W KlI4f> Mb'MOklAL IIOME.S IIYANCIAI. SI'A?'LMlI Nl's yAR NDr4 D 31 oc'foBLR 2Q23
*, W KING Mb'MOIIIAI. 14()MLS YLAR F,NDTr'.D.11 OCTOIILI 112011 L I)N'I'EN'I'5 Pa&p&¥ iusl¢e¥' Aniiual Ileporl 2&3 liid¢peiiile)11 Lxaii)iiier'b Repi)ri ljibojiig uiid Y.,xp¢iiditure Accoilnt tSalaiic¢ Slie¢l Noi¢s iu lh¢ l-'inaJicial %iat¥ni¢iitb 11 to I
W KINC MEMOIIIAL IIC)MES CIIAllI'fY INI4OIIMAI'ION YII All LNDED 31 C)C'I'OIILI 112023 Mrs [-' Ruikiii l) Miller l_ 11 l)ay Mr% A A L'viiiell (:I.EIIK 'I'O'I'iif, 'I'llUSTEI,: l. 11 Ddy 11 (:1S'I'b IIED CIIAIIITY NUMIILR 219fjX2 pItINC'.IVAL AI)DIII,SS ' W Kiiig LiE]Jiied Monks faiiii Coggetsliall Iluad Kelv¥do C ()5 YPti INDII l)kNI).NI' .XAMINLi ils A.S.A.l) AlLoliaJ)k[ Sei'vi¢¢.% Lid Chariei"ed A¢¥ounlaiils 'Ilie l)Id CttJ'ilv(Ige waejI% Fan GTeai'l ¢y Ci)ILhester C06 IJG BANKV.IIS: Ila]'Llay% B#Jik l>l.C l Baith 8ir¢#l 14raintree F.85¢X CM7 1 U() )&ge I
F. W KING MLMOlllèll. IIOML.
I'kU.4'1'ty.b.S' AINNUAI. IlbP()ii'r
IIOI1 'I'IIL YLAR F.P4DF.I) 31 OCTOIIV.R 2023
'I'li¢ InJslee% present IheiT fLporl aiid Il)¢ Iiiiancidl sialenienlx ol- Il)e tharity lor Ili¢ y¥&r ended
31 OLlol)¢r 2023. T'li¢ I'tv.%lt&% Iiav¢ adL)pled Ilie pii)vi%i()n¥ ol'ihe Siaieinenl ol. Rec()Iniiirnd¢d I'iaLlice
1S(IIII') 'Ac¥OlllllinLJ lliid l£v.portiiig by C'liaiiiies i¥.%iied in MarLIL ?V(15.
AIEb"klll,.'NCL AND AI)MINI.s'riu'i'ivD. DL'I'AIL.S
. W Kiiig .]lI1rimI I Ioiiiey
Rt'gistered (."II#L-Ity iiiiiiil)L'r 21Y5112
PI-IIiLipnl addi'ess
l.- W Kiiig l.iii)iled
Moiik-% l.anii
Coggknshall Itoad
KelvedoEI
F.SSu'x
C'05 9PC,
7'1'u&l¢es
I he irusiees during tlie y¢ur ujjder rL'ViCW were..
P MilltT
L 11 l)uy
Irb A A Coiiiell
I'lit Cl¢i'k 10 Ilie'l ru.%ie¢s i8=
LKDtsy
S'I'JiIIC'R'IIRb, C:()V&IINANCI,.' AJYD MANIlC.'ty:MFN'r
Covei'iiiiiki doeuTiieiit
L.. W Kitig Mt'jnoi'ial I li>iii¢s was ¢%ial)lislied by a dee£l 1)f li1 ¥iid was Lon%tlluled ()n 25 O¢iober l 93?
ReÉJ'iiltDieiit #tid ¥ppoiiilfftiieiit of fftiL'W ti'u¥lees
All Irusiees are lirieled gin Ilieir J¢%ixiJ)%ibilsliry ab Iwslee% prior 10 tlieir aLLept4n¥¢ ol. Ilie role.
Ol'gaiiisIiO1ll striittuye
'rJie Iruilee% liold iiieLiliJig% re&?ul¢ti'ly al wliiLl7 d¢Lisii)n5 are nia(ltt.
Risk in#n#g¢iMent
71ie ITu&lees Iiave 41 iluiy lo ideiilily and i'eview the i'lbks li) wliityh ilie Lhfiriiy is expi)*d diid to engiire
appriipFiale ¢vnirolb afL' iii place lo i)rL)vide ieasonable a%sur&nc¢ a&puinsl fJ?ud and error.
()HJLC'fivLs ANI) ACTIVI'I'IL.%
()bj¢eilves ¥iid ttlnis for Ilie yubliL beiiefit
'riie PTiiJcipal aciiviiy 1% lo owii a114J lil
. W KINC lEI0111Aj. IIOMII.,. i'ltub'i'b .%' ANNUAL RLPORT FOII TI.11,. YLt All fr;NDLI) 31 OC.I'OII)'JI 2112J ()IJJLC:'I'IVES AP4D ACTlVI'fii,.'s (CON'I'INLb l)) .1 Tu&l¢es liave revi¢we(l ihe oulLoJiie& aiiil Llii¢veiiieiils É)f oiii. objecliv¥s aiitl aL liv41i¢s for ilie year. lu en.%iir¢ Ility reiiiaiii foLu.%ed 01) ()ur LlTrarilal)le ilillls, (Jiid Lotitinue to deliver b¢iiLlil.% lo ilie i)ubliL. We liave cothiipli#d willi ilie duly uiidtF Ilie Chut'ilies Acl 200() io have due reuajil li) publiL I11trI{ byu jclilltcL' ACIII&".VI I NIW.]Y'I' AND Vl,:AllIORMANCF. ClIMrit#blL #ltivlllL' 1..4LII OCLUPiLT is r4uired io iiiake a ni(ilJltenai)ce LOlllribuli()ii. There is J)0 oll?er %VUlLe i)f incoiiie apart Irtsni 14aiEk lilleir%l iiiid iJiv¢sliiiciil dividLiids. l-.or Ilie yeiir ende(131 October 2022 IheFe w&8 deliiil afitri. 4 lttr¥¢ ainnuiit ol-expendiiiii¢ was iEicuiYed (111 Ilie car park aiid properly reE)ovaiion. FIINANCIAI., IIEVILI IV Resvi've& pvlicy 'I'lie lo1411 iijtyuininL' IE&iiurLe¥ for y¢#i' arnoiinted £J5.465 (902? . £3 1,507). I".xpendilure li)r ilie ye(Ir £UiiOUI?ied 10 L I1,61fi12022 - L51,441) whiLlJ brou¥l)l a piotjl lot Ilie yeitf of £23,849120?9 _ lo £)1,9341. 'I'lie iliai'iiy liol(l% re%erve.% iii urder Ilial rlie liviiig ¥l&Tr)d&tds of Ihe altns1)ouye% be niainlaiiied sli(>iild ilieir bty a need lor Iiiajor r¢liiJ'bi¥liii)eiJl. R,¥¥5 ili Iliis ¥oiilrKI Ll)eaii fuiids Ilittl are Ireely 8vail&ble lor Ilie piiii)0se L>f Ilie ¢huriiy atlet all Loinniilnienl.b Iiave I.17 i)iei. IiivL%ltiieiit polley ¥iiil vbj¢cliYv R&seiry¢b ay¥ iiid£iil4ine¢J li) ati ucLvuiit willi F3arclay% Bdnk. I'licre are iJivesliJieniy iii the Nalional Assi)LldÉioii cil. Al&ii%li()USLS C()21111I11i1 Inve.¥liiieiii fund. Grants have l)¥eti r¢Leived Iriiiii Ilie I loii%in¥ Coryx)rdltoii. 'I'l?e Lhiti'ily n()1 rective Iroin, nor i¥ il u88ocia¢¢d witli ai)y oilier Lharsiy oi. INI)LI)Tr'NDI:WI' .XAMINLi R Tlie Indepetiileiit l--Kdinsiiers. A.8.A.P. ALLouiitii)b Services Ltil have 8iuii}iliLd Iljeir willsn&Jne.8 to Lvniinue iii otli¢¢ tsiid tt reNoliiiion to iY-api?tiiiit ilieiii will be propo.4¢d 411 the Aniiual GeJi¢ral Meeting. BY ORDLR Oll I'll. I'IIIIS'I'b'li S.. Mrs E Ruikiii Cli*lrm#ii 2U24
L W KING MORIAI, IIOMF,S .s'rA'I'b:MLlY-I' 01, fiiu&i'i'l,;Li 8 I<Tr:SPONSIIIILII'1[I S QII'I'III,. YEAII LI IVI)b:D 31 oc'foBER 21123 Ilou%iJig A8ioLi8tiiJJ& aiid Charity l.aw r¢(iiiires Ilie I'i'iigite¥ lo piupore tITiatLLiuI strtlLI))crilb tor f¢lLII linJiiLi#I year, wliiLlI sliow a Irue alid lair view ot IhL %late ol-afrlaiF% ol. the Cliiirtly oiid ol. Ili¢ lindllLiuI ablivilie% ti)r Ilial 1.10(1. Iii prtpariiig tlii)stt fiiianeiul.%latLiiienl%, I11# trustees ul't I'e<iuiiYd io.. %¢leLI suiltthl¢ a¢L<)uJiiiJi¥ puliLies 4Jid Il)eii api)ly Ilieii) ¢on¥islenily l.8ec Nol¢ l ) MHke jUdgli1e1)lS ajid esliniatLS Iliiil al'e IYtt5uno1)le 4ii¢J prudent. 8iale wheilier p1)IlL11b]e aLLouRIiii&i Slandard% #ie %tHtLlll¢lIt.% of re¢omn)Liided praLliu¢ hav¥ beei) tullowed..%ubje¢l 10 aEiy depa¥iuJts disclustts aiid exityliiined in Ilie tindllLial stsl¢ii)eiils,' MJi(I l)repai'¢ Ilie liiidiiiial slaivn)ents oft Ilitr Ltoin&F concern basis iiiil¢*s it ii)appropi'iaie lo pr¢sum¢ tli4t Ilie C.liarily will i()iiÈii)Lie in op¢ralioiiul e.xisieiice. Tlie trLisltt¥ ajr Jrspi)i)sible for keq)i#g proper ar.bi)Iinliiig iY¢oix15 wIIiLli disLloye willi rv.axnnable %lalekJieiiis L()iiii)ly willi Ilitr Cliariliets Atyi 2011. -I'hey rL>P()zisiI?le tor salegJuat'iliJiL lh¥ ol-llie Qliai'ily aiid IJ¢JiLe lor IdLii17 re4&(>nable slep% toi. Ihe i)JfVLlllioii and deleciiui) ol. Ir£iiid 41Rd oihei. Pagje 4
L W Kif¥G' MEMOIIIAL IIOMTr'S ri()l{ 'I'lltr: Yli,All b'.NITrIL D 31 Clc'roiikii 2112.3 liidepeiideiil Ex#iiTriiier's Ilepoi't to tlie'l'rust¥es of b. W KiiiLv MeJiivrl&l Ilonie$. We repoit oil Ilie aLci)Liiily ol-llie'l rust loi- Ihe year ¢nd¢d 31 .1el- 2112_1, wlii¢lL are bel 011 PabJr.5 6 10 Il¢sJ)eLlivt respoii.%il)ililtes ol- Inlylee 4nil exai?iiiiei' Tl)¢ Lliariiy'¥ tivsltse% coiisider Ihal ali aL*dit i% Jiul reqiiiiyd for tliis year (linder ¥¢ction 14412) 01. Ili¢ Cliiii'ilies ALt ?() I I Iilie 2011 ALtI and 11141411 iiidep¢iidenl Lxaniijialioii is needed. li i¥ our re¥pun%ibiliiy (o.. exaiJiiJie ilie acLoiiiII.% {uJider secliun 145 of Ilie 2011 Aci).. to Ivllow Ilie pr(i¢¢dLll¢S14id (lowji En Il)¢ Genej'dl DirLciioii% Liiveii by the Charity C'4)Jiiiiii.J1liJ luiider.%tLltuii 14515)IlJl ol'ilie ?01 I ALI., #nd tu 8lAte wlieiher parlii.ulai' Ill411ter% have c()ii)ty 10 our lllt¢nlion. Ba&is i)f ii)dLI)endeJil exaiiiiner'ts J'¢wi'l (lur ¥xatLlSiilllLOII WU.% Lari'iLd oiii iii aLLUI'd&nLe wilh (lie LNcnei'al diiL'blioii% LILven by Ilie Clvdtity eoJiirF#i'iWtk ol. tlie ¥JL¢Olllltb preseni¢d willi IlJos¢ r¢Luiil%. li alw inLludey ¢i)ii$iilerali(?ii ol afty uiiiistial 'I'li¢ pi'oL¥diires uiidei'141kei) d() no i)ruviile all Ihe evideiice Il)ai would b¢ iequii'td iii an akidit, nd u()nseqiieiiily we ito IlL)t exi)i-es% 411 audit opijiiiin ()1) Ilie view giveii by Ihe aLLounls. wlJi¥li r¢aboiiable ¢(tuse lu believ¢ Ihal it) 4iiy iiiaterial reyi)ccl, the Itu.8teeb have ft()I J])¢t (lie rLl311ireinLllls lo eftsiire Ihal.. proi)¢r iiccouiiliJi&? reLord% kept in a¢cordanLL will) secti(111 110 ol. Ilie 2011 A¢t aiid aLLOUlllb (tre yrei)ared wliicli IiLiree will) Ilie aGLoiiJiiiJig rebords aiid cotnply wi¢lJ the aLLounitiig i¢(IiJirtn)¢i)Is ()I' tlie 2011 ALt,' or lii wlii¢h, iii oiii. opijiioii, att¢J)liun sliould be (lrnwn iii ()1¥[ 10 enubl¢ a propvr iindtr%tandinby of Ilje a('tyuiin15 10 l)e redLhed. ASAP Ac¢ov~ IL A..% A.P. ALiouiJli)Ig Servi¢es L.Id Lliari¢T¢d AcLllUJltdllls 'I'lie Old ('ui'ilodg¢ WoJT¢liS l.ariii Grei1.1eY LolLliesler L06 IJG io Af ?024 Pa¥¢ S
W KING .m[)RIA1. 11()Mb CkNli 11A1. INC.'OMF. ANI) EXI'II N l)II'UIIL ACCI)UNI' 11OII'I'IIL I'LAR b.NDF.I) 31 UC'ft'OIILII 2023 2022 'rukNOVb;R Coiiliibuli017¥ Iroiii residenls 28,0()I 24 1)54 EXPENSLS StrrviLe% MuJiaLFemtnl Inilependent ¢xaiiiiiiers rets D&y 10 éay t)iainlenanLe Sutidry expeJi%es 3.910 3.812 780 44,459 487 10 4.300 792 2.563 -53.441 (11);14AI'INC. SUIIPI,US (R)Tr'FICII'I 2 16,475 128,4B71 Iiiiei'e.¥t i'ectjvable ajid oihei. inLome 7,374 6,553 suItVLII.S (1}Tr IIACI'I.) ON ORDIYARY A("I'IVII'lb.S Ilb:ItUIIL I'AXAI'ION 23.849 (21 ()34) 1 ax on burpliis oil iirdii)ary #Llivilie¥ SL'III>I,US 11)IE 11 ICI'I'} liOR I'llb FINANCIAI. YTr'AIi AI,"I'LIR 7'AXA'I'ION ?3,849 (21 ()34) RE'I'AINP;D.SUI<I'I.IIS {l)Lb ii'.I'l'l b()R YF.AR (21,914) 'I"lie ¢li#i'ily h&% no rel1)J1ij5¢d &?£ljJTrS oi. lus%eb oilier tlie siwplLiS for Ilie tyiirrthit Ye or the previous IIisi()rical cu%l.%iitF)ILI.%¢% aiid delicils weie iilthiiiLal lo those shown iii ilie illLoine and ¥xpendilui'e. Pa&te 6
L W lilNG MLMOIIIAL 11()MLI BAI.A.YCb: Slll4 L. Ab A'l. 31 OCI'Ollb.112tb23 Niil¢$ 2U23 2V22 'IXLI l} AS.SLTS l-l()u%iiig pri)i)¢riy al coyt l.ess.' bocial liousiii¥ groi)I 163.951 (63.718) I (13,951 {()3,718) 100 ?33 L'IIRLI N'l. AS8LI'S Ikbioi's ajid i)l-ePdyI)ieiii8 74(> 94,854 133,5 14 718 78,385 126,190 2?9,168 205 ?93 C'l{It Dl?YJIIS- Aitsi<bliYt¥ fmlliiig due itliiii i)ue ye¥i' 1,829 I.%03 NI, I, CUIIKENT ASSF.?S ?27,339 203.490 b."I' ASSb' I'S 3?7,579 3Q3,723 Reveiiue [tl.ve J?7,-$72 303,723 327,$72 303.723 ON HLIIALII ()1, I'IIL I'RUS'fLL1 8: Miy r Riiikiii 'riubl¢e P Miller- 'I'INste¢ lo Ae 2024 PAgYe 7
W KING Mb'MOIIIAI, IIOMF.S
NO'I'ES 'I'O'I'EII,; li INAYC'IAL S'1'A'1'I:qLi'N'rs
rvR YEAII F:P4DTr'D.11 OC'I OllkR 2t123
I. ACCOUN'I'INC I'OLICILIS
$1% ol. iii'ei)ar#tluii of fiiiaIirÉiil sruteiiieiils
-I'hLst lii)alliEal siaithiittnts 1141ve been PfH)aFrd un(ler Ilie l)isiorical cost convention, applicable
aL.Ll)ÈiniiJigp slaiJd¢ti'd4, Ilie Sidt¢ineni of IleLoiiiiiiei)Iled PraciiLtr.' a¢couiiliii& lor rLuFisi¢ied social
lthiidlor(l¥ diid willi 'l'ls¢ Hoiisiiig A¥0¢latIOn Act I f)()6 aiid Liiniply with 1.he Il¢Lii¥leJEd Sociul
1.8iidlords (J¢iieiul Deterniitiali(¥ii A¢1 lor 2000.
ui'jiover
.1 IiTnover rrpie%enls conlribiili()iis rece.ived I'roiii Aliii¥people.
l-lie fiiiKIIILjdl $14aleiiitiils are pirpaitd oil Ilie hagis that Lapiial expendilure will be &)rant aided,
liijidul by luaiis ur Iiiei tyuin re4erve%.
Su¢i#l liuu$iiig gi-#iils
Soiial l-Iuubll)b Gjdiiis are 111ade by I'he Iliiu%iiikT Coo)oraiioii aiid are iitilised lo r¢duLe Ilie ajiioiiiilx
ol. Ji)ong#gJt Inali% til r¢spccl of oli uppJvv¥d SLlieJ)ie 10 Ilie ai)iuuJil¥ wliILh it i.% e4liiiialLd can be
service by Ilie i)¢1 ajiiiiial iiiconie tsl. Ilie.%L-li¥i)i¥. 'I'li¥ &tn)(>uni ol. S(x',ial I Iiiusiiig &raEII is calLLilai¢d
'I'lit 14ousiiig (.'OL-IX)Ilktion. Iii acLord(IiiLe willi Ilie l¥riiis L)k'"I li¥ Regi.%ter¢d IIou4iiiL A&sciLialioiis
IALLOUllt Il¢qiiireiiienlsl Orilers. tliese bPJ&tils, when reueiv¢d. are %lioivii iii Ihe Balance Slieei as a
dedu¢lii>i) ITOII) Il)e cast ol. i)rÉ)P¢Fly. %oLiuI 141111%in& tij-dnis are repayable itiiiltr cvr14lll
Lii'LuJ>isiaai¢%. i)iiin
I: W KIN(1 MF.MOIIIAL I.IOMbS NO'I'li.%'l'o'riii,' INANCIAI, STA'I-b-MXi ry'rs Ill)11 I'll. YLAK II Nl)V:I) 31 OC'I'OIILII 2023 I. ACCOUN'I'INC VOLICI li S- Lvtttiiiiied x¢L'pIion81 reymirs C'o.%is ot ¢XtyLPlI()iial rei)airs, Iiiiles% r¢i71es#niingK inipiDveiiieiit IÉ) Ihe properlies, eliarLyLxl lo Ilie RLvenv¢ ALioiiiil Eli Ilit yLdr iii wl)ibli Ihey ar¥ Lncui'red. Liii'reiit A&sel IIivv5tiiieiit$ Uijdei. fiiiaiiLial reiioi1iiig slajidai'd I, Ilie Lliarity i.s iiot r¢qLiired t() prodlbce u casli Ilow siaiemen¢. 2. OI'LI RA'I'IYI Ci SUHPI.US {l)b'li l(.'I'l'l 'I'lie opei'aliii¥ suipluts lJ¢ticiil is slaled alter Lliai-¥iiig'. 21122 ljidepeiid¥iit ¥KdJllllleJS lee 7CJ2 780 3. JN'rb:Il,.'I, IIL('.I.'IVAIILI. AND O'I'III,:11 IIYCOMb", 2023 21122 Diviil¢iiLI 13aiik 1111¢6L%I 7,3C?g 7,374 6,553 4. '1'AXA'fioN I". W Kiiig Mellioi'ial Iltsmes is a registtred cliarily and ].% Ihereltsre exeini)L train lial)ilxly lo iuxalioii S. 'I'ANGIIIL Tr VIXb:l) ASS*.I' Iluusing Pr¢>perty As HI l N()V¢lTIiK"1" 202? rtiid 31 C)tlut)er 20?3 163.951 NL'f u(M)K VALUI,. As a(31 OilL)ber 2023 163,951 As al 31 OL'lobeJ. ?029 163 C)51 'I'h¢ 'fTÉi%ie¢s ¢on4ider il)e lI11'k¢1 viilile of the ei#l)I PiDperlie8 1() be in exceys of £l.l?O,000
E W KINC MLI MOIIIAI, 14()MkS NO'I'LIS'I'O'I'IIE FINANCIAL s'I'AI'EM,N.rS IIOR 'I'llb YEAR LNDLI D 31 OC'I'OIILI R 21123 O. DkB'I'OIiS 21122 Ilrepttyin¢iils diid #ccNecl iiicoiiie 740 718 7. INVkSry'MLNTS 'I'l)e Naliojial AssoLLdiion ot AlJn¥hoiises Coii)n)()n Inv¢¥im¢ni fund 2923 2022 N1]iber ()I'bliar¢s ai l Noveiiiber 202? Purcliuseb in ilie yeaT 5.464 5,463 Nuii)beF ol'bii&re¥ #t 31 OLlober 2023 5,465 5,464 2023 2022 Cobi of sli&re& ai l NoveEilIr 2022 Pur¥liJs¢d ill Il)¢ y¢8r IIiL()iiie oil r¢$peLI ot A¢¢uiiiknlaliaii 81)air.¥ r¢iaitied iii Ilie fLiiid 126.190 150 150 6.429 Cogl ot shares #131 O¥lob¥r 9023 133,574 126,190 lii Ihe opinion of Ilie Iruslee's Ihe niii rkel value of the iiivptslnia)l¥ ai 31 O¢lober ?0?3 is al lea.8t eLllliil lu Ilie ¢usl Viili)¢ blaied (>Ji Ilie balunce sli¥¢l. 8. CIIEDII'ORS 4n]olliils fiilliiig (liie wltliln y¢nr 2023 21122 Ii)d¢puidenl exaiiiin¢i's fees OIlJ¢T provisi011s and accLILa15 792 1,037 780 1,023 1,1129 1,801 P&kpe l O
E W KING MLMORIAL IIOMfiS NO'I'F.S TO'fiiE blNANCIAI. STAI'LI MLI N'rs riOII Tll*' YEAII ENDII D.11 OC'I'OIILII 2023 9. RESFIIVE% 2023 21122 Revenue resttrve Ai l Noveinber 2t122 Ileilliiicd surplii¥ (deftcil) fL)r Il)e year 303,723 23,849 325,6.f7 (21,934) AI 31 UL10b. ?023 3?7,572 303,723 111. IIOUSINC CORPURA'I'ION AI.LOWAIYCFSICOSI'S 21)11 2U22 X Uiii1s1202?_111 Allowan¢eb 4,31M) 3,812 Cos1S 4.300 Pagell