CHARITY REGISTRATION NUMBER: 202155 THE wr JINKIN TRUST HOME Unaudited Financial Statements Year ended 31 March 2024 WESTcorrs Chartered Accountants Plym House 3 Longbridge Road arsh Mills Plymouth PL6 8LT
THE wr JINKIN TRUST HOME Flnanclal Ststements Year ended 31 March 2024 Pago Trustees, annual report 14 Independent examlnerfs report to the trustees Statement of tlnanclal actNltles (Includlng Income arKI gxpendliure aOunt) Stalemgnl of linancial p05ilion Notes to the financial stalements 8•15 Tho foll¢>wlng pggeg do not lomi ol tho flnonclal ststements DetaSled slatemenl ol flnanclal acllvllles 1&17
THE wr JINKIN TRUST HOME Trustees. Annual Report Year ended 31 March 2024 Th8 trustees presenttheir rerKsrt and the unaudited financial statements of the charity lorthe year ended 31 March 2024. Ref8r8nce and admlnlslrallvo delallg Reglstored ¢hadty name The Jinkin Trust Home Charlty reglslrallon number 202155 Principal offleo and reglstered TuftSns offic• d Floor 6&8 Drake Circus Plymouth Devon PL4 8AQ Th• Tru81a88 Mr RC Oliver Mr EC Keasl FRICS Irellred) Mr M Copleston Mr A Warland Mr JE Burrows Mrs J Anthony lappolnlgd 3011120251 Independent exomlner Adam Croney ACA West¢otts ISWI LLP Chartered AoUntantS Plym House 3 Longbridge Fload Marsh Mllls Plymoulh PL6 8LT
THE wr JINKIN TRUST HOME Trustees, Annual Report Year ended 31 March 2024 Strueturo* govemance and management Governlng documenl The organisalDn is an unincorporaled charity and is governed by a Deed of Trust. The Trust arose from the Will of William Thomas Jinkin, dated 5th March 1935, and the key Fjjinls are as lolkjws.. Persons eliglble lo be resldenls of the Home shall be eliher Splnslers or Wldows or Wlves Ilving apart from and not maintained by their husbands and who shall- {118e above the age of 45 lil) Been born in the County ol Devon or Comwall or shall have resided in either of the said Counties for a period ol nol1gSS than 10 years. liiil Have formerly b8en Schoolm5slresses / Hospital Nursos or Clerks / Buslness Managers I Housekeepers or Widows or daughters ol professional or business men and who in any of the above case5 are by reason of laok ol means and inability lo earn their own living in consequence ol age, infirmity or any other good reason in such reduced ¢1UMstanceS lo render them lrtting iecipienls ol benefits under the Charity. Trustees shall invest the resklue of tho capllal ol the Endowment Fund In their names In any Investments authorised by law and shall apply the annual income or caphal lor repalrs, maintenance and Improvements lo buildings. Trustees affj &nlltled to be paid £25 each per annum IOT 5eNices rerKlered In managlng the allairs of th& Home. Governance and managomont Rocwltmont and wolntment ol nw tru•t• The Trustees consider that the current close band ol Twslees works best lor thls organisallon, whilst al the same limo provlding the Trusl wllh the requlred level of expertlse on property relaled matters. As SLrch, now Trustees are nomially only acllvely sought when one ol the exlsllng Trustees gives rlIce of their Int8nllon to retlre, in which case the remainlng Truslees alm lo Ilnd someone who has the necessary expertlse, such as a woth colleague or long term aCqUainte of the retiree. Orq•nl$allon•l •truclure Tho Twst has the following Trustees who sorved duriNJ the year and who are rosponslble for the day lo day managamenl and control of thè Trust. R C Oliver - Grandson ol the original Trustee, Charles Ernest Curtls E C Keasl- Retired Chartered Surveyor M Copleslon - Development Consultant A Warland - Chartered Surveyor J E Burrows- Solicitor The Trustees normally meet Iwice a year arKI Ihe meotings are minuled. Mrs J Anthony was appointed as an additional Trustee on 30 January 2025.
THE WT JINKIN TRUST HOME Trustees, Annual Report Year ended 31 March 2024 OblKtlvos and actlvltles Oblecllves and alms 1. To provlde secure accommodation for rellred elderly ladles In the Plymouth and East Comwall area. 2. To Invesl surplus fvnds in the name ol W T Jlnkin Trust Home to provlde an Income lo maintain the 21 flats In the ownership of the Trust. 3. To malntaln to an acceptable standard th& exlsting 21 flats bullt Sn 1938. 4. To administer the flats and Investments In ihe interesl of the Trust. The polScy ol the Trust is to work wllhln the framework set out In Mr W T Jinkln's Wlll datgd 5th March 1935, and the rules of the Charlly Commlssion. The Twstees have consideT8d the publlc benellt lost laid down by the Charfly Commlsslon and are sure that Ihls Charity m881s those requirements by providing accommodallon to those pgrsons stipulated in the Wlll ol Mr W T Jinkin. R18k management The Truslees have assessed Ihe major risks to which th8 Charlty Is exposed, in partlcular those related lo ils operallons and finances, and are satisfied that systems are in place to mhigate exposure lo Ihe Major risks. Publlc Bonofll The Trustees conllm that they have Complled wlih the requlremgnls ol secllon 17 01 the Charities Acl 2011 to have duè regard lo the publlc benellt guldance publlshed by the Charity Commisslon for England and Wales. Achlevements and performance Flnancial Review The conllnulng cost ol maintainlng the Ilats made it necessary to charg8 th8 r8sldents a malntenance charge with ellecl from the year ended 3181 Mah 2014. For the year ended 31$1 March 2024, total maintenance charges of £91,940 12023: £94,574) were received, along with investment income of £39,96412023.' £39,878) which together help lo lund the continued repairs and redecoration ol the Trust Home. Tolal costs ol running the Home thls year amounted lo £53,921 {2023'. £61,765). There were unrealised gains on investments during Ihg year of £37,712 12023: unrealised losses of £65,011), together with realised losses of £28212023.. realised gains of £6,483). The Twsl also sold the Investmenl prop9rty known as Coleridge House during the yeaT ended 31 March 2023, realising a surplus of £12,535, Overall, including the realised and unrealised gains, the Trust has T9POrted a posftlve nel movement In futyts for the year of £104,248 compared to £13,700 last year. Future Developments The charily is looking lo widen its objectives and a revised constitution has been submltted lo Ihe Charity Commission lor their approval.
THE wr JINKIN TRUST HOME Truslees. Annual Report Year ended 31 March 2024 Reserves policy The amount of total reserves has increased this year to £2,913,538, up from E2,809,290. Whilst this still appears high, the Trustees consider that the level ol unreslricled reseNes is the most crucial gutde lo the wellbeing ol the charity, and they increased this year from £174,634 10 £241,452. The Trustees believe that the current level of unrestricted reseNes are approprlate, glven the need lo continually malntain the propertles, in order lo safeguard the Charrty's Ilnancial posltion lor the foreseeable future whereas the puipose of the Endowment Fund investments are lo provlde a buffer should the running costs exceed budgets and to provide long term security for the charity. The level ol Tepairs required lends to be cyclical by nature and whilst expenditur8 in the last Iwo years has been relatively low, more signrficanl expenditure is budgeted for 2024125. Statoment ot Trustees R88ponslbllltl88 The Trustees are responsibl8 for preparing the Twslees. report and the financial statements In accordance with the United Kingdom A¢¢ounling Standards (United Kingdom Generally Accepted Accounliro Practice) and applicable law and regulations. The law appllcable lo charilles requires the Trustees lo prepare flnanclal statements for each flnanclal year which glve a true and fair vlew of the stale ol alfairs ol the charity and of the Incoming resources and application ol resources ol the charity for that perlod.ln pparIng these financial slatemenls, the Trustees are required lo= Select suitable accountlng policies and then apply thom consislenlly., Observe the methods and principles in the CharItS SORP; Make ludgoments and esilmalos that are reasonable and prudenl., Slate whether applScable accountlng pollcles have been followed. sublect lo any malerl81 departures dSs¢losed and explalned In the IlnancSal slatemenls,. and Prepare the flnancial slalemenls on the going concem basls unless It Is Inappropriate to presume that the charlty will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any limè the financial position ol the charity and enable them lo ensure that the financial slalemenls comply with the Charities Act 2011, the Charrties (Accounts and Reports) Regulations 2008, and the piovisions of the conslitulion. The Trustees are also responsible for safeguarding the assets ol the oharily and hence for taking reasonable steps for the prevention and deteclion ol fraud and other Irregularities. The Trustees are reswnsible lor the maintenance and I Information Included on Ihe charSly's website. Legislation ol IlnancSal statements may dlfler fiom leglslallon In ol grily ol the financial and non-financSal verning Ihe preparallon and dlsseminalion jurIsdlOn$. Approved by order ol the Board ol Trustees on 30 anuary 2025 and Sne(l on Its behall by: ff,eOkv R C Oliver - Trustee
THE WT JINKIN TRUST HOME Independent Examiner's Report to the Truslees of The wr Jlnkin Trust Home Year ended 31 March 2024 I report lo the Tru5t8es on my examSnation of the flnanpial statements of The WT Jlnkin Trust Home Ilhe chartty'l tor the year ended 31 March 2024. Respon$ibi111Ses and ba319 of report As the Trustees of Ihg charity you are responsible for the preparation of the tlnancial statements In accordance with th8 requirements ol the Charili&s Act 2011 1.the Act'l. I report in respect ol my examination of the charity's financial statements carrSod out under section 145 of Ihe 2011 Act and in carrying out my examination I have lollowed all the applKable Dlr8ctlons given by the Charity CommSsslon under section 14515llbl ol Ihe Act. Indop8renf examlnor's Statement I have completed my examination. I confirm that no malerlal mattèrs havg come lo my attentlon In connection with the examination giving me cause lo belleve that in any material respect.. ac¢ounllng 18cords were not kept in respect ol the charfty as required by sectlon 130 of the A¢l', or the financial sla18ments do not accord with those records: or the flnancSal staternenls do not comply with the applicablè r8quirements concerning the lomi and content of accounts set out the Charities (Accounts and Reports) Regulations 2008 other than any requSremenl that the accounts give a'lrue and lair, view whlch is not a maller consldered as part ol an independent examination. I have no concerns arKI have come across no other matters In connec16on wllh the examlnallon lo which allenlion should b8 drawn in Ihls report In older lo enatle a prop8r understanding of the accounts to be reached. Adam Croney ACA Independent Examin8r Weslcotts ISWI LLP Chartered Accountants Plym Houso 3 LOngbr Road Marsh Mills Plymouth PL6 8LT 30 January 2025,
THE wr JINKIN TRUST HOME Statement of Flnancial Actlvities (Including income and expenditure account) Year ended 31 March 2024 2024 Unrestrleted Endowment funds fund Total lunds Total funds 2023 Note Incorne and endowments Charitable activities Investment income 91,940 39,964 131,904 91.940 39,964 131,904 94,574 39,878 134,452 Total incoma Expenditure Expenditure on charitable actlvlllos Other exFendilure Totsl expendlturo 53,921 11,165 65,086 53,921 11,165 65,086 61,765 12,994 74,759 Net Incomel(expondllure) 66,818 66,818 59,693 Galnslllossesl on Inveslmenls 37,430 37,430 145,9931 Nol movament In lund$ 66,818 37,430 104,248 13,700 Recon¢lllatlon ol fundg Total funds brought forward Tot•1 funds caThled lorward 174,634 2,634,656 2,672,086 2,809,290 2.913,538 2,795,590 2,809,290 241,452 All of th8 charity's a¢tlvSllès derive Irom continulng operallons. The statement ol finan¢Sal actlvltles Includes all galns and losses recognised In the y8ar. Tho note$ on wges 8 10 15 fomi part ol thege flnanclal ¥tstement8.
THE wr JINKIN TRUST HOME Statement of Flnancial Posltlon 31 March 2024 2024 2023 Note Flxed assets Tangible fixed assets Inveslmerrts 13 1,350,000 14 1,305,038 1,35D,000 1,239,026 2,655,038 2,589,026 Current a880ts Debtors Cash at bank and in hand 10 1,395 266,660 1,400 227,123 228,523 268,055 CrlIor*. arnounts falllng due wllhln one year Net curr6nl assets 16 9,555 258,500 8,259 220,264 Total a8•el8 less cuTh•nt Il•blllti 2,913,538 2,913,538 2,809,290 2.809,290 Net assots Fund• of tha charlty Endowm8nl fund Unrestrkted funds 2,672,086 241,452 17 2,913,538 2,634,656 174,634 2,809,290 Total charlty funds These financlal slalemenls were approv8d by the toard ol trustees and aulhorlsed lor Issue on 30 January 2025, and are slgngd on behalf of board by., Mr RC Ollvar Trust8e The nots8 on pap8 8 to 15 form part of Ihgs8 fInancI siatemont8.
THE WT JINKIN TRUST HOME Noies to the Financial Statemenls Year ended 31 March 2024 General informatlon The charlty Is a public benefit entity and a registered Charity in England and Wales and Is unlncorporaled. The address ol the principal office is The Coach House, Chantry, Loddiswell, near Kingsbridge, Devon, TQ7 4EH. Statement of ¢ompllance The financial statements have been prepared in accordance with th8 second edition of Ihe Charities Statèment ol Recommended Practice issued in October 2019, the Financial Réporting Standard applicable in the UK and Republic ol Ireland IFRS 102 Section 1A) and the Charities Act 2011. Accountlng pollcles Bas18 ol preparatlon The flnancial statements havg prepared on the historical c051 basis, with the exception ol freehold property and Investments which are m8asured at lair value, with any Iluctualions recognised through Income or expeThJilure. The financlal statements are prepared in slerllng, whlch Is the lunctlonal currency ol the entity. Golng concorn There are no material uncertalnllgs about the charity's abllity lo continue. Publlc boneflt The Charity Is a publlc benefit enttty in aordanCe wllh the Charrtles SORP by providlng services which benefit the community and with all funds provlded used lo support the enlilies primary objectives. C88h at bank and In hand Cash at bank comprlses the charlty's bank current account along with the client account balances held by the prolosslonals deallng with the administration ol the charity. Bank balances that relate lo the investmonl portfolio are included in the value of th8 investments. Doblor$ and credltors recelvablolpayable with one year All debtors and edItorS are Tecelvable or payable wilhln one year and are recorded at Iransa¢lion prlce (costl- Any losses arislng from impairment are recognised In expendlture. Judgements and key aources ol estlrnatlon uncertalnty The preparation ol the linanclal statements requires manaoemenl lo make judgements, eslimales and assumptions that affect the amounts reported. These esllmalos and judgements are continually reviewed anfJ are based on expertence and other lactors, including expectations ol future evonls that are believed to be reasonable under the circumstances.
THE WT JINKIN TRUST HOME Notes io the Financial Statements fconllnu8d) Year ended 31 March 2024 Accounting policies f¢ontlnimdJ Fund aeeountlng Unrestricted funds are avallable for use al the dISction of the trustees lo further any of the charity's purpjses. Designated funds are unrestrlcled ftjnds earmarked by the trustees for particular lulure project or commitment. Reslrlcled funds ar8 sublecled to restrictions on their gxpendilure declared by the donor or through the terms ol an appeal and lall Into one ol two sub-clas5es.' reslricled income funds or endowment funds. The surplus arislng on the sale of the former allolmenl sile and the surplus arising on the sale of the investment property known as Coleridge House were both credited to the EloWMent Fund In previous years because the assets sold were inillally b8queaihed lo that fund. That has resulted in the Endowment Fund having substantial reserves as al the year end, Compared with the unrestricted fund. However, In the event that the Tnjsl Home shall need oxlenslve renovation or incur any oth8r slgnllicanl costs as part of ils upkoep at any lime in th8 future, then such funds as requlred can be made avallable from the Endowmonl Fund to meet those $t$. The Endowmern FuTrd Is not a permanent En(bwmenl Fund In that respg¢t. Incoming rosourc All in¢omlng resources are included In the slalemenl ol 1Snancial a¢livit$8s whan enli(lemenl has passed lo the charlty-11 Is probable that the economic boneflts associated wllh the transactn will flow lo the charlly and the amount can be reliably measured. The following specific policies are applled to particular categories of Income: Income from donations or grants is recognised when there is evldence ol entlllemenl to the glft, recelpl Is probablg and its amount can b9 measured rellably. légacy income Is recognlsed when r8c6ipt Is probable and enilllement Is eslabllshed. In¢om8 Irorn mainlenance payments r6cèived from the resldenls of the Home aro also recognlsed when receipt Is probatje and eniltlemenl Is establlshed. Resourceg expended Expendlture Is recognlsed on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovèred, and is class1119d under headings of the statement ol linancSal actlvilies to whlch it relales: expenditurg on raising lunds Includ85 the costs ot all fvndraising aclfvitSes, events a1 non- charSiable trading activities. expendlture on charitable actlvltlos includes all costs Incurred by a charlty in undertaklng aclivilles Ihat further ils charilable aims lor the benefit of its beneficiaries, including those support costs and costs relating lo the governance of the charity apwrtbned to charitable activf(les. other expgndilure includes all expenditure Ihal is neither related to raSslng funds lorthe charity nor part ol its 9xpenditure on charitable activities. All costs are allocated to expendlture categories rellecllng the use ol the resource. Direct Costs attributable lo a single activity are allocated directly to that activity. Shared cosls are apportioned between the activlties they contrlbute to on a reasonable, Justifiable and consislenl basis
THE WT JINKIN TRUST HOME Notes to Ihe Financial Statements {conffnu8d) Year ended 31 March 2024 Accountlng pollclos (liUeJ Tangible assals Tanglble assets are Inltially recorded at cost, and SubsuentIY slated at Cost less any accumulated depreciation and Impairment lossas. Any tangible a55ets carried at revalued amounts aro recorded al the lair value at the dale of revaiualion less any subs6quenl accumulated depreciation and subsequenl accumulated impairment losses. An increase In the carrying amount of an asset as a result of a revaluatlon, Is recognlsed In other recognised gains and losses, unless il reverses a charge for impairment that has prevlously been recognised as exp8ndilure within Ihe slalement ol Ilnancial activilles. A decrease In the carrylng amount of an asset as a resull ol revaluatlon, Is reeognised in other recognlsed galns and losses, except to which r( oflsels any prevlous revaluation gain, In which cage the loss Is shown wtthln other recognlsed galns and losses on tha statement ol financial actlvltSes. 08preclalion No depreclalion is provlded on freehold propety, whh Is now slated at falr value as d81ermined by the Truslees, Iwo of whom are Chartered SuNeyors. The freehold property was previously staled at cost. The Trustees have undertaken lo revlew the falr value of the freehold property on a regular basls and to carry out annual Impairment revlews so a provision lor depreciation on an annual bas18 Is not consid8red n8¢essary. Flnanclal Instrumonts A flnanclal asset or a finan¢lal1Sabllily is recognlsed only when the enllly becomes a party lo the contractual provisions ol the Instrument. Baslc fbnancial instruments are initially recognlsed al the amount receivabl8 or payablo Sncluding any related transacllon costs, unless the arrangement conslilules a financing Iransaclion, where is recognlsod al the present value ol the lulLJre payments discounted al a market rale ol Interest lor a similar debt Instrument. Current assets and curienl Ilabllllles are subsequently measured al th8 cash or other consSderation expected to bo paid or recelved and not discounted. Debt Instrnmenls aye subsequently measured at arnOrted cost. 10
THE wr JINKIN TRUST HOME Noles lo the Financial siatements {conllmiOLI) Year ended 31 March 2024 Charitable aetivltle8 Unr8Stricted Tolal Funds Unrestred Total Funds Funds 2024 Funds 2023 Income from charhablg actlvi1Se5 91,940 91,940 94,574 94,574 Investmont Income Unreslrlcted Total Funds Unreslrlcled Total Funds Funds 2024 Funds 2023 Rents recelved Interest aThl dlvidends from Investment portlolio Deposll aOunt interest 480 36,845 2,639 36,845 2,639 39,964 39.137 261 39,137 261 39,964 39,878 39,878 Exp•ndllure on chorltable acllvltl89 by lund type Unreslrict8d ErKlowmenl Total Fund8 Funds Fund 2024 Dir8cl charllable actlvhies Support costs 38.722 15,199 53,921 38,722 15,199 53,921 Unreslrlcted Endowment Total Funds Funds Fund 2023 Direot charllable activilies SupFort costs 45,255 16,510 61,765 45,255 16,510 61,765 Support costs conslst entlrely of governance costs for both 2024 and 2023 and comprlse.. 2023 Trustees expenses Trustees indemnity insuranco Almshouse Association membershlp Accounlancy Professlonal fees 381 582 3,420 10,816 381 333 3,450 12,346 Total 15,199 16,510 11
THE wr JINKIN TRUST HOME Noies to the Financial Statements (eonllnuedj Year ended 31 March 2024 Exponditurn on charitable a1vIlle6 Activities undertaken directly Support costs Total funds Told funds 2024 2023 Charltablo actlvities 38,722 15,199 53,921 61,765 61,765 38,722 15.199 53,921 Other expendlture Unr8slrfcted Enth)wmont Tolal funds Funds Fund 2024 Total fund 2023 Portfolio manag8m8nl lees Investment property repalis & expenses Other expenses 11.067 11.067 10,889 98 257 11,165 11,165 12,994 Net In¢omel(expondlture) Nei Incomellexpenditurg) Is slated after chargingllcredltingl.. 2024 2023 Deprecialion of tanglble fixed aBsgIs 10. Indopondènl gxamlnallon leeg 2024 2023 Fees payable lo the Independent examlner for: IndepeIent examlnalbn ol the linancial statements 1,650 1,560 11. Staff co The ¢harily does not have any employè&s and 50 Staff costs for the year are £nll12023- £nill. 12. Trustsos remuneratlon and axpenses No femuneration or other b8nefits from employment wlth the charfty or a related entity were received by tho Iruslees. Truslee expenses ol £nil were incurred in the year12023.' £nill. 12
THE WT JINKIN TRUST HOME Notes lo the Financial Statements (CondnU) Year ended 31 March 2024 13. Tanglble flxed as80ts Flxtures. Freehold Fittings and property Equlpmenl Total At valuation At 1 April 2023 Addltlons Dlsposals At 31 March 2024 1.350,000 1.350,Crf)O 1,350,000 1.350,000 Deprecl8tlon Al 1 April 2023 Charge lor the year At 31 March 2024 Carrying amount At 31 March 2024 1,350,000 1,350,000 1,350,000 Al 31 March 2023 1.350,000 The valuailon ol the freehold property, belng the Trust Home {Flals), was provlded by Mr EC Keasl. FRICS (tIred), who is one ol the Trustees. If the freehold property had not been revalued, 11 would be Includ al cost of £34,088. 14. Flxod Assel Inve8trn•nt• At m8M vglue Total At 1 Aprll 2023 Addltlons Disposal proceeds Realised galnslllossesl lor the year Unrealised gainslllossesl for the year Portfolio Bank account movements Accrued Income adlustment 1,239,026 176,660 1131,1781 1282) 37,712 116,900) At 31 March 2024 1,305,038 The investments are held on a professlonally managed wrtlolio In the UK. 13
THE WT JINKIN TRUST HOME Notes to Ihe Flnanclal Statements (con1kn) Year ended 31 March 2024 15. Dfrbtors 2024 2023 Prepaymenls 1.395 1.395 1.400 1,400 16. Cradltors: amounts falllng due wlthln on• yoar 2024 2023 Other cxedilors Accruals 5,718 3,837 9,555 4,661 3,598 8,259 17. Analy819 ol charftable fund$ Unr08trfcted fundi Al Translers 31 March 24 At 1 Aprll 23 Income Exp8ndlture Gengral funds 174,634 131.904 165,0861 241,452 Al Transfers 31 March 23 Al 1 Aprll 22 Incom8 Exnditur? G8neral funds 114,941 134,452 {74,7591 174,634 The gengral unrestrlcled fund represents the free funds ol the chartty whlch are not designated for partlcular purposes. A1Cted fund$ At Income Expenditure Gainslllossesl 31 March 24 At 1 Aprll 23 Endowment Fund 2.634,656 37,430 2,672,088 At Irwme Exponditure Galnslllosse5131 March 23 At 1 April 22 Ewlowmerrt Fund 2,680,649 145,9931 2,634,656 14
THE wr JINKIN TRUST HOME Notes to Ihe Financial Statem8nlS {¢onllnu8d) Year ended 31 March 2024 18. Analysis ol nel assets between funds Unre6tri¢ted ErKlowmenl Total Funds Fund5 Fund 2024 Tangible IIx8d assets Investments Current assets Creditors less than 1 year Nét as8Ot8 1.350,000 1.305,038 17,048 1,350,000 1,305,038 268,055 19,555) 2,913,538 251,007 19,555} 241,452 2.672,086 Unreslrlcted Funds Restrlcled Total Funds Funds 2023 Tangible flxed assets Investments Current assets Creditors less than 1 yéar Net assets 1,350,000 1,239,026 45,630 1,350,000 1,239,026 228,523 18,259) 2,809,290 182,893 {8,2591 174,634 2,634,656 19. Related partles The management of the Trust Home is carried out by Tuff in & Co Propety Managemert Limited (Tufllnsl In whlch company Andrew Warland is the sole direclor. Tullin5 charge a management lee lor administering both properties, which in 2024 tolalled £8,275. 11 should be nolod Ihal Mr Warland was invited to act as a Trusl8e after Tuflins look over the management of the propartlos. in order to be able lo keop the other Trustees updated on matters relallng to the properties. 15
THE WT JINKIN TRUST HOME Management Informalion Year ended 31 March 2024 Th• followlng p•gu do not forni part ol th• flnanclal ststsmant
THE wr JINKIN TRUST HOME Detalled Statemeni of Flnanclal Actlvllles Year ended 31 March 2024 2024 2023 Income arKI endowmonts Charitsble activities Malntenance payments r8C8ived 91,940 94,574 Investment Income Rents received re basement Interest & dividends Irom inveslment portfollo Oeposrt account inleresl 480 36,845 2,639 39,964 480 39,137 261 39,878 Total Income 131,904 134,452 Expendlturn on ¢harll•bl• aclivities Costs ol running the Trust Home.. Rales and water Insuranca Light aThJ heat Gardening Repairs and redecoratlon ol Trust Home 3,680 4,917 2,064 9,040 15,441 3,701 4,852 1,147 8,285 22,020 Other charIt6 actlvhles.. Eleclrlclty support payments to resldents 3,600 5,250 Total 38,722 45,255 Govèrnanco c08ts Trustees exponses Truslees Indèmnity Snsurance Almshouse Association membershlp Accounlancy Prof8ssional le8S 381 582 3,420 10,816 381 333 3,450 12,346 Total 15,199 16,510 Other 8xpendllure Investment portlolS0 managemenl198S Investment property repaiis & expenses Qlher exnseS Total 11,067 98 10,889 1,848 257 11,165 12,994 17