2023-12-31-accounts

Charfty number: 216873 WYGGESTONS AND TRINITY ALMSHOUSES TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

WYGGESTON8 ANO TRINtrY ALMSHOUSES CONTEMTS Page Chalmi•n'$ Slol•m•nt Tn￿tee$. Report Ind•F>endent Audltorf$ Report on th¢ Financill Ststen*nts 21-24 stst•m•nt of Flnanclal Actlvltl•s 25-26 B8lane8 Shèèt 27-28 Stat•mont of C•Jh Flows 29 Motes to the Fln•n¢lal Statemènts 30.61

WYGGESTONS AND TRINITY ALMSHOUSES CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 The Chairman pre8ents h8r slatement for the year. For Wyggèston$ and Trlnlty Almshouse$ 2023 has been a year wllh plenty ol ¢h81bnges for the truste88. In KI?￿h 2023 aftef du8 d￿1gence ond full n8gotialbn Wy9ge5tons assumed the re5ponsiblty of the Trfnlty k)spilal Charities CIO. This mgrger has been suwssful from both sldes 8nd f88llrvJ that wa have been able to enhance th8 INes ol the Trinity reskjents. We are slill 18ellng the knock on effect of Covld and there Is no doubt that the lockdown has Impacted on I￿•S of thè elderly and we have certalnly seen an increase in the numbers ol deaths th1$ year. Of counse, partofthis inctease can be attr)uted to the elderty remalnlng longer in theirown homeswhKh m8ans that by the tlme they become resldents they a￿ oftèn 8lr8ady dlsplaylng slgns of age related afflictlons. The result of this Is that we arn he￿n9 to provld8 additional support, through our Waidens. to thosg INing Indfrpendenlty and th9 need for addfillongl facilities such as mbility bu99y storage and chargin9. In the case of the Resldenllal home our slaff aro Incrgoslngly bekng ￿lled upon to wcrfk thè fne Sir￿ betsgen residential and nursln9 cara and Ihk does put them under extra stress al these tim•s. We are very fortunate 10 have such a deduted Staff who a￿¥y$ pul the n88d$ ofour re$ldents firsL These Sncreased needs of Our T6￿dentS mèan th8t as an org8nlS8t￿n w8 are lundlng evormor8 costs In tho njnning of the charty and of course. IfKg everyone else, we have had greatty inflated costs for utllities, wages arKI all dSsposables Includlry food item H•Ying addre590d thi$ irKreas¢d ￿Pen￿lIUr•. th• Truslees have tsken step$ to ¢onsKl8r tha tharity's as$gtsand income stream- particusady fre• osoryes generatsd from our endowed investments. With this in Mind, we have re8llocat8d some assets to enab￿ an enhanced return wh￿h wlll help us offset n7eetiTrJ the Increased costs of our opèratlon. We conllnue to offer a full range of activities for all our residents with one of lh& h￿￿hlIghtS of the ye8r being I ho9 roasl and jazz band oelebration for King Chark3' coronation-It'$lu$l a pity aboutthe rain. but everyone had a bv8ly lime wot¢hing the evenl and reminisdng about the last COTonallon whkh many remembered as young children. A$ we move fw8rd. l am very plegsgd to T8PQrt that the charfty Is Ihrlvlng vAth all ￿¢0mm0d8{50n full and wlth lTrsts of polenlkql residents lor any vacancy that 0￿￿1$. In my posltlon of Chalrman, It Is a prlyllege lo lead such 8 strong team of p8op19 and my thanks go to my fgllow Governor&. tho CEO thg Care Manager for tholr mnllnuln9 SUPPOrt and hard wort wl¢h ensures th continuing success of 8wty m8rg8d Wyg￿$t0￿5 and Trinity Almthouse$ Charty. Sandra R Powell Chalrm8n of the Dlreclors of Wygge$lons & T￿nItY Almshouses Page 1

WYGGESTONS AND TRINITY ALMSHOUSES TRUSTEES. REPORT IContlnu•dl FOR THE YEAR ENDED 31 DECEMBER 2023 1. INTrODUCTION The flnan¢lal statements comprf$e the Annual Financi81 Statements, ChalMan'$ Statemènt and Ihe Trustee's Report fcrf the y¥ar 1 January 2023 19 31 D¢c9mber 2023. The Twstees referred to in this reFQrt are the Dlrgclors of Ilw Corporate Trustee of Wyggestons & TTln Ajrnshouses, being the Wyggestons and Trinty Almshouses Trustee. Cornpany number 07718817. This Report should b8 read in conjunctTrJn wnth th8 Chairman's Statement Ipege 11 which has also been reviewed and approved by the Trustees. 2. FOUNDATION AND SCHEME Wyggeston'$ Hosptsl Charity wa$ founded following tho grant ol Royal Lgttors Patent to William Wyggeslon In 1513. The Scheme ot the Charity Commissioners goveming the Charity was revised in 1992 and 2012 and the present Schem8 Is datÈd 7 Fèbruary 2012. Th Charty's r8gistratkn numbèr Is 216873. The official name of th8 Charty was Hospltsl of Wllllam Wyggeston and the Hospital Branch. On 31 March 2023 the Charity merggd with the Trinity Hospital Ch8rSties CIO and the Charity Commisslon approved tho r8namlng to Wyggestons and Trin Almshouses Charity. The Trinity Hospital Charitie5 W85 Driginally founded by Henry Pldntagenel, 3rd Earf ol Lanoaster and Leicester a5 an AJtn$hws& I hospital beside Loicesler Castle in 1331 and is one ol Ihe oldest Charit￿$ still in exi%tsrs¢0 in the city. It was a registered Mmshou$e Ch8rity adrninistered by Trustees under the tem)s ol a Charty Cotnmisswjn Schema dated 20 November 1969. The Trinity Hospital Charities CIO w8$ 8 ragistered Charlty govemed by the deed of Incorporallon accepted by thè Charitios Commission and was registered on 15 June 2018. On 1 January 2019, thè ass8ts. Ilabllltl8s. and operations of The Trinity Hospital Charit￿5 ICh8rity No. 2290851 were trar￿ferred to The Trinity Hospital CharilYd¥ CIO (Charity No. 11788071 In aceordanee wlth the rU￿S and guidaneè as laid out by th& Charity Commission. All necessary declarations and consultations w80 made regarillng the transfer ol restricted and endowmgnl funds. 3. CORPORATE TRUSTEE On 26 July 2011 a Company Limited by guarantee was established enlrtled The Wyggeston's Hospital and HosFytal Branth Trustee Company numb8r 07718817. Ot) 7 Fèbruxry 2012 this company became the sole Trusl88 of Iha Charity. The previous Trustees ol thè Charity becoming the Dlr8Ctors of the ¢ornp8Thy. With the mèrger of the Charity on 31 March 2023 with Trinty Hospital Charities CIO the name of th• Corporate Twstèè that holds the real estatg property ol the Charlty was amend￿ to reflect the newly merged Charity. All sales or p￿rchaseS of land are carr￿1 out in the narne of the CorpA)rate Truste8. 4. WORKING NAME For day-t￿daY purposes the Charity 15 known as Wy9geston$ or Wyggestons and Trinity and the DKeclors ol the ory)orale Trustse known ag Trustees. S. AIM Thè aim of the Charity is to apply its in¢ome for charitable purp088s by the provis￿￿ ol ￿Mshou5eS or general financial assistance lor needy people of th8 City of Leicester, Counties ol Leicestsrshire and Ruuand and

d￿lIning arnas and tho provision ol &xtra ca￿ faciliti8$ for needy person$.

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WYGGESTONS AMD TRIMITY ALMSHOUSES TRUSTEES. REPORT Icontlnuedl FOR THE YEAR ENDED 31 DECEMBER 2023 6. OBJECTS The objects ofthe Charity are: Relief in Need on one or more of the folowing.. 6.1.1 the provisic￿ and maintenance of Almshouses for poor persons of good charxd¢r of not le$$ than fjo ye8rs of age resKlenl in Ihe City of Le￿$(￿r. Cgunti$$ ol Lèi¢èstershlre and Rutland and alolnlng area$- 6.1.2 the provision and maintenance of Extra Care fa¢ililie$ for ne¥dy persons ol goc¥J charactsr wfth a preference lor resident5 of the Am5houses,' 8.1.3 the r8kfof th8 n8èdy poor, and 6.1.4 paying to the wygge8l￿.s S¢horA Foundation art annual sum. 7. PUBLIC BENEFIT Thè Trustees have complied with Ihe duty in S.17 01 the Chariti85 Acl 2011 to have due re9Èrd tr) the Charty Commisslon published general and relevant sub-8gdor guidance concemlng the operalion of the publlc beneffit require￿nt undor that PLt. It 1$ imp(xlant and appropriatè, Iharthè, in this report to reV￿W Ihe work ol Wyggeston's in the light ol Ihe Commission's guidance and Ihew published Reporls. As readgrs will be aware there ara twelve Chatiiab Purpose Headirys and Wyggèstons & Trinity Amshousès Charity Scheme fits within three ofthem= Ihe preventlon or relyèl ol poverty,. Ihe advancement of educalKJn.' and Ihè rèlièf ol thosè in need. We will l(x)k at è8ch of the headings In bjm and show how Wyggeston's fvllils Ihe public ben?frt lest in each area. 7.1 Th8 prev8ntion or relièf ol povatty 7.1.1 Leicester Charity Link Through the Lelcester Charlty Link ILCLI grants are provldèd whld) 8nabl& poopl& to havè a bètter qu811ty of IN•. Atthou9h indNidual grants aw limil•d to a maximum of £500 it is often the case that even a small amount makes a huge difference. Th8 Trustee5. through the Finance and Grants Commltt88, ar8 madè awara ol all halp gfv8n. Worting wilh LCL has thg advantagè that thty tan aecess addhlonal funds should this be necessary. They can Isg ensu￿ an indbvldual Is clalming any statutory help avallable. In 2023 we made a grant of £25,000 for dlstribution by LCL lin 2022 the grant was also £25,0001. 7.1.2 Roof Leicester Onè Roof LekesteT IORLI is a Charity wthi¢h provides accornmodation, 5UPPOrt and Adviee to the horneless. destthjte refugees. 8sylum seeke15 and vulr*rably housed in Leicester. ORL works with partner organisations. 0ft8n th8 local farfh communty, to •nsuro that the vulnerable ¥thom Ihey hous8 are not lefi in isolation. In 2016 Wyggestons and Trinity pur¢ha3ed a property whith is 18t to ORL for & nil rant allowing Ih•m to provido accommodatlon to a homeless or vulnerablo family. The ientsl for the prop8ty on ihe open market would be in the region of £5,000 to £7,000. Thgrefor&this could 8189 b9 wjnted 8 hidden grant aid and Ihis eontinuod durirKJ 2023.

WYGGESTONS AND TRINrrY ALMSHOUSES TRUSTEES. REPORT Icontlnuedl FOR ThE YEAR ENDED 31 DECEMBER 2023 7.2 Th8 advanceThnt of 8ducation Under th8 Terrns of the Charity's Schem? we pay an amount annually to the Wyojeston's Schools FoundatloTr. In 2023 thls was £5,00012022'. £5,000). The Foundath)n conslders appllcations from the s5xlh.form ¢xTrlleges in LeKEster City that were loM￿llY Wygge$lon Schools (now known as WQE I Wyg98Stons and Quèen Elizabalh Coll8gel. Through thi5 8ddilKinal fijnding, studerits can bèeomo invofved In actlvlti&s or courses to enhance thelr broader educalional horEons which they would otherwise be d¢ni¢d. The funding is usually made in the September of 9a¢h year to coincide with the comm8ncernent of th8 Acadetnic year. Three members ol the Governing Board are nominated on to the Foundation Board and cknser links wth the School ar8 being developed lo kyovide opportunlties for the siudents lo engage wrth 0￿j￿r ¢ommunitw. 7.3 The reli8f of those in need How do yw define need? Should tt relate slmply to a person's bank balan¢e? Need should be inlgrprglgd in various ways, including financial, emotional and spiriLual. Somè patsplè will ha￿ a propèrty but lrttl8 or nosavlngs and InSUff￿lent income wlth whlch to malntaln IL Others may be svfferfng sodal Isc4aUon as the area In whlth they were tx)rn and brought vp changes beyond Iheir rewgnition. In our Aknshou$e$, provlde Independent living shellered housing units, open to 811 who qu8lrfy under thè Ternis of the Charty Schemg. In a community atErKty5phe￿ the residents benefit from not havlng the worry of housiThJ tnaintenarKe, they are with lik￿rnin￿ed and similar aged people 8nd enjoy the $e¢urity of someone on call should they suffer an emergency. In addith)n, we have Chapels on site and can offer $piritual and pastoral support as needed through the Mast8r & Chaplain, ordain8d Anglican Pri8Sts. As p80p18 ag8 and thir needs inc¥ease they can, subject to assossment, transfer to Agnes House, our Residentkal Home. which is on Ihe same 8it8. The proxlmlty of the buildings has Ihe added advantage that fellow residentswho have become friends over the y8ars can visit easily and malntaln contacL Famlllès also appr8clatè that whèn thg limg comas for the &xtra level ol care the parent or ved one is already known to the staff and this reduces the stress ol moving. In bolh units there 1$ a d8gr88 of subs￿Y. Tha Twsteas, Pollcy 1$ tt)8t thè we6￿Y charges in the Ajmshouses and Agnes House will be below that ol an economic rent or fee as part ol the Charity's Relief in Need help. Thi3 an￿￿nts to approxbmately £600,000 per 8nnurn. 7.4 COn￿$10n In the light ol all the above we firrnly believe that Wyggeston's wouhl 'pas¥' any Reviw by the Charity Commission concerning its Charitable work. 8. STRATEGK OVERVIEW Wyggeston'8 was established to provid8 shekergd housin9 and gNè 9ranl aid. 11 now achi+￿$ thls by.. prov¥Jing 93 units of Ajm$￿￿$& Accommodatlon ar¥oss two sltes kn West Lei￿Ster,. 26 e￿lItt rL)m$ in Agnès House.. paylng gr8nl aid eith8r dlr8ctly or vla Leicesier Charity Link and the Wygge51ons Sch¢x)l Foundation,. Providlng a propety at no I minimal cost at another organlsallon to work with indivlduals orlamilies who would otherwlse be h)meleg$. p￿e4

WIGGESTONS AND TRINrrY ALMSHOUSES TRUSTEES. REPORT IContlnu•dl FOR THE YEAR ENDED 31 DECEMBER 2023 an endowed Charity th8 inC0rn8 fvorn inv85trngnts provides mon￿5 to $uppl•m•nt th• work and tho Almshous8s and residential home are provided at subsidised rates. The main limiting factors for lh8 Charity ar8 th8 rise in operating costs due to increased Tat85 of inllalion causing substantial ri585 in utilty and rnaintenanc• costs, financlal return on some of our Invesbnent assets and the rates paid by the kncal aulhoriiies for residents in the Ca￿ home. We monitor our performance by carrying out an Annual Re5idenls' Survey. We are also regu181ed by exlemal bodi85, th8 C8r8 Qu81ity cornmr5si(￿ ICQCI and lh8 L$icest8r City Counc¥l. Fin8n¢ially we are stron9 Wlth m8ny OppOrtun￿e8 in the ye8rs ahead to incr8ase our work 8nd currenlly Ihere L% no reason why Wygge5tons & Trinity should not continu8 for a furlher 500 years. Details of how the Trustees work through the various commi1188s is giv8n b81ow. AS m8ntiDn8d 8lsewh8r8 the day-l¢￿aY m8nagem8nt i% carr￿d out by th8 senky staff. All payments are authrKis8d by Iwo Trust8es and 811 payments are r8POrt8d tothe Finance and Grznts Commilteo at the next round of meeting5. Limts are plac6d on the amounts that can be authorlsed beforo rèfgrring to the Trustees. Budgets are approved althe autumn round of meetings the followin9 yea¥ and anyvariances greater than 20D/o ate invesligated and explanèlions provided. Each commtitee receives budget to &bJal reports at Ms meetings and all Trustees ￿e1ve financial information on a monthly ba$i$. 9. RISK MANAGEMENT The Trusté8s havè èxamined Ihè major str8t8gic businass and operatiornal risks whlch tha Charity lac8s aThJ confimi that systems are in place to ensure regular reports are produ¢8d so that the necessary $1gps can b8 taken to lessen tr858 risks ￿￿th a formalised nsk r8giStèr rèvièwèd annually by th8 Trust869. This has bson amended to inchjde new risks that occurred due to the hlgher rates of Inflatlon experlenced impacting on operabonal costs factors whth have led to increased risks for the Charity. The rnalor rfsks to the Charlty are reputational damage, cornpliance falures, fraud and 'Acb ol GcY'. Wh1131 havlng no contrL4 over the extemal rfsks the Trustees hove In pla￿ varlous ma8sures to mhkJate the lellhood of repvtallonal damage and fraud indudlng a robu$l Business Continuity Plan, financial $yslem$ and an 2550Ckqted Crisis Man8ge￿rbt plan to protect the Charity. Folbw'ng the formal merger of the CharTties thai took placo in March 2023 a revi89d risk r8gi8ler was produced to cover the identified risk5 01 rbebyty formed Charity. Going Concern The 2024 budgets and fore¢8Sts have been drawn up and arnended wth con5idgration forthe c(mtinuing impart of èxtemal economic factors along with our ongoing planned capltal projects. The bud￿tS and forecasts arè supported by 8 monlhly reviewed cashfknv analysis that is managed by the Tru$lges and 8gnior stsff. The income bèlng dèrfvad from the recant expanslon of tha Amshouses provlslon coupled wlth 8xcal&nt occupancy rates and diversrfKation of Ihe Estate port[￿K• PTo¥ides the Trustees with the confidence of the financial health ol the Charlty- On re￿W of these documents, the Trustee$ believe that th8 Charity's financi81 res￿rceS and contingency planning is sufficient to ensure the ability of the Charity to continue as a going concem for 12 months from the point of 81gning and therefo￿ the Finanual Statements have been prepared on this basi5. Page 5

YflGGESTONS AND TRINttY ALMSHOUSES TRUSTEES. REPORT Ictsntinued) FOR THEYEAR ENDED 31 DECEMBER 2023 10. RESIDENTS Durfng 2023 there were 1612022: 121 deaths and 312022., 31 transfer$ of re$ldents. 10.1 William Hous•. Trinity H05Pltal. Lan¢ast•r Hou$• and Cotta9•8- Th• Alm$hou$•s The addibon of the Trinity Hospital AJrnshouse5 into ihe Chariiy has brryjght it 23 add￿lon81 units and residents into the Charity's managernent. 10.1.1 ststlstl¢s D8ahs'. 512022.. 61 Moved: 312 Inlemal to Agnes House and 110 Nursing Horre1202211 Empty flats at ihe year•end.' 212022.. 3 Av•ragts occupancy during the yearwas 95%12022'. 95¥.1 the year end.. Average 8ge: 80 years12022: 781 Average length ol occtwjancy.. 6.7 years12022.' 5.31 Yout¥Je6t resident.. 6312022: 631 Old•sl roskl&nt'. 9512022.. 991 MAlè.'F8mal8 ratio 38%f2%12022.' 36%.'64%1 Total résKlènts.. 9812022= 751 10.12 Buldlng and repalrs Ajmshcwses William House- Two flats were upgraded wilh new kitchens instal￿d in the existing ￿m$hOuSe6, with necessary minor repalrs a￿1 maint8nan¢8 items caNi8d out during the ywar. Th8 maln constructlon works was th8 cornmen¢emenl ofa major r￿urb1￿hrnent ofthe cornrnunal parts of William House in Novetnber 2023 fdlowing the final handover of the new Lancaster House development. The works wlll comprise redecoration ol all COTfidors, communal rooms, new stalrcases, regl3zirs of each 1Snkway behveen corridors and repurposin9 of sorr ol th¢ communal rooms to in(xease tl communty spaces for residents. LawASter House and Cottages post construction defects period carne lo end in earfy 2024 and the Charity has been r¢$ponslle for the repai￿ of tr)ese ￿M$hOuSe sinc¢ that dale. Trinity Ho$pltal eonlinuas to bè well maintained by tho contractors and malntenance staff. 2023 saw th& eompleti¢Jn of the wet room refijrbishment programme. and o)mmencement of the upgrading of krtchens. Two flats were also redo¢oraled and rewired when they f911 va¢ani. Page 6

VIYGGESTONS AtrID TRINITY ALMSHOUSES TRUSTEES. REPORT (Continued) FOR THE YEAR ENDED 31 DECEMBER 2023 10.2 Agn•s Hou6•-The Residential Hom• 10.11 Statlsdcs Average occupancy durfng the year was 951012022.. 96%) At the year end.. Av8rage age-. 92 yeats12022.. 931 Avgr8ge of occupancy.. 2 ￿ars120￿2." 31 Youngest rgsident.. 8212022-. 821 Oklest resident.. 9912022: 102) Male:Female ratio 23°A to 77%12022.' 23% to 77%) Deaths 1112022.. 6). Vacancies at Year End.. None12022.. None) 10.2.2 Building and repawa Th8re have b88n no major works to thè Agnès House bu1￿1ng during 2023. General repairs and maintenance continuè as nacossary. 11. GOVERNANCE OF THE CHARITY The Truste￿ arg reSp£￿SIble fLY the overall mhnag&ment and organlsalon of the Charfty. The fvll Board ol Trusteos mot fwr times in 2023. The Finance and Grant8 Comrnittee, Estatè Committee. House Commitlee. Review Commlttee. ExKutNe Cornmitt99 and Looking Ahead Group supp￿1 the Trustees In carykng out their responsibilit*s. Each Committt8 ¢onsL%ts of at least nine Trustees, except the Ex8CUtiV8 Committee. vthich comprises the ChaIm￿n and Vice-chairman oflhe Board ofTnJstees and the Chairman and ViGtrCh8irman ol each Commlttee. Thè Finance Sub-committee - Invèstmènt wryprises the Chairman and Vi¢trChairn)an of thg Tw$ts8$. Chairman arrfl Vic&Chalman of the Finance Commi¢lge and at least on8 Oth8r Trust88S. The Trust88s are uttlmatgty fysponsib￿ for the pclicy and diroction oflhe Charlfy. with day-ttrday managament delegated to the senior staff headed by th8 CEO, who also aets as Clèrk to the Trustees. The Care Manager has operallonal managèment responsiblllty for three servlces at Trlnlty Ho$￿1a1 Wllllam House and Agnes House. The Master Is responsible for the pastoral ￿re of 811 rèyidents and slaff anEI the Chapl8ln provldes a similar function at Trinity Hosptlal. All Trustees are notified of relevant training opportunities, and these are fully funded by the Charity. The Clerk lo the Truste8s attends various couises and provides reports lo update Trustees. The PrrJfgs$ional Advistsrs alsts offer in-house Updat￿ s￿(Ir￿allY tsilored to Ihg Tru8t¢es need5 ss necessary. Pagè 7

WYGGESTONS AND TRINITY ALMSHOUSES TRUSTEES. REPORT Icontlnuedl FOR THE YEAR ENDED 31 DECEMBER 2023 12. COMBINATION OF THE CHARrriES The Trinity Hospital Charfties. founded orlgSnally in 1331, was a registered Almshouse Charlty admlnlstered by Trustees under the iem)s of a Charjty Commission S¢hgmg datgd 20 Nov9mbg1 1969. The Tdnlty Hosprfal Charilies CIO was a registered Chartty govemed by the deed ol incorporatKJn xcepted by th¢ Charft Ctsmrntssvjn and was reglstered on 15 June 2018. On 1 January 2019, the assets, liabililiès and operations of The Triniiy Hospital Charities (Chaity ND. 2290851 were Iranslerred to The Trinty Hospital Charilies CIO (Charity No. 11788071 wi attor￿an￿ wrth the rules and guidance as laid gut by the Charity Comtni5SiOt%. All necessary declarat￿n$ and ¢onsultali¢)ns were mad8 reg8rding thè transfer of restricted and endowment lunds. The Truste85 h8d d8-registared the original unincorporated Charrty 8th18d its datails lo the Rogist•r of Mergers. The Board ol the Hosphal ofwilliam Wyggeston w8r8 approached by the Trust••$ ofTrinity Hospltal Charity CIO in December 2020 lo di8CUS8 thè possibilty of a marger between the Charthes. Though 8 successful Charity thè Trust¢es of Iht Trinity Charfty wero struggling with bringing new m8rnbers on to th• Board and felt the future ol the historic charity would be better served through merger with Its larger nelghbour. Followlng 8 hjll due (Mllgence exeruse during th8 first hair of 2021 the two Charities form8d a working partnership In September 2021 following a decisitsn by the Trustee Board ol the Trinity Ho$pitsl charl￿e8 CIO trj hand the managernent and 9overnance ol the Charity to the managem8nl t8am of the Hospital ol William Wyggeslons. The partnership agreemenis enabled the formation of a nèw Board from Wyggeslons exists'ng TnJsi88s and retent￿n ofthg Chaplaln as exthio Board member to Improve the efficiency ol the Chaflty ¢p?r8tions and Safeguard the fLrture ol its services. Th8 n8w Board ol Trustees managed Ihe Charity dunno the pracèss of thè mèwr Includlng undertaking a lull cOnsultat￿Tr of tho 8takgholders and obtained consant from the Charlty Commlssion and the Duchy of Lan¢aslor for the proposal. The objects of the ngw Ch8rty reflectsd that of Ihe Imo Charthes as there was conslderabb ¢ommonalty In ￿e Orfglnal foundations. Both Boards w¥r& kegn to ensure that there was no change in tho op?rathonal ￿r¥It¢S w• provKle to our beneficiarEs and that by coming together we can both strengthen 8nd expand se￿1￿$ to older people in need in Lel¢si¥rshirè & Rutland through our strong lo¢al Charfty and failh groups links. From 1 April 2023 the Boards ofTnJsttes Of The Hospital of Wllllam Wyggestons. Charty and the Trinty Hospital Charitses CIO, LÈicesler eame together as one Charity. The new Chanty, is nam8d The Wyggesbns and Trinlty Almsh￿s￿ Charlty. and saw the assets of Trfnity Hospital CIO b8ing tsansf8rred to Wygg8slons. 13. TRUSTEES 13.1 Dlre¢t•rsifrnst••s Thanks are recorded lo all the Tru5te8S that have given their tlme so free￿ noi only io attend m￿tIng5, bLrt also lo (leal with individual matters thjring the year. Dire¢tors of the Wyggestc￿s and Trlnlty are cornmonly known as Trustees. Dt81$ of thosts vtho servad duriThJ the yoar can be found on page 19 and 20. Page 8

WYGG&STONS AND TRINITY ALMSHOUSES TRUSTEES. REPORT IContlnu•d} FOR THE YEAR ENDED 31 DECEMBER 2023 In Noyemb8f 2017 the Charity Commission, jointy with others pubtished Tak•n on Twst- The awareness and èffeclivènèss of Charity Trustees in England and Wales,. In the recomm8ndallons ref8r8nce is rnade to the recruitmenl of Trustees and that this should, ..embrac8 the introdUct￿n ol differant people, new idèas, skills and experlence to Tru5t¢e Boards. and to tsrget th6 recruitment of Trustees from more diverse secJons of sodety... Ourfull compl6menl ofTrustse8 Is twenty. btrlng ten Co-opllong. onè èx-offiao and ninè nomlnadons from publlc bodies. To obtain a wde spread ol skills and experience that we require for our diverse operations we con$id?r f8ctors such as gender, a99 and skills. The Ch8rity has re￿nIJY adopt8d a Tru5t88 Recruitrtlgnt Policy following a rgwiew of its perforrnaneè againsl tha Charrty Gov8man¢• Gode In 2021. Addilionally the Tw$tees have undertaken a skllls audit and are using these findings to revithwng the sdection process and iilenlify currerht and future needs. The difficully ol recruthng Trustee5 With the ski115 and titna commitmant is re¢ognis•4 across tho sector and the Charity is considering ways of attracting appI￿nts from under represented groups through Ioc81 8nd sector speclfic ￿VertIsingfor e8ch wacancy as it occurs. The Charity has creatad a successSon plan to8nsure It retains a strong Board of Trustees to support it golng Into the thjture whllst worklng iowards the scale ol Board re¢ommernled by the Charity Commission. As part ol ihe merger wlth Ho$￿tal Charttles CIO the Chaplain of Trinty Hospilal, which iy an exryofficio ppointrnent cDnflrrn8d by lh8 Dioc858 of Leicèstef and Tht Duchy of Loncaster, joined the newly fomied Board Df Twu5te85 a5 a nominatv)n Irom the Local Authority. 13.2 Remuneration And Beneffts Under Ihe terms of the Charity Stheme ISeGtK)ns 16- 211 the Charity is required lo erTyloy a Master who shall be an Ordained Priest of the Church of England. The Master is an Ex-offiuo Trusle8. Th8 Mast8r is th8 on Tnjstee who receivad any fomi of remuneration from th8 Charity durng lh8 p•riod covered by Ih•s8 Finanaal statements. See note 13 to Ihe Financlal Statements. 13.3 Statl8tlcs lyaarsl of DlrnetOrs￿rU$t•¥8 13J.1 Age Youngest: OldesL 83 Average.. 74 13J.2 Length ol S•p41c• LorvJest.' c￿tInual unbroken= 41 Apwintad March 2022 13.3.3 Male l Femalo1%1 Male: SO% Female.. 50.10 13A Meetlngs and Comrnltte Included below are Ihe average atiendance al the v8ri0us meetin95. During the year the fum Board of Trustees hgld Four Ordlnary Meetings. Average attendan¢9 was as follows.. Ordinary 82%. In addltlon In the ye8r Ihere were hyo Extraordinary Gen8ral M88tings h8kl for Ihè managèmènt ol the rnergèr 185Yo atteThJaneel arnl two Speclal Meeungs to conflmi the [0-￿pO￿lMenI of Govemors laverage 82% att•ndan￿1. Page 9

lI￿GGEsTONs AND TRINITY ALMSHOUSES TRUSTEES. REPORT Icontrnu•dl FOR THE YEAR ENDED 31 DECEMBER 2023 Committees appointed by th8 full Board of Tru5tegS to wnsider matters in depth and make recommendatKns lo the full Board of Trustee5 are: 13.4.1 Th• Executlve Commlll•• The Exeojtlve Commlttee Is made up ofthe Chaim7an and Vlce Chalrrnan ol the Trustèès and the Chaim)8n and Vlce ChaSrman of each Committee. The Mastèr is Ex.offlclo Member of all Cornrnittees. The purpose of the Ex￿U￿Ve Committee is to Cur￿lder matters in detsil as a sm811 group 8nd lo t8k8 18commBndation5 to the appropriale CDmmiltee of the Tnjslees for consider81iort. Tha Exacutivè Commrtiee did not mee¢during th8 year. 13￿2 Th• Hou59 Commiit•• Dgals %wth matteT5 ralaling to the ￿sIdentS. employees 8nd the buiEdinga Thè Commlttéa mat four tlmas dwing the year. Average attendance wa8 88%. 13A3 The Estate Commlttee De8lln9 with matters relatin9 to the AgricuttuTal E8tats. The Commlttae rn•t four tlmes during the ye8r. Average attendance was 91%. 13.&4 Tho Financ• and Grants Commlttee The role 15 to review Mnd monttor performance against budgets and for¢￿stS and grant making. The Committee met four times duriThJ the year. Avaragè attèndancè was 91Qk. 13A5 The Flnthnce Commltteo su1￿COmMItt•￿- Invostm•nts Has the specthc rol6 of monltorlng the investrnents of thè Charlty and, in C￿lSU￿atIon with our StockbrokerslAsset Allocation Advisor51Land Agents, ensure the Cha¥Sty's assets are held in appropriate ¢atsgorfès or Funds wknln the guld8llnes set by the Tru51ees. The Sub Commlttge met tlmos kn 2023. 13.4.6 Th• Audlt Commltte• Meets annually to discuss lh8 dr8ft Finan￿al Statements wlth tha audiiors. The Commitlee rrt once during thg yèar. Attendar￿e was 66°A. 13.&7 The R•vi8w Ctsmmltt•o Meets annu811y to revi￿ thè kv81 of charg8s to resldents and the remuneration of employtss. Attèndancè was 100%. 13.4.8 Looklng Ah•ad This Gr(xJp reviews the 5trategMc role and fun￿lOn of the Charfty. Tho Group met 10 timgs during the yg?r and sub wrnrntilee on a regular bas1$ to discuss inlemal d8Sign mattérs. Avèragè attendance was 86Y.. 14. INSPECTIONS AND E￿ERNAL ASSESSMENTS 14.1 statutory In5P•Ctions The annual Health and S8f8ty in5PaCtK)ns carried out by our c￿nSUltant was rarried out in Marth 2023 and cOn￿mied all was in good order wllh no ar?as ol concern. The Ii)cal authorily undortook a lull Health and Safety inspection and audii ol our eare homa, Agnes Fk)uso c 23 November 2023 and the Home was found to be complLanl in all areas. P4a 10

WYGGESTONS AND TRINITY ALMSHOUSES TRUSTEES. REPORT Icontinuedl FQR THE YEAR ENDED 31 DECEMBER 2023 The LeTc•stershire Fire Brigade undertook a ststutory inspection ol the Trinity Hospital Alrnshouses on 25 July 2023 folowiTrJ the CorrY￿110n ol the merger. Tho inspè¢litsn 8s$ès$mènt thnflrmad that thè buildlng was fvlly compliant and praised thé w¢Yk olthe staff and contractors In malntalning the building. The Charity contracts wilh an Independent fire rSsk consultant to carry out annual Flre RSsk as5e58ments of thtr buildings and provide gu￿8[￿￿ with 8 fire managament Strategy xrtd #ny ￿quired CLNnpliance works. 15. STAFF AND VOLuKfEERS 1S.1 G•n•ral To Èll Ihè sthff w •xpross our sincere thanks as it is only through their C￿)MItment we are able to cary out the good aThY positive work in raring for th￿8 in ne8d. for which Charty was 6stat4kSh￿. 1S.2 Numbèrs Delalled staff numbers are gfven In note 12 of th6 financial slalernenls. 15.3 Staff Tumover The average length of emptyee $6rvlc8 Ss currendy 15 years and tumover is extrerneby for our s•¢lor. Durfng 2023 seven pem)anent emplrJyees18ft. ol whorn four r8tir•d, on8 resignad anil two relocated out of the réglon. Atthough thls equals around 11.27% lumover (we hav8 62 employeesl the average In the tare industry in the East Midlands is around 25Vo to 30%. The Split beNveen ma19 and fema18 15 11% and 89% and full time and part time is 15°/0 and 85°A resp9clfvety. 15.4 Agneg House Care staff with NVQ IWE or equivaleni or abovè.. 96%. 15.5 Volunteers 15.1 Trust8•s Thtr Trusto6s g￿9 hety of thdr tlme and abiltEs. 15.5.2 Othgrn There are no other vdunt$grs. 16. Fif4ANCIAL 1&1 General We are ￿eaSed to repryt 8 5atisfa¢lory financial p8rforr¥Trance for the year. The dotsi￿d flgures forthe year under review appear on pages 25 to 61. 16.1 FInaft¢1￿ Control8 The Tru8tges are S81isfiod that the 11naneial controls eurrentty in plaee meèt 811 the regulatory r￿Uir8rne￿ts and ¥r¥ ￿•V￿wed annually In Ilne wlth the Charty Commission {CC8- inlernal financial ¢￿trol$l guidance. Page11

WYGGESTOMS AND TRINfp( ALMSHOUSES TRV8TEE8' REPORT Icontlnuedl FOR THEYEAR ENDED 31 DECEMBER 2023 16.3 Accounlkng for Charlty Comblnatlon Tha Charitable activ￿ts$ of thè Iwo Charttlès wérè lomally brought tog8lh•r on 31 March 2023. This resulted in the transfer ol ah assets, liabilities and operatsonal responslbilhles of the Trtnty Hospital Charities CIO to thg Hospital of WIllp8m Wyg9eston5 on this datè. Trustees have considered that the merger accounting criteria ol the SORP hAvè beèn mat and Ihèrafora thè financial slai&ments and accounts have been restated tsn merger accounting principles for 2023 and are more fully described elsewhe￿ in the accounts in note 30. Iti essènce the accwnts have been resel to rellerl that two CharitlO8 had ahvays begn ￿rNboned. 16.4 In￿me Stroams The rnain income stroams for Wyggestons and Trinity are investm8nt income and incom8 from residents. rhe Investm8nt incom8 is from the stock market inv•strnent5. cash d8posits and managèment portal and th• agrlcuttural and land Invostmonts. Each one is important and allows the Trustees not onty to maintain Ihe current work of the Charrty but lo ￿an strategically for the fulure. 18.5 Investments 16.5.1 Investment Policy The overall policy of the TTuslees Is to malntaln a balanced porff01￿ ¥thlch includes Fixed Inlerest Bonds, Gilts, Equiti8sand Propetyeither agricultural, (xjmmercial or domestic. Investm8nt may b8 thract into individual sharés or via appropriat8 ctsll•ctivès or other relevant instruments. The Trustees do not intend to invest direclty in he(Ige Funds or hlgh rfsk dertvafjv8s. The Policy has been ￿¢enlY revlewed In light of the mera•r of the Charllltss and diversification of lh8 8sset5 to bettor reflecl the r8quir8ments of thè Cha￿ty. 10.&2 Externally Alanaged Fund• Aberdeen Standard Capital, LGT weath managemenl and Caz8nov8 continued as our lrnvtstmènt Fund M8nag9rs for extgrnalty held investtnents during 2023. In September 2023 the DisuelKJn8ry managed portfolios of Abrdn Capital were sold to LGT Wealth management. The merged Charity al￿81￿ had a worknng relat￿nShiP with LGT 88 Ihg brokers f¢x th8 investtnent pjrtrolios of Trinity Hospital Charit￿ CIO. Th8 Trinity Portrolio comprised a wmbinalion ol permanent endowed funds and free res8Thes and th8se funds w8re formally split into two disb'nct portrcAios in 2023 lo en8ble tnore effective rnanag8ment of ts ftJnd5 by the Charity. 1&5.2.1 LGT Wealth Manaym•nt- Wyggeston8 and Trfnlty portft>llo• Wyggeslons Hosphtal had a long term Investment portfclio managed by atfdn on a discretionary basis. In February 2023 Abrdn annOU￿ed the sale of the Dlscretlonary buslness, labTdn Capltal Llrntted and Its subsidiariesl to LGT subject to re9ul8tory approv81. which condudèd in SeptembÈr 2023. Tftnity Hospital CIO had its inv851ments manag8d by LGT for a number of years and so the transler ol the Wyggestons portfolio provided assure4)ce for Trustees of the new prowder's perform8n¢e and business relationships. FLYease o( ManageM￿t the three portfol￿$ are being managed separntely as.. 1. Thè Wyggèstons ￿rt[￿l￿$., 2. Trinity Pwmanont Endowgd Funds- and 3. Trinity fr88 r858rv8s Funds. Pagé 12

WYGGLSTONS ANO TRINITY ALMSHOUSES TRUSTEES. REPORT IContlnu•d) FOR THE YEAR ENDED 31 DECEMBER 2023 In 2023. th8 porif01￿ had to conteThd with s8V8ral significant h8adlin8s.' a dfftnali¢ ris• in Inflation, central banks respondlng wllh ralsiro Interest iatgs, and ggopolitical uncertainty. Through tha year, inflation showed slgned of moderatiro and central bankers appeaTS to have comg to an gnd of ¢h8ir rate hiking cyclè. gven signalling the prospect5 of cuts In 2024. Thls, coupled wlth slgns of ecotKTrmlc gro¥th and enthusiasm towards technology and Al-related ccmpanies turned a rela(ively flat yeaf for performance. into one of slrwg return5 Wlth the porlfolio returning +8.4% over the year versus the ARC Charltles Steady Gro%th Index of 5.6%. Folowing Ihe chalbnging year of 2022, a market dominated by Russian's full-sc￿e invaS￿n of Ukraine, thi5 helps re5tOTe strong long-t8rrn perform8ni* ol +7.5¥4 ￿r annum ovèr th8185lfivé y88rs. Looking ahead in 2024, LGT expe¢t volatilty to be a ¢on8tsnl.' infvtion has not yel gone away, economlc grovAh is fanerw, and thete are many election5 which will dominate headlines. Despile this. we ¢￿tinUe lo look Ihrough the short.lerm noise. maintain a s8lectiv8 approach investing in hIg￿uality companies that alKJn with our focus on 8UStainabl8 growth and income. In 2024, LGT bèlièv6 kT>owng our companles. and thelr relatlonshlp wlth the possibl• risks and opwrtunthes. will b& key to lO￿te￿ succe￿. 16.&22 Caunov• Capltal Inv•8tm•nt Thè Charty have a h)ng term investrnent portfc4io managed by C￿eTh)ve on a discfgtionary basis. 2023 was an In¢rodlbly w¢niful year in markets, wrth F4enty ol forces for investors to navigate. Economists weren'l espeeially hop8ful about 2023 with predictions of rec•ssi￿S Iltterfng the worfd's eeonomies. After all, hampered suppty chains were drivin9 infflation highgr. and contral banks were fighting back with e£onomy- bruising interest rat8 hikes. Aftgr signif￿ant Ios58s in 2022. 8quili8s bounced back again in 2023 wilh Global equities reiurning +16.4Yo over the year1+9.3% excluding the magnrficent sevenl whi151 UK Gov8rnmènt Bonds rètumèd +3.7% after 8 StrorvJ end to the year. Central banks in the US, the UK, the eurozone. Japan, and SMtrerfand all slarted keepin9 Interest r8te$ unchanged in late 2023. For the fjrst time since the end 012020, of the world's 30 bvJgesl c•ntral banks were gxpected to ¢ut rates in lh8 final quart8r of 2023 than rai58 thern. The portfol￿ I8￿Me￿ 6.3°A acrc)$8 the year, wlth Inctsmg genèratèd rèturnlng to pr&COVID levels. Equlties led the way. mlrroring the picture of the broader market, with US and Global inv8stm8nts p8rforming partiuAady stru)gty. The￿ were aLso strong positNe retums within the fixed income element, as 1h8 fts￿$ on 8hort-dated corporate bonds wag rewarded. 1fj.5.3. Insignis Cash Portal- Directly Manag•d Funds Followiry a large ￿5h r¢wpt from a land disposal in 2022 Ihe Trustees cix15ideied alternative investment prothjcts to enab￿ consistsnt retums on invostmonts and identrf18d a cash management portal as 8 501ution. Th8 Flnan¢8 Ilnv8sfm8ntl Sub Committ88 has ov8rse8n the investmont of funds in th• Insignis Cash manag•m•nl portal Sn 2023. A rnanao8mtnt poh.cy has boèn d8v8lope(I to asslst staff and m8mb8rs ol th& Flrtance Sub Committ86 Ilnvestrnentl to undertake an effectlve Investment of capttal receipts into the accounts offgrgd through thg Portal whilst rnitigallhg Any rlsks to thè Charrty. Inktl8lly £2m of fund5 werè placed in the portal in a rangé of accounts providing drfl￿ent noticelmaturity perfods nd interest rates io enable close managemenl ol funds which Can be drawn down use as operating cash to meet sperjfic fnarKial commitments or reinvested on rnaturily. Page 13

VIYGGESTONS AND TRINITY ALMSHOUSES TRUSTEES. REPORT (Continued} FOR THE YEAR ENDED 31 DECEMBER 2023 16.6 Agrlcultural Esta1• and Oth•r R•al Estat• Thè talk across tho Agrkuyiural Estatè focus￿. throughout 2023, upon the weather localty and at the other extreme the effect of global confllct on tho supply of comnmmll1￿8. The Refom) of Central Govemment support for AgdcuKure Is really beglnnlng to drfve change In agrfcultural practice but perhaps furlher Chan￿ is on the way.. inevitabty uncèrtalnty amongst the Egtates Tenants is signilieanl. The historically good rdationship betsveen the Charlty and its tenants will be key over the next fow years. Some of the Estates Strategic land ly)hJings a￿ expected to come lo fwition over the next year or so and make è sign￿c8nt eontribthitin to lh8 Charity. Agricuttural Land valugs remain hvJh a3ain$t a historical p8rspgCtlve but exièrnal f8ciors from outsldè of Agwiculturè ar8 driwng thè mark8t for land rathèr than agricultural bids. The Estat? 18 8ctivgty fflanaged and furlhgr rgVi8ws ol ¥ny oppurtunities wlli cOn￿nUe. The periodic rent r8V18w for Ihe Rugby SeNKes has been cornpteted in tr8 Spring of 2024 in thccoidance wth the (ems of the lease agreement and resutted in an increase to the overall rent roll of £58,0(KJ per annum that wll be rellecied in the 2024 accounts. During 2023 the estste prOV￿ed income of £873.78512022= £861,9651 to support the Charty'8 8¢tNihes. 16.6.1 Malntenance Th? Apnts arranga ganaral maintenance #nd insurance on the estate where it remains the landh)rd's responsibility. They have standing inslruc1￿ns Ihat ihey rray spend up to an arnouni equal 10 100/0 of renlal incomo without referring back tr& thg Trustaès for such maintenance. The 10Wo level Is taken over a three-yèar rdllng programme to allow lorthe varfous nuctuaUons each year. 11.62 V181t Each y8ar the TILL8t8es. wilh their advisijfs, visit either an existing hohjing or, rf new land has been purchaswj. visit to meet any new lenantlsl on the E5taie. The usv81 visit cycl8 is about every five years. During Ihe y88r 2022 th8 Trustees and their advisots welcomed the estate tenants to the new Lancaster House devèlopment for a tour of the new ￿M$h￿se$ and a tenants luncheon. The visit took place on Friday 29 Septsmber 2022 and was well attended. 16.7 P•nslons Wyggeston's provldes 811 tt5 ell￿ble emph)yees the chance to loln In a wOthpla￿ pensK)n scheme under the umbrella of The Pensions Trust There are parb¢u18r8re8S theTrustees musl consider concerning pensions. The original 5chemÈ h8d 8n element of capital guararhtee and as a group style scheme existing tnembers are mutually liable lor each other's debts. There is a wtentia debt on withdrawal and The Pensions Trust h8d notified the Charity that the Employer debt on wlthdrawdl could have been in the region ol £YO.000 in 2014. Thls woubj On￿ become payable in the evenl tha Charlty had no active members in the Scheme. Page 14

WYGGESTONS AND TRINITY ALMSHOUSES TRUSTEES. REPORT (Continued} FOR TrIE YEAR ENDED 31 DECEMBER 2023 The Pensions Trust have irnposed an anwal levy ol over £3,000 per annum for the ngxl six years fvom 1 April 2022 to make good th9 tu￿nI defi¢iL Tl¥s 1$ a requir8ment by thè Pèfisions R￿UlatOr. Tha Trustaas, thèr&for8, felt It prudent to Inltlally reserve a sum 01 £100,000 agalnstthese real and potential liabilities. The deficit has been effeCt￿elY managed by the appolnted Penslon Trustees and the most recentvaluation of Ihg debtin 2022 show 8 signifunl reduction in th¢ Chartty's potèntial Ilabllity. This has been reviewed by our pension advisers and the 118blSity Is b611eved to be oround £SO,000. A fvrlher valuath)n Is to take place in the summer 012024. The Tiusless aro awartr of an impending Logal Review ol the scheme in eaily 2025. The High Court will hear ¢88e being broughl 8gain$l The PenSic￿ Trus¢ that there i$ ¥Uff￿1￿nt ur￿rta1nty regardin9 Ihe eltecL of somt bengfft ¢h8nges mode to the schgm95 gver tim8. and Ihatthe directions ol Ihe Court are io be obtained to provide the Trustee wilh the certainty It needs to properfy administerThe Pensions Trust. The risk register lor the Charfty has b88n updated to allow for any addthonal financial tsjrden from tha ?xp8d8d legal judg•Th8nt that may adversely effect the levy. 16.8 Grants. Réeèlv Durlno the yearlhe Charfty Tecèfvod a oranl of£500from the Duchy 0lLan¢astsrwhi¢h 1$ usod towards the c08ts of Found•rs Day cel•brations. The Trinity Hospital Charities CIO also receives a sirnilar grant lowards its beneficiaries fund. The Charity is proud of Its unique rela1￿￿thIp the Ouchy of Lanc8St8r. th previou81y w8s c105ety linkèd to Ihe managémanl tsf tha two Amshousss and who retaln therlghtto approve the appointment ol the Chaplains. 16.9 Fundralslng Th8 Charity wss nol invofvad directly or iidweclty any fur¥graising for its own benefit during 2023 and is unlikety to undertake any fundralslng in Ihe near futu￿. The Charity had mo fundiaising actlvits requhlng disclosure uThJer S162A of the charl￿e$ ACL 16.10 Subsldl#ry Compan1•8 The Charity is 8 tsyo Site, single operation entity and rK&t have any subsidiaries. 16.11 Reserves Policy Free reserves are calculated as the general unrestricted lunds of the Charty exrjuding the lunds invested in tangible fjxed ass&ts. The Charlty had In the unrestrfcted general fvnd free reserves, which exd4Kles tangible fixed assets. negative funds of £639,506 xt the ènd ef the cutrent year. This is ralculated by taking the doslNJ total funds. less pemianenl endowment, restsicted lunds, tsngible fixed assets and designated funds. The Truslegs collsKler that 8 minlmum of $lx month$ of the Charity's annu81 èxpenditure Is B reallstic figure In order to cover rlsks and unc•rtainti&s. The l*v¢l ol frge r8S8rve5 remain5 below the target set by Ihe Trustees large￿ as a result ol the Lancaster House and cottages capital project being financed ol exlstlng cash resources, in excess of projected working capital requir8menLs. Th8 Trustees continu8 to rnanage the Charty'5 resources wilh a view to recoverin9 the lev81 of tree reserves over the medium tem). Page15

WYGGESTONS AND TRINrrY ALMSHOUSES TRUSTEES. REPORT IContinu•dl FOR THE YEAR ENDED 31 DECEMBER 2023 1fj.12 Extra•rdlnary Repalr Fund {ERF} ond Cyclical Maintonanco Fund ICMF) The unplanned major works are funded from the ERF and in 2023 thes8 w8r8 £31,441. Oth8r general malntenaFV Items w¢rè allorAt¢d dlrecly to the general repalrs and malntenance budget. The CMF are used lo lunds refurbishment ol apartments and other planned works identified through the quinqugnnial su￿eY and ongoing projects. 16.13 Transf•rs The Charity Scheme requi￿8 Wyggestons and Trinity to Provide 8 CMF & ERF deslgnated fund5 to cover costs of cydical maintenance and extraordinary repaiT5 and the58 were established al CMF £850K and ERF £300K at year end following transfer of funds from general funds from 2023. Followng Ihè mèrgÈr thèsè amounts will amended tr) reflgGt the additional cgsts to bg incurred of the two silès. 16.14 othor Funqls The other funds are detalled ln ￿19 21 of the financlal slalements. 17. SENIOR STAFF Although the Board of Trugtees k8 the legal enlity vAlh responsibility forthg assels and rnanagemonlollhe Charity. da￿l￿daY management i8 G8rried oui by the sentor staff. These grè Thé Mastèr IWIK) under the Tèms of the Charity Scheme must be an Ordained Priest In the Church of Englandl- the Reverend Anthony (Tonyl Leighton who is resKX)nsible for the pastoral care ol thè residents and any ernployeÈ or Tiustae who seeks his halp er guidanc8. R8v L8ighton's appointrnènt was txiended for a further fiv& years during 2019 with the approval of the Tiuslees. Bishop of Lekester and Ihe Du¢hy of Laneasler. Th8 Chi8f Ex$cutiv•, Chris jo￿$, is responsible for all the day-i04ay management of the Charity and also acts as Company Secretary and Clerk to the Trustges. Loui89 RlchaTds, Haad of Care ig respoftslble forthè care and welfare of all iesldents. For remuneratlon detalls see note 13. The remufjgrdti)n package for each eTnploye8 is determined by referen¢e to extemal f8tttsrs $uth as C￿rgY pay scales orcomparative figures from the Press forsimilar positio1￿. Tho Chaplain of Trinity receives an Honorartum from the Duchy of L8ncaster. Appointments ar8 mad8 following th8 Standard iwNJu5try procedure of fDrThal pplicalion. interview and background checks such as references and Enhanced Disdo$urg and Barring Check. 18. PROFESSIONAL ADVISORS Th• profèsslonal advlsori of th• Charlty ar•: Auditor & Acco￿tartts Bat)k8rs MHA 2 Lgndon Wall Plac• Barbican London EC2Y SAU N8tional westm￿)Ster Bank 1 Granby Street Lei¢est¢r LE16EJ CAF Bank 25 Kings Hll Avenue ng5 Hill, West Malling Kent ME194TA Page 16

WYGGESTONS AND TRINttY ALMSHOUSES TRUSTEES. REPORT Icontinugdl FOR THE YEAR ENDED 31 DECEMBER 2023 Land ManayiThJ Ag•nts SollcitOTS Andrew Granger and Company Slought￿ Grang Gartree Road Leicestgr Browne Jacobson LLP wbTay House Castle Mea(SJw Road Notungham NG2 18J LE2 2F8 Inveslment Managers Investment Managws LGT Wealth Manag￿ent 14 Comhiu London EC3V 3NR Cazgnove Capit21 Manag8fflent 1 London Wall P￿ce London EC2Y SAY Pensions Athlsors Mattioli Woods 1 New Walk P￿ta L•ie•ster LE1 6RU 19. REGISTERED OFFICE (FOR ALL CORRESPONDENCE) The Administratbn Office Wyggestons and Trinity Atrnshou585 160 Hincklèy Rood Loic•st•r LE3 OUX 20. STATEMENT OF TRUSTEE'S RESPONSIBILITIES The Trustees are resporffjlbte for prep8ring the Tru5te8s' Annu81 Report and the Flnanclal Stat8m8nls In accordance applicablé law and Unitèd Kingdom Generally Auepted A¢(x)unbng Pr8cbc8 (United Kin9dorn Accounting Standards). The law apFlicab￿ to Charities in EThJland and Wales requires Ihe Trustees lo prgp8re Fingncial StaterTtenls foi ea¢h financial year which give 8 true and lair viaw of thè stat8 of affairs of the Charity and of the incoming r8sources and applicatlon of fesources ol the Charity for thal period. In preparing thgse Financial Ststements, the Tru$tee$ are requSred to= selecl suhable accountlng polkles and then apply them con$ist8nlly- obs¢r¥¢ Ihe methods and princip￿$ in the Chalil￿$ SORP, rn8kè judgmènts and ègfjmatès that are rè8son8blo and PTudgnL state whether applicab￿ 8¢¢wnllng stsndard$ have been lolbwed, subject to any matertal departur68 sclosed and explalned In the financial statements.. and prep8re thg fwan¢ial ststoments on th¢ golng concorn basis unless It IB inappropriate to presume that the Charily wlll conlinue in business. Page17

VIYGGESTONS AIID TRINITY ALMSHOUSES TRUSTEES. REPORT (Continued) FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees are ￿sponSible lor keepiThJ adequate accounbng record5 that are Suff￿lent to show and expla the CharIt￿S transactims. disdose with reasonable accuraty at any ts.me the financlal posttlon ol the Charty and enable them to ensure that Ihe financlal statements comply wlth the Charitles Act 2011, Ihe Charities (Accounls and Reports) Regulations 2008 and the provislons of the Ch8rlty'8 ¢onstitutlon. They are also responsible for safeguarding the assets of the Chaiity and h8nc8 taking r8asonabl8 steps for the prevention and delection of fraud and other ifregularities. 21 OBJECTIVES AND ACHIEVEMENTS In last year's re￿W a number ol Obleclfves We￿ set out for 2023. These are Ilsted below together Ylih our a¢hiev8rnents. Achbveme￿S'. completion of the merger of the Charity wrth our partners Trinity Hosptial Charities CIO lo enable the Charity 10 expand it6 servic85 to rnore benefi￿ar￿5.. compl8tbn of Ihg ngw Wyggestons fomial Gardens.. ¢c￿Men￿ment of Ihe rnodemisalion of the communal rooms and corridor¥ spac98 In William House Almshouses to reflecl the stsndard ol accornmodation provided in the new Lancaster H(yJs8 develop￿en1., conlnuation of the Looklng Ahead GroLV to oversee the cornp5etKJn of the current Projects aThJ explore csjportunities lo develcip the Charity's activities and operalKJns.' complotion ofwet room refvTbishment prograrnme at Trinity Hosprtal: th8 r8vi8w of A¢couTrlancy and Audit S8fVICgs was cDrnpl8t8d by the Govèmors and the Charity 8ppoint•d MHA as theii new a￿1￿01$.. and Local Authority &Jiidir¥J control ILABCI Buibjing Excell8nc8 Awards Named LaneasteT Hous8 as Ihe East Midlands regional winner of the Best Purpos￿Ul1t Ac￿mMOdatIOn award for 2023. 22. OBJECTIVES FOR 2024 lo complete the modernisation of the communal roorns and space5 in William House mshouses to refiact the standord of accommodatKJn provided in the new Lancaster House development., to continug the of the L(KthirvJ Ahe￿ Group to oversee the c¥)mplelh)n of the ¢urrenl projects and explcrfe opportunttigs io develop the Charitys activities and operalions., recruthnl of new Cha￿aIn and merging of the role with Ihe Trinrty Ch8plain,' to dose the Trfnlty Hospital Charities CIO and add its details to Ihe Ch8rity Commi53ion Register (rf Mer9er¥ Io 8nswe long term legaaes are safeguarded; to continue wth Truste•$ vi$hs'. and in line vAth the Charity Commissici fecommendations for the maximum number of Trustees seats on the BO￿ ft was agreed to implement a reduction in the number of Trustees on end of current

p￿Intments of representallves from Ptjbllc Bodies from 9 tr1 4 to be Im￿eMented on the cessation

of curr•nt awintmènts Pag8 18

WYGGESTONS AND TRINrrY ALMSHOUSES TRUSTEES. REPORT (Continued) FOR THE YEAR ENDED 31 DECEMBER 21123 23. POST BALANCE EVENTS The M&ster of Wyggestons Rev A R Leighton retired from the role on 12 July 2024 and the Charity is pleased lo announce the appointrnenl of Rev A Q Micklethwaite as the rwi Ch8pl8in of Wy99èslon$ and Tfinty Almshouses. With the creation ofth8 new￿ merged rolethe CUWTent Chaptsin olTrinity Hospital, Canon Bary Naylorwll resign from tho post hg has held for 15 years on Ihe lir*nsiry of Ihe n8w Chaplain by the Lord Bk8hop of Leicester on g August 2024. in aCCord￿ce vAth th8 L8tters Patent from the chal￿110￿ oflhe Duchy of Lancaster. 24.. BOARD OF TRUSTEES Under the temis of Ihe Charty's Scheme the minimum number ol Directors ts six and the maximum number is 20 made up ol one Ex Officl) Ithe Master for the time being) len Co Opted and nine nornin8ted by gxternal bodies. The Chaplain of Trinity joined Ihe Board of Trustees on 31 March 2023 as a nomination of Ihe Ic aU￿Ority having formedy been the exkntrfficio Twstee of the CIO. Detailed bek)w are the Directors of the WygJgslons and Tmily AJmshokJ$ÈS Charity served in office during the year. NAME COMm[￿EE(SI. FRST APPOINTED EXPIRES Honorary The Lord Mayor of Ihe Cty of Leicester for the time being Annual appolnlmonL J K McLau¢hlan 2023 Co••d1101 (T¢mi of 7 Yèars) Mrs S V Hubner R L Pierce Mrs E M Bamford Mrs A Brown Mrs T M Philllps Mrs S R Pow911 Dr R P ArchpJ DWLax WKWright EEXFHLAR EEXFR HEXLARF (Ch ol Hovsel IV Ch of Estato} IV Ch of Housèl 1983 2007 2016 2016 2016 1996 2018 2019 21r21 26.06.24 24.06.28 21.06.30 21.06.30 21.06.30 21.02.31 NIA 01.02.26 25.08.28 AEHEXFFSLAR AEEXFFSHLAR Ich of Estatès) Ich of Board) ResignÈd 02.08.2& IV ch ol Flnance) AEExFFgLAR EX￿)fficI0{1) Master ofth8 H05Pltal (TeTrn 015 yeatsl R￿d A R LepJhton EE¥FFsHLAR 2014 Rètired 12.07.24 Chaplaln ofwyggestons and Trlnty Almshouses IT8mi of 5 years) Rerfd A Q Micklethwaite E Ex F Fs H LA R 2024 01.07.29 Nomlnated191 (Temi of 5 Years) Appolnted By Lelcester Clty Councll {41 Dr S Barton MsADByme C8non B N8yk>r (Chaplain of Trwity Hospltall 2019 30.05.29 2022 25.03.27 2023 Resigned 09.08.24 Page 19

GGESTONS AND TRINtrY ALMSHOUSES TRUSTEES. REPORT Icorrtinuedl FOR THE YEAR ENDEO 31 DECEMBER 2023 Appointed By L•ic•st•rshir• County Councll Edu¢atlon Commlttee121 P C Osborn8 P M Po¥nett AHEEXFFSLAR Ich of FInan￿) 2017 2018 01.10.27 11.0323 Appolnte<l By L•lc••t•r¥hlr• County Counell Soelal S•Nle•s Commltt¢•121 J W R¢y¢e L Phillim(*e EFHLA 2LK)1 2022 27.06.26 01.02.26 Appoint•d By Ld¢•st•r Clty NHS Prlmary Care Tryst {11 O J S8unders AEEXHFFSLAR (VtholBoardl 2(KJ9 14.05.29 'Comrdttees:. A- Audit F¥- Finan￿ Sub E- Est81e H = House Ex = Ex•cutfv• LA- Looklng Ahead F- Finance and Grants R= Revlew Ch= Chairnan V Ch - Vice Ch?irrnan AJI ￿rrespOnden￿ lo the Twstees should be addressed Ihrfj￿h lh¢ Ra9i$tSTed Offic&. Thgc also operates under the narne Wy9geston's Hospitol Charity. S R Pow￿1 Chalm)an ofthè Dir¢ctors of Wyggestons and Trinty Almshouses Page 20

WYGGESTONS AND TRINITY ALMSHOUSES INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF WYGGESTONS AND TRINITY ALMSHOUSES Opinlon We have audrted the financial statemonts of Wyggestons and Trinty Almshouses (the 'Charityl for the ended 31 De￿rnber 2023 whlch comprise the Statement of Financlal ActNlties, Ihe 8alance Sheet. the statèmènt of Cash Flows and th8 rèlated ￿tes. induding a summary of significant actounkn.ng polieAes. Thè financial reportlng framework that has been applied in their Pfeparation is applicable law and United KIn￿10M Accounting Standards, induding Financial Reporting Stand8rd 102 The Fin8ncial Reporting Standard applicable In th& UK and Rapublic of Ir81and' (Unitad Kingdom GènaTally Accèpted Accounting Practic•l. In ￿T opinion tho financ4al statements.. g￿e a 1rn0 and falr view ol the slate ol the Charitys affalrs as al 31 December 2023 and of Its incoming rosource5 4)plication of r8sourc8s. including rts incom? and expenditure, for th? y￿r then 8nd•d-, have been propety prepared in 8¢cord8nco wth United ￿ngdoM General￿ Accepted Ac￿Unting Practice,. and have been prepared in OCLordance whh Ihe requifemenis of the Chartties Act 2011. Bas16 for oplnlon We ¢onducted our audlt In accordan￿ wllh Intematlcmal Standards on Audftlng IVKI {ISAs IUKII and appllr2ble law. Our responsibilitiès under thos• standards arè further described in the Auditors, responsibiltliès for the audit of the financial statemenls $8cllon of our report. We are Independenl of the Charfty In accordance th the tthKal requiremènts that are r818vant to our audit of the financial statèments in the Urnttid Kinydorn. induding the Finandal Repc41iThJ Council's Ethical Star¥JaTd, we have fulfilled c¥Jr other ethical responsi)ililos in acrxjrdance with Ihese requirem8nt$. We b8li8ve that the audil evidence we have obtained 1$ suifici8nt and 8ppropri8tg to provi¢J? o basis for our opinion. Con¢luslons rolatlng to golng ¢on￿rn In audi¢in9 the financial statemenls, we have wndudgd Ihat the TTUStees' use of the goin9 concern basis of aeeountinu in the pre￿ratIon of the fI￿ne181 statements Is approprfate. Based on the work we have performed, we have not identified any material uncertainties relating to events or l￿ditionS Ih81, irwJividu811y or Ix)Ile¢tivoly, may ￿$t signffiwil doubl on tho Ch8rity's ability lo ￿ntinue 8$ going concem for a period ol al least tsyelve months trom when Ihe financial statements are authorised lor issue. Ouf respc￿sibilitl98 and the respon8ibilitie8 of the Trustees wtih respect to going concem are described in the r￿￿ant sEdion$ of this rgport. PaJ8 21

WYGGESTONS AND TrINITh ALMSHOUSES INDEPENDENT AUDifoRS' REPORT TO THE MEMBERS OF WYGGESTQNS AND TRINITY ALMSHOUSES ICONTINUEDI other Informatlon The other information cornpris8S the Nformat￿n induded In the Annual Report other than the financial statomenls and our Auditors, Report thereon. The Truste88 are responslble for the other infomiatlon ¢Mtained wthin the Annual Report. Our opinion on the finanaal statements does not cover the other information and, èxeèpt to Iho èxtènl tsth0rwis8 éxpllcllly statod In our roport, wo do not 8xpross any form of a$suranc8 (x)r¥du$ion thereon. Chjr responslbllity Is to read the other infonnation and. in doing so. consKl8r whether the other Infomation is rnaterially incon51$tent with th$ financial statèmènts or our knowladgo obtainod in tho course of tho audit, or otherwise appèars to be materfally misstated. If we identify such matsrial inconsistencies or apparent materfal mlsstatements, we are requlred to determlne whtrihèr thi$ giv9$ rise to a malgrial mis$talement In tho financial staternents themselves. If, bèsed on the work we have performed. we conclude that there is a rnaterial mlsstaternenl of thls other Inlomatlon, we are requlred to report that fact. We have nothing lo report in this regard. Matters on whl¢h wg arg rgqulred to report by •xc•ptlon We have nothing to re￿ in respect of the folowing matters where Ihe Charities IAtcounts and Reptsrty Regulali?ns 2C4)8 requires us to repgrt to you Sf. In our ownion.. Ihe information given in the Tru8tees' Report ts incowtslstènt in any material fespect wmh Iha financlal slatements.. or suffici8nt ac¢ounth)g records havts not been kepl-, or the finanryal statements are not in agreetnent with the accounting records and retums.. or we have not received 811 the infomiation and èxpLgnations wè rÈquir8 for our audlt. Responslbllllies ol Tru$t¢e$ As ewolned more fully In the Trustees, Respon8ibl1￿es Statemenl, the TTU$tees are responsible for the preparat*)n of Ihe financial stalemenls which give a true and fair view, and for such int8mal contr(A as th8 Trustees deterrninè 1$ nèeÈs$8ry to en8ble 1he preparalon of finandal statemet)ts Ihat are Tree from materfal mlsstatemenl, wheth6r due to fraud or error. In Preparing the financial ststements. the Trustees ar• responsibl8 for assessing the Charitls abifity to C￿tIllU8 8$ 8 g(xng concem, disdoslrvJ, as applicable. matters related to going concern 8nd using lh8 goiThJ concem basis of accountlng u￿e$S ihe Trustees either intend to liquidate the Charity or lo ￿3$e cperations. or have no realistic altematwe bul lo do so. Page 22

WYGGESTONS TRINITY ALMSHOUSES INDEPENDENT AUD￿oR$. REPORT TO THE MEMBERS OF WYGGESTONS AND TRINrrY ALMSHOUSES ICONTINUEDI Audltors. rnsponsibiliti•$ lor th• audlt of th• financlal $tatem•nts We have been appoinled as audilor under section 144 of th8 Chariti8s Act 2011 and report in accord8nce wilh the Act and relevant regulatlons made or hal￿ng effect thereunder. Our objectives are to obtain reasonalAe assurance about whether th¥ fflnandal stst8m8nt5 as 8 whde we freg from material missta18m8nt, whether due to fraud or 8rror, and to 155u8 an Auditors. Report that indud8s our opinion. Reasonable assuran￿ is a high level of assurance, but is not a guarantee that an audit conductgd in accordance wth ISAS IUKI will alwa￿ detect 8 material mis5tsteme￿t when il exists. Mis5tatern8nts ¢an aris9 frorn traud or error and a￿ rA)nsidered material rf. indivhJally or in the aggregate, they c￿1￿ reagonabty ba expected to influence the erxjnomic decisions of users taken on the basis of Ihes8 fin8nci81 st8tements. IrreguI8Tities, including fraud, grg instsncg5 of non￿orn￿lanCe ￿th laws and regulations. We desiw procedur85 in Ime with our responsibilits"es, outlined above, to delect material misstaternenis in resped of Irregularit￿S, including Iraud. The exlenl to which pro¢xdur95 are capa￿8 of d8teding irregularitl85, ￿￿u￿￿9 lrnud bs detal￿d below.. (i)lalnlrKJ and understsndlng of the legal and regulatory frameworks that Ihe Charity orrates in, focusing on those laws and regulakn.ons that have a direct effect on the finanoal slatements., Enquirfng of management and Trustees around kn(Mn or suspected Instances of ￿n-coMp￿&￿te of laws and r9gulali0￿ and fraud., ¢Jlscussing among the engagement team regar(Ing and where Iraud mvJhl 0￿ur in the flnandal statements and any potential indbcatE￿s of fraud., reviewing minutes ol rneeting5 ofthos& charg8d with govemance., rewewing Financial Statement disdosur8s and testing to supporting docurnèntation to assèss compliance Ih applicable laws and regulatiorks". and perfomlng aud5twork In relatlon to ffte rfsk of management overrlde, Including testing ofjoumal 8nlrf8s an other ljustmenls for appropriaten$ss and reviewng aecounting estimates for blas. Bècause of Ihe Inherent Imltatlons of an audlt, there Is a tlsk that we ￿11 not detect all Irregularftles. Includlng those leading io a material misstatement in the financial statements or noTrcompliancè with règulatiorn This risk increas85 Ihg more that ctsmplianea with a law c ￿gUla￿On Is removed from the events and transactKsns rthl0c￿d in the financial ststements, as we will be less likely to become aware of instsnces of nonrycompliance. The risk is also greater rg9ardir£ irregularit￿$ oc¢wrring due to fraud rath$r than error. as fraud involve$ in18ntional C0￿Cealmont, forg8ry, collusion, Orni5sion OT misrepie$entalion. A lurther de$trfPt￿n of our respDnsibillties for the audit of th8 finaneial stat8mènts is locatèd on the Financial Reporting Councll'$ wab$ltè at= ￿.frC.or .uklauditorsres nsibllloes. Thlg descrlpuon fom)s part of our Audttor5' R•po Use of our report This rèport Is made solely to the Ch8riVs Trustees, a6 a bcJy, in accordance iih Part 4 01 Ihe Charfties (Accounts and Reports) Regulations 2008. Our audit work has been undgrtaken $0 that we might slate to the Ch81itls Truste8s thosé matters WÈ ara r￿uir￿d to state to them In an Auditors. Report and for nts oth*r purpose. To the lullosl extent permitted by law. we do not accepl or assum8 responsibility to anyone oiher than Ihe Charity and its Trustees. as a body. for our audit work, tor thls r8POrt, orfoT the opinions we havÈ fomied. P8g8 23

WYGGESTONS TRINrrY ALMSHOUSES INOEPENDEKf AUDrroRS' REPORT TO THE MEMBERS OF WYGGESTONS AND TRINrrY ALMSHOUSES (CONTINUED) MHA Lonrjon Date.. 9 September 2024 MHA are elvJible to act as audilor¥ in terms ol section 1212 of the CoMpan￿S Act 2006. MHA is the tradirvJ name of M8clniy8 Hudson LLP. a RmSted 1Sability parlnership in England and Wale5 (registered numbgr OC3123131. pa￿ 24

WYGGESTONS AND TRINITY ALMSHOUSES STATEMENT OF FINANCIAL ACTNMES FOR THE YEAR ENDED 31 DECEMBER 2023 As re$tated Total lund5 2022 Unr•strlct8d fund5 2023 R￿triCted Endowm•nt fund5 fund5 2023 2023 Total funds 2023 In¢ome and •ndowmgnts from: Donations Charitable activib'es Investments Other irKome 4,884 2,011.626 1,251.531 38.559 11,948 1,863,364 1,210,369 108.549 2,011,272 1,2S1,531 38.559 354 Total Income and 8nd0V￿ent) 3.305.746 3.306.600 3,194.230 ExpondSlure on: Raising fund6: Investment managers. fees Estate expenditure Charitable acbvities 1.750 272.904 3.514717 69.151 70,901 272,904 3,552,431 72.835 212.419 2,631.023 10 36.214 T*)tal •xp•ndMur• 3.790,371 10436S 3,896,236 2.918,277 Ngt l•Xp•ndltur•￿I￿tofft• bofor• n•t galns on Inv¢$tm¢nt$ Net gains on investments (484.6251 354 (105,3651 1589.6361 277,953 2.708 588.625 591.333 5.759,252 Net lexpenditureVintom• Transfers bgtwegn funds 1481.9171 354 463.2611 1,697 6.037,205 250.000 (250,000 Nel movement in fund$ 1231.9171 354 233.2fj11 1,fj97 6,037,205 P￿e 25

WYGGESTONS ANO TrINITY ALMSHOUSES STATEMENT OF FINANCIAL ACTIVMES ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 As restsled Tr)tsl funds 2022 UnTe$trlcled funds 2023 Re6trl¢ted Enilowment *Jrtds ftsnds 2023 2023 Total funds 2023 Recon¢ili•tion of funds: Total funils brwghl forward Net mov¢rnertt in fvryjs 4563.336 {231,91n 12.675 354 55.213.813 233.260 60.889.824 1,697 54,852,619 6,037,205 Total lunds eath•d fonvard 21 4431,419 13,029 55N47.073 60,891.521 60,889,824 The Statement of Finan(x81 Activities ind￿je$ 811 gwng an¢J losses rewJnised In ￿ sear. The notes ￿ pages 30 to 61 lomi part of these finandal siaiements. Pago 26

WYGGESTONS AND TRINiff ALMSHOUSES BALANCE SHEET AS AT 31 DECEMBER 2023 As rèstatèd 2022 2023 Note Flxed assets Tangible a889ts Listed investments Investment propety 14 11.182.278 11.849.437 40.184,178 11,257.415 11.454,813 40,150,000 15 18 63.215,893 62,862,228 Curr•nt ass•ts Debtors Inveslments Cash at bank and in ha￿1 17 111,548 1,839,316 947.175 157.798 18 2.975,223 2.894039 3,133.021 Creditor8- 4rnounis laliNJ du8 Wlthln ong 19 12,970.0471 12.805,6431 N•t ¢urr4nt IlablllUe$ l assets 1710081 327.378 Totsl ￿8•1$ 1¢$$ Current Ilabllltles 64143.885 63,189,606 Crgditors.. amount5 falliThJ due 8fter more than one year 20 11252,3041 12,299.782} Total n•t a$s•ts 60,891.521 60,B89,824 Charlty funds Endowment lund8 Restricted fvn(ts Unrestrfcted fuThYs 21 21 21 $5,447,on 13,029 5A31,41# 5S,213,813 12,675 5,663,336 T¢tal fund8 80,891￿21 60,889.824 P•Je 27

WYGGESTONS AND TRINITY ALMSHOUSES BAL4NCE SHEET {CONTINUED) AS AT31 DECEMBER 2023 Th8 ffinanc181 $tal $ We￿ approved and 8uthtylsad for l$$ue by th& Twstees and slgned on Iheir bèhalf by.. S R Pow•ll Chaiman of the Directors of Wygggslons and Trinity mshou8es Dale.. The notes on pages 30 to 61 form part of th858 financkgl statements. pa￿ 28

WYGGESTONS MD TRINITY ALMSHOUSES STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER2023 As restated 2022 2023 Cash flows from operating activilie Net cash us8d in op8rattn9 activities 23 11.133.629) 1492,0681 Cash flow8 from Inve¥￿n9 actlvltlos Dlvklends. intsrosts and r•nts from inv•stm•nts Purchase of tangiNe fixed assets Proceeds from sale of investments PurchasE ol ffixed asset Iriv8Strn8nts Purchase of ￿rrent a58et investmÈnl8 1.251.531 1.210,369 1249.931} I1,498,￿) 3,722.816 2.700,604 14.065A83} 12,091,781) (1,839.316) 152.17a) 125.IKIO 363.228 PU￿haS￿ ofinvgstsnent properties Proeeeds on disposxl of investment properties Movemenl in investrnenl cash 198.5491 2,654.330 1268,QK181 N•t caah lus•d Inllprovldtd by Invgsdng a¢ll¥ltFg8 1764,3331 2,610,459 Co#h flows from flnanelng •¢tlvltles Intèrest on loan {130,0861 151,912) Net ¢a8h umd In finan¢lng actlvities {130,0861 151,9121 Changè In cash and eash èqulva10nts In th• y•ar Cash and cash equi¥￿ents at the beginning of the year 24 12,028,048) 2.975.223 2.C66,479 908,744 Cash and ¢osh gquivolgnts at tho gnd ol tho ￿al 24 947.175 2.975.223 Th8 notes on pag8s 30 to 61 forrn part of (he5e ffina￿al slatsments Pag8 29

WYGGESTONS AND TRINITY ALMSHOUSES NOTES TO THE FINANCL4L STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 G•n•ral Infonnatlon Wyggesions and Trinity Almshouse5 is a regi51ered Charity with tho Charities Commission in Eng4arwJ & Wales Ir8giStered number 2168731. The address of rts registared office is 160 Hihckley Road, Leicester, LE3 OUX. ¢oynting policies 2.1 8a$ls of PT•paratlon of flnanclal ¥tat•monts Tho finanual statement5 have been prepared in accordan￿ wilh Ihe Charities SORP IFRS 1021- AccouThtlng and Reportlng by Chariti95.' Statemonl of Rewmmended Pfactice applicable lo Charities weparing theli accounts In accordance wlth tha Financial Roporfing Standard appli¢able in the VK and Republ￿ of Ireland IFRS 1021 l&ffe¢'ve 1 January 20191, the Flnanck41 R8porWng Standard applicable in the UK and Republic of Ireland IFRS 1021 and th• Charfuos Act 2011. The finanrJal $talgrnents have P￿Pared to gwe a Irue and fairf ￿78￿ and hava dèpartad from the Charilles {Acetsunts and Reports} Regulatlons 2008 only to the extent required to provkle a 'true and fairf vlew. This departure has Involved followlng the Charities SORP IFRS 102} published in October 2019 rath?r Ihan the Accounting and Reportlng by Chèrftles.. StOtern•nt of Recommènded Practice 8ff8Ctive Itorn 1 April 2005 which ha5 snce been withtjrawn. Wsggeslons and Trinity Amshouses meets Ihe definition ol a public bgnE4fft Entity und8r FRS 102. Assels and liabilities are inrtially recognised at historical cost or transaction valv8 unle58 0thgrwis8 61ated in the relevant accounting pdicy. The CharSVs functional and presentabonal currency is British Pound st￿lIng th8 nearest pound (£1. Th• fdlovAng princlpal accountlng p)l￿e$ have been aw)Iled. 2.2 Charlty comblnJtlon and morger accounting The combnalion of Ihe operatin9 a¢tNities, assets, and lia￿li￿e5 of Wygg8Ston's Hospi181 Charity and The Trlnty Hospltal Charitles CIO took place on 31 March 2023. The Trustees have assessed and nduded that all the merger accounting criteria set out in the Charitie3 SORP IFDS 1021 have be?n satisfied and 8ccordin9ly mgrger a￿OUnting princAples have been applied to the prepargtion of thè rmancial gtat¢monts. As a r&sul opgning balanc8s and cnrnparat1￿$ ha¥• baèn restatgd, such that the ￿MbinatIon is arLcunted for as il the ￿0 Charit￿$ had alwa￿ been cornbined, irrespe¢bv8 of the legal (late of c￿nbInatIon. The 8s58ts and liabilthes ol both tha[￿'e$ have baèn combir*d at thèir botsk valuèg. ithout anyfair value adlustrnents be¢Ause of the merger. The impact of transiboning to mèrger ateounting on the results In the current and prevbus reportlng yoars arg disch)sed In note 30 to the finandal slatements. Pagè 30

WfGGESTONS AND TRINITY ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 cOu•￿Ing pollcl•8 {¢ontlnu•dl 2.3 Golng con¢ern The 2025 budoets and forecasts have been dravm up and 8rnendèd wth conder8tion of the extemal ¢conomic volatility of energy Costs other curr8nt infialtonary presSu￿S and their impaci on the Charivs overheads an(1 costs whilst ansuring the affordability Of our s8rvtC8s for our beneficiaries. The budgets and forecasts ar8 6upp)rted by a monthly reviewed ca$hllow analysis that 1$ man89gd by Ihe Trusttes and 8•nltsr 8tsff. The In¢om& belng derlved from the recent expansion of the 'Amshouses provlslon coupled wth excellent Occupan￿ rates and diver5ification of the Estate portfolio prowdes the Twstees ￿1th thè confidence of thtrfinanaal h&#Ah of the Chorfty. On ￿vfeW of these documents, the Truslees believe that the Charivs financial resour￿ and Ontingen￿ planning is sufficignt lo ensur8 Ihe ability of the Charity to eontiThJts as a going LY)ncam ftf 12 months Iiom Ihe point of signlng. whlch Is consldered to be the ￿asOnalty foreseeable future period, and that there aro no material uncertainti¢$ r¢9arding ev¢nts or conditions affecting this Condu￿0￿ in the p8riod, and th&refor8 the fnanoal staternents have been p￿pared on this basis. 2.4 I￿Orne Estste income indudes rents receNat48 on 811 of th8 Charitys prop8Tb8s, which ar8 managed under n agrèÈmènt whèrè rents 8fg wllactsd on bahall ¢1 tha Charfty by an Estate Manager. The properties are rented on an annual rolling basis. with the exceplion of the Molo lease which 15 on 8 99 ar lease. Eslate rents and weekly Maintenan￿ ch8rges are accountgd for on a re¢xivable basls or when the Charity has entitlernant to recognis8 the incorne. Residency ¢harges ¢ompri$e amovnls recgivable for Williarn House, Agnes House. Lancaster Fkjuse, TTinty Hospital and th8 Cottage& Income 15 recogni5ed on a ￿¢￿1vable$ basis or when the Char"ty has ents"tlement. Donatior ar* racognis8d on r8c¢ipt. Intoma from inv8Stmènts is included in thè Stalement of FinancAal Actlviknos onty if roCAiV0d, or dedared and recelvable. Gains or b)sses arising from the reYaluatK)n of investThnts are recognlsed in the Sfat8ment ol FinanrAal Activitie5. Where the donaled good Is a r￿ed asset, il Is rngasured at fair value. unless It is impractical to m8a¥ur8 thi5 reliabty, in case the eost of the item to the donor should be used. The galn Is r6cognised as income from donat￿n$ and a coffesponding amount is induded in the appropriate fixed asset da$5 and d?pre￿ated over tho u5¢fv1 ewnornic lif¢ In accordance wKh the Charfvs a¢coL￿ting policies. Olhor in¢ome 1$ ro¢ognls$d kn the ￿nc￿l In whkh It is recelvat46 and to the extent ihe goods have been provided or on e4)mpletion of the servKe. Pag8 31

WYGGesTONS AND TRINITY ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policlès (continu￿) 2.5 Expendlturo Expendlture Is rocognlsed once th6re Is a legal or consIn￿tiVe obIlgat￿l lo transfer economlc benefrt to 3 third party. it is prob2trd8 that a transfer of 8conomic b8mfits will be required in selljernent and th8 amount ol lh8 oblvJation can b8 measuréd rèliably. ExpanditUf61s elassifi6d by activlty. The costs of each activty are made up of the totsl of dI￿0t cosls and shared rosts, including support costs involved in undertaknng gach acbwty. Direct cosls attributable to a single activity are allocated dirady to that activty. Shar8d costs which tontribut to mor& than one activity and support costs which are not att￿bu￿ble to a single advty are appo￿Oned bewn those activlbes on a basis consistent wth the use of resources. Central stÈff costs are allocatèd on thè basls of ts.me spent. and depreuotion eharges allocated on the pOrt￿n of the assevs use. Expenditurt on rdiSing lunds include$ 81 expend￿￿re ineurred by the Charity to raise lundg for Its eharttable purposes and includes Costs of al fundraising activities events and non-charitable Irailing. ExFenditUTe on charitable actNities is inoJrred on dke¢Uy undertaking the actiwtw wfrlch further the Charivs oblectives, as well as any associated $UPFKJrt Costs. Grants payabl& ar8 charged in tt y&ar when the offar Is made axcept In those ca66$ where the offer is conditional, Such grants being recJJgni5ed as expendthjre when the condilkjns attaching arg fvffilled. Grants offérèd $ubjè¢t to conditions whlch hava not baèn mal al tha year and arè notad as a comnNtsnent. but not accrued as expendrture. I￿1 expendlture is ineluslve ol Srretoverable VAT. 2.6 G￿rnMent grnnts l>)vemment grants are recognised in the Statemenl of Finarrial Activi￿e8 ISOFAI when lh8 Charity has un¢gnditK)nal gntitlorn¢nt tg the lund¥. any performanC￿[elated conditions attached lo thè grdnts have been met, It is probab￿ that the income wll be re¢&ived, and the amount Can be measured Teliabty. Grants received ¢¢Jnditions that ycsfy Ihe retum of funds if ¢grtain ¢onditions arg not mel arg ro¢ognised as income onlywheTh Ihg ¢ondthJftS havè bèén substantially fulfillèd. 17 Taxatlon The Chartty Is c(Jnsldered to pass the tests set out In Paragraph I schedu￿ 6 of the Finance Act 2010 and therefore It meets the definibon of a ¢haritabl8 company for UK corporation tsx purposes. Accordingly, the Charity is pOten￿allY exempt from tsxaliorn in respect of inecme or capital 98lns received wthln categoroes ¢overed by Chapter 3 Part 11 of the Corporation Tax Ad 2010 or Se¢tSon 256 01 the TaXat￿n of Chargeable Gains Art 1992, to the ¢xtent lh* incorne or gains are appliBd èxclusively tD charitable purwses. P&Je 32

WYGGESTONS AND TRINITY ALMSHOUSES NOTES TO THE FINANCL4L STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢countlno pollclès 1contlnu￿l 2.8 Tanglble fSxed 888ets and deprec5atlon Tangble ffixed assets Co￿ng £5.(100 ￿ more are CaP￿allS8d and recJ)gnlsed when future el￿nOmIC benefits are probable and the cost or value of th8 asset rAn b8 m8asur8d rdk?bty. Some assets bèlowtha valuè of £5,000 may also ￿ ¢Aprtallsed atthe discfelon of management T￿gible fixed assets a￿ initially ro¢ognised at ¢ost. Aftor recognillon, und8r tt)a Cost modèl. tsngibl¢ fixed assèts are measure(l at cost ￿s$ accumulated ¢JepreclaUon and any accumulated impalment logses. All costs incurred to bring a tarvib￿ fixed a88el into tts Intendèd workbng condition are kn¢￿ded In thè measurement of cost Depre¢S0t￿n Is charged so 8$ lo allocatg thg w51 tsf tan￿bla fvxed as$ets lss their rosldual valug over thelr eslfimated useful lives. Depreciation is provided on the follown9 ba585.' Freehold propety Fixtures and rth.ngs 2% on a straight-lin8 basis 5% to 20% on a straighulno basis 2.9 Invg$tnnts Quoted knveslrnents are revalued and Includgd In Iho fln8nclal ststem$nt8 ai thelr market wa￿e at the balanca sh•$t dat•. h held on d?posit for In￿¥trnent purposes is split between fvxed assets and current assgts basgd up)n whether the Charity intend5 to ho￿ the inveslmBnt as part of Its owdng InveStn￿￿t activrfs for more than one year from the reportsng date. Investment properties are recognised at thew lair value. This value is based 9eneralty on periojic valuatiryis ￿rrI9d out by an indep9nd9nl valu8r who hold5 a recognised and r818vant profession81 qualfficallon and has racont 6xp8￿6rth in the location and class of the propety belng valu8(l. If e￿den￿ k8 identified of a material change lo the fair value5 in the Intsrven1r￿ years betrfftn formal ValUat￿￿S, approwiat8 revaluation adjustmènts wll be mailè to thè valuès followng consultation wilh the valuer. Gains or losses arfslng from the revaluatlon of investments are recognised in the Ststement ol Flnancial AcdvSUes. 2.10 Dobtors TrJg and oth•r dgbtors arè recognlsed at tha settlamgnt amount aftgr any Irade d￿Count offèrgd. PrePa￿ents are valued at the amount pTepaiJ net of any trade discounts due. 111 Cash at bank and In hand Cash at bank and in hand indudes cash and short-term highly liquid investrnents vrith a short maturity of threfr months or less from the date of acqU5￿tiOn oropening ol the deposll or similar account. Page 33

WYGGESTONS AND TRINITY ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2023 countlng poll¢l•6 Icontlnu•d) 2.12 Llabllllles and provlslons Llablitth are recognlsed when there bs an oblg8tioD at the b8tance sheet date as 8 result d a past event, it is probable that a transf8r of eojnomic benefit will be required in s8Wem8nt. and the amount of the settlement can be estlmated fellably. LLabilIt￿S ara r8cognisad at th& amount that thè Charlty anticipates rt will pay to selU8 thè dèbt or tha amount it has ro￿1Ved as advanced payments lor the goods or Se￿1¢8$ it must provide. Pro￿S￿)n$ are measurad at the bost astlmate of the amounts rgqulred to setue the obllgatlon. Wher the effect of the time value of rnoney is material. the Provision is based on the pre3ent value of those amounis, diswunled 8t Ihe pre4ax discount rate that reflect5 the fisks specific to the liability. Th* unwinding of the diswunt is recc4Jni8ed in the Ststement of Financsal Activities as a fnance cost 2.13 Finttncial instrum•nts Th8 Charity only has financial assets and finan￿31 liabilities of a kind that qualtfy as ba￿C ffinancial Instruments. Basic financial instruments a￿ ini￿allY rerx)gnised at transa¢th)n value and subsequ8ntty measured at their settlement Value with the exception of bank loan$ which are subs8quenYy mèa$urad al amorlis8(I cost using thg off8ctN8 Intarost malhod. 2.14 Qp•ratlno1o4$•$ Rentals pakl Under operallng leases a￿ chargèd to the Stslement of Fin8n¢wl Acfjvftles on straight-line basis over the lease tern. Z15 Operating18ase inEome Rentsl inwme due to Wyg9esion$ and Trinity Alrnshousgs, applicable lo operabng lease5, where s￿>stant131ty all of th8 benefits and risks of ownership rernain with thg Chaiity ar8 CTediteiJ to the Statement of Financial A¢￿vIlle$ over the lease term. Lease incentNes represent lease premium received in advance by the le88or. the aggrgg8te beneffit of which is recogrAsed over the life of the loasa. 2.16 P•nsion8 The Charity operates a defined cOntribut￿n ￿n5￿}n scheme and the pension thar98 r8presenis Ihe amounts payable by Ihe Charfty to the fund In respect of the year. The Charity operales a deflned benefits pension seheme and the penslon charge Is ba￿d on 8 full acluarial valuation daied 30 Sepiernber 2020. See note 27 to the finanual statements. P￿6 34

VIYGGESTONS AND TrINrrY ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢counting pollclm Icontlnu•dl 2.17 Fund a¢¢ounting Pemanent endowment funds are funds Ythere Ihe TNstees are required to hold cap"rta. mainty represented by inv8Stm8nts. and are not elltitbd to Spgnd thgm, In(xJrne arisiThJ from these lunds represents unrèstrict8d incoma. Th8 Chanty now has thè abillty to lènd monlès from the ￿rmanent endowment funds under the char￿9$ Act 2022 [￿0VIsIonS to other fvnds. See note 21 to the Ilnanclal statèmants. Désignatèd funds compri$e of General Funds. whi¢h have been set aslde at the dlscreil)n of the Trustees for specmc purposes. See note 21 to the finand81 statements. Restrkted fund5 arg ¥ubjg¢t to Speci￿ ￿ndIti9￿5 by (knK)r3 as to they may b8 used. The purposes and uses ol the ￿$t￿l¢led funds are sel out in the notes to Ihe financial stat?rn8nts. Jtg 21 lo th? financial staloments. Critical accounting estimats$ and areas of judgement The preparatKJr¢ of these financial statements requi￿ management and the Trustees to make swJnfficant judgèmènts, èstimates and assurnp16ons thal aftect th8 amount5 reported for assets ar￿ h'abiliti88 at the yeaTnd and the amounts reported as irtome and expenditure during Ihtr y•ar. How•v•f, the nature of oslomatk)n nans that the actual outcome ¢wld d￿fvr frcrfn those estthatss. The followiro judgements in apptying 8ccountfjng pollck8s had a SIgn￿cant effect the amounts reported in the financial st8tern*nts'. Classific•lion of MOTO lea¥• 0$ an op•ratlng t•as9 As reported in notes 19 and 20 of the finanaal stalements. the Charity has granted a laase tts MOTO Semces over part of its estste land for Ihe Jes$ee to devekjp and operale a molorway seryices area over a 99￿ar tem). Tha manag8mènt and Trust6￿ of thè Chaiity hav8 as88sÉed whelh8r th8 siwtficant risks and rewards of ownership have transferred under the lease. and have concl¢Jded the lease should be acctrJnt￿ for as an op8rating lease and rK)t 85 8 financ8 18ase. Maturè of fees r￿al¥abl0 und•r land promotlon a9ra•m•nls L8nd promotion arrangements are enter&Y knto wtth land promoters or devtslopers when a strategic opportuntty k8 Idenlfied to Promote parts of the Chaiill¥ existing agricumural tenancy estate lor residential or commercial d&velopment. Under such arrangements, the Charity ￿11 r8coivp an upfronl feg which. ir nd vthen 3 promotion is successfully conduded. is deducted from the eventual sales proceeds of the laThJ. In the event ol an unsuc￿SsfUl prornotion, tho up-front fge is not relund8blo lo the promoter8. and full legal trtle to the la￿￿ is retained by the Charity. Management has judged that Ihe Charity onty enters into suth arrang8rngnts if it is considerably more Ikkgly than not Ihat the￿ wll be a successlLJI oulwme. On this basis. the land involved wll eventually be sold as a c8Pit81 Ir8nsaetion. Aeetsrdingty, suth fees ara ac£ounted for as capital receipts and not as revenue re￿Ip1S. The followlng areas of estimation uncerlainty have a slgnlficant rfsk of causlng a matorfal adj￿tmènt to the carying amounts of assets and liabilitids in thè noxt finanrial year.. Pap 35

WYGGESTONS AND TRINITY ALMSHOUSES NOTES TO THE FINANCIAL STATEPIIENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Crltieal ateountin9 •ltlmates and ar•a• of Judo8mènt leontlnu•dl V•lu8llon of Inv08tm¢nt pro￿rty The vdue of Investment property ￿ based on a fo￿al valuadon provlded by an inde￿ndent expert, Andrew Granger & Company, and 15 carried out on a 5-Ipaty cycle. The expert hotds a re¢ognised and r8tevant qualffication 8nd has a suitablè level of trxperionGe with tho classès of prop6rties owned by th8 Charity. The key assumptyons used in the valuation ar8 set cAJt in not8 16 of the financAal ststem•nts. If •vhl•nc8 •m8rg•s of a material chang• in th8 valu• ol inv•stment propoty in tho intorvgniThJ ￿ar$ be￿een periodic lorrnal v31u8tions by the indgperyjent expert, 1he Tru8te98 will either consult ihe expèrt informally or engagè thè èxpért to providè an updated formal valuation as appropriata, to dètern￿• the appropriate carrying value ol the investment propety until the next lull valuation. Ineom• r•eoynltlon und•r th• MOTO l••s• Ine•ntlv• The L8a58 a9r8em8nt with MOTO Servic88 Ir￿lud8d the receipt of a eash incantiva from th818S588 at the commencement of Ihe lease. The sum receNable, net of dlrectly attrlbutsble costs, under this ncenlive is tse￿9 rgcognised as income ovgr the lease lerm of 99 ypars. Managemgnt and th¢ Trustees have 8stimated, gw8n Ihe con5id8r3bl8 18ngth of 18a5e t8rm, that the 105sorfs ￿nefit from th8 18ase is concentratgd in the •artier years of the ￿a$a rather than evenlythroughout the lease term. The age profilo of release of the remaining18asg incentive to inryjme is sho￿￿ in rK)t8 20 of th8 financial Statements. In￿m¥ from donatlon$ Unrnsiriet•d R•stritt•d funds funds 2023 2023 Total fund5 2023 4.384 gjo 4.884 As restatad As ￿$tste￿ As resl8led Unrestricled Restrietod Total fvnds funds funds 2022 2022 2022 Donations 8.613 3,335 11,948 36

IHYGGESTONS AND TRINtrY ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OE¢EMBER 2023 Incorne from charitable acliviti Unr•$trf¢l•d R•$trlct•d fund¥ fund$ 2023 2023 Tolal fundB 2023 R•sid8ncy charg8s Caterlng Laundry Sundry 1.982.892 18,178 1,573 8,629 1,982.892 18.178 354 8.983 Totsl 2023 2.011.272 2,011.626 As raslalad As rèstalod A$ 1g$tst¢d Unrestricted Restricted Total fund$ lund$ lunds 2022 2022 2022 Rgsidency charg•s Cat¢ri Laundry Sundry 1.831,176 16,491 1,449 14,166 1.831.176 16,491 1.449 14,248 Total 2022 as restated 1.863,282 82 1.883.364 In￿SIment Incomo Unrestrlcted fvnds 2023 Total fund 2023 Rents receivable Olher eststg income Dfvldends from Inveslments lnttrr￿t recoivablè 825,115 4e,670 359,670 18,076 823,115 48,670 359,67Q 18,076 Total 2023 1.251,531 1.251.531 Page 37

WYGGESTONS AND TRINITY ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Inv•$tm•nt incom• Icontinuedl As restèted As reststed Unrestricted Total funds lunds 2022 2022 Rants rt¢efvabk8 Other estate In￿me Dividen(Js from investments Intsrst r￿l¥a￿l• 813.926 48,039 346,676 1.728 813.926 48,039 346.676 1.728 Total 2022 a5 restated 1.210.369 1.210,369 Othr In￿MIng rèsources Unratrtéd funds 2023 Totol funds 2023 Other income 38,559 38.559 As restèted As restated As reststed Unr•stricted Endowment Total funds funds funds 2022 2022 2022 Covid-19 Local Authority grants Promotion fee other grants 73.203 73,203 30.O¢JJ 5,346 Total 2022 as reststod 78.549 30.000 108,549 Page 38

WIGGESTONS AND TRINITY ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Exp•ndltur• On rahlng funds Estale expendlture Unrestrlcted funds 2023 Tot funds 2023 Re￿lIS Agent's wmmi¥sion Legal and professional fees Ir￿uran 28.602 85,400 123.583 30.623 3,390 1.306 28.602 85.400 123.583 30,623 3,390 1,306 Rates E$tste Costs T¢Ao12023 272,904 271904 As restated As restated Unrgslricted Tolal bjnds lunds 2022 2022 Repalrs Agent's ¢ommiss6on Legal 8rKI profvssional fegs Insuranc• Rates Estatè costs sub$L￿PtIOns 15,163 129,555 36.372 25.893 2,829 15,163 129,555 36,372 25,893 2,829 1,298 1.309 1,309 Totsl 2022 as ￿$tste￿ 212,419 212,419 Pago 39

IKIGGESTONS AND TRINITY ALMSHOUSES NOTES TO THE FINANCML STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analy818 Ot gran18 Grants to Institutlons 2023 Total funds 2023 Grants for th• R•li•f ol N••dy Poor Grants. WyJgeslon SclK)d Found8llon 25.wo 5.CK)O 25.01)O Total 2023 30.￿0 30,000 Grants to Instituts'ons 2022 Tota] funds 2022 Grants for the Relief of Needy Po( Grants, Wyjgeston School Foundauon 25,000 5,000 25,000 5,000 Total 2022 30.1)00 30,IXKS The Charity has made th6 follL3wlng matèthal grants to InS￿lUb0ns during thè ￿ar.. 2023 2022 Name of injtitution Wyggeslon School Foundation L&Kester Charity knnk S,OlXI 25.01 5,000 25,000 30,000 30,000 Page 40

WYGGESTOMS AND TRINrrY ALMSHOUSES NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2023 10. Ana￿1$ of •xpenditur• by activities A¢tlvltlgs undgrtak9n dlrtrctly 2023 Grant fundlng of a6tlvlll•s 2023 Support costs 2023 Total funds 2023 Hospital Relief of Needy Poor Wyggeston School Foundatron 2,406,820 1.115.611 3,522,431 25,OlXI 25.000 5,000 Ti)tal 2023 2,406.820 30,￿)0 1,115,611 3.552,431 AS reststed A¢tivrtié$ undertaken dIre￿Y 2022 GrAnt As restat•d As rttstated lundlng ol Support Total activities costs funds 2022 2022 2022 Hospital Roliel ol Nwly Poor Wygg8StiJn School Foundat 2,030.347 570.676 2,601,023 25,(x)O 25.000 Totsl 2022 2,030.347 30.CQO 570.676 2.631,023 Pag6 41

WYGGES70NS AND TRINITY ALMSHOUSES NOTES TO THE FINANCIAL sTATEmE￿s FOR THE YEAR ENDED 31 DECEhlBER 2023 11K AnakyJi$ of ￿P*￿dI¢Ur0 by activitie¥ Icontinuedl Analysls of dlr•ct costs As restated Total fvnds 2022 Total funds 2023 Staff costs 1,262.982 5,186 252,713 $87,947 25,076 86.923 10,025 5,962 18,163 9,489 20,378 91,760 30,216 1,208,250 29,237 260,611 217,221 74.140 69.828 12.159 Olher 8tsff co8t8 Repairs, replacements and mainlenancg Heating, electriw and cleaning Flales and insuranc8 Fo(¥J and drink Telephone PrinliThJ. postag8 and stationgry Resldents. èntertainmènt Trdv¢lling expenses Subscriptions Sundry expenses Legal and professSonal fees 14,161 6.741 14.948 110.217 6,291 1406.820 2.030,347 Page 42

TNYGGESTONS AND TRINfTY ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 10. AntyJi tsf expendiiure by aetl¥ltre$ leontinuedl Analy81¥ of ¥upport costs As restated Totsl funds 2022 Totsl funds 2023 Siaff costs 223.241 383.928 14N09 62.793 2.567 59.711 3.296 6.241 12,422 1,696 11.722 91,684 56.218 46.190 130.086 9A07 209,186 310,362 12.975 1253,3261 39.1 $2 42,035 1.101 8.880 14,331 251 10.410 59,133 24,056 33,140 $1,912 7.076 Deprecia￿On Other staff costs Repalrs, roplacements and ma1ntenar￿e H•atlng. electrScty and deanlng Rat&s and Insuran¢9 Foc¥J and drink T0￿phOne Prlnting, posiage •nd 8tstiongry Travelling expenses Subs¢riptsons Sundry expenses Legal and professional fees Audlt aThJ a¢counton¢yfees Loan interest Govern8nce Lxbsts 1.115,611 570.676 11. AKllt•rs' r•mun•Yatlon As rèstatèd 2022 2023 Fees payBble to the Charftys 8udltorforthe audlt ofthe Charitys annu81 accounts 35.500 21,500 Fees payable to the Charitys accountsnts forthe Independent examinath of th8 Chariws annual accounts Accounts preparation and other service fees 8,040 10.690 Page 43

WIGGESTONS AND TRINITY ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2023 12. Staff ¢¢￿ts As restated 2022 2023 Wages 8nd salarbs ial s8CUrity cost5 Contribulw)n to d¢kneil Contributign pgnsion sthgmgs 1.331192 101,220 52,811 1.270,166 99.129 48,141 1.486223 1.417,436 The average number of pe¥sons employed bylhe Charity during thè wr was as follows: As restat8d 2022 No. 2023 No. Full lime employees PaTt timè ernplo￿a$ 56 53 65 62 The number of employees whose empk)yee t¢nefjts lexduding emploser pension costs) exceeded £fjO.000 was.. As restated 2022 2023 No. In the band £60.001- £70,000 In the band £70.001- £80.000 The Key Management Personnel of the Charity are the CEO and Care Manager. Thoir aggregate remuneration including employers Nl and em￿05*￿$ penslon contributions totalled £1￿,556 12022.. £139,908) lor the year. Pagè 44

WYGGESTONS AND TRINifi ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 13. T￿¥10•8, r•mun•rJtion ANI •Xp•n￿$ During the year. ona or more Trusteas has baen paid ramuneration or has T￿lved other ber￿lts from an omplo￿lent wrth the Charity. The value ofTrustees' romuneratson and other benefiis were as follows: As ￿$tated 2022 2023 Rev'd A R Leighton Remuneration 30,048 3,005 2.087 28.898 2,890 2,883 Pension contdbuUon8 pabd Od)er benefits During the year ended 31 December 2023. expens•s totalling £254 warè rèimbursed or paid diredly to 2 Tnjstees 12022: £1,217 10 2 TDJsteesl relating to travelling. and It&ms purchased for th6 Charfty and Trustee events. 14. Tanylbl• flM•d a￿•t* Frnehold Fixtur•s and property fittln98 Total Cost At 1 January 2023 Addllons 11271,289 226,44B 3.223,147 15.494,436 82.343 308.791 At 31 December 2023 11497.737 3.305.490 15,803.227 Dopreclatlon Al 1 January 2023 Charge for the ypar 1.756,623 175.790 2A80.398 208.138 4,237.021 383,918 AI 31 D￿eMb￿r 2023 1.932A13 1688.536 4,620.949 Net book value At 31 Docombèr 2023 10.S65,324 616,954 11.182,278 Al 31 Dg¢•mb¢r 2022 la$ rgstalgdl 10,514,666 742,749 11.257,415 Page 45

WYGGESTONS AND TRINITY ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15. a$wt invutrnents Li•ted Inv•stmènts vauation At 1 January 2023 AdditK)ns 11.454.813 4.085.481 13,767,390) 439,761 1363,2281 Disposals Net gain on investments Movements in cash held with brokers At 31 De￿mber 2023 11,849,437 N•t book valu• Al 31 Docember 2023 11.849,437 At 31 Dwmber 2022 {as restated) 11,454,813 P￿e 46

WYGGESTONS AND TRINITY ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 18. Inv•$tmgnt propgrty Estate Land and Bulldlng¥ Valuatlon Al 1 January 2023 A(IdlikJns Disp05als 40.150.IKIO 52,178 118.IXIOI At 31 December 2023 a10,184,178 Th8 estate land and bulldlngs for Wyjgeston's Hosp6ts1 Charlty were revalued at 31 December 2022, the valuation was mad8 by the 8Xt8rnal valu8r5 Andr•w Grangar & Co Ltd, RICS bas8d on an open market Value for exlstlng use basls. The va￿atk)n Kxlmarfly usès market rent81 values eapitalL%ed ot market capltsllsation rates rangin9 from 1.5% to 2.5°A, and Is ¢orToborated by evldence where available of observable market data ol recent sales of similar ¢3tste3. Investment property from th¢ rneryr wilh The Trin•ty Hospital Ch4rili03 CIO indudes: Casue Gardens - This is Charter land that was origiThalty granted by the Founder ol the Chanty. Henry Plantaggnel 3rd of Lancaster and Lei￿s￿r, in 1331 and it forrned part of lh8 original Atmshou$e$ srte. As a result ot this historie tound8tion the original cost not known. The land is (￿nSidered to be inalienable and conseouently has not been valued for the purposes ol thes9 a¢￿UnIs La￿1 at Endetbywas glfted io th6 Charfty In 168￿0 by the then Mayor of Lelcesler, John Bent to provhle an income of£24 per annum for the Amshouses. The land was last revalued in 2017 at £150.000. Trustees consider this value to sthll be represenlth.ve of the lair value of the land as at 31 December 2023. No fvrther adjuSts￿ent has therefore been made in the wrrent yg8r. l inveslmenl propeths are located in the United Kingdom. 17. As restated 2022 2023 Trade deblors Olhgr debtor8 Prepayments and accrued Income 38.038 109.213 4,849 43,736 70.061 111.548 157,798 Paga 47

VflGGESTONS TRINifY ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 18. Currènt assèt In￿stmants 2023 2022 Cash on deposil 1139.316 19. cr￿ltOr$. Amounts laifing due within on• y•ar As restated 2022 2023 0th6r loans Trade cr8ditor5 otheT taxation and S0¢181$e￿rity MOTO18as8 premium Other creditors Accruals Deferred income 2.200,000 136,110 45,396 47,418 29,164 380,607 131,352 2,200.000 60,547 56,447 47,912 21,435 286,809 132.493 2,970.047 2,805,643 The deferred In￿me relates to estate Ineome Invoked In the year whlch wlll be recognised In the financial ypar. In Marth 2019 the Charlty entered into a 99 year lease with MOTO to devebp 18nd owned by the Charity a$ a Molorway Ser¥i¢g Area. The Igasg pr&miurn of £2.5rn. less direcuy oilributable costs of £55k, is being re￿aSed to the SOFA ovei the dutalv)n tsf the lease. The property opened ¢Jn 30 April 2021 and the leè5e premium is therefore being reca)9nised frorn that dale. othor loans rep￿S$￿ts a h)an providod by Schroder & Co Llmltod for tho purpose of part- finandng tho CherrOeas construction proje¢t. The loan bears an interest rate of 1.5°/ts above bank b83e rate and is SgCLxad by way of Chargè against thè listèd invastmanis hold undar the managèmont of Caz8novè Capital Management. The loan agreement contains a 'repayable on demand" clause and accordingly Ihe loan is prosenled 88 8 short t$mi ￿8￿lIty. However. the substance of the loan, as documented In the l)an agreement. Is that It Is provlded for a term of 5 years from the date ol initial drawdown. The drawdown on the loan e4Jmmenced in May 2021 and therefore repayment in full Is due In May 2026. 20. Creditors: knounts fallin9 the after more thon one year 2023 2022 MOTO lease premium 1252,364 2,299.782 Page 48

WYGGESTONS AND TRINrrY ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 20. Cr•dltor8: Amounts falllng du• ift¢r moro than on• y•arleontlnu•dl 2023 2022 Incom• WMI b• r•l•as•d as follo￿. withkn one year One to hvo pars Tvio to ffive years re than five years 47.418 46,924 137,809 2.067.631 47.912 47,418 139.291 2,113.073 2,299.782 2,34T,694 Pag• 49

WYGGESTONS AND TRINrrY ALMSHOUSES NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDED 31 DECEMBER 2023 21. Statom•nt of lunds stst•m•nt of funds- curr•nt y•ar Balance al 31 Gainsl D9￿Mber 2023 Balanc• at 1 January 2023 Transfer5 In¢omg Expgndlturè Inlloutl Unrestrkted funds O•slgnat•d fund¥ Extraordlnary Repair Fund Cy¢llcal Maintenan Fund 339,633 {29.9411 279,632 T05,631 65,000 118I914} 152,651 674368 65,000 nsk)n Fund 1.110264 1212.8551 122.591 1,020,000 Ggneral fund$ General Funds 4.553,072 3.30&746 13.S7T,5161 127,409 2,708 4A11A1• Total Unra¥tri¢tsd fibnds 5.663.338 3JOS,746 13,790.3711 250,000 5A31A19 Endowm•nt funds Ptm)an8nt Endowment Fund- Wyggestons Almshouses Permanent En(kn%*Tn?nl Fund- Trinty Ajmshouses $2,841,915 1740091 1250,(KIOI S3B,546 S3,05I4S2 2.371,898 131,3561 50.079 2,390,621 55,213,813 1105.3fj51 1250,0ty)1 588,fj25 55.447,073 Page SO

WYGGESTONS ANO TRINITY ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 21. Statement of funds Iconllnu•d) Balance al 31 Galnsl December 1108sesl 2023 Balaneè at 1 Jartuary 2023 Transfers Inllout) Income Expondliure Restrict lunds Legacies- Social Activitles- Wyggeslons mshousès 6,475 354 6,829 Logaclès- Soclal ActfvStles- Trinity thshou Founders Day- Wyggesions Aknshouses 6.200 soo 1500} 12,675 854 1500) 13,029 Total of funds 60.889.824 3,306,600 13.896.236) 591.333 60.891,521 Page $1

WYGGESTONS AND TRINITY ALhlSHOUSES NOTES TO THe FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 21. Statement of funds Icontinuedl DesignAted Funds rep￿Sent. il Extraordinary Repalr Fund lor any unexpected, high-value repairs Ihat may be required to th• Chariw buildings or facilities, as required by Clauso 26 of thg charity Schem8. R8paiTS funded durlng 2023.. £29.94112022.. £38.0551. ill Cyc4ical Maintenartt Fund for planned. high-value maintenanee works, Includlng refurbishment of flatslr(this. Works fi￿d￿d d￿Ing 2023.. £182,91412022.' £139,226). iiil The Pension Funil was Created lo ropresgnt the roal 4nd polentkl liabilkles whkh may be Sncurred by thè mémbershlp of employees ol Wyggeslon's Hospital The Pensions TTUSt Growth Plan scherne. Thls valu8 remains the S￿￿e n 2023 in line wth continuing advico re¢sivd. Endty•Kn8nl funds repres6nb." il Wyggg8tons Almshouses The permanent capital of the Charily whlch Is inve$led In the li$1 investment portfolio and estate properties. It wll also indud8 any asset disp0581 proceeds temporarily h8ld as arml awaiting ieinveslrnent into othar investmont assets. Income generated from the Inv6stm8nts Is avalabl8 Charitable activities, purposes, but the endowment cafftt is not available for spendlng. 111 Trfnlty AJmshouses- The tem)s of thls fund are r￿¢ ¢urren11y known by Ihe Twu8teo& Thè trèalmenl of this ftJtKI fdlows histOTiC practice. but th& Trustaes w151 wsearch this and this lead to fvture r8tstamants. The Charity r￿￿ ha5 the abllityto lend monies from the permanent endowment fvnds under the Charitie8 Act 2022 PID￿s10￿S to other lunds. During th9 year the Charity comrnenced borr￿ng from the Wyggestons Nm$houses permanent end0￿Ynen1 fund to fund the Wiliam Hov88 r8furbishment costs and lo swilch the histL¥iC funding of certain investrnent prop8rties from unrestricted funds to the permanent endobvment funds. A transfer has been made of £250,000 during Ihe y8ar frorn p8rmanent 8ndDWTlterit lunds to unreStr￿ted funds. This represents a WrreC￿On of an accounting error in a prH)r year whgn permanent endowmgnt cash funds Ibul Sncorreclty Ident5fied at the lime as unrg5trided ¢ash funds) wer8 transfe￿•d to th8 list8d inveslment portfdio.. Restrictsd fijnds represents.. 11 LegaC￿S - Wyggestons Alm6houses - le98cies arg recewed by th8 Charity and are rgstricted for the slaff and residenl and resident activitie5. Funds allocated during 2023.. £Nil12022.. £2,015). li} Legacios- Trinity Mmshouses- legacie$ arg received by the Charity and ar8 restricted for the staff and resident and resxlenl adivits&s. Funds allocated durlng 2023.. £Nil12022.' £3001. ill Founders Day- Wygpestons ￿M$hOU￿ - A donation madè by the Duehy of LBneastsr to be us ioward5 Ihe costs of Foundèrs Day. Pagè 52

WYGGESTONS AND TRINITY ALPASHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3q DECEMBER 2023 21. Ststemenl of fvnds Icontlnuedl stst•rnent of funds- prior year As restated B8lance at 31 DgCgmb8r 2022 A5 rgstrtgd Balance at 1 January As reslaied A8 r8Staled 2022 Incorn8 Exp8nditur8 As r•statod As restated Transfers Gainsl iNllout Ibssesl Unrestrlcted funds D•s6onatsd funds Extraordlnary Repair Fund Cyclical Maintena￿9 Fund 439,314 138,0551 161.626) 339.633 723,73S 65,000 1139,2261 121,122 705,631 65,1)00 Pènsion Fund 1.228.049 1177,2811 59,496 1,110,264 General fund5 General Funds 4.143,888 3.160,e13 12,625.5791 159,4961 166.5541 4.553.072 Tolal Unrestrictod funds 5.371.937 3.160.813 12.802.860) 166.5541 5,663,338 Endowrngnt fund5 Pemiamnt E￿Owment Fund- Wyggestons Aknshouses 46.969.183 173,2561 5,945.988 52,841,915 Permanenl Endovmient Fund- Trinty AlmstrKsuses 2.499,426 30.000 {37.3461 1120.1821 2,371.898 49,468.609 30,000 1110,6021 5,825.806 55,213,813 Page 53

WYGGESTONS AND TRINITY ALhlSHOUSES NOTES TO THE FINANCIAL STATEkQENTS FOR THE YEAR ENDED 31 DECEMBER 2023 21. Statement of fund$ l¢ontlnu•dl As r8Stated Balance at 31 Dermbèr 2022 A8 rèslatd Balance at 1 January As restated As rÈstatèd 2022 Incom• Exp•nditur• As restated As reststed Transf8rg Gainsl Ilossesl RostrIc￿d funda Legacies- Social Activities- Wyggestons Almshouses Legacies- Social Acbvities- 5,573 2,917 {2,0151 6,475 Trfnity Almshouse Fou￿lerS Day- Wygge5tons thshouses 6,500 13(X)} 6,200 500 15COI 12,073 3.417 {2.8151 12,675 Total of funds 54.852.619 3.194,230 12,916,277) 5,759,252 60,889,824 Pag8 54

WYGGESTONS AND TrINTff ALMSHOUSES NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDED 31 DECEMBER 2023 22. Anatysi of nèt asOts bètwèèn funds Anatysis ol Mt •ss•ts b8tw••n funds- curr•nt y•ar Urweslricted Rtstricted Endowment fund5 funds funds 2023 2023 2023 Totsl funds 2023 Tangib19 fv(ed assets Fixed assel i)vestments Investment property ¢wTent as58ts Credttors duè within onè ￿ar Credltors due In rnore than one ￿4¥ 9.550.707 221.799 1.631.571 11,182.278 11,627.838 11,849N37 40.184.178 40.184,178 2,003.686 2.898,039 12,970,0471 12,252.3641 881.324 12,970,047) 12.252.364) 13.029 Total 2023 5,431,419 13.029 55,447.073 60,891,521 Analy#i8 crf not 18sets btrlwoen fvnd$- prior y•ar As reststed A5 restated As restated A5 reststed Unrestricted Rèstrictèd Endawment Total funds funds funds funds 2022 2022 2022 2022 Tangible fixed assets Fix811 asset invsslmenls 9,600,556 321,454 2.729,113 11,882,362) 12,805,643) 12,299,782) 1,656,859 11.257.415 11,133,359 11,454.813 37,420,887 40,150,000 5,002,708 3.133.021 12.805.643) 12.299.782) Invesbnent proFety c￿￿8nt assets CTrdit¢Jrs thje wfthln one year CT8ditor5 due In ￿re than one year 12,675 Total 2022 (as rosta1￿) 5,663.336 12.675 55,213.813 60,889,824 Page 55

WYGGESTONS AND TRINITY ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 23. R•con¢liation of nèt mov•rn•nt in lund$ to net cash flow from oporntlng •etivEIi•s As restated 2022 2023 Nel income for the year las per Statement of Financial Actiwliesl 1.697 6,037,205 Adluslm•nts for: Depreeiation tharges N&1 gains on inv$lmnt assgts Divklends, interests and rènts from invèstments Decrease in debtors I￿rease in creditors Interest on loan R•l•as• of18as• pr•mium 383,928 310.382 1567.9011 15.759.252) 11,251.5311 11,210,3691 46,250 54.472 172,134 72,008 130,086 51,912 148,2121 148.406) N•t cash us•d In op•ratlng actlvhl•s 11,133,629) 1492,0681 2& Analysls of cash and Cash •qulvalonts As restatèd 2022 2023 Cash In hand 947.175 2,975,223 Tolal ￿6h and ¢aBh •qulvalonts 947.175 2.97S.223 P•Je 56

WYGGESTONS AND TRINITY ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 2& Anaty8i8 of chang•s in not dobt At31 December 2023 January 2023 Cash flow5 Cash at bank hand 2.975223 11028.0481 12.200,0001 947.175 12,200.ty)01 1.839.316 Debt due swthin 1 ygaT Cwrent assel invesbnents 1,839,316 775,223 1188,7321 586,491 Net debt is calculated as borrowings less cash and cash eqvivalents 8nd current asset inveslrnents. Athough the Charities SORP IFRS 1021 does not inelude euTrent asset investments In its deffinrh.on of nèt debt, Ihe cash hel¢J on deposit is liquid aThJ Convertib￿ lo cash over the short- to medium-temi. so is cluded in th8 net debt ealculation to proMd8 a fairer repr85entathon of lh8 Charity5 liquidity pos￿0￿ 26. Capltal commitmenls 2023 2022 Contract•d lor but not provldgd In Ih•s• financlal slatsm￿lS Acqtjlslllon of tsnglble fixed assets 640.573 27. P•nslon ¢ommltsnents W￿gestOn5 and Trinity Ajmshouses p8rtlclpates in The Penslon Trust Growih Plan penslon sehemellhe Plan'l. The Plan comprises four parts- series 1 to 3 comprfse defined benefjt arrangements under which further accrua15 to employee5. benefits ceased in October 2008. which wa5 ftrllowed by 5erie5 4, a defined conlribuuon atrangement. and thls contlnues lor Bll current employees. The Plan is a m¢Atl4mplos*r pensK)n plan ar￿ accordingly accounts for th8 Plan as a defined contribution plan. The scheme is ¢lassified a8 a'last-man standing arrang&menV. Th8relor8, th8 Charity is potenlially liat)le other p8rti(xp8tlng employ8rs' obligalitins If those 8mploy8r5 are unable to mèet thair shar8 of Ihe sch8m8 dèficit lollowng v4ithdrawal from th• $ch•m•. Partic4pating ompl0￿r$ are18gally roquir•d to m8ot their share of the scheme deficit on an annuity purchase basis on wthdrawal from the scheme. A full acluarial ValUat￿n lor the scheme was carrted out at 30 September 2020. This ¥alJaUon showed 25sets of £800.3m. liabilities of £831.9m and a dèficit of £31.6m. Wyggeslons and Trinily Am$house$ paid o)nlrfrbulions totsllin9 £53.709 12022.. £49,825) during the accoUn￿n9 y88r. Thes8 contributions are a cornbinatiDn of the amou￿t5 due under the defined contribution arrangements and the payments due under the recovery plan agreed for Ihe defined benefil liabililies, as referred to betow. Thg Plan Twstee h&8 indic8tgd that additK)nal annual r8covery plan contribtJtK)ns of £2.047 12022.. £2.0471 will be r8quir8d by the Charity for each of the 3 Yea￿ frrjm 1 Awl 2022. Pag8 $7

WYGGESTONS AND TRINITY ALMSHOVSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 21123 27. P¥nslon ¢omml¢mgnts Icontlnuedl Where Ihe scheme is In defi¢il and wh&re th6 Charity has agreed to a deficit lunding arran￿ment the Charity fftc4)gnises a liability lor this obligation. The amount recognised is Ihe net pr¢seTht value of the deficit redudion contribubons P8Ydble under the agreement that relates lo the delicit. Thè present value Is Cokulated using an appropiiate discount rate of 5.31%12022.' 4.￿%}. The unwinding of the discxjtjnt rate is re¢ognised a$ a fin8n¢8 cosL 2023 2022 Provision at 1 January Unwinding of the discount f￿t Defjot contributions paid RevmeasuTements- impact of any thanges in a58unytions RewMeasu￿rnents- amendments (o the contribution schedule 1.919 71 3,603 29 19671 {2> 11,6421 171) Provi$lon at 31 De￿rnber 1.021 1.919 Glv6n the clreumstsnces outlin&d abovtr, the Trustees hav6 commissloned pension consultants to ass￿$ the eslimated cost of debt on wthdrawal from the Plan. The con5ultanls have estimated the w31. including ass9¢iated profes$igng1 fee5, IL) bg in the regign of £65.000. As Ihis cour58 of a¢tion is being eonsidered by the Trustees, this sum has been set aside as a Designated Fun(J within Urwestricied Funds (see note 211. 28. Operatlng 1988? ¢ommltmgnts- •m•)unts poyablt Al 31 December 2023 th& Charity had commltments io make future minimum lea6e pa￿ents under no ancellable op8rating18as85 a5 foll¢)ws' 2023 2022 Not bter Ihan 1 ￿8T Later than 1 year and not later than 5 years 2.399 5,620 2.399 8,019 8,019 10.418 Pag8 58

WYGGESTONS AND TRINITY ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Operating l•a• eommitm•nts • •mounts rec•wb In M8r¢h 2019 the Charty eniered into a 99 year lea6e wtth MOTO to develop land owned by the Charity as a Motorway S8rvic& Area. At 31 De￿mber 2023 the Charity had future minimum lease le￿Ipts re￿1vable undw oper8tino I&AS& r8emgnls as folbws.. As r•slatsd 2022 2023 Not laterthan 1 year Later than 1 year and not later than 5 yews Later than 5 years 169,566 169,566 678,264 678,264 14471898 15,642,484 16,320,728 16.4￿,294 Relat•d party transa¢tlons Wyggoslon SchLX)l FO￿d8110n 18 8 re181ed party by virtug of Trust￿$,. J K McL8u¢N8n. O J Saunders and th$ Rèv A R Leighton, in common. During tha ￿ar a grant of£5,00012022.. £5,000) w85 8w8rded by Ih& Charity to Wsggeston School Foundath"on. £Nil was outstanding at the year end12022.' £Nill. Page 59

WYGGESTONS AND TRINrrY ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 3￿ Merger arxountin9 On 31 March 2023 Wyggeston's Hospital Charity and The TriThty Hospital Charitiès CIO merged to b¥omg w￿geS1OnS and TrinityAmshou5es. The o)mblnation of the hyo ¢harftSes has been ac¢r)unted for under the mer98r ac£ounting pri￿1p1@S of the Charities SORP IFRS 102} as set out in not8 2 of the finaneial 5tat8ments. B8hyw is the anal￿'S of the pre and post-merger Ststement of Financial A¢tlvitles posltlws tor the current r and prior y9ar. and th8 resulting net a5S8ts al the date of lh8 m8rg8r. alys19 of prln¢lpal Statement of Flnanclal Actlvltles components forthe current reportlng year 31 December 2023 Wygqeston¥ Th• Trinity Wyggpstofts Hosp￿1 Hospltal and Tdnlty Charty Charities CIO Akn$house* (pre￿O￿ar) {pre4nBfger) Ipost4nBrggrl Combined totsl Total I￿orne Total expendlture 781.771 1979,7391 52.295 149,6841 2,472.534 3.306,600 12,868.8131 13,896.2361 N•t Iln¢omg11gxpendltur• Other gainslllossesl 1197,968} 53,699 2.611 17,1801 1349,2791 544.814 1589,636) 591.333 Net movemont In fund8 1144.269 14.5691 150.535 1,697 Page 60

IMIGGESTONS AND TRINITY ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2023 Mgrggr 4¢counting (conlknu8dl Analysls of prlnelpal Stst•m•nt of FIn￿¢[al ActSvltles components for th• prnvlou¥ reportlng year 31 D•cember 2022 The Trinty Wyggeston¥ Hospital Hospltal Charlths Combln•d Charlty t¢)tal Totsl income Tolal expenditure 2,952,095 242,135 3.194.230 I2.647.11￿> 1269.1711 12.916.27n N•t In¢oMel{expendltu￿} Oth&r galnslllossesl 304,989 5,945,988 {27.0361 277,953 1186,7361 5.7S9.2S2 N•t movèment In funds Total funds brought fornvard 6.250,977 1213,7721 6,037.205 51,947,132 2,905,487 54,852.619 Total funds earri#d forward 58,198,109 2,691,715 60,889,824 Analy816 of n•t 888•ts at th• dat• of morg•r 31 March 2023 The Trinity Wygg•s¢ons Hospltal Hospital Charitie8 ¢harlty cio Total funth Net assets 58,019,938 2,479.518 60,499.456 R•presÈntsd by: Unrestricted fundy RestTlcte(J income funds Endowmenl fLmd 5,180,434 3(%,904 5,487.338 8.281 6.700 14.981 52,831,223 2,365.914 55,197.137 Totsl fund¥ 58.019.936 2,679,518 60.699A56 VarioLJS meryer adjustments have tjeen made to augn the accounting policies of Ihe th Charities. None of adjustments are slgrdficant to the financial slatements Page 81