WILSON MEMORIAL HOMES
Charitable Incorporated Organisation
Registered Charity No. 1184260
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR TO 31 MAY 2023

WILSON MEMORIAL HOMES
Reference and Administrative Information
Trustees
Hilary Holland (Chairman)
Michael Bames
Lionel Dobson - resigned 7th November 2022
Beverley Forster (Treasurer) - resigned
May 2023
Maureen Granville
John Brian Hogg
Sally Margaret Nelson
Peter Sedgwick
William John Wilson
Charity Number
1184260
Principal Address
Brampton Communty Centre
The lrthing Centre
Union Lane
Brampton
CA8 1BX
Independent Examiner
Miss A Taylor
Amiathwatte
Carlisle
Bankers
Barclays Bank PLC, Rosehill, Carlisle
Cumbertand Building Society,
19 Front Street, Brampton, CA8 1 NG
CCLA, Senator House, 85 Queen Victoria
Street, London. EC4V 4ET
Clerk to the Trustees
Mrs A Nixon
Wilson Memorial Homes
office 1 Brampton Community Centre
The lrthing Centre
Union Lane
Brampton
CA8 1BX

WILSON MEMORIAL HOMES
Contents
Pa
Trustees. Report
Statement of Responsibilities
Independent Examinerfs Report
Income and Expenditure Account
10
Balan￿ Sheet
11
Notes to the Financial Statements
12-16
Schedule of Investrnents
17

WILSON MEMORIAL HOMES ffhe Charity)
Trustees, Annual Report
The Trustees present their annual report and financial statements for each 124nonth
period ending 31 May. This report is for the period 1* June 2022 to 31 May 2023.
The financial statements have been prepared in accordan￿ wilh the accounting policies
as set out in the notes to the financial statements and comply with The Charity's
governing document, applicable law and the requirements of the Statement of
Recommended Practice. Accounting and Reporting by Charities. (SORP 20161 issued in
January 2016, and more recent auiumn 2019- Charity SORP FRS 102, Update Bulletin 1
and 2.
Structure, Governance and Management
Th8 Charity is a Charitable Incorporated Organisation (CIO} which was estsblished on
4 July 2019 and is regulated by a constitution dated 5 December 2018 (the Constitution).
All of the assets of the fomer Wlson Memorial Homes. charity number 224967 were
transferred to the Charity on 30 September 2019 which was the date when the two
charities merged.
The Charity is govemed by a minimum of 3 and a maximum of 12 Trustees (the Trustees)
and a Clerk to the Trustees who meet at least four times a year.
The Trustees or the Clerk usually vistt all of the properties. which fonn part of Wilson
Memorial Homes, on, at least. an annual basis. Many of the properties were visited by the
Clerk during the year, and also by a surveyor preparing the Charity's quinquennial report.
The Annual Trustee Visrts to meet the residents V￿re not carried out in this period.
Trustees
The Trustees
The Trustees who served during the period were:
Michael Bames
Lion81 Dobson (to 7th November 2022)
Beverley Forster (to 5th May 2023)
Maureen Granville
John Brian Hogg
Hilary Holland
Sally Margaret Nelson
Peter Sedgwick
Iliam John Wilson
New Trustees are usually appointed by being recommended by an existing Trustee and
fom)ally approved by a resolution passed at a properfy convened meeting of the Trustees.
During this period Lionel Dobson and Beverfey Forster resigned as trustees.

Public benefit
The Trustees have reviewed the Charty Commission's guidan￿ on the requirement to
report on public benefit and are satisfied that the work of the Chanty provides tangible
benefit to a wide section of Feople who live in or were bom in the Chanty's areas of
benefrt. Th8 Criteria used to assess those who may benefft a￿ not unreasonably
restrictive.
Objectives
The Constitution sets OLrt the objects of the Chaiity which are 'The provision and
Maintenan￿ of alms-houses to people of not less than 50 years of age wrth a charitable
need for housing, the majorty of whom being on low incomes, and where preference is
given to people who are bom in or are resident in the Parishes of Fadam. Brampton and
Wallon..
Activities, maintenance and rnpairs
The Charrty has a policy of improving all properties to bring them up to a decent home
standard and to keep contributions payable by the occupiers at an affordable lev81.
Whenever a property becomes vacant the policy is, where necessary, to modernise the
kitchen and bathroom and deal with any other defects. resources pennitting.
cific works carried out durin
this
4 Station Road Ends - RefurbishmenULoanlGrant
Following the complete renovation of this derelict property in July 2022, the Trustees
approved and secured The Almshouse Association's interest free loan offer of £25,000
with a £1,250 arrangement fee, and to be repaid over 10 years. The loan of £25,000 was
received in June 2022 with repayments commencing in December 2022, and every six
months thereafter of £1,312.50.
A small grant was also obtained from the local Council's Empty Property Department of
£3,000, this was received in September 2022.
2 Wallon - Refurbishment
This property became vacant in September 2021 and a new specffication for a full
refurbishment was approved. A local ¢orrtractor completed the renovation work in June
2023 where a new aIr-sour￿ heat exchange unil, undeffloor heating and fully insulated
floors and walls were fitted. A new resident occupied the property from July 2023.
uin
uennial Surve
Following the building surveyors report and recommendations re￿iVed in January 2022
the Trustees agreed to upgrade the properties wrth new UPVC windows and doors as
soon as finan￿$ were available. In September 2022 ￿e1ve homes in the outlying
villages were fitted with new windovts and doors throughout, this greatly benefitted the
residents. Further works will continue when funding is available, however, priority has
been given to vacant properties where major renovation work was required.
Re-Roofin
1 &2 Thomlinson Cotta
es The Sands Bram
on
Re-roofing was recommended in the quinquennial survey for two of the larger cottages, this
was completed in May 2023.

Financial Review
All residents pay a Weekly maintenan￿ Contribution WC} which is below the fair rent
set by the Valuation Offi￿. The WMC is reviewed annually. and as a result a £2 increase
was applied to all ￿0￿bedrOOM houses and effecttve from 1 June 2022. No increase was
applied to the one-bedroom properties in Brampton. This meant that the WMC for two-
bedroom properties in Brampton was increased from £89-£91, one-bedroom properties in
Brampton remained at £89 and the VWC for village properties increased from £79-£81.
This ensures that signrficant improvement works can be carried out and enables the
Charity to provide adequate housing provision for future generations.
Investment Policy
The Trustees hold £44,200 in CCLA COIF funds of which £9.499 is an Endowment Fund.
Reserves Policy
The Trustees follow The Almshouse Association's recommended minimum amounts for
transfer to the Extraordinary Repairs Fund (ERF) and the Cyclical Maintenance Fund
(CMF} both being designated funds. The Almshouse Association also recommends
allocating an annual sum to roLrtine maintenance but the Trustees do not consider it to be
ne￿SSary to establish this additional fund.
It is also recognised that it is ne￿SSary to have sufficient funds in reserve to cover day to
day expenditure especially in the event that there is a reduction in the WMC following the
departure of residents and before new residents are appointed. A free reserve of
£114,221.37 is thought to be sufficient for this purpose. This being the amount ofthe net
Gurrent assets less those funds allocated for designated purposes (ERF, CMF) and the
endowment funds which cannot be accessed.

The Almshouse Asgxiation
recommended amount to tran*r
to designated funds
Over 20 years old por unlt
Extraordinary Repair3 Fund
Cyclical Maintenance Fund
Recommended amount
2023
Properties
{£) per year
£614
£1.LKJ4
£27.630
£45,180
£71810
Extr￿Inary Repai￿ FurKI: Emerge￿ie$, Mai￿ repaiTr of trxylers. W7￿1￿v6 and r(M)f repairs.
Cyclical Maintenance Furbd: Planned maintenance. refurbishment on ￿ancy. kitchens,
bathrooms & interior & exterior decoration.
In this period the recommended sum of £45.180 was transferred to the CMF (note 14).
The Trustees agreed to transfer a total of £153,239.16 to the ERF (note 13) to meet the
ost of the ERF works that were carried out during this peri¢xl, and including the
recommended sum.
Risk Factors
The Trustees have examined the risks which the Charity fa￿$ and confirm that int8mal
systems, policies and procedures have been established to enable the Charity to function
effectively. The status of the Charity as a CIO mttigates the risk to individual trustees.
Plans for the Future
The recommendations made in the quinquennial report will be considered and, as
finances allow, implernented over time. As a priority consideration will be given to the
continuing programme of replacing the windovts in all of the properties.
The Weekly Maintenance ContribLrtion (VWC) is reviewed annually with the funds being
reinvested into the housing stock to ensure that The Charity continues to provide
adequate housing provision for future generations. Al residents pay a WMC below the
fair rent set by the Valuation Office. The standard WMC was reviewed in March 2023
effective from 1 June 2023 and where a £2 increase was applied lo all the homes.

WILSON MEMORIAL HOMES
Statsment of Responsibilities
The Trustees are responsible for preparing the Trustees, Annual Report and the
financial statements in accordan￿ with the applicable law and United Kingdom
Accounting Standards {United Kingdom General Accepted Accounting Practice).
The law applicable to charities in England and Wales requires The Trustees to prepare
financial statements for each financial year vthich give a true and fair view of the state
of affairs of The Charity and of the incoming resources and application of resources of
The Charity for that peri(>J.
In preparing these finanaal statements, The Trustees are required to..
Sele¢t suitable accounting policies and then apply them consistently"
Observe the methods and principles in the Charities SORP..
Make judgements and estimates that are reasonable and prudent.,
State whether applicable accounting standards have been followed, subject to any
material departures being disclosed and explained in the financial statements..
Prepare the financial statements on the going concem basis unless it is
inappropriate to presume that Th8 Charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records which
disclose with accuracy the financial position of The Chartty and enable them to
ensure that the financial statements comply with Accounting and Reporting by
Charities, {SORP 2016) issued in January 2016. (Charity SORP FRS 102, Update
Bulletin 1 and Update Bulletin 2). They are also responsible for safeguarding the
assets of The Charity and hence taking reasonable steps for the prevention and
detection of fraud and other i￿egUlarities.
The Trustees therefore ￿rtrfY that:
In so far as we are aware there is no relevant audit information of which The
Charity's independent examiner is unaware". and
We have taken all reasonable steps that we ought to have taken to make
ourselves aware of any relevant audtl infomation and to establish that the
independent examiner is aware of that infom)ation.
On behalf of the Board of Trustees
Chair..
Mrs Hilary Holland
Dated:
I q- Fob *0%* .

ACCOUNTS OF THE WILSON MEMORIAL HOMES
1 June 2022 to 31 May 2023
Independent Examlnevs rgport to Tnwtees of the ￿lSOn Memorfal Homes
I report to the trustees on my examination of the acGounts of the IML%on Memorial Homes
(Charity Commission No.11842601 from l June 2022 to 31 May 2023.
Respective responslbllhlos of the Tn￿tee8 and tho Independent Examlner
The Trustees of The Cha
are res
nsibl for the
re
aration ofthe aceoun
ordance
with the Accountin
and Re
b Chanties
SORP 2016 . (Charity SORP FRS 102.
Update Bulletin 1 and Update Bulletin 2).
The Trustees cOns￿er that an audit is not required for thi5 year under section 144 of the
Charities Act 20111'the Act'l and that an independent examination is needed.
It is my responsibilty to..
examine the accounts under section 144 of the A¢L
follow the applicable Directions gNen by the Charity Commission {under secb.on 145{5llb} of
the Act}, and
stale whether particular matters have ￿rne lo my attention.
Basis of Independent Examlne¢$ statement
My examination was carried out in accordance with general Directions gwen by the Charity
Commission. An examination includes a review of the accounts.ng records kept by The Charity
and a comparison of the accounts presented with those records. It also includes consideration
of any unusual items or dI￿10S￿reS in the accounts and seeking explanations from The
Trustees concerning any such matters. The pr¢)cedures ursdertaken do not provide all the
evidence that would be required in an audit and consequentty no opinion is given as to
whether the accounts p￿sent a 'tnJe and fairf view and the report is limited to those matters
sel out in the statement below.
Indopendent Examinerfs statement
In connection with my examination, no material matters have come lo my attention in
connection with the examination giving me cause to beI￿ve that in any material respect..
accounting records were not kept in a￿ordanCe with seth.on 130 of the Acl. or
the accounts did not accord with those records.. or
the accounts did not comply with the applicable requirements concerning the form and Content
of accounts set out in the Charibes IAc¢ounls and Reports) Regulab"ons 2008 other than any
requirement that the accounts give a 'true and fair vsev/ which is not a matter considered as
part of an independent examination.
I have no concems and have come across no other matters in connection with the
examination to which attention shoukl be drawn in this report in order lo enable a proper
understanding of the accounts to be reached.
Signed:
Date:

WILSON MEMORIAL HOMES
Statement of Financial Activities - Income and Expenditure Account
1 June 2022- 31 May 2023
Notes Unre5trirted
fund5
Designated
ERF fvnd5
De￿gnated Endowment
CMF fvllds
fvnd5
Total
2023
Total
2022
knwmlng Resour￿$
Incomin8 Aeseuices
199.112.64
199A12fj4
ox
199.112.64
199,112
189.631.84
189.631S4
oJ)o
Operatln8Costs
Runnln8 costs & MalnL
Governanc@Costs
33242.85
32.59831
65*4116
153239.16
om
153239.16
3￿0D.00
19Q.282.01
185,593.52
32.598.31
34,366.38
222J80.12 219.959.90
Operatlr¥5urplus1 ID•ttd¢l
133271A8 11532J9A61
oj
123.767MI 130J28I161
Recomm￿ded AAtransfer
reed ERF trartsftr
Galns on investsrthtassets
13114
I72￿10.{m)I
1125.609.161
27.630.(J)
125.609.16
45,180LKI
om
0.00
0.00
0.00
0.00
0.00
Su￿u5/ (Delldtl fort￿ yr.
165.147MI
OA)0 41J80JJQ
Om" 123.767ffj81 IJOJ28.061
Mo¥effl¢nt on P*seryes
Fund Balanr•$31 Ma¥20ZZ
SurplusllDeficlt> for yeat
179.369.05
165.147.681
21,128.20
41380.00
209.997.25 240.32S.31
123.767.681 130.328.061
om
Fund BIlan￿53111IaY 2021
11432137
oJ)o
SI￿0810
9￿1￿*
18622957
209,99725
The Charity has not acquired or discontin￿ any fundamental activities during the
above financial year- therefore, all of the activiiies are deemed as continuing.
10

WILSON MEMORIAL HOMES
Balance Sheet as at 31 May 2023
Notos
2023
2022
Fixed Assets
Functional woperties
In￿tMentS
44,200.00
44.201.00
44,200.00
44,201.00
Current Assets
Cash at 8ank and in hand
Debtors
165,183.89
2,508.78
167,692.67
165,220.94
1,588 84
166.809.78
Current Liabi1Stle8
Creditors
Loans repayable within 12 rnonths
10
11
(726.601
12.625.001
13.351.60)
(1,013.53)
0.00
(1.013.53)
Net Current knets
164,341.07
165.796.25
Long Temi Liabi1Stle8
Loans repayable
(22,312.50)
0.00
Totsl Less Liabilitifjs
186.229.57
209,997.25
Capital and Reserves
Capf(al Fund - Endr)4￿￿ent FurKIs
Incorne Fund&
C*signated Funds - ERF
E*signated Funds - CMF
Unrestricted Funds
12
9.500.00
9.5￿.00
13
14
0.00
62,508 20
114.221.37
0.00
21.128.20
179.369.05
186,229.57
209.997.25
The financial statements were approved by The Trustees and were signed on behalf of
The Charit b the Chaiman:
Chair.. Mrs Hilary Holland
Date:
Iq- FJ4 '&UJ-4

WILSON MEMORIAL HOMES
Notss to the Financial Ststements
For the year ended 31 May 2023
LEGISLATIVE PROVISIONS
The Charity is a Charitable Incorporated Organisation {CIO) which was established
on 4 July 2019 and is regulated by the Constitution.
ACCOUNTING POLICIES
These accounts have been prepared in accordance with applicable accounting
standards, the Statement of Recommended Practice, Accounting and Reporting by
Charities, Charity SORP FRS 102, Update Bulletin 1 & Update Bulletin 2, and the
Charities Act 2016.
Accountin
Convention
The accounts are prepared under the historic cost convention, modified to include
the revaluation of investments in accordance with applicable accounting standards
and recommended practice.
Incomin
ReSoUr￿S
Contributions from the Residents are accounted for when receivable and are
added to the Unrestricted Fund. Investment Income is accounted for on the
re￿1vable dates and added to the relevant fund in which the investment is held.
ratin
Costs
l expenditure has been rer&ognised in the financial statements on an accruals
basis.
Function I Pro
rties
The functional pioperties are included on the balance sheet at a nominal value of
£1. The current Insuran￿ value of these properb.es is detailed at Note 7 of these
statements.
The properties Within The Chaiity fomed part of the original Permanent
Endowment of the Charity and under the terms of the Chanty Commission scheme
dated 4 May 1984, they must be used as alms-houses. The properties are
therefore considered to be inalienable. Therefore, the market value of the
properties is reflected in the balance sheet at £1.
Investments
The quoted investments are valued at market value. where applicable. Gains and
losses relating to investments are shown at Note 8.
12

INCOMING RESOURCES
Unrestricted De5igrLatsd
funtts
funds
Total
2023
Total
2022
Contributions ftL)m residents
Interest
c￿natIons. Ins. Claims. Grants
195.307.54
707.60
3.097.50
199.11164
195.307.54
707.60
3.097.50
199.112.64
189.397.1)0
122.34
112.50
189.631.84
OPERATING COSTS
Unrestricted Designated Deslgnated
funds
ERF funds CMF funds
Total
2023
Total
2022
Operatlng Co*s
Running Costs & maintenar￿e
Gthemance Costs
33.242.85 153.239.16 3.800.
32,598.31
0.00"
65,841.16 153,239.16 3,81￿.00
190,282.01 185,593.52
32,598.31 34,366.38
222,880.32 219,959.90
Running Costs & MaintenarbGe
General Repair & Maintenance
ImproKements
Water Rate¥
Council Tax
Insurance
LRO
Bank Charges
Almshouse Subscription
26.240.33
o.c() 153.239.16 3.800.(KJ
26,240.33 29,747.86
157,039.16 151,091.cN)
0.00
0.00
0.00
5.126_42
4.147.73
97.50
112.50
1,355.60
95.43
423.1]0
399.00
190.282.01 186.693.52
0.00
5.126 42
0.00
97.50
0.00
1.355.60
o.oo
423.
0.00
33.24185 1S3.239.16 3.800.00
Governance Costs
Salaries & Costs
Twstees Assurance
Independent Examiner
Office Ex[￿seS
al & Protsssional Fees
26.405.05
380.80
26.405.05 26.299.97
380.80
380.80
300.LN)
200.00
5,422.46
6.951.61
534.00
5,422.46
32.598.31
32,598.31 34.366.38
13

5. TRUSTEES
None of The Trustees received any remunerats'on during the period.
6. EMPLOYEES
There were I￿0 employees during the period. the Clerk and an administrative assistant.
7. FUNCTIONAL PROPERTIES
2023
2022
Net Book Value {and Nominal value) at 31 May
Insurance Value
A. Land at Brampton having a frontsge on to the road from
Bramplon to Alston together with the ￿Venty-SeVen cottages
erected thereon and known as Wlson Men￿rial Homes,
4,505,850
4,275,000
B. Land at Milton having a fron12ge on to the road from Milton to
Hallbankgale together with the six cottages erected thereon and
kn¢)wn as 'Wlson Memorial Hon￿s.
980,220
930.000
C. Land at Walton having a frontsge on to the road from Wallon to
Nickies Hill together with the six cottages erected thereon and
known as 'Wlson Memorial Homes.
D. Land at Brampton {Station Road Endl having a frontage on to
the road from Brampton to Milton tcgether with the six cottages
erected thereon and known as 'The Joseph Wlson Homes,
969,680
920,000
906,440
860.000
7,632,190
6.985.000
8. INVESTMENTS
Endowment Investment
funds
funds
2023
2022
Markel Value
Beginning of periodlyear
Acquisitions at cost
Change in value in perKtyr
End of year
17,341.86
0.00
402.57
768.20
1,170.77
17,744.23 52.105.79 69,850.02
51,337.59 68,679.25
68,728.10
0.00
48.85
68,679.25
Hisloric Cost
Beginning of period
End of period
9,499.00 34,701.00 44,200.00
9,499.00
34,701.00
44,200.00
44,200.00
44,200.00
14

DEBTORS
2023
2022
Weekty Maintenance Contributions IWMCI
2.508.78
2.608.78
1,588.84
1.fA8.84
10. CREDITORS:
AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Independent Examiner
E&M SeThices
Nes1 Pension CcffrtrityJtions
41X).00
462.00
151.53
1.013.53
226 60
726.60
ALMSHOUSE LOAN
2023
2022
Balance at 1 June
Loan receiKed
Arrangement fee
Repayments
0.00
0.00
25.OCK).00
1,250.00
(1.312.50)
24.937.$0
Llabilities
Repayable bMthin 12 nvMth5
Repayable after 12 rrthths
2,626.00
22.312.50
12.
ENDOWMENT FUNDS
2023
2022
Balance at 1 June
Mo*ment in funds"
Prior period adjustment
GainsIlLoss￿I on Aquistions/DisF*Jsals
Commission receiKed
Balance at 31 May
9.5CQ.
9.51KJ.00
0.00
0.00
0.00
9,500.00
0.00
9.51x1.00
The Endowment Fund represents those assets which must be held permanently by the
Charity. Income arising on the assets held in this fund Gan be used in accordance with the
objectives of The Charity and is included as unrestricted income.
15

13. EXTRAORDINARY REPAIRS FUND
2023
2022
Balance at 1 June
R8comm8nded AA transfer
Agreed additional ERF transÈr
Less ERF ExFeTrJiture
Balance at 31 May
7.523 63
23,895.00
101,322_37
132,741.00
27,630.CNJ
125.609.16
153,239.16
Extraordinary Repair Fund (ERF
This is a designated reserve fund for future major repairs. Transfers are made to it from
the Income and Expenditure Account in accordance with the recommendations of The
Almshouse Association. This year the trustees agreed to transfer an extra £125,609.16.
14. CYCLICAL MAINTENANCE FUND
2023
2022
Balance at 1 June
Transfer from Unrestricted Funds
Less CMF Expenditure
Balance at 31 May
21,128 20
45.180.00
3.800.(NJ
62.508.20
11,308.20
28,170.00
18,350.00
21.128.20
Cycllcal Maintenance Fund (CMF)
This is a designated reserve fund for rna1ntenan￿ occurring at regular intervals. Transfers
are made to it from the Income and Expenditure Account in accordance with the
recommendations of The Almshouse Association.
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrpstricted Deslgnatsd Endowment
funds
lunds
funds
Total
2023
Total
2022
Fixed Awts
Functional P￿￿ert￿8
InNestmerrt¥
COIF Fixe(J knterest
COIF In¥estmern FLMKI
17.350.IKJ
17,351.(XJ
34.701.CX)
17.350.(KJ 17.350.rx)
9.499.CM)
26.850.00
26.850.(K)
9.5(￿.C￿) 44.201.00
44.201.LK)
Current A*oWUablllll•¥
Cash at bank
Loans
Debtors
Cr*litot5
N•t •wt¥totsl fund
102.875.
￿4.937.￿lI
2.508.78
<726.FAJI
62,508.20
O.C¢J 165.183.89 165.220.94
O.CQ 124,937.501
2.508.78
1.588.84
(726 601
11.013.531
9.600.Tr) 1W229.S7" 2Q9.997.25
6IS08.20
Unre81ised gains incltyjed atthe..
Net gain￿00s5es> Lx) rwuaii¢y
Unrestricted funds comprise those funds which the Trustees are free to use in accordan
with The Charity's objectives. Designated funds are the ERF and the CMF whose purpose
is defined by the Trustees.
16

C3