Charity number: 1185276
## **WENLOCK ALMSHOUSES**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2020**
## **WENLOCK ALMSHOUSES**
## CONTENTS
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 4|
|**Independent examiner's report**|5|
|**Statement of financial activities**|6|
|**Balance sheet**|7|
|**Notes to the financial statements**|8 - 22|
## **WENLOCK ALMSHOUSES**
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS _FOR THE YEAR ENDED 31 DECEMBER 2020_
|**Trustees**|Mr C D Forbes Adam|
|---|---|
||Mrs J Luscombe|
||Mr I Reynolds|
||Dr D Belbin|
||Rev R M Kirkman|
|**Charity registered number**
1185276
**Principal office**
Escrick Park Estate
Escrick
YO19 6EA
**Secretary**
Sarah van Kalsbeek
**Independent examiner**
Jane Marshall FCA DChA
BHP LLP, Chartered Accountants
Rievaulx House
1 St Mary's Court
York
YO24 1AH||
Page 1
## **WENLOCK ALMSHOUSES**
## TRUSTEES' REPORT
_FOR THE YEAR ENDED 31 DECEMBER 2020_
The Trustees present their annual report together with the financial statements of the Charity for the 1 January 2020 to 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
## _**Objectives and activities**_
## **a. Policies and objectives**
The purpose of the charity is to maintain the Almshouses in Escrick and to help the poor residents in the Parishes of Escrick and Deighton.
The Trustees confirm that they have complied with their duty to have due regard to Charity Commission guidance on public benefit when exercising their power or duties.
## _**Achievements and performance**_
## **a. Review of activities**
Escrick & Deighton Charities have continued to maintain and improve the facilities at Escrick Almshouses, including the drafting of plans for an extension to property 59 in order to further the charity's objectives. The charity has also realised the income shares held by the Consolidated Poor's charities to make more productive use of these funds, and has removed the Consolidated Poor's charities from the register as part of modernisation plans for the charity's structure.
During the year the charity became a charitable incorporated organisation (CIO). As part of this processes, Escrick & Deighton Charities and Wenlock Almshouses merged on 30 June 2020. Further details of this can be found in Note 15.
## _**Financial review**_
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
The Trustees retain a level of general income reserves in order to maintain the Almshouses for future generations. The Trustees' objective is that reserves should not fall below the level of 12 months' recurrent expenditure which, on the basis of current expenditure levels, gives a minimum level of required reserves of £14,000. At 31 December 2020, free reserves were £44,844. General income reserves as at 31 Decenver 2019 were £56,719 and were shown within restricted funds as all the funds of the charity were at that date either restricted or endowment funds.
Page 2
## **WENLOCK ALMSHOUSES**
## TRUSTEES' REPORT (CONTINUED)
_FOR THE YEAR ENDED 31 DECEMBER 2020_
## **Financial review (continued)**
## **c. Results**
The charity generated a surplus for the year, before investment gains/(losses), of £16,032 (2019: £12,330). The loss on investments was £14,463 (2019: gain of £21,356). The overall surplus for the year was £1,568 (2019: £33,686). Funds carried forward at the year end are £806,627 (2019: £805,059) of which £241,627 (2019: £nil) are unrestricted funds, £nil (2019: £240,059) are restricted funds and £565,000 (2019: £565,000) are endowment funds.
## _**Structure, governance and management**_
## **a. Constitution**
Wenlock Almshouses is a registered charity, number 1185276, and is constituted under a constitution.
## **b. Methods of appointment or election of Trustees**
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
## **Plans for future periods**
The charity will continue to support the local community by maintaining the upkeep of the Almshouses to a high standard.
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 3
## **WENLOCK ALMSHOUSES**
TRUSTEES' REPORT (CONTINUED)
_FOR THE YEAR ENDED 31 DECEMBER 2020_
Approved by order of the members of the board of Trustees and signed on their behalf by:
## Charles Forbes Adam
Charles Forbes Adam (Jul 21, 2021 19:23 GMT+1)
**C D Forbes Adam** Chairman Date: 19 July 2021
Page 4
## **WENLOCK ALMSHOUSES**
## INDEPENDENT EXAMINER'S REPORT
_FOR THE YEAR ENDED 31 DECEMBER 2020_
## **Independent examiner's report to the Trustees of Wenlock Almshouses ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2020.
## **Responsibilities and basis of report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns 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.
Signed: Jane Marshall (Jul 22, 2021 10:28 GMT+1) Dated: Jul 22, 2021
Jane Marshall FCA DChA
## **BHP LLP**
Rievaulx House 1 St Mary's Court York YO24 1AH
Page 5
## **WENLOCK ALMSHOUSES**
## STATEMENT OF FINANCIAL ACTIVITIES
_FOR THE YEAR ENDED 31 DECEMBER 2020_
|**Note**
**Income and**
**endowments from:**
Charitable activities
3
Investments
4
**Total income and**
**endowments**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
Net gains/ (losses) on
investments
**Net income/**
**(expenditure)**
Transfers between funds
12
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought
forward
Net movement in funds
**Total funds carried**
**forward**|**Unrestricted**
**funds**
**2020**
**£**
**12,898**
**4,292**
**17,190**
**11,033**
**11,033**
**13,580**
**19,737**
**221,890**
**241,627**
**-**
**241,627**
**241,627**|**Restricted**
**funds**
**2020**
**£**
**13,297**
**3,649**
**16,946**
**7,072**
**7,072**
**(28,043)**
**(18,169)**
**(221,890)**
**(240,059)**
**240,059**
**(240,059)**
**-**|**Endowment**
**funds**
**2020**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**565,000**
**-**
**565,000**|**Total**
**funds**
**2020**
**£**
**26,195**
**7,941**
**34,136**
**18,105**
**18,105**
**(14,463)**
**1,568**
**-**
**1,568**
**805,059**
**1,568**
**806,627**|Total
funds
2019
£
26,581
7,009|
|---|---|---|---|---|---|
||||||33,590|
||||||21,260|
||||||21,260|
||||||21,356|
||||||33,686|
||||||-|
|||||||
||||||33,686|
||||||771,373
33,686|
||||||805,059|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 22 form part of these financial statements.
Page 6
## **WENLOCK ALMSHOUSES**
## BALANCE SHEET
_AS AT 31 DECEMBER 2020_
|**Note**
**Fixed assets**
Tangible assets
8
Investments
9
**Current assets**
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one year
11
**Net current assets**
**Total net assets**
**Charity funds**
Endowment funds
12
Restricted funds
12
Unrestricted funds
12
**Total funds**|**632**
**45,602**
**46,234**
**(1,390)**|**2020**
**£**
**565,000**
**196,783**
**761,783**
**44,844**
**806,627**
**565,000**
**-**
**241,627**
**806,627**|1,902
56,547
58,449
(1,730)|2019
£
565,000
183,340|
|---|---|---|---|---|
|||||748,340
56,719|
||||||
|||||805,059|
|||||565,000
240,059
-|
||||||
|||||805,059|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
## Charles Forbes Adam
Charles Forbes Adam (Jul 21, 2021 19:23 GMT+1)
## **C D Forbes Adam**
Chairman
Date: 19 July 2021
The notes on pages 8 to 22 form part of these financial statements.
Page 7
## **WENLOCK ALMSHOUSES**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 DECEMBER 2020_
## **1. General information**
Wenlock Almshouses is a charitable incorporated organisation (CIO) registered in England and Wales. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principle activities can be found on page 3.
## **2. Accounting policies**
## _**2.1 Basis of preparation of financial statements**_
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accunting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
Wenlock Almshouses meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## _**2.2 Going concern**_
The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
## _**2.3 Income**_
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Page 8
## **WENLOCK ALMSHOUSES**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 DECEMBER 2020_
## **2. Accounting policies (continued)**
## _**2.4 Expenditure**_
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## _**2.5 Interest receivable**_
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## _**2.6 Taxation**_
The Charity is exempt from tax on income and gains falling within the available tax exemptions to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
## _**2.7 Tangible fixed assets and depreciation**_
All properties are revalued every 5 years, with additions in intervening periods being stated at cost. No depreciation is provided on properties as they are maintained in a state of good repair and accordingly the Trustees consider that the lives of these assets are so long and residual values, based on prices prevailing at the time of valuation, are so high that any depreciation charge would be insignificant.
## _**2.8 Investments**_
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.
## _**2.9 Debtors**_
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## _**2.10 Cash at bank and in hand**_
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 9
## **WENLOCK ALMSHOUSES**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 DECEMBER 2020_
## **2. Accounting policies (continued)**
## _**2.11 Liabilities and provisions**_
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
## _**2.12 Financial instruments**_
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## _**2.13 Fund accounting**_
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Endowment funds are expendable funds which are held on trust to be retained for the benefit of the charity as a capital fund. Any income generated is treated as unrestricted funds. Any capital gains or losses arising on investments form part of that fund.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 10
## **WENLOCK ALMSHOUSES**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 DECEMBER 2020_
## **3. Income from charitable activities**
|Alms Houses Contributions
Oil Receipts
Total 2019|**Unrestricted**
**funds**
**2020**
**£**
12,898
-
12,898
-|**Restricted**
**funds**
**2020**
**£**
12,392
905
13,297
26,581|**Total**
**funds**
**2020**
**£**
**25,290**
**905**
**26,195**
26,581|Total
funds
2019
£
23,770
2,811|
|---|---|---|---|---|
|||||26,581|
||||||
## **4. Investment income**
|Accumulation dividends receivable
Bank interest receivable
Total 2019|**Unrestricted**
**funds**
**2020**
**£**
4,292
-
4,292
-|**Restricted**
**funds**
**2020**
**£**
3,614
35
3,649
7,009|**Total**
**funds**
**2020**
**£**
**7,906**
**35**
**7,941**
7,009|Total
funds
2019
£
6,924
85|
|---|---|---|---|---|
|||||7,009|
||||||
Page 11
## **WENLOCK ALMSHOUSES**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 DECEMBER 2020_
## **5. Analysis of expenditure on charitable activities**
## _**Summary by fund type**_
|Charitable activities
Total 2019|**Unrestricted**
**funds**
**2020**
**£**
11,033
-|**Restricted**
**funds**
**2020**
**£**
7,072
21,260|**Total**
**funds**
**2020**
**£**
**18,105**
21,260|Total
funds
2019
£
21,260|
|---|---|---|---|---|
||||||
## **6. Analysis of expenditure by activities**
|Alms Houses Contributions
Total 2019|**Activities**
**undertaken**
**directly**
**2020**
**£**
11,053
19,046|**Support costs**
**2020**
**£**
7,052
2,214|**Total**
**funds**
**2020**
**£**
**18,105**
21,260|Total
funds
2019
£
21,260|
|---|---|---|---|---|
||||||
Page 12
## **WENLOCK ALMSHOUSES**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 DECEMBER 2020_
## **6. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Rates and water
Light and heat
Repairs and maintenance
Insurance
Upkeep of grounds
Sundry expenses
Architects fees
Total 2019
**Analysis of support costs**
Clerks salary
Treasurers' salary
Legal and professional fees
Independent examiners fees
Total 2019|**Alms Houses**
**Contributions**
**2020**
**£**
1,360
1,580
4,112
1,044
2,272
446
239
11,053
19,046
**Alms Houses**
**Contributions**
**2020**
**£**
950
300
4,860
942
7,052
2,214|**Total**
**funds**
**2020**
**£**
**1,360**
**1,580**
**4,112**
**1,044**
**2,272**
**446**
**239**
**11,053**
19,046
**Total**
**funds**
**2020**
**£**
**950**
**300**
**4,860**
**942**
**7,052**
2,214|Total
funds
2019
£
1,363
3,275
7,687
1,046
1,027
532
4,116|
|---|---|---|---|
||||19,046|
||||Total
funds
2019
£
950
300
-
964|
||||2,214|
|||||
## **7. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits (2019 - £nil _)_ .
Page 13
## **WENLOCK ALMSHOUSES**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 DECEMBER 2020_
## **7. Trustees' remuneration and expenses (continued)**
During the year ended 31 December 2020, no Trustee expenses have been incurred (2019 - £nil _)_ .
## **8. Tangible fixed assets**
|**_Cost or valuation_**
At 1 January 2020
At 31 December 2020
**_Net book value_**
At 31 December 2020
At 31 December 2019|**Freehold**
**property**
**£**
**565,000**|
|---|---|
||**565,000**|
||**565,000**|
||565,000|
The Almshouses are situated on the Main Street in Escrick. They have been included at valuation of £565,000 as valued by Stephensons Estate Agents on 8 July 2016. In the opinion of the trustees the valuation at 31 December 2020 has not changed.
Page 14
## **WENLOCK ALMSHOUSES**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 DECEMBER 2020_
## **9. Fixed asset investments**
|**_Market value_**
At 1 January 2020
Additions
Revaluations
**_At 31 December 2020_**
**_Net book value_**
**_At 31 December 2020_**
_At 31 December 2019_
**Debtors**
**_Due within one year_**
Trade debtors
Prepayments and accrued income|**2020**
**£**
**-**
**632**
**632**|**Listed**
**investments**
**£**
**183,340**
**27,906**
**(14,463)**
**196,783**
**196,783**
183,340
2019
£
1,250
652
1,902|
|---|---|---|
## **10. Debtors**
Page 15
## **WENLOCK ALMSHOUSES**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 DECEMBER 2020_
## **11. Creditors: Amounts falling due within one year**
|Trade creditors
Accruals and deferred income
Deferred income at 1 January 2020
Resources deferred during the year
Amounts released from previous periods|**2020**
**£**
**440**
**950**
**1,390**
**2020**
**£**
**600**
**-**
**(600)**
**-**|2019
£
180
1,550|
|---|---|---|
||||
|||1,730|
|||2019
£
-
600
-|
||||
|||600|
Page 16
## **WENLOCK ALMSHOUSES**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 DECEMBER 2020_
## **12. Statement of funds**
|**Statement of funds**||||||
|---|---|---|---|---|---|
|**Statement of funds - current year**
**Balance at 1**
**January 2020**
**£**
**_Unrestricted_**
**_funds_**
**_Designated funds_**
Extraordinary
repair fund
**-**
**_General funds_**
General funds
**-**
**_Total Unrestricted_**
**_funds_**
**-**
**_Endowment funds_**
Property
**565,000**
**_Restricted funds_**
General income
reserves
**56,719**
Extraordinary
repair fund
**183,340**
**240,059**
**_Total of funds_**
**805,059**|**Income**
**£**
**4,292**
**12,898**
**17,190**
**-**
**13,332**
**3,614**
**16,946**
**34,136**|**Expenditure**
**£**
**-**
**(11,033)**
**(11,033)**
**-**
**(7,072)**
**-**
**(7,072)**
**(18,105)**|**Transfers**
**in/out**
**£**
**178,911**
**42,979**
**221,890**
**-**
**(62,979)**
**(158,911)**
**(221,890)**
**-**|**Gains/**
**(Losses)**
**£**
**13,580**
**-**
**13,580**
**-**
**-**
**(28,043)**
**(28,043)**
**(14,463)**|**Balance at 31**
**December 2020**
**£**
**196,783**|
|**_Unrestricted_**
**_funds_**
**_Designated funds_**
Extraordinary
repair fund
**_General funds_**
General funds
**_Total Unrestricted_**
**_funds_**
**_Endowment funds_**
Property
**_Restricted funds_**
General income
reserves
Extraordinary
repair fund
**_Total of funds_**||||||
||||||**44,844**|
||||||**241,627**|
||||||**565,000**|
||||||**-**
**-**|
||||||**-**|
||||||**806,627**|
Page 17
## **WENLOCK ALMSHOUSES**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 DECEMBER 2020_
## **12. Statement of funds (continued)**
## **Statement of funds - prior year**
|**_Endowment funds_**
Property
**_Restricted funds_**
General income reserves
Extraordinary repair fund
**_Total of funds_**|Balance at
1 January
2019
£
565,000
51,313
155,060
206,373
771,373|Income
£
-
26,666
6,924
33,590
33,590|Expenditure
£
-
(21,260)
-
(21,260)
(21,260)|Gains/
(Losses)
£
-
-
21,356
21,356
21,356|Balance at
31 December
2019
£
565,000|
|---|---|---|---|---|---|
||||||56,719
183,340|
||||||240,059|
||||||805,059|
The Endowment fund relates to the value of the land situated at Escrick with the Almshouses thereon known as Wenlock Almshouses (see note 7).
In 2018, the endowment fund also included the Income shares of the Consolidated Poor's Charities as per the Charity Commission Scheme dated 1st September 1967. Following resolution by the trustees of the charity at a meeting on the 2nd July 2018, it was agreed upon to dispose of the income shares and transfer these funds to restricted funds. The trustees are satisfied that this will allow for the purpose set out by the consolidated poor's charities to be fulfilled more effectively.
During the year amounts totalling £20,000 were transferred to the extraordinary repair fund.
On merging with the CIO Wenlock Almshouses, the restrictions on the general funds and extraordinary repair fund that had been in place under the previous governing documents were removed and a transfer has been included in relation to these funds as at the date of the merger. The etraordinarey repair fund has been transferred to designated funds to be held for the extraordinary repair, improvement or rebuilding of the Almshouses.
Page 18
## **WENLOCK ALMSHOUSES**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 DECEMBER 2020_
## **13. Summary of funds**
## **Summary of funds - current year**
|Designated funds
General funds
Endowment funds
Restricted funds|**Balance at 1**
**January 2020**
**£**
**-**
**-**
**565,000**
**240,059**
**805,059**
**- prior year**|**Income**
**£**
**4,292**
**12,898**
**-**
**16,946**
**34,136**
Balance at
1 January
2019
£
565,000
206,373
771,373|**Expenditure**
**£**
**-**
**(11,033)**
**-**
**(7,072)**
**(18,105)**
Income
£
-
33,590
33,590|**Transfers**
**in/out**
**£**
**178,911**
**42,979**
**-**
**(221,890)**
**-**
Expenditure
£
-
(21,260)
(21,260)|**Gains/**
**(Losses)**
**£**
**13,580**
**-**
**-**
**(28,043)**
**(14,463)**
Gains/
(Losses)
£
-
21,356
21,356|**Balance at 31**
**December 2020**
**£**
**196,783**
**44,844**
**565,000**
**-**|
|---|---|---|---|---|---|---|
|||||||**806,627**
Balance at
31 December
2019
£
565,000
240,059|
|**Summary of funds**|||||||
|Endowment funds
Restricted funds|||||||
|||||||805,059|
## **14. Analysis of net assets between funds**
**Analysis of net assets between funds - current year**
|Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
**_Total_**|**Unrestricted**
**funds**
**2020**
**£**
-
196,783
46,234
(1,390)
241,627|**Endowment**
**funds**
**2020**
**£**
565,000
-
-
-
565,000|**Total**
**funds**
**2020**
**£**
**565,000**
**196,783**
**46,234**
**(1,390)**
**806,627**|
|---|---|---|---|
Page 19
## **WENLOCK ALMSHOUSES**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 DECEMBER 2020_
## **14. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
**Total**|Restricted
funds
2019
£
-
183,340
58,449
(1,730)
240,059|Endowment
funds
2019
£
565,000
-
-
-
565,000|Total
funds
2019
£
565,000
183,340
58,449
(1,730)
805,059|
|---|---|---|---|
## **15. Related party transactions**
There were no related party transactions during either period.
Page 20
## **WENLOCK ALMSHOUSES**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 DECEMBER 2020_
## **16. Merger Accounting**
Escrick & Deighton Charities was an unincorporated charity (charity number 227760). A seperate charity, under the name of Wenlock Almshouses was incorprated as a charitable incorporated organisation (CIO) on 12 September 2019 (charity number 1185276). The unincorporated charity and the CIO were merged on 30 June 2020 and as such merger accounting has been used in these financial statements. The assets, liabilities and funds of the combining charities are presented as though they had always been part of the same reporting charity. Due to the merger occuring halfway through the reporting period, the results of the combined charities for the whole reporting period relate to six months of the pre merger period and six months of the post merger period. The compartive amounts all related to the pre merger period.
## **Analysis of SoFA components for the current reporting period**
|**Escrick and**
**Deighton**
**Charities (pre-**
**merger)**
**£**
Total income
16,946
Total expenditure
(7,072)
Other gains/(losses)
(28,043)
(18,169)|**Wenlock**
**Almshouses**
**CIO (post-**
**merger)**
**£**
17,190
(11,033)
13,580
19,737|**Total**
**funds**
**£**
**34,136**
**(18,105)**
**(14,463)**
**1,568**|
|---|---|---|
There was no activity in the CIO Wenlock Almshouses pre merger.
## **Analysis of principal SoFA components for the previous reporting period**
|Total income
Total expenditure
Other gains/(losses)
Total funds brought forward
**_Total funds carried forward_**|**Escrick and**
**Deighton**
**Charities**
**2019**
**£**
33,590
(21,260)
21,356
771,373
805,059|**Total**
**funds**
**2019**
**£**
**33,590**
**(21,260)**
**21,356**
**771,373**
**805,059**|
|---|---|---|
There was no activity in the CIO, Wenlock Almshouses, prior to the merger.
Page 21
## **WENLOCK ALMSHOUSES**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 DECEMBER 2020_
## **Analysis of net assets at the date of merger**
|Restricted funds
Endowment funds|**Escrick and**
**Deighton**
**Charities**
**30 June 2020**
**£**
221,890
565,000
786,890|**Total**
**funds**
**30 June 2020**
**£**
**221,890**
**565,000**|
|---|---|---|
|||**786,890**|
There was no activity in the CIO, Wenlock Almshouses, prior to the merger.
Page 22