CHARITABLE INCORPORATED ORGANISAnON AEGIST£RED CHARITY NUMBER.. 1158167 WINNOCKS AND KENDAUS ALMSHOUSE.CHARITY FINANCIAL STATEMENTS FOR YEAR ENDED 31 MAY 2025
WINNOCKS AND KENDAIiS ALMSHOUSE CHARiri CONTENTS OF THE FINANCIALSTATEMENTS FOR THE YEAR ENOED 31 MAV 2025 Page Report of the Trustees I to 5 Report of the Independent Audltors 6 to 9 Statement of Hnanclal Actlvltles io Balance Sheet li Notes to the Flnanclal Statements 12 to 23 Detslled Statement of f Inanclal Actfvltles 24 to 25
WINNOCKS AND KENDALLS PLMSHOUSE CHARiri REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 31 MAY 2025 The Trustees present thelr report along with the flnanclal statements of the charlty for the year ended 31 May 2025. The trustees have adopted the W0$10n5 of the Statement of Recommended Practke ISORPI "AccouTrtlng and Reportlng by Charltles" In preparlng the amual report and financlal statefflents of the charlty. The flnanclal Statements have been prepared In accordance wlth the attountlng pollcles set out In notes to the accounts on pages 12 to 14 and comply with the charity's governlng durnent, the Charltles Act 2011 and Accountlng and ReportlnE by Charltles: Statement of Recommended Practtce appllcable to charltles preparlng thelr accounts In accordance wlth the Rnanclal RewJrtln& Standard appllcable In the UK and Republlc of Ireland publlshed In October 2019, OBJECTIVES AND AcfiviTIES ObJe¢tlves and alms The object of the Charlty Is the provlslon of svclal houslng In the form of almshovse accommodatlon and as50clated amenltles for poor persons who shall be resldent In Colche5ter at the tlme of thelr appolntment. Appllcatlon of Income The net Income shall be applled first to repalr, Insure and meet all other outgolngs In re5PECt of the charltls propertles and 311 proper costs of the Charltvs admlnlstratlon and managemenL Thereafter net Income shall be applled forthe beneflt of the almspeople of the Charlty. Slgnlllcont actlvltles The Charlty almsto PrOde almshouses to a Oecent Homes Stsndard for Its beneflclal class. The Chatlty currently pr¢)vldes forty three aknshou5es and Its alm Is to utillse these a5 fèr a5 posslble to meet the oblectlves of the Charlly. Publlc beneflt These actlvltles are consldered to be for the pubElc benefit and In runnln8 the Charlty the Trustees have regard for the Charlty Commlsslon guldance on publk beneflt. ACHIEVEMENTS AND PERFORMANCE Chailtable actlvltles The Trustees noted the retlrement of Mr John Bradley from the Trustee Body. Mr Bradlerfs flnanclal acumen had been at the forefront of the Tedevelopment of 1 - 7 Wlnnocks when hls Chalrmanshlp of the Flnance Commlltee ensurlng all ne$sary due dlllgence was undertsken and the flnarKlal success of th15 project was achlevtrd. Mr 8radle¥ had been a Trustee for many years and hls seNlce to the Charlty had been lrnmea5uratle. The Trustees We pleased to welcome Mrs Cèrolyn Munson to the Trustee Body. Mrs Munson is a Chartered Bulldln8 Surveyor and wlll be an asset te the Trustee Bodv. The Trustees contlnue to be concemed for welfare of resklents and the malntenance of the houslng stock. The House Commlttee contlnued to vlslt residents In thelr almshouses. There were refurblshments undertaken at two almsknuses wlth one requlrln# only redecoratlon but other needlng replacement kltchens and shower. The Trustees were delighted to be able to cooperate with Cokhester EnEagement and Next Steps - a NlghtshelterlHomeless Charity to house one of thelr cllents. It Is hoped the Winnocks and Xendalls can help more pefJple who are homeless as vacancles allow. Thè Charlty has complied with the Hoijsing Ombudsman's Complalnts Handllng Code thr(MJghout the year and has submltted a self-assessmont report coverlng the perlod I" June 2024 to 31" May 2025, a copy of whlch Is available on request. During the year ended we received no fDnnal complalnts, and no cases were referred to the IndependÈnt Houslngombudsman.
WINNOCKS AND KENDALLS ALMSHOUSE CHARITY REPORT OF THE TRusfEES FOR THEYEAR ENDED 3IMAY 2025 FINANCIAI REVIEW Flnanclal posltlon The Charlty's flnanclal posltlon Is as Set wt In the Balan Sheet on page 11 and Is consldered sat15factory. Reserve5 poIIcy The charlty's pollcy on reserves Is to maSntsln sufflclent reserve5 to enable the Charlty to contlnue to achleve Its prlnclpal oblectlves. FUTURE PLANS The Trustees are mlndful of the Chorlvs loan wlth Charlty Bank and the Increaslng Interest rates. The morlgage wa5 renewed at an Increased Interest rate butflxed agaln for a flve year perlod In May 2024. As propertles become vacant. Trustees ale CmIsSIon1 refurblshments to ensure the almshouses are of a hl£h Standard when occupled. The Tfustees have Increased the weekly malntenance contrlbjtlons to allow fN Investments In ERF and CMF. The weekly malntenance Contrlbutlon remalns at the Local Hou51ng Allowance level to ensure It15 affofdable to everyone. In November 2025 all resldents would have thelr wmc IreaSed ensur7 Inueased IncL¥ne to cover the Increaslng Costs of malntenance of these Llsted bulldlngs. The Tnjstees are looklng at the provlslon of the telephonelbroadband servlce In 1- 78 almshouses vAth a vlew to other optlons. STRUCTURE, GOVERNANCE AND MANAGEMENT GovernSng document The Charlty Is governed In accordance wlth J constltutlon dated 19 June 2014 a5 amended by resolutlon5 of the trustees on 7 March 2016 and 25 July 2016. Recrultmeht and appolntment ol new trustee5 As vacancles for Trustees arlse appllcatlons 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 Trustees. Organlsatlonal stYuctuYe Day to day admlnlstratlon of th* Charlty bs carrled out by the Clerk who reports to the Trustees. The Trustee body Is dlvldèd Into sub-commlttees to deal wlth FInan of the Charlty, Fabrlc of the Charlty and House Iresldent matter51 of the Charlty. These 5ub-commlttees meet as required between meetings of the lull Trustee body. The Chalmian of the sub-commlttees report thelr dlscussloDs to the f1 Tnjstee meetings. Indurtlon and tralnlng of newtrustees New Trustees are brlefed by the Clerk and the exlstlngTrustee5 on the hlstory and actlvltles of the chaty. They Jre provlded wlth a copy of the Charlty Comm15slon publicatlon Yhe E55entlal Trustee" detalllng thelr re5p0nslbllltS and priwldlng guldance on belng a Trustee. New Trustees are provlded wlth a copy of the Charlty Scheme and the latest accounts. Related partle5 There are no other charltle5 related to Winnocks and Kendalls Almshouse Charlty. The aerk to the Charlty Is also Clerk to other almshouse charitle5 In Essex and Suffolk.
WINNOCKS AND KENDAIIS AiMSHOUSE CHAR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2025 STRUCTURE, GOVERNANCE AND MANAGEMEMr Risk management The trustee5 have a duty to Identlfy and revlew the r15ks to which the charlty Is exposed and to ensure approprlate controls are In Pla to provide reasonable assurance agalnst fraud and error. Through the employment of professlonal advlws the Trustees seek to ensure that all of the Charlvs management and declslon maklng processes take full acc¢nt of, and comply wlth, felevant le8lslatlon and reEulatory controls. Insurano Includlng property ownershlp and public Iiablllty ts reassesséd annually. REFERENCE AND ADMINISTRATI1 DETAIL5 ReElstered Charlty number 1158167 Prlnclpal addre$5 18 Newbrldge Hlll West 8ergholt Colchester Essex C06 3ER Trustees J Enfleld- Chalrman Mrs W Allen Mrs S Len8 J Bradley- Vl¢e Chalrman Iresl8ned 241Y25) Mr5 P Sharman M5 A Danlell C Andrew5 B Taylor-vlce chalrman A Ellls lappolnted 2181241 Mrs C Munson lappolnted 26111251 Audltovs TC Group Town Wall House Balkerne Hlll Colchester Essex C03 3AD Sollcltors Messrs John FovAer5 LLP Town Hall Chambers St Runwald Street Colchester E55ex Coi IDS
WINNoa(S ANO KENDALLS ALMSHOUSE CHARITY REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MAY 2025 REFERENCE AND ADMINisfRATIVE DETAILS Bankers Barclays Bank PIC 9 HIEh Street Colchester Essex COI IDA CAF Bank Ltd 25 Klngs Hlll Avenue West Malllng Kent ME19 4JQ aerk to the Charlty Mrs Clare Heyes 18 Newbrld8e Hlll West Bergholt E55ex C063£R Consultant SuNeyo Messr5 Danlel Connal Partnershlp 780 The Crescent Colche5ter Buslness Park Colchester C04 9YQ Consuftant Archltects Purcells St Marf5 Hall Rawstorn Road Colchester Essex C03 3JH TRUSTEES, RESPQN51BILifi STATEMENT The trustees are responsible for weparlng the Report of the Trustee5 and the Anar131 statements In accordan¢e wlth appllcable law and Unlted Klngdom Accountin8 Standards Iunlted Kingdom Generally Accepted Accountlng Practlcel Includlng Flnanclal Reportlng Standard 102 Yhe Flnanckl Reportlng Standard appllcable In the UK and Aepubllc of Ireland" The law appllcable to Charltbes In England and Wales. the Charltles Act 2011, charlty IAccounts and Reports) Regulatlons 2008 and the provlslons of the trust deed requlres the trustees to prepare flnanclal statements for each flnanclal year whlch give a true and falr view of the state of affalrs of the charlty and of the Incomlng resources and appllcatlon of resources, Including the Income and expendlture, of the charlty for that perl(Ml. In preparlng those flnanclal statements, the tnJste*s are requlred to select sultable accountlng polldes and then apply them conslstently: observe the method5 and princlples In the Charity SORP: make judgements and estlmates that are reasonable and prudent; prepare the flnancial statements on the golrtg concern bhsis unless It Is Inapproprlate to presume that the charltv wlll £ontlnue In buslness.
WINNOCKS AND KENDALLS ALMSHOUSE CHARITY REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31 MAY 2025 TRUSTEES, RESPONSIBILITY STATEMtl+if- contlrnied The trustees are responslble for keeping proper accounting records whlch dlsclose with reasonable accuracy at any tlme the flnanclal position of the charlty and to enable them to ensure that the flnancSal statements comply with the Charitles Act 2011. the Charity (Accounts and Report51 Re8ulations 2008 and the provlslons of the trust deed. They are also responslble for safeguarding the assets of the chBrlty and hence for taking reasonable Steps for the preventlon and detectlon of fraud and other irre8iJlaritle& Approved by order of the board of trustees on . ! 0: 1 •: 31>2,f............. and signed on its behalf by: l Enlleld-T ustee
REPORT OF THE INDEPENDENT AUOITORS TOTHE TRUSTEE5 OF WINNOCt<S AND KENDALIS ALMSHOUSE CHARITY Oplnlon We have audlted the flnanclal ststements of WlnnLKks and Kendalls Almshouse Charlty (the 'charltV) for the year ended 31 May 2025 whlch comprise the Statement of Flnanclal Actlvltles, the 83lance sheet and notes to the financlal statements. IncludlnE a summary of slgniflcant accountlrig polides. The flnafidal reportlng framework that has been applied In thelr preparatlon Is appllcable law and Unlted Klngdom Accounting Standards Iunited Klngdom Generallv kcepted Accountlng Practlcel, Including Flnanckl Reportlng Standard 102 'The Flnanclal Reportlng Standard appllcable In the UK arKI Republlc of Ireland.. In our oplnlon the financlal statements., Elve a true and falr vlew of the state of the charlvs affalrs as at 31 May 2025 and of Its Incomlng resources and appllcatlon of resource5, for the year then ended; have been properly prepared In accordance wlth Unlted Klngdom Generally Accepted Accountlng Practfce, Includlng Flnanclal Reportlng Standard 102 Yhe Flnanaal ReporNng Standard 3ppllcable in the UK and Republlc of Ireland,, and have been prepared In CordanCe with the requlrements of the Charltles Act 2011. Bas15 for oplnSon We conducted our audlt In accordance wf(h Internatlonal Standards on AudltlnE IUKI IISAs IUKII and appllcable law, Our responslNlltSes under those standards are further descrlbed In the Audltors, responslbllitles for the audlt of the flnanclal statements sectlon of our rep¢Xt. We are Independent of the charlty In accordance wlth the ethlc31 requlrements that are relevant to our audlt of the flnanclal statements In the UK. Includ1 the FRCS Ethlcal Standard, and we have fulfllled our other ethlcèl re5ponslbllltles In accordance wlth these requlrements. We belleve that the audlt evldenee we have obtslned Is sulflclent and approprlate to provlde a bo515 for our oplnlon. Concluslons relatlng to 8olng concem In audltlng the flnanclal statements, we he concluded that the tru5tee5' Use of the golng conrn basls of accountlng In the preparatlon of the finarKlal ststements Is approprlate. Based on the work we have performed, we have not Identlfled any matertal uncertalnUe5 relatlng to events or ¢ondltlons that. Indlvldually or collectlvety, may Gist slgnrflcant d¢)ubt on the charltvs ablllty to tontlnue as a gdng concern fora pertod of at least ts¥elve months from when the finandal statements are authoflsed for Issue. Our respon51bllltles and the re5ponslbllltles of the tnjstees wlth respect to golng Canrn are descrlbed In the relevant sectlons of thls report. Olher Infomiatlon The other Informatlon compr15es the Informatlon Included In the annual report other than the flnanclal statements and our audltor's report thereon. The trustee5 are responsible for other Informatlon contslned wlthln the annual report. Our opinlon on the financlal statements does nrt cover the other Informatlon and, except to the extent otherwlse exl¢st1¥ stated In our report, we do not expres5 any form of assurance concluslon thereon. Our responslblllty Is to read the other lrformatlon and. In dolng 50, conslder whether the other Informatton 15 materlally Inconslstent th the flnanclal statements or our knowledge obtalned In the course of the audlt. or otherwlse appear5 to be materlally mlsstated. If we Identlfy such material Inconslstencles or apparent materlal misstatements, we are requlred to determlne whether thls glves rlse to a materlal mlsstatement In the financlal statement5 themselves. If, based on the work we have performed, condude that there Is a materlal mlsstatement of thls other Inform8tlon. we are requlred to rep)rt thatfacL We have nothing to report In this rard.
REPORTOFTHE INDEPENDENT AUDITORSTOTHETRUSTEES OF WINNOCKS AND KENDALLS ALMSHOUSE CHARIIY Matters on vthlch we are required to report by exceptlon We have nothlng to report In respect of the follow1r matters In relatlon to which the Charltles (Accounts and Reports) Regulatlons 2008 requires us to report to you If. In our oplnlon: the Informatlon glven In the trustees. report Is Incon51stent In any material respect wlth the financlal ststements; or sufficient accountlng records have not been kept,. CY the flnanclal statements are not In agreement with the acCounu record5; or we have not recelved all the Information and explanatlons we requlre for our audlt. RespDnsSbllltles of trustees As explalned more fully In the Trustees, Responslbilitles Statemen¢ the trusteos are respon51ble for the preparatlon of thE fln3nclal statement5 whlch glve a true and fhlr vlew, arKI for such Internal control as the trustees detem)Ine Is ne¢esS3ry to enable the preparatlon of flnanclal statements that are free from materlal mlsstatement, whether to fraud or error. In preparlng the flnanclal statements, the trustees are responslble for assess1 the charlty'5 ablllty to contlnue as goln8 concem, dlscloslng, as applicable, matters tated to golng concern and uslng the golng concern bas15 of accountlng unless the trustees eItr Intend to Ihjuldate the charlty or to cease operatlons or have no reallstlc alternatlve but to do 5Q. Our responsSbllltles forthe audlt of the flnanclal statements We have been appolnted 35 audltors under Sectlon 144 of the Charltles Act 2011 and report In accordance wlth the Act and relevant regulatlons made 01 havln8 effect thereunder. Our oblectlves are to obtaln reasonable assuiance aknut whether the flnanclal st?tements as a whole are free from rn)terial mlsstatemenL whether due to fraud or er1. and to Issue a Report of the Independent Audltors that Includes our oplnlon. Rea50nable assurance Is a Nsh level of assurance, but Is not a guarantee that an audlt conducted In accordance wlth ISAS IUKI wlll always detect a materlal mlsstatement when It exlsts. Mlsstatements can arlsa from fraud or error and are consldered materlal If. Indlvldually or In the aggregate, they could reasonably be expecled to Influence the ec0mIC declslons of useis taken on the basls of these flnanclal statements. Irregularltles, Includlng fraud. a Instances of n0n-compl1ae wlth laws and regulatlons. We deslgn procedures Inllne wlth our responsibSlltles, outllned above. to detect materlal rnlsstatements In respect of Irregularlties, Including fraud. The extent to whlch our prcKedures are capatde of detectln8 Irre8ularltle4 Inclvdlng fraud, Is detalled below.. The oblectlves of our audlt, In respect to fraud, are: to Identlfy and asses5 the rtsks of materlal mlsstatement of the flnanclal statements due to fraud; to obtaln sufflclent appropriate audlt evldence regardlng the a5se55ed risks of materlal mlsstatement dve to fraud, through deslgnlng and IMementIng approprlate responses; and to respond approprlately to fraud or suspected fraud Identlfled durlng the audlt. However, the PTlmary responslblllty for the preventlon and detectlon of fraud rests wlth both those charged wlth governance of the entlty and Its management.
REPORT OFThE INDEPENDENT AUDITORSTOTHE TRUSTEE50F WINNOCKS AND KENDALLS ALMSHOUSE CHARITY Our responslbllltles forthe audlt of the financial statements- contknued Our approach was as follow5: We Identlfled areas of laws and regulation5 that could reasonably be expected to have a materlal efft on the flnancial stalements from our general commerclal and sector experience, and through dlscus51on wlth the trustee and other management las required by audltlng standards), and dlscussed wlth the dlrectors and other management the pollcles and procedures regarding compliance wlth laws and regulaon5' We consldered the legal and regulatory framework5 dlrectly apICable to the flnancial statements roportlng framework {FRS 102, The Charltles Act 2011, UK GAAP IncludlnE Charltles SORP IFRS 10211 and the relevant tax compllance regulatlons In the UK; We consldered the rlsk of fraud through management overrkle and In response. we Incorporated testlng of manual Journal entrles Into ¢Jur audlt approach thTouEhout the flnanclal year: We consldered the rlsk of fraud through as5umptlons and Judgements used wlthln the accounung estlmates and In response, revlewed and scrutlnlsed these estlmates In order to detect posslble management blas,. We consldered the rlsk of fraud assoclated wlth the preparatlon of the flnanclal Statements and In response, tested the dlsclosures prepared agalnst relevant SUPPQrtlng documentatlon. 8ased on thls understandlng we desIgd our audlt procedures to Identlfy non<ompliance wlth such laws and regulatlons. Where the r15k was consldered to be hlghEr, we performed audlt procedures to address each Identlfled fraud rlsk. These proceduies Included: testlng manual journals; revlewlng the financlal statement dlsclosures and testlng to supportlng documentatlon,. p2rfo¥mln8 analytlcal procedures,. and enqulrlng of managemenL and were de51gned to provlde reasonable assurance that the flnanclal st3tements were free from fraud or error. Because of the Inherent Ilmltatlons of an aud5¢ there Is a rlsk that we may not detert all Irregularltles, In¢ludlng those leadlng to a mlsstatements In the flnanclal Statements or non-compllance wlth regulatlon, even though we have properly planned and perfomied our audlt In accordance wlth audltlng Standards. The rlsk Increases the more that compllance wlth a law or re8ulatlon Is removed from the events and transactSons reflected In the f)nantlal statements, as we wlll be less Ilkely to become aware of Instances of non-compllance. The rlsk Is a150 greater regardlng Irregularftles occurrlng due to fraud rather than error, as fraud Invofve5 Intentbonal concealment, for8ery• colluslon, omlsslon or mlsrepresentatlon. A further descrlptlon of our responslbllltles for the alIt of the ftnanclal ststements Is located on the Flnanclal Reportlr)g Councll's webs5te at www.f¥c.¢xg.uVaud1tSresPQn5lblIltte& Thls de5crlptlon forms part of our Rewrt of the IndependentAudltors.
REPORTOFThE INDEPENDENT AUDIToRSTOTHETRUEfS0F WINNQCKS AND KENDALLS ALMSHOUSE CHARITY Use of our report Thls report is made solely to the charlvs trustees as a bodyi In attordance wlth Part 4 01 the charle5 IAccounts and Reports) Regulatlons 2LK18. Ovr audit WOTk has been undertaken so that we rnlght state to the charfty's trustees those matters we are requlred to State to them In an auditors, report and for no other purpose. To the fullest extent permltteej by law, we do not accept or assume respon5iblllty to anY(e other than the charlty and the charlty'5 trustees as a body. for ovr audit worl for thls reporL or forthe oplnlons we have formed. YG4th)f TC Group statutory Audltors Town Wall House Balkerne Hlll Colchester Essex C03 3AD Dat TC Group Is ellglble for appolntment as auditor of the charlty by vlrtue of It5 elÈlblllty for appolntment as auditor of company under sectlon 1212 of the Companles Act 2006.
WINNOCKS AND KENDALiS ALMSHOUSE CHARIIY STATEMENT OF FINAPICIALAcfiviTIES FOR THEYEAR ENDED 31 MAY2(r25 2025 Total fund5 2024 Total funds Unrestricted funds Re5trltted funds Endowment funds Notes INCOME AND ENDOWMENTS FROM Charltable actlvltles Almshouse actlvlty 296,189 296,189 276,417 Investment Income 12,607 12,607 12,271 Total 308,796 308,796 288,688 EXPENDITURE ON Charltable actlvltle5 Almshouse actbvlty 255,542 255,542 266,488 53254 53,254 22,2 Net galns on Investments I46 2,846 7,341 NET INCOME 56,100 56,100 29,541 Transfer5 between fvnds 18 117,6341 17,634 other re¢ognlsed galnsl{1055es1 Galns on revaluatlon of flxed a55ets 257,915 257,915 151,411 Nel movement In funds 38,466 275,549 314,015 180,952 RECONCILIATION OF FiiNDS Totsl funds brought forward 353,155 a30,942 6,350.497 7,534,594 7,353,642 TOTAL FUNDS CARRIED FORWARD 391,621 830,942 6,626,046 7,848,609 7.534,594 CONTINUING OPERATIONS All Incume and expendlture has arlsen from contInul actlvltle& The note5 form part of these finandal statements -iO-
WINNOCKS AND KENDALLS ALMSHOUSE CHARITY BALANCE SHEET 31 MAY 2025 2025 Total funds 2024 Total funds Unfestricted funds Restricted funds Endowment funds Notes FIXEO ASSETS Tanglble asset5 Investments li 12 830,942 7,348,860 .179,802 140,669 7,921,887 133,717 140,669 140,669 830,942 7,34860 8,320,471 8,055,604 CURRENT A55ETS Debtors Cash at bank 13 12,723 264,202 12,723 264,202 18,165 231,076 276,925 276,925 249,241 CREDITORS Arnounts falling due withln one veaf 14 125,9731 {18,7721 (44,7451 147,4411 NET CURRENT ASSETS 250,952 18,7n) 232,180 201,800 TOTAL Assrrs LESS CURRENT LIABILITIES 391,621 830,942 7,330,088 8,552,651 8,257,404 CREDITORS Amounts falllng due after more than one year 15 1704.0421 1704,0421 1722,8101 NET ASSETS 391,621 830,942 6,626 046 7,848,609 7,534,594 FUNDS Unrestrlcted funds Restrl£ted funds Endowment funds 18 391,621 B30,942 6,626,046 353,155 830,942 6,350,497 TOTAL FUNDS 7,848,609 7,534,594 The financlal statements were approved by the Board of Trustees and authorlsed for 5ssue on and were 5b8ned on Its behalf by: J Enfleld - Trustee Mrs S Leng- Trustee The notes form part of these financlal statements -li-
WINNOCKS AND KENDALLS ALMSHOUSE CHARITY NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 LEGISLATIVE PROVLSIONS The Charity Is reg15tered with the Charlty Comm15slon as a Charltable Incorporated Or8anlsatlon. the Regulator of Social Houslng as a Reglstered Provlder of Soclal Houn8 and wlth the Natlonal Assodatlon of Almshouses as a Reglstered Aknshouse Charity. ACCOUNTING POLICIES Basls of preparlng the financlal statements The Ilnanclal statements of the charityi whlch Is a publlc beneflt entlty under FRS 102, have been prepared In accordance wlth the Charlties SORP IFRS 102) 'Accountln8 and Reportlng by Charltles,. Statement of Recommended Practice appllcable to charltles preparlng thelr accounts In accordance with the Flnanclal RePorn% Standord appllcable In the UK and RepLtbllc of Ireland IFRS 1021 leffedve l January 20191,, Flnancl81 Reportln8 Standard 102'The Flnanclal Reportlng Standard applIcae In the UK and Republlc of Ireland, and the Charltles Act 2011. The flnanclal Statements have been prepared under the hlstorlcal cost conventlon, wlth the exceptlon that houslng propertles are Included at valuatlon Investments whlch are Included at market value, For the purposes of presentatlon ihe I[nala1 statements are rounded to the nearest pound sterllng 1£) and are Incluslve of Value AddedTax. Whllst thls charlty Is a Reglstered Soclal Houslng Provlder followlng the Issue of new SORPS for both charltles and Reglstered ProderS appllcable for accountlng perlods commenclng on or after l January 2015, these accounts are prepared In accordance wlth the appllcable Charlty SORP sIre Its prlnclpal actlvlttes are not governed by the Landlord and Tenants Act 1985 and are forcharltable purposes. Fund accountln8 Restrlcted funds are funds recelved by the Charlty for a speclfic wrpose and can only be used forthat purpose. Unrestrlcted funds are avallable to spend on actlvltles that further any of the purposes of Charlty. Oeslgnated funds are unrestrlcted funds of the charlty whlch the trustees have declded at thelr d15cretlon to Set aslde to use for a spedtk purposa Endowment funds are non.expendable funds whlch are normally held Indeflnltely. Golng Q)ncem The accounts are prepared on a golng concern basls as there are N) materlal uncertalntles about the Charltvs ablllty to Contlnue. Income All income Is COgnISed In the Statemert of Flnanclal Actlvities once the charity has entltlement to the funds, It15 probable that the Inccffne wlll be recelved and the amount can be measured rellably. Income from government and othLY grts, whether 'caF4tal' grants Ix 'revenue' grant4 Is recognlsed when the Charity has entltlement to the funds any perfomance condltlons attached to the grants have been met, It Is probable that the Income wlll te recelved and the amount can be measured rellably and Is not deferred. If the Charlty disp05es of affordable houslng acqulred pursuant to the scheme durlng the grant period otherwlse Ill accordance wlth the terms of the agreemenL the amount of the grant recelved wlll be repayable In full back to the government. For legades, entltlement Is taken as the e¥ller of the date on whlch elther., the Charlty Is aware that probate has been granted. the estate has been finallsed and notificatlon has been made by the executorlsl to the Charlty that a dlstTllxJtlon w511 be made. or when a dlstrlbutlon Is recelved from the estste. -12-
WINNOCKS AND KENDALLS ALMSHOUSE CHARITY NOTESTO THE FINANCIAL STATEMENfs- contlnued FOR THE YEAA ENDEC> 31 MAY 2025 ACCOUNTING pouaES- contknued Income Donatlons and other voluntsry IoMe are reflerted In the accounts lor the perlod In which they are recelved. Donatlons In klnd are recognlsed by the Charlty when receNed except In the case of seNlces provlded free or undervalue by voluntary staff or others whlch are not reflected In the accounts, Interest Recelvable Interest on lunds held on deposltls Included when recelvable and the amount can be measured rellably by the Charlty. th551s normally upon notiflcatlon of the Interest pald or payaL4e by the Bank. Expendlture Llabllltles are recognlsed a5 expendlture as soon as dre1s a legal or constructlve obllgatlon commlttlng the ch3rlty to that expendlture, It Is wobable that a transfer of economlc benefits wlll be requlred In settlement and the amount of the obllgatlon tan me3sured reliably. Expendlturels accounted for on an accruals basls and has been clas51fied under headlngs that aggregate all cost related to the category. Where costs cannot be dlrectly attrlbuted to partlcular headSngs they have been allocated to actlvltks on a basls cons15tent wlth the use of resources. Repalrs and Malntenance The charges In the Statement of Flnanclal Actfvlttes In respect of Cycllcal Malntenance and Extraordlnary Repalrs reflect the Trustees, constant concern to keep the propertles In good condltlon, and are In accordance wlth the Almshouse Assoclatlon5' recomrnendatlon that Almshouse Charltles should set aslde each year speclflc sums In this respect. Transfers are made from the Revenue Reserve each year to the Extraordlnarv Repalr Reserve to cover extraordlnary repalrs as tw arlse and to the clICal Malntenance Re5Erve to cover repolTS whlch arlse on a cycllcal basls. Support Costs The Chèrlly's governance costs are all¢xated entlrely to the Almshouse Cost5 slnce 5UPPOrt costs latIng to other actlvltles ¥e consldered Immaterla. TanElble flxed assets Houslng Prupertles The houslng properties are Included lrt the accounts at their Insurance relnstatem•nt value. Addltlons after each revaluatiorb are Included at cost untll a further revaluatlon. The housSng propertles are not depreclated as revaluat1$ are performed wlth sufflclent regularlty to ensure thot the carrwng arnjts are not materlally mlsstated. The cost of refurblshment and Improvements to the estIng property are wdtten off tg the Revenue Reserve s Incurred. Any major Improvements ur extenslons to the property are capltallsed. Investments Investments are shown on the Balance Sheet at thelr rnarket value. Changes In market value durlng an accountlng PErl¢id are reflected In the accounts as unreallsed galns and EL)e5. Upon disposal of an Investment the difference between the orlglnal cost and disposal protteds Is reflected In the accounts as a realised galn or loss and an ad5u5trnent Is made to unreallsed g31ns c losses to reverse unreallsed movements In value In earlier years. Debtors Contrlbutlons and other debtors are recognlsed at the settlement amount due. Prepawnents ore valued at the amount prepald net of any trade dlscourtrts due. -13-
WINNOCKS AND KENDALLS ALMSHOUSE CHARITY NOTES TO THE FINANCIALSTATEMENTS- conthwed FOR THE YEAR ENDED31 MAY 2025 ACCOUNTING POLICIES- contlnued Cash at Bank and In Hand Cash at bank and cash In hand Indudes cash and short term highly Ilquld Investments wlth a short maturlty of three month5 or less Irom the date of acqulsltlon or openln8 of the deposlt or slmliar account. Credltors and Provlslons Credltors and provlslons are recognlsed where the Charity has a present obligatlon resulnE from a past event that wlll probably result in the transfer of funds to a thlrd party and the amourbt due to settle the obllgatlon can be measured or estlmated rellably. Credltors and Prs1OnS are normally recognlsed at thelr settlement amount after allowlng for trade dtscounts due. Flnan¢lal Instruments The Charlty only has flnanclal assets and flnanclal Ilabllitles of a klnd that quaiily a5 b651c flnanclal Instruments. Ba51c finanilal Instruments are Inltlally reccfnlsed at tran5acllon va5ue and subsequently measured at thelr settlement value. Taxatlon The Charlty Is exempt from tsx on Sts chadtsble actlvltle& INVESTMENT INCOME 2025 2024 Dlvldends recelvable Aecumulated share dlvldends recelvable Interest recelvable 1,168 4,106 7,333 1,154 3.857 7,260 12,271 For year endlng 31 May 2025 accumulotlon share dlvbdends have been dlsclosed for as Investment addltlon5 and Investment Income. The comparatlve amounts for the year ended 31 March 2024 have been reclasslfled to reflect the actumulatlon share dlvldends. For the year ended 31 May 2024 the total Irwestment Income has Increased from £8,414 to £12,271 wlth the net galns on Investments redyclng from £11,198 to £7,341, reflectlng the total accumulatlon share dlvidend5 recelved of £3.857. -14-
WINN0 AND KÉNDALLS ALMSHOUSE CHAR NOTES TO THE FINANCIAI STATEMENTS- crffjtlnued FOR THE YEAR ENDED 31 MAY2025 INCOME FROM CHARfTABLE AcnviTIES 202S Almshouse activlty 2024 Total actlvltles Contrlbutlons recelvable Losses from volds 290,024 16,5971 277,220 12,7241 283,427 9,705 3,017 40 264,496 9,693 2,228 Gas contrlbutlons recelvable Water contrlbutlons recelvab1e Car park Income recelvable 296,189 276,417 CHARITABLE ACTIVITIES COSTS Olrect Costs15ee note 61 Support costs (see note 71 Totals Almshouse actlvlty Z15,400 40,142 DIRECT CQSTS OF CHARtfA8LE AcfiviTIES 2025 2024 Staff costs Vacant property costs Water charges Insurance Llght and heat Repalrs and malntenance Cycllcal malntenance Extraordinary repalrs Gardenlng Carellne Cleènlng Telephone Bad debts Sundry expenses Hou51ng loan Interest 1,200 502 4,485 5,096 13,595 27,58Y 13,731 74,199 13,916 3.462 770 2,716 269 1,528 51348 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 38,058 215,400 221,796 -15-
WINNOCKS AND KENDALLS ALMSHOUSE CHARITY NOTES TO TAE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MAY 2025 SUPPORT COSTS Governance Costs Management Flnance Totals Almshouse actlvlty 29,319 263 10,560 40,142 Support costs, Included kn the above, are as follows: 2025 Almshouse actlvlty 2024 Almshouse actlvlty stsff costs Clerks fees Professlonal fees Subscrlptlons Bank charges Audltors, remuneration Audltors, remuneratlon for non audlt work 1,2 27,5ZO 2.400 25,800 5,544 582 286 6,870 599 263 7,212 3,348 40,142 TRUSTEES, AEMUNERATICW AND BENEFITS There were no trvstees, remuneratlcrf) or oT beneflts for the year ended 31 May 2025 nor for the year ended 31 May 2024. Trustees. expensqs There were no trustees, eypenses pald for the year ended 31 May 2025 norfor the year ended 31 May 2024. STAFF COSTS 2025 2024 Wages and salarles 2,400 4,800 The wages and salarles are In respect of the warden, the cost of whlch Is allocated equally bEtween the dlrect costs of charltable actlvltles and rnanagement costs. The average monthly number of employee5 durlng the yearwAs a5 follows: 2025 2024 Warden No employees recelved emoluments In excess of £60,(M -1
WINNOCI(S AND KENDAILS ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS- Contlnued FOR THE YEAR ENDED 31 MAY 2025 io. COMPARATIVES FOR THE STATEMENT OF HNANCIAL ACTIVITIES Unrestrlcted funds Re5trlcted fund5 Endowment funds Total fund5 INCOME AND ENOOWMENTS FROM Charliable adlvltles Almshouse actlvlty 276.417 276.417 Investment Income 12,271 12,271 Total 288,688 288 688 EXPENDITURE ON Charltable actlvltles Almshouse actlvlty 266,488 266,488 22,200 22,200 Nèt galn5 on Investments 7,341 NET INCOME 29,541 29,$41 Transfeis between funds 120,7261 20,726 other recognlsed galnslllosses) Galns on revaludtlon of flxed assets 151,411 151,411 Net movement In funds 8.815 172,137 180,952 RECONCILIATION OF FUNDS Total funds brought forward 344,340 830,942 6,178,360 7,353,642 TOTAL FUND5 CARRIEO FORWARD 6 350 497 7 534 594 -17-
WINNOCKS AND KENDALLS ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENts- contknued FOR THE YEAR ENDED 31 MAY 2025 ii. TANGIBIE FIXED ASSETS Freehold woperty Houslnz propertles Totals COST OR VALUATION At l June 2024 RevalLAatlon5 200,OOD 7,721,887 257,915 7,921,887 257,915 At31 May 2025 200,000 7,979,802 8,179,802 NET BOOK VALUE At 31 May 2025 200,000 7.979 802 8,179,802 At 31 May 2024 200,000 7,721,887 7,921,887 The land Is carrled at the TN5tees valuatlon of £2(KJ,OCKI as at 31 May 2019. The houslng prOPere$ were revalued durlng the year ended 31 May 2025 at thelr Insurance relnstatement value ?5 at 30 June 2025 of E7,979,802, Cost or valuatlon at 31 May 202515 represented by: Freehold property Houslni propertles Tolals Aetumulated revaluatlon 8alns Cost 200,000 4,187,686 3,792,116 4.387,686 3,792,116 200,000 7,979.802 ,179,802 12. FIXED ASSET INVESTMENTS Llsted Investments MARKET VALUE At l June 2024 Additlons REvaluatlon5 135,717 4,106 2,846 At 31 May 2025 140,669 NEf BOOK VALUE At 31 May 2025 140,669 At 31 May 2024 133,717 There were no Investment asset5 Outskle the UK. -1
WINNOCKS AND KENDAIiS ALMSHOUSE CHARIT NOTES TO THE FINANCIAL STATEMENTS- tmtlnued FOR THEYEAR ENDED 31 MAY2025 12. FIXED ASSET INVESTMENTS- tontlnued Cost or valuatlon at 31 May 2025 Is represented by- Llsted Investments Accumulated revoluatlon galns Cost 28,481 112,188 140 669 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Contrlbutlons arrear5 Other debtors Prepayments and accrued Income 10.020 15,366 106 2,703 18,165 14. CREDITORS.. AMOUWTS FALLING DUE WITHIN ONE YEAR 2025 2024 Bank loans (see note 161 Contrlbutlons recelved In advance Trade credltors Accruals and deferred Income 18,T12 8,162 1,072 16,739 17,637 10,628 4,168 15,008 44,745 47,441 15. CREOITORS: AMOUNTS FALLING DUE AFTER MORE THAN YEAR 2025 2024 Bank loans Isee note 161 71M,042 722,810 -19-
WINNOCKS AND KENDALLS ALMSHOUSE CHARITY NOTES TO THE FINANCIAI STATEMeNTS- contlnued FOR THEYEAR ENDED 31 MAV 2025 16. BANK LOANS An analysls of the maturlty of loans b glven below: 2025 2024 Amounts falllng due wlthln one year on demènd: HoLsslng loan 18,772 17,637 Amounts falllnE between one and two years: Houslns loan 1-2 Years 20,143 18,772 Amount5 falllng due between two and flve years: HouslnE loan 2-5 Years 69,544 64,811 Amounts falllng due In more than flve years: Repayable by Instalments: Hou51n& loan more than 5 Years 614,355 639,227 17. SECURED DEBTS The followlng secured debts are ErKld wlthln credltors: 20Z5 2024 Bank loans 722,814 740.447 The houslng loan Is secured by a legal tharge on the land and bulldlngs at 1- 7 Wlnnocks and 23 233 and 23b Mllltary Road, Colchester, also kn¢)wn as Georye Rose House. -20-
WINNOCKS AND KENDALLS ALMSHOUSE CHARIT NOTES TO THE FINANaAL STATEMENTS- ccmtlnued FOR THEYEAR ENDED 31 MAY2025 18. MOVEMENT IN FUNDS Net movement In funds Transfers between fund5 At 31.5.25 At 1.6.24 Unrestrlcted funds Cycllcal Malntenance Reserve Extraordlnary Repalr Reserve Revenue Reserve 51,420 42,581 259,154 Iia,7311 (24,5131 94,344 42,(148 27,288 86,9701 79,737 45,356 266,528 353,155 56,100 (17,6341 391,621 Restrlcted funds Soclal Housing Grant Fund Colchester BC Grant Fund 1- 7 Wlnnocks Colchester BC Grant Fund 37&777 2,759 449,406 378,777 2,759 449,406 830,942 830,942 EndDwment funds Charltable Fund Property Reserve Houslng Propertle5 Revaluatlon Reserve 2.220,726 4,129,771 17,634 2,238,360 4,387,686 257,915 6,350,497 257 915 17.634 6 626 046 TOTAL FUNDS 7 534 594 314 015 7,848,609 Net movement In funds, Included In the above are as follows: Incomlryg resources Resour5 expended Galns and losses Movement In funds UnTestrlcted lunds Cyclltal Malntenance Reserve Extraordlnary Repèly Reserve Revenue Reserve (13,7311 127,2881 214 5231 IIS,7311 124,5131 94,344 1,129 1,717 307,150 308.796 {Z55.5421 2,846 56,100 Endowment funds Houslng Propertles Revaluatlon ReseTh 257,91S 257,915 TOTAL FUNDS 301796 255,5421 260,761 314.ols -21-
WINNOa<S AND KENDALLS ALMSHOUSf CHARITY NOTES TO IHE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MAY 2025 18. MOvEmEr IN FUNDS- wntlnued Comparatlves for rnovemert kn funds Net movement In funds Transfers between funds At 31.5.24 At 1.&23 Unre5tTlcted funds Cycllcal Malntenance Reserve Extraordlnary Repalr Reserve Revenue Reserve 4L788 78,591 223,961 (30,8041 (62,2321 122 577 40,436 26,222 87,3841 51,420 42,581 259 154 344.340 29,541 120,7261 353,155 Restrlcted funds Soclal Houslng Grant Fund Colchester BC Grant Fund 1- 7 Wlnnocks Colchester BC Grant Fund 378.777 2,759 449,41 378,777 2,759 449.406 830,942 830,942 Endowment lunds Charltable Fund Property Reserve Houslng Propertles Aevaluatlon Rese 2.200.LV)) 3,978,360 20,726 2,220,726 4,129,771 151,411 151.411 20,726 6,350,497 TOTAL FUNDS 7,353,642 180,952 7,534,594 Comparatlve net movement In funds Included In the above are as follows: Incoml resotjrces Resources expended Galn5 and losses Movement In funds Unrestrlcted funds Cyclical Malntenance Reserve ExtTaordln3ry Repalr Reserve Revenue Reserve 130,8041 167,9651 167,7191 130,8041 162,2321 122,577 1,589 287,099 4,144 3,197 288,688 1266,4881 7,341 29,541 Endowment funds Houslng Propertles Revaluatlon Rese 151.411 151,411 TOTAL FUI4DS 28&688 266,4881 158.752 180 952 -22-
WINNOCKS AND KENDALLS ALMSHOUSE CHARITY NOTES TO THE FINANCIALSTATEMENTS- contlnued FOR THE YEAR ENDED 31 MAY 20Z5 18. MOVEMENT IN FUNDS- CltINed Charltable Fund Property Ile5eNe Th15 Reserve Is part of the permanent endowment of the Charlty and represents the cost of properlles flnanted by the Charlty's own resources, this being the cost of housing properties net of capltal outstandlng on the loan f rom The Charlty 8ank. Houskng Propertles Revaluatlon ReseThe Thls Reserve Is part of the permanent endowment of charlty and represents the surplus on revaluatlon of the housln8 propertles. Soclal Houslng Grant Fund The Soelal Houslng Giant Fund Is a restrlcted fund and represents grants recelved from the Houslng Coiporatlon of £378,777 In connectlon th the hou51ng property Improvements. The charlty would be requlred to repay the grant In full If the houslng propertles for whlch these grants were awarded are subsequently sold. Col¢hester BC Grant Fund The Colchester BC Grant Fund Is a restrkted fund and represents a grant recelved from Colchester BorDugh Councll of £2,759 durlng the year ended 31 May 1999 In connertlon wlth the bathro Improvements at io Wlnnocks. 1-7 Wlnnocks Colchester BC Grant Fund The 1-7 Wlnnocks Colchester BC Grant Fund Is a re5tdcted fund and represents grants recelved fiom Colche5ter Borough Coyndl of £449.406 durlng the years ended 31 May 2019 and 31 May 2020 In connectlon wlth the houslng property redevelopments at I to 7 Wlnnocks. The charity would be requlred to repay the 8rant In full If the hous1 propertles for whlch these grantswere awarded are subsequently sold, Cycllcal Malntenance Resetve A transfer 15 made from the Revenue Reserve each year to the Cycllcal Malntenance Reserve to cover clIe8] repalrs &5 they artse. The transfer Is a speclfk amount as agreed by the Trustees each year. Eytraordlnary Repalr Reser¥e A transfer Is made from the Revenue Reserve each year to the Extraordlnary Repalr Reserve to cover extraordlnary repalrs and Improvements to the hi)uslng properties K necessary. The transfer Is a speclfic amount a5 agreed by the Trustees each year. Revenue Reserve The Revenue Reserve represents part of the accumdated sur5e5 of the Charlty and Is avallable for the general purposes of the Charlty. In addltlon to thls ary downward revaluatlon d the FK>uslng propertles held where no prevlous revaluatlon5 can be offset of the same asset Is reco8n15ed In the Revenue Reserve and any 5ub5equent upward revaluatlons are recognlsed In the Revenue Reserve up to the value of the Initlal downward revaluatlon prevlousty recognlsed. 19. RELATED PARTY DISCLOSURES There were no related party transactlons for the year ended 31 May 2025. -2>
WINNOCKS AND KENDALLS ALMSHOUSE CHARITY DETAILED STATEMENT OF FINANCIAI ACTIVITIES FOR THEYEAR ENDED 31 MAY2025 2025 2024 INCOME AND ENDOWMENTS Inve5tmÈnt Income Dlvldends recelvable Accumulated Income dlvldends recelvable Interest recelvable 1,168 4,106 7,333 1,154 3,857 7,260 12,607 12,271 Charttable attlvltles Contrlbutlons recelvable L0$5es from volds Gas contrlbutlons recelvable Water contrlbutlons recelvable Car park Income recelvable 290,024 16,5971 9,705 3,017 40 277,220 112,7241 9,693 2,228 296,189 276,417 Total Incomlng resources 308,796 288,688 EXPENDITURE Charltable actlvltle5 5talf costs Vacant property Costs Water charges Insurance Llght and heat Repalr5 and malntenonre Cycllcal malntenan¢e E¥tr3ordlnary repalrs Gardenlng Carellne cleanlng Telephone Bad debts Sundry expenses Houslng loan Interest 1,21)0 502 4A85 5,096 13,595 27,583 13,731 74,199 13,916 3.462 770 2,716 269 1,528 52.348 2,400 392 2.850 4,948 15,911 35.463 30,804 67,965 12,718 4,517 1,7SI 2.988 1.031 38,058 215,40Q 221,796 Support costs ManagemEnt stsff costs Carrled forward 1,200 1,200 2,400 2,400 Thls page does not fomi part of the statutory financlal statements -24-
WINNOCKS AND KENDAIiS ALMSHOUSE CHARITY DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025 2025 2024 Management BrouBht forward Clerks fees Profes51onal fees Subscrlptlons 1,200 27,520 2,400 25,800 5.544 582 599 29,319 34.326 Flnance Bank charges Z63 286 Govemance costs Audltors, remuneratlon Audltors, remuneratlon for non audlt work 7,212 6,870 3,210 10.560 10,080 Total resources expended 255,542 266,488 Net Inrome 53,254 22,200 Thls page does not form part of the statutoryflnandal statements -25-