WILSON MEMORIAL HOMES
Charitable Incorporated Organisation
Registered Charity No. 1184260
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR TO 31 MAY 2025

WILSON MEMORIAL HOMES
Reference and Administrative Inforniation
Trustees
Hilary Holland (Chair)
Michael Bames
Michael Dobson
Maureen Granville
Julie Gutteridge (Treasurer)
John Bnan Hogg
Sally Margaret Nelson
Peter Sedgwick
William John Wilson
Charity Number
1184260
Prln¢ipal Address
Brampton Community Centre
The lrthing Centre
Union Lane
Brampton
CA8 1BX
Independent Examiner
Miss A Taylor
Am)athwaite
Carlisle
Bankers
Bardays Bank PLC, Rosehill. Carlisle
Cumberland Building Society,
19 Front Street. Brampton, CA8 1 NG
cc￿ Senator House. 85 Queen Vi￿Oria Street.
London. EC4V 4ET
Clerk to thè Trustees
Mrs A Nixon
Wilson Memorial Homes
Office 1 Brampton Communty Centre
The lrthing Centre
Union Lane
Brampton
CA8 18X

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

WILSON MEMORIAL HOMES (The Charity)
Trustees. Annual Report
The Trustees present their annual report and finanual statements for each 12-month period
ending 31 May. This report is forthe period 1* June 2024 to 31 May 2025.
The financial statements have been prepared in accordan￿ with the a¢￿Unting 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 Charrties. (SORP 2016) issued in January 2016, and more
recent autumn 2019 - Charity SORP FRS 102, Upjate Bulletin 1 and 2.
Structure, Governanca and Management
The 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 Constrtution). All of
Ihe assets of the fomer Wilson Memorial Homes, Charity number 224967 were transferred to
the Charity on 30 September 2019 which was the date when thè two Gharities merged.
The Charity is govemed by a minimum of 3 and a maximum of 12 Trustees (the Trustees) and
Clerk to the Trustees who meet at least four times a year.
The Trustees or the Clerk visit all of the properties, which fom) part of V4fjlson Memorial
Homes, on, at least, an annual basis. Many of the properties were visited by the Clerk,
accompanied by either a member of staff. Contractor or Trustee during the year.
Trustees
he Trustees
The Trustees who seried during the period we￿.
Michael Bames
Michael Dobson
Maureen Granville
Julie Gutteridge
John Brian Hogg
Hilary Holland
Sally Nelson
Peter Sedgwi¢k
Iliam Wilson
New Trustees are usually appointed by being recommended by an existing Trustee and
fomially approved by a resolution passed at a properly convened meeting of the Trustees.

Public benefit
The Trustees have reviewed the Charity Comfflission's guidance on the requirement to report
on public benefit and are satisfied that the work of Ihe Charity provides tangible benefit to a
wide section of people who live in or were bom in the Charity's areas of benefit. The criteria
used to assess those who may benefft are not unreasonably restrictive.
Objectives
The Constitution sets OLrt the objects of the Charity which are °The provision and maintenance
of alms-houses to people of not less than 50 years of age with a charitable need for housing,
the majority of whom being on low incomes. and where preferen￿ is given to people who are
bom in or are resident in the Parishes of Farlam, Brampton and Walton..
Activiti•s, maintenance and repairs
The Charity 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 level.
Whenever a property becomes vacant the policy is, where necessary, to modemise the
kitchen and bathroom and deal with any other defects, resources pemiitting.
SFecific major works carried out during this period:
Extemal Wndow and Door Re
lacements
A programme of works to repla￿ all UPVC extemal windows and doors at the Wilson
Memorial Homes. properties continues. Phase 2 included eleven properties being completed
in this period at The SarKls, Brampton.
No. 6 Station Road Ends Mimon Bram
ton - Refijrbishment
This property has been fully refurbished with new insulated floors and walls, new High Heat
Retention radiators installed, and wth new bathroom and kitchen fftbngs. This work was
nearing completion at the year*nd.
2 Milton
The chimney was re-buirt.
Financial Review
All residents pay a Weekly Maintenance Contribution Iiwc) which is below the fair rent set by
the Valuation Office. The WC is ￿vieWed annually, and as a result a £4 increase was
applied lo all homes effective from June 2024. This meant that. for example, the standard
WMC for ￿0-bedrOOM properties in Brampton was increased from £93-£97. This ensures that
signifiGant 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 whith £9,499 is an Endowment Fund.

Reserv•s Policy
The Trustees usually follow The Almshouse Association's recommended minimum amounts
for transfer to the Extraordinary Repairs Fund {ERF} and the CyclieAI Maintenance Fund
(CMF), both being designated funds. The Almshouse Association also recommends allocating
an annual sum to Routine Maintenance but the Trustees do not consider it to be necessary to
establish this additional fund at this time.
It is also recognised that rt is ne￿$Sary to have SLrfficient 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 £65,111.67 is thought lo be sufficient to cover day to day expenditure for
approximately 3 months. The Charity has also transfe￿ed an additional £75.290 to cover
some of the ERF expenditure for the following year.

The Alm¥hou¥e A*A>Giation
recommended amount to transfer
to designated funds
Over 20 yoars old per unit
Extraorrlinary Repairs Fund
Cyclical Maintenance Fund
Recommended amount
2025
Properties
45
45
{£) per year
£652
£1.066
£29,340
£47,970
£77.310
EXI￿rdinary Repairs Fund.. EIrÉrg￿￿l8$, mapr repai￿ of tKrflers. virnlo•VS and rcrtjf repairs.
Cyclical Maintenance Fund" Planned rnaintena￿e. ￿furbIshmen* on wancy, kitchen8,
bathrc¥Jms & Int￿lOr decoration.
The Trustees agreed to transfer £29,340 to the ERF (Extraordinary Repairs Fund), and an
additional £75.290 to the ERF to fund fLrture contractual commttments. The recommended
transfer to the CMF {Cydical maintenan￿ Fund) was reduced from £47.970 to £33,000 as
agreed by the trustees, due to there being a sufficient amount within this fund. The trustees
approved the above at a meeting on 21107125.
Risk Factors
The Trustees have examined the risks which the Charlty fa￿S and Gonfimi that intemal
systems, policies and procedures have been established to enable the Charity to function
effectively. The status of the Charity as a CIO mitigates the risk to individual trustees.
Plans for the Future
The recommendations made in the quinquennial report will be considered and, as finances
allow, implemented over time. As a priority, consideration will be given to continue the work of
replacing windows and extemal doors at all properties, and to upgrade the properties as they
b8come empty.
The Weekly Maintenano Contribution IWMC) 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. All residents pay a WMC below the fair rent set by
the Valuation Offi￿.

WILSON MEMORIAL HOMES
Statement of Responsibilities
The Trustees are responsible for preparing Ihe Trustees. Annual Report and the financial
statements in accordan￿ with the applicable law and United Kingdom Accounting
Standards (United Kingdom General A￿pIed Accounting prad1￿).
The law applicable to ¢haTities in England and Wales 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 arKI of the incoming reSoUr￿S and application of resources of The
Charity for that period.
In preparing these financial statements. The Trustees are required to..
Select suitable accounting poliGies and then apply them ￿nsIstentIy-
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 The Charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records vthich disclose
with accuracy 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 the assets of The Charity and
hence taking reasonable steps for the prevention and detection of fraud and other
i￿egularitIes.
The Trustees therefore ￿rtify that:
In so far as we are aware there is no relevant audit infomation of which The Charity's
independent examiner is unaware,- and
We have taken all reasonable steps that we ougm to have taken to make ourselves
aware of any relevant audit infomiation and to establish that the independent examiner
is aware of that informats'on.
On behaw of the Board of Trustees
Chair..
Mrs Hilary Holland

ACCOUNTS OF THE WILSON MEMORIAL HOMES
l June 2024 to 31 May 2025
Independent Examinevs report to Trustees of the Wilson Memorial Homes
I report to the Tnjstees on my examination ofthe accounts of the Wlson Memorial Ho￿8 (Chanty
Commission No.11842601 from 1 June 2024 to 31 May 2025.
Respectlvo mponsibilities of the Trustees and th• Independent Examiner
The Trustee5 of The Cha
are res
nsible for the
aration of the ac
in
ccordance with
the Accountin
ndRe
rtin
b Chanties
SORP 2016 . (Charty SORP FRS 102, Update
Bulletin l and Update Bulletin 2).
The Trustees consider that an audtt is not required for thi$ year under section 144 of the Charities
Act 2011 I'the A¢VI and that an independent examinabon ts needed.
It is my responsibilty to-.
examine the accounts under section 144 of the Art
follow the applicable Directions gwen by the Charity Commission (under 5ecb.on 14515}Ib) of the
Act), and
state whether particular matters have ￿me to my attents'on.
Basis of Indgpendent Examinerfs Statement
My examination was carried out in accordance wilh general Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by The Chanty and
a Comparison of the account5 presented wsth those records. 11 also includes considerats'on of any
unusual items or disclosures in the accounts and seeking expLgnations from The Trustees
concerning any sueh matters. The procedures undertaken do not provide all the evidence that
would be required in an audit and consequently no opinion is given as to whether the accounts
present a 'lrue and fairf view and the report is limited lo those matters sel out in the statement
below.
Independent ExamIne￿S Statement
In connection with my examinakn"on, no material matters have come lo my attention in connection
with the examination gtving me cause lo believe that in any material respect..
accounting records were not kept in accordance wf(h section 130 of the ACL or
the accounls did not accord with those records.. or
the accounts d¢d not comply with the applicable requirements conceming the form and content of
accounts set out in the Charitie5 {Accounts and Reports) Regulakn'ons 2008 other than any
requirement that the accounts gwe a 'true and fair view which is not a matter cOnS￿ered a5 part of
an independent examination.
I have no concems and have come across no other matters in Connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Slgned:
Date:
211ip124

WILSON MEMORIAL HOMES
Statement of Financial Activities - Income and Expenditure Account
1 June 2024- 31 May 2025
Note5 Unrestricted
fvnds
Deggnated
Designated Endowment
nd5
Total
ZOZ5
rotal
2024
h)tornlnB Rex¥W￿$
Grants
InCOn￿n& Resources
soo
216,299.08
216.79gJ
500.00
216.299.08 201.032.84
I16.799￿ 201AIIZ44
0.00
OA)0
0.00
oJ)o
ojjo
Opgratby Costs
RunninÈcosts & Maint
Gwnancecosts
3325930
40.157.37
73A16ts7"
67m5.02
24￿￿.{mI
0.00
67J)85112 I4￿
124344.32 188.272.45
40,157.37
44,777.50
164501.69 233￿9.95
Op*rath¥￿￿￿4 IDefidtl
338tAI
167JI85X121 124AWA>OI
5239739 132,017.111
greed PJmshouseTransfer
04reed Transfer
Gains an inveslmentassets
13n4
162.340.001
175290.001
ojjo
29340.00
75290.00
33X*XS.00
0.00
0.00
0.00
0.00
Surp1￿ (Defithlfor the ￿.
5.752AI
37W98 9mOJ)O
5229739 132.017.111
m0￿ment on Resenrns
Fumd Balanrys 31 Mty 2024
SurplusllDeficitl for year
59359.26
5.752.41
28.755.
37.S44.98
56598.20
9KhJO.00
9.SOO.
154212.46 186229.57
5229739 132.017.111
Fund Ba￿$31 P•lty2025
65j11￿7
66299S8
6559820
9SOOm" los￿0945 1S4212A6
The Charity has not acquired or discontinued any fundamental activities during the abov&
financial year, therefore. all of the activities are deemed as continuing.
10

WILSON MEMORIAL HOMES
Balance Sheot as at 31 May 2025
Notes
2025
2024
Fixed
Functional prok*rties
Imestments
44,200.00
44.201.00
44,200 00
41201.00
Current A*ts
Cash at Bank aThJ in ha
Debtors
181.554.52
2,272.23
183.826.75
132,685 72
2,%9.71
135.655.43
Current Liabilitios
Creditors
Loans repayatAe wthin 12 monttr
10
(1,830.401
(2,625.CY)I
(4.455.401
13,331.47}
12,625.00}
15.956.47)
Net Currnnl
179,371.35
129.698.96
Long Tomi Liabilities
Loans reFwable
11
117.062.50)
119,687.501
Total As¥gts L•95 Liabilities
206.509.85
154.212.46
Capital and Re*rves
Capital Fund - Endrth￿ent FU￿15
Income Funds
ignated Funds - ERF
Designat￿1 Funds - CMF
Unreslricled Funds
12
9,50).ts)
9,500.00
13
14
66,299.98
65.598 20
65,111 67
28,755.00
56,598 20
59,359.26
206.509.85
154.212.46
The financial statements were approved by The Trustees and were signed on behalf of The
Cha
b the Chair.
Chair. Mrs Hilary Holland
Date:

W]LSON MEMORIAL HOMES
Notes to the Financial Statèments
For the year ended 31 May 2025
LEGISLATIVE PROVISIONS
The Charity is a Charitable Incorporated Organisation (CIO) which was established on
4 July 2019 and is regulated by the ConstitLrtion.
ACCOUNTING POLICIES
These accounts have been prepared in accordan￿ with applicable accounting
standards. the Statement of Recommended Practi￿, Accounting and Reporting by
Charities, Charity SORP FRS 102. Upjate 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￿$
Contributions from the Residents are accounted for when receivable and are added to
the Unrestricted Fund. Investment Income is accounted for on the receivable dates and
added to th8 relevant furvj in which the investmerrt is held.
ratin
ts
l expenditure has been recognised in the financial statements on an accruals basis.
Functional Pro
rties
The functional properties are induded on the balance sheet at a nominal value of £1.
The current insurance value of these properties is detailed at Note 7 of these
statements.
The properties within The Charity fomied part of the original Permanent Endowment of
the Chartty and under the tems of the Charity Commission scheme dated 4th 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
funds
De￿gnated
funds
Total
2025
Totsl
2024
Corrtributions from residerts
Interest
Grants
Donations. Ins. Claims.
212.403.13
3,895 95
212,403.13
3.895.95
500.C
197.874.00
3,058.84
100.1)0
201.032.84
216,799.06
216.799.OB
OPERATING COSTS
Unrestrl*d Designated Designated
funds
ERF funds CMF funds
Total
2025
Total
2024
Operatlng Co*
Running Costs & Maintenarte 33.259.30 67.085.02 24.OCKI.CKI
G¢xemance Costs
40,157.37
74416.67 67.08&02 240(KI.oo
124,344.32 188.272.45
40,157.37 44,777.50
164,fJ01.69 233,049.95
Running Co&s & Maintenance
Generdl Repair & Maintenance 26.304.03
lrnproKements
o.W 67.085.02 24.oco.crfJ
Water Rates
Council Tax
Insurance
NTVLRO
Bank Charges
AlMSh￿Se Subscription
26.304.03 36,504.20
91,085.02 144,948.22
0.00
0.00
6.159.40
6.159.40
1500
15.00
107.62
107.62
108.42
873.25
673.25
672.00
33.269.30 67.086.02 24,000.IXI 124.344.32 188.272.45
6.039.61
0.00
Govornance Costs
Salaries & Costs
Trustees AssU￿nCe
Independent Examiner
Office Expenses
Legal & Professional Fees
33.316.98
33.316.98 33.971.21
380.80
380.80
250 C(1
3￿.00
5,975.59
5,392.69
234 00
4,732.80
250.00
5.975.59
234.CK)
40.157.37
40.157.37 44.777.50
13

5. TRUSTEES
None of The Trustees received any remuneration during the period.
6. EMPLOYEES
There V￿re employees during the period, the Clerk and an Administrative Assistant.
7. FUNCTIONAL PROPERTIES
2025
2024
Net BcKJk 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 tsventy-seven cottages
ewted thereon and known as Wlson Memorial Homes,
5,603.923
5,316,460
B. Land at Milton having a frontage on lo the road from Milton to
Hallbankgale together wtth the six cottages erected thereon and
known as Wlson Memorial Homes.
1,219,096
1.156.562
C. Land at Walton having a frontage on to the road from Wa￿On to
Nickies Hill together with the six cottages erected thereon and
known as 'Wlson Memorial Homes,
1,205,988
1.144,126
D. Land at Brampton {Ststion Road Endl having a fronta9e on to
the road from Brampton to Milton tC¥Jether wth the six cotlages
erected thereon and known as The Joseph Wlson Homes,
1,127,337
1,069,509
9.156.344
8,686,657
8. INVESTMENTS
Endowment Investment
funds
funds
2025
2024
Market ValL
Beginning of Feriodlyear
Acquisitions at cost
Change in ￿lue in periodlyear
End of year
19,504.38 56,739.01
0.00
148.51
1.713.27
1,861.78
19.652.89 $8,452.28 78,105.17
78,243.39
69,850.02
0.00
6,393.37
76,243.39
Histori¢ Cost
Beginning of period
End ofperiod
9.499.IY) 34.701.00 44,200.
9,499.lJ) 34,701.1)J 44,200.0)
44,2C￿.o0
44,2tKi.00
14

DEBTORS
2025
2024
Weekly Maintenance Ccmtributions (WMC)
2,272.23
1272.23
2,￿9.71
2.969.71
10. CREDITORS:
AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Independent Examiner
Retention
Contractual Payments
300.00
1,CQO.00
2,031.47
3.331.47
1,530.40
1.830.40
ALMSHOUSE LOAN
2025
2024
Balance at 1 Jur
Loan recei￿1
Arrangement fee
Repayments
22,312.50
24.937.50
(2,625.001
19.687.SO
(2,625.001
22.312.50
Llabllltles
Repayable wrthin 12 n))nths
Repayable after 12 mo*rths
2.626.00
17.062.50
2.625.00
19.687.50
12.
ENDOWMENT FUNDS
2025
2024
Balance at 1 June
m0￿Ment in fvThJs'.
Prior pericij adjustment
GainsllLosses) on AquistionslDtsp05als
Commission recei￿{
BJance at 31 May
9.500.00
9,500.00
0.00
0.00
0.00
9.500.00
9.500.00
The Endowment Fund rep￿sents those assets which must be held permanently by the
Charity. Income arising on the assets held in this fund can be used in accordance wtth the
objectives of The Charity and is induded as unrestricted income.
15

13. EXTRAORDINARY REPAIRS FUND
2025
2024
Balance at 1 June
Recommended AA trydnsfer
Agreed additional ERF transfBr
Less ERF Expendf(ure
Balane• at 31 May
28,755.00
29,340.00
75,290.00
67.085.02
66.299.98
0.00
28.755.00
139,038 22
139,038.22
28.755.00
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 V￿th the recommendations of The Almshouse
Association. This year the Trustees a9reed to transfer an extra £75,290, (approved at a
Trustee meeting 21107125).
14. CYCLICAL MAINTENANCE FUND
2025
2024
Balance at l Jur
Transfer firsm Unrestrict&J Funds
Less CMF Expenditure
Balance at 31 May
56,598.20
33,000.CMJ
24.000
66,598.20
62,508.20
0.00
5,910.00
66.598.20
Cyclical Maintenance Fund {CMF)
This is a designated reserve fund for Maintenan￿ occurring at regular intervals. Transfers a
made to it from the Income and Expenditure Account in accordan￿ wtth the recommendations
of The Almshouse Association. The Trustees accepted that they should only transfer £33,000
instead of £47,970, to keep a reasonable amount in unrestricted reserves.
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted De99na￿d
fiiw)d5
ErTrdowment
fut)ds
Total
2025
Totsl
2024
Fixed Awts
Functional Prorrf
stmerts
COIF Fixéd Interest FLWhJ
COIF In￿lment FurKI
17.350.
17.351.CO
34.701.C¢)
17.39J.rKJ
17.350.00
9.499.CfJ 26.8￿.￿ 28.850 rx)
9.￿.[K) 44.201.00
44.201.(K)
Curront Aa•etsfLiabllltles
Cash * bank
LL)ans
49.￿.34
(19.e87.X))
2.272.23
11,830.40)
6S,111.67
131,898.18
O.C<> 181.554.52 132.685.72
O 119.667.$01 122,312.501
2.272.23
2.￿9.71
(1.830.401
13.331.4n
9.500.LX) 206,$09.85" 154.21148
CreditorB
N•t •a￿tatIo*￿1 fund
131.89&18
Unreaised 98ins irtluded t￿￿..
Net 98inslOosses) on ￿￿￿¥tILY
Unrestricted funds comprise those funds vthich the Trustees are free to use in accordance with
The Charity's objectives. Designated funds are the ERF and the CMF whose purpose is
defined by the Trustees.
16

Ln