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 aC￿anCe wth the accounting policies sel out in note 1 to the accounts ané comply wlh the Chanty's c￿StIlutI0n. the Charities Act 2011 and the Charities Ststement tsf Recommended Practice120191 and Finanrial Reporting s￿ndard 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 $etting objectives and planning for activit￿5, the Tru5tee$ have given due Consideration to general guidance publishèd by the Charty c(ffimi5Sbon rektsng to public benefiL ir￿ludIng the guidance 'Public benefit, running a Gtrarity IPB2I' c. Aetlvlt10• undertaken to achl•v• obJ•¢tlve• The Clerk and Trus18es will hold regU￿r 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$u8s wll be do8lt vAth immediately to 8nsur• thai good living confjitlons are maintained. d. M•Sn actlvltl•• und•rt•kèn to lurth•r the Charlty'8 purposes for th• publlG b•n•fft The Charity contsnues to provide hOU￿n9 for those peoF4e in need In Whilslable The Alm$house flats have all been occupled throughout the year, and the tenefit lo the public is Ihal they proV￿e a safe and comfortsble residence at a low cost to single ladies in WhIts￿ble. 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 a￿ayS 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•$•r4•G poII¢y The Clerf( and Trustees rogularty rwtw the reser¥e ftjnds lo ensufe that adequate funds will be available for any emefgency. The reseNe funds are manage¢J carefully ensuring Ihal thèy r￿e¢ve a good rale of interest for any investm&nl without any Tisk teing Invofved. In our last financial year, we have receNed £282.745 12023 £Nil) In legacies and £56,241 12023 £56.0321 in investment income. The maityity of ￿r income goes towards prop¥b8s rnaintenance. Al the year end, the Charity had a surplus of unrestn¢tsd funds lotalling £2,992.611 12023 - £2,759.428 surplu51. and restricted funds of £Nil12023 . £Nil} c. Prlnclpal rf8ki and uncort•lnlle• The Trusteè8 have ¢on$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$bJer Ihè board of TpJstees and the Chairn￿n as comw'sing the key management personnel of the Charity in Gharge of directsng and controlling the Charity and running and operating the Charity on 3 d8y-to- day basis AJI Trustees give of their lime freely ané no Trustee remuneration was paid in the year Trustees are roquir8d lo disclose ￿1 relevant Inter￿ts and ￿l$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 ne￿orf1. 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 P￿paring the Trustees. Report an(J the financial $talerrwts in accordance with applicable law and United Kingdom Accounting Standards Iunited ￿ngdoM Generally Acceptèd Accounbng Practice). The pew applic8ble lo charllles in England & Wales requires the Truslees lo prepare financial statements for each financial year which give a true and tsir wew of the stale of affairs of the Charity and of its incoming resources and applicatyon of resources, includiryJ rts income arKI expenditure, for that perKJd. In preparing these financLal statèments. the Trustees are ￿Uired lo.. select suitable accountsng p)IKies and Ihen appW them consistenly., obsefve the methods and pnnciples of the Charities SORP IFRS 1021.. make judgements and xcounling estimates that are reasonable and prudentr, stale whether applicable UK ACt￿Unting standards IFRS 1021 have been lollov*d, subjÈct to any mat8rial departures disclosed and explained in the financial statements", Prepare the financial statements on the going concem basis unless il is inappropriate to prè$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 s￿ned 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 examinat￿7 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 ap￿1¢•blO Dir•ct￿n5 given by the Chartty Commi88ion under i•ction 14615llbl of the 2011 Act. 1Trd•pv￿Wt 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 IX*dles. Yc*ur ¥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$ugd on 1 April 2005 which Is r•lerr•d to in lh¢ ext•nt requ￿￿on8 but ha• been ￿tball￿n. l urKlersland that this has ba¢n ¢Jon• in ordw for the •eeounts to prov￿& 4 rru8 •nd f8lr view In accordance wlth tne G8n¢rally Accepted Ac¢ounliro Pr•xe effective for repDrt'.r4 periods b8ginnlng on or after 1 January 2015 I havo comrl8tod rny •xamir*tth l eonffirm that no mattqrs have ejjme to my attent￿n in o¥)nnéction tho exomin•tlon glwng m• cause to b•lith* thot in any m•ten•l rn8PKt.' accounllng fewrda not kepl In r•ip•et ol lh• Chwity •s required by secuon 130 of Ihe 2011 *£t,' C*r the Kcounts do not &cord wlth ihose le￿d￿, IX thè accounts do wtll the ap￿1¢ab* requiwY*nt5 conc•ming th• forrll Jnd content of aG¢ounls set out in th• Chan"ties IAccounts and Rep)rtsi Regulath)p$ 2C08 other than any requiT8mènt that the Kcuunls gN8 a 'lru* fw'rf vjww Wtt￿h ¢ not a matter 0)nsKIe￿ 88 part ol an iTrd•pendant ex8mir0t￿. I have w conc*m8 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 Ch4ri1*8 {Attount5 and Report51 R￿ulatI)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 t￿118$1 ext•nl permiled by law. I do not accept or assume ffjspw9ibi1ity'￿ anyong utfver than itte Charity and the cnarity's Tru$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 K￿9d0Th 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