Reglstered number.. 14090842 Charfty number: 1199151 THE WADENHOE TRUST (A Company Llmlted by Guarantsg) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023
THE WADENHOE TRUST (A Company Llmlted by Guarant) CONTENTS Page Rof•r•nc• and Admlnl¥str4tlvè D•ta118 of th• Charlty. Its TfUSt••s and 1$0 Trust. R•port Tru8teo8' Respon8lblIi PJtat•mont Indop•nd•nt Audltors. Rèport on th• Flnandal Stst•m•rts stst•rn•rtt ol Flnanclal Acll¥hl 7. 11 12 Balance 8h•et 13-14 N¢)ts• to tho Fln•n¢Sal Stat•m•nis 15-25
THE WADENHOE TRUST IA Company Llmlt¥d by Gu4rani••} REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 TruBt••• BRDunn C A Eart18ppointed 24 Juty20231 JRGent S M H811. Chalrman AC Hot80n F M Lalng D R WeLt& Compjny r•gl•t•rgd number 14090642 Ch•rlty r•ql•t•red numbor 1199151 R•gl•t•r•d ofll Goldsrnlths The Auctknn Ce Easts¥oc#J Rood Oundlg Pelerborcwh PÉ8 dDF Ind•p•nd•nt audltorn Streets Audit LLP 38 Tyndall Court Comrngr¢¢ Road Lyn¢h Wood Pglert)orrx4gh PE2 6LR Bank•rn 8arclay3 Leicg8ter LE87 2BB Solleliorn HCR H6wlisons SO40 Station Rd Cambrklge cambrIdgesh8 CB12JH Pa98 1
THE WAOENHOE TRUST A Company Llrntted by Guarnnto01 TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Th• Trustees present their annu81 report together th& 8uditad fflnanaal slalem8nts of Ihe Charfty for the y88r 1 January 2023 10 31 Dec8mbeT 2023. The Annual Report sorves Ihe purposas of both a Trustees, reFKJrt and 8 dir¢c¢ors' roport under company law. Th6 Trustees confirn th th8 Annual Report and financial slatemgnl3 ol the charitable company compty vAth the ojrrent statLrtory r8qu5r8monl$, tho r6quirèmants of th8 charitsble ¢ompang$ goveffling document and tho prov19knns of lh8 Statement of R8(x)mmènd&d Practlcg ISORPI appllcabl& to (arili9s prgparing thgir ac¢ounts in 8ccordanc vhth the Finandal Reportlnu Standard applicAbl• In the UK and Repu1¢ of Ireland IFRS1021 leff8ciN8 1 January 20191. Slnce the Charty qualffioy as small under 88cYon 382 of thg Companbs Act 2008. the Strateglc Report required of medium and kirge companle8 under the Companles Act 2( Istrntgglc Roport and Director8, Reporti Regulatlons 2013 has been omitted. On the 01 Jonuary 2023 the op8raUons, 88sets and liabllltle8 Irom The W8d8nhoe Trust. an unincorporated charfjly Ich8dty reglstsr811 numbef 282013) wera transferred to this new Charitab comp8ny vh¢h the approvol of the Charity Commlssior. A8 th8 chartty h88 continued albeit uThJer a 18gal stru¢th, comp8rnIvo figur08 from th8 prwlouB charlty h¥ve be Induded In the$8 fiTrando18ts1ements a8 dlsd080d furth•r In ihe a¢¢ounllng polldo8. ObJ•¢tl¥•• and actlvlti •. Pollchs and obJ•ctSv•• Th• Ch*riV8 obl•c¢g. •$ $•1 oul vlthln the Memtsr•ndum #nd ArtOel•s, AM.. al to preserve the vlllage properties as an entity as part of the nalon81 herftsg8. b} lo con$orv9, m81ntah and Imprnva for tha publk b&nefft the arthltecturnl 8nd 8lJgth&Uc quallUg9 ¢)f th8 village propèrtia8. cl lo g)n3orve and ènhanco for th8 putllc benth the natural tty of the lIage surnundlngs. dl lo adv4nce thg gducatlon of th• publk In th8 8rchrt6ctural and oesthellc rr8rlt8 of Ihe villag& and Ihg desirability ol preser¥irvJ the village and wllaggs of 8 similar character for th8 benefit of the nation. 91 lo prnseTV8 and to encourage the sludyand dissenal of kngO oftho gr¢hggolcglcal $118S and th8 indlgtsnous lior8 and launa io b& found In Ihe village 8nd its surroundingg. Wadgnhoe bs a small village of 120 or $0 inhabitants in njral North8mptonshlre. The wllag8 sits beBide the RIv8r Nène and a walk, known as the Nene Way. runs through il. The vi118ge a popular dastinadon lor walkers and othèr vi%ilors. Adlacant to tha villagè tharè is a site of archaeological intsrest an ar&8 of speclal interest for nature. Tho villagels in the limestone belt and most of hs bulldlngs use loc81 ston8. A SIgnlC8nt number of tha bulldbngs are Ilsted. and many of those are ownèd by th8 Trust. The church, village hall and the ng s H8ad publlc jS6 are freqTrtty used by Ihe public, the18tter b8lvJ owngd by tho Trust In setting ObjVe8 aThJ planning for acbwbes. Ihe Trustees have given ¢JJe con8idoration to 98ra1 guid#nce published by th8 Ch8rfty COMMI1 Tr181ing to publk bw)efft. incdirj the gUidan'PUblltr b8nelit rurnning a Charity IPB21'. P8g8 2
THE WADENHOE TRUST IA Company Llmlt•d by Guarants•) TRUSTEES. REPORT ICONTINUEOI FOR THE YEAR ENDED 31 DECEMBER 2023 Oblectlvu and actlvltjes l¢ontlnuod) b. Stratsgl•$ f¢r#chkvlng obl•ctfve8 Th8 TnJ$tw have agreed that, tskirwJ (Th yèar 8Mth8r. tw wll 8&8k lo fijlfil all the Tru$Vs prfmary obleets, wllhln the resources at their dlspo881. In managlNJ th& Twst 8889ts they airn lo maintsln A balanr b8tsY88n Ihal objective on thè ono hand. and obtolniThJ a r8asonablè rètum from Ihèlr assets in ordtr lo molntaln •conomic viablllty on th& othor. The oblectlvgs ofth8 Trust for the y88r ended 31 Dmber 2023 wgre to continue to man890 gffioiontly and IfectiV8ty the propertles ol the Trust lo ensure the promary objecUv8s atrx)v• contlnue lo bo mtrl. The Main actlvty ol the Tw$1 is tha rnanagemenl of th8 proporty whth It owns, Inchjding the colk8cUon of r8nt8. malnlenance and dev•bpmgnl. The Truslees have pald due regard lo gUklan18Su0d by lh8 CharltyCommi¥s1 In deodlrg whot octlvWe8 Ihts TN816hould undart8kg. A¢hlevom•nts and p•rforniane• a. M•ln achlev•m•nt• af tho Charlty Tho Tru81 provided fundSng to Reugation Hall Cwmlttgo for the CoTonallon ceknbrallons that w8r8 held on th• Vlllage Grgen on 6 M8y. A result of 8 181k 8bout the Trust ond t1 of Ihe vi118g8 glven by of th• Tnjstees durfng Ihtr 8ummer a c105e 15alson h85 been èstsblIsh with Oundle U3A Local H1510ry Group. They have agreed lo revise tho booklet A Short GUed Walk Around Hi$torTrc Wadenhoe with the 8irn of h5ghlighting the 8i¢hitactur81 and aesthellc merfts of tha Mllage. They intend lo p¢8 8 $uh8blg dcwm8nt rga¢ty publkakn tn 2024. The con88rv8tk)n and an8fgy Improvemenl prosY8mm8 for vlllagg PfQPOrtles contlnuèd throughout th• y8ai wSlh rooflng uparades and insulallon to the 101117•1ng prop8rU8s'. Nos. 1- 6 on Tha Green, wth No. 4 hang an oxlenslve refurbishment that ral6fjd thg EPC grade lo C. This was only posslble becaus6 the property wa¥ vacant. 22 Pudding Lane became vacant earfy in th• ar after belng occupled by tho samg t9nanl for over 55 ars. A8 a Ll$led 8ulhllng of some I8Ce th8 repair and Trmprov6ments options wgr9 gxpk>r8d with the aBslslance ol an architect and hlstoric building conserval¥)n nSultantS. Tho specyficab'on agreod by The Trustees will be submitted to tho Listsd 8ulhlin9s Officer lor approval in 2024 wlh the uim of procèeding with lh6 work package Bs prompuy 88 possibl•. The Mill Fami Bam unll was let in the spring. Flnanclal r•vhw 4. Goln9 ¢onc•m Aftor maklng appropriate enqulrfes, the TTUStees h8Ve 8 r88sonablo exp8cialion that the Charity has adequats re6ourc85 to contfjnug In opgrat1¢al existence for the fofysoaable future. For this fBason, they conlnuo to adopt the golng con¢em ba8is in pr8Partng Ihg financial stalements. Further detalls rngardlThJ the adoptlorn ol th8 going wnoèm basis can be found in the a¢nting lIa•s. Paga 3
THE WADENHOE TRUST IA Company Llmlted by Guarantè•) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 b. R8s•rv•s pollcy Unrestricted funds hekj al 31 Decamber 2023 w8ra £1.$92.153 (2022- £1,355,162), a net increas8 durfng the year of £238,991 {2022- nel dec¥ea80 of £8.8641. 11 is the polScy of th8 Trust to 8lm to retaln sufldent r8sourcès lo enablè It to me•1 th8 normal rev8nuo exp8ndilurg which It expects lo irKxJr ovèr thè nèxt slx months as wo11 a5 other exed Ilabllllles. The Tasources al 31 D8cemb8r 2023 were £920.70212022- £1,039.3731 reprèsent by n&t current as88ts attrlbulable to Its eXP8ndabl& endowm&nl fvNI8 01£389,397 {2022- £765.3251 and attrfbutablo to unr88trfctod funds of £531.30512022. £274,048). ¢. Capltal •xpondltur• Prop8rty Improvements cogllng a totsl of£183.636 {2022- £591.340) worg ut7d8rtak9n durSng th8 r. Cap11818P8ndlng durfng 2023 Included £40.825 on 22 Puthjing Lane, £62,902 cm 4 Th& Groen, £37,299 on 7 The Green ar £34.979 on 8 The Gre&n. TruEleos have a prol8Ct expondlknre In 9¢8 and exp•d to utHls• tho Sndryntfund liquld assets ovar tha n8xt f8w ygars. ansurfng the c48Ctlves of tho tharfty wth)u& lo be meL d. Rl•k• Tho Tru8t•os havo 3680660d Iho major rf8ks to vthlch lh• Tru•t 1¢ •xpos•d And af• SAtlsfl•d thot Bystgm• ar• In place to mitigate exposure io the rt5k3. A bl8nnual r¥W of risk 98sessmenl rnethodok)gy Is due durfng 2024. Struclur•, gov•man¢• and manag•m•nt . ConStituOn The Wadenhoo Tru81 18 reglslered 88 a charftabK8 o)mpany Ilmw by guar8nlg8 and was set up by Mgmorandum of As$oc4atlon. b. M•thod• ol appolntm•nt or •etIon of Trust••s Th6 Trustee8 who dudng th& yearwara: AC Holson JRGant BRDunn SMHall F M Lalng DRWobb C A Earf-8pp(Mntod 24 JtJty2023 The Wad&nhce Trust Artldes of Assoualion folkyN nnt ManCe best pradce that is endorsed by Companles House. When new tnjstees are appjinted. they are given an ¢)veM8w ofth8 Tnjst and an llIne ol b)th it8 oporational and finan(xal activit. New Irnstees are Select in order to 98in bonèfii from Iheir sknlls and gXP8rient¥, to comM81 th8 8$bAg tnJst6&s. and to Ffovide succession. Paga 4
THE WAOENHOE TRUST (Acompany Llmlted by Gu•rant••) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 structure, g0voman and mpnaggmgnl Icontinuod) The day to day responsibilities of running the Twst are d8leg8led to tha Tru$l m8nag&r who reports to the ¢h81man on a regular basis in th& inlorim period tween tfuslee meetings. By 8gr88mènt wlth th8 trust868 eome sp8¢lf4¢ IAsks Aré dOalad to oth8r profess1calS. Plan• lor futur• p•rtod¥ To con11n wllh plann8d r•novallons to charlty propety 8nd ¥jertake rnalntonBnco a$ roqulred. Mem1. Ilablllty The Membars of the Charty gu8rnntee to o)ntrttyJte an amount not 8xceodlrwJ £110 the 8889ts of Ihg Charfty In the event of wlnding UP. Dl•¢losur• ol Infornmtlon to •udltOT• Each of the persons WI are Trustees al th8 tJm8 when th15 Twst868' Report Is approvad has nflrned that.. 80 far a5 th81 Trusto? aware, Ihertt h no r¢knnt audit inf¢yrnafton ol which the chadtrfB audltors ar unaware, and thai Tfu$i8e nas tak 1 tna aps that ougnt to n8 bg8n taken a¥ a Truslee In K) yw4r¥ vf 8ny relavant audit informallon ond to &st&blish that th& charitys auditors aro awar& tsf ¢h81 Inlomialion. Audltor• The 8udllor8, Stwts Audlt LLP. hava Indlcatad th8* vhIllThJrS to ClInu In offl¢o. Thg d&81gnthd Trust808 wlll prt)P088 a motion roappolntin9 th& wditors at a m091btvJ of the Trustee8. Ap pd by ordor of th¢ rngmbors ol tho board of Trustees and sMJn8d on thelr behaLf ty. ITru51ee} Date: 22 July 2024 Page 5
THE WADENHOE TRUST IA Company Umlted by Guarantwl STATEMENT OF TRUSTEES. RESPONS181LITIES FOR THE YEAR ENOED 31 DECEMBER 2023 The Tnjstees l%tho are olso the directors of the Charity for the purposes of company lawl are r8spon8iblè for preparfng th$ Trusta&s' Report and the financial statements in ardanc8 wKth appli¢ablo law and Unlted Klngdom Ac¢ounUng SlandBrds (United lQngdorn GenerlYAccePted Accounting Practice). Company law requlras the Trustsas lo prepare finandal slalem•nts for each finand81 r. Undor cornpany law. the TruBl8es must not approve the fjnancAal 8tatemonts unl&ss they ar8 satisffied that th&y givg a tnje and fmlr vl6w of the 8tsle of affalr8 Ot tho Chaf6ty and of Ms Incomlng ro$ouS and appllcalion of SoUrc8. Indudlng Its InMe and eyp8ndl[e, lor that perlod. In weparfng Ihese 11nanclal $t8t8ments, tho TNsl868 are requirod to.. 18ct sullAble attounliryJ and thon appty them con&8tenty. ob8ervg tho methods and prIncIpS of the Charlttos SORP IFRS 1021.. make ludgm6nts and accoUnn9 that are reJsonabl8 arKI prudant.. $tala whother appItab UK Acwunling Stand8rds {FRS 1021 hovè be¢n followed, Subject lo any material departure8 désc1058d and explalned In th6 finanraal slatem8nts', pr8paro the ffnanc4al 8talemonts ly) th& golng ncern bas1$ unlo881116 Ingpproprfats to pr88ume that tho Charity will continue in bu8lno$8. The Tru8te8s aft rè8ponslbl& for kgoplng 8d8quate 8cu)urfng re¢wd8 thal ore suffldenl lo ghow and &xploln tha Charltls transactlons and dlsck)sg wllh wasonable aCracY 818ny limè th8 flnandal po8rtlon ol tho Ch8rrty an¢J enabl8 th•m to ensure that tho flnandal $tatem8nts comply vlth thè Compan1 A¢t 2006. They are also responslble for 9819guardlng the assots of the Charfty and h8nc• for taklng reason8bl& St• for tho prevonllon nd detection of gnd othar IrregularhSe5. Approvfjd by wder of the members ol the board ofTNslees and signed on b8haW by. SMHall ITrusteel Dats.. 22 July 2024 Pago 6
THE WADENHOE TRUST IA Company Llmlted by Gu3rnrrt••l INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF THE WADENHOE TRUST Oplnlon We have audSted the finan 8tatem6nts of Th& Wadanho8 Trust (th& 'Larftyl for the yo8r anded 31 Dmber 2023 whlch compris8 the Stalemenl of Finandal A¢veS, the Balance Sheet, the Slatoment of Cash Flows end tho r•lat•d notes, indudw a Summary of significant 8¢o)unting po11&8s. Th8 flnancial reporting framework that has b88rn applied in th&ir preparnbon is applicable law and Unilod Kingdom Accounting Stsndards, indudiThJ Financtal Reporllng Slanda 102 'The Financial R8POrting St8ndard appllcablo in the UK and Republic of Ireland, Iunlted ngdorn GonrAIty Acc£pled Accounts'ng Prncticel. In our opjnlon the financial 8tslemonts'. give a Inje Bnd falr vlow of the State of thè cwttable compan8 affalr8 as at 31 Docombgr 2023 and of Ils Incomlng rosourca8 and applIon of fo80u, Indudlng Ils Incom8 and oxwndllura lor the ar then ended., hav8 been properfy prepar•d In o¢cordanc• Uniied lQngdom Gonorally Acc8pt8d Accounllng Pradlce,. and hèvo prepared In •c¢oYdgnce llh the rtgufjremts of tho Compani¢$ Ad 2006, 8a•l• for oplnlon Wè condu¢ted our audll In &crdanC8 wth Intomallml Slandards on ALKIIUn9 IUKI IISAS IUKII ond appllcablg law. Our re8ponslblllllès unijer thosg stsndards are fvrther descdb8d In Ihè Au4ltors' r98pon61bllill8s for the outjll of th8 flnancJAI statoments sectlon of our rgport. Wg are indepondenl of th8 charftsble company in acc£Jrd8nco WI1 Ui¥ tU111 1¥4uli¥iiiwti¥ Uwl ¥1¥ r¥knv4111 to tyjr audil of the finanGlal stsiements th• Vnittsd KlnEdom, Includlng the Flnanclal Reporung Coundl'8 Ethi¢al Standard, and we have fvifilled our other ethlcal responsibllllles in BccA)rdance vlth th&8e requirements. Wo bell8v& that Ihe audit evid8nce we h8ve obtalnad Is sufficlgnl ond oppYoprf819 to provlde a basi5 for our opinion. Conclu•kn• r•latlno to golnq concern In autjlung the flnanclal statements. have uJndude(I th8t tha Tru8te88' of the Lwjlng conc8m bA818 of acu)unUng In the preparabon of lh8 finandal stateIts is apkyoprfate. 88$8d on the work wè h8Vo pèrfom)ed. have not Identslled arry material un¢rtalntlgs relating lo èvent8 or conditions that, IndiduallY ¢r c01thbvy. moy cast signrficant doubl on the tharlt8b59 companls abilty to continue as a golng concern for a period of at bast iwelve months frorn wh8n the financial 8t8t&menls are OUtS8d for issuo. Our re$pMsibiliti&s and the reswnsiblMi86 of thè Trustoas yth r8s* to gng concem are d88Crit)9d In the relevant sections of Ihis rert. Pag6 7
THE WADENHOE TRUST {A Company Llmlted by Guarant) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE WADENHOE TRUST ICONTINUEDI Oth•r Inforniatlon The Other Ir)fornalon comprfBeB th8 Infornn InchHled kn Ihg Annu81 Report other thon the ffinandal statèments and OLsr Auditor8. Report Ihereon. The Trusle8s are r8SFwslbb for thg 0th9r Snfomiatlon contaln8d wllhln the AF)nual Report. Our opiniw on th¢ finanaal stalamenis do85 not COV8r th8 other InformaOn and. except lo Ihe ext9nl otherwlse explW 8tated in our r8porL we do not express any form of a88urarnct conclusion Ihereon. Our responsibilty is to read the othgr Information and, in doing so, consider whether the other infomialion is materially inconsistent with ihe fwncl81 ststem¢nts Or our krK)wledg& obtalned In the course of the audll, or Oth&se appears lo b8 Matèrial misstated. If we Kleftlify 8u¢h material incon819lencias or apparènt mAtetlal mlsslatem&ni8, we hr6 requlred to d8lemine whèther th18 glv$s 10 8 matarlal mis818tèm8nl In th8 finarbcial 8talemonl$ Ihemsofves. 11. based on th8 WO h8v8 performgd, wo condud& that Iherels a material mis8taleTllenl of IhlB other Infomialion. aro requ1r to report that fact. Wè havo nothlng to rewt In th18 regard. Oplnlon on t)th•r mAtt•rn pMKrlb•d by th• Compan¥ Aet 2006 In our oplnlon, ba ¢)n the work undertakn In ts o)urse of tho wthtr. thè Infomation 9fv In the TN8teo8' Rew1 for ts Itnandal year for the flnandal stalèmonts are prepared 1$ conslstent Mth ¢h& finaft¢wl statemants. tha Trust8os' Report has b8an pmparad In acCAYdan wlth 8ppllcabKry18gal r8qulrem8nl8. M•tt•v• on whlgh w• •r• r•4ulr•d to r•port by •XG•PtSon In tha light of our knowledge and undersiandlrrfJ of the ch8rilabk ¢omp8ny and its anvlrCM8nI obtalned In the ursg ofthg 8udSl. wa hava not klantSflgd molerfal misststements In the TFU8teas' RoporL Wo h8v8 nothing to report in respect of tha foFbwng m8tler8 In retslon to whith Compgnles Act 2008 r8qulr88 us lo report to you W. In our 0[0.. adequats accounllNJ recg)rds have not been kopt, r8tum8 adequate for our audit have not bean recèlvod from bran¢hg$ not W8itod by u8., or ty)e fin8nu81 $ts1om$nl$ aw not in agreement wlth th& occounting records and relum8', or certain di$¢losur•s of Trust88s' remunoration specified by lthv are not made., or we hav& not rfvd all th8 1nfonr8b.on and 8xplanaOnS we require for our aud¢i,' or thè Tmstees were not entltled to prap8re the financaal statements In 8c¢ordan¢e vlih thg gm811 companles reglme and take advantage of Ihe sfflall companles. exemption$ In prgparfng Trust•68' Rsprxi and from the wulrement to prepare a StralegK Repo Page 8
THE WADEPIHOE TRUST IA Company Llmlt•d by Guarant••) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE WADENHOE TRUST (CONTINUED) Rospon8lblllU•$ of tru$t••8 A8 expl8lne(J mor¥ fulty In the Tru81888' ResponsltAIll(e8 Ststsrnonl, tho Tru8toes I0 aro 8150 thg dlro¢tor8 01 the charitable ¢omp8ny for the purposes of company lawl are re5pon5iblg for th& preparation of fin8nclal statement8 and for belng satisfied thal they give a Lrue and lair vi8w, and for such intemal control 88 th8 Tru$lees detemiine is necess8ry to 6nable thtr proparation of financial stolements th81 arn free from material m155ts1gm•nL whetherdve to fraud error. In preparing tho financlal stslenents. the Trust8as arè rèsponslble for a8888ng the Charftable companvs sbllity lo uJnlSnu8 as a going o)n¢em, di5do8lro. as appll¢abl6, matt9 relatad lo going con¢8rn and u8ing tr9 golng con¢om basis of accountlng unkgss the Trusle8s eilher Intend lo liqukl8t8 the charltabl8 company or lo ¢08Be oTaIlon8, or hava no raa5L811c altemallve tjul to do ao. Pago 9
THE WADENHOE TRUST IA Company Umtted by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE WADENHOE TRUST ICONTINUEDI Audllors. ro$pon$lbllltl¢$ for audlt of tho finandal •t•t•m•nts Our obledves aro to obtaln reasonabk8 88sur8 about whethw tho 1(nanc4al $t8temonts as a ¥thIe are fre8 from material m5s$tatem¢nl. whsth•r due lo fraud or eryor. and to i85u8 an Auditors. R8pL that includes our oplnion. Re85on8blg as5ur8ncg Is a hlgh level of assurance, bul Is not a guarantee that an auall wnducled in accordance th ISAS IUKI will d8ted a moterial misstal•m8nt when il axists. Misslalemenls e8n Arise from freud or error and ore c(JnshYered rnatg1i81 il. iMINidu8lly or In th& aggragat•, they could rea80nably L eXP8Otad to Influ8nca thè aeonomlc decisions ol US tsk¢n on tho ba818 of thosa fln8ncial $(alament8. lThagulariti8s, indudlng fraud, are In8tancos of non>M[l3ne8 w4th IAw$ 8nd rogulallons. We doslgn pro¢edurgs In linè wllh our re8ponsltslibe8, Outlned above. to doled m818rtèl mlsstat8ments in r8sp8cl of Irr6gulArfti&s, Induding IMLKI. Th& extent lo wttedurè8 aro Capab ol detg¢ting IrrogularitloB, Includlng fraud Is d&tslled bd¢)w. Our approach to Ide1ng and as88681ng tho rt8k8 of matedal mlsslatsment In r&spg¢t of Irrggularftlgs, Includlng fraud aThJ non-comlara wrth law8 #nd reguktion$. w8$ a8 flrt.. the engagemgnl partner ensur Ihat the engagem8nt tearn colkntively had the 8pproprlal¢ cx)rnpelence, capablllti88 ènd skills lo idgnbfy or recow180 n40MlanCa wlth appllcable IBw8 and regulatlons., we Identsfled the Lqws and regULgtiC Jppllc8blo 10 the charity through dls¢u8810r¢g wlth Trustee8 and other mAnagemont, and from our commerdal knOWge 8WKI experience of Ihg charfty And seGlor in which it opor8le$' we fOSed on 8pethc18ws 8nd r8guLqllon¥ whkh we o)n81d8rod may hav8 a dlr8ct mal8rf81 afft on the financi818talernents or tha op8ratlons of the charftsb18 cornpany, including ihe Companb$ A¢t 2006. Charl.86 Act 2011, tsxatth gIslIk$n, ¢Jala protacts'on. onOnMatal and health and safely lgglslallon., w& assesssd th8 &Xt•nt of compMarKe wlth the laws and regu18tion9 Iderffiod aLwve through m&kJng ¥rwuiri88 of mBn8gemont and review of legal fees.. and Idonllflwj laws and regul8lion$ wor8 communlcaled within the audit team regularty and lh& tegm rnaineé alert lo instsnces of non-compliance thToughoul the audlL W¢ as88ssed the 8VSC8pllblllty of ihe charfivs flnanoal siaternents to matèrial mi88ts1emonl, Including obt8inlng an understandlng ol how fraud migm owjr, by.. maklng enqu188 of managemonl as to where thoy o)nsKlwgd thgre w9$ 8U8c8pUblllty to traud, their knowledge of actual, suspected and alleged traud,. and con$idgfln9 tt)8 inlemal controls In place to Mgate risks of fraud and non•ts)mF4lanco ¥¥lth laws and regulations. To eddress the risk ol fraud through managefflenl bias aTYJ oveje of wntrvls, w8". perfomed analytical procedures to id&ntbfy any unusual or unexpected relatiDn8hips'. tesledjournal entries to entify unusual transactions: assessed whelherjudgements and assumptions mJ¢ In dglgmiinlng lh¢ a¢XoUnng ostimates set out In Note 3 were Indiealive of poienUal bk?s.' and Invè81igaled the rtsonale ihind signmcant or unusual transaclions. In mspons& lo rfsk of Irregularities and non<ompIlan wlth18WS and regulation$. wè deslgned proceduros whlch Included, but worè not Ilmfted to.. agredng flnaTrclal Statement disck)sures to underfyiro suppjriing dwjmentation.. readlThJ the mlnutes of meet'ngs of th059 th8rgÉd wlth gov&man(,' enqulrlng of m8naggm6nt as to actual and polential Ithgati and dalms,. and revwing wrresFyxKlence wfth HMRC. rOkant regulators and the charity's W advis¢Ns. Page 10
THE WADENHOE TRUST {A Company Umltsd by Guarants•l INDEPENDENT AuDoR8. REPORT TO THE MEMBERS OF ThE WADENHOE TRUST ICONTINUED) Because of the inherent limitstions of Bn audil. there Is 8 risk that we wll not delect all irregularitiès. Indudl thos& leading lo a material mlsststement In the finan(aal stst8mbnLq or non-compliance with regulallon. Thbs incra8S&S the more that compllance with a law or regul8Uon 18 removad from the events and transactiOnB r8fle¢t9d In the linancial stalementg. as w6 wll bo W likely to bocomè ol inGlanc•s of non-compliance. The rlsk 18 also gr8819r r8g8rdirbg Irr8gul8ritlgS o(xuning du8 lo fraud rather than error. as involvas Intontlonal concealment, frJrg8ry, collu8(on, omwion or ml8reprewtatioTh. A fvrther de8crfptlon tsf tsur respon51tAlllle8 for thè 8Ill of th8 finandal stateThnls1s Icrated on Ihe Fln8ndal Reporting Councll's webslte aL' dil ilities. This descripyon form8 part of our Auditors, Report. U•• of our r•port Thls roport 18 mode 8016ty to the charilable companl8 Memr¥. 88 o b)Jy. In a(xordance wNh Ch8PteT 3 of Part 18 01 thg compani Act 2006. Our audit work haB been und•rtaken so that wa might stale to the charttab companls mambers tho89 mattors w8 ar• roquired to 818t• to them in an Auditor8, Raport and for no other purposo. To the lullo$1 exleni p6milttÈd bylaw. wg do not 8cc8pt or assum• rasponsilItY to anyona othgr Ih8n the ¢h8rltstrA6 ¢ompany and its m6mbots. as a body. our A11 work, for thls roporL or for the oplnlon8 wg hovg foTmed. Rob•rt Andor•on 88c FCA IS•nlor Statutory Audltorl for and on behalf ol Strn•ts Audll LLP 38 Tyndall Court Comrnerce Road Lynch Wood Peterbogh PE2 6LR Data: 13 Septemb8r 2024 Pag& 11
THE WADENHOE TRUST IA Company UM1t by Guarant> STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023 Unrn•trl¢t•d Endowrnent fvnds funds 2023 2023 Totsl fund 2023 Tol81 funds 2022 Not• Incomo and endowmgnt• from: Ch8rilabl8 ath¥08 Inv8slments Olhor income 291276 9,322 1&619 292.276 9.322 16,619 298.166 5.092 9.590 Total InGom• and •ndowm•nt• 318,217 318.217 313, 148 Expandllur• on: Choritoty1& edvW88 264,558 300,858 322.012 Total •xp•ndltur• 264,558 36.300 300.858 322,012 N•t In¢0m1•Ynd1lU1O) Tr8n8lar8 b9tsvogn knnd$ 53,659 183,332 136.3001 1183,3321 17.359 f8,8S4J 14 N•t mnvAmftnt Sn fvndA 23$,1 1219.6J2) 17.359 f8.864) R•eonclllatlon of fund8: Total fvnds brought forw&rd Net movenwnt In funds 1.355,162 236.991 3,743,147 1219,8321 5,098,309 17,359 5.107, 173 f8,864) Total fund# rTI•d forward 1,592,153 3,523,515 5,115,668 5,098,3Q9 The Stst8mant of Flnandal Actr&S Inckxl&s all gains a1 losses r•cognlsod In the y88f. Tho note8 on pag•8 15 to 25 fomi part of these fAwndal slatements. Pag8 12
THE WADENHOE TRUST {ACompany Llmltod by Guaranto•) REGISTERED NUMBER: 14090642 BAIANCE SHE AS AT 31 DECEMBER 2023 2023 2022 Flxod al Tanglbl8 8SSOts 11 4.194.966 4.058,936 4.194.966 4,058,936 Curr•nt a8*•1• Debtors Cash at bank and In hand 12 34,783 909.181 32.101 1,043,551 1,075,712 Cr8ditors'. amounts fallng due wthkn tsna y98r 13 (23,262 (36,339J N•t curr•nt •i••t• 920.702 1,039,373 Totsl a•••ts l•#i curr•nt Ilabllltl•8 5.115.668 5,098.309 N•t a88•t8 èx¢iuding P•Mlon a•••l 5,115,668 5,098,309 Total net •¥J•t• 5,115.668 5,098,309 Page 13
THE WADEPIHOE TRUST IA Company Umlted by Guarantee) REGISTERED NUMBER: 14090fA2 BALANCE SHEET {CONTINUEDI AS AT 31 DECEMBER 2023 2023 2022 Ch8rlty fundB Endowment fund$ R08trfct8d fvnds Unrestrld8d lund8 14 14 14 3.523.515 3,743,147 1,592,153 1,355,162 Total funda 5,115.668 5,098,309 Th8 Tru8t8eB acknowledge th8lr responsi1litIeS lor u)mplwng vhth the requir&mont8 of the Act wAh re8p8cI to accourfing ro¢or¢Js and preparatlon of finanaal 8tat8fflents. The flnan¢lal slalements have baon prgpargd In grdanc• wlh tha prov181cTh appllcgblg to fjntlu $ubl8¢t io the small ¢ompani8s r8olm6. Thg flnanclgl slatsmnts wor• aw)rovod arKS auty1¢d for h8¢Je by Ihe TrLTStee8 and 8lgnod on th6Sr behalf by.. ITrust881 Date: 22 July 2024 Thg r)otas on pa9 15 to 2$ fom part oflhose flnandal &talamonts. Page 14
THE WADENHOE TRUST IA Company Llmlted by Guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 G•n•ral Inlomiatlon Tho W&dh0$ Trust is a charttaa company 6slablished by a memorandum 8nd artides of a9sociatlon as sel out In Ihe Twst88'5 R8POrt. Th• Charity is mano98d by P A Goldsmith th& rogl8tor¥d offlc8 Is Goldsmith8, The Auction Cgntro. E881wo(xl Ro&l. Oundle. P¢terborough, PEB 4DF. A¢¢ountlng pollclo• 2.1 Ba•1$ of pr•paratit)n of Ilnanelal •tatsmonts The finan¢lal ststemenls have b9en prepwed In 8¢¢0rdgnc8 vAth the Charthe$ SORP IFRS 1021- ACCOUnng and Reporting by Clwltigs.. St81gmenl ol Reu>mm&ndad Practic8 appll¢abl& Ic ¢hari1198 prepartng their accounts In accordance the Finan¢i81 Reportlng Standard applicable in the UK and Republi¢ ol Ireland IFRS 1021 leff8cUve 1 January 20191, lh8 Flnandal Repng Standard appllcable In tho UK and R8publSc of Irglgnd IFRS 1021 and tho Companies A¢1 2006. The Wad8nho8 Trust meets the defftnltk)n of 8 publlc bOnt ondty under FRS 102. Ass818 8nd IlabiliU8s aro Inttlally recogn18ed at h15tC81 cost or tran3acts( Val unl686 0th8rvA8è Slated lrn th relovont acojundno polGy. 2.2 M•rgor m¢¢ounllng The Wadenhoa Trust, a charM8bl8 ¢omp8ny. was Sncorporal8d on 06 May 2022 and is govorned by 8 mèmorandum and artkles of assodailon. In the [(1 endpA 31 D&cmbor 2022, thg charllablè company was dormant. On 01 January 2023, all Operaon8, a898ts and li8bllrtie8 of Th8 Wadanhoo Trust, An unlno)rporaled dladty {reglstergd numbar 282013). transf8rrgd to tha tharttablB company. In Ilne wth the CharilltrB SORP, wheT8 m&rg8r accounung appllgs. those firnanclal $l&temènts pre80nt ¢hg Bggregale r&8ults of the charftles. The cornparab.ve figures for the ygar ered 31 D&c&mber 2022 indud8 Ihg r9sulls of thg pr8vkws uninLworated ¢h8rity only. The charitab company WdS dorm8Tr1 in Ihis perK)d. The r8su115 for thè ar &nded 31 Decembtrr 2023 ro18ts tr) th8 new charrtable company only. The unincorporated Tru81 1$ In th8 process of beir¥J wound up lollowlng Ihe transfer of all of Its op8rathJns. assets and Ilabililles. 2a Incomg All Sncoma Is recognised once th8 Chanty has entidernenl to th6 Income. it is probable that th8 In¢Mi& wtll ba r8colvJ and the amount of Income recelvable can be measurod rollably. Income from pmperty management15 recognls&Y in the Stslement of FinanGlal Activilles on an 8¢cwals basis. AJI olher Income is recognlsed In the Statement of Finandal Aellvities when th condlts'or18 for rgcwpt hav& b8•n mèt and th•r• is r•asonable assurance of re¢eipL Income tax recoverable in relalJn to investment in(¥me 18 recogni$8d 91 the time the investment Income Is rl¥able. Other income is r8coJnls in tho in ¥¥hith il is re¥8e and to the extent the g(Kx15 hav6 been provided or on complelion ofthe seNce. Paga 15
THE WADENHOE TRUST (A Company Llmlt•d by Guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 Aceountlng pollcles (contlnu•dl 2.4 Exp•ndltur• Experrture is Tecwnised onc8 there 18 a bJal or c(mslpJctlve oblkdatoon lo transfar 8conomio benefit to a third patty. it is probable that a transfor of economic benefits will be rgquired in sattl•ment 8nd tho amwnt of the obllg8lh)n ¢8n b8 measured reliably. Expenditure is cbssified by 8Ctlvlty. Thé ¢osts of è8ch 8cbvity are rn8de up of the total ol direct $ts and shared costs, Ircludlng Support costs Invofved In undertaking each activlty. DIr co8ts attrlbutable to a single 8cINity are alh)caled dlrectty to that acJvty. Shared o)sts whi¢h ¢(ffttrfIt0 to more than one activity and support costs tch arn not attribu1ab to a s1rn9 8Ctwlty are apporti[¥d b¥twg8n thos& 8ctNitio$ on o ba$18 ¢onsist&nt I1h the u80 of rnsourc08. Cerrtral staff cost8 are all¢xal8d on the ba$1$ of Ume $ponl. Qnd dgpreoation Chorges allocatsd on the porbon of the 8B8oV8 U88. Expendllure on charftabl8 athvlti8818 InDJTred on dlrecty und8rtaking th• activftl¥$ whkh furthar tho CharlV& objacuvgs. as w811 any a8swat8d Support costs. AJI 9xpendllure lo InduslY• of reo)vwabb VAT. 2.5 Int?r••t r•c•lvable Inleresl on funds ld on d&posli Is Ind10d rgcofvat4& and the amount can be m&a8ured rellably by tho Chaiity, thls Is norm81ty Up Th)tlfi¢Ation of thè Intar•8t patd or payable by tha 1n8fj1u0n wlth whom funds ar& d6p03118d. 2.6 Tanglbl• flx•d u•t• and d•pr•¢latlon TaTrglble Ibxed assets co8tsrBJ £500 or more are capitglis•d and reccgn18ed vrtlgn luturg oconomlc b8nefits are proba9 and the ¢))st or valug ofthg gsset Can b& rnea5ured reliabty. Tgngible fix 888•¢8 arn inttblty racognlsed al cogt. After recognltion. under the cost model, tangibla fixod assets are measured al cost less accumulated dopred8tion ond any accumulated impalrment losses. costs injrred to brfro a tangibltr flxèd 88sel into Its inl¢ndod worklng condltlon should ba includ8d Sn th8 m&asuwnonl of $t. Land and buSldlng8 transferred lo the chwlty by Dee•J of Grfl ate shown at th• voluatbon at the dote of transfer. All oth8r addMons are sh at &)sL Thg Home Fam Prolect Is tho ¢onvgr8h)n of the fam yard Into buslness unlis. Depreciatlon is charged so as lo allocale the cosl of tangib19 fix¥d as8915108s their rIdUal valuo over their gstim8ted usèlul Irv85. usi[ thg stsawJht4ine meuwd. D8pre¢lalkJn is provhfjed on Ihe Idlwng bases: Fraehold property Hom$ F8m Proie¢t Ing's Head lrnprovements Infastrtscbjm - o- 3.33% on (x)sl peranum - 2% on o)st per anum 10 % on cost per anum 1- 3.33% on (x)sl per 8num Gains and bs5es on disposa15 are detemined by o)mparfng th8 proceeds wlth th8 ¢arWng amount and are recognised in the Siatement of Financial AcUvtU8s. Page 16
THE YIADENHOE TRUST IA Company Umlted by Guarnnt••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ountlng polldo8 Iconllnued) 2.7 D•btorn Trade and other d8blors are recognlse(1 8t the sstUem8nt amount after any lrndo di8counl cffered. Prepayments 8ré v8lugd al Ihe amount prepavj net of any trade discounts du6. 2.8 C•$h •t bank •nd In hand Cash at bank and in hand Indudos tsh Sht4•mI hhly Ilqukl Inv88lments 8 8hort malurfty of thr88 month8 ¢x 1888 from th• dato of wu181Ucffi N openirvJ of Ihe depoBIt OT slmllar account. 2.9 Ll•bllltlo• and provllo Liabllitie6 are recognis8d when Ihgre 18 8n obligation al the Balance Sheet dato as a r8suIt of a p8$1 vant. It 1$ probable that a transfer of eiyjnomic benefit will be raqulred ITh 8etllem8nt. and tha amounl ollho sotuemènt can bo ostimated r8lLqbly. Llabllftie8 are recognised ol thè amount Ihat th¢ Chaty ?nticip8t¢s11 w611 p8y lo settlè tho debt or tho arnwnl11 hag recelvad as gdvan¢&d pants fof th& W$ or ¢?311 must provkle. Provlslons ara me88urèd al th8 b8St e5tirn818 ol thé amwnts requlred to settle th8 obllgatlon. Wh8ro the offe(# of the 11rn8 valu• of mon8y18 malarial. tho pwovlslon18 ba89¢ on the p89n1 v¥lue of thos •IiiLJllta, (1111¥ al yitridx 1¥111 ral¥ Uial I[. Uiv rl¥K¥ bV¥Lafi¢ (u It Ik¥blllly. Tli• unwlndlng of the discount Is Teco3nbsed In th8 Slat8m8nl ol Flnanclal A¢tivitle$ as a fiar 81. 2.10 Fund ac¢ountlng General funds arts unrgstrtcted fund5 which a aVaIlab for u8e at the dlscfatlon of tha Tru$lo8$ In fvrth8r8n¢e ol the general objecllves of the Charfly and which have Th)t bgen d8slgnat9d for other purpo8es. Invb¥nt Income, galns and losse8 awe alhxated to the appropriale fijnd. Crlllcal accountlng ostlmatM and are of judgmènt Estlmatss and judgments are conllnually evaluated and ar8 basad on hIst¢81 ¢xperlgn¢g and other f8Ctors, Including expectations of fubJr• eVts that ora b•l69vod lo b& m8onable under the rtrJff*tarB. gccounling estirnates aThJ assurnptions: The Charity mokes estimat&s and assurytions GrmIng the future. The resulting aco)unllng estlmatss and BssumplKsns will, by definibon. seklorn equal the Telated aclual results. The estimates and assuwnplions that have a snifican[ risk of causing a material adlustment lo carrying amounts of 8ssets and liabiliti'es within thè naxl finand81 ars disciJsBed bèlow. Tangiblg fixgd a$8el$ are rècognised at caist or valuation, less accumulated depreCIaOn and Any irnpairrnenl. Depredation takes place over thg gstimatsd useful life. down to the assessed residual value, The carryirvJ aMOnt of Ihg tangiblg fixed assets is fe8led as soon as changed conditions show that o neeil fr>r impairmorrt has arisen. Pag8 17
THE WADENHOE TRUST (A Company Llmlted by Guarnnte•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Incom• from ¢horlt•blo g¢tlvlU•• Unr•strlcted nds 2023 Total nds 2023 Total funds 2022 Pres8rvatbon of charilable prop* 292,276 292.276 298, 166 Tot&1 2022 298.166 298, 166 Inv••tm•nt Sncom• Unmtslet•d funds 2023 Totsl funds 2023 Total funds 2022 Intwest recelvabS 9,322 9,322 5,Q92 Total 2022 5.092 5,092 Oth•r Incomlng re$our¢•i Unr••lrtct•d fvnd$ 2Q23 Total lunds 202J Totsl funds 2022 Utllill¢$ charye incomg 16.619 16,619 9,89Q Tol812022 9.890 9,890 Page 18
THE WADENHOE TRUST (A Company Ummgd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 An•ly$ls ol gypgndllure on charltsble •¢tl¥l Summary by fund typo Unro$tri¢t•d Endowment funds funds 2023 2023 Totsl 2023 Tol 2022 Preservation of charitoble propety 264.558 36.300 300,858 322,012 Total 2022 322,012 322,012 Analy•l• ol •xp•ndltur• by actlvltl•• undortak•n d11•lY 2023 Support costs 2023 Total fund• 2023 Total fvnd8 2Q22 Pro88Nallon ol charltablg proFoty 286.647 14,211 300,658 322,012 Totsl 2022 308.391 13,621 322,012 Paga 19
THE WADENHOE TRUST {A Company Llmlted by Guarnnteg} NOTES TO THE FINANCiAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analys1$ ol •wndltUT• by acifvlllos Icontlnuod) AnJtys1¥ of dlrKt cost8 Total funds 2023 Total funds 2022 Insurar Property repdrB and malntgngnco Tw$ and hedges Profe8slonal fo88 UtIISUe$, servl¢e8 and rat88 Managemonl f6es Sundry gxpon898 and Irrecoverable VAT Bank Irrterest And chgrgo8 Bad debts Depre¢l8lon arKI ImpalTff*nt 30,028 121913 132 28,453 22.384 27.034 27,166 127,978 18,490 32,565 31,948 31,901 395 {141J 38,089 3n 23B 47.606 280.047 Artalysll ¢f 4upport costs Total funds 2023 Tol&l fvnds 2022 Governance costs- Audit 8c¢ountw f Governance costs- TNst668' megtinu ¢0818 13,885 13,4QO 221 14,211 13,621 Paga 20
THE WADENHOE TRUST {A Company Llmltad by Guarnnt8•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Audlters. remuneratlon Th8 8udltors' r8mun8ralon 8mounts lo an audthr fe8 01 £4,{ (2022- £3,750). 8nd f895 In conngcdon hth quarterfy managwnenl attounts and specialisl VAT thicA of £8.80012022- £9,825). 10. TnMt•e•' remuneratlon and •xp•n8•S Durlng Iha year. no Twsteo$ recefved Any rwnunoration or othor beneflts f2022- £NIL). Durlng th8 year ended 31 December 2023, expenses totalling r346 were reimburs8d or paid directty to 2 Truslaos (2022- £221 to l Tmslg9). Expon80s roimburned rg19ts lo $ub$Sslanco and tra1 costs incuu8d by TnJ8t•as. DurtryJ tho year, wh&re aw)ropdat8. Tnth88 pdd sowago serv fo88 In Iln8 vlth othor r981d8nls. Tru81008' Ind8mnlty in8ur8nc• cosllng £73912022- £672} w88 P81d by lh& Chartty durfng ygar. 11. Tanglbl• flx•d M••t• Fmhold land pnd Homo Fami bulldlng• projqct Klng's Head Improve- mgnt• Inf¥tru¢turo Tot1 Cost or valuatlon At l January2023 AdJillons 3.361M68 183A27 281.519 221,317 633,072 209 4,497,776 183,636 At 31 December 2023 3.545.295 281.519 221,317 833,281 4.681,412 D•preclatlon At 1 January 2023 Charge for the year 16.916 26.217 165,492 5,631 177,117 6.425 79,315 9.333 438,840 47,606 Al 31 December 2023 43.133 171,123 183.542 88.648 486.446 N•t book valu• At 31 Decembw 2023 3.502,162 110,391 37.775 544.633 4,194.966 At 31 Decombor 2022 3,344,952 116,027 44,2CK) 553,757 4,058,936 Page 21
IHE WADENHOE TRUST IA Company Llmlted by Guaranteè) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 12. Dèbtors 2023 2022 Duo wlthln one y•thr Tfade debtors Other debtors Prepaymen15 and accwod Incom$ Tax re¢over8blg 2,581 10,255 11,565 10.382 3. 192 19,736 9.092 141 34,783 32, 761 13. Cr•dltor*: ¥lJnount• f•lllng due wlthln y•ar 2023 2022 Tr&ae ttedllors Oth8r cradltors A¢¢ru818 and d&feod In¢omo 1,007 7,905 14,350 3.17J 17,281 15.888 23,262 36,339 Credltors Indude deferred Income of £771 {2022: £NIII relatlng lo land ronts received In advance. Pago 22
ThE WADENHOE TRUST (A Company Umlted by Guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 1& Statoment of funds stat•m#nt oftund¥- curront yw 8alanco at 31 D袕mb•r 2023 Balanc• al 1 January 2023 Tr•n¥fern Inlout In¢omo Exp•ndlturn Unr&strlct•d fund• Gener81 Fund 1,355,102 318217 1264,5S81 183 J32 1,592.153 Endowm•nt lund Expendable ErKlowm8 Funds 3,743.147 136,300} (183,332) 3,523,515 Totsl oflund• 5.098.309 318.217 1300,858) 5.115,8e8 Thè endt)wmenl fund compriseg land transferred to the Charity by the ortglnal 8eltlors of the unlncorporaled chBrfty. Thè W8denhoe Trust. From Ume to b'me. dl$posfil$ are mado a8 permltted under thtr Trust degd. The Truslees have fvll discretion on how to vti1Sse any Fwceeds of sale in furtherance of the charitys ob19ct•5. Incomè arislng on th8 &ndowrn8nt funds ean b& usod In ac¢ordan¢& wllh tho oblectlves of th& Ch8rity ondlg includad wllhln unr&strfct Incoma. 8ts1om•nt ollund4 - prlor y•r Bance at 31 December 2t122 88lanc¢ at 1 January 2022 InGome Expendltur6 Unr•strlctod fund• Ganaral Funds 1.364.026 3f3,148 (322,0121 1,355. IS2 Endowmènt fund# Expendable Endchymenl Funds 3.743.147 3,743.147 Totsl ol funds 5,107.1T3 313, 148 {322,Q12) 5,098,309 Pag8 23
THE WADENHOE TRUST IA Company Umhod by Guarantgel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15. Summary of funds Summary of funds- current year Balance at 31 Do¢•mbor 2023 Balance at 1 January 2023 Trnn$f•r¥ IQUI In¢om• EXnltur& General ful5 Endowmgnl fund8 1.355,182 3.743.147 318.217 1264,5581 183,332 1,592,153 138.31>01 {183.332} 3,S23,515 5,098,309 318217 1300,8581 5.115,668 Summary oflund¥- prfor ye4r Balance al 31 Decemb&r 2022 l J•nuary 2022 Incom& Expendlture General fund8 Endowment funds i..?tH.n 3,743.147 (322,n12) 3,743, 141 5, 107,173 313,148 (322,012J 5,098,309 Page 24
THE WADENHOE TRUST IA Compprty Llmlted by Guarantso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 16. Analy$l$ of n•t a8Sets ljotween fvnds An4ty$l8 of not twO•n funds- ¢UfT•nt year Unr•strl¢t•d Endowm•nt fvnd funds 2023 2023 Totsl fund$ 2023 Taroible flxed as8el8 cuent assets Cr8ditor8 due wlthln on• 1,060.648 554.587 {23.2621 3.134,118 389,397 4194,966 943,964 123,2821 Total 1,592,153 3,523,515 5,115,668 Analy•ls of n•t al b•tw••n lund8- prfor y•ar Unrnslrf¢tod Endowment funds funds 2022 2022 Total funds 2022 Tanglble fixe<l 9$$018 Current ewts Credltors ffj wtlhln ong 1,081, 114 310,38T (36,339) 2,977,822 765,325 4.058,936 1.075,712 [36,339) Total 1,355.162 3,743,147 5,098,309 17. Rolat•d party tr•n$*ctlons Tho Ch8Aty has nol entered Into any relaied party transaclon durfng the yp8r. nor are there any oulslanding balAnc8s owng betsween relat&J parts'es and the Charlty al 31 Decembar 2023. gxcgpt for those disdD8ed in notè 10. P8gè 25