2022-12-31-accounts

Charity number. 216873 WYGGESTONS AND TRINrrY ALMSHOUSES (FORMERLY WYGGESTON'S HOSPITAL CHARITY) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

WYGGESTONS AND TRINrrY ALMSHOUSES (FORMERLYWYGGESTON'S HosprrAL CHARtrY) CONTEKrs Page Chairnian's Staternent Trustee$. Report 2-20 kndependent Audltors, Report on the FlnanGl¥l Ststements 21-23 Statement of Financial Actlvitles 24-25 Balance Sheet 26 Statement of Cash Flow 27 Note¥ to the Flnandal Statements 28-53

WYGGESTONSAND TRINrrrf ALMSHOUSES (FORMERLY WYGGESTON'S HOSPITAL CHARITY) CHAUiMAN'S STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022 The Chairman presents her Statementfor the year. Llke Ihe rest ofthe worbj. 2022 at Wyggestons ha8 been a year of trylro to establlsh Ihe'new nomal in the post Covid world. Wrth over one hundred over 60s on site y￿ have had to Temain vigilant for ary sign of the disease and Covid testlng remains part of our everyday life in an effort to wotect the mosl vulnerable. Nevertheless. we hav8 had som8 notable events in Ihe pa8t ￿efve month& not least. Ihe completion of our now build programm6. vthich has resutted in us beirrg able to offer an additional fourteen units of sheltered a¢commodation to those in need. We have also extended th8 use of our communal areas to outsiile bodies such as Age UK and provided more user friendly space to the many varied and dIVe￿e so￿al activities enjoyed by our residents. We are delighled to announc8 that at its Members Day in London in June 2023 the AlmshcNJse Assoualion award8d the naw development ihe Inspirational Homes Award for 2022. The grounds have been landscaped to include an enhanced coutyard area and this has been very well rèceived by all. Further landsGaplng ￿11 take place In th8 c￿Ing year. We have been competitively judged for our new developments and allhough w8 still await the outcorng of Some ol these schemes we were very proud to receive th& Large Residential Award in th8 area Pro Con Award5 Competition run by the Gonstruction and allied trades industry. Vlsiiors are 0ft8n heard describing our new developm8nts as'just stunningl,. vthich is very grats￿ng after nearty eight years spent bringing the scheme from the germ of an idea to ftJffilmenL Of Course, it is [￿t posslble to run an Almshouses suth as thls wlthout scme large Challenge$ and thls year Ihat has prespjnted itself in the form of the enornious raise in the cost of utilities. We found ourselves in a posttion ereby it was almost impossible to find a supplier Nvho would 8v8n give a quote to organisations such as ours. However. 8fter thr88 days (and ￿mOst nights) of tel8phone ralls and meetings our CEO and Land Agent managed to secure us a contract- albeit at an increase of nearfy hundred per￿nt- but that 1$ the worfd In vknich we now livel Our thanks go out to Chris Jones and Andrew Robinson for all their hard work and 8nd@avours on our behalf. We are delighted to ann0￿ce trt In Spring 2023 the Charity Commisslon atproved the merger of Hospital of William WyggestrJn5 ￿th our neighbours al Trinity H05Pital Charibes CIO. The formal merger of the ancient Charities took place at a ce18braknn on 31st March 2023. bringing together Iwo of th8for8mostAlmshouses Ch3rttl8S in Leicester, wilh a combined 1200 year of cwing for cwr beneficiartes. To refiect our common heritage the Board agreed the renaming of the new Charity and henc8 the nam8 going forward wll be Wyggestons and Trinity Almshouses Charity. The benefieAaries have been gaining from the clckser working lines betsveen the Almshouses vAth access to lolnt events and the expansion of acknvlties at the Trtnty HospiÈal. So. as they say'never a dull mcmenv b(rt as Govemcs we have m￿h appreciated no longer having to rely Zoun and T ams meetlngs being cmGe more able to play a ful personal role In the runnlng (rf Wyggeslons. A blg Ihan goes out to them and our wonderful st8ff kn helpkng to m8ke Wygwon8 such a vlbrant and caring com unlty. Pow011 Chairman of the DirecloFS of Wyggestons and Trtnity Pjmhouses Dat8- 23 August 2023 Page 1

WYGGESTONS AND TRINITY ALMSHOUSES (FORMERLYWYGGESTON'S HosprrAL CHARITY) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 I. IPmlODucnoN The Flnandal Statements comprise the Annual Financial Ststements. Chairman's Statement and the Trustee's Annual Report for the year 1 January 2022 to 31 December 2022. Th8 Govemors referredto in this report ar8 the Directors oflhe CoTporate Truslee ofwyggestons Hospitsl. being the Wyggestons Hospbtal and Hospital Branch Trustee, Company number 7718817. Thls Rewt should be read ITh ¢onjuncllon wilh the Chairman's Introductlon (page 11 which has a180 t* reviewed and approved ty the Govemc¢s. 2. FOUNDATION AND SCHEME Wyggestons knpital Charfty was founded following Ihe grant of Royal Letter8 Palert to William Wyggeslon in 1513. The Scheme of the Charity Commissioners goveming the Charity was revised in 1992 and 2012 and the present scheme ￿ dated 7 February 2012. Th8 Charty's registration number is 216873. The official name of ihe Charity is Wyggestons and Trinty Almhouses. 3. CORPORATETRUSTEE On 26 July 2011 a Company Limited by guarantee was established titled The Wyggestons Hospttal and Hospital Branch Twstee Company number 7718817. On 7 February 2012 this Company became the sole Trustee of the Charity. The previous Govemors Dfthe Charlty becoming the D?rectDrs of the Company. The Corporate Trustee holds the real estste property of the Charity whlth was transfe￿ed durlng 201312014. All sakn or purchases of land are now cathed out In the name ofthe CcKporate Trustee. 4. WORKING NAME For day-lowday purposes the Charity is knovffl as Wyggestons ￿ Wyggeslons Hospital and Ihe Directors of the Corporate Trustee are known as Gov8mors. 5. AIM The 8im of Ihe Charity is to apply its income for Charitable purposes by the provision of Amshouses or general financial assistance for newjy people of the Clty of Lelcestsr aiKI Ihe provlslon of Exlta Care faGillti8s for needy persons. 6. OBJECTS The objects ofthe Charity are: Relief in Need on one or more ofthe fopthving: 6.1.1 the provi5vJn and mainl￿anCe of Almshwses for Fwr persons of good tharaGtgr ofnot less than 60 year5 of age resident in the City of Leicester. 6.1.2 the provIs￿rb and rnainlenance of Extra Care facilitie5 needy person5 of gcod chwacter wilh a preferencefor residents of the Almshou5e5: 6.1.3 the rekef of the Deedy poor. arKI 6.1.4 paying to the Wyggeston School Foundation an annual sum. Page 2

bVYGGESTONS AND TRINITY ALMSHOUSES (FORMERLYWYGGESTON'S HosprrAL CHARIrn TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 7. PUBLIC BENEFIT The Govemors have complied wtth the duty in S.17 of the Charrties Act 201110 have due regard to the Charty Commission published general and relevant SUI￿SeCtor guidan￿ concemlng the operation of the public benefit requirement underthat Act It is important and appropriate. therefore. in Ihis report to review the work of Wyggestons in the light of the Comrnission's guldance and Iheir pub￿shed Reports. As readers will be aware Ihere are twelve Charitable purpose hea(iwigs and the Wyggestons Hospital Charity Scheme fits within three of them.. the prevention or reEi8f of poverty. the advancemerrt of education; and the relief of those in need. We wri look at each oflhe he8dings in turn and show how Wygg8stons fuifils the public benefft test in each area. 7.1 The prevention or relief of poverty 7.1.1 LelGester Charlty Llnk Trough the Leicestw Charty Link ILCL) grants are provided v4hich enable people to have 8 better quality of lrfe. though indiwdual grants are limited to a maximvm of £500. it is often the case that even a small amount makes a huge dtfference. The Governo￿. through the House and Grants Committee. are made aware of a51 help given. Working wth LCL has the 8thantage that they ¢an access additional funds should this be necessary. Th8y can also ensure an Indlvldual Is clalming any statutory help available. In 2022 we made a grant of £25,000 fLY dislTibution by LCL {in 2021 the grant was also £25,000). 7.1.2 One Roof Lelcester One Roof Leicester IORL) Is a Charity which provides accommt)dation, support and advice lo the homeless, destitute refugees. atsyium seekers and vulnerabty housed In Lelcester. ORL works with partner organlsations. often the local farth community. to ensure that the vulnerable whom they house are not left in isolation. In 2016 Wyggestons purchased a property, which is lei to ORL for a nil renl. allowi'ng them to provide accommodation to a homeless or vulnerable family. The rental for the propety on the open market would be in the region of £5,000 to £7,C4)O. therefore this could also b8 counted as hidden grant aid. this leth'ng continu8d during 2022. 7.2 The advancement of oducatlon Under the Terms of the Charlty's Stheme we pay an amount aTtnualty to the Wyggestons Schools Foundatlon. 2022 this was £5,000 (2021: £10,000). The Foundation considers applicalionsfromthe Wyggeslon5 and Queen Elizabeth College (WQE) which 15 Ihe suGcessorsixlh-form colloge in Leicester Citythal were formally Wyggeslon Schools. Through this 8dditwy]al funding students can become involved in activities or courses lo enhance their broader educational horizons, which they would oth￿Is8 be denied. The fvnding was approved in 2022 and is usually made in the September of eath year to coincide wilh the Gommencement of the Academic year. 7.3 The rellef of those In need Howdo you defin& need? should it re￿tasIMptyto a per80n's bank balance? Neod should be Interpreted In varl(Jus ways, including finanaal. emotional and spiritual. Sorne people will have a propety. bul Iitue or no savings and sufficlent Income with which to maintain It. Others may be suffering social Isolatlon as the area in whlch thay were bcffl and brought up chaThJes beyond their recognition. Page 3

WYGGESTONS AND TRINrrY ALMSHOUSES IFORMERLYWYGGESTON'S HOSPITAL CHARITY) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 In ourAJmshouses. we wovlde Independentllvlng She￿ered housing units. opento alwho qualify underthe Term8 of the Charity Scheme. In a community atmosphere the residents benefit from not having the wory of housing maintenance, they are with lik￿mind￿l and similar aged people. and enjoy the security ofsomeone on call Shouh they suffer an emergency. In addilion we have a Chapel on ske and can offer spirltual and pastoral support as needed Ihroughthe Master, an ordained Anglcan Priest. As people age and tsir needs increaselheycan ,subject to assessment, transfer to Agnes House, our Residential Home, vthich is on the s8me site. The proximity of the buildings has the added advantage that fellow residents who have become friends over the years can visit easily and maintain contact. Families also appreciate thal when the tirne comes for Ihe extra ￿Ve1 of care the parent or loved one ig already known to the slaff, and this ￿dUCeS the stress of moving. In both units there is a degree of subsidy. The Govemors, policy is thatthe weekty charges in the Almshouses and Agnes House will be below that of an economiG renl or fee as part ofth8 Charitys Relief in Need help. This amounts lo approximalely £175,000 per annum. 7.4 Concluslon In the light of all the aboveweffim￿Y bèJFeve thatWyggestrmswoutd'pa88' any Review by Ihe Charity Commission conceming its Charitable work. 8. STRATEGIC OVERVIEW Wyggeslons was established to provlde sh8tsred houslr4J and gfve granl ald. It now aGhlev8s by: providlng 70 units of Aknshouse Accornmodal￿￿ including new 14 units thich were frst occupied in late 2021. 26 en-SUFte rooms in Agnes House; paying grant aid either dir8cIty orvia L8icesler Charity Link; aTh provkling a propety al nolminimal cost at another organi5ation to work individuals or famikes who wcmjld otherwise be homeless. As an endowed Charity the ino)me from investments provides monies to suppknent the work, and the Almshouses and residential home are provided at subsidised rates. The main limiting factors for the Charity are the low interest rates and th& rates paid by the local auLhorities for residents in the care home. We monitor our perfomiance by carying out an Annual Re51dents' &rvey. We are also monltored by extemal bodies, the Care Quatty Commission (CQC) and the Leicester Ctty Council. Financially we are strong and currently there is no reason why Wyggestons should not continue for a further 50CI years. D8tai18 ofhowthe Govemorswork through thevarious committees is given bgk)w. As mentioned elsewhere theday-ttrday managementis carr¢ed oulby the seniorstaff. HO￿￿veram0￿g the staff onlythe Master has ch8que signing authorlty. All paymenls are authorised by two Governors and all payments are r9PQrted to the FinanGe Committee at the nexiTound ofmeetings. Limits are placed on the amounts thatcan be aulhorised before referring to the Govemors. Budgets are apwoved atthe autumn round ofmeetings forthefollowin9 year. and any variances greater than 20% are Investlgated and explanations provided. Each committee receiv8s budget to actual reports at its meetlngs. and all Governors raceive financÈal infomiation on a regular basis. Page 4

WYGGESTONS AND TRINrrY ALMSHOUSES (FORMERLY WYOGESTON'S HOSPITAL CHARIrn TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEIIBER 2022 9. RISK MANAGEMEP The Govemors have examined the maicK stralegic business and operatlonal k1sks bthich the Charty faces. and confirm that Systems are in place to ensLre regular reports are produced, so that the necessary steps can be taken to lessen these risks a fomiafised risk register reviewed annualty by thè Govemors. Thls continues to highlight the impact of econrffiic uneertainty wih high levels of infi8tior in the 8conomy and increaslng Inte￿$t rates, tt)at pose significant risks forthe Charty. The continued market volatilty resufted In losses lor the Charitys investment portfolios. and the fund managers worked ctosely with Govemors to limit the irnpact on th& Charitys ashflows. The Ynajor risk5 to the Charity are reputational damage, fraud and 'Acts of God.. Whilsl having no control over the extemal risks, the Govemors have in place various measures to mitigate the likelihood of reputational darnage and fraud including a rol)ust BusFness Contlnuity Plan. financial systems and an aSs￿lated Crisis Management plan to protect the Charity. The new working partnership bMth Trlnty HoÈrAtal Charlty CIO was apwoved following a delaiEed du8 diligence exercise to minimise any risks to the Ch81ity from this relaliorthip. and il 15 illtended in 2023 to further reduce the risk by fomialty merging the Charities subject to Charity Commission approval. Going Concam The 2023 budgets and forecasts have been drawn up and amended with consideration for the continuing impact of extem81 economic factors, along with our ongoing planned capit85 prciecls. The budgels and forecasts are supported by a rnonthty reviewed cashflow anafysis, th8l is managed by the Governor5 and senior Staff. The income being deTtved from the recent expansion of the Amshouses provision, coupled wth excellent occupancy rates and diversffjc8tion of the Estate portfolio Provides the Trustees with the conffidence of the financiÈl healih of the Charity. On review of these dcwments the Trustees believe that the Charitys finanG181 resources and contingency planning is sufficient to ensure the abity of the Charity to continue as a going concem for 12 months from the poinl of signing, and therefore the Financial Stalements have been prepared on thks basis. 10. RESIDENTS During 2022 there were 12 (2021: 18) deaths. and 3 (2021.. 3) transfws of resldents. 10.1 Wllllam House, Lancastsr House and Cottages- Th• Almshouses The construction of 14 new apartments and cottages inerÈased the number of Almshouses Residents, and Gonsequenlty this has bwered the average age of the Charity's benefi¢iaries whilst increasing the occupancy levels. Page 5

WfGGESTONSAND TRINrrY ALMSHOUSES (FORMERLYWYGGESTON'S HosprrAL CHARITY) TRUSTEEY REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 10.1.1 Statistics o￿thS. 6 {2021: 21 Moved.. 211 intemal to Agnes House and 1 to Nursing Home) {2021: 2 intemal to Agne5 House) Empty fkts at the ye¥4nd: 3 {2021: 2) Average occupancy durlng the year was 95% (2021: 95%) At the year end: average age: 78 years (2021: 84): average length of occupancy: 5.3 yeats (2021: 7). youngest residenL. 63 (2021: 63). oldest resident= 99 (2021= 981- male lo female ratio 36Yo to 64 %12LY21". 24% to 76¥•)- and total res¥Jents: 75 (2021: 61)- increase as a result of the development of new properbes. 10.1.2 Building and repairs Two flats were upgraded vAth new kitchens, and one wet roDm was instslled in the existing AlmshtrJses. and necessary minor repaiTS and maintenance items were carrted out durlng the year. The maln wnstructlon event wasthe completion and occupation ofthe 14 new Almshouses, and opening oftheoffites and communitytsalities at Lancaster House. 102 Agn•i Hous•- Th• R•sldential Home 10.2.1 Statistics Average occupancy during the yearwas (2021: 94%) Atthe year end: average age: 93 years12021: 89); average length of OGcupanry'. 3 years12021: 2). youngest resklenL' 82 (2021: 84); oldest residenL' 10212021: 97); male trj female ratio 23% to 77 %12021: 25% to 75%)" deaths.. 612021.. 141 ofwhith 2 were respite resident: and vacancies at year end- nil12021= 2)- Page 6

WYGGESTONS AND TRINITY ALMSHOUSES (FORMERLY WYGGESTON'S HosprrAL CHARITY) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 10.2.2 Bullding and repalr• There have been no malor works to the Agnes House building during 2022. Gene￿1 repairs and maintenance ontinue as neGetssary. along ￿th renewal oflhe water heaters. Refurb15hrnent of the Ilnk brfdge LthTeen the Care Home and the AlmSh￿SeS was completed during the year. this was to improve the access belween the tsvo buildings. 11. GOVERNANCE OF THE CHARrrY The Govern¢ys are responsible for the overall management and oryanSsation of the Charlty. The full Board of Govemors met lour limes in 2022. The Finance Committee. Estste Committee. House and Grants Committee, Remew Committee, Executive Commlttee, and LoL*ing Ahead Group support the Govemors In carying out thelr responsibilf(ies. Each Committee conslsts of at least nlne Govemors, except ihe Exe¢utlve Commlttee, ￿lch comprlses the Chalrman, the Vlce-chaimian ol the Board of Governors, the Chairman and Ihe Vlce-chalmian of each Commlttee. The Finance SU￿Committee - Investment comprises the Ch8iman. the WcevChaMan of the Governors, the Chaiman and the Vice-chaimian ofthe Finance Committe&, 8nd at le8St one other Govemcf. The Govemors are ultimately responsible for the policy and direction of the Chwity, with day to day management delegated to the senior staff headed by the CEO. who also acts as Cleyk to the Govemors. The Care Manager has dual responsibilty for William House and Agnes House. The Master is responsible for tho pasloral care of 811 residents and staff. All Govemor5 are notified of relevarrt training opporlunilies. These are fully funded by the Charity. The Clerk to the Governors attends various courses and provides reports to upd8te Govemors. The Professlonal Advisors also offer inthouse updates sp&caficaty tailored to the Govemors needs as necessary. 12. GOVERNORS 12.1 Dire¢torslGovwnors Thanks are recorded to all the Govemors, who have given so freety oftheir time not onty to attend meetings, but also to deal wilh individual matters during the year. Diredovs of the Wyggestons Charity are Gornmonly known as Govemors. Details of those who served during the year and theirtemi length can be found on page 19 and 20. In November 2017 the Charity Commission joinily with others published Taken on Trust- The awarenes5 and effecdveness of Charity Trustees in England and Wales.. The recommendatkns In this make reference to the recruitinent of Trustees and thai this should, 'embrace the introduction of different peopl8, new ideas, skills and experien￿ to Tnt81ee Boards, and to target the rec¥uitment of Twstses from more diveT5e sections of 50ciety' Ourfull Gomplement ofGovemors is ￿enty. being ten Cw)lions, one ex-officio and nine ncfninations from public bodies. In both instances it is not ahvays easy to recFuii suitable candidatss. To obtain a wid8 sproad Df skills and experience that we require for our diverse operations, we ￿nSider factOTS Such as gender, 4e and skills. The Charity has recently adopted a Twstee Recruitment Policy folkjwing a revtew of ts perfomiance against the Charity Govemance Code In 2021. Addttlonalty the Govemors have undertaken a $kiHs audit and are using these findings to review the selection wocess. and identfy current and future needs. The diffiGulty (rf re¢ruiting Trustees with the ski115 and time commitment 15 recognised across the se¢lor. and the Charity is considering ways of attracting applicants from under rèpresented gr(JJps through local and sector speciftc advertising for each vacancy as It occurs. The Charlty is also fomiulatlng a $u¢cesslon plan to ensure It18 retslnlng a strong Board of Governors lo support It golng Into the fulure. Page 7

WYGGESTONS AND TRINrrY ALMSHOUSES (FORMERLYWYGGESTON'S HosprrAL CHARITY) TRUSTEES. REPORT {CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022 As part ofth8 proposed mergerwith Trinty Hosytsl Charities Clothe Chaplain of Trinty Hospital. which is an Ex- officio appoinbment Gonfimed by the Diocese of Leicesterand The Duchy of Lancaster. will join the newly I0￿ed Board of Govemws. 12.2 Remunerauon And 8enefflts Underthe temis of the Charity Scheme Iseclions 16 to 21) the Charity is Tequired to employ a Master, who shall be an Ordained Priest of the Churth of England. The Master Is an Ex-officlo Govemor. The Master is the only Govern￿ who received any form ol remuneradon from the Charity during the year covered by these Financial Statements. See note 13 to the Financial Staternents. 12.3 Statistics (ye￿) of DlredorslGovarnops 12.3.1 Age Youngest.. Average: 72 12.3.2 Length of Servlc• Longest.. Conllnual unbrOk￿È. 39 Wilh a break of service.. 45 N8west'. Appointed March 2022 12.3.3 MalelFem•le {%) Male: 53% Female: 47% 12.4 Meetlngs and Commlttees Induded below are the average attendance al the various meefjngs. During the year the fyjll board of Govemors held four ordinary meettngs. Average allendanGe was as follows: 95% Two SperAal meettiigs were also held in the year to 8ppointlr8appoint Governors to the Board with th8 same average of 95°A attendan¢e. CThnmittees appointed by the Full Goveming Body to consider matters in depth and make recommendations to the Full Governing Body are.. 12A.1 Tho Exocutive Commltt00 The Execut¥ve Committee is made up of the Chainnan and Vice Chairman of the Gov8mc)TS, and the Chaiman and Vlce Chaimian of ea¢h Committee. The Master is Ex￿fi￿o Member of all Commlttees. The purpose of the Executive Committee is to conslder m8tters in detail as a small group and lo take r8commendations to the approprlate Committee of Ihe Governors for conslderatlon. The ExecLrtive Committee did not meet durlng Ihe ye8r. Page 8

WYGGESTONSAND TRINrrY ALMSHOUSES (FORMERLY WYGGESTON% HOSPtrAL CHARITY) TrUSTEES' REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2022 12A.2 The House and Granls Commlttge Deals wlth matter5 relating to Ihe residents, employees. the buibjlngs and grant making. The Committee metfour tlmes durfng the year. Average attendance was 820 12.4.3 Th6 EsLe Commlttee Deallng vAth matters rellng to the AgricuKwal Estats. Th8 Committee met four time5 during the year. Average attendance was 94%. 12A.4 The Finan￿ Committee The role is to review and moniior perfomiance against budgets and forecasts. The Committee met f¢)ur times dursng the year. Aver8ge attendance was 94%. 12.4.5 Tho Finance Commlttee Sub4ommittee- Investments Ha5 the speGlfic role of monf(oring the Nwestments of the Charlty and. In consultats.on wrfth our StockbrokerslAssel localion Advlsor51Land Age1￿, ensure the Charitys assets are hehj in appr¢)prlate categorfes or Funds wrth Ihe guidelines set by the Govemors. The Sub£ommitiee met once in 2022. 12A.6 The Audit Committee Meels annually to di5CUss the draft Financial Statements ￿th the Audrtors. The Committ8e met once during the year. Atten¢Jancew¥s 75%. 12.4.7 Th• Review Commlttee Meets annual￿ to review the level of charges to residents and the remuneration of employees. Attendan￿ was 100%. 12A.8 Looklng Ahead Thls Group revlews the strategic role and fvnction of the Chartty. The Maln Group met 10 times du￿ng the year and a sub commillee on a regular b8SiS to discuss intem81 design matters. Average attendance was 81%. 13. INSPECTIONS AND ExfERNAL ASSESSMENTS 13.1 Statutory In8pectlons The annual healih and safety inspections carried out by our Gonsultant was Ca￿led oui in 2022 and confimied all was in go¢JJ order with no areas ol concem. The Leicestershire Fire Brigade undertook a statutory in$peGtirJn follo￿ng the completion of the Lancaster House developmenL and also found no area5 of concern. 14. STAFF AND VOLUNTEERS 14.1 General To all the staff w8 express our sincere thanks, as li is onty through their commitinenlwe are able to carry out the good and posilive wort£ in caring for Ihose in need. f(Y whith the Charitywas estsblshed. 142 Numbers Detailed staff numbers are gsven in Note 12. Page g

WYGGESTONS AND TRINrrY ALMSHOUSES (FORMERLY WYGGESTON'S HosprrAL CHARITY) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 14.3 Staff Tumover The average length of employeeseTvice is ujrrenlly 9 years. and tumoveF Is extremety knw for our sector. During 2022 seven permanent employees left. three due to ill heatlh. tsvo moved into new industries, one retired, and one relcxated out ofthe region. Although this equals around 12% tsjmover (we onty have 59 employees). the averag& in the Gare industy In the Ea9t Mi¢Jlands is around 25%130Y.. Th8 spltbetween male and female IS 110kn and 89%, and fvll tim8 and part time is 15% and 850A r8speclively. 14A Agnas HouB8 Care $taff wRh NVQ IWE or equivalent or above= 96%. 14.5 Volunteers 14.5.1 Gov•mws The Govemors give freety ofthew tim6 and abilitses. 14.5.2 Othern There are no other volunteers. 15. FINANCIAL 15.1 General We are pleased to report a salisfactLYyfinancial perfonnancelor the yew. The detslled figures forthe year under review appear on pages 24 to $3. 15.2. Financlal Controls The Governors are satisfied thai the finandal contrds cuffenty in ￿ace meet all the regulalory requlrernents. 15.3 Income Stroams The main incom8 str8ams for Wyggestons are investment income and income from residents. The Investment income is from the stock market investmerrts, and the 8griculLur81 investment. Each one is important, aTKI allov the Governors not onty to malntain the current work of the Charty. bul to tAan slrategicalty for the fvture. 15A Investm•nl8 15.4.1 Investment Policy The overall pollGy of the Governors is to maintain a balanced portfolio, which includes Fixed Interest Bonds, Giks, Equities. and Propety, either agn￿liural, ￿mMer￿al or domeslic. Investment may be direct into individual shares. or vi8 appropriate colleGlives, or other relevant irtstruments. The Govemors do not intend to invest directly in hedge Funds or high risk derivatives. 15.4.2 Externally Managed Funds Aberdeen Standard Cap￿1 and Caz￿0Ve continued as our Investment Fund Managers for ext8mally held investments during 2022. Page 10

WYGGESTONS AND TRINrrY ALMSHOUSES (FORMERLY WYGGESTON'S HosprrAL CHARITY) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 15.&2.1 Aberdeen Standard Capilal { now tradlng as abnln Caplla Wyggestons Hospital h8ve a lon*terni investment portfolro managed by abrdn on a dIS￿et{0nary basls. The 8Sm of the portfolio is to defver long4em) income and growth to support Ihe activities of Wyggestons into the future. The portfolio is responsibility invested and adopts specific ethieal screens ihat have been 8greed with the Govemors. These cover Tobacco. Adult Entertainment and Child Labour. Having delivered strong absolute and relat¢ve returns through Ihe last three calendar years, 2022 presented a challenging enmronment for the investrnent. tt would be no underslatemerrt to say that the year was extraordinary wlth dram81ic evenls in geopolitics. the gbbal econonry. and fisral and monelary policies resultlng in investors having to daal with numerous shocks and changes in the outlook across all major asset classes. Thg portlollo delivered a negative absolute ￿tuM of -1 OY.. Despite the pressure on ￿pits1 values, it was pleasing to see incom8 generation remain robust with many undetyng (£Jmpanies wthin the Portfolio either maintaining or increasing dfvldend payments. LC￿ger-lerrn performance remains robust￿7 an 8nmidised retum of+3.4% ov6r the last Ihfye years versus a peer group of +1.7% (ARC Steady GrovAh ACI). As at 31 December 2022 the portlolio with abrdn was valued at £4.630,402131 0ec8mber 2021: £5,638,761). 15.4.2.2 Caz0n¢yrn Capllal Investment Wygge51ons Hctspital have a long tenn inv85trnent portfofK) managed by Cazenove on a di8cretionary basis. Russia's invasion of Ukraine in February 2022 irrpacled on any hopes Ihat Ihe global economy might be able lo move on from the destruction ofthe pandemic. Hq)88 fora swfter transition to more suslainable sources of enèrgy have taken 8 knock in the process. with global coal use set to hit an all-time high. World oil markets weTe aLso reGast as weslem countries tried to limit Russia's revenues, one of the many moves aimed at disrupling its ewnomy. The conflict wrecked suppty chains, threatened global food markets. and fuelled a global cost of living risis. Jthough there were sign5 that headline inflation had peaked. core Inflati￿ in many countries continued to rise. Contsining this surge by ralslng Interest rates was the main prec￿upation of the wcrld's central banks over the year. The US Federal Reserye, the European Central Bank, and the Bank of England began to slow the pace of rises toward5 the end of the year, but at the same time dented investor optimism with wamings that their policy kn'ghlening still had a wayto go. The combination of higherborrowing o)sts, a strong dollar, and the rise li inflation meanwhile has left many of the world's kKJorer GtJuntri88 With serious debt problems. As 2022 drew to 8 ck)se we h8d another reminder that Ihe pandemic is far from ovw. Chln8 wa8 hit by vA)8t it calls an "exit wave- of infecdon8, after abnjpuy abandoning Its stringent ze￿￿COV1d polici8s that had so badly damaged its ee￿nomy. with dats laying bare the hrt to its pUb￿C finanGe. Page11

WYGGESTONS AND TRINrrY ALIASHOUSES {FORMERLYWYGGESTON'S HosprrAL CHARITY) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Againstthis b3ckdrop ihe broad MSCI AC World Index ended down-8.1(ht In sterllng tgmig. but down neaty a frflh in value in local currency terms, as weakness in GBP protecte(i UK Inv6stors from the worst of the 8quity market falls. Equitieswitnessed Iheirbiggestdeclnes since 2008. with bourses from Wall Streetto Shanghai and Frankfurt all seeing significant fa115. Ai the sector18vel retums were negative across almost all areas energy Ihe major exception. The UK market benefftted from energy and mining Cornpany exposure. as well as pharmaGeuticals, ending the year up slighlly in posilrrfe lemis. Bond marf(ets also saw heavy selling; the US 1 Ikyear govemment bcfid yield, a global benchmark for long-term borrowing Gosts, moved up from 1.5% at the end of 2021 to 3.gQA. the biggest annual rise in Bloomberg records going back lo the 1960$. In the UK I￿year gilt yields moved from 0.97% at the start of the year tr) 3.55% at the end ofthe year, 4thich reftects a retrxn of-23.8% overthe year. UK inftation linked bonds fell a slaggering -33.6y.. The parallel falls in equities and bonds proved a challenging headwnd lor Inveslors in 2022. ComModit￿S were one of few sources of pnrtection. boosted by the US dollar strength. The porfolios fell 4.SVo overthe pettod. rnor8 than 5% ahead of the peer group. High levels of infiation in the UK have made meeting infiation plus tsrgets more thallenging in thè Shorter tem. Despite this the brokers remain confident ￿ the abirtyto meet rfation plus targets over the longertsrni. Portfolio value al the commencement of 2022 was £6,079.453 and the dosing value £5,641,205. Income payments lo the Charlty totalled £13&116 over the year. 15.5 Agricultural Estate and 0th8r Real Eststg This year has seen c(yitinued development cr05s th8 Estate. The long t8nn trand from Agricultural Holdings Act Tenancies to Fann Business Tenancies has reached atipping pointwlth.encourage￿ change. meaning thatthere is now more land under FBT than AHA. Seven areas of knd are under aclive managementfor change Y￿th development in prosp8rt. Agriculture is undergoing radical charvje at present ¥￿th Major change in Governm￿¢ Polcy. m&aning transition to new funding regimes and business models is inevitable. Despite this agricullural land values have remained resilient. Against trend, the Estate sold over 200 acres of arable land achieving a very satisfactory resulL A formal valuation ofthe Estste is carried OLrt every 5 years. As ot 31 December 2022 the Eslate had a value of £40 Million. The valuation was carTied out by Andrew Granger & Co, Chartered Surveyors and Registered v￿Ue1$. D￿erSIfication, but slill rural and land basad has driven a robust performance over the last 12 months. but huge thange Is underway in the sector. 15.&1 Malntenance The Agents arrange general maintenance and insuranc8 on the estate vthere rl remains the landlord's responsibility- They have standing instnjctions that they may SFend up to an amount equal to IO% of rental Income, wtthout referring back to the Govemors for such maintenance. Th8 10% level r3 t8ken over a trffee-year rolling programme to allow for the various fluctuatbns eath year. Page 12

WYGGESTONS APID TRINrrY ALMSHOUSES (FORMERLYWYGGESTON'S HOSPITAL CHARITYI TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 15.5.2 W￿lt Each year the Govemofs ryth their advlsors VIS￿ elther an exlstkng holding or. if new land has been purchased. visit to meet any newteTrantl51 on the Estats. The usual vlsh CYC￿ is about everyfive years. In 2022 the Governors and their advisors visited Grange Fam, Kings Norton, a mixed livèstock and an arabte farm, and Manor Fann Gaulby. a dairy farm. The Estate visit to)k place on Friday 16 Septernber 2022 and was well attendèd. 15.6 Pon$lon$ Wyggestons provides all its digible employe@s with a workplace pension scheme under the umbrella of Tha Pensions Trust. Though the majoiity of our staff are members of defined contributions plan, a srnall number are also members of the original scheme that had an element of capitsl guarantee, and as a group style scheTne exislng meuthrs are mutualty lable for each otherfs debts. There is a potential debt on wrthdrawal and following advice in 2012 the Govemors therefore fell it prudent to initially reserve a sum of £100,000 agalnst these rèal and polentlal Ilabilitses. This has b8en revk8wed ty our penslon advisers in 2022. and the defidt has reduced through the efficient m8nag8ment of the deficit, and the liatrility is now assessed to be around £29.000. The Govèmors agreèd lo réduce the designaled fund to £65.OCWJ acLX)rdingly. following the most recent T8view of the Plan to meét this debt and associated Costs. see note 26 of the Financial Siatements. The Govemors are aware of an Impending legal revlew of the Scheme. as The Pensth Trust has become aware that there Is sufficient uncertalnty regardlng the effect of some benefil changes made to the schemes over tlme, and that the directions of the Court are lo be obtained to provide the Trustee vth the certainty it needs to properly administer The Pensions Trust. The risk register for the Charity has been updaled to allow for any additional financAal burden from the expected legaljudgement that may adver6ety affert the levy. 15.7 Grants- Recelved Dumg the yearth8 Charity received a grant of £500 from the Duchy ofLan¢asier. vthich Is used towards the costs of Founders Day celebrations. 15.8 Fundralslng The Charrty was not invofvod drrÈctly or Indlrectty in anyfundraklng for ils own benefit during 2022, and is unlik81y to undertake any fundraising in the near future. The Chaiity had no fundraising activtknes requiring disclosure under S162A ofthe Charities Act. 15.9 Sub51dltty Companle5 FollovAng the post balance sheet merger with Trinity Hospilal CIO. the Chaiity now operates on tsvo siles and hc4ds tho Truity Hosptsl Chartiies CIO as a domiant tharity. 15.10 Reserles Pollcy Free Teserves are calculated as the general unrestricted funds of the Charity. excluding the funds invested In tangible f￿ed assets. Page 13

WYGGESTONSAND TRINITY ALMSHOUSES (FORMERLYWYGGESTON'S HosprrAL CHARITY) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 The Charfty had in the unrestricted g6neral fund free reserves, which excludes tangible fixed assets, negative funds of £578,398 * the end of Ihe current year. This Is calculated by taklng the closlng total funds, less pemanent endowment. restricted fijnds, L8ngible fixed assets. designated funds and adding back loans taken out to support capilal additlons and the lease premium deferred income cTrdltor. The &)v8mors considerthat a minimurn of six months of the Charty's annual expendEture is a realistic figu￿ In order to cover risks and uncertainti8s. For th8 year ended 31 December 2022 this would totsl £1.323.789 and thus the free reserves fall outside this range. The level of free reserrfe8 during the year has fallen below Ihe target S8t by the Govemors largety as a result of the initial stages of the Lancaster House and cottages capilal project being financed oul of eyisllng cash resources, in &xce88 of prolected working capital requirements. On complellon ol the project In 2022 the Govemor8 intend to manage the Charity's resources with a vi8W to recoverlng the level of free reseNes over Ihe medium temi. 15.11 Extraordlnary Ropalr Fund IERF) and Cycllcal Malntonance Fund (CMF) The unplanned major WOTk8 are funded from the ERF. and in 2022 th8se were the unexpected works to replace the boiler system at William House, and Agnes House water heaters. Other general mainlenance iÈems ware allocated dlreGtty to the general repalrs and malnlenance budget. The CMF are used to fuThS refufblshmenl of apartrnerrts. and other planned works Identified through the quinquennial suNey 8nd ongoing projects. 15.12 Trnnsfev¥ The Charity Stheme requlres Wyggestons lo provlda a CMF and ERF degignatBd funds to cover costs of cycllcal maintenance and extraordinary repairs. these have been increased by £13k. It was agreed funds lo be CMF £615K and ERF £200K for Ihe year ended 31 Dewnber 2022. 16. SENIOR STAFF Ajlhough the Board of Govern(rt ￿ the legal entlty th responsibility for Ihe 8ssetS and management of the Charty, day404ay management is carried out by the senlor staff. These are The Master (who under the Terms of the Charty Scheme must be an Ordained Priest ID the Church ol England) - the Reverend Anthony ffony) Leighton, who is responsible for the pastoral car8 of the residents and any employee or Govemor, who seeks his help or guidanc8. Rev Leighton's apwintmentwas exiended for a fvrtherfNe years during 2019, with the approval of the Govemors, Bishop of Leicester and Ihe Duchy of Lancaster. The Chief Executive Chrts Jones is responsible for all ofthe day-l(￿daY management ofthe Charty. and also acts as Company Secretary, and Clerk to the Governors. Louise Rithards Head ofcare is responsiblefor the care and welfare of all residents. For remuneration detai15 see note 12. The remuneration pad(a9e for e3ch emph)yee is detemiined by reference to extemal fathors suth as clergy pay Scales or comparativ8 figures from the press for similar wsitions. Appointments are made following the standard industy procedure of formal application. interview and background checks. such as references. and Enhanced DisdosuFe and Barring Cheth. Page 14

WYGGESTONS AND TRINrrY ALMSHOUSES IFORMERLYWYGGESTON'S HosprrAL CHARITY> TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 17. PROFESSIONAL ADVISORS Tho profo$8lonal advlsors of the Charity are: Audrtor and AcrA)untants Bankers MHA 6th Floor 2 London Wall Place London EC2Y SAU National Weslminster Bank plc 1 Granty Street Leicesler LE16EJ CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4TA Follimng a rebrandlng exercise on 15 May 2023 th8 trading name of the ChariVs independent Auditor changed from MHA MaGlntyre Hudson to MHA. A resolution to reappoint MHA as Thidependenl Auditor wll b8 proposed at the nextAnnLJal General Meeting. Land Managing Agents Solilmtors drew Granger and Company Stoughton Grange Gartree Ro LeiGester LE2 2FB Browne Jacobson LLP MowbTay Hous8 Caslle Meadow Road Nottingham NG21BJ Invéstment Managers Investment Managers abrdn Capltal Bow Bells House 1 Bread Street London EC4M 9HH Cazenove Capllal Management 1 London Wall Place London EC2Y SAY PensiDns Advisors Mattloll Wood8 1 New Walk Pla Leicester LE16RU Page 15

WfGGESTONSAND TRINrrY ALMSHOUSES (FORMERLYWYGGESTON'S HosprrAL CHARrrY) TrUSTEES' REPORT {COPfflNUED) FOR THE YE4R ENDED 31 DECEMBER 2022 18. REGISTERED OFFICE (FOR ALL CORRESPONDENCE The Administration Office Wyggeslons 160 Hin¢kley Road Leicester LE3 OUX 19. STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees are responsible for preparlng the Trustees, Annual Report and the Flnandal Statements In accordance wilh applicable law. and United Kingdom Generally Accepted Accounllng Praclice (United Kingdom Accounting Standards). The18w applicable to chari￿es In England and Wales requires the Tnjstees to prepare Financial StsteM￿ts for each financlal year. which give a true and fair view of ihe state of affairs of the Charity. and of the incoming resources and applic8tion of resources of the Charty for that year. In preparing these Financial Statemen15 the Trustees are requlred to: selert suitable aLxounting policies and Ihen appty them consistenty, observe the methods and prin¢iples in the Charities SORP: make Judgements and esllmates Ihat are reasonable and Fmudent. State whether applicable accounting stsndarts have been folb)wed subject to any material departures discb)sed and explained in the financial 5tateTnents", and preparethe finanGial statements Ihe golng ￿n￿rn basis. unless it is inappropriateto presume that the Charity will conbwe in business. The Tnjstees are responsible for k&eping adequate a¢¢ounling ￿c￿dS that are Slrffiaenl to show and explain the Charit￿S transactions, disdose reasonabte accuracy at any time the finan￿81 position of Ihe Charty. and enable them to ensure that the Financial Statements comply Y￿th Ihe Char￿leS Act 2011, the Charitles {Accounts and Reports) Regulations 2008, and the provlsions of the Charltys con8tltutiim. They are also responsible for safeguarding the ass818 of the Charity. and hence for taking reasonable steps for the preventlon and detectlon of fraud and other irregulariiies. Page 16

WYGGESTONS At4D TRINrrY ALMSHOUSES {FORMERLY PlnGGESTON'S HosprrAL CHARITY TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 20. OBJECTIVES AND ACHIEVEMENTS In last yearfs r8view a number of objecves were sel out for 2022. These are Ilsted below together our achievement: we cJJnpl8t8d the Constructi￿ of the n8w Lartsister House & Cottages (Cheryleas site) lo develop 14 new wopertie& administration offtes and community rooms for Ihe Charity: we comp￿ted the refurblshment and reopened the Ink brfdge bew Ihe Almshwses and the Agnes House care home. to improve the connectlon between the tsvo S6fvlces and b￿ng tha communlty back Jether: we commenced the construGti(m of the Wyggestons Garden. to provKle enhance commun814)ace for our resldents.. (wr development was awarded the Procon Lei￿tershire Large Residential Develryjment in the 2023 at 8nnual awards ceremony held at the King Power Stsdium in Leicester., the water heatlng system for Agnes H￿se was replaced and upgraded. the refurbishment of Iha ground l)or communal conidors and facilities al Agnes H￿Se were completed; and th8 work of the Looking Ahead Group continued to consider other strategic oppclunities. and ¢)versee of the Cheryleas development. 21. OBJECTIVES FOR 2023 lo completethe merger ofthe Charity5￿th our partners Tiinty Hospilal Charilies CIO, to enable the Charity to expand tts ser¥lGes to more ben8ffluaries' to complete the new Wygg85tims formal Gard@n$' to modemise and upgrade the communal rooms. and corridors spaces in William House Almshwses to reflect the standard of owmmodation provlded in the new Lancaster House development. we will recommence the Governors vlslts. to continue Ihe work ot Ihe L￿&ing Ahead lknp to oversee the completion of the currertt projects, arKI explore (wportunits8S to devek4) the Charity's activilies and o￿all)n$. an to review our ALp"tor and Accountsncy Adwsers. Page 17

WYGGESTONS AND TRINrrY ALMSHOUSES (FORMERLYWYGGESTOWS HosprrAL CHARITY) TRUSTEES. REPORT {COr￿1NuED) FOR THE YEAR ENDED 31 DECEMBER 2022 22. POST BALANCE SHEEr EVENTS Th8Trinity Hostilal ChaTltl8s CIO, founded in 1331 by the Duke ofLancaster. was a Tegist6red Almshouse Chaiity administered by Trustees under the temis of a Charty C(rfnmission Scheme dated 20 Noven*Jer 1969. In Decembw 2020 the former board sought the assistance of the Wyggestons Hospiial in managlng the Charity going forward ta safeguard Its futur8. FOlkn￿n9 discusslons betsvBen the Charitles, and a delalled due dlllgenc8 exercise. in September 2021 a small number of the Govemors ofthe Hospital fomied the new Board as Trustees of the CIO. The CEO took on the day to day managernent of the Charty under a servi￿ Level Agreement with lh& CIO. In Aulumn 2022 Ihe Board of Govemors pass8d a resolulron lo seek Charity Commission approval to transfer all of the assets oflhe Charity to the Hospilal of William Wyggeston and merge the operations of the Iwo Chadties together. Approval was received from Ihe Charity Commission in March 2023 and the formalities were ¢ompleted on 31 M8rch 2023. The Trinity Hospital Chartlies CIO will be relained by Ihe Govemor5 as a donnant dwrity for the foreseeable futur The assets of the charity include Trinty Hosprtal, 23 units ofshettered housing Almshouse in Weslem Boulevard, Leicesler and landholdings in Leicester and Endety, in addition lo an investment portfolio. Thr88 memb8rs of stsff transferred to the new Chafity under the TUPE Tegulalions. To reflectthe common heritage of the ChaTitie5 from 31 Marth 2023 the Board of Govemor5 pa55ed a resolubon to amend the name of th8 Charity accordingly. The new Charfty Is named Wyggeslons and Trinty Almshouse Charity. The Corporate Tll￿tee name has also been amended trj reflect th￿ Change and been registered and appmved by the Charity Commission and Companies House. Page 18

WfGGESTONS AND TRINrrY ALMSHOUSES (FORMERLY WYGGESTON'S HosprrAL CHARITY) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 NAME COMMrrrEEISI' APPOINTED LYPIRES Honorary In• voling rl9hts The Lord Mayor of the City of LeicesterfL the tlme being Annual appoinlmenl. O D Lucas passed away 07.02.22 2017 J K McLauchlan 2023 nla Cwt•d110) (TeTm of 7 YeaT5) Mrs S V Hubner R L Plerce Mrs E M Bamford Mrs A Brown Mrs T M Phillips Mrs S R Powell Dr R P Arch&r DWLax W Wright EEXFHLAR EEXFR HEXLAR (Ch of House) IV Ch of Estate) e4 Ch of House) 1983 26.06.24 2tX17 24.06.28 2016 21.06.23 2016 21.06.23 2016 21.Oe.23 1996 21.02.24 2018 27.02.25 2019 01.02.26 2021 25.08.28 AHEXEFLAFSR AEEXFFSHLAR Ich of Estates) (Ch of Board) AEEXFFSLAR Ch of Financg) EX￿fficI0 (l) Master of the Hospltal (Term of 5 years) Rèv'd A R Leighton EEXFFSHLAR 2019 01.11.24 Nominated {91 (Tern? of 5 Years Appolnted By Lelcoster Clty Councll (4) Dr S Barton MsADByme Canon J B Nayk]r 2019 30.05.24 2022 25.03.27 2023 31.03z4 . Appointed By L•lcostershlreCounty Councll Educatlon Committee12) P Osbome P Posnett AEFFSHLAR (Ch of Finance) 2017 01.10.27 2018 11.03.23 Appointed By Lelcester3hlre County Councll So¢lal Servlces CommSttee12) J W Royce L PhllinTry8 EFHLA 2001 27.06.26 2022 01.02.26 Appointed By Leicestgr Clty NHS Prlmary Care TNst11) O J Saunders AEEXFFSLAR IV Ch of Board) 2009 14.05.24 Page19

TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 'Commlttees: A- Audit F8= Finance Sub E= Estate Ex- Executlve H - House and Grants LA= Lookng Ahead F = Flnance R = Review Ch- Ch8irman V Ch - Chairman I correspmdence to the Govemors should be addressed through the Registered Office. The Charty als operates under the name Wyggeston's Hospital Charity. Sandra R Powell Chairman of the Directors of Wyggestons and Trinty Aknshouses Date 23 August 2023 Page 20

WrfGGESTON8 AND TRINITY ALMSHOUSES (FORMERLY WYGGESTON'S HosP￿AL CHARITY) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF WYGGESTONS AND TRINITY ALMSHOUSES IFORMERLY WYGGESTON% HosP￿AL CHART Oplnlon We have audited the finandal 8tatem8nis of Wygg8slons and Trinity Almshouses (Formerty Wyggeston's Hospitsl Chartty) {the chadty) for the year ended 31 December 2022 whlch ￿Mp￿Se the Statement of Flnancial Actiwtses. the Balance SheeL the Statement of Cash Fknws and th8 related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is appli(2ble law and United Kingdom Accounling Stsndards, induding Finanrial Reporting Standard 102 'The Financial Reporting Standard applicable in Iho UK and RepublG of Ireland, (United Kingdom Generally Att8pled A¢￿untIng Practice>. The financlal statements have been prepared in accordance ￿￿th Accounting and R8POrting by Charftles prepa￿ng thelr a￿)Unts in accordance with the Flnandal Reporting Standards appficable In the UK and Republlc of Ireland IFRS 102) in preference lo the Accounling and Reporting by Chariti85.' Statement of Recommended Practice issued on 1 Aprll 2005 which 1$ referred to in the extant regulations bul has been withdrawn. This has been done in order fcf the accounts to provide a twe and fair view in 8￿rdanCe Wth the Generally Accepted AcGountirFg Practice effective repothg periods teginning on or after 1 January 2015. In our oplnSon the financlal staternents: glve a true end fair view of the state of the tharivs affairs as at 31 Decemb8r 2022 and of it5 incoming resources and aprlication of resources for the year Ihen ended,. have been prcperfy prepared in accordance whh United lfjngdom Ggn8ralty Accapt8d Accounting Pracltce: and have been prepared in acc(yd8n￿ the requirements of the Chafitres Aci 2011. Basis for oplnlon We conducted audit in acoydance InteMatiC￿aI StsrKlards on p￿diting <UK) (ISAS (UK)) and appllcable law. Our respoftsitmltt￿ under those slar#lards are Jrther desc¥ibed in the Auditors, IWM)nsibi5ities forthe audit of the finanual Statements section of our repoTL We are independent of the thaiity in aC￿rdanCe the ethic81 requirements that are rel8vant to our audit of Ihe fin8nc4al statements in Iho United Kingdom. induding ihe Financ4al Re[￿ing Counol's Ethical Standard. and have fijlfiled our other ethipAI responsibs'lities in ac¢yNdance with these requirements. We belleve that Ihe audit ewdencè we have obtained is sufficient and appmpriale to pr￿￿de a OUr￿l￿70n. Concluslons velating to 90ing concern In auditrng the financial statements, we havè ￿nduded that Ihe Tr￿tees. use of the golng C￿ne￿n bssis of accounting in the preparation of the financial Staterne￿ is appmtMiat8. Based on the worf( we have perforyned. we have not idenfified any material uncertainties relating to events or conditions Ih81. indmdually or u)Iledivety. may cast signtficant doubt rm the charilvs abilityto CAintinue As a going concem for a period of at least tsvelve months from when Ihe financial statem￿ts are avthortsed for Issue. Our responsibilities and the responsibl￿tieS of the Tnjstees wilh respect to g￿ng concem 8re described in the relevant sections of this reptyL Page 21

WYGGESTONS AND TRINITY ALMSHOUSES (FORMERLY WYGGESTON'S HOSPIT￿ CHARITf) INDEPENOENT AUDITORS. REPORT TO THE MEMBERS OF WYGGESTONS AND TRINITY ALMSHOUSES IFORMERLY WYGGESTON'S HospifAL CHARtrY) ICONTINUED Other Informatlon Th8 oih6r infomiatton comprises the information induded in the Annual Report other than the financial statements and Audftors. Report Ihereon. The Twstees are responsible for Ihe other information contained wtthin the Annual ReporL Our opinion on the financial statements does not COV8r Ihe other infomiation and, except to the extent otherwise expliuttyslated in our report, we do not express any fom of assurance conclusion th8reon. Our responsibilr(y is to read the other information and. in doing so. consider whether the other infomiation is materially inconsistent V￿th the finanaal statements or our kn￿edge obtained in the course of th8 audfÉ. or otheNlse appears to be materfally misststed. If we Identify such Mate￿al Inconsistencies or appargnt material mi8Stalemenls, we are required to delennine whether this gives rise lo a maierial misststement in Ihe finandal statements themselves. If, based on the w￿k we have performed. we cOnC￿de that there Is a matertal misstatement of thi8 Other infomialion, we are required to report Ihal fact. We have nothing to report in Ihls regard. Matters on whiGh we are requlred to report by exceptton We have nothing lo rep)rt in re5￿ct of the folltwiing matlers where the Chartbes (Accounts and Rèportg) Regulation8 2008 requires us to report to you if, in our opinlon: the infomiation given in the Twste8s' Rewrt is inconsist8nt in any material respect with the financial statements: or sufficient accounting records have not been kept" or the financ4al statements are not in agreement the accounting record5 and retums; or we have not received all the infomialii)n and explanations we require for our audit. Résponslbllltles of trustees As explalngj more fully In Ihe Trustees. Res[th￿bIllIeS Statement. Ihe Trustees are responsitle for the preparation of the fman(aal ststemeJts gNe a true and fair miaw. and for gjch intemal control as ihe Trustees detennine is necessary to enable 1he prepaTrti(m of finanryal ststernents that are free from material misstatemen( whether due to fraud or errrjr. In prwng the financial statements. the Trust￿ are responsibb for assessing the thariws abiltty to continue as a going con￿rn, disdoslng, as apph'cable, matters related to going concem and using the going concem basis of accounting unless the Trustees either irttend to liquidate the charity or to cease operations, or have no reallsllc altemative but to do so. Audhors. respon8lbllhles for the audft of the flnanclal statements We have been appointed as auditor under secticn 144 of the Charities Act 2011 8nd report in 8cccKd8nce with the Act and relewant regulations made or having effe£t ihereunder. Our objeclives are to obtain reasonabb assuran￿ ab¢Art thether Ihe fin8n(aal sL*6ments as a whole are free from malerfal mlsstatement, whelher due to fraud or error, and to 188ue an Audltors, Rèport that includes our opinion. Reasonable assuran￿ is a htgh revel of assuranrE, but is n¢t a guarantee that an audit conducled in accordance V￿th ISAS (UK) will aknys deteGt a rnaterral misstatement %then il exists. Misslalements can arise from fraud or error and are considered malerial rf, indmdualty or in th8 aggregate, they rKJuld reasDnabty be expected to influenc? the economic decisions of users taken on the basis of these financial statements. Page 22

YNGGESTONS AND TRINrrY ALMSHOUSES (FORMERLY WYGGESTON'S HosprrAL CHARrrY) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF WYGGESTONS AND TRINrrY ALMSHOUSES (FORMERLY WYGGESTON'S HosprtAL CHARITY) (CONTINUED) Irregularittes, including fraud, are Instsnces of nonthcom[￿aDre wth laws and regulations. We deslgn prccedures in line our responsibilitres, ouuined above, tr) detect material misstalements in respect of irregu5arilies, induding fraud. The extent to whith wr procedureg are capable of detecting iwularitles, induding fraud Is détailed bekwi.. Obtaining and understanding of the leg81 and regulatory frameworks that the Charity operates in. focusing on those laws and regulations that have a direct effect on the financAal statements; Enquiring of management and Govemors around known or suspected intstanc￿ of nonrycompliance of laws anij regulations and fraud. Dlscussing among the engagement leam reg¥dlng how and fr8tJd mlght occur in the finandal slatements and any potenltal indication$ of fraud" Remewing minutes of meetings of those tharged wilh govemance. Reviewing Financial Statement di8cEosures and testing to SuppO￿ng documentaiion lo assess compliance with applicab￿ laws and regukqtions- and Perfoming audit wotk in relation to the risk of manag8ment overrid8. induding testlng of ioumal entries and other adjustments for appropriateness and revE￿tyng accounting estimates for bias. Because of the inherent limilatEons of an audlt, there is a ￿sk that we wlll not detect 811 irregularlties, includlr•J thos8 leading to a material misstatement in the financial statements or non-compliance with ragulation. This risk increases the more thal compliance with a law or regulation is removed from the events and transaclions reflBcled in the finandal statements, as we Viill be less likety to become aware of instanc£s of nOn￿￿mplIanC8. The risk 15 also greater regardlng irregularities occurring due to fraud rather than error. as fraud invohes Intentional conceatmenL fryy. ry)lUsi(￿. omisslon or misrgpresentation. A further descript'on of t)ur responsibllitles for tho audit of th8 financial Statern￿ is located on the Flnancsal Reporting Coune41'9 websKe at www.frc.OT .uklauditorsrgS nsibilities. Thls descrlptlon forms part of our Auditors, Report. Use of our report This report is made solely to the Charitys Twstees. as a body. in arLOr￿ce with Part 4 of the Charitles {Aecounls and Reports) Regulation5 2008. Our audit work has been undertaken so that we might stste lo the Charitys Trustees those matters we are required to slate lo them In an Auditors, Report and for no other rpose. To the fullest extenl permitted by law, we do not accept or assume responsibility lo anyone olher than the Charity and its Trustees. as a body, for our audit work. for this repor( orfor the owions we have formed. MHA London Date: 31 August 2023 MHA are elolbl• to act as a￿lI10rS In ternis of seclb3n 1212 of the Companies Act 2006. MHA is the trading name of MaclntyTe Hudson LLP. a limiied ￿abilIty partnership in England and Wales (registered number OC312313). Page 23

WYGGESTONS AND TRINrrY ALMSHOUSES (FORMERLY WYGGESTON'S HosprrAL CHARITY) STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestrlcted fvnd¥ 2022 R¢strlctsd Endowment fvnds funds 2022 2022 Tolal fvnds 2022 Total funds 2021 Note Income and endowments from: Donations Charitable aciiwties Invesknents Other income 7,867 1.674.133 1.188,129 84298 4335 11,202 1,674.215 1,188,129 84,298 &515 1,415,255 1,073,015 89,509 Total income and endowments 2,954,427 3A17 2,957,844 2,584.294 Expendltuie on: Raising funds= Investment managets fees Estate expeNJilure Charitable &tivities 62.564 62,564 212,419 2,372,596 60,154 214.823 2,383.343 212,419 2,359,389 io 2,515 10,692 Total oxpendltuve 2,571,808 151S 73,256 2,847.579 2.658,320 Nèt 1n¢om¢l(expèndl￿rfjj before net gains on Investmonts Nel gains on Invesfmenls 382,619 902 (73.256) 310.265 r14.026) SJK988 5,945,988 5,163,905 Net movement In funds 20 382.619 902 5.871732 6,256,253 5.089.879 Page 24

WYGGESTONS AND TrINifY ALMSHOUSES (FORMERLY WYGGEsfoN'S HOSPITAL CHARITY STATEME￿ OF FINANCIAL AcT￿￿lEs ICONTr4UED) FOR THE YEMI ENDED 31 DECEMBER 2022 Unreslrlctsd funds 2022 RostrfGled Endowment fund8 funds 2022 2022 Totsl fund$ 2022 Totsl funds 2021 Note Reconclllatlon of funds: Total funds brought forward Net movemenl in funils 4.972,376 382,619 &573 902 46,969,183 5,871732 51,947,132 6,256,253 46,857,253 5.089.879 Total fvnds carrfed forward 20 5.354.995 475 52.841.915 $8.203.385 51,947,132 The Ststement of Financial Activities indudes all gains and losses recch3nised in the ypar. The notes on pages 28 to 53 fom part cl these ffin8naal slatements. Page 25

WYGGESTONS AND TRINrrY ALMSHOUSES (FORMERLY WYGGESTON'S HosprrAL CHARITY) BALANCE SHEET AS AT 31 DECEMBER 2022 2022 2021 Note Fix•d aBs•ts Tanglble assets Listed investmer Investment propety 14 15 9.912.493 10.270,911 40.000.000 9.104.769 11,715,642 35,532,041 16 60,183,404 56,352,452 Current ass•ts Debtoys Cash at bank and in hand 17 23 147,164 2,954,834 208.276 861.768 3.101.998 1.070,044 Creditors: amounts falling due %%ithin on8 y8ar 18 (2.782.235) (3,127,670) Net cuTrent asgelty l (IFabilltes ) 319,763 12,057.6261 Totsl assets less current Ilabllltles 60.501187 54,294,828 Creditors.. amounts falling due after More than one year 19 (2299,7821 12,347,694) Total net assets 58.203.385 51,947,132 Charity funds Endowmenl funds Restticted funds Unrestri(*ed funds 20 20 20 52,841,915 6,475 5,34995 46,969,183 5,573 4,972,376 Totsl funds 58.203.385 51.947,132 The financial statem ts were approved and authorised for issue by the Trustees and signed on their behall by. Sandra R Powell Chainnan of the Dlrectors of w5￿eSton5 and Trlnkty Almshouses D8te:23 August 2023 The notes ￿ pages 28 to 53 fomi part ofthese finandal statements. Page 26

WYGGESTONS AND TRINrfY ALMSHOUSES (FORMERLY WYGGESTON'S HOSPITAL CHARITY) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 Cash flows from operating aclivilies Net Cash used In op¥aUng acttvltles 23 1470,441) (999,0521 Cash Ilows from Investlng actlvltles Dividends, interests and renls from investments Purchase of tangible fixed assets PrO￿e￿$ from sale of investments Purchase of invesknents Purchase of investment properties Pro¢eed$ m disposal of investment properties Movement in investment cash 1,186,733 1,069.540 (1.494.073) {2.921.715) 2,479,237 1.786,449 (1,888,939) 11,828,938) (98,549) (8.247) 164330 3.CK)3 (2TJ,320) 104,148 Nat cash yovlded byl(used In) Investing actlvhles 2,615,419 (1,795,760) Cash from financing activltles Cash infksws from new born)￿ng Interest on loan 2,200,000 (20.262) (51,912) Net Ga¥h (used Inypnjvlded by flnandng actlvltles (51,912) 2,179,738 Change in cash and cash equivalmts in th• y•ar Cash and cash equivalents at the beginning of the year 2,093,066 (615,074) 1,476.842 861,768 Cash and cash equivalents at the end of the year 2,954,834 861,768 The notes on pages 28 to 53 form part of these finandal statements Page 27

WYGGESTONS AND TRINITY ALMSHOUSES (FORMERLY WYGGESTON'S HosprrAL CHARITY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 eneral infonnatlon Wyggeston's Hosprtal Charity is a registered Cha￿ty wlth the Cha￿ties Commlsslon In England & Wales (registered number 216873). The olficial name of the Charity is Wyggeston5 and Trinity Ajmhouses. this changed on 31 March 2023 from Hospital of William Wyggeston and the Hospital Branch. The address of ils registered Offic￿ is 160 F￿nckleY Road, Leicester, LE3 OUX. Accountlng polldo9 2.1 Basls of weparallon of flnanclal statements The finandal statements have been prepared In accordance wfth the Charftles SORP (FRS 102) - Accounting and R8POrting by Charities.. Statement of Recommended Practice apFdicable to charities preparing their accourts in accordance vith the Financlal Reporting Standard app￿Cable In thè UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Finanaal Rep(b'ng Standard 8ppliible in the UK and Republsc of Ireland {FRS 102) and the Charities Acl 2011. Wyggestons Trfnlty Almshows (Fomierty Wyggeston's HosF4ts1 Ch81ity) meets the definElion of a PLfblic benefft entity under FRS 102. Assets and liabifrties are inilialty recognised at historical cost or transaction value unless otherwise slated in the relevant aGrounting polcy. The Ch8rity8 functional and presentatlonal r#Jrrency18 Brmsh Pound Sterlbng {£) and Is rounded to the nearest P)Ur￿ (£). The followng w1n￿paI accounting policies have been applied. 2.2 Golng concern The 2023 budgets and forecasts have been drawn up and amended wSth conslderatlon ol the external economic volatility of energy and rA>St of Iving ￿sts and their impact on the Charitvs overheads and Go¥ts whilst ensuring the affOrda￿litY of our Services for our beneficiaries. The Ixjdgets and forecasts are supported by a monthly reviewed Gashllow anatysis that 15 rnanaged by the Govemors and senior slaff. The In￿Me being derived from the recent expansion of the Aknshouses provision coupled with excellent occupancy rates and dNersification of Ihe Estate Fx)rtfoh'o provides the Trustees Viith the confidence of the financial health of the Charity. The land sale in 2022 has also derived signfficant Ca￿81 receipts that are Cufrenlly held on deposit pending reinvestment as Permanent Endowment funds. On review of these documents, the Truslees believe that the Charitys financial resources and C￿ntingencY planning is sufficient to ensure the abilty of the Charity to ttjntinue as a going conttem for 12 months from the point of signlng and therefore the financial ssalements have been prèpared on this basis. Page 28

WYGGESTONS AND TRINfry ALMSHOUSES (FORMERLY WYGGESTON'S HosprrAL CHARI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2022 Accountlng policles Icontlnued) 2J Income Estate Income Indudes rents recelvat4e on all of the Charfws prOper￿eS. whlch are managed under an agreement where rents are coilecled on behaK of the Charity by an Estste Manager. The properties are rented on an annual rolling basis. Ihe exwtson of the Moto lease whith is on a 99 year lease. Estats rents and weekly maintsnance Gharges are accounkd for on a receivable basi5 or when the Charity has enlitlementlo recognise the income. Resid8ncy charges compri6e amounts receivable for William House, Agne5 House, Lanca5tsr House and the Cottages. Income is recognised on a receiv8bles b8515 or when the Charity has entitlement Donatlon8 are reo)gn18ed on recBipL Incorne from investments is included in the Statement of FinanL?al Activities only rf rec&ved. declared and recei¥oble. Gain5 orlosses arl$ing from the revaluation of investments arg rgGogni$9d in the Stalement of Financial Activities. other income is recognised in the period in ¥thith it i¥ receivable and to the extent the gcods have been pmwded or on completion of the service. 2A Expendlturn Exp8ndibJre is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party. it is probable that a transfer of economic benefits will b8 required in settlem&nl and the amount ofthe obligation can b8 measured reliabty. Expenditure is classifi6d by activity. The costs of each aclivity are made up of the total of direct costs and shared costs, incluthng support costs involved in Lmdertsking each aGlivity. Dlr8Ct cpsts attributable to a single actity are allocated directly to that activity. Shared costs whith Gontribute to more than one adivity and support costs which are not attributable lo a sngl8 activily are apporboned betwgan those aclivitie5 on a basis consistent with the use of resources. Central staff costs are allocated on the ba515 of time spent, and depreciation charges allocatad on the PDrtion of th8 asset's U5&. Expenditure on raising funds indud8s all 8XP8nditure incurred by the Charity to raisa funds for ils charitable purposes and inctudes costs of ali fvndrai5ing activitigs gvents and non-tharitable Irading. Expenditure on charitable activities is incurred on dir8dy undertaking the activities which further the Chaiitys objectives. as well as any associated supplyt costs. Grants payabl& are charged in the year when the offer is made except in those cases where the off8r is condilional, such grants being recognised as expenditure when the conditions attaching ar8 fvirilled. Grants offered subject lo eondilions vfrtich have nol been met at the year end are noted as a mMitrn￿( bul not ?Lxrued as expenditure. All expenditu￿ 1$ indusivo of irre¢overable VAT. P4e 29

WYGGESTONS AND TRINITY ALMSHOUSES (FORMERLY WYGGESTON'S HOSPITAL CHARITY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accountlng pollcl•s Icontlnuedl 2￿ Govemmenl qrants Government grants relating to tangible fixed assets are treated as defe￿ed income and released to the Statement of Finanaal Activities over the exp&cted usetul lives ol Ihe assets concerned. Other grants are c%edited to the Statemenl of Financial Activities as the related expenditure is inuJrre(l. 2.6 Taxation Th& Charity 18 constdared to pass the tests set out in Paragraph 1 Sthedule 6 of the Finance Act 2010 and therefore It meets the deflnllon of 8 charstsble company for UK corporatlon tax pury>oses. Accordingly, the Charity ts potenl'ally exempl from taxation in fespect of income or capital gains received wthin categories covered by Chapter 3 Part 11 of the CoTpofdtion Tax Act 2010 or Section 256 of the Taxati￿ of Chargeabl? Gains Art 1992, to the extent that suGh In¢(me or gains are applied exGlusivelyto tharitable purposes. 2.7 Tangible fixed assets and depreciation Tangible fixed assets costing £5,000 or more are capitalised and recognised when flrture economic benefits are probable and the cost or value of the asset can be measured reliabty. Some assets below the value of£5,000 may a180 b& capitalised at the di8cretion of managemenL Tangible fixed assets are inibalty rewiised at ts)st. After recognilion, under the cost model, tangible fixed assets are measured at cost less aC￿m￿lated depreciation and any accumulated impairment losses. AJI costs inojrred to bring a tangible fixed a$5et into rts Intended wortfing widition should te included in the measurement of cost. Assets in Ihe ￿UrSe of Gonstruction are inGtuded at Gosts inGurred to date. DepreGiation on these assets is not charged until they are brought into use. DepreciatIc￿ is charged so as to allocate the cost of tangible fixeil assets less their residual value over their estimated useful lives. Depreciation is provided on the fdlowing bases: Hospital buildlngs Fixture5 and fillings 2% on a straight-￿ne basis - 5% - 20% on a straight4ine basis 2.8 Investrnonts Quoted invesljnents a￿ revalued and induded in the financial Statements at their market value at the Balance Sheet date. Eslate land and buildings are treated as inveslment properties and (c￿Seque￿llY no depreaation 15 provided. Gains or losses arising from the rava￿allon of investments aro recognised in thè Statement of Financial Activities. 2.9 Debtors Trade and other debtots are recognised at the settlement amount after any trade disefjunt offgred. PrepasTnents are valued at Ihe amount prepaid net of any trade discounts dlte. Page 30

WYGGESTONS AND TRINrrY ALMSHOUSES (FORMERLY WYGGESTON'S HOSPITAL CHARrrY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accountlng polici￿ lcontlnued) 2.10 Cash at ￿ftk and In hand Cash at bank and In hand inclvdes cash and short-temi highty liquid inveslments v*th a short maturfty of three months or less from the date rA acquisition or opening of Ihe dewsit or similar account. 2.11 Llablmtles and provlslons LiabiMi6s are recognised vhen there Is an obffgatlon 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 setdement can be estlmated rellably. Llabllitles are recognlsed at the amount that the Charity anticipates it V￿11 pay to settle Ihe debt or the amount it has received as athancad payments for the goods or services it nwst provide. Provlslons are measured at the best estlmate of the amounts requlred to settle the obllgatlon. 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 pr￿tsx discount rate th8t reflects the risks specific to the liabilty. The unwinding of the discount is recognised in the s￿tem￿l of Financial Actiiiities as a finance cost. 2.12 Financlal Instrumentg The Charity onty has financial assets arnl financial liabilities of a kind trat qualify as basic financial instruments. Basic financial instruments are inilialty recognised at transaction value and subsequently measure(l al their settlement vau8 with Ihe exception of bank loans which 8re subsequentty measured at amortised cost using the effectNe interest method. 2.13 Operatlng lea8eg Rentals paid under operating leases are charged to the Statement of Financial Aclmknes on a straight4ine basis over thè lease tem. 2.14 Operatlng lease income Rental income due to Wyggestons and Trinity Amhouses, applicable to operating leases, ￿ere substantially all of the benefits and risks of ovmership remain with the Chanty are credited to the Statement of Finanual Actiwlies over the lease term. Lease incentives represent lease premium received in advance by the lessLY. the aggregate beneft of which is recognised over life of th8 lease. 2.15 Pensions The Charity operates a defined contribulion pensicffi scheme and the pensi￿ charge represenls the amounts payable by the Charity to the fund ￿ respect of the year. The Charity operates a defined benefits pension SCh￿e and the pension charge is based on a full 8Ctuwial valuatson dated 30 September 2020. See nok 26 to the financial ststements. Page 31

WYGGESTONS AND TiaNITY ALMSHOUSES IFORMERLY WYGGESTON'S HOSPITAL CHARITYI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accountlng pollGi•s (Gontinuod) 2.16 Fund accounllng Permanent endowrnent funds are funds where the Governors are required to hold capital, main répresented by investments. and are not entitled Io sp8nd them, Income arising from these fund5 repres6nts unrestrf¢ted Income. See note 20 to the financial statements. Designated funés comprlse of General Funds, whlch have been set aside at the discrnts'on of the Govemors for speclfi¢ putp)ses. See note 20 to the finandal stslements. Restiicted funds are subject to spectfic Lxjnditions by don￿5 as to how they may be used. The Purposes and uses of the restricted funds are set out in the notes to Ihe financial statements. See note 20 to the fin8ncial slatgments. Crmlcal accountlng estlmats$ and areas of judgoment The preparatiijn of thes8 flnat)dal statements Tequires management 8nd the Govemors to make signiffi￿nt judgements. 8slimates and assumptions that affect the amounts reported for assets and liabiltiies at the year-end and the amounts reported as incijne and expenditure during the year. However, the nature of estimatlon mgans Ihat the actual outcome could dSff8r from those estimates. The follwng judgerner￿ in app￿.n9 acaJJunting poficies had a significant effect on the amwnts reported in the financial statements.. Classffication of MOTO lease as an operatlng lease As reported In notes 18 and 19 of the Itnanoal ststements. the Charlty has grdnted a lease lo MOTO Servic8s over part of ils estate band for the lessee to develop and operdle a motorway seNces area over 8 99-ye8r temi. The manBgernent end Govemor5 of Ihe Chartty have assessed whether the significant risks and rew3rds of ownership have transferred under the lease, and have GL)ncluded the lease should be attujnted for as an operating lea88 and not as 8 financ8 lease. Nature of fea8 receivable under land [￿Motion agreemenls Land promotion arrangements are entered into wilh land promotors or developers when a strategic opportunity is identified lo promote parts of the Chariws existing agrir#Jltural t8nancy estat8 for residential or commerual developmenL Under such arrangemenls, the Charity V￿11 r￿tIve an up-front fee whith, rf and when a pmmDtion 18 successfully conduded. is deducled fmm th8 eventual sales proceeds of the land. In th8 event of an unsuccessfijl promotton, the ￿￿frOnt fee is not refundable to the promotor, and full legal tiue to th8 land is retained by the Charity- Management has judged that the Charity onty enters into such arrang8m8nts rf it is considerably more likety than not that there will be a successful outcome. On this basis. the land invclved vjill eV￿tuallY b8 sold a5 a rapital transadion. A¢wrdingly, such fees are accounted fix as capital receipts and nol as revenue re￿ipts. The following areas of eslimalion uncertairty have a significant risk of causing a material adjustment lo the carrying amounts of assets and liabilities in the ne￿ finanoal year.. valuat1￿ of investmenl prop The value of investment propety is based ￿ a formal valuation provided by an independent expert. Andrew Granger & Company. anfl is carried out on a 5-yearly wje. The expert holds a recc4Jnised and relevant qualification and has a suitable level of experience wilh the dasses of properties owned by the Charity. The key assumptlons used in the valuation are set out in note 16 of the financial statements. Page 32

WYGGESTON8 AND TRJNrrY ALMSHOUSES (FORMERLY WYGGESTON'S HOSPtrAL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Crltlcal accountlng estknates and arnas of judg•m•nt (continued) If ev(denrR emeryes of a material thange in the v￿ve of investrnent property in the Inkrvening years b8tween thè periodic formal valuations by the independent e)pert. the Govemor5 will eilher consult the expert informally or erFgage the expert to prowde an updated fomial valuation as 8ppropriate, to dete￿Ine the appropriate carrying value of th8 inveslrnent property until the next full valuation. Income reo)gnition under the MOTO leas8 incentive The lease agreement with MOTO Services induded the receipt of a cash In￿ntiVe from the legsee at the commencement of the lease. The sum receNabla. nel of direcaty allributable costs, under this incenlive is being recognised as income over the lease temi of 99 years. Management and the Govemors have e3tim8ted, given the considerable length of the lease temi. that the leSS￿S benefit from the lease is concentrated in Ihe e8rlier years of the le85e rather than evenly throughput Ihe lease term. The age profile of release of the remaining lease incentive to income is shown in note 19 of the finandal slatemerrts. Income from donatlons unres￿C￿d Restrfctsd fvnds 2022 Total fvndg 2022 2022 Donations 7,867 3.335 11,202 Unrestricted funds 2021 Restricted funds 2021 Total fijnds 21)21 Donations 3.572 2,943 6.515 InGome from charftable actl¥ftles Unr•strict•d Restri¢t•d funds nds 2022 2022 Total funds 2022 Residency chatges Catering Laundry Sundry 1.642,879 16,491 1.449 1&314 1,642,879 16.491 82 11396 Total 2022 1,674,133 82 1,674,215 P4e 33

WYGGESTONS AND TRINITY ALMSHOUSES (FORMERLY WYGGESTON'S HosprrAL CHARITY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 In¢ome from tharilable actlvltles Iconllnued) Unre5trided fijnds 2021 TDtsI fund5 2021 Residency charges Calering Laundry Sundry 1.393,735 14.051 1.021 6,448 1,393.735 14,051 1,021 6,448 Total 2021 1.416,255 1,415,255 Inveslment In￿me Unr05tr1ct•d funds 2022 Total funds 2022 Rents receiva￿0 other estste income Dividends from investm8nls 813,926 48,039 324,436 1,728 813,926 48,039 324,436 1,728 Interest receNable 1.188,129 1,188,129 un￿stricted funds 2021 Totsl funds 2021 Rents reGefvable Other estate income Dividends from investmenls Interest receivable 769,267 14,135 289,480 133 769.267 14,135 289,480 133 1.073,015 1,073,015 Page 34

WYGGESTONS AND TRINrrY ALMSHOU8E8 (FORMERLY v4YGGESTON'S HOSPIT￿ CHARITY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Other Incomlng resources Unrestrict•d funds 2022 Total funds 2022 Ctivid-19 Local Authority grants other grants 78,952 5,346 78,952 &346 84.298 84,298 Unrestricted funds 2021 Total funds 2021 HMRC Job Retentron Schema Leicestsr City Councl grants 6.592 82.917 6.592 82.917 89,509 89,509 Expendliure on ralsing funds Estate expenditur Unrestrirted funds 2022 Totsl funds 2022 Repairs Agent's commission Leg81 and professional fees Insurance Rales QuinGentenary o)sts SubsCripti￿s 15,163 129,555 36,372 25,893 2,829 1,298 1.309 45,163 129,555 36,372 24893 2,829 1,298 1,309 Total 2022 212.419 212A19 Page 35

WYGGESTONS AND TRINrrY ALMSHOUSES (FORMERLY WYGGESTON'S HOSPITAL CHARITY) NOTES TO THE FINANCWL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Expendliure on ralslng funds (¢ontlnued Unrestricted funds 2021 Total funds 2021 Repairs Agent's comrnission Legal and professional fees Insurance Rates Quincentenary costs 46,110 263 136,065 18,392 11,293 2,700 46,110 263 136,065 18,392 11,293 2.700 Total 2021 214,823 214,823 Anatysls of grants Grants to Institutlons 2022 Total funds 2022 Grants frjr the Relief of Neady Poor Grants, Wyggeslon School Foundalion 25,000 5.000 25.000 5.000 Total 2022 30.Th)0 30,000 Grants to Institutions 2021 TDtal funds 2021 Grants for the Relief of N8ady Poor Grants, WyYJg8Ston School Foundation 25,￿10 10.CKJO 25,000 10.000 Total 2021 35.000 35,(￿0 Page 36

WYGGESTONS AND TRINITY ALMSHOUSES (FORMERLY WYGGESTON'S HOSPITAL CHARITY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Anatysls of grants (¢onllnued) The Charity has made the folh)wlng rnate￿al grants to Institutlons durfng the year.. 2022 2021 Name of institution Wyggeston School Foundalon Leicester Charity Link 5,000 25.000 10,000 25,000 30.000 35,000 10. Anatysls of expendlture by activities Actkwities undertaken dlrectly 2022 Grafrt funding of activitifj• 2022 Support CQStS Total funds 2022 2022 H05Pital Relief of Needy Poor Wyjgeston School Foundation 1.829,248 513,348 2,342,596 25,000 s,000 25,CrfJO 5,000 Total 2022 1,829,248 30,01)0 513,348 2,372,596 Activities undertaken diredty 2021 Grant funding of actiwties 2021 Support costs 2021 Total funds 2021 Hospital Relief of Needy P Wyggeston School Foundalic 1.535.8 812.453 2,348.343 25,1)00 10,OC(J 25,1) 10,000 Total 2021 1.535.890 35,Crf)O 812,453 2,383,343 Page 37

WYGGESTONS AND TRINITY ALMSHOUSES (FORMERLY WYGGE8TON'8 H08prrAL CHARI NOTES TO THE FINANCIAL STATEhlENTS FOR THE YEAR ENDED 31 DECEMBER 2022 10. Anatysis of expendlture by actlvltles (contlnuEd) Analysi5 of dlreGt Wsts Total lund5 2022 Total funds 2021 staff costs Other staff costs Rep8irs. replacwnents and maintenance Healing, electricity and deaning Rates and insurance Foc*J and drink Telephone Printing. postsg8 and stationery Residents, entertainment Travelling expense5 Subscriptions Sundry expenses Legal and professional fees 1.174,953 29,237 145,619 181552 61,532 69,828 1.036,039 10,963 106.962 143,711 58,436 54,939 3.851 8,380 9.780 15,027 7,957 59,233 20,612 13.861 ,741 14948 107.099 6,291 1.829.248 1,535.890 Page 38

WYGGESTONS AND TRINITY ALM8HOU8ES (FORMERLY WYGGESTON'S HosprrAL CHARITY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 10. Analysis of expendfture by actlvltle5 (contlnued) Analysis of 5UPPOrt costs Total funds 2022 Total funds 2021 Staff costs Depreciation Other staff costs Repairs, replaeernents and maintenance Heating, electriuty and cleaning Rates and insurance Foc#J 8nd drink Telephone Printsng. postsge and stationery Traveulng expenses Subsffiptions Sundry expenses Legal and professional faes Mon•audit fees 192,016 280.719 11975 (253.3261 39.152 42,035 1,101 6.124 14251 251 10.410 58.685 19,825 3,500 51,912 34,718 175,972 171,653 2.390 339,198 216 2,291 279 1.536 13,787 483 7,197 (20,889) 63.064 1,64 20,262 33,366 Loan ￿terest Govemance costs 513,348 812,453 ' The groupings of expenses in respect of direct and support costs have changed in the >Ear. to provid& a c16areT analyEis. therefore the wior year numbers have been redas8rf1¢d. 11. fvAJditor5' romunemtlon 2022 2021 F88s payable to the Charitys auditor the audft oflhe Chaiitys annual accounts Accounts kyepara11￿ and other seTrryce fees 21.500 3.500 18.900 10.300 Page 39

WYGGESTONS AND TRINrrY ALMSHOUSES (FORMERLY WYGGESTON'S HOSPITAL CHARITY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 12. Staff costs 2022 2021 Wages and salaries Social security cA)sls Contribution to defined contribution pension sCh￿eS 1,219.699 99,129 48,141 1,096,100 80,164 35,747 1.366.969 1,212,011 During the year redundancy pawnents were made totalling £Nil12021.. £6.383). The average number of persons employed by the Charity during the year was as follows: 2022 No. 2021 Full time employees Part time emt4oyees 48 57 The number of eM￿oYeeS whose employee benefits (excluding employer pension costs) exceeded £60,000 was.. 2022 2021 No. In the band £60.001- £70.000 The Key Management Perscmn&l of the Charity 8r8 the CEO and Care Manager. Thelr aggregale r8muneratiDn indudiftg employerf$ Nl and emrAo>Eff6 pension ¢ontributions totalbed £139,908 (2021: £128,088) for the year. Page 40

WYGGESTONS AND TRINtrY ALMSHOUSES {FORUERLY WIGGESTON'S HosprrAL CHARITY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 13. Trust¢p'$ remunorallon and expenses During Ihe year. one or more Trustees has been paid remuneration or has received other t￿£fits from an èmploymant with the Charity. The value of Trusiees, remuneration and other benefits was as follows.. 2022 2021 Rev'd A R Lelghton R&muneration Pension cont￿bUIl0ns pald 28.898 2,890 2,883 31,048 2.835 2,000 Other beneffts During the year ended 31 December 2022, expenses totalling £1,217 were reimbursed (ff paid directty to 2 Trustèes (2021.. £672 to 3 Trusiees) relating to tra¥eMing. iterns purchased for the Charity and Govemor events. 14. Tanglble fixed asséts As5els Freehold Flxtures and under property fittlng5 ￿7St￿clI0￿ Total At 1 January2022 Additions Transfers between classes 4785,844 978,124 4141,020 4110,395 110.319 4141,020 13,037,259 1.088.443 (5.141,020) At 31 Dec*mber 2022 10,904,988 3,220,714 14,125,702 Deprecialion At 1 January 2022 Charye for Ihe ￿ar 1.587,378 145.919 2,345,112 134.800 3,932,490 280.719 At 31 December 2022 1,733,297 2,479,912 4,213,209 N•t book valu• At 31 December 2022 9.171,691 740,802 9,912,493 Al 31 De￿Mb￿r 2021 3,198,466 765,283 5,141,020 9,104,769 Page 41

WYGGESTONS AND TRINITY ALMSHOUSES (FORMERLY WYGGESTON'S HOSPITPL CHARITY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 15. Flxed asset Investments Llsted Inv•slm•nts VJluatlon At 1 January 2022 Addltlons Disposals Net gain on invesknents Movements In cash held brokers 11.715.642 1,888,939 (2,493.0241 (1,063,966) 223.320 At 31 December 2022 10,270.911 16. Invgstm•nt property Estate Land Bulldlngs Valuatlon At 1 January2022 Additions Disposals Revaluation 35,532,041 98.549 1800,000) 5,169AIO At 31 December 2￿22 40,000,000 The estate tand and bu&Jings were revalued at 31 December 2022, the valuation was made ty the ext&mal valuers Andrew Granger & Co Ltd, RICS based on an open market value for exlsting use basis. The valuation pnmarity uses market rental values txpllallsed at market capilalsation rates ranging from 1.51JA to 2.5°A, and Is corrobornted by e￿den￿ %there avallable of observable market dats of recent sales of similar estates. All Investment properties are knGated In the Unlted lQngdom. Page 42

WYGGE8TONS AND TRtNrrY ALMSHOUSES IFORMERLY WYGGESTON'S HosprrAL CHARITY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 17. Debtors 2022 2021 Due wlthln one year Trdde debtors Other debtors PrepayThenls and accrued Inc4)me 109,213 2,600 35,351 118,571 1,200 88,505 147.164 208,276 18. CTeditOTS: Amounts falllng duè withln one year 2022 2021 Other loan5 Trad8 creditors Other taxalIc￿ and social seoJrity MOTO lease pranium Other creditors Accruals 2,200.000 54,476 ¥334 47,912 6.211 286,809 2,200,000 160.293 67,301 48,406 8,585 518,340 124,745 Deferred income 2,782.235 3.127.670 The deferred income relates to estate inwme reGeived in Ihe year bthich b& recoJnised in the following financial year. In March 2019 Wyggeston'5 Hosptlal Charity entered into a 99 year lease wth MOTO to develop Land owned by the Charity as a Motorway Service ￿ea. The lease premium of £2.5m, less dlrectly attrlbLrtable costs of £55k, will be released lo the SOFA over the duration of the lease. The I￿0p￿ open&J on 30 Aprll 2021 and Ihe lease premium is therefore now being reGTrJnised. Oll￿r loans represents a h)aD provided by Schmder & Co ￿mIted for the purpose of part- financing the Cherryleas construction project. The loan bears an interest rae of 1.5¢A above bank base rate and is secured by way of charge against the listed investments hekl under the management of Cazenove Capital Management. The loan agraement C4)ntains a -repayab￿ on demand. clause and accordingly the loan is presented as a short tem Rability. However, the substance of the 103n, as documentsd in the loan agreement, is that tl 1$ provided for a lemi of 5 years from the date of initial drawdown. The drawdown on the loan commenced in May 2021 and th8refore repayment in full is due in May 2026. Page 43

WYGGESTONS AND TRINrfY ALMSHOUSES {FORMERLY WYGGESTON'S HosprrAL CHARITY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 19. Creditors: Am¢)unts falllng due after more ihan one year 2022 2021 MOTO lease premium 2.299,782 2,347,694 Incom8 wlll be released as foH¢)ws: 2022 2021 Withln one year One to two years Two to fiv8 years More than five years 47.912 47,418 139.291 2,113,073 48.406 47,912 140,773 2,159,009 2,347,694 2,396,100 Page 44

WYGGESTONS AND TRINrrY ALMSHOUSES IFORMERLY WYGGESTON'S HosprrAL CHARITY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 20. Statement of funds Statemont of funds- current year Balance al 31 Gainsl Dec8mber {1088es 2022 Balance at 1 January 2022 Transfor• inllout) Inc¢)me ExpendAure Unrestricted funds Dosignat8d funds Extraordln8ry Repair Fund Cyclical Maintenance Fund Pension Fund 288,164 (26,538) 161,626) 200,000 633,735 65,000 193,104) 75,Th10 615,631 65.000 9B6,899 {119.642) 13.374 880,631 General funds General Funds 4985,47T 2,954,427 (2,452.166) 113.374) 4,474,364 Total Unrestrictsd funds 4,972,376 2,954,427 12,571,808) 5,354.995 Endoynnent funds Pemanent Endownmenl 46,969,183 {73,256) 5,945,98B 52,841,915 Restricted funds Legacies- Social ActiV￿e¥ Founders Day 5,573 2.917 51)0 12.015) 1500) 6,475 4573 417 (2.51¥ 6,475 Total of fund5 51,947,132 l957.844 (2,647,5791 4945.988 58.203.385 Page 45

WYGGESTONS AND TRINfN ALMSHOUSES (FORMERLY WYGGESTON'S HosprrAL CHARITYI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 20. Statement of funds (contlTrued) D8slgnat8d Funds represent: i) Extraordinary Repair Fund for any unexpethd. high-vahJe repair5 Ihal maybe required to the Chariws tMJildings or facililtes, as Tequired by Clause 26 of the Charity Stheme. Repairs fijnded duTing 2022: £26.53812021'. £14,505). ii) Cyclical Maintenance Fund for ￿anned. high-value main18nance works, induding refiJTbishment of atslrooms. Works funded during 2022.. £93,104 {2021: £18.5651. iii) The Pension Fund was created to represent the real and poknttal liabilities whith may be incurred due lo the membership of employees ￿ Wjweston's HosFYtal The Pensions Trust Growih Plan schem8. This value remains the same in 2022 inline with continuing athce received. Endownment fvnds rep￿Sents. il The permanent Gapitsl of the tharity vthiGh is invested in the listed investrnent rN)rtfolio and gstate properties. It will also indude anyas5et disposal pmceed5 tempordrily held as cash and awaiting reinvestment into other investment assets. Inwme generated from the Investrnents Is avallable f¢ charitable activitie5, purposes, but the endowment capital is nDt available for spending and is to remain intact. RegtriLted funds represents: i) Legacies - tegacies are received bythe Charity and 8re restricted for the slaff and resident and resldent athvities. Funds allocated dumg 2022: £2.015 (2021: £190). ill Founders Day- A donation made bythe Duchy of Lancaster to be used towards Ihe cos18 of Ftyjnders Day. Page 46

WYGGESTONS AND TRINrfY ALMSHOUSES (FORMERLY WYGGESTON'S HOSPITAL CHARITY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 20. Statement of funds (contlnuedl Statament of fund$- prlor year Balance at 31 December 2021 Balance at 1 January 2021 Transfers Inllout) InGome Expendriure UnrestrlGted fund¥ Deslgnated funds Agnes House Conservatory Extraordinary Repair Fund CycliGal Maintenance Fund Pension Fund 552,430 94.560 1.300.276 499,215 100,oIXI (552.430) {94,560) (997,607) 153,085 (35,000) {14.505) {18.565) 288.164 633.735 65,000 2,546.481 133.070) 11,526,512) 986,899 General fund5 General Funds 2,431,328 2,581.351 (2.553,714) 1.526.512 3.985,477 Total Unre8trlGted fund8 4,977,809 2,581,351 {2,586.784) 4,972,376 Endovmont fuThJs Pern￿￿ent End(A¥nment 41,876.124 (70.846) 5,163.905 46,969,183 Restricted funds Legades - Scdal Actmlles Founders Day 3.320 2,443 (190) (500) 5,573 3,320 2,943 (690) 5,573 Total of funds 46,857.253 2,584.294 {2.658,320) 5,163,905 51,947,132 Page 47

WYGGESTONS AND TRINrrY ALMSHOUSES (FORMERLY WYGGESTON'S HosP￿AL CHARITY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 20r2 21. Analysis of net assets between funds Analysis of n•t assets b•twe8n fvnd¥ - currenl year Unre5trtGted Restricted Endowment funds funds funds 2022 2022 2022 Ti)tal funds 2022 Tangible fixed agsets Fixed asset investments 9.600.556 311,937 9,912,493 10,270,911 10,270,911 37.270.887 40,IM)O,000 4,988.180 3,101,998 12.782.235) Il299,782) Investment pry8ty Current assets Creditor5 due wthin an8 year Credltors due in rnore than one year 2,729,113 (1.892,6571 (2,782.235) (2,299,782) 6.475 Total 5.354,995 6,475 52.841,915 58,203,385 Analys15 of net a55e15 between funds- prfor year Unrestricted frjnds 2021 Restricted Endowment funds Ajnds 2021 2021 Total funds 2021 Tangible fixed assets Fixed asset investrnents Investment property CuTrent assets Creditors due wiÈhin one year Creditors du8 in more than one year 8.782,140 322,629 9,104,769 11,715,642 11,715.642 32,802.928 35.532.IM1 2,127,984 1.070.044 (3.127,670) 12,347,694) 2.729.113 (1.063.513) (3,127,670) (2.347,6941 5.573 Total 4.972.376 5,573 46.￿.163 51.947,132 Page 48

WYGGESTChYS A14D TRINITY ALMSHOUSES (FORMERLY WYGGESTON'S HOSPITAL CHARITY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 22. Reconclllallon of net movement In funds to not wJh flow from opgrallng acdvttle$ 2022 2021 Net income for the year (as p8r Statement of Finanoal Actiwti8s) 6,256,253 5,089,879 Adjustments for: Depreaation charges Net galns on Investment assets Dividends, intsresls and rents from Investrnents Inte￿$1 on k)an Decreasel(inGrease) in debtors Increase in creditors Release of tease premium 280,719 171.653 (4945,987) (5,163,905) (1.186.733) (1.069,5401 51,912 20.262 61,112 1.535) 60,689 3,034 (48.406 I48,9￿} Net cash used in opernting ?rtivitie* (470,441) {999.052) Analysls of ca8h and cash equlvalents 2022 2021 Cash in hand 2,954,834 861.768 Tolal ¢ash and cash equlvalents 2,954,834 861,768 24. Analysls of ch•ngo9 In n•t debt At31 December 2022 January 2022 Cash Ilows Cash at bank and In hand Debt due h￿thIn 1 year 861,768 (2,21X),OOOJ 2,093,066 2,954,834 (2200,0001 {1.338,232) 2,093,066 754,834 Page 49

WYGGESTONS AND TRINITY ALMSHOUSES (FORMERLY WYGGESTON'S HOSPffAL CHARITYI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 20r2 25. Capltal commltments 2022 2021 Contractod for but not provided in thes¢ financial Statsments Acquisition of tsngible r￿ed assets 667.034 Page 50

WYGGESTONS AND TRINrrY ALMSHOUSES (FORMERLY WYGGESTON'S HOSPITAL CHARITYI NOTES TO THE FINANC14L STATEMENT8 FOR THE YEAR ENDED 31 DECEMBER 20Y2 26. Penslon Gommltments Wyggeston's Hospital Charity participates In Tha Penslon Trusl Growth Plan penslon scheme llhe Plan"). The Plan comprises four parts: series 1 to 3 comprise defined benefrt arrangements under which further accruals lo employees. beneffts Geased in Oclober 2008, which was followed by series 4, a de)Ined contribution arrangement. and this continues for all (yjrrent employees. The Plan is a multi-8mployer pension plan and accordlngly accLwnts for the Plan as a defined LLwtribUtI￿ plan. The scheme Is dassified as a 'last-man standing arrangemenf. Therefore. the Charity is potenlially liable for other pa￿CIPating employe￿. oblig8tions rf those employers are Unab￿ to meet their share of the 5theme deficit followng wthdrawal from the stheme. Partiupating employer5 are legally required to meet their share of the scheme defiryt on an annuity wrthase basis on Mthdrawal from the stheme. A full actuarial valuation for the scheme was ￿rnied out at 30 SeptemL*r 2020. This valualk)n showed assets of £800.3m, liabilities of £831.9m and a deficit of £31.6m. Wyggeston's Hospital Charity paid C(￿ibutionS totalling £49,82512021: £35,747) during the aCGounting year. These contribuiions are a combination of the amounts due under the defined contribubon arrangements and the payments due under the re(xJv8ry plan agreed for Ihe deflnBd benefit Ilabllities, as referred tr) below. The Plan Trustee has Indicated that additlonal annual recovery plan cx)ntributions of £2,047(2021: £5,272) wll be required by Wyggeston's Hospital Charity for each of the 3 years from 1 April 2022. Where the $cheme is in defiGbt and vthere the Charlty has agreed to a deficlt fLJndlng arrangement the Charity rec(yilses a li8bilty for this obligation. The amount recognised is the net present value of the deflcit reduGlton wntributlons payable under the agreement thal relales to the defiGit. The present value is calculated using an appropriate discount rate of 4.96%12021'. 1.18%). The unwinding of the discoLJnt rate Is recognised as a finance cost. 2022 2021 Prowsion at 1 January Unwnding of the dis¢ount facthr Deficit contrtbulions pai(1 Revmeasurements- impact of any changes in assumplions Re-me86urements- amendments to the contrfbution schedule 1603 29 15,480 37 (3,641) (40) (8,233) 11,642) Prowlslon at 31 Decfjmb•r 1.919 3,603 Glven the cIr￿ms￿nceS outln8d above. the Governors have commlssSon8d penslon consultants to assess the estimated cost of debt on thrythdrawal from the Plan. The consuftants h8ve estimated the cost, Including 8550ciated professional fees, to be in the region of £65.000. As this CDufse of action is being considered by the Govemors. this sum has been set aside as a Designated Fund thln Unrestricted Funds (see Note 20). Page 51

WYGGESTONS AND TRINrrY ALAISHOUSES (FORMERLY WYGGESTOWS HOSPtrAL CHARITY) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Opgratlng lea59 commltments p amount5 payable At 31 December 2022 the Charity had commitments to make future minimum lease payments under non- canc8llable operaling leases as follows: 2022 2021 Not later than 1 year Later than 1 year and not later than 5 years Latsr than 5 years 2,399 8,019 4.378 16,905 7,529 10,418 28,810 Operatlng l•as• commhmenls- amounts r•ceivablo In March 2019 Ws¥Jge5ton's Hosptlal Charity entered ￿ a 99 year lease with MOTO to develop land owned by Ihe ChaTtty as a Motorway Sen*ice Area. Al 31 December 2022 the Charity had fuiure Minimum 12a5e receipts re￿1vable under operabng lease agreements as follows: 2022 2021 Not later than 1 ypar Later than 1 year and not later than 5 yews Later than 5 years 169.566 169,566 678.264 e78,264 1&642,464 15,812.030 16,490.294 16,659,860 28. Related party Iransaction5 Wyggeston School Foundation is a re18t&J paty by virtue of Trustees,. J K McLauchlan, O J Saunders and the R8v A R Leighlon. in common. During the year a grant of £5.000 (2021.. £10.0001 was awarded by Wyggeston's Hospital Charity 20 Wygge8ton School Foundation. £Nil was ￿Jtstsnrt1ng at the year end (2021: £Ni4- The Trinity Hospital Charitres CIO is a related paty due to having a number of Trustees in common. During the year Wyggeslon's Hospital carried out rnan8gwn￿￿ services totalling £665 (2021: £700). £665 was outÈtandlng at the year end {2021: £NII). Page 52

WYGGESTONS AND TRINrrY ALMSHOUSES (FORMERLY WYGGESTON'S HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 29. Post balance sheet frvents The Trinity Hospital Charllles, founded In 1331 by the Duke of Lancaster. was a registered Almshouse Charity administered by Trustoes under the t8rms of a Charfty Commlsgm S¢heme dated 20 November 1969. In De￿mber 2020 the former board sought the assistance of the Hospiial in managing Ihe Charity going forward to safeguard tts fvture. Followlng discusslons b81ween the Chartties. and a detailed due diligence exercise, in September 2021 a small number of the Govemors of the Hospital fomied Ihe new Board a5 Trustees of the CIO. The CEO took on the day to day management of Ihe Charity under a SeNice Level Agreement with the CIO. In Autumn 2022 Ihe Board of GovemoTr passed a reso￿tion to seek Charity Commission approval to Iransfer all the assets of the Charity fo the Hospital of William Wygge5ton and merge Ihe operations of the vo Charities togetrer. Approval was received from the Charity Commiswon in Marth 2023 and the fo￿all￿e8 were completed on 31st March 2023. The Trinity Hospital Charities CIO ba retained by the Govemors as a ￿L￿an1 tharity fcff the foreseeable fvlure. The assets of the tharity indude Trinity Hospital. 23 units of she￿wed housing Almshouse in Westem Boulevard, LeiGester and landholdings in Leicester and En(l¢rby, in addition to an inveslment portfolio. Three memb8rs of slaff transferred to the Hospital under the TLIPE regulations. To reflect the common h81itag8 of the Chaiitie5 from 31st March 2023 the Board of Govemors passed a resolution to amend the name of the Charfty accoTdlngty. The Charity is named Wyggestons and Trinity Alrnshouse Charity. The Corporate Trustee nam8 has also been amended to reflect this change and t*en registered and approv￿ by the Charity Commission and Companies House. Page 53