Elizabeth Wright's Charity Report and Financial Statements For the year ended 31° Deeember 2024
Elizabeth Wright?s Charity Financial Statements For the year ended 31° December 2024 Contents Page Legal and Adminislrative Inforniation Trustees Report Independent Examiners Report Stat¢m¢nt of Financial Activities Balance Sheet Notes to ihe Financial Statements
Elizabeth Wright's Charity Legal and admlnlstratlve InforniatioD Trustees By a scheme dated the 5th June 181 O. The Charity Cornmission ap)int the Truste for the time being of The Elizabdh Wright Charily [Charity Rwstration numb 203896] as trustees of lh¢ fvnd. The Charity'5 Twst¢es during th¢ y¢ar rmd¢d 31" December 2024 were: Dr. l.H. Mason Mr R S G Bamwell Mr K Aplin Reverend M Brthlbury Mr S Harris Mrs K Crawley Dr R. Wate QPM Address The ¢orrespondence address for the Trustees is clo Dr l. Mason, 13 Tavistock Road. Wisbech. Cambs. PE13 2DY. Bank¢rs Bat¢lays Bank PLC. Leicesler LE87 2BB INdep¢nde*t ExamlDer C L Smithee FCCA. G14, Th¢ Boathouse Business Centr4 l Hatbour Squar< Wisbech. Cambs PEI 3 3BH Land Agents Maxey Ground4 1-3 South Brink, Wisbpxh. Cambridgc5hire PE13 IJA Solleltors Fraser Dawbams LLP, 1-3 York Row, WiSb, Cambridgeshire PEI 3 1 EA
Elizabeth Wrlght's Charity Trustees Report The Trustees present their rq)ort logether with the financial ateMentS of th¢ Fund for the year ended 31 D¢c¢rnber 2024. The financial slalemeThls have been PTepared in accordance with the accountin8 wli¢ies set ou¢ on pages 9-12 and comply with applicable law. CoD$tituth)A Attd objeets The Elizab&h Wright's Charity was founded under the Will of Elizabeth WrighL t*oved in l732. It has two aim4 the relief of poverty and support in education. Organlsallon and admlnlstratlon The Truslees have a fornial meeting three timu a year with an AGM in ihe aulumn. Durin8 the year the ttuste¢s are circulated regarding requests for grants. Grant maklng poli¢y and Public Benefit In 2024 the tTUStees aced to provide granis to 43 applications, lotalling £38.604. Grants were made in the following categories- £16,500 for the relief of povaty. This includal £6(XM) lo Wisbeth Food bank and £25(J) to the Fenland Family and Baby bank. £12,104 to support educalion. £7.500 for public b¢n¢fit in ihe communily. This includal £5.(KKJ to the Rob¢rt Hall Centr< £l,(M)O to Wisbcch Sl Mary F.C. community proj¢ct. £15 to Wisbech Strok¢ Club. Flnan¢l81 revlew and ffinveslment poliey The tteeS have the authority to vary ihe forni of inv&stment of the Funds pemian¢nt endowment by virtue of powerts granted by the T¢¢¢ Acl 2(KKI. Most of the pern]anent ¢ndowm¢nt of th¢ Fund r¢mains invested in agricultural land which was part of ihe original endowmcnt of Elizabeth Wrighi. The tsuste¢s undertake an annual land visit and review with the land agen¢. The greater prow)rtion of the rentsining balaftce of the endowment is represented by a holding of shares in a COIF Charity Investment Fund which yidds a quart¢rly dividend.
Elizabeth Wrlght's Charity Reserves poll¢y During the year ended 31. De¢ernb 2024. the total net income of the Charity was £47,451 of which £42,951 was expended in accordance with its objecis and the SUTplus of £4.500 has been added to the reserves. The mov¢ment in th¢ rnaTk¢t value of investments atnountin8 10 £28.416 increased in th¢ unrestricted and the increase in land value £531.392 has be¢n add to the Endowmeni fund. The 1rustS are aware of the ¢u)Teni level of Generdl RcseTV&S and will look lo further distribute fvnds in accordance with th¢ir aims durin8 the coming years. Trustees. responsibllltks in r¢latlon to the finanelal ststements The law applicable to Chariti in England & Wales r¢quiras thc ts1CeS lo prepaTe financial strdlemenls for each financial y¢ar which give a true and fair view of the Fund's financial activiti&8 during the year and of its financial p)sition al the ald of the year. In preparing these Financial Statement4 Ihe Trust¢es ar¢ required to.. l. Select suilable accounting pK)licies and then apply them consislcntly 2. Make judgements and estimates that ar¢ reasonable and prudent 3. Stste whether applicable 51andards and slalements of rec4)mmended practice hav¢ been followed subject to any departures disclosed and explained in the financial statements: and 4. Prepare the Financial Statements on the going conccm basis unle55 il is inappropriate to presume thal the Fund will conlinue The Tntee$ are responsible for keeping proper accounting records which disclose with reonable accuracy at any lime the finala1 position of the Charity and to enable them to ensure that the Financial Statements comply with the Chariti¢5 Act 2011('the Act.). They are also responsible foT safeguarding the assels of the Charity and h¢nc¢ for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trw¢ees ajd signed ¢m the5r behalf by Dr. l. Mason, Tntee Mrs K.Crawley replaced Mr K Aplin a¥ vk¢ Ch•irm•n on 14. 10. 2025. Dated . 141h Oelober 2025
INDEPENDENT EXAMINERS REPORT To the Trustees of Elizabetb Wrlghl's Ch•rity I repM)rt to the trnstees on my examination of the accounts for the year ended 3 1st t)ecemb¢r 2024 which are set out on pages 7 to l l. Respeetive responslbllltks of tntstees ttd exmlner Th¢ charity's trustees are responsible for the weparalton of the accounts in aco)rdanc¢ with the requiremenls of the Charitics Acl 2011 {'Ihe Act.). I rqx)rt in r¢spt of my examination of the Tnl'S accA)un15 carried out under section 145 of th¢ 2011 Act and in carrying out my examination I have follow¢d all th¢ appli¢abl¢ Direclions given by the Charity Commi&sion under section 145(5)(b) of the Aet. Basis of Ind¢pend¢nt ex4mlner'$ report My examination was carried out in accordance with the getal Direclions given by the Charity Commission. An examination includes a review of the accounting records kept by lh¢ charity and a comparison of the accounts presented wilh those records. 11 also includes consideration of any unusual items or dI10$Ur¢S in the accounts, and seeking explanations from you as (rustees cnCerning any such matters. The woccdures undertaken do not provide all the evidence thal would be required in an audit. and conwuently no opinion is given &8 10 whether the account5 presenl a 'true and fair view, aThl the et is limited those matters set out in the statement below. Independent examlner's statement I hav¢ compl¢t¢d my ¢xamination. I c4)nfimi that no mat¢Tial matt$ have come to my attention in connection with the examination giving me eause to believe thal in any material TpeCt. accounting rccords were nol kept in respect of ihc Tnst as rquired by s¢rtion 130 of the Act. or the accounts do not accord with those records. or the accounts do not comply with the applicablc rcquirenKnts ¢on¢¢rning ihe forn] and content of accounts set ou( in the chariti (AcLX)unts and Reports). Regulations 2008 oiher than any rquirement that the accK•unts 8ive a 'true and fair view. which is not a matter considered as part of an ind¢puMknt cxaminalion. I hav¢ no conccrns and have come across no Oth malters in comiection with th¢ ¢xamination lo which attention should be drawn in this report in order to enable a proper understanding of the a¢count$ to bc reach. C L Smithec FCCA TC Group G14. The Boathouse Bu5inc5s Cenlr4 l Harbour Square WISBECH Camb8 PE13 3BH Dated.........................
ELIZABETH WRIGHT'S CHARITY STATEME OF FINANCIAL ACTivmE8 For the war onded 31sl Oe¢engr 2024 Funds 2024 Fund Tot•1 2024 2023 INC0141E Rents laTrJ Inves1ml Incorne 17.341 30.110 17W1 30,110 20.190 29.674 TOTAL W4COIIE 47.451 47.451 49.864 EXPEI4DITLe Dired Chit4blo Grants Adminislratron 39,215 4.193 4.347 4.347 TOTAL EXPENDITURE 42951 43,408 NET INCOMEI(EXPENDITURE) FOR THE YEAR 4.0 6,456 TRANSFER BETWEEN FUNDS C05t of inve5tmBnts NET GN$l{Lo$s£$I ON INVESThENTS UnTeallswJ . Freehold Invoslmwrt ld Realised- Investmenl ga Unreallséd- Imi68lments garfk)$8es $31,392 531.392 23,916 23,916 89.935 NET MOVEMENT FUNDS 555.308 559.808 96,391 TOTAL FUNDS BROUGHT FORWARD at 1•lJ•w•ry2•24 161.983 1,613.9SS 1.775.938 1,679.547 TOTAL FUNDS CARRIED FORWARD 31st O•G•rnb•i 2024 166.483 2,169,263 2.335.746 1,775 938
ELIZABETH WRIGHfs CHARITY As at 31st Oecembtr 2024 T¢)tsl 2024 Tolal 2023 Funds FundJJ FIXEO ASSETS Tangible A8sels Inl8nglble Assets Inv•stmonts 1.183.392 1.1B3.3V2 2,333 1112 572 2.298,297 1.722.989 662,OC 2.333 1333 1112.572 2295,964 CURRENT ASSETS D•blo Cash 818ar 9.307 1,057 58.696 59.753 28.299 28.299 45.170 73,469 Crwxors: ¥nounl$ fallirwj Wi0 (th 9 7M22 NET CURRENT ASSETSllLIA8iITIES) 37.548 28.299 15.847 52.949 TOTAL ASSWts LESS ¢URREKf LILITS 39.881 2,324.263 2,3M144 1.775,938 CredlloTS.' aM0)ts falkng after nbye that one y NET SSETS 39.881 4 263 13M144 1.775.938 TOTAL FiTrIDS QF THE CHlTy 166,483 2.169,263 2JJ4746 1,775,938 Approved by tho TNstfjg$ and si9n6d ther behaw ty. Dr. l. Ma8¢n. Trust09 Mrs K.Craw* r8placa(l Mr K Aplyb as vica C¥man on 14.10.2025
ELIZABETH WRIGHTS CHARITY Notes to th• Flnanckil Stat•m•nl• For the ended 3181 Decofflbor 2024 Accountlng Polkl•8: Accountlng conv•ntlon The financial slatemenls are wepwed er the Iw510T cost o)nvenlton as rnodifRd by the inclusion of inve5trnanls al mathet value a¢¢ordan¢e ¥th applicabl6 a¢country standards. In preparl tho financial statements the chwity best prxtice as laKI down In the Statemth of Recomrnendèc Praclice: Accc¥Jnling and Reporting by Charilies. (SORP 201 S) leffeclive 1 January 2015). Inv•slm•nt In)MO Rents are in¢lJded on an ac¢nk basis arnj Irweslment trKorne credited as received. Resources Expend•d Expendilure is induded on a7 ao>io1$ basis. EX116 inthdes any VAT Tth'ch cannot be recovered aThY is reported as part of Ihe expendilure lo relales. Management adm1n1straiK ¢omprises trffj ¢osts for Iho rnnnY¥J of ¢hwity itseh as an organlsalion. FIX A•••t Inv•lffl•nl• Investments We induded at dosing mid-m¥kal value al Ihe b4afKe slt de. kny gain loss on revaluation is taken lo th8 Statement of Fwwclal Acl1¥it. Fund a¢counllng Detals and puw eath lurxl is sel t1 in note 10. 2 Tanglbl• FIX 8 and Incon Th•r8from Annual R•ntal 2024 Valuatlon on 2023 31112124 31112123 Frnohold Agrfcultural Land: 7.894 acres land, Wisbech F. Wisbech SLKWY 2.900 aces land, Wi$be¢h St. Mary 13.640 and 5.609 &fes land. Gedn8y Hill Gale, Geth HI 21.662 acres, Spendla's Lane. Long Sutton & Old Eau F¥m. T5rfld Si. Mary 9.9225 acres land, Spendla's Lane. Long Sullon 6.437 acres land. Gowts Lane. Lorvd Sutton 3.856 and 7.656 acre5 lard. Chiklergate Lane, SuttM Sl. James 48.210 Acres land, Turf Fen, [kdIrot0n 5.14 Acres Land High Side. Wisbech 9.18 acres Cox's Lan8, Wisbech Sl M¥y 63.152 32.CKIO 5tKI 233•0 12.0 1751 3.173 153,992 76,000 2,520 2.787 173280 88.000 1.240 79,376 40,1)00 740 51,496 24.OCKJ 2.280 92.096 48.WO •AUJi2 6,870 6,870 385,680 192.0(X) fvIILYJ13 430 41,120 20.CMJO 1,370 1.370 120.000 20.190 I,18392 652,000 The Trustees have valued the land * 31st December 2024 on the ba515 of currenl circumslances. al apFoximaldy £8,000.CQ per acre. Tho Trustees believe that thi$ v*alion is appropriate al thi5 lime.
ELIzETH WRIG•ifs CHPJUTY 14ot•• lo lh• Fln•ncl•l 8taI•nwl•{¥Thdl For the year endwj 3181 O¢cwnbgr 2024 3 ¥•rnIn1 Inwm• 2023 30.918 29.338 8ank Intere61 Wa>leave COIF Deposil Accounl Irrtwesi 17 21 fjy 17 250 29.674 4 Dlr•ct chartab Gf•nts 2023 Wi¥beth ChwiliB5 knhouse5- Chri$imas fi$ and Trijs lor resder wiSch St Pelws Church Wlsbech Muswjm Music pro10$¢4s Val)US granls Io Fcod Ban 425 1.310 7,fj9Q 7,590 16,399 6.000 4.708 21.057 30,fj04 39215 5 AdnJlnl•tr•tlon 2•24 2023 Drainagé Rates ACutancY Admln Expen5e$ S(tndiigs 122 1.500 550 538 1.637 547 2.263 4.347 4.421 L••s: Contrl>utlm from WW Educal Fnd81)n 228 4.193 The T1eS rec•ivgd rgmUnKl dw¥J fv . io
ELIZPBETH MIIGKTS ¢MlTy Not• to th• Fln•nclal St•tynwnts Iconunwd) For the ended 315t Docombw 2024 8 InL9nglblo P48•ts 2024 2023 BPS ErArtl8monts Pufchased 21.e62 acres Spfjndla's Lane. LthvJ & CJ Eau Fam. TJOJ SL Mary RPA EnlWwnents Pwchased 4.70 Ha sutt( St James 833 As al 31st 08cwnber 2.333 2.333 7 In¥••kn•Tht• 2024 2023 COIF. ChaYlU•• Inw•kn•nt Fund. In¢oTh Un# 509A74 1.112.$72 509,474 1,068.&fj8 M¥kei Value as * 31 E¥¢8ss Market Vahjefmr Cost 559,182 Fw¥J As at 1st January Additp)n lth)v8m8nl in y8ar •ThJod 31st D•c•mb 559,182 20.000 23.911 469.247 89,935 As at 3151 Dewnb 903.091 559,182 maet ès ai 1st Januy Ijditn$ Realsed galn on d sposal Nel Gains on ROvaatIOn as 31sl ollb 1.He.050 20,000 978.721 23•16.10 89,935 Ma1 V•lu• a• at 3181 D•c•mb•r 2024 1,112.572 1,068,656
ELiz3eTH IMIIGMTS cHIlTy N¢)ts• lo th• FIMn¢l•l Stsl•m•nts {¢ontlnwdl For1h0 endod 31sl Decernbor2024 8 O•btorn 2024 2023 •.307 1.057 9.307 1.057 • Cr•th•: knnts l•llw wlthln ¢x >••r 2•24 2023 8.122 Sundry CFodito 10 Fund• tho1iiabl• otrfje¢ts. arislr¥ oft thè t)WmerI lund can bo in dance thè thiticis ol th• charity and Is Iled as UIWtricied incomo. AA)Ycap81 goin$ k6ses on the The51ments forrn pwl ol the lund. Eknboth Char¢ty is 4 roffif8d Clwy. 15. Ilwefom ex Irorn liallY ta¥in on i 12