CHARITABLE INCORPORATED ORGANISATION
REGISTERED CHARITY NUMBER: 1158167
WINNOCKS AND KENDALLS ALMSHOUSE CHARITY
FINANCIAL STATEMENTS
FOR ThE YEAR ENDED
31 MAY 2024

WINNOCK5 AND KENDALLS ALMSHOUSE CHARITY
CONTENTS OF THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
Page
Report of the Trustees
Rèport of the Independent Audltors
Statement of Flnanclal Actlvltles
Balance Sheet
io
Notes to the Flnanclal Statements
li to 22
Detalled Statement of Flnanclal Actlvltles
23 to 24

WINNOCKS AND KENDALLS ALMSHOUSE CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MAY 2024
The Trustees present thelr report along with the financial statements of the charity for the year ended 31 May 2024.
The trustees have adopted the provisions of the Statement of Recommended Practice (SORPI "Accounting and
Reportlng by Charltles" In preparln8 the annual report and financial statements of the charity.
The flnanclal statements have been prepared In accordance wlth the accounting policles set out In note5 to the
accounts on pages 11 to 13 and Comply with the charlty's governing document, the Charities Act 2011 and Accountln8
and Reportlng by Charitles.. Statement of Retommended PractSce appllcable to charities preparing thelr accounts In
accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland publlshed In October
2019.
OBJEcfivES AND AcnviTIES
Objectlves and alms
The oblect of the Charliy Is the provlslon of soclal houslng In the form of almshouse accommodatlon and assoclated
amenltles for poor persons who shall be fesldent In Colchester at the tlme of their appointment.
Appllcatlon of Income
The net Income shall be applled flrst to repalr, Insure and meet all other outgolngs In respect of the Charlty's
propertles and all proper costs of the Charlty's admlnlstratlon and mana8ement. Thereafter net Income shall be
applled for the beneflt of the almspeople of the Charlty.
Slgn5flcant actlvltles
The Charlty alms to provlde almshouses to a Decent Homes Standard for Its beneflclal class.
The Chailty currently provldes forty three almshouses and Its alm Is to U￿16$e these as far a5 posslble to meet the
objectlves of the Charlty.
Publlc beneflt
These actlvitles are consldered to be for the publlc beneflt and In runnlng the Charlty the Trustees have regard for the
Charlty Commlsslon guldance on publlc beneflt.
ACHIEVEMENT AND PERFORMANCE
Charltable actlvltles
The Trustees continue to be concerned for the wellare of resldents and the malntenance of the hou51ng stock, The
House Committee continued to vlslt resldents In thelr almshouses.
Durlng the year the Charity suffered a major flood due to a mains water plpe burstlng. Thls damaged the Common
Room and Its kitchen, the Warden's office and hallway. Our Insurance brokers, Grout Insurance appolnted a Clalms
Mana8er to oversee the Insurance claim and all repalr works were completed by January 2024 and Included total
replacement of the hall kitchen.
There were refurb5shment5 undertaken at nlne almshouses wlth some requlrlng only redecoratlon btst others needing
replacement kltchen5. The Trustee5 were dell8hted to be able to cooperate with Colchester Engagement and Next
Step5 - a Nl8htshelter/Homeless Charlty - to house two of thelr clients. It Is hoped the Wlnnocks and Kendalls
Almshouse Charlty can help more people who are homeless as vacancles allow.
FINANCIAL REVIEW
Flnanclal posltlon
The Charlty's flnanclal posltlon Is as set out In the Balance Sheet on page 10 Jnd15 con51dered 5at15factory.
Reserv@s pollcy
The ChÈrlty's policy on reserves Is to malntaln sufflclent reserves to enable the Charlty to contlnue to achleve Its
princlpal objectlves.

WINNOCKS AND KENDALLS ALMSHOUSE CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MAY 2024
FUTURE PLANS
The Trustees are mindful of the Charlty's loan with Charlty Bank and the increaslng Interest rates. The mortgage was
renewed at an increased interest rate but fixed a2ain for a five year PEriod In May 2024.
As properties become vacant, Trustees are commlsslonlng refurbishments to ensure the almshouses are of a hlgh
standard when occupied.
Works to replace wlndows at Kendalls Terrace were not progressed In 2023124 as planned due to budget con5tralnt5.
However, Trustees comm15sloned major redecoration and repairs of woodwork to Kendalls Terrace to be undertaken
Sn 2024.
The Trustees have Increased the weekly malntenance contrlbutlons to allow for Investment5 In the Extraordlnary
Rep3Ir Reserve and Cycllcal Malntenznce ReseNe. The weekly malntenanee contrlbtjtlons Iwmcl remaln at the Local
Houslng Allowance ILHAI level to ensure It Is affordable to everyone, The Trustees were pleased to note the
Sncrease In LHA from the 1st Aprll 2023 as many resldents had been paying the same level of wmc for some years.
November 2024 all resident5 would have thelr wmc Increased ensurlng Increased Income to cover the Increaslng costs
of malntenance of these Llsted buildlngs.
The Trustee5 are looklng at the provlslon of the telephonelbroadband servlce In 1- 7B almshouses wlth a vlew to
other optlons.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The Charlty Is governed In accordance with a constltutlon dated 19 June 2014 as amended by resolutlons of the
trustees on 7 March 2016 and 25 July 2016.
Recrultment and appolntment of new tNstees
vacancSes for Trustees arlse appllcatlon5 are sought from potentlal candldates known to the Trustees and other
sultable local people. Appllcants are then consldered by the Trustees and appolntments made by resolutlon of the
Trustee5.
Orianlsatlonal structure
Day to day admlnlstratlon of the Charltyls carrled out by the Clerk vtho reports to the Trustees, The Trustee bodyls
divSded Into sub-comrnlttees to deal with Finance of the Charlty, Fabrlc of the Charlty and House Iresldent matters) of
the CharSty. These sub-committees meet as requlred between meetlngs of the full Trustee body. The Chalrman of
the sub-commlttees report thelr dlscussions to the full Trustee meetln8S.
Inductlon and tralnlng of new trustees
New Trustees are brlefed by the Clerk and the exlstln8 Trustees on the hlstory and actlvltles of the Charlty. They are
provlded wSth a copy of the Charity Commlsslon publlcatlon 'The E55entlal Trustee" detalllng thelr responslbllltles and
provldlng guldance on being a Trustee. New Trustees are provided with a copy of the Charlty Scheme and the latest
accounts.
Related partles
Durlng the year the charlty used the resources of a sollcltor In respect of Its houslng propertles. One of the trustees Is
a partner of the entSty.
There are no other charltles related to Winnocks and Kendalls Almshouse Charlty. The Clerk to the Charlty Is also
Clerk to other almshouse charitles In Essex.

WINNOCKS AND KENDALIS ALM5HOU5E CHARITY
REPORT OFTHE TRUSTEES
FOR THE YEAR ENDED 31 IVIAY 2024
srRucfuRE, GOVERNANCE AIID MANAGEMENT
Rlskmanagement
The trustees have a duty to identlfy and revlew the risks to which the charity is exposed and to ensure approprlate
controls are in place to provlde reasonable assurance agaSn5t fraud and error.
Through the employment of professional advlsors the Trustees seek to ensure that all of the Charlty's management
and declsion maklng processes take full account of. and comply with, relevant leglslation and regulatory controls,
Insurance Includlng property ownership and public Ilabllity is reassessed annually.
REFERENCE AND ADMINISTRATIVE DETAILS
Reg15tered Charity number
1158167
Prlnclpal address
18 Newbridge Hill
West Bergholt
Colche5ter
E$5ex
C06 3ER
Trustees
J Enfield Chalrman
Mrs WAllen
Mr5 S Leng
J Bradley Vlce Chalrman
Mrs P 5harman
Ms A Danlell
CAndrews
B Taylor
A Ellls {appolnted 2181241
Audltors
Halnes Watts
Statutory Audltors
Town Wall Hguse
Balkerne Hlll
Colchester
Essex
C03 3AD
Sollcltors
Messrs John Fowlers LLP
Town Hall Chambers
st Runwald Street
Colchester
Essex
COI IDS

WINNOCKS AND KENDALLS ALMSHOUSE CHARITY
REPORT OF THE TRUSTEES
FOR ThE YEAR ENDED 31 MAY2024
REFERENCE AND ADMINISTRATIVE DETAILS
Banker5
Barclays Bank PIC
9 Hlgh Street
Colche5ter
Essex
COI IDA
CAF Bank Ltd
25 Klngs Hlll Avenue
West MalllnB
Kent
ME19 4JQ
Cletk to the Charlty
Mrs Clare Heyes
18 Newbridge Hlll
West Bergholt
Essex
C06 3ER
Consultant Surveyors
Messrs Danlel Connal Partnershlp
780 The Crescent
Colchester Buslness Park
Colchester
C04 9YQ
Consultant Archltects
Purcells
St Mary's Hall
Rawstorn Road
Colchester
Essex
C033JH
TRUSTEES, RESPONSIBILITY STATEMENT
The trustees are responslble for preparlng the Report of the Trustees and the flnanclal statements In accordance wlth
appllcable law and Unlted Klngdom Accountln8 Standards IUDlted Kin8dom Generally Accepted Accountlng Practlce).
The law appllcable to charltles In England and Wales, the Charities Act 2011, Charity (Accounts and Reports)
Regulatlons 2008 and the provlslons of the trust deed requlres the trustees to prepare flnanclal statements for each
flnanclal year whlch glve a true and fair view of the state of affalrs of the charlty and of the Incomlng resources and
appllcatlon of resources, Inclvdlng the Income and expenditure, of the charlty for that perlod. In preparlng those
fSnanclal statements, the trustees are requlred to
select sultable accountlng pollcies and then apply them conslstently;
observe the methods and prlnclples In the Charity SORP;
make Judgements and estlmate5 that are reasonable and prudent;
prepare the financlal statements on the 8oln8 concern basls unless It Is Inapproprlate to presume that the charlty
wlll contlnue In buslness.

WINNOCKS AND KENDALLS ALMSHOUSE CHARITY
REPORT OF TYE TRUSTEES
FOR THE YEAR ENDED 31 MAY 2024
TRUSTEES, RESPONSIBILITY STATEMENT- contlNed
The trustees are responslble for keeplng proper accounting records whtch dlsc105e with reasonable ac¢uracy at any
tSme the flnanclal posltlon of the charity and to enable them to ensLÈre that the financial statements comply wlth the
Charltles Act 2011. the Charlty (Accounts and Reports) Regulations 2008 and the provlslons of the trust deed. They are
also responsible for safeguarding the assets of the charlty and hence for taklng reasonable steps for the preventlon
and detectlon of fraud and other Irreg4Jlarltles.
Il l•L4
Approved by order of the board of twstees on .................................-... ..
and slgned on Its behalf by..

REPORT OFTHE INDEPENDENT AUDITORSTOTHE TRUSTEES OF
WINNOCKS AND KENDALLS ALMSHOUSE CHARITY
Oplnlon
We have audlted the financial statements of W5nnocks and Kendalls Almshouse Charity (the 'charity'} for the year
ended 31 May 2024 which comprlse the Statement of Financial Activities, the Balance Sheet and notes to the flnanclal
statements, Including a Summary of significant accounting policies. The financial reporting framework that has been
applied In their preparation is applicable law and United Kingdom Accounting Standards Iunlted Kln8dom Generally
Accepted Accountln8 Practice).
In our oplnlon the financial statements..
glve a true and falr vlew of the state of the charity's affairs as at 31 May 2024 and of Its Incomlng resources and
applicatlpn of resources, for the year then ended,.
have been properly prepared In accordance wlth Unlted Kingdom Generally Accepted Ac¢ountlng Practlce; and
have been prepared In accordance with the requlrements of the Charltles Att 2011.
Basls for oplnlon
We ¢ondurted our audlt In accordance wlth Internatlonal Standards on Audltlng (UK) IISAS IUKII and appllcable law.
Our responslbllltSes under those standards are further descrlbed In the Auditors, responslbllltles for the audit of the
flnanclal statements sectlon of our report. We are Independent of the charlty In atcordance wlth the ethical
requlrements that are relevant to our audit of the financlal statements In the UK. Sncludlng the FRC'S Ethlcal Standard,
and we have fulfllled our other ethlcal responslbllltles In accordance wlth these requlrements. We belleve that the
audlt evldence we have obtalned Is sufflclent and approprlate to pro￿de a basls for our oplnlon.
Concluslons relatlng to 8oln8 concern
In audltln8 the flnanclal statements, we have concluded that the trustees, use of the 8olng concern basls of accountln8
In the preparatlon of the financlal statements Is approprSate.
Based on the work we have performed, we have not Identifled any materlal uncertalntles relatln8 to events or
condltlons that, Indlvldually or collectlvelyi may cast slgnlflcant doubt on the charlty's ablllty to contlnue as a golng
concern for a perlod of at least twelve months from when the flnanclal statements are authorlsed for Issue.
Our re5ponslbllltles and the responslbllitles of the trustees wlth respect to 8olng concern are descrlbed Sn the relevant
sectlons of thls report.
other Informatlon
The trustees are responslble for the other Informatlon. The other Informatlon comprlses the Snformatlon Included In
the Annual Report, other than the flnanclal statements and our Report of the Independent Audltor5 thereon.
Our oplnlon on the financlal statements does not cover the other Informatlon and, except to the extent otherwlse
expllcitly stated in our report, we do not express any form of assurance concluslon thereon.
In connectlon with our audlt of the flnanclal statements, our responsibility Is to read the other Informatlon and, In
dolng 50, conslder whether the other Information Is materially incon5iStent with the flnancial statements or our
knowledge obtalned In the audlt or otherwlse appears to be materially misstated. If we Identlfy such materlal
Incon515tencles or apparent materlal mlsstatements, we are requlred to determlne whether thls glves rlse to a
materlal mlsstatement In the flnanclal statements themselves. If, based on the work we have performed, we conclude
that there Is a material mlsstatement of thls other informatlon, we are required to report that fact. We have
nothing to report In thls re8ard.
Matters on whlch vie are requlred to report by exceptlon
We have nothing to report In respect of the followlng matters where the Charltles (Accounts and Reports) Regulatlons
2008 requlres us to report to you If, In our oplnlon,.
the Informatlon glven In the Report of the Trustees Is Inconslstent In any materlal respect wlth the financlal
statement5: or
sufficlent accountlng records have not been kept; or
the flnanclal statements are not In agreement wlth the accountlng records and returns. or
we have not recelved all the Infomiatlon and explanatlons we requlre for our audlt.

REPORT OFTHE INDEPENDENT AUDITORSTO THETRUSTEES OF
WINNOCKS AMD KENDALiS ALMSHOUSE CHARITY
Responslbllltles of trustees
As explained more fully In the Trustees, Responslbilitles Statement, the trustees are responslble for the preparatlon of
the financial statements whlch glve a true and falr view, and for such Internal control as the trustees determine Is
necessary to enable the preparatlon of financial statements that are free from materlal mlsstatement, whether due to
fraud or error.
In preparlng the flnanclal statements, the trustees are responslble for assesslng the charlty's ablllty to continue as a
80ing concern. dlscloslng, as applicable, matters related to going concern and uslng the 8oin8 concern basls of
accounting unless the trustees elther Intend to Ilquidate the charlty or to cease operations, or have no reallstlc
alternative but to do so.
Our responslbllltles fo¥ the audlt of the flnanclal statements
We have been appolnted as auditors under Sectlon 144 of the Charitles Art 2011 and report In accordance wlth the
Act and relevant regulatlons made or having effect thereunder.
Our oblectlves are to obtaln reasonable assurance about whether the financlal statements as a whole are free from
materlal mi5Statement, whether due to fraud or error, and to Issue a Report of the Independent Audltors that
Includes our opinlon, Reasonable assurance Is è high level of assurance, but Is not a guarantee that an audlt
conducted In accordance wlth ISAS IUKI wlll always detect a materlal misstatement when St exlsts, Mlsstatements can
arlse from fraud or error and are consSdered materlal if, Indlvidually or In the aggregate, they could reasonably be
expected to Influence the economlc decislon5 of users taken on the basls of these flnanclal statements.
The extent to whlch our procedures are capable of detectlng Irregularltles, Includlng fraud Is detalled below,.
We obtalned an understandlng of the legal and regulatory framework appllcable to both the charlty Itself and the
sector Sn whlch It operates. We IdentlfSed areas of laws and regulatlons that could reasonably be expected to have
mateflal effect on the flnanclal statements from our sector experlence and through dlscus51on wlth the trustees and
management, The most slgnlflcant were Identlfled as the Charltle5 Act 2011 and UK GAAP Includlng the Charlty SORP
IFRS 1021.
We consldered the extent of compllance wlth those laws and regulatlons as part of our procedures on the related
flnanclal statements. Our audit procedures Included,.
We consldered the rlsk of fraud throu8h mana8ement overrlde and In response, we Sncorporated testlng of manual
journal entrles Into our audlt approach throughout the flnanclal year.
We also consldered the rlsk of fraud through assumptlons and lud8ements used withln accountlng estlmates and
In response, reviewed and scrutlnlsed these estlmates In order to detect posslble management blas.
We also consldered the rlsk of fraud assoclated wlth the preparatlon of the flnanclal statements and In response,
tested the disclosures prepared a83lnst relevant supporting documentation.
Our audlt did not Identify any sl8nlflcant matters relatlng to the detectlon of irregul3rltles Includln8 fraud. However,
desplte the audit belng planned and conducted In accordance with ISAS IUK) there remalns an unavoidable rlsk that
material m155tatements In the flnanclal statement5 may not be detected owing to Inherent1Smltatlons of the audlt,
and that by thelr very nature, any such Instances of fraud or IrreEularlty Ilkely involve colluslon, for8ery, Intentlonal
mlsrepresentatlons, or the overrlde of Internal controls.
A further descrlptlon of our responslbllltles for the audit of the financlal statements Is located on the Flnanclal
Reportlng Councll's webslte 8t vrniw.frc.or8.uklaudltorsresponsibilities. Thls description forms part of our Report of
the Independent Audltors.

REPORT OF THE INDEPENDENT AUDITOR5 TO THE TRUSTEES OF
WINNOCKS AND KENDALiS ALMSHOUSE CHARITY
Use of our report
Thls report Is made solely to the charity's trustees, as a body, in accordance wlth Port 4 of the Charltles (Accounts and
Reports) Regulatlon5 2008. Our audit work has been undertaken so that we might state to the charlty's trustees those
matters we are requlred to state to them In an auditors, report and for no other purpose. To the fullest extent
permltted by law, we do not accept or assume responsibility to anyone other than the charlty and the charity's
trustees as a body, for our audlt work, for this report, or for the opinions we have formed.
Halnes Watts
Statutory Audltors
Town Wall House
Balkerne Hlll
Colchester
Essex
C03 3AD
Date.,

WINNOCKS AND KENDALIS ALMSHOUSE CHARITY
STATEMENT OF FINANCIAL AcnviTIES
FOR THE YEAR ENDED 31 MAY 2024
2024
Total
funds
2023
Total
funds
Unrestritted
funds
Restrlcted
funds
Endowment
funds
Note5
INCOMEAND ENDOWMENTS
FROM
Charltable actlvltle5
Almshouse actlvlty
276,417
276,417
269,314
Investment Income
8A14
8,414
5,507
Total
284,831
284,831
274,821
EXPENDITURE ON
Ch?rltable actfvltles
Almshouse actlvltv
266,488
266,488
268,186
18343
18,343
6,635
Net Ealnslllossesl on
Investments
11,198
1,6091
NETINCOME
29,541
29,541
5,026
Transfeis between funds
18
120,726)
20,726
Other reco8nlsed 8alns/llossesl
Galns on revaluatlon of flxed
assets
151,411
151,411
1,154,275
Net movement In funds
8,815
172.137
180,952
1,159,301
RECONCILIATION OF FUNDS
Total funds brought forward
344.340
830,942
6.178,360
7,353,642
6,194,341
TOTAL FUNDS CARRIED
FORWARD
353,155
830,942
6,350.497
7,S34,594
7,353,642
CONTINUING OPERATIONS
All Income and expendlture has arlsen from contlnulng activltles.
The notes form part of these financlal statements

WINNOCK5 AND KENDALLS ALMSHOUSE CHARITY
BAIANCE SHÉÉT
31 MAY 2024
2024
Total
funds
2023
Total
funds
Unrestrfcted
funds
Restrlcted
funds
Endowment
funds
Notes
FIXED ASSETS
Tanglble assets
Investments
li
12
830,942
7,090,945
7,921,887
133,717
7,770,476
122,519
133,717
133,717
830,942
7,090,945
8,055,604
7,892,995
CURRENT ASSETS
Debtors
Cash at bank
13
18,165
231076
18,165
231,076
11,702
238,668
249,241
249,241
250,370
CREDITOR5
Amounts falllng due wlthin one
year
14
129,803)
(17,6381
147,441)
149,2751
NET CURRENT ASSETS
219,438
117,6381
201,800
201,095
TOTAL ASSETS LESS CURRENT
LIABILITIES
353.155
830,942
7,073A07
8,257,404
8,094,090
CREDITORS
Amounts falllng due after more
than one year
15
(722,810>
1722,8101
1740,4481
NET ASSETS
353,ISS
830,942
6,350,497
7,534,594
7.353,642
FUNDS
Unrestrlcted funds
Restrlcted funds
Endowment funds
18
353,155
830,942
6,3SO,497
344,340
830,942
6,178,360
TOTAL FUNDS
7,534,594
7,353,642
The flnanclal statements were approved by the Board of Trustees and authorlsed for Issue on
!II%oLfj %•.1.,g.,............ and were slgned on Its behalf by:
radley-Trustee
The note5 form part of these flnanclal statements
-io-

WINNOCKS AND KENDALLS ALMSHOUSE CHARITY
NOTtS TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
LEGISLATIVE PROVISIONS
The Charity15 reglstered wlth the Charlty Commlsslon as a Charitable Incorporated Or8anisatlon, the Re8ulator
of Social Hou51ng as a Reglstered Provider of Sotlal Housln8 and with the National Association of Almshouses
as a Registered Almshouse Charlty.
ACCOUNTING POIICIES
Ba51s of preparlng the flnanclal statements
The flnanclal statements of the charlty, whlch Is a public benefit entity under FRS 102, have been prepared In
accordance with the Charitles SORP (FRS 1021 'Accountlng and Reportlng by Charitles: Statement of
Recommended Practlce appllcable to charltles prepèrin8 thelr accounts In accordance with the Flnantlal
Reportlng standard appllcable In the UK and Republic of Ireland {FRS 1021 leffectlve l January 20191,. Flnanclal
Reportlng Standard 102 'The Flnanclal Reportlne Standard appllcable In the UK and Republic of Ireland, and the
Charitles Act 2011.
The flnanclal statements have been prepared under the hlstorltal cost conventlon. wlth the exceptlon that
houslng propertles are Included at valuatlon and Investment5 whlch are Included at market value.
For the purposes of presentatFon the flnanclal statements are rounded to the nearest pound sterllng 1£) and
are Incluslve of Value Added Tax.
WhSlst thls charlty Is a Reglstered Soclal Houslng Provlder followlng the Issue of new SORPS for both charltles
and Reglstered Provlders appllcable for accounting period5 commenclng on or after l January 2015, these
accounts are prepared In accordance wlth the appllcable Charlty SORP slnce Its prlnclpal actlvltles are not
govemed by the Landlord and Tenants Act 1985 and are for charltable purposes.
Fund accountlng
RestrScted funds are fund5 recelved by the Charlty for a speclflc purpose and can only be used for that purpose.
Unrestrlcted funds are avallable to spend on actlvltSes that further any of the purp05e5 of Charlty. Deslgnated
funds are unrestrlcted funds of the charlty whlch the trustees have declded at thelr dlscretlon to set aslde to
use for a speclflc purpose. Endowment funds are non-expendable funds whlch are normally held Indefinltelv.
Golng Concern
The accounts are prepared on a 8oln8 concern basls as there are no materlal uncertalntles about the Charity's
ablllty to contlnue.
Income
All Income Is recognlsed In the Statement of Finon¢lal Actlvltles once the charlty 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, whether 'capltal' grants or 'revenue' grants, Is reco8nised when
the Charlty has entltlement to the funds, any performance condltlon5 attached to the grants have been met, It
Is probable that the Income will be received and the amount can be measured reliably and Is not deferred. If
the Charity d15pose5 of affordable houslng acqulred pursuant to the scheme durlng the grant perlod otherw15e
In accordance wSth the terms of the agreement, the amount of the 8rant recelved wlll be repayable In full back
tothegovernment.
For le83cles, entStlement Is taken as the earller of the date on whlch elther: the Charityls aware that probate
h05 been granted, the estate has been finalised and notificatlon has been made by the executorlsl to the
Charlty that a dlstrlbution wlll be made, or when a dlstrlbutlon is received from the estate,
-li-

INNQCKS AND KENDALLS ALMSHOUSE CHARITY
NOTES TO ThE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MAY 2024
ACCOUNTING POLICIES- contlnued
Income
Donatlons and other voluntary Income are reflected In the accounts for the perlod In whlch they are received.
Donatlons In kind are recogn15ed by the Charlty when received except In the case of Services provlded free or
undervalue by voluntary staff or others whlch are not reflected In the accounts.
Interest Recelvable
Interest on funds held on deposit Is Included when recelvable and the amount can be measured rellably by the
Charlty; thls Is normally upon notlflcatlon of the Interest pald or payable by the Bank.
Expendlture
Llabllltles are recognlsed as expendlture as soon as there Is a legal or constructlve obllgatlon tommlttlng the
charlty to that expenditure, It Is probable that a transfer of economlc benefits wlll be requSred Sn settlement
and the amount of the obllgètlon can be measured reliably. Expendlture Is accounted for on an accruals basls
and has been classified under headlngs that aggregate all cost related to the category. Where costs cannot be
dlrectly attrlbuted to partlcular headings they have been allocated to actlvltles on a basis conslstent wlth the
use of resources.
Repalrs and Malntenance
The charges in the Statement of Flnanclal Actlvltles In respect of Cycllcal Malntenance and Extraordinary
Repalrs reflect the Trustees, constant concern to keep the propertles In good condltlon, and are In accordance
with the Almshouse Assoclatlons, recommendatlon that Almshouse Charltles should set aslde each year
speclflc sums In thls respect. Transfers are made from the Revenue Reserve each year to the Extraordlnary
Repalr Reserve to cover extraordlnary repalrs as they arlse and to the Cycllcal Malntenance Reserve to cover
repalrs whlch arlse on a cyclScal ba$ls.
Support Costs
The Chaflty'5 governance costs are allocated entlrely to the Almshouse Costs slnce support Costs relatln8 to
other actlvltle5 are consldered Immaterlal.
Tanglble flxod Issets
Houslng Propeitles
The hou51ng propertles are Included in the accounts at thelr Insurance relnstatement value. Additlons after
ebch revaluatlon are Included at cost untll a further revaluatlon.
The houslng propertles are not depreclated as revaluatlons are performed wlth sufflclent re8ularlty to ensure
that the carrylng amounts are not materlally mlsstated.
The cost of refurblshment and Improvements to the ex15tlng property are wrltten off to the Revenue Reserve
as Incurred. Any major Improvements or extenslons to the property are capltalised.
Investments
Investments are shown on the Balance Sheet at thelr market valu& Changes In market value durln8 an
accountlng perlod are reflected In the accounts as unreallsed galns and losses, Upon dlsposal of an
Snvestment the dlfference between the origSnal cost and disposal proceeds is reflected in the account5 a5 a
reallsed galn or10s5 and an adjustment Is made to unreallsed gains or losses to reverse unreallsed movements
Sn value In earller years.
Debtors
Contributlons and other debtors are recognlsed at the settlement amount due. Prepayments are valued at the
amount prepald net of any trade discounts due.
-12-

WINNOCKS AND KENDALLS ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MAY 2024
ACCOUNTING POLICIES- contlnued
Cash at Bank and In Hand
Cash at bank and cash In hand Includes cash and short term highly Ilquid investments with a short maturlty of
three month5 or less from the date of acqulsltlon or openin8 of the deposit or slmllar account,
Credllors and Provlslons
Creditor5 and provlslons are recognlsed where the Charity ha5 a present obllgatlon 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 estimated rellably. Creditor5 and provlsions are normally recogni5ed at their settlement
amount after allowlng for any trade dlscounts due.
Flnanclal Inslruments
The Charlty only has flnancial assets and financial Ilablllties of a klnd that quallfy a5 baslc flnantlal Instruments.
Basic flnanclal Instruments are Initlally recognised at transactlon value and 5ub5equently measured at thelr
settlement value.
Taxatlon
The Charlty Is exempt from tax on Its charltable actlv5tles.
INVESTMENT INCOME
2024
2023
Dlvldends recelvable
Interest recelvable
1,154
7,260
1,009
4,498
8,414
5,507
INCOME FROM CHARITABLE ACTIVITIES
2024
Almshouse
actlvlty
2023
Total
actlvltles
Contrlbutions recelvable
Losses from volds
277,220
112,7241
262,165
(5,4871
264,496
9,693
2,228
256,678
10,356
2,280
Gas contributlon5 recelvable
Water contributlDns receivable
276,417
269,314
-13-

WINNOCKS AND KENDALLS ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MAY 2024
CHARITABLE AcfiviTIES COSTS
Direct
Costs (see
note 61
Support
Costs (see
note 71
Totals
Almshouse activlty
221,796
44,692
266,488
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
Staff costs
Vacant property costs
Water char8e5
Insurance
Ught and heat
Repalrs and malntenance
Cycllcal malntenance
Extraordinary repalrs
G3rdenlng
Carellne
Cleaner
Telephone
Sundry expenses
Houslng loan Interest
2,400
392
2,850
4,948
15,911
35,463
30,804
67,965
12,718
4,517
1,751
2,988
1,031
38,058
2,400
157
4,147
4,237
17,078
42,682
30,214
62,371
12,042
5,026
838
2,656
2,018
39,103
221,796
224,969
SUPPORT COSTS
Governance
costs
Management
Flnance
Totals
Almshouse activlty
34,326
286
10,080
44,692
-14-

WINNOCKS AND KENDALLS ALMSHOUSE CHARITY
NOTES TO TPIE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MAY 2024
SUPPORT COSTS- continued
Support Costs, included in the above, are as follows..
2024
Almshouse
actlvity
2023
Total
activltles
staff costs
Clerks fees
Professlonal fees
Subscriptlons
Bank charges
Auditors, remuneratlon
Audltors, remuneration for non audlt work
2,400
25,800
5,544
582
286
6,870
3,210
2,400
25,800
4,680
413
324
6,540
3,060
44,692
43,217
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneratlon or other beneflts for the year ended 31 May 2024 nor for the year
ended 31 May 2023.
Trustees, expenses
There were no trustees, expenses paldfor theyear ended 31 May 2024 nor forthe year ended 31 May 2023.
STAFF COSTS
2024
2023
Wages and salarles
4,800
4,800
4,800
4,800
The wages and salarles are In respect of the waTden, the cost of whlch Is allocated equally between the dlrect
costs of charltable artlvlties and mana8ement costs.
The average monthly number of employees durlng the year was as follows:
2024
2023
Warden
No employees recelved emoluments In excess of £60.0(X).

WINNOCKS AND KENDALLS ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MAY 2024
io.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES
Unrestrirted
funds
Restricted
fund5
Endowment
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Charltable actlvities
Almshouse activity
269,314
269,314
Investment Income
5,507
5,507
Total
274,821
274,821
EXPENDITURE ON
Charltable actlvltle5
Almshouse activlty
268,186
268,186
6,635
6,635
Net 8alnsll1055e5) on investments
11,6091
{1,6091
NET INCOME
5,026
5,026
Transfers between fvnds
119,903)
19,903
Other recogn15ed 8alns/llossesl
Galns on revaluatlon of fixed assets
1,154,275
1,154,275
Net movement In funds
{14,8771
1,174,178
1,159,301
RECONCILIATION OF FUNOS
Total funds brouBht forward
359,217
830,942
5,004,182
6,194,341
TOTAL FUNDS CARRIED FORWARD
344,340
830,942
6,178,360
7,353,642
-16-

WINNOCKS AND KENDALLS ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MAY 2024
ii.
TANGIBLE FIXED ASSErs
Housin8
properties
Land
Totals
COST OR VALUATION
At ljune 2023
Revaluations
200,000
7,570.476
151.411
7,770,476
151,411
At 31 May 2024
200,000
7,721,887
7,921,887
NET BOOK VALUE
At 31 May 2024
200,000
7,721.887
7,921,887
At 31 May 2023
200,000
7,570,476
7,770,476
Cost or valuatlon at 31 May 2024 Is represented by:
Housln8
propertles
Land
Tolals
Accumulated revaluatlon 8ains
C05t
200,000
3,929,771
3,792,116
4,129,771
3,792,116
200,000
7,721,887
7,921,887
The land Is carrled at the Trustees valuatlon of E200.000 as at 31 May 2019. The houslng propertles were
revalued durln8 the year ended 31 May 2024 at thelr Insurance reln5tatement value as at 30 June 2024 of
£7,721,887.
12.
FIXED ASSEf INVESTMENTS
Usted
Investments
MARKET VALUE
At l June 2023
Revaluatlons
122,519
11,198
At 31 May 2024
133,717
NETBOOKVALUE
At 31 May 2024
133,717
At 31 May 2023
122,519
There were no Investment a55ets outslde the UK.
-17-

WINNOCKS AND KENDAILS ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MAY 2024
12.
FIXED A5SEf INVESTMENTS- contlnued
Cost or valuatlon at 31 May 20241s represented by,
Llstèd
Investments
Actumulated revaluatlon gains
Cost
29,493
104,224
133,717
13.
DEBTORS: AMOUNTS FAiIING DUE WITHIN ONE YEAR
2024
2023
Contrlbutlons In arrears
Other debtors
Prepayments and accrued Incijme
15,366
106
2,693
8,974
229
2,499
18,165
11,702
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Bank loans (see note 16)
Contrlbutlons recelved In advance
Other credltors
Accruals and deferred Income
17,637
10,628
4,168
15,008
20,726
10,327
3,984
14,238
47,441
49,275
15.
CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR
2024
2023
Bank loanslsee note 16)
722,810
740,448
-18-

WINNOCKS AND KENDALLS ALIVISHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED31 MAY 2024
15.
CREDITORS: AMOUNTS FALLING DUE A￿ER MORE THAN ONE YEAR
2024
2023
Bank loans Isee note 161
722,810
740.448
16.
LOANS
An analy51s of the maturity of k)ans Is 8lven below:
2024
2023
Amounts falllng due wlthln one year on demand:
Houslng Loan
17,637
20,726
Amounts falling between one and two years:
Houslng loan 1-2 Years
18,772
22,110
Amounts fallln8 due between two and five years..
Houslng Loan 2-5 Years
64,811
72,996
Amounts falllng due in more than flve years:
Repayable by Instalments:
Houslng Loan more than S Years
639,227
645,342
17.
SECURED DEBTS
The followlng secured debts are Included wlthln credStors:
2024
2023
Bank loans
740,447
761,174
The houslng loan Is secured by a legal char8e on the land and bulldlngs at 1 7 Wlnnocks and 23, 23a and 23b
Mllltary Road, also kn¢)wn as George Rose House.
-19-

WINNOCKS AND KENDALLS ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MAY 2024
18.
MOVEMENTIN FUNDS
Net
movement
In funds
Transfers
between
funds
At
31.5.24
At 1.6.23
Unrestrlcted fund5
Cycllcal Maintenance Reserve
Extraordinary Repair Reserve
Revenue Reserve
41,788
78,591
223,961
130,804)
162,232)
122,577
40,436
26,222
187.384)
51,420
42,581
259,154
344.340
29,541
(20,726)
353,155
Restrlrted funds
Soclal Housing Grant Fund
Colchester BC Grant Fund
1- 7 Wlnnocks Colchester BC Grant Fund
378.777
2,759
449806
378,777
2,759
449,406
830,942
830.942
Endowment funds
Charltable Fund Property Reserve
Houslng Propertles Revaluation Reserve
2,200,000
3,978,360
20,726
2,220,726
4,129,771
151hll
6,178,360
151,411
20,726
6,350.497
TOTAL FUNDS
7.353,642
180,952
7,534,594
Net movement In funds, Included In the above are as follows:
Incomlng
resources
Resources
expended
Galns and
105ses
Movement
In funds
Unrestrlcted funds
Cycllcal Malntenance Reserve
Extraordinary Repalr Reserve
Revenue Reserve
130,8041
167,965
167,7191
130,804)
162,232)
122,577
5,733
5,465
284,831
284,831
1266,488)
11,198
29,541
Endowment funds
Houslng Propertles Revaluatlon ReseThe
151,411
151,411
TOTAL FUNDS
284,831
1266,488)
162,609
130,952
-20-

WINNOCKS AND KENDALLS ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MAY 2024
18.
MOVEMENT IN FUNDS- tontlnued
Comparatlves for movement In ￿ndS
Net
movement
in funds
Transfers
between
funds
At
31.5.23
At 1.6.22
Unrestrlcted funds
Cycllcal Malntenance Reserve
Extraordinary Repair Reserve
Revenue Reserve
139,717
14,653
204.847
134,0951
{59,5071
98,628
163,S34)
123,445
179,514)
41,788
78,591
223,961
359,217
5,026
119,9031
344.340
Restrlrted funds
Soclal Houslng Grant Fund
Colchester BC Grant Fund
1- 7 Wlnnocks Colchester BC Grant Fund
378,777
2,759
449,406
378,777
2,759
449,406
830,942
830,942
Endowment funds
Charltable Fund Property Reserve
Houslng Propertles Revaluatlon Reserrfe
2,180,097
2,824,085
19,903
2,200,000
3,978,360
1,154,275
5.004,182
1,154,275
19,903
6,178,360
YOTAL FUNDS
6,194,341
1,159.301
7,353,642
Comparatlve net movement In funds, Included In the above are as follows:
Incomln8
resources
Resources
expended
Galns and
losses
Movement
In funds
Uniestrlcted funds
Cyclical Malntenonce Reserve
Extraordlnary Repalr Reserve
Revenue Reserve
130,2141
{62,371)
1175.6011
13,8811
2,864
5921
134,0951
159,5071
98,628
274,821
274,821
1268,1861
{1,6091
5,026
Endowment funds
Houslng Propertles Revaluation Reserve
1,154,275
1,154,275
TOTAL FUNDS
274,821
1268,186)
1,152,666
1,159,301
-21-

WINNOCKS AND KENDALLS ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MAY 2024
18.
MOVEMENT IN FUNDS- contlnued
Charltable Fund Property Reserve
Thls Reserve Is part of the permanent endowment of the Charity and represents the cost of propertles
financed by the Charlty's own resources, thls being the cost of housing propertles net of capltal out5tandlng on
the loan from The Charlty Bank.
HouslnE Propertles Revaluatlon Reserve
Thls Reserve Is part of the permanent endowment of the Charlty and represents the surplus on revaluatlon of
the houslng properties.
Soclal Houslng Grant Fund
The Sotlal HouslnE Grant Fund Is a restrlcted fund and represents grants recelved from the Houslng
Corporation of £378,777 in connectlon wlth the houslng property Improvements. The charity would be
requlred to repay the grant In full If the housSn8 propertles for whlch these grants were awarded are
subsequently sold.
Colchester BC Grant Fund
The Colchester BC Grant Fund Is a restrlcted fund and represents a grant recelved from Colche5ter Borough
Councll of £2,759 durln8 the year ended 31 May 1999 In connection wlth the bathroom Improvements at 10
Wlnnocks.
1-7 Wlnnocks Colchester 8C Grant Fund
The 1-7 Wlnnocks Colchester BC Grant Fund 55 a restrlcted fund and represents grants recelved from
Colchester Borough Councll of £449,406 during the years ended 31 May 2019 and 31 May 2020 Sn connectlon
wlth the housln8 property redevelopments at I to 7 Wlnnocks. The charlty would be requ5red to repay the
grant In full If the houslng properties for whlch these grants were awarded are subsequently sold.
Cycllcal Malntenance Reserve
A transfer Is made from the Revenue Reserve each year to the Cycllcal Malntenance Reserve to c(wer cycllcal
repalrs as they arlse. The transfer ts a speclfic amount as agreed by the Trustees each year.
Extraordlnary Repalr Reserve
A transfer Is made from the Revenue Reserve each year to the Extraordlnary Repalr Reserve to cover
extraordlnary repairs and Improvements to the housln8 propertles If necessary. The transfer Is a speclflc
amount as agreed by the Trustees each year.
Revenue Reserve
The Revenue Reserve represents part of the accurnulated surpluses of the Charlty and 15 avallable for the
general purposes of the Charlty, In addltlon to thls, any downward revaluatlon of the hou51ng propertles held
where no prevlous revaluatlons can be offset of the same asset Is recognlsed In the Revenue Re5eTve and any
subsequent upward revaluatlOll5 are reco8nlsed In the Revenue Reserve up to the value of the Inltlal
downward revalultlon prevlously reco8nlsed.
19.
RELATED PARTY D15CLOSURES
There were no related party transaction5 for the year ended 31 May 2024.
-22-

WINNOCKS AND KENDALIS ALMSHOUSE CHARITY
DETAILED STATEMENT OF FINANaAL ACTIVITIES
FOR THE YEAR ENDED 31 MAY 2024
2024
2023
INCOMEAND ENDOWMENTS
Investment Income
Divldends receivable
Interest recelvable
I,IS4
7,260
1,009
4,498
8,414
5,507
Charltable actlvltles
Contrlbutlons recefvable
Losses from volds
Gas contrlbutlons recelvable
Water contrlbutlons recelvable
277,220
112.724)
9,693
2,228
262,165
15.4871
10,356
2,280
276,417
269,314
Total Incomlng resources
284,831
274,821
EXPENDITURE
Charltable actlvltles
Staff costs
Vacant property costs
Water charges
Insurance
Llght and heat
Repalrs and malntenon¢e
Cycllcal malntenance
Extraordlnary repalrs
Gardenlng
Carellne
Cleaner
Telephone
Sundry expense5
Hou51n8 loan Interest
2,400
392
2,850
4,948
15,911
35,463
30,804
67,96S
12.718
4,517
1,751
2,988
1,031
38,058
2,400
157
4,147
4,237
17,078
42,682
30,214
62,371
12,042
5,026
838
2,656
2,018
39,103
221.796
224,969
Support costs
Management
Staff costs
Clerks fees
Professlonal fees
Carried forward
2.400
25,800
5,544
33,744
2,400
25,800
4,680
32,880
Thls page does not form part of the statutory flnanclal statements

WINNOCKS AND KENOALLS ALMSHOUSE CHAR
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MAY 2024
2024
2023
Management
Brought fonKard
Subscrlptlons
33.744
582
32.880
413
34,326
33,293
Flnance
Bank charges
286
324
Governance costs
AudStors' remuneration
Audltors, remuneratlon for non audlt work
6,870
3,210
6,540
3,060
10,080
9,600
Total resources expended
266,488
268,186
Net Income
18,343
6,635
This page does not form part of the statutory flnanclal statements
-24-