Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
**Charity number: 209247**
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
## **INDEPENDENTLY EXAMINED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
|**CONTENTS**||
|---|---|
||Page|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Trustees' Report**|2 - 5|
|**Independent Examiner's Report**|6 - 7|
|**Statement of Financial Activities**|8|
|**Balance Sheet**|9|
|**Notes to the Financial Statements**|10 - 20|
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Trustees**|Reverend Simon Tillotson, Chairman|
|---|---|
||Valerie Kenny, Trustee|
||Robert Sissons, Trustee|
||Ian McCartney, Trustee|
||Howard Barker, Trustee|
|**Charity registered**
**number**
209247
**Principal office**
PO Box 1247
Whitstable
Kent
CT1 9UT
**Independent examiner**
MHA
Lyndean House
30-32 Albion Place
Maidstone
Kent
ME14 5DZ
**Bankers**
CAF (Charities Aid Foundation)
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4TA||
Page 1
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024**
The Trustees present their annual report together with the financial statements of the Charity for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's constitution, the Charities Act 2011 and the Charities Statement of Recommended Practice (2019) and Financial Reporting Standard FRS 102.
## **Objectives and activities**
## **a. Policies and objectives**
The objectives of the Charity are to maintain The Wynn Ellis Almshouses in order to provide accommodation for elderly people in Whitstable, Kent.
## **b. Strategies for achieving objectives**
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **c. Activities undertaken to achieve objectives**
The Clerk and Trustees will hold regular meetings and be available to discuss matters on a daily/weekly basis to ensure that any problems are dealt with immediately. They will adhere to the Almshouse Association guidelines on tasks to be completed weekly, monthly and annually. They will make regular visits to the Almshouse and address any problems that the residents may have. All property issues will be dealt with immediately to ensure that good living conditions are maintained.
## **d. Main activities undertaken to further the Charity's purposes for the public benefit**
The Charity continues to provide housing for those people in need in Whitstable. The Almshouse flats have all been occupied throughout the year, and the benefit to the public is that they provide a safe and comfortable residence at a low cost to single ladies in Whitstable, who have little capital and income.
## **Achievements and performance**
## **a. Main achievements of the Charity**
The Clerk and Trustees pride themselves on providing good living conditions for the residents and at a low rent. It is an objective to keep rents low and to ensure that all the residents are happy in their surroundings. The Clerk and Trustees always respond to any fabric of building problems immediately.
Page 2
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
The Clerk and Trustees regularly review the reserve funds to ensure that adequate funds will be available for any emergency. The reserve funds are managed carefully ensuring that they receive a good rate of interest for any investment without any risk being involved.
In our last financial year, we have received £4,088 in donations (2023 - £Nil), £Nil (2023 - £282,745) in legacies and £65,703 (2023 - £56,241) in investment income. The majority of our income goes towards properties maintenance.
At the year end, the Charity had a surplus of unrestricted funds totalling £3,103,028 (2023 - £2,992,611), and restricted funds of £Nil (2023 - £Nil).
## **c. Principal risks and uncertainties**
The Trustees have considered the major risks to the Charity and have taken the action they consider necessary to maintain the Charity's income in order to achieve its objectives.
## **Structure, governance and management**
## **a. Constitution**
The Almshouse Charity of Wynn Ellis is a charitable unincorporated organisation, with charity number 209247 governed by the Charity Commission. The address of the principal office is PO Box 1247, Whitstable, Kent CT1 9UT.
## **b. Methods of appointment or election of Trustees**
The Trustees will appoint new trustees as and when necessary, and when one of the existing Trustees resigns. A new Trustee will be appointed by being duly proposed and seconded at a meeting of the Trustees. No training is necessary. However, a full understanding of the Charity Trust Deed is necessary.
Trustees are kept up to date as their receive regular updates from the Charity Commission.
Page 3
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Structure, governance and management (continued)**
## **c. Organisational structure and decision-making policies**
The Trustees meet at least three times a year. At these meetings, the Trustees agree the broad strategy and areas of activity for the Charity. The Trustees review policies and performance, the day-to-day delivery, and the financials of the Charity.
The Trustees consider the board of Trustees and the Chairman as comprising the key management personnel of the Charity in charge of directing and controlling the Charity and running and operating the Charity on a dayto-day basis. All Trustees give of their time freely and no Trustee remuneration was paid in the year. Trustees are required to disclose all relevant interests and register them with the Chairman and in accordance with the Charity’s policy withdraw from decisions where a conflict of interest arises.
## **d. Policies adopted for the induction and training of Trustees**
On appointment, new Trustees sign a Trustee declaration statement committing them to giving of their time and expertise. There is a formal induction programme for any newly appointed Trustee, which includes an initial meeting with the Chairman and the Trustees, followed by a series of short meetings with the Chairman to gain a greater understanding of the charitable purposes and responsibilities of the Trustee. They are tasked with familiarising themselves with the governing document, review previous meetings minutes and the financial history of the Charity.
## **e. Related party relationships**
The Charity is not part of a wider network.
## **f. Financial risk management**
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Page 4
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ **Reverend Simon Tillotson** Chairman Date: October 30, 2025
Page 5
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Independent Examiner's Report to the Trustees of The Almshouse Charity of Wynn Ellis ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024.
## **Responsibilities and Basis of Report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Page 6
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
**INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: October 31, 2025
Duncan Cochrane-Dyet BSc BFP FCA
## **MHA**
Maidstone, United Kingdom
Page 7
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Note**
**Income from:**
Donations and legacies
3
Investments
4
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
Net gains on investments
10
Gains on revaluation of investment properties
11
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
**4,088**
**65,703**
**69,791**
**56,991**
**56,991**
**2,826**
**94,791**
**110,417**
**2,992,611**
**110,417**
**3,103,028**|**Total**
**funds**
**2024**
**£**
**4,088**
**65,703**
**69,791**
**56,991**
**56,991**
**2,826**
**94,791**
**110,417**
**2,992,611**
**110,417**
**3,103,028**|_Total_
_funds_
_2023_
_£_
_282,745_
_56,241_|
|---|---|---|---|
||||_338,986_|
||||_108,661_|
||||_108,661_|
||||_2,860_
_-_|
||||_233,185_|
||||_2,759,426_
_233,185_|
||||_2,992,611_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 20 form part of these financial statements.
Page 8
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
## **BALANCE SHEET AS AT 31 DECEMBER 2024**
|**Note**
**Fixed assets**
Investments
10
Investment property
11
**Current assets**
Debtors
12
Cash at bank and in hand
**Current liabilities**
Creditors: amounts falling due within one
year
13
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling due after more
than one year
14
**Total net assets**
**Charity funds**
Restricted funds
15
Unrestricted funds
15
**Total funds**|**1,280**
**232,526**
**233,806**
**(21,913)**|**2024**
**£**
**46,561**
**2,932,822**
**2,979,383**
**211,893**
**3,191,276**
**(88,248)**
**3,103,028**
**-**
**3,103,028**
**3,103,028**|_1,657_
_233,945_
_235,602_
_(28,941)_|_2023_
_£_
_43,735_
_2,838,031_
_2,881,766_
_206,661_
_3,088,427_
_(95,816)_
_2,992,611_
_-_
_2,992,611_
_2,992,611_|
|---|---|---|---|---|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................
## **Reverend Simon Tillotson**
Chair of Trustees Date: October 30, 2025
The notes on pages 10 to 20 form part of these financial statements.
Page 9
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Almshouse Charity of Wynn Ellis meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.
## **1.2 Going concern**
The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Trust to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Rental income in relation to investment property is recognised at the time the rental income is receivable.
Page 10
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. Accounting policies (continued)**
## **1.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **1.5 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **1.6 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.
## **1.7 Investment property**
Investment property is carried at fair value determined annually. No depreciation is provided. Changes in fair value are recognised in the Statement of Financial Activities.
## **1.8 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.9 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 11
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. Accounting policies (continued)**
## **1.10 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
## **1.11 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **1.12 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
## **2. Critical accounting estimates and areas of judgement**
There are significant judgements and estimates involved in valuing the properties which may be subject to uncertainty in outcome, including market rental rates, property appreciation rates, and the climate of the property market in general.
Page 12
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **3. Income from donations and legacies**
|Donations
Legacies
**Total 2024**
_Total 2023_
**Investment income**
Income from investment properties
Income from listed investments
Interest receivable
**Total 2024**
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
4,088
-
4,088
_282,745_
**Unrestricted**
**funds**
**2024**
**£**
64,903
329
471
65,703
_56,241_|**Total**
**funds**
**2024**
**£**
**4,088**
**-**
**4,088**
_282,745_
**Total**
**funds**
**2024**
**£**
**64,903**
**329**
**471**
**65,703**
_56,241_|_Total_
_funds_
_2023_
_£_
_-_
_282,745_|
|---|---|---|---|
||||_282,745_|
||||_Total_
_funds_
_2023_
_£_
_55,590_
_325_
_326_|
||||_56,241_|
|||||
## **4. Investment income**
Page 13
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **5. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Direct costs
**Total 2024**
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
56,991
56,991
_108,661_|**Total**
**2024**
**£**
**56,991**
**56,991**
_108,661_|_Total_
_2023_
_£_
_108,661_|
|---|---|---|---|
||||_108,661_|
|||||
## **6. Analysis of expenditure by activities**
|Direct costs
**Total 2024**
_Total 2023_|**Activities**
**undertaken**
**directly**
**2024**
**£**
36,894
36,894
_49,744_|**Support**
**costs**
**2024**
**£**
20,097
20,097
_58,917_|**Total**
**funds**
**2024**
**£**
**56,991**
**56,991**
_108,661_|_Total_
_funds_
_2023_
_£_
_108,661_|
|---|---|---|---|---|
|||||_108,661_|
||||||
Page 14
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **6. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Property repairs
Property insurance
Other property expenses
Lifeline rental
Loan interest
**Total 2024**
_Total 2023_
**Analysis of support costs**
Furley Page professional fees
Independent examiners fees
Sundries
**Total 2024**
_Total 2023_|**Activities**
**2024**
**£**
21,170
2,202
6,544
1,258
5,720
36,894
_49,744_
**Activities**
**2024**
**£**
15,422
4,128
547
20,097
_58,917_|**Total**
**funds**
**2024**
**£**
**21,170**
**2,202**
**6,544**
**1,258**
**5,720**
**36,894**
_49,744_
**Total**
**funds**
**2024**
**£**
**15,422**
**4,128**
**547**
**20,097**
_58,917_|_Total_
_funds_
_2023_
_£_
_39,582_
_1,091_
_3,849_
_1,332_
_3,890_|
|---|---|---|---|
||||_49,744_|
||||_Total_
_funds_
_2023_
_£_
_53,786_
_4,488_
_643_|
||||_58,917_|
|||||
Page 15
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **7. Independent examiner's remuneration**
||**2024**|_2023_|
|---|---|---|
||**£**|_£_|
|Fees payable to the Charity's independent examiner for the preparation and|||
|independent examination of the Charity's annual accounts|**4,128**|_4,488_|
## **8. Staff costs**
The charity had no employees during the year (2023 - NIL). All activities are undertaken by the trustees on a voluntary basis.
## **9. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ .
During the year ended 31 December 2024, expenses totalling _£_ 15 were reimbursed or paid directly to 1 Trustee _(2023 - £NIL to Trustee)_ for travel costs.
## **10. Fixed asset investments**
|**Cost or valuation**
At 1 January 2024
Revaluations
At 31 December 2024
**Net book value**
At 31 December 2024
_At 31 December 2023_|**Listed**
**investments**
**£**
**43,735**
**2,826**|
|---|---|
||**46,561**|
||**46,561**|
||_43,735_|
Page 16
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **11. Investment properties**
|**Valuation**
At 1 January 2024
Revaluations
At 31 December 2024|**Freehold**
**investment**
**property**
**£**
**1,892,021**
**63,194**
**1,955,215**|**Land**
**£**
**946,010**
**31,597**
**977,607**|**Total**
**£**
**2,838,031**
**94,791**|
|---|---|---|---|
||||**2,932,822**|
The properties have been reflected in the accounts at its valuation for insurance purposes and confirmed by the Trustees.
## **12. Debtors**
|**Due within one year**
Prepayments|**2024**
**£**
**1,280**
**1,280**|_2023_
_£_
_1,657_|
|---|---|---|
||||
|||_1,657_|
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Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **13. Creditors: Amounts falling due within one year**
|Loan
Trade creditors
Accruals and deferred income
Deferred income during the year|**2024**
**£**
**13,288**
**481**
**8,144**
**21,913**
**2024**
**£**
**1,200**|_2023_
_£_
_21,473_
_-_
_7,468_|
|---|---|---|
||||
|||_28,941_|
|||_2023_
_£_
_-_|
One of the almshouse tenants pays their rent in advance on an annual basis. The amount received in respect of rent relating to the following financial year has been deferred and is included within creditors as deferred income at the year end. This treatment ensures that rental income is recognised in the period to which it relates.
## **14. Creditors: Amounts falling due after more than one year**
||**2024**|_2023_|
|---|---|---|
||**£**|_£_|
|Loan|**88,248**|_95,816_|
The loan from Canterbury City Council is an unsecured term loan with the final payment due on 30 September 2031, bearing interest at 4.68%.
Page 18
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **15. Statement of funds**
## **Statement of funds - current year**
||||||**Balance at**|
|---|---|---|---|---|---|
||**Balance at 1**||||**31**|
||**January**|||**Gains/**|**December**|
||**2024**|**Income**|**Expenditure**|**(Losses)**|**2024**|
||**£**|**£**|**£**|**£**|**£**|
|**Unrestricted funds**||||||
|General Funds|**2,992,611**|**69,791**|**(56,991)**|**97,617**|**3,103,028**|
|**Statement of funds - prior year**||||||
||||||_Balance at_|
||_Balance at_||||_31_|
||_1 January_|||_Gains/_|_December_|
||_2023_|_Income_|_Expenditure_|_(Losses)_|_2023_|
||_£_|_£_|_£_|_£_|_£_|
|**Unrestricted funds**||||||
|General Funds|_2,759,426_|_338,986_|_(108,661)_|_2,860_|_2,992,611_|
Page 19
Docusign Envelope ID: B985ADF3-4826-497D-889F-7AEF1C9B68D9
## **THE ALMSHOUSE CHARITY OF WYNN ELLIS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **16. Analysis of net assets between funds**
## **Analysis of net assets between funds - current period**
|**Unrestricted**
**funds**
**2024**
**£**
Listed investments
46,561
Investment properties
2,932,822
Current assets
233,806
Creditors due within one year
(21,913)
Creditors due in more than one year
(88,248)
**Total**
3,103,028|**Total**
**funds**
**2024**
**£**
**46,561**
**2,932,822**
**233,806**
**(21,913)**
**(88,248)**
**3,103,028**|
|---|---|
## **Analysis of net assets between funds - prior period**
|Listed investments
Investment properties
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**|_Unrestricted_
_funds_
_2023_
_£_
_43,735_
_2,838,031_
_235,602_
_(28,941)_
_(95,816)_
_2,992,611_|_Total_
_funds_
_2023_
_£_
_43,735_
_2,838,031_
_235,602_
_(28,941)_
_(95,816)_
_2,992,611_|
|---|---|---|
## **17. Related party transactions**
The Charity has not entered into any related party transaction during the year, except for reimbursement of out of pocket trustee's expenses as disclosed in note 9, nor are there any outstanding balances owing between related parties and the Charity at 31 December 2024.
Page 20