WILSON MEMORIAL HOMES
Charitable Incorporated Organisation
Registered Charity No. 1184260
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR TO 31 MAY 2024

WiLSON MEMORIAL HOMES
Reference and Administrative Infomiation
Trustees
Hilary Holland (Chair)
Michael Barnes
Michael Dobson fmm 2tst March 2024
Maureen Granville
Julie Gutteridge (Treasurer) fmm
1￿ October 2023
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
Armathwaite
Carlisle
Bankers
Barclays Bank PLC, Rosehill, Carlisle
Cumberland Building Society.
19 Front Str*t. Brampton, CA8 1 NG
CCL4. 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
Trustees, Report
Statement of Responsibiltties
Independent Examinerfs Report
Income and Expenditure Account
10
Balan￿ Sheet
Notes to the Financial Statements
12-16
Schedule of Investrnents
17

WILSON MEMORIAL HOMES (rhe Charity)
Trustees, Annual Report
The Trustees present their annual report and financial statements for each 12-month
period ending 31 May. This report is for the period 1* June 2023 to 31 May 2024.
The financial statements have been prepared in accordance with the accounting policies
as set out in the notes to the financial statements and comply with The Charity's
goveming document, applicable law and the requirements of the Statement of
Recommended Practi￿. Accounting and Reporting by Charities, {SORP 2016) issued in
January 2016. and more recent autumn 2019- Charity SORP FRS 102, UFdate Bulletin 1
and 2.
Structure, Governance and Management
The Charity is a Charitable Incorporated Organisation {CIO) which was established on
4 July 2019 and is regulated by a constitlrtion dated 5 December 2018 (the Constitution).
All of the assets of the former Wlson Memorial Homes. Charity number 224967 were
transferred to the Charity on 30 September 2019 which was the date when the hvo
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 visit all of the woperties. which fonn part of Wilson Memorial
Homes, on, at least. an annual basis. Many of the properties were visited by the Clèrk,
accompanied by 8ither a member of staff, Contractor or Trustee during the year.
Trustees
e Trustees
The Trustees who seN8d during the period were:
Michael Bames
Michael Dobson (from 21° March 2024)
Maureen Granville
Julie Gutteridge (from 1 ￿ October 2023)
John Brian Hogg
Hilary Holland
Sally Nelson
Peter Sedgwick
William Wilson
New Trustees are Usual￿ appointed by being recommended by an existing Trustee and
fonnally approved by a resolution passed at a properfy convened meeting of the Trustees.

Public benefit
The Trustees have reviewed the Charity Commission's guidance on the requirement to
report on public benefit and are satisfied that the work of the Charity provides tangible
benefit to a wide section of people who Itve in or were bom in the Charty's areas of
benefit. The criteria used to assess those who may benefft are not unreasonably
restrictive.
Objectives
The Constitution sets out the objeds of the Charity vthich 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 majority of whom being on low incomes, and where preference is
given to people who are bom in or are resident in the Parishes of Farlam, Brampton and
Watton..
Activities, maintsnance and ropairs
The Charity has a policy of improving all properties to bring them up to a de￿nt home
standard and to keep contributions payable by the occupiers at an affordable level.
Whenever a property becomes vacant the policy is, where ne￿Ssary, to modemise the
kitchen and bathroom and deal with any other defects, reSoUr￿S pemitting.
Specific works carried out during this period".
2 Walton - Refurbishment
This propety was Gompleted in June 2023 having had a new aIr-sour￿ heat exchang8
untt installed along with underfioor heating, and was fully insulated. A new resident
occupied the property from July 2023.
1 & 3 Mitton- Refurbishments
These properties have been fully refurbished with new insulated floors and walls, new
High Heat Retention radiatots installed and with new bathroom and kitchen fittings. These
properties were occupied by new residents from April 2024.
1 Station Road Ends - Part Refurbishment
Refurbished the bathroom replaang the water tank and general upgrading.
Corner Cotta
e-ma
orRe
The chimney was re-built.
air
Financial Review
All residents pay a Weekfy Maintenance Contribution WC) which is below the fair rent
set by the Valuation Office. The WMC is reviewed annually. and as a result a £2 increase
was applied to all homes effective from 1 June 2023. This meant that the WMC for two-
bedroom properties in Brampton was increased from £91-£93. one-bedroom properties in
Brampton rose from £89-£91 and the IMAC for village properties increased from £81-£83.
This ensures that signfficant improvement works Gan be carried oui 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.

Reserve8 Policy
The Trustees usually 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 routine Maintenan￿ but the Trustees do not
consider it to be necessary to establish this addttional fund at this time.
It is also recognised that it is necessary 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 ￿Sidents are appointed.
A free reseThe of £59,359.26 is thought to be sufficient to cover day to day expenditufe for
approximately 3 months. however, this does not enable the Charity to transfer the
reGommended minimum amounts to the CMF. This being the amourrt ofthe net current
assets less those funds allocated for designated purposes (ERF, CMF) and th8
endowment funds which cannot be accessed.

The Almshouse Association
recommended amount to transfer
to designated funds
Over 20 years old per unlt
Ext￿ordInary Repairs Fund
Cyclical Maintenance Fund
Rgcommended amount
2024
Properties
1£) per year
£639
£1,044
£28.755
£46,980
£16.735
45
Extraordinary Repaits Fund: Erne￿e￿les. mapr repairs of t(ilers. *indcphs and rry)f repairs.
Cyclical Mantenance Fund.. Plann￿1 maintenance. refU￿iShment on ￿¢anCY, kitchens.
bathmoms & interior & exterior d&¢rtiC￿.
The Trustees agreed (approved at a meeting 14110124) to transfer a total of £28,755 to the
ERF (Extraordinary Repairs Fund) as per The Amshouse Association's recommended
amount. However, not to transfer the recommended sum to the CMF {Cyclical
Maintenance Fund), because the balan￿ of this fund is already above the recommended
amount.
Rlsk Factors
The Trustees have examined the risks which the Charity faos and confimi that intemal
Systems, policies and prO￿dureS have been established to enable the Charity to function
effectively. The status of the Chartty as a CIO mitigates the risk to individual trustees.
Plans for the Futuro
The recommendations made in the quinquennial report will be consKlered and, as
finanos allow, implemented over time. As a priortty, consideration will be given to
continue the work of replacing windows and extemal doors at all properties. and to
upjrade the properties as they become empty.
The Weekly Maintenano ContribLrtion IWMC) is reviewed annually with the funds being
reinvested into the housing stock to ensure that the Charlty continues to provide adequate
housing provision for future generations. All residents pay a ￿c below the fair rent set
by the Valuation Office.

WILSON MEMORIAL HOMES
Statement of Responsibilities
The Trustees are responsible for preparing the Trustees, Annual Report and the
financial statements in accordano with the applicable law and United Kingdom
Accounting Standards {United Kingdom General Accepted Accounting practi￿).
The law applicable to charities in England and Wlales requires The Trustees to prepare
financial statements for each financial year which give a true and fair view of the state
of affairs of The Charity and of the incoming resour￿$ and application of resources of
The Charity for that period.
In preparing these financial statements, The Trustees are required to..
Select suitable accounting policies and then apply them Kinsistently"
Obsejve the methods and principles in the Chariiies 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 The Charity will continue in OFeration.
The Trustees are responsible for keeping adequate accounting records which
disclose with arKuraGy the financial position of The Charity 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 thè
assets of The Charity and hence taking reasonable step5 for the prevention and
detection of fraud and other irregularities.
The Trustees therefore ￿rtify that:
In so far as we are aware there is no relevant audit infonnation of which The
Charity's independent examiner is unaware.. and
We have taken all reasonable steps that V￿ ought to have taken to mak8
ourselves aware of any relevant audit infonnation and to establish that the
independent examiner is av￿re of that information.
On behalf of the Board of Trustees
Chair:
Mrs Hilary Holland
Dated:
X£

ACCOUNTS OF THE WILSON MEMORIAL HOMES
1 June 2023 to 31 May 2024
Ind•pondont Examinerfs report to Tn￿teeS of the Wilson Memorial Homes
I report to the Trustees on my examinab.on of the ￿Unts of the Wlson Memorial Homes
(Charity Commission No.1184260) from 1 June 2023 to 31 May 2024.
Rgswctive responslbllltles of the Trustees and the Indopgndent Examinor
The Trustees of Th
hari
are res
nsible for the
fation of the accounts in accordance
with the Accoun
Re
rtin
b Chaiities
SORP 2016 . (Chanty SORP FRS 102,
Update Bulletsn 1 and Update Buliebn 2).
The Trustees consider that an audit is not required for this year under section 144 of the
Charities Act 2011 I'the Act'l and that an independent examination is needed.
It is my responsibility to-.
examine the accounts under section 144 of the Act,
follow the applicable Direcbons given by the Chanty Commission (under section 14515}Ibl of
the Act), and
slate whether particular matters have come to my attention.
Basls of Independent Examlngrfs statement
My examination was carried out in accordance with general Directions given by the Charty
Commission. An examination includes a review of the accountsng records kept by The Charity
and a comparison of the accounls presented with those records. 11 also includes consideration
of any unusual items or disclosures in the accounts and seeking explanations from The
Trustees ¢onceming any such matters. The procedures undertaken do not provide all the
evidence that would be required in an audit and ¢onsequently no opinion is given as to
whether the accounts present a 'true and fai￿ view and the report is limited to those matters
set out in the statement below.
Independent Examinees statoment
In ¢onneclion with my examination, no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respecL
accounting records were not kept in accordance wrth sectrjn 130 ofthe Act.. or
the accounts did not accord with those records; or
the a¢¢ounts did not comply wilh the applicable requirements conceming the form and content
of ac¢ounts set out in the Chanties (Accounts and Reports} Regulations 2008 other than any
requ1￿ment that the accounts give a'true and fair view. which is not a matter considered as
part of an independent examination.
I have no ¢oncems and have come across no other matters in connection with the
examination to which attention shoutd be drawn in this report in order lo enable a proper
understsnding of the accounts to be reached.
Signed:
Date:

WILSON MEMORIAL HOMES
Statsment of Financial Acttvities - Income and Expenditure Account
1 Jun• 2023- 31 May 2024
Notes Unrestrirted
fvnd5
De￿gnated
ERF fur
Designated Endowment
CMF fund5
fur
Total
2023
2024
kn¢ominK ReSOur￿S
Incoming Resource5
201￿32￿4
201JJ32A4
0.00
0.00
201.032.84
199.112.64
201A13234 199.112
0￿rattr¥ Costs
Runnin8tOsts & MalnL
Governan¢eC05ts
43324a3
44.777.50
88AOI.73" 139A13812
139J)38.22
5SIO.00
0.00
5JlO
188,272.45
44.777.50
233mYS5
190.282.01
32.598.31
212*80.32
Oper•tkn8&JrpW (Defithl
112?3111 1139P38221 (5910￿0)
Ots)" 132.017111 I23.767￿$8?
R&ommended AAtransfer
reed ERF transfer
Galns on inve51mentassets
13114
128.755.001
I139￿38.22)
28.755.(
139JJ38.22
0.00
0.00
0.00
Surpw (Deffidtlfor th• vr.
(S4￿62.111
28.755
159lOml
(32A117JII 123.767ffj81
m0￿Ment on ResEr¥*s
Fund BalaKe$31 May2023
SurplusllDefieitl for year
114221.37
IS4,862.111
62￿08.20
15SIO.001
9.$00.(￿)
186229.57 209,997.25
132.017.111 123.767.681
28.755.00
Fu•d B•larb￿S31 Mty2024
5935926
28.755JlO
5659820
9MIJJO" 1543IZAfj 18622957
The Charity has not acquired or discontinued any fundamental activities during the
above financial year, therefore. all of the activities are deemed as continuing.
10

WILSON MEMORIAL HOMES
Balance Sheet as at 31 May 2024
Notes
2024
2023
Fixed As6ets
Functi¢)nal properties
In￿tMentS
1.00
44,200.00
44.201.00
44,200.00
44,201.00
Current A*8ts
Cash al Bank and in haThJ
Debtors
132,685.72
2,￿9.71
135.655.43
165,183.89
2,508.78
167,692.67
Current Liabili1188
Creditors
Loans repayable ￿1th1n 12 mcfiths
10
(3.331.471
(2,625.001
(5,956.471
1726.601
2,625.001
{3.351.60}
Net Current A8Bets
129.698.96
164.341.07
Long Terni Llabllities
Loan8 repaYa￿e
11
(19.687.$0)
122,312.501
Total A8*ts Le* Llablllties
154,212.46
186.229.57
Capitsl and Re*rves
Capttal Fund - En(kn￿nent Fund5
Income Funds
Designated Funds - ERF
Designated Funds - CMF
Unrestricted Funds
12
9.5CIJ.OQ
9,5(Kl.C4J
13
14
28.755.00
,598.20
59,359 26
62,508.20
114,221.37
154,212.46
186.229.57
The financial statements were approved by The Trustees and y￿re signed on behalf of
The Cha
b the Chair.
Chair: Mrs Hilary Holland
Date..
11

WILSON MEMORIAL HOMES
Notes to the Financial Statements
For the year ended 31 May 2024
LEGISLATIVE PROVISIONS
The Charity is a Charitable Incorporated Organisation (CIO) which was established
on 4 July 2019 and is regulated by the Conststution.
ACCOUNTING POLICIES
These accounts have been prepared in accordance wrth applicable accounting
standards. the Statement of Recommended Pradice, Accounting and Reporting by
Charities, Charity SORP FRS 102, Update Bulletin 1 & Update Bulletin 2, and the
Charities Act 2016.
Accountin
onvention
The accounts are prepared under the historic cost convention, modffied to include
the revaluation of investments in accordance with applicable accounting standards
and recommended practs.￿.
Incomin
Resources
Contributions from the Residents are accounted for when r6ceivable and are
added to the Unrestricted Fund. Investment Income is accounted for on the
receivable dates and added to the relevant fund in which the investment is held.
Costs
l exp8nditure has been recognised in the financial statements on an accruals
basis.
Functional Pro rties
The functional properties are included on the balance sheet at a nominal value of
£1. The current insuranr£ value of these properties is detailed at Note 7 of these
statements.
The properties within The Charity fomied part of the original Pemanent
Endowment of the Charity and under the tenns of the Charity Commission schem8
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.
Inves
ments
The quoted investments are valued at market value, where applicable. Gains and
losses relatin9 to investments are shown at Note 8.
12

INCOMING RESOURCES
Unrestricted De￿gnated
funds
funds
Total
2024
Tota I
2023
Contributions from residerrts
Interest
Donations, Ins. Claims. Grants
197.874.00
3.058.84
1￿.L￿)
201.032.84
197.874.
3.058.84
100C
201.03184
195.307.54
707.60
3,097.50
199.112.64
OPERATING COSTS
Unrg*rfcted Designaled Designated
nds
ERF fvnds CMF ￿ndS
Total
2024
Total
2023
Operating Costs
Running Costs & Maintenance
43.324.23 139.038.22 5.910.C
44.7Th.50
88.101.73 139,03&22
188,272.45 190.282.01
44,777.50 32,598.31
233.049.95 222.880.32
5,910.00
Running Costs & Maintenance
General Repair & Mantenance 36,504.20
Impro*ments
O.IXl 139.038.22
Water Rates
Council Tax
Insurance
NTVLRO
Bank Charges
Almshouse Subscriptic
36.504.20 26,240.33
144,948.22 157.039.16
0.00
0.00
5.126.42
97.50
108.42
1,355.60
672.00
423.00
188.272.45 190.282.01
5.910.00
6.039.61
6,039 61
108.42
672.co
43.324.23 139.038.22 5.910.00
Governance Co*
Salaries & Costs
Trustees Assurance
IndeFendent Examiner
Office Expenses
Legal & Profession81 Fees
33.971.21
33,971.21 26,405.os
380.80
380.80
3W.00
300.00
5,392.69
5,422.46
4.732.80
90.Tr)
5.392.69
4.732
44.7n.50
44,777.50 32,598.31
13

5. TRUSTEES
Nonè of The Trustees received any remuneration during the period.
6. EMPLOYEES
There were two employees during the period. the Clerk and an Administrative Assistant.
7. FUNCTIONAL PROPERTIES
2024
2023
Net Bcok Value land Nominal value) at 31 May
Insurance Value
A. Land at Brampton having a frontage on to the road from
Brampton to Alston together with the ￿enty-Seven cottages
erected thereon and known as Wlson Merrnrial Homes.
5,316,460
4,505.850
B. Land at Millon having a frontage on to the road from Milton to
Hallbankgate together with the six cottages erected thereon and
known as 'Wlson Memorial Hornes.
1.156.562
980,220
C. Land at Walton having a frontage on to the roal from Watton to
Nickies Hill together with the six cottages erected thereon and
known as 'Wlson Memorial Homes.
1.144.126
969,680
D. Land at Brampton (Station Road End) having a frontage on to
the road from Brampton to Milton together with the six cottages
erected thereon and kn(AYn as The Joseph Ihfjlson Hon￿,
1.069.509
906,440
8.686.657
7,632,190
8. INVESTMENTS
Endowment Investsnent
funds
funds
2024
2023
Market Value
Beginnin9 of periodlyear
Acquisitions at cost
Change in ￿lue in ￿10CVyèar
End ofyeai
17,744.23 52,105.79 69,850.02
68,679.25
0.00
1,170.77
69,850.02
1,760.15
4,633.22
19.50&38 56,739.01
6.393.37
76,243.39
Histori¢ Cost
Beginning of wi¢xl
End of period
9,499.00 34.701.IY) 44,200.00
9,499.00 34,701.00 44,200.00
44,200.00
44,200.00
14

DEBTORS
2024
2023
We8kty Maintenance Contribulions (WMC)
2.969.71
2,969.71
2,508.78
2.$08.78
10. CREDITORS:
AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
IndeF*ndent Examiner
Retention
Nest Pension Contributior
3CKJ.00
1.c￿).00
S￿.00
226.60
726.60
1.300.00
ALMSHOUSE LOAN
2024
2023
Balance at 1 June
Loan weiwl
Arrangement fBe
Repayments
24.937.50
0.00
0.00
25,000.00
1,250.00
(1.312.50)
24.937.50
12.625.001
22.312.50
Liabllltles
RepaYa￿e Mihin 12 months
RepaYa￿e after 12 Months
2.62S.IXI
19.687.50
2.625.00
22.312.$0
12.
ENDOWMENT FUNDS
2024
2023
Balanee at 1 June
m0￿Ment in fvnds..
Prior period ￿lJUStMent
Gainsl(Losses) on Aqui8tionslDisposals
Commission recei￿
Bala￿e at 31 May
9.5fy).00
9.500.00
0.00
0.00
9.500.00
9.600.00
The Endowment Fund represents those assets vthich must be held pemianently by th8
Charity. Income arising on the assets held in this fund can be used in accordance with the
objectives of The Chaiity and is included as unrestricted income.
15

13. EXTRAORDINARY REPAIRS FUND
2024
2023
Balance at 1 June
Recommend&Y AA transfer
Agre&l additionaj ERF transfer
Less ERF ExFenditure
Balance at 31 May
0.00
28,755.00
139,038.22
139,038.22
28.755.00
0.00
27,630.00
125,609.16
153,239.16
Extraordlnary 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 ac¢ordance wrth the recommendations of The
Almshouse Association. This year the Trustees agreed to transfer an extra £139,038.22,
(approved at a Trustee meeting 03102125).
14. CYCLICAL MAINTENANCE FUND
2024
2023
Balance at 1 June
Transfer from Unrestricted Funds
Less CMF ExrEnditure
8alance at 31 May
62.508.20
21,128.20
45.180.00
3,800.00
62,508.20
5.910.C
56.598.20
Cyclical Maintenance Fund (CMF)
This is a designated reserve fvnd for maintenance occurring at regular intervals. Transfers
are made to it from the Income and Expenditure Account in accordance with the
recommendations of The Ajmshouse Association. The Trustees ac￿pted that they should
not transfer the recommended amount for this year.
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Dc>gnated
funds
funds
Endowment
Tota I
2024
Total
Flxod A•wts
Functional Properties
In￿tments
COIF Fixed Interest Fund
COIF I￿￿tment F￿￿1
17.39J.CQ
17,351.(K)
34.701.
17.35O.IKI 17,350.(K)
9.499.OJ
26.850.
26,850.
9.5Q).CKJ 44.201.(K) 44,201.fX)
Curront Aa0•￿￿•bIllll•s
Cash at bank
Loans
Debtors
Creditor5
Nèt a•twtotal fun
47.332.52 ￿353.20
rd2.312.501
2.￿.71
13.&31_47)
59.369.26 ￿363.20
O.¢J) 132.685.72 165.183.89
O.¢YJ R2.312.501 (24,937.501
2.￿.71
2.508.78
13.331.471
1726.601
9.600.IXI 1fj4.21Z46 186,229.57
Unrealised gains Incltyyed abo*".
Net gainslllosses) ￿ rwluatj¢
Unrestricted funds comprise those funds which the Trustees are free to use in accordance
with The Charity's objectives. Designated fijnds are the ERF and the CMF whose purpose
is defined by the Trustees.
16