REG￿TERED CHARrfY NUMBER: 213327
REPORT OF THE TRusfELS AND
UNAUDITED FINANCIAL sfATEMEpirs
FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
WALTHAM ABBEY NON.EDUCATIONAL PAROCHIAL
CELIEUTIES

WALTHAM ABBEY NON-EDUCATIONAL PAIiOCHIAL CUARITIES
REFERENCE AND ADMINISTRATIVE DETAILS
Registration5
Alinshouse Associ21ion Number 1791
Chariiy Commission Number 213327
Pritlcipal OIYJce
F1211cis Greene House
Grove Court
Waltham Abbey
Essex
EN9 IBP
Tru$tee$
L AndeTson
Acaw
JLaw
N P£ge
A Rownlree
P H Stnith
Chair frojn 13 December 2023
Waltham Abbey Town Clerk
Retired on 26 May 2023
Chair to 13 December 2023
M8nAgfftng Agents
Harrison Housing
46 St Jarties's Gardens
Londoll Wl14RQ
K Dowlath FCCA
M Coleman FBP FCA DChA
P Green
A Rob50n-Young FCCA
Chief Executive {llnlil 8 September 2023)
Dire¢lor of Finance (until 8 November 2023)
Interim Chief Execuhve {from 30 October 20231
Interim Finance Director (from 30 October 2023)
Independent Ex&maner
Ricklee FCA
Alwin's LLP
Charteied Accountatjts
Crown House
151 High Road
Loughton
Essex
IG104LG
Banken
HSBC Bank
45 High Street
Hoddesdon
H¢rtfordshire
￿￿11 8TA
Page I

WALTIIAM ABBEY NON-EDUCATIONAL PAROCHIAL CHARt'riES
REPORT OF THE TRUSTEES
for the Year Ended 31 December 2023
The Trustees present their annual report along with the financial 5taterllents of the cliarity for the year ended 31 De¢einber2023. The
report includes details of ihose activities undertaken by the charity to further its charitable pu￿OseS forthe public benefit. They have
also Complied with the duty in the Charities Act 2011 to have regard lo pllblic benefit guidance published by the CotThinission.
CONSTITUTION, C14ARITABLE OBJEcfs AND ACTIVITIÉS
Waltham Abbey Non-Edu¢alional Paro¢hial Chariti¢% {"IheCharity") was established iii 1894 25 WaItham Abbey Parochial Charities
under a scheme of the Charity Commissioners. The sChe￿e was varied in 1912 and registered wsth the Charity Commission on 17
January 1963 undei it5 present name. The Charity ¢Otnpri5e5 16 constituent charities, including GTeEn's Alinshollses, which was
originally est8blished in 1626 by Francis GreeDe, Purveyor to Kin8 James l.
The PTimary PUTpose of tlie ChaTity is to provide accommodation to poor persons of good character. The Charity provides I I
altll5houses built in 1992 known a5 FTanci5 Greene House in WalthaTn Abbey lo fulfill its purpose.
GOVERNANCK AND MANAGEMENf AR￿NCEMENrS
Admini51Tatitsn of the Charity is carried out by Ltp to 10 truste￿ appointed as follows..
{i) Three ex-officioTrustees, being the Rector of the Parish Chllrcli of theHoly Cross ￿ld St. LawiEnce Waltham Abbey, theTown
Clerk of Waltham Abbey and a minister or representative of "Churches Together" iii Waltham Abbey,.
{ii) Five Repre8¢Thtalive Trustees appointed by th¢ Waltham Abb¢y Town Council. Each appoiiitment being for a term of 4 years.
(iii) Two Co-Optah"ve Trustees, being peTsons residing or carrying on business in or near the Parish of Waltham Holy Cros
appointed for a tenn of 5 yeaT5 by a resolution of the Tru5tee5.
Upon a va¢ancy arising, efforts are made to appoint a new trustee with relev8nt skills and backgrollnd, having regard to the activiti
of the Charity and the need to maintain 8 diversity of skills among the trustees. There is no formal inductlOTi OT training bul the
existing ITUStees seek to ensure that all trustees are aware of their duties and are equipped with the knowledge to Ca￿ them out.
The tnjslees who served during the year ended 31 Decetnkr 2023 are shown on page l of this report, as well as any ¢hange5 in
trustees after the year end.
Usually, the Iruslees meet quarterly to tnake decisions of policy and allo¢aiions, monitorperfomian¢e, managt risk, receive accounts,
and appTove the budget and any significant eKpenditure. Day-to-day tnanagetnent 15 delegated to the tnanaging ageni, HaTrison
Housing. Repre5entative5 of the managing agent attend rneetings of tTUSte&s but have no voting right5. The use of a managing agent
ertabl¢s the Charity to b¢Jiefit froin professional man2gemenl.
PURPOSE, OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT
The T￿SteeS have considered the Charity Cominission guidance on public benefit and consider that the activities of the charity meet
its tharitable objects and provide a benefit to the public.
AcHIE￿￿MENfs AND FLrruRE PLANS
Income from residents. Contributions for accommodation was £101,522 12022= £105,130). Thc decrease was because of two
properties weie untenanted during part5 of the year. The Weekly Maintenance Contributions ale reviewed annually by the Trustees
with new rates applied frorn l October each yeaT. The Charity occupancy rate wa5 92 % in 202312022.. 99.50/0) which is below the
Cliarity's target rate of 980A.
Expenditure on Charitable Aclivilie5 wa5 £118.872 (2022.. £117.8571. An analysi5 of these C0515 15 shown in note 6 on page I l. The
¢osts of repairs, particular the repair of empty properties (voids) has significantly increased year on y&qr. The in¢ieased c051 of
empty propcrties combined with the10&8 of ineome has resuli¢d in a loss before transfers and investm¢nls of £12.564.
The investment portfolio performed better in 2023 and retumed a net gain of £3.552 co]npared with a net loss of £5,029 in 2022.
Financial markets remained unstable during 2023 as a number of intemalional economics are suffering from the effects of higher
than usual inflation and interest lates.
Page 2

WALTHAM ABBEY NON-EDUCATIONAL PAROCHIAL CHAIUTIES
REPORT OF THE TRUSTEES
for the Ye
r Ended 31 December 2
The value of the Cyclical RepaiT5 Fund at the start of the year was £84.000 and a planned transfer of £5.000 per year has incieased
the balance to £89.000. This is because the long-temi Maintenance Plan suggests that tepaits in 2027 might cost as much as £99,￿)0.
The Extraordinary Rep￿r5 Fund liolds a further balance of £60,380 to provide additional support if required. A transfeT of £9,187
representing the depreciation on assets acquired using the grant money received has bcen made from the Social Hou5in8 Grdnt5 Fund
to the Geiieral Re5erve5.
RESER￿ POLICY
Designated re5erve5 are maintained based onguidanceissued by tbe AlmshouseAs50ciation for expenditure on ¢y¢li¢al maintenance
and extraordinary repairs of the Charity's properties.
The Ttustees have reviewed the reserves policy and consider it prudent to keep sufficient geneTal ieserves. not invested in tangible
rixed assets to enable the pay]nenl of rUt￿l￿g costs for a mSRiTnum of12 tnonths. At the present lime the policy connol b¢ achieved
but the TnJ5tees rejnain coiifident that the Charity h&s sufficient working capital as a large percentage of its income comprise5
Housing Benefit.
RELATED PARTY TRANSAcfJoNS
There were no transactions with related partie5 during the P￿lod.
RtSK POLICY AND RISK MANAGEMENT
The Tnjstees have reviewed the Risk Register whieh seeks to identify the significant risks to which the Charity is
exposed and have the plans in pla¢e to mitigate those risks. The risks reviewed include tho.se relating to the operations
and finance5 of the Charity and they are satisfied that systetns in place adequately Tnitigate those risks. iievised
PTocedure5 are in place to ensuie compliance with htralth and safety of resident5. Staff. and volunteers.
STATFMENf OFTRUSTEFS RFSPONSIBILITIES
The trustee5 are responsible for prepaTing tlie Report of the Tru5tecs and the financial statements in accordance with applicable law
and regulations. The law applicable lo charities in Eiigland & Wales requires the trllstees lo prq)are financial statements for each
fillancial yearin a¢cordante with Uniied Kingdom Generally Accepted Aecounitng Praciice (United Kingdom Accounting StEndards
and applicable law). The ttustees must not approve the financial statements unlebs they are satisfled Ihai they give a true and fair
view of the Stale of affair5 of the charity and of the inco]n2ng ie50ur¢es and application of resource5. including th¢ income and
expenditure, of the charity for tliat period.
tn preparing these financial staiements, the trustees ore required to..
select suitable accounting policie5 and apply thern con5i5tently.'
observe the methods and principles in the Charities SORP,.
ake judgments and accounting e5tiTnates that are ieasonablc and prudellt..
state whether applicable UK Accounting Standard5 have been followed, subject to ally material departu
PTepare the financEal slatetnents on the going conceTn basi5 unles5 it Is inappropriate to presume that the charity
will continue to operate.
The trustees are responsible for keeping sutTi¢ient a¢¢ounting re¢ordsthatdisclose with reasonable ae¢uTaCy at any time the finan¢ial
position of the charity and enable them 10 ensure that the fEnancial state]nent5 comply with the Charities Aci 2011, the Charity
IA¢¢ounls and R¢portsl Regulaiions 2008 and the provisions of the tnjsl deed. They ar¢ also r¢$ponstble for safeguarding the a55ets
of the chariiy and hence for taking reasonable st¢P.g for the prevention and detection of fraud and other irregulaTitie5.
ON BEHALF OF THE BOARD:
ThUSTEE
Dated.. l May 2024
Page 3

WALTHAM ABBEY NON-EDUCATI
NAL PAROCHIAL CHARJTtES
Independent Examiner'5 Report to theTrustees of W&lthamAbbey Non-Edlleational PHrochlal Charities
I report to the chatity trustees on my examination of the financial st*ments of the Charity for the year end¢d
31 D￿eMber 2023 which cotnprise the Statement of Financial Activitie5. the Balance Sheet. the Statement
of Cash Flows and related notes.
This report is made solely to the charity's tn]ste¢s, as a body, in a¢¢ordan¢e with Section 145 of the Charities
Act 2011. My work has been undertaken so that I might State to the charity'5 tr115tees thosc matters l am
required to state to them in this report and ftsT no other PUTPOSe. To tlie fullest extent pertnitted by law, I do
not accq)t or assume responsibility to anyone other tliaii the charity ajid the charity's trustee5 as 8 body. for
my work, for this report, or for the opiiiions I liave formed.
RespoDsibilitie5 ba515 of report
As the trustees of the Charity you are responsible forthe pr¢paralion of the financial statements in aecoTdance
with the requiTements of ihe Charities Act 2011 I'the Act'l.
I report in respect of my examination of th¢ charity's financial statements carried out ullder seetion 145 of
the Charities Aci 2011 ('the 2011 Act'l and iji carying out my ex￿ni￿ation I liave followed all the applicable
Directions given by the Charity Commission under section 14515Xbl of the 2011 Act.
An independent examination does not tnvolve gathering all the evidence that would be required in &n audit
and consequently does not ¢oveT all the matteTS that an auditor con5ide15 in giving their opinion on the
financial statements. The planning and conduct of an audit goes beyond the litnited as5UTanc¢ that ai]
independent examination can provide. Consequently l express no opinion as to whether the financial
stat¢￿entS pres¢nt a 'true and fair. view and my report is limited to those spe¢ific matters set out Én the
independent examiner's Statetnenl.
Independent exAmiller S 5tatemeut
I have ¢ompleted my examination. I confinn that no material matters have com¢ lo my attention in ¢onnection
with the examination giving me ¢ause to believe that in any material respect:
accounting record5 were not kept in respect of the charity as required by section 130 of the Act,. or
> the financial statements do not accord with those rccord5,' or
> the financial statements do not comply with the applicable requirements concerning the forffl and
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other Ilian any
requireJiie]it that the accoutlts give a'true and fair view which is not a matter consid￿￿ as part of an
ind¢pend¢nt examination.
I have no con¢erns and have come acmss no other matters in Connection with the examination to which
atieiilioii sliould be diawn in iliib r¢port iii older lo enable a proper uiide151anding ufihc finanLial slalemerttb.
to be reached.
J A Ricker. FCA ICAEW
Al￿nS LLP
Chartered AwountPxnts
Crown House
151 High Road
Loughton
Essex
IG104LG
Date..
Page 4

WALTHAM ABBEY NON-EDUCATIONAL PAROCHIAL cHAR￿lEs
STATII MENT or FINANCIAL AcrIvtTIES
for tlie Year Ended 31 Deccmbcr 2023
Note
Unrostricted
General Deslgnated
Restrlcted
Total
2023
Total
2022
INCOME & END01￿ENTs FROM
Charitabl¢ aeMvide5
Investmeiil Income
101,522
4.786
101,522
4,786
105.130
3,538
TOTAL INCOME
106308
106308
108 668
EXPENDITURE ON..
Charltable actlvltte5
118,872
118,872
117,857
TOTAL EXPENDITURE
118872
118.872
117,857
Net g#lttsl Oosse8) on Investmthts
NET (EXPENDITUKKV tNCOME BEFORE
TRANSFERS
112.564)
3.552
(9,0121
{14,218)
TrHll5fers Bettyeen Fuuda
14
4,187
5,000
9.187
NET IEXPENDITUREY INCOME AFTER
TRANSFERS BETWEEN FUNDS
{8 J77)
5.000
15,635)
{9.012)
(14,2181
RECONCILIATION OF FLTr4DS:
FUNDS BROUGHT FORWARD
13
63,802
144,380
440,373
648,555
662,773
FUNDS CARRIED FORWARD
55,425
149J80
434,738
039.543
648555
All illCOTne and expenditure has arisen from continuing activities.
The notes form part of thcse financial statements
Page 5

WALTHAM ABBEI Y NON-EDUCATIONAL PAROCHIAL CHARITIES
BALANCE
HEET
As at 31 De¢embtr 2023
2023
2022
Not&%
FIXTD ASSETS
Housing and other property
InVe￿MentS
10
502,335
110300
512,553
103 775
612,695
616,328
CURRENf ASSETS:
Debtors and prepaytnents
Cash at bank attd in hand
4,674
4.585
122.828
46.604
127.413
cRED￿ORS". Amounts falling
due witliin one year
12
NET CURRENT ASSETS."
TOTAL ASSETS LESS LIABILITIES:
639 543
648.555
RESERVES:
Uniestiicted'.-
Income and expenditure accouut (General fund)
Designated reserves
13
55,425
149,380
63,802
144,380
Restricted:.
Endowrnenl fund
Social Housing Grant fund
Reva]uation reserve
205.993
192,926
205.993
202,113
639.543
648.555
The fJi)ancial st2t¢m¢nts wcr¢ approved ODd authorised for issue by the Board of Trustees on l May 2024 and were
signed on its behalf by..
TRUSTEE..
The note5 foTtn part of these financial statejnellts
Page 6

WALTHAM ABBEY NON-EDUCATIONAL PAROCUIAL CHARITIES
STATEMENT OF CASM FLOWS
for the Year Emd¢d 31 Deeemb¢r 2023
RECONCILIATION OF f4ET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
2023
2022
Net expellditure for the reportitlg period {as ptr the sthtemellt of
finAnciAI getivities)
Adjustments for".
Depreciatioll charges
Intere51 received
Dividellds rece2ved
IGain511105ses on investments
{Increase) in debtors
IncreaselldecTease) in creditors
Lo&s on disposal of fixed assets
(9,0121
(14,218)
30,102
(7631
14.0231
13.5521
(891
(75.4301
30,379
{155)
13.383)
5,029
{2,054)
87,035
6,964
Net Cash provided byl(used In) oper#don g¢tlvStles
162,7671
109,597
STATEMEIYT OF CASH FLOWS
2023
2022
C#sh fl07Ys from operating *ttivlties:
Casli generated from operations (See above)
{62,7671
109,597
C8sh flows from inv¢$tillg ACti￿ties.
Jnt¢re$t rÈ¢¢lv¢d
Dividend5 received
DiTridend5 reinvested
Purchase of tallgible fixed 8s5et$
763
4.023
(3,0331
{19,8841
155
3,383
(2.421)
(81,563)
Net cash provided by investlng
9ttl￿tieS
(18,131)
180.446}
CbAnge in cash and cash equivalents ill the
Reporting period
Casli and c&sli equivalent5 fit the beginlling or
the reporting perlod
(80,898)
29.151
122,828
93,677
C*5h #nd e*$h equivilents 8t the end of the
reporting period
41.930
122,828
The notes forrn part of these fjnancial 5tatetncnts
Page 7

WALTUAM ABBEY NON.EDUCATIONAL PAROCHIAL CHARITIE
NOTF.S TO TTIF, F￿ANcIAl. STATFMENTS
for tli¢ Year Ended 31 DeCe￿ber 2023
ACCOtJNTING POLICIES
Waltham Abbey Non Educational Paiochial Charities is a ChaTity registered in England & Wales, nusnber
213327, and is governed by a Scheme approved by the Charity commission dated 17 January 1963.
Basls of Aceounting
The account5 {financial State￿ellts} of the cliarity have beell prepared on agoit]g conc£rn basis under the historical
C05t convention, with the exception that investrnent5 are included at rnarket vallle. The a￿Ount5 have been
PTepared in accordance with tlie Stalejnellt of Recommended Practice.. Accounting and Reportiiig applicable lo
charities preparing their auounls in &c¢ordan¢e with the Financial Reporting Standard (FRS102) and applicable
UK Accounting StandaTd5 and the Charities Act 2011 and UK Generally Accepted Practice as it applie5 from I
January 2015.
The financial statements have been prepared to give a 'irue and fair. view and have departed froin the Charities
(Accounts ajd Reports) Regulations 2008 oiily to the extent required to provid¢ a 'true and fair view,. Thi%
departure has involved following Accounting and Reporting by Chariiies preparing their a¢¢ounts in ac¢oTdance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July
2014 Tather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from
l April 2(K)5 which has sin¢e been withdrawn.
The ChaTity meets the definition of a public entity under FRS 102.
The financial statements are presented irt steTling which is the functional currency of the Charity and rounded to
the nearest pound
Going Concern
Tlie fiiiancial statements have been prepared on a going Concern basis as the Trustees belicve that no material
uncertainties exist. The Ttusiees have considered the level of funds held and the expected level of sllcoTne and
expenditure foi 12 Enontlis fi.oni auth0ri5ing these financial 51ateineiit5. The budgeted income and expenditure
15 sufficient with the level of reserves for the Charity to be able to continue as a goiiig concern.
Income and Endowments
All income is recognised in the Statement ofFinan¢ial A¢iivttTeS when the charity 15 legally entitled to the income.
R¢sid¢nt5' contributions (which include5 Service charge income) are accounted for in the period to whicli they
relate.
Expenditure and Bas1$ of Apportioning Costs
All expenditure is accounted for on an accruals basis and has been cla5sifJed u]]der headings that aggregate all
cost5 related to the category. Expenditure i5 recognised once tliere is a legal or constructive obligation to make
payments to Ihird partie& it 15 probable that the settlement will be required and the amount of the obligat&on can
be measured reliably.
Charitable ex
enditure
Costs for the fiill year include the costs of refurbishment, mainlenan¢e and management of the property ￿ld costs
relating lo the general welfare ofihe re$idenls. All expenditure is Charged the f￿ancial year to which il relalcs.
Hou$lnE Propertles and Component Accounting
The OTiginal Franci5 Greene A1rn5hou5e5 weTe coiistructed in 1626. Since there Is no preciEe record of the original
C051, no value is attributed thereto. The cost of the Housing Properties relates lo improvements Ca￿led out sin¢e
1992 whi¢h have heen funded hv Sthctal fffallt. a tnortEage loan seeiired bv H charge on the Alrnshnii￿c
properties. and from Èhe Charities own resources.
Pagt 8

WALTHAM ABBEY NON-EDUCATIONAL PAROCHIAL CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023
Housing Properties are slated al cost le&$ accllmulated depreciation and any impairtnent 105ses. Waltham Abbey
Non-Edllcational Parochial Chorilies calculates depie¢iation by implementing coinponenl ac¢ounting. Estimated
figur￿ have been used where due to the elapse of tI￿e or the disproportionate cosl of ascertaiiiillg the figur￿, it
has not been PDSsible io get actual infoTmation. This ￿ealls that depreciation is charged based on the expected
usefi]I life of e8ch component within the housing properti¢s as follows..
Freehold Property
Building
Warden Call syste
Mains water conversion
Kitchens & Bathrooms
Communal lounge furniture
FiTe Alarm systetn
Comniun21 areas radiators
Ele£tric htaling (all flats)
totchen Flat
Windows
20 year5
50 years
20 years
20 years
20 yeatS
10 years
20 years
20 years
20 years
20 years
30 yeaT5
Other T8ngible Fixed A55ets
Plant and maehinery is stated 8t Cost less ac¢umulated depreciation and any impainnent losses. Assets are written
off on a straight lin¢ basis over 5- 30 years.
Major Repairs
Costs of major repair4 unles5 representing improvements to the fabri¢ of the Hou.%ing Propert5e4 ar¢ Charged to
the SOFA in the year in which they are iocurred.
Impalrment
At each Balance Sheet date. housing properties are assessed to deternine if there are indicators that the properties
niay be inipasred iii valiie., if tliere are siicli ijidicators of snipairmeiit, theii 2 ¢onipari5013 of ihe properties, carrying
value is compared to its recoverable amount is llndertaken. Any excess ovei the recoverable amount is reeogllised
as an irnpairnient loss and ¢harg¢d 05 ¢xp¢nditurc in the SOF&. the caTryiThg value is reduced appropriately.
Invt5tments
Inveslmeiits are measured initially at COSt and subsequently at fair value (their market value} al the bal£n¢e sheet
dale. The SOFA includes the net gains and losses arising on revaluations and disp05als throughoui the yeai. The
trustees adopt a cautious investment policy so as to minitnise risk. Investrnents are monitored and reviewed by
trustees on a regularbasTS.
Social llousiRg GrAnt
Social Housing Grant ISHG) was paid by the Housing Corporation to Teduce the cost of developtnellt. tn
ac¢ordan¢¢ with Ihe Chariiy SORP (FRS 102) the SHG is recognised as income in the year of receipt and treated
as a restricted fulld (Social Housing Grant Fund). This ￿lld is r¢dllc¢d annually over the cxpe£ted use￿1 life of
the building. The total SHG received was £459,349 and is repayable usually only if the property is dcmolished.
The value of the grant would usually transfer with the property lo new owneT5 if 501d.
Cash at bank in hand
CRsh al bank and in hand includes current and bank deposii accounts with no withdrawal limitations.
Credltors
Creditors are recogni5ed where the charity ha5 a present obligation re%ultino from a pa81 event that will r￿Ult in
tbe transfer of funds to a third paty and the amount due to settle the obligation can be measllred or estRtllated
reliably. Creditors are re¢ognised at th¢ir settlernenl aTnount.
Finajacial IDstrwllents
Financial a&sets and fJnan¢ial liabilities are recognised in the statement of financial position when the Charity
bectsmes a party to the contractual Provisions Of Ilie instrument.
Trade {including renta]l and other debtors atjd creditors are classified as basic financial instruments and measured
at initial recognition at transactjOD price. Debtors and credilors aTe subsequently measured at amortised ¢ost using
the ¢ffe¢tive interest rate method. A provision 15 established when there is objective evidence that the Charity will
not be able 10 collect all atnounts due.
Page 9

WALTHAM ABBEY NON-EDUCATIONAL PAROCHIAL C&L4RITIES
NOTES TO THE FINANCIAL STATEMENT
for th¢ Y¢ar Ended 31 Dt¢ember 2023
C&sh and cas11 equivalents are classified as basic financial instrllrnents and comprise cash in hand and at bonk,
shoil-term bank deposits with an oiiginal maturity of three months or less and bank overdrafts which are an integral
part of th¢ Charity's Cash management.
Fund accounting
General funds are unrestricted funds which are available for use al the dis¢retion of the tNstees itl furtherance of
the general objectives of the charity and which have not been designated for othei putpose5.
The DesEgnated rc5erve eonsist5 tsf fund5 Set aside to meet m2inten2nce costs iii exce&s of annual budgeted
expendituie.
Resiri¢ted funds are funds wht¢h are to be used in accordance with specific Kstrictions imposed by donors or
which have been raised by the charity for particulaT purposes. The c051 of raising and administering such fvnds
are charged against the specific fund.
v￿￿e Added Tax
Waltham Abbey Non-Edu¢aiional Paro¢hial Charities is not rcgi5teied for VAT and in these fInancial statemetJt4
where applicable, eKpenditure shown is inclusive of VAT.
STATEMENT OF FIF4ANCIAL ACTIVITIES (2022 COMPARATIVE)
Ullre5tricted
GenorRI Drsigngted
Restrlcted
Total 2022
INCOME & ENDOWMENTS FROM:
Cbxritiblt A¢tlvldes
105,130
3,538
105.130
3,538
Inveslmeiil Income
TOTAL INCOME
108,668
108.668
EXPENDITURE ON:
Charltable attlvltl
117.857
117.857
TOTAL EXPENDITURE
117,857
117.857
Net losses on Investhaent &ssets
15.029)
(5,029)
NETIEXPENDITtJREyINCOME BEFORE
TRANSFERS
(9.189)
{5,029)
(14,218)
TrY4D5fer5 Behveen Fund5
NET MOVEMENT FUNDS
(5,0021
5,000
{14,216)
(14,218)
RECONCILIATION OF FitNDS:
FUNDS BROUGHT foRWARD
68,804
139,380
454,589
662,773
FUNDS CARRtED FORWARD
648 555
Page 10

WALTHAM ABBEY NON-EDUCATIONAL PAROCHIAL CHARITIES
NOTES TO THE FINANCIAL SI'ATEMENTS
for tlie Year Etided JI December 2023
WEEKLY MAINTENANCE CONTRIBUI'IONS
2023
2022
Gross amount receivable
Le55'. Void5
110,302
(8.780)
101,522
105.713
(583)
105.130
INfEREST RECEIVABLE AND SIMILAR INCOME
2023
2022
Dividends
tnterest ieceived
4,023
763
3,383
155
4.786
3.538
TRUSTEES, AND KEY MANAGEMENT PERSONNEL REMUNERATION AND EXPENSES
The Trustees, who comprise all the Key Management Personnel of the Chaiity, neither received nor waived any
retnuneration during the year (2022.. £nil). The Trustees did not have any expense5 reitnbursed during the year
12022.. £nil). Harrison Housing were employed by the Trustees tg act as the Managing Agent for the charity and
are responsible for day-to-day administraithon.
Employte$
There were no employees in 2023 (2022.. Nil).
LXPENDITURE OIY CHARITABLE ACTIvrrIES
Direct Expenditure
2023
2022
Repatrs & maintenance
Repaiis- void8
Gardening
Lighting & heating and water
Property opeTating costs
Bad Debts
Insurance
Depreciation
Loss on disposal of fixed assets
Support costs (see below)
Govetnance costs (see below)
25.965
8,501
1,305
10,587
1,392
18,273
19
1,950
11.366
3.549
5,666
2,769
30,379
6,964
33,622
3,300
2,785
30,102
34.770
3,465
118,872
117,857
Page 11

WALTHAM ABBEY NON-EDUCATIONAL PAROCHIAL CUAIUTIES
NOTES TO THE FtNANCIAL STATEMENTS
for the Year Ended 31 DeceThber 2023
6. EXPEIYDITURE ON CHARITABLE AcfivITIES (con￿nUed)
Support Costs
2023
2022
Management Fee
Other expenditure
32,296
2,474
30,506
3,116
33,622
34,770
Govern8nee c05t5
2023
2022
Independent Examiner's fees
3,465
3,465
3,300
3,300
TAXATiof4
The charity is a registered charity and as such its income and gains falling within section 471 to 489 of th
CotPtsTalion Tax a¢t 2010 or section 256 of the Taxation of ChaTgeable Gains A¢t 1992 are exeTnpt from
corpordtion tax to the extent thai they aTe applied to its cbaritable objeetivcs.
FIXED ASSET IF4VESTMENTS
2023
Msrket
Value
2023
2022
Market
VAlue
2022
Cost
Cost
ItLvestJllents comprise the fouowing:
1,244 COIF Income Sliares
cotF Deposit Fund
M&G Charity Asset IncoTne Fund
M&G Charity Asset Accumulation Fund
31 December
24,687
11,720
7,376
66,577
110,360
5,748
11,710
2.843
19,982
40,283
22.610
11,228
7.252
62.685
5.739
11,228
2,843
17.441
37.251
103,775
2023
2022
Mork¢t Value:
l January
Accumulaied Income reinvested
I Inrealised gainqlllo%8e4)
31 December
103.775
3,033
106,383
2.421
15 0?9)
103.775
110,360
The orig2nal Cost of investrnents cannot be aseertained, 50 they have b¢en stated at their values ¢)n l April 1988.
Additional inveslmenis since that dale are valued ai Cosi.
Page 12

WALTHAM ABBEY NON-EDUCATIONAL PAROCHIAL CBARITIES
NOTES TO THE FTNANCIAL STATEMENTS
for the Year Ended 31 Deccniber 2023
INVEsfMEIYT REVALUATIOF4 RKSERVE
2023
2022
Balance brought ftsTward
UnTeali5ed gain51{Iosses)
Balance carried forward
32,267
3,552
35,819
37.296
(5,029)
32,267
10. TANGIBLE FIXED ASSETS
Freeho￿￿
Housing
Pro
New Build
ert
Plaiil &
Total
COST OR VALUATION:
Ai l January 2023
Addition5
807,882
40,487
236.778
1,085,147
19,884
At 31 December 2023
807,882
40,487
256,662
1,105,031
DEPRECIATION:
At l January 2023
Charg¢ for year
472,469
16,156
40,487
59,638
13,946
572.594
At 31 December 2023
488,625
40,487
73,584
602,696
NET JIOOK VALUE:
At JI D¢ceinb¢r 202J
319 257
183 078
502 335
Al 31 December 2022
335,413
177.140
512553
ii.
DEBTORS: AMOUNfs FALLNG DUE WITHIN ONE YEAR
2023
2022
Weekly maintenance contributions
Less.. Bad Debi Provision
Prepayments
6.501
14,1001
2.273
4.674
7,126
(4,1001
1.559
4,585
Page 13

WALTHAM ABBEY NON-EDUCATIONAL PAROCHIAL CHAIUTIES
NOTES TO TIIE fiIf%'ANCIAL sTATE￿￿NTs
for the Year Ended 31 Decejllber 2023
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Trade creditors
Accrllals
11,041
8.715
19,756
86,704
8.482
95.186
13.
RESERVES
Funds
bHlances
31.12.22 Income Expendlture
Gain51{1055es) Transfers
on
betTrveen
funds
Funds
nVes￿ents
31.12.23
General funds
63,802 106,308
60,380
84,000
205,993
Social Housing Grant Fund 202.113
Revaluation Reserve
32,267
648,555
(118,872)
4.187
55,425
60,380
89,000
205,993
(9.187) 192,926
35,819
639,543
Designated ERF
Designated CMF
Endowment Fund
5,0(K)
3.552
3,552
106,308
{118,8721
Funds
balance5
31.12.21 in¢owe Expendlture
GAin51005ses) Transfers
on
between
InVe$thIe￿ts
funds
Fund5
balgllt¢s
31.12.22
General funds
68.804 108,668
Designated ERF
60.380
D¢5ignaled CMF
79,000
Eiidowrnenl Fiind
205,993
Social Housing GTant Fund 211,300
Revaluation Reserve
37.296
662,773 108.668
(117,857)
4,187
63,802
60.380
84,000
?05.993
(9,187) 202,113
32,267
648,555
5,000
15,029)
15.029)
{117.8571
Page 14

WALTHAM ABBEY NON-EDUCATIONAL PAROCHIAL CHARITIES
NOTEI S TO THE FINIINCIAL STATEMEN
for the Year Endeil 31 December 2023
Analysis of net assets by funds..
Fixed
sets
Current
&$$ets
Current
Ilabilities
P4et amet$
General funds
Desig]]aied ERF
Designated CMF
Elldowtnent
SI4G Fund
Reva]uation Reserves
28,577
60.380
89,000
205.993
192,926
35,819
612.695
46,604
119,7561
55,425
60,380
89.000
205.993
192,926
35.819
639,543
46.604
{19,756)
The DesI￿ated rcserve collsists of fU[￿S set aside to meet maintenance costs in excess of annual budgeted expenditure.
14. CAPITAL COMMrrMET4TS
At 31 Decelnber 2023 and 2022, there were no contracted capital Commitments.
At 31 December 2023 capital commitmtnts outhorised but not contTacted were £nil {2022.. £nil).
IS. HOUSING STOCK
There were I l ututs under management at 31 December 2023 {2022.' 1 l units)
16. RELATED PARTY TRANSACTIONS
There were no related party transactions either this year or last year.
Page 15