Charlty number. 209247 THE ALMSHOUSE CHARITY OF WYNN ELLIS INDEPENDENTLY EXAMINED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE ALMSHOUSE CHARITY OF WYNN ELLIS CONTENTS Page Rofgrenc• and Admlnistratlve Detalls of the Charity, Its Tru•t••s and Advi•ern Trust•. Report Ind•p•nd•nl ExamlneV• Report Stat•rnont of FlnanGl•l Pxtlvitl 8•lan¢• Sh••t Not08 to th• Flnanclal Statem¢nt• 10-20
THE ALMSHOUSE CHARITY OF NN ELLIS REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEM8ER 2023 Tru5tee8 Reverend &"mon Tilbtson, Chairman Valer* Kenny. Trustee Robert Sissons. Trustee lan Mccartney, Trustee Howard Barker, Trustee Charlty r•glstored number 209247 Principal offlce PO 8ox 1247 Whitstable Kent CTI 9UT Ind¢p•nd•nt •xomlner MHA Victoria Court 17-21 Ashford Road Maiclston8 Kent ME14 5DA Bank•r• CAF (Charities Aid Foundation) 25 KirvJs Hill Avenue Kings Hill Wesl Malli Kent ME194TA Page 1
THE ALVISHOUSE CHARrrY OF WINN ELLIS TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees presant their annual re[ troether with the finarrial statements of the Charty for the year ended 31 December 2023. The financial ststemenl$ have been prepared In aCanCe wth the accounting policies sel out in note 1 to the accounts ané comply wlh the Chanty's cStIlutI0n. the Charities Act 2011 and the Charities Ststement tsf Recommended Practice120191 and Finanrial Reporting sndard FRS 102. Obl•ctlv*• ortd aetl¥ltl•8 . Policle• and oblectlvo• The objectNes of the Charity are to maintain The Wynn Ellis Almshouses in order lo prov¢ accomrnodats'on fof elderly people in Whitstsble, Kenl. b. Strnt•gl•¥ for achl•vlng oblKtIv In $etting objectives and planning for activit5, the Tru5tee$ have given due Consideration to general guidance publishèd by the Charty c(ffimi5Sbon rektsng to public benefiL irludIng the guidance 'Public benefit, running a Gtrarity IPB2I' c. Aetlvlt10• undertaken to achl•v• obJ•¢tlve• The Clerk and Trus18es will hold regUr meetsngs and available lo discuss matteTS on a dailylweekly basis to ensure that any problems are dealt wrth irnrn¢diately. They will adhere lo the Almshouse Association guidelines on tasks to be completed weekty. monthly and annualty. They wll make regular visils to the Almshouse and address any Pfoblems that Ihe rnsidenls may have. Al prop8ty is$u8s wll be do8lt vAth immediately to 8nsur• thai good living confjitlons are maintained. d. M•Sn actlvltl•• und•rt•kèn to lurth•r the Charlty'8 purposes for th• publlG b•n•fft The Charity contsnues to provide hOUn9 for those peoF4e in need In Whilslable The Alm$house flats have all been occupled throughout the year, and the tenefit lo the public is Ihal they proVe a safe and comfortsble residence at a low cost to single ladies in WhItsble. who have Irtue caytal and incK)me. Achlevements and performance Main achlevern•nt8 of the Charlty The Clerk and TNstw pride themselves on provkjing good living condr(ions for the residents and at a low rent. 11 is an objective lo keep rents low and lo ensure that all the residents ar• happy in their surroundings. The Clerk and Trustees aayS rèspond to any fabric of l)uilding problems immediatety. Pa9e 2
THE ALMSHOUSE CHARITY OF WYNN ELLIS TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 FinJnclal rnvlew . Golng concom After making appropriate enquiries, the Trustees have a fea80nable expectation that the Charty has adequ&te resources to continue in operational existence for the foreseeable future. For this reason. they contsnue lo adopt the going concern basis in prepanng the financial statements Furthèr details regarding the adoption of the going oncern basis can be found in the 8c£ounling Foliaes. b. R•$•r4•G poII¢y The Clerf( and Trustees rogularty rwtw the reser¥e ftjnds lo ensufe that adequate funds will be available for any emefgency. The reseNe funds are manage¢J carefully ensuring Ihal thèy re¢ve a good rale of interest for any investm&nl without any Tisk teing Invofved. In our last financial year, we have receNed £282.745 12023 £Nil) In legacies and £56,241 12023 £56.0321 in investment income. The maityity of r income goes towards prop¥b8s rnaintenance. Al the year end, the Charity had a surplus of unrestn¢tsd funds lotalling £2,992.611 12023 - £2,759.428 surplu51. and restricted funds of £Nil12023 . £Nil} c. Prlnclpal rf8ki and uncort•lnlle• The Trusteè8 have ¢on$idered Ihe map)r nsks to the Charity an(J havo tsken the action they wnslder necgSBary to maintain the Charity's Income In order lo achieve "rts obieclive$. StNcture• governan¢• •nd management , Conslitutktrn The Almshous8 Charity of Wynn Ellis is a Charilab unincc*p)raled organisation. with cmarity number 209247 govem8d by the Charity Commission. The address of the pnnop81 office ts po eox 1247, Whitslable, Kent CT1 9UT. b. M•thod• of •ppolnlm•nt or •l•ctlon of Truste88 Th• Trustees wll appoinl npm trustees as and when nacessary. and when ong of the exi$tin9 Trustees resigns. A new Trustee will be appointed by bang duly prow)sed and seconded at a meeb'ng of the Trustees. No training ts necessary. However, a full underslanding of the Charrty Trust Deed is necessary. Trustees are kept up lo date as their receNe regular updales fTom Ihe Charity Commission. Page 3
THE ALMSHOUSE CHARITY OF WfNN ELLIS TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structure, governan¢o and managomgnt (contlTru•d . Oryanlsallonal structure and deciJk•nrymaklng polici The Trustèes meet 8t least three kn'mes a year. Al these meetings. the Trustees agr08 the brDad strategy and areas of a¢lwty lor the Charity. The Trustees revw policies and performance, the day-to-day delivery, and the finanG1¥ ofthe Charity. The Trustees ¢on$bJer Ihè board of TpJstees and the Chairnn as comw'sing the key management personnel of the Charity in Gharge of directsng and controlling the Charity and running and operating the Charity on 3 d8y-to- day basis AJI Trustees give of their lime freely ané no Trustee remuneration was paid in the year Trustees are roquir8d lo disclose 1 relevant Interts and l$leT ihem wth the Chaimian and in accordanr2 with the Charity's pc4icy wilhdraw from decisions where a rAinflict of interest arises. d. Pollcl•• adopted for th• Inductlon •nd tr•lning of TnMt• On appolntmenl, new Trustees sign a Trustee deckgrat ststement committing them to gNing of thèir time and exp8rtisé. There Is a formal induciion programme for any newly appointed Trustee. whieh Includes an Ini1181 meeting with the Chairman and the Trustees, lolknved by a series o15nort meetings with Ihe Chairman lo gain a greater understsnding ol tho charitable wrposes and responsibilities of the Trustse. They are taskéd th familiarlsing themselves wth ltte governin9 dccument. review previous meetings minutes and the financial hi510ry of the Charty. •. R•lat•d paty relatlonshl Th• Charty is not part of 8 wider neorf1. f. Flnonclil rl8k management The Trustees have assessed the major risks to which the Charity is exposed, In parbcul8r those rèlated lo the oporallons and finance$ of Iha Charity, and are satisfied that systems and prccedures are in plac8 to mibgate èxposure to the major risks. Page 4
THE ALMSHOUSE CHARITY OF Wft4N ELLIS TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Statement ol Trustegs. r•sponslbllltles The Trustees 8re respwsible for Pparing the Trustees. Report an(J the financial $talerrwts in accordance with applicable law and United Kingdom Accounting Standards Iunited ngdoM Generally Acceptèd Accounbng Practice). The pew applic8ble lo charllles in England & Wales requires the Truslees lo prepare financial statements for each financial year which give a true and tsir wew of the stale of affairs of the Charity and of its incoming resources and applicatyon of resources, includiryJ rts income arKI expenditure, for that perKJd. In preparing these financLal statèments. the Trustees are Uired lo.. select suitable accountsng p)IKies and Ihen appW them consistenly., obsefve the methods and pnnciples of the Charities SORP IFRS 1021.. make judgements and xcounling estimates that are reasonable and prudentr, stale whether applicable UK ACtUnting standards IFRS 1021 have been lollov*d, subjÈct to any mat8rial departures disclosed and explained in the financial statements", Prepare the financial statements on the going concem basis unless il is inappropriate to prè$ume that the Charity wll Gontinue In business. The Trustees are responsible for keepSng adequate accr)unting records that are suffjclent to show and explaln the Charity's transactions and disclose wlh reasonable accuracy at any time the financial position ol the Charity and enable them lo ensure that the financial statements comply wrth the Chanlies Act 2011, the Charity (Accounts and ReFXIrt51 Regul¥tion$ 2008 and the pro¥isiorrJ of the Trust deed. They are also responslble for safeguarding the a558ts 01 the Charity and hen for taking réasonablé steps for the prevenllon and detection of and other irregularities. Approved by order of the members of the board ot Trustees arrfl sned on their behalf ty.. R•v•r•nd Slmon Tlllotson Chairman Date. i Th/1/ ¥ S Pag8J 5
THE ALM8HOUSE CHARITY OF lffVNN ELLIS INDEPENDEKf EXAMINERB RepoRT FOR THE YEAR ENDED 310ECEIABER 2023 Indep•nd•nt Eximlft•f• R•port to th• Tntste•• ol Th• Alm•hou80 Charfty 01 Wynn Elll•1lho Ch•rlty'l I report th8 charity Tru•tee$ on my examinat7 of the acwints Df the Charty for the yeer énded 31 DKemtsr 2023. Ra•pon8lbllitlo1 and of R•wl As the Tru8t80$ ol the Charity you are reswroiDle for Ihe pfvrat of the •ccounts in accoTdAnce wltii tno requirunenls of the Ch•rRb6 Act 2011 1.the 2011 Acti. I r•port in respect cl my •x8mln8bon of i.e ch¥$ accouits c8rri•J out undw s8clit)n 145 DI the 2011 Act &nd In carrying out my •X•Tnin•tsryn I hove follthv8d the ap1¢•blO Dir•ctn5 given by the Chartty Commi88ion under i•ction 14615llbl of the 2011 Act. 1Trd•pvWt EMmltt•¢• Stii•m•nt sIn the Ch•rty's gr035 incom¢ exco•d•d QS0.CM)O YQUT examiner must be a member ol • bcty Ilsted In s•cJon 145 01 2011 Act I nfIrM Ihal l am qu•lifea to undèrt8ke tho ox8minglion bKous• l Am a membèr of Instslut• of ¢h4rtor8d AGcourrtanti in Eng18nd and Wales. whKh li on• of th¢ listed IXdles. Ycur ¥ttenth?n i• drawn lo th• lact that tn• Chanty has proparott tho gccounts in accord8n¢e wrttt A¢¢ounllng and Reportlno by CharitRs. Statement of Recommended PT8ciico aptyicable ¢harilleF thlir xcounls in •ccordanG• wlth me Fin3ncial Reporting Standard applKable in the UK and Republ of ITOland IFRS 102) in praferen¢• to the kcountirq and Reportsnp tsy Charities. Siatomenl of Re¢ommended PraGli¢• ii$ugd on 1 April 2005 which Is r•lerr•d to in lh¢ ext•nt requon8 but ha• been tballn. l urKlersland that this has ba¢n ¢Jon• in ordw for the •eeounts to prov& 4 rru8 •nd f8lr view In accordance wlth tne G8n¢rally Accepted Ac¢ounliro Pr•xe effective for repDrt'.r4 periods b8ginnlng on or after 1 January 2015 I havo comrl8tod rny •xamirtth l eonffirm that no mattqrs have ejjme to my attentn in o¥)nnéction tho exomin•tlon glwng m• cause to b•lith thot in any m•ten•l rn8PKt.' accounllng fewrda not kepl In r•ip•et ol lh• Chwity •s required by secuon 130 of Ihe 2011 £t,' Cr the Kcounts do not &cord wlth ihose led, IX thè accounts do wtll the ap1¢ab requiwYnt5 conc•ming th• forrll Jnd content of aG¢ounls set out in th• Chan"ties IAccounts and Rep)rtsi Regulath)p$ 2C08 other than any requiT8mènt that the Kcuunls gN8 a 'lru fw'rf vjww Wtth ¢ not a matter 0)nsKIe 88 part ol an iTrd•pendant ex8mir0t. I have w concm8 and hove rx)me across no olher metters in wnn•Gtson with the *xarninatrJn to which 8tt•ntion should tJr8wn in this report in order lo enabl8 a ycper und¢rstandlng of Ihe accounts lo be reachg¢J. Page 6
THE ALMSHOUSE CHARITY OF WYNN ELUS INDEPENDENT EXAM114ER% REPORT ICONTINUEDI FOR THE YEAR ENDEO 310ECEM8ER 2023 This report 1$ m yjlely lo the Chaity's Trustees. as a body.. In accordance wilh Part 4 of the Ch4ri18 {Attount5 and Report51 RulatI)n5 2008. My las b••" undert*en so ttt8t I migni Bt8tO to thp Chailty, Trustoes Ih05e matters l am rèquired to state to them in an lodependvnt Ex¥mineV$ Report and for no oiher purposa. To thg t118$1 ext•nl permiled by law. I do not accept or assume ffjspw9ibi1ity' anyong utfver than itte Charity and the cnarity's Tru$tee5 a5 a trthy, for my work or for thÉs report. Si9fted. j O Ccchrane-•t 8Sc BFP FCA Dated. 10 March 2025 MHA MwJ$ton•, United K9d0Th Page 7
THE ALMSHOUSE CHARrrY OF WINN ELLIS STATEMENT QF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unr•stricted fund8 2023 Total fund8 2023 Toldl lunds 2022 Not• Incomt from: Lega¢3 Investments 282.745 $6.241 282.745 56,241 56,032 Totsl income 338,986 338,986 56,032 Exp•ndltur¢ on: Charitable actNitse$ 108.661 108,661 57,170 Total expendltur• 108.661 108,661 57,170 Net gain8 On investmènts 2.860 2,860 N•t mov•m•nt In lund• 233,185 233,180 (1, 138) R•¢on¢lllallon <rf lund•: Total funds brought fornvard Nel movément in funds 2.759,426 233,186 2,759,426 233,185 2, 76J,564 (1, 138) Total lund• carrled IornTa 2,992.611 2,992,811 2, 759, 426 The Siatemenl of Finan¢ial ktivities includes all gains and losses recognL8od In the year. The notes on pages 10 to 20 form part of these fi'nancial slatements. Page 8
THE ALMSHOUSE CHARITY OF WfNN ELLIS BALANCE SHEET AS AT 31 DECEMBER 2023 1023 2022 Note Flxed assets Investments Investment propertb8S 10 43,735 2,638,031 40,875 2.838.051 2.881.766 2,878,906 Current amet• D8blors Cash at bank and in hand 1.657 233.945 tI,2T2 235,602 11,2T2 Creditors,. amounts falling due within on• year 12 128,941) f27,648) Nel current a880ts I Ilabllltl 206,661 (10,376) Totsl •••èt• curr•nt Ilabllltl 3,088,427 2. 868.530 Creditors. amcrfjnls falling due after more than oné y•ar 13 196,8181 (IQ9. 104) Totsl not a880ts 2,992,811 2, 759,426 Ch•rlty fund8 Restricted funds 14 Unrestricted funds 14 2.992.811 2, 759,426 Totsl lunds 2.992.811 2, 759,426 The financial stslernenls We approved and aulhorised for tssue by the Trustees and Signed on their behalf by.. Revorend Slmon Tlllots¢)n Chair of Tru51ees Date: The notes on pages 10 to 20 ftTrm part of Ihe5e finanoal ststements. Pagè g
THE ALMSHOUSE CHARITY OF WYNN ELUS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢coun¢Jng policies 1.1 Ba81$ of pr•parntlon ol flnanclal 8tstoments The financial ststernenls have been prepared in accordance wth the Charities SORP IFRS 1021 Accounting and Reporting by Charities" Staternenl of Recommended Practice applicabk to charities preparin9 Iheif accounts In accordance wrtr+ the Fina131 Rèporting Stsndard applicable in the UK and Republic of Ireknd IFRS 1021 leffectNe 1 January 2019), the Financial Reporting Standard applicable in the UK and Republ of Ireland IFRS 1021 and the Charities A¢1 2011 The financial slatemenls have been prepared to give a 'true and fairf vi8w and hav8 departed from the Charities (Accounts and Reports) Regulathxs 2D08 only lo the extent required to provide a 'lrue and fair, view. This departure has invdved followng Ihe Charities SORP IFRS 1021 published in Ortober 2019 rather than the Accountng and Reporty'n9 by Charitiès" Statement of Recommend¢d Practice effective from 1 April 2005 which has since been wilhdrawn. Alrnshouse Charity of Wynn Ell meets the deffinIn of a public benefit entity under FRS 102. Assets and liabilities are Initially re¢ogni8ed al histor1 ¢o$l or tran59Ction valué unl885 otherwise stated in the rdevanl accountsng p)Iy. 1.2 Gdng ¢on¢•m The Trustees assess whether the use of going COnM is approwiate i.e whether there are any material uncertaintres related to events or corK1ibons Ihat may cast significant doubt on the ability of the TIu31 to Gonlinue as a going concem The Trustees make this 8ssessrn8nl in re8pecI of a period of ai least one year from the dale of authorisalion for issue of the financial st8temenls and have concluded Ihal the Charity has adequaie rèsourc8S to ccnbnue in operational existence for thè foreseeable futu and there are no malÈrial Uncertaint about the Charity's ability lo continue as a going concern, thus they ntsnu8 to adopt the goin9 nrn basis of accounting in preparing the financial slatemenls. 1.3 Income All In¢ome is recrynised once the Charty has entitlemènt to thè income, il 1$ probable that the income will be received ancl the amount of Income r8cÈNable can be measured reliably The recognltion of income from g3cl@S is dependent on establishing enlillement, the probabilty of receipt and the ability lo estimale with SuffleI accuracy the amount receivable Evidence of entitlement to a legacy exists when Ihe Charity has sufficient evidence that a gift ttas been left lo them Ilhrough Knowledge of the exisience of a valid will and the death ol the enefaCtor) and the exeutor is satisfied that the prorty in question will wl be required to satisfy cllaims in the estate. Receipt of a legacy mu8t be recognised when r( is probable that rt will be received and the fair value of the amount receivable. which will generally be the expected cash amount lo be distributed to the Charity, can be reliably measured. InGome tax reGoverable in relatson lo investment Income is recognised al the ts.me the investment income is receivable. Rental income in relats.on to investrnent property is recognised at the time the rental income 15 recgivablo. Page 10
THE ALMSHOUSE CHARrrY OF WYNN ELLIS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 Accountlng pollcles Icontlnued 1.4 Exp•ndlture Expenditure is recognL%ed once there is a legal or c0nstrLt1ve obligation to tr8nsfer economic benefrt lo a IAirO party. il Is probable that a transfer of econom benefits will be rèquired in selllemenl and the amount of the obligaton can measured reliabty. Expendrture Is elassified by activity. The costs of each actiwty are made up of the lotsl of direct costs and shared costs, including 5UPPOrt costs involved in undertaking each aclwily. Direct eosts attributable to a single activity arg allocated directly lo that activity. Sharad costs whh contribute lo more than one activity and support ¢osls which are not attritsble to a single activity are apportKJned betrn those activities on a basis consistent with the use of soUr8 Central staff costs are alkncated on the basi5 Df time spent, and depreciation harges allocated on the pjrt'on of the asset's use. Expenditure on raisiTrJ funds ildeS all exrKI11E incurred by tho Charity to raise funds for its charilable purposes and Includes eosts of all fundraising activilyas events and non-ch3ritable trading. Expenditure on Charitab xtsvibes is Incur on directly undertaking the aGtlvllies whlch further the Charity's objectives. as well as any associated SUPFrf)rt costs. All expenditure is inclusive of iriecoverable VAT. 1.5 Internst r•¢•lv•bl• Interest on funds held on deposit Is induded when receivable and th• amount Can be measured reliably by the Charity.. this is normally upon nolffication of the interest paid Of payable by the inslitulion witr) whom the funds are deposited. 1.6 Inv••tm•nt• Fi¥ed asset investments are a ft)mi of financial instrument and afe initially reccgni5ecl al thelr transaction cost and subsequenlly measured al fair value al the Balance Sheet dale. un18ss the value cannot be rneasurea reliably in which case rt is measured al cost less impairment. Investment gains and losses, whether realised or ur)realBed, are combined and presented as 'GainsllLossesl on inveslrnents. in the Statement of Financr41 Activities 1.7 Oebtor• Trade and other debtors are recognis8J at the setvemenl amount after any trad& dis¢ount offered. Prepayments are valued at the amount prepaid net of any Iiade discounts due. 1.8 C•8h at bAnk and In hand Castt at bank and in hand includes cash and short-terni highly liquid investments wrth a short malurty of Ihrn8 month$ or less from the date of acquisition opening of the deposit or similar account. Page11
THE ALMSHOUSE CHARITY OF WYNN ELLIS NOTES TO THE FINANCIAL 8TATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng policies Icontlnued 1.9 Liabilitlos and provlslons Liabilit185 ale recc9nised when there is an obligation at the Balance Sheet date as a result ol a past eveni, Il is probable Ihal a transfer of economic benefit will be required in Settlement. and the amount of Ibe settlement can be estimated reliably. Liabilities are recognis•d at the amount that the Charty an11paleS it will pay lo setlle the debt or the amount Il has received as advanced payrnents for the goods or servres it musl provhse. ProvL8ion$ are measuTed al thè best estimate of the amounts requirèd lo settle the obligation. Where e effect of the lime valuè of MceY Is material. the PfovL%ion is based on the present value of those amounts, discoijnled al the pre-tax diount rale that rell8ct5 the risks SFécific to the liability. The unwinding of the discount is recognised In the Statement of Financial Activities as a finance cost. 1.10 Fln•n¢l•l In•trum•nts The Charity only ha5 finan¢ral assets and financial liabilities ol a kind that qualify as baslc Inancial instruments. Basie financial in5trurnents ar• Initially recognised at transaction value and subsequently measured al their setuemènt value wilh the exception of bank loans whi¢h are Bubsequonlly measured at arnort11 cost Un9 the effecb.ve interest melhtsj. 1.11 Fund aecountlng Ganeral funds are Un$trled funds which are availaL4e for use at the discretion of the Trustees in furtherance of the general objectives ol the Charity and which have not Jeslgnated for other purposes. Investment income, gains and losses ar8 allocated ts the appropriatè fund. Crltlcal accountlTrJ e•tlmal•s and •r•a¥ of judgement There are signifKant judgements and eslimates invc4ved in valuing the properties whF¢h may be subject to uncertainty in outcome, including market rental rates. property appreciation raies, and the climale of the proFerty market in general. Pag8 12
THE ALMSHOUSE CHARrrY OF WYNN ELLIS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Income from1•g0¢i•S Unrestrlct•d funds 2023 Totsl fund• 2023 Total funds 2022 Legacies 282,745 292,745 Total 2023 282,745 282,745 Total 2022 Inv•8lmant Incom• Unr•strlcted funds 2023 Totsl fund8 2023 Total funds 2022 Income from inveslm8nt propertie8 Income from listed investments Interest receivable 55,590 325 326 65,890 326 326 55,685 323 24 Total 2023 56,241 56,241 36,032 Tot812022 56,032 56,032 Page 13
THE ALMSHOUSE CHARITY OF WYNN ELLIS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysls of expendlturo on charftabl• a¢tivili Summary by fund typ• Unre•tflcted funds 2023 Total 2023 Total 2022 Direct costs 108.661 108.661 57,170 Total 2023 108,861 108.661 57.1TO Total 2022 57.170 57,170 Anaty81• of expendltur• by a¢tfvltle8 Act+vltlo• undortak•n dlrèctty 2023 Support ¢06ts 2023 Total fund• 2023 Tolai funés 2022 Dlrect cosly 49.744 58,917 108.661 57,170 Totsl 2023 49.744 58.917 108,661 57,170 Total 2022 10,539 46,631 57,170 Page 14
THE ALMSHOUSE CHARITY OF ¥VYNN ELLIS NOTES TO THE FINANCIAL STATEIAENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analy818 of expenditure by activitie8 {continued) Analysis ol dlrnct costs Total lundb 2023 Total fvnds 2022 Actlvltl•s 2023 Propety repairs Property insurance Other property èXFenses Lifeline rental Loan interest 39,582 1,091 3,849 1,332 3,89) 39,582 1.091 3,849 1.332 3,890 5, 758 1,857 1,449 1.475 Total 2023 49,744 49,744 tO,539 Tolal 2022 10.539 10,539 An•lyal• of •upport ¢o•ts Total fund8 2023 Tclal fvnds 2022 A¢Wvltl•• 2023 Furfey Page prOfeSsnal fees Independent examiners fees Sundrie¥ 53,786 4.488 53,786 4,488 843 43,337 2, TOO 594 Totsl 2023 58,917 58,917 46,531 Total 2022 46.631 46,631 Page15
THE ALMSHOUSE CHARif( OF TKfNN ELLIS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2023 Independent gxamln•rf• r•mun•raiion 2023 2022 Fees payable lo the Charity's independent examu)ef fo( thè independent examination of the Charty'5 annual &counts 4,488 2, 700 Tru•tMs' r•muneratlon and exp•n•o8 During the year, no Trustee5 received any r•munefats"on or other benefits (2022- £NILJ. Durin9 the year ended 31 t)ecember 2023. no Trustee ex¢en5es have been incurred (2022- £NIL) InvMtm•nt propertl•• Freehold Investm•nt prowrty Land Total Valuatlon At 1 January 2023 1,892.021 946,010 2,838,031 Al 31 Decembèr 2023 1,892,021 946,010 2,838,031 The properties have been reflected in the accounls at open market value for existing use basis, as estimated by the Trustee5, a#Jed by valuaiions undertaken by an independent profe55ional valuers. Pag8 16
THE ALMSHQUSE CHARITY OF WYNN ELUS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 10. Flxod assèt invostments Llsted Inve6tmentB Co8t or valuation At 1 January 2023 Revaluations 40.875 2,880 At 31 Decembèr 2023 43,736 Nat book vJlu• Al 31 December 2023 43,735 At 31 D8c*mber 2022 40,875 11. DebtorJ 2023 2022 Duo wllhln on• y•ar Prèpayments 1,687 1,857 Page 17
THE ALMSHOUSE CHARtTY OF WYNN ELLIS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 12. Credttorn: Amounts falllng duo wlthln ¢)n• y•ar 2023 2022 CCC Loan Accruals 21,473 7N68 f7,178 4,4TO 28,941 21,648 13. Cr•dltord: Amounts falllng du• aft•r mor• th•n on• yg•r 2023 2022 CCC Loan 95.816 109,104 14. 8tatoment ot fundi stst•m•nt ol fynd• - ¢urr•nt y•ar Balance at 31 Galnw Docember ILo•M•} 2023 Balance at 1 January 2023 Incom• EXPdr• Unrestrlcted funds General Funds 2,7SgA26 338,588 1108,6611 2,860 2.992,611 Staternent of lunds - prlor y1 BalanGe al 31 Decembei 2022 Balance at 1 January 2022 Income Expenclitu UnM8trlctod fund4 General Funds 2, 760,564 56.032 {57, 170) 2, 759,426 Page18
THE ALMSHOUSE CHARITY OF WYNN ELUS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER XI23 15. Summary offunds Summary of funds- currnnt year Balanco at 31 Galnsl December {LoeI 2023 Balance at 1 January 2023 Incomfr Expondrtur• General fvnds 2.759A26 338.986 (108.661 2,860 2,992,611 Summary ol lund8- prlory•*r 88lanG8 81 31 December 2022 Balance al l January 2022 Incom8 Exp6nditur8 General fvnds 2, 760. 564 56, 032 (57, 170) 2, 759,426 Page 19
THE ALMSHOUSE CHARITY OF WYNN ELLIS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16. Ana1* of net ass•ts b•lw••n fvnds Analys18 of n•t aM8ts bolw••n fund• - curvent year Unre8trt¢t•d funds 2023 Totsl fund8 2023 Listed Inv85tments Investment propertses Current assets Creditors due wiihin one year Creditors due in more than on• year 43,736 2,838,031 235,602 128,941) 195,8161 43.735 2,838,031 235,602 128,9411 {95,8161 Tot•1 2,992,611 2,992,611 Analy818 ol n•t a•••ts botWOgn fund• - pthir y•ar Unrastrictgd funds 2022 Total fund 2022 Llsl8tJ inveslmenls Investment proFWties Current assets Creditors due within one year Creditors due in moTe than one year 40,875 49,875 2,838.037 2, 838,031 11,272 11,272 (21,648) f21,648) (109, 104) f109, 104) Total 2. 759.426 2, 759,426 17. R•lat•d party transaction¥ The Charity has not entered into any r81ated party transaction during the year. nor are th8re any outstanding balances owing beeen related parties and the Charity al 31 Oeceml)er 2023. Page 20