HQUSING TRUST IWHTI NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEM3Efi 2025 MOVEMENT IN FUNDS Net movement In funds Transfers between funds At 31.12.25 At i,1.25 Unrestrlcted funds General fund Cycllcal Malntenance Fund Extraordlnary Repalr Fund Bulldlng Reserve Fund 50,124 73,48Z 143,412 354,780 69,692 120,170) 120,401) 146,011} 84,082 99,646 53,075 116,195 4SS,334 18,794 16,472 621,798 104,952 {2,5001 724,250 Restrlcted fund5 Rellef In Need Fund 19,217 19641 2,500 20,753 Endowment funds Permanent Endowment Fund Property Revaluatlon Reserve Wlvenhoe Charltles Fund 1,519,369 1,066,154 5,978 9,129 132,732 1,036 1,528,498 1,198,886 7,014 2,59101 142,897 2,734,398 TOTAL FUNDS 3,232,516 246,885 3 479,401 Net movement In funds, Included In the above are as folloNs', Incoml resources Resources expended Galns and losses Movement In funds Unrestrlcted funds General fund Cycllcal Malntenance Fund Extraordlnary Repalr Fund Bulldlng Resetve FLrnd 111087 173 5,422 3,695 142,6291 12,0401 69,692 {61 18,794 16,472 1,861 13,372 11777 121A77 144,6691 28,244 104,952 Restrlrted lunds Rellef In Need Fund 617 11,5811 19641 Endowment fvnds Permanent Endowment Fund Property Revaluatlon Reserve Wlvenhoe charities Furbd 3,566 5,563 132,732 1,036 9,129 132,732 1,036 3,566 139,331 142,897 TOTAL FUNDS 125,560 146,250) 167,575 246,885 -is-
WIVENHOE HOUSING TRUST {WHT) NOTES TO ThE FINANCIAL STATEMENTS- contlnued FOR THEYEAR ENDED 31 DECEMBER 2025 14. MOVEMENT IN FUNDS- contknued Comparotlves for movement In funds Net movement In funds Transfers between funds At 31.12.24 At 1.1.24 Unrestrlcted funds General fund Cycllcal Malntenance Fund Extraordlnary Repalr Fund ulldlng ReseThe Fund 60,608 54,284 124,322 322,031 34.116 5,418 10,770 12,749 144,6001 13,780 8,320 20,000 50,124 73,482 143,412 354,780 561,245 63,053 12,5001 621,798 Restrlcted funds Rellef In Need Fund 17,633 1916) 2,500 19,217 EndoWMentndS Permanent Endowment Fund Property Revaluatlon Reserye Wlvenhoe Charltles Fund 1,509,930 1,066,154 5,826 9.439 1,519,369 1,066,154 5,978 152 2 581.910 9.591 2 591,501 TOTAL FUNDS 3,160 788 71.728 3 232,S16 Comparatlve net movement In funds, Included In the above are as follows: Incomlng resources Resour$ expended Galns and losses Movement In fvnds Unrestrlcted funds General fund Cycllcal Malntenance Fund Extraordlnary Repalr Fund Bulldlng ReseNe Fund 97,562 5,381 5,385 5,682 163,5291 17501 83 787 5,385 7,067 34,116 5,418 10,770 12,749 114,010 164,279) 13,322 63,053 Restrlrted funds Re15ef In Need Fund 661 11,5771 1916) Endowment fvnds Permanent Endowment Fund Wlvenhoe Charltles Fund 4.764 4,675 152 9,439 152 4,764 4,827 9,591 TOTAL FUNDS 119,435 (65.856) 18,149 71,728 -16-
WIVENHOE HOUSING TRUST IWHTI NOTES TO THE FINANCIAL STATEMENTS- conthwed FOR THE YEAR ENDED 31 DECEMBER 2025 14. MOVEMENT IN FUNDS. contlnued Funds and ReseNes Pemianent Endowment Fund The Fund partly represents the Charity's land and bulldlngs wlth the balance trRlng speclftcally Invested, Income from these Investments Is avallable forthe general purposes of the Charfty. Houslng Piopertles Revaluatlon Reserve The Houslng Property Revaluatlon Resetwe Is Femanent endowment of the tharlty and Is represented by the value of houslng propertle5 revaluotlon galns. Wlvenhoe Charltles Fund The Fund Is expendable pemianent endowment of the Charlty and represents funds recetved on the wlndlng up of the Wlvenhoe Charltles. The Fund Is speclflcally Invested. Income from these Investments Is used for the Rellef In Need servlces wovlded by the Charlty. Rellef In Need Fund The Fund represents voluntary Income recdved by the Charlty to provlde It5 Rellef In Need servlces. The Fund Is restrlcted to these servlces and any Income from Investment of the Fund Is slmllarly restrlcted In Its use. Cycllcal Malntenance Fund A transfer Is made each year frtym the General Fund to the Cycllcal Malntenance Fund to covar cycllcal repalrs as they arlse. The Fund Is speclflcally Invested and Income recelved Is added to the Fund. Extraordlnary Repalr Fund A transfer Is made each year from the General Fund to the Extraorthnary Repalr Fund to cover extraordlhary repalrs a5 they arlse. The Fund15 speclflcally Invested and Income recefved Is added to the Fund. Bulldlng Reserve Fund The fund Is to cover future development of the property and transfers wlll be made from the General Fund at the Trustees dlscretlon. General Fund The fund represents port of the accumulated surpluses of the Charlty and Is avallable for the general purposes of the Charlty, 15. RELATEO PARTY DISCLOSURES The clerk to the charlty Is the dahter-In-laW of one of the charlty trustees. Durtng the year ended 31 December 2025 the clerk was pald fees of £7,410for thelr admlnlstratlve servlces. DurlnE the year ended 31 DeCeMr 2025 the charlty used the ser¥lces of a flrm of b[dIng contractors In Connectlon wlth repalrs to one of its houslng propertles. one of the trustees Is a dlrector and shareholder In the flrm. The fees pald amounted to £2,490 and were tarrled out under th2 normal course of buslness on commerclal terms. There were no other related party transactlons forthe year ended 31 December 2025. -17-
WIVENHOE HOLISING TRUST tWHT) DETAILED STATEMENT OF FINANCIAL AcllviTIES FOR THE YEAR ÉNDED 31 DECEMBER 2025 2025 2024 INCOME AND ENDOWMENTS Investment Inrome Dlvldend5 re1Vable Accumulated shares dlvldends recelvable COIF deposlt account Interest CAF account Interest 5,746 12,857 17,564 49 8,215 15,197 10,043 36,216 33,455 Charltable actlvltles ContrlbutSons recelvable Losses from vacancles 90,458 11,1141 87,015 1,03S) 89,344 85,980 Total Incomlng resources 125,560 119,435 EXPENDITURE Charltable actlvltles Vacant proltycOsts Water charges Insurance Llght and heat Repalrs and malntenance Cycllcal repa5rs Exiraordlnary repalrs Gardenlng Carellne Sundry expenses Bad debts Bank chaTge5 RelSef In Need donatlons 118 3,225 1,750 9,984 12,070 2,040 130 2,861 1,706 12,271 10,357 750 23,230 3,320 870 113 3,910 1,109 58 974 65 472 707 35,775 56,315 Support costs Management Clerk lees Subscrlptlons 7,410 419 6,500 407 7,829 6,907 Thls page does not fomi part of the statutory financlal statements -18-
WIVENHOE HOUSING TRUST IWHT) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Management Governance costs Independent examlnadon fees Accountancy fees 284 2,362 270 2,364 2,646 2,634 Total resources expended 46,250 65,856 Net Income before galns and losses 79,310 53,579 Thls page does not fonm part of the statutory Ananclal statements -19-