E W KINC MEMOIUAL HOMES
FINANCIAL STATEMENTS
YEAR EF4DED 31 OCTOBER 2024

E W KING MEMORIAL HOMES
YEAR ENDED 31 OCTOBER 2024
CONTENTS
Pages
Charity Inforn]ation
Tn￿tee8, Armual Report
2&3
Ststement of T￿slee8. Responsibilities
Indepenikllt Examiner's Report
Income and Exp¢Ddityre A¢count
Balance Sh¢et
Noies to the Financial Stakmenis
8 to 11

E W KI.P4C ,MEMORIAL HOMES
CHARITY If4FORNIATIO
YEAR E,NDED 31 OCTOBER 2024
TRUSTEES..
Mrs E Rutkin
P Miller
LRDay
Mn A A Curnell
CLERK TO'fiiF. TRUSTELS:
LRDay
REGISTERED CHARII'Y NUMBER
219582
PRINCIPAL ADDRESS
E W King Limited
Monks Farn]
Coggeshall Road
Kelvedon
ssex
COS 9PG
INDEPENDENT EXAMINERS
A.S.A.P. A¢Lo￿lI]ng Servi¢es Ltd
Chartered Accountants
Th¢ Old Canlodge
Warrens Fann
Great Tey
Colchester
F.ssex
C06 IJG
BANKERS:
Barclays Bank PLC
l Bank Street
Brainiree
Essex
CM7 IUQ
Page I

E W KINC,MEMORIAL HOMES
TRUSfF.ES' ANPILTAL REPORT
FOR THE YEAR KNDED 31 OCTOBER 2024
The Iru5tees present their report and the fillan¢ial statements of the charity for the year ended
31 Ocitsber 2024. The'frustees have adopted the provisions ot-Il?e Statement of Recommended PraL'lice
(SORP) 'Accoui)ting and Reporting by Charities, issued in Mar¢h 2005.
REFERLNCE AND ADMJNISTRATIVE DETAILS
E W King Memorial Home$
Regislered Charlty number 219582
Prlnelpal 4ddress
E W King LimI￿d
Monks Fann
Cogge&hall Road
Kelvedon
C05 9PG
Trustee5
The Injslees during ihe year under review were..
Mrs F. Rutkin- Chairnia
P Miller
LRDay
Mrs A A Cornell
The Clerk lo the Trustees is..
I.RDay
STRUCTURL GOVEILNANCE AND MANAGEMENT
Governing dor￿ment
E W King Memorial 14omes was established by a deed of tmst and wa8 wnsrituted on 25 October 1932
by the Charity Commission.
Re¢Yuitment and Appointment of neTrv trustees
All trnstees are briefed on th¢ir responsibilities a5 tsNstees prior to their aceeptance of the rol¢.
Organisation41 str￿Cture
The trustees hold meeiings regularly at which dectsions kre made.
Rlsk maiiAgen)ent
The trnstees have a duty ttTr identify and review the risks to which th¢ charity is exposed and to ensure
appropriaie controls are in pla¢c to provide reasonable assurance against fr&ud and error.
OBJECTIVkS AND ACTIVITIES
Oblectlves and alnis for the public benefit
The prirtcipal activity 18 to own and manage eight Almshouses for elderly people.
The Ord¢r directs. thai Almspeople should be FX)or people of good char4Cler who from a¥e, ill health,
¥¢cident or infirniity are unable to niaintain them&elves by their own exertions and who have lived in
Coggeshall for ai least 2 years.
In Ihe eveni ol'a vacallcy. it is advertised and applications are invited. The Tn￿te¢S then decide. using
the above criteria, before making an appointment.
Al the presenr liine all the Almshou&es occupied by persons of low incorne all of whom are at le8Bt
in their seventh decade.
Page 2

W KING MEMORIAL HOMES
TRUSTEES. ANIYUAL REPORT
FOR THE YEAR ENDED 31 OCTOBER 2024
OWECTIVES AND ACTIVITIES (CONTINUED)
Trnstees have revi¢wed th¢ outcome5 dnd acliievements of our obj¢ctive5 and activities for the yeaT, to
ensure they T¢main focused on our charitable aims, and continue to deliver benefits io the public. We
have compli¢d with the duty Lujder the Cl￿nI1¢S Act 2006 to have due regard to public benefit gUidaT￿¢
published by th¢ Commission.
ACHIEVEMENT AND PbRFORMANC£
Cliarltable activitie5
Eabh o¢Lupier is r¢quired to make a maintet]an¢e contrtbution. Iliere is no other SOLwce of in¢om¢
apart from Bank interest and investment dividends. For the y¢ar ended 31 October 2022 Ihere wa8 4
dttlicii alier a larg¢ amount of expenditure was incurred on the car park And property renovaiion.
FIIYANCIAL REVIEW
Reserves ￿lleY
The total incomiiig resoum for th¢ year amounted to £34.79812023 - £35,465). Expenditure for the
year aniounied to £13,U45 (2023 £11,616) which brought a profil for the year of £21.753 (2023
£23,849).
The cliarkty holds reserves in order that the living siandards of the almshouses ean be maintained
should tbetr b¢ a need for major returbishjllent.
Reserve8 IA this context mean fund$ that are freely available tor the pwpose of the Charity after all
com￿Li￿¢￿￿ have been mel.
Investment pullcy and obje¢tiv¢s
Reserve5 are mainlained in an ￿Ount with Bhrclays Bank. There ar¢ investments in ihe Nalional
AssoGiaiion of Almshouses Common lllvestment Fund. Grants have been received from rhe Housing
Co¥pora¢ion. The charkty does not receive from. nor is it a&socaated with any other charity or
o￿an*$all0￿.
INDEPENDENT EXAMINER
The Independent Examiners. A.S.A.P. A¢¢ount%ng Services Ltd have signified their willingness to
coniinue in oftkce and a resoluiioji to re-appoint theEn will be pro￿Sed at the Annual General MeeiiJ)g.
BY ORDER OF THE TRUSTEES:
MN A A Cornell- Trustee
Ap"
2(125
Page 3

E W KING MEMORIAL HOMES
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDED JI OCTOBER 2024
Flousing Associations and Charity L4w requires the Tntstees to prepare financial statemenis for each
financial year, which show a twe and fair view of the siaie of atYair8 of the Charity of the financia
activities for that period. In pttparing those financial staiemenis, the trnsÈees are r¢quired io..
Sel¢ct suitable accounting policies and then apply them eonsistenily (see Nole l)
Mak¢ jud8EneniS and estimates that are reasonable and p￿dent.
S¢ate whether appliolble accounting standards are statementg of recommended praotice have been
followed, subject lo any departure8 diwloses and explained in the financial staternenis,. and
Prepare the financial statements on th¢ going WDcem basis unless it is inappropriate io presume that
the Charity will continue it) operational exi$t¢nce.
The iNst¢¢s are responsible for keeping proper ac¢ounling r¢cords which disclose with reasonable
accuracy at any IiTne the ftnancial position of the ¢harity and enable them to et)SUTe that the financial
siaÈements comply with Èhe Charities Aci 2011. They are Bl.%0 reyponsible for safeguardtng the ￿s¢tS
of the ChaTity and hence for taking reasonable slep8 for the prevention and detection of fraud and other
irregularilies. The trust¢e8 consider that there are adequate ￿Trds to fulfil the obligations of th¢ ¢hwily.
Page 4

E W K1Tr4G MEMORIAL HOMES
FOR 'fHE YEAR ENDED 31 OCTOBER 2024
Independent kx¥mlner's Report to the Trustees of E W KIDg Memorlal Ilome&
We report on ihe a¢count8 of the I'ru$t for the year ended 31 (ktober 2024, which are set on pages 6 to
Respective responsibiliries of tyu$tee3 attd exomiTJer
The charity's Imstees CQDsid¢r thot an audit is Mot required for this year {under seLtion 144(2) of the
Charities Aci 2011 (Ihe 2011 Act) and that an independent examination 1$ needed.
It is our responsibtlity to..
examine the accounts (under seciion 145 of the 2011 A¢tJ'.
to follow the procedure8 laid down in the General Directions giv¢n by the Charity
Coinmigsion (under section 145(5)Ib} of the 2011 Aci. and
to state whether particular matters have cO￿e to ow aiteniion.
Basis of independent examiner's report
Our examination was carried out in 4cc<)rdan¢e with the gener&1 direction¥ given by the Charity
Cotnniission¢r. An examiiiation intludeg a review of th¢ aceountinu ￿ordS kept by the chariiy 2nd a
comparison of lh¢ accounts presented wilh those ￿ords, It also illeludes consideration of any unusual
iletns or dis¢losureq in the accounts and seeking explanations Irom you As trustees concerning any sucli
niaÈters. The procedures undertaken do no provide all the ¢vid¢nce thai would be required tn an audit,
id consequently we (lo not expr¢ss an audit opinion on the View given by the accounts.
IlldepeDdent ex*mlDer'8 5tJtement
In com]e¢lion with our examination, no matter ha$ come to our at￿ntIon..
which g2ve5 us reasonable cause io believe that tn ally material respect. the tntytees have not
et the requirements to ensure that..
proper accounling re¢ord8 arc kept in accordance with section 130 of the 2011 kn¢
accounls ale prepared whi¢h ogrec with the accounting r¢¢ord8 Bnd Lomply with the
ccounling requirements of the 2011 AGt.' or
to which, in our opinion. aiieiition should be drawn in order to enable a proper wJd¢ryt&ndiny of
Ihe accounts to be reached.
ASAP Acco
Lll
A.S.A.P. Accounting Services Ltd
Chartered AL¢ountants
The Old Cartlodge
Warrens bann
Greai Tey
Lol¢h¢steT
C06 IJG
ILF Ap
2025
Page 5

E W KING MEMORIAL HOMES
GENERAL INCOME AND EXPENDITURE ACCOUNT
OR TIIE YEAR Ef4DED 31 OCTOBER 21J24
Note$
2024
2023
I'URNOVER
Lontributions from residents
27.490
28,091
EXPENSES
Service8
Management
Independent examiners f¢e5
Day to day mainienance
Sundry expenses
3,468
4,160
804
3,707
906
3,393
4,300
792
2,563
568
10
lJ.045
11.616
OPERATING SURPLUS
14.445
16,475
Intetest receivable and oih¢r income
7.308
7,374
SURPLUS ON ORDINARY
ACTIVITIES BEFORE TAXATION
21,753
23,849
Tax on surplu8 on ordillary &etiviiie8
SVRPLUS FOR TIIE
FINANCIAL YEAR AFTER TAXATION
21.753
23,849
RETAII%'ED SURPLUS FOR YEAR
21,753
23,849
The charity has no recognised gains or losses othu than the surplus for the curr¢nt year or the previous
year,
Hislorical co$t Surpluses and deficits were identical to those shown in the in¢om¢ and expenditure.
Page 6

E W KING MkMORIAL IIOMLS
BAI,ANCE SHEET
AS AT 31 OCTOBLR 2024
Note5
2024
2023
IXED ASSEI'S
Housiiig property at ¢o$l
Less.. social housing grdnt
163,951
163,718)
163.951
163.718)
100,233
100,233
CURREf4T ASSETS
D¢b¢or¥ and prepayments
Cash at bgiik alld hand
Inveslments
824
109,070
140,880
740
94,854
133,574
250,774
229,168
CREDrroRS: Amount$ falling due
wlihln one year
1.682
1,829
NET CURRENT ASSETS
249,1192
227,339
NkT ASSETS
349,325
327,572
RESERVES
Revenue r¢%¢rv¢
349,325
327,572
349,325
327,572
ON BEHALF OF TIIL TRUSTEES:
Mrs A A Corn¢ll- T￿￿tee
P Mill¢r- Trustee
ILfr Apn
2025
Page 7

W KIIYG MEMORIAL HOMLS
NOTES TO TIIE FINLNCIAL STATEMTr:YTS
FOR YEAR ENDED 31 oc'foBER 2024
I. ACCOUNTING POLICIES
Basls of prep&r&tlon of Ilnanclal $lalemen¢8
These financidl statement$ hav¢ be£n prepared under ihe histori¢al ¢ost ¢onventhon, applicable
aecouniing standard5, the Statement of Recomrnended Practice.. accounting for registered srfial
latsdlordb. and wilh 'll)e Housing As%ociation Act 1996 and coinply with The Regtslered SociAI
Landlordy General Deiemiinaliun Act for 2000.
Turnover
Turnover reP￿s¢￿(S eontributions received from Almspeople.
Flnanee
The finwicial ¥tht¢inents are prepared on the basis that capital cxpenditure will be grant aided,
funded by loans or met from Teserves.
Soelal houslnE gr#nt8
Social Housingi Grants are made by The Housing Corporaiion aiid ar¢ ulilksed to reduLe lh¢ amounts
of mortga¥t loans in respeci of an approved scheme to the amounts which il is estimaied Can be
senfic¢ by the net annual ineome of the ￿lie￿¢. The amouni of Social Housing Grant is talculated
on the qualifying costs of Ihe sL.lienie in a¢¢ordan¢e with instNGlionts is$ved trom time to time by
The Houtssnb Corporation. In accordaD¢¢ Wlth the teims ot The Registered Ilousing A&so¢iaiions
(Account Requirement¥) Orders. Ihe¥¢ grants, WI￿￿ received. are shown in the Balancc Sheet as a
deduction from ihe eost of property. Social Housit]g Grants are repayable under cer&iin
circumstances, primdrily f(¥llowing sal¢ of a property but repaynieot will nornially be regtricied lo
net proceediTr ol. sale.
When the amount of Sg¢ial Housing Gtanl re¢eived ¢xceeds the original costs, the surplus is
credsted to the Inwme and Expeiidituic Account, thus not redueiiig the eXpendi￿re to below cost.
Houslng properly
14ousing Properly is staled at cost. These wst8 are ter￿ed "qualifying ¢o$ts" by The Housing
CorporatlOD for approved Socidl Hotssing Grant schelnes and are considered for tnortgage lo￿15 by
tlie relevont lend&n8 authorities and ar¢ m¢t out of the Society's own reserves.
To the ext¢nl tI￿t capilal expendiiure on housin8 property does not qualify for Social Housing
Gran¢s and is ￿￿4￿Ced from tlie Society's own re$ources, or from other charii&ble SOUTce8, an
amount equal io that expendimre ha$ previously beert transferred frorn the appropriate resery¢8 of
the Soci¢ty to the credit of the Property Equkty Account.
In ae¢ordance with ¢urr¢Dt
recominendations, this amouni has now be¢n written back 10 the revenue reyerve.
Depreclation
Depre¢ia(ion of housing property wab ¢alculated in accordance with that proportion of the cost not
financed by Social 14ousinu Grants, but fjnanced by mort&?age loan8, and an amouni equal to the
related loan principle repaynienls in th¢ year was charged io the Property Revenue Account. Thiy is
no longer considered appropriate and lias been written back in full. As the propert1¢8 are
maintaiiied in a slate of repair such that their estimated residual value is noi less i]￿ll their
improvenient cost, the dnnual ¢harg¢ for depreciation would be nil.
Gener81 rates
Residents are responsible for their ii)dividual amounts of tax ¢harEes.
V#lue added taI
The Society 1$ not registered for VAT and a¢cordingly expenditur¢ in their Income and Expenditure
Accounts includes the relevant VAT.
Page 8

W KING MEMORIAL FIOMES
NC)'I'ES To'l'llk FINANCIAL STATEMENTS
FDR'I'IIE YkAR Ef4DED 31 OCTOBER 2024
I. ACCOUNTING POLICIES- Coutinufd
xceptioual repAir
Costs ol-extyeptional repairs, unless representing improvement to the properties, are charged to the
Revenue Account in the year in whÈch they are incurred.
Current Asset InvestmeTht$
Tbe inve5tmenty are slated at cost.
Cash Flow Statement
Under fitwicial reporting standard I, the clwity is not r¢qiiired to produec a eash tlow gtaiement.
2. OPkRATING SURPLUS
Ihe operating sury)lus is slat¢d after ¢harging-.
2024
2023
liidependen¢ exatniDets feey
804
792
J. INTEREST RECEIVABLE AND OTHER INCOME
2024
2023
Dividends
Bank Interesi
7,306
7,369
7,308
7,374
4. TAXATIO
E W King Mernorial Ilomes is a registeTed Charity and is iherefore exempt from liabilily to t8xaiion
on its income and capital gains.
S. TANGIBLE FIXED ASSETS
Iloudllg
Property
As ai l Noveinber 2023 and
31 October 2024
163,951
NET BOOK VALUE
As at 31 October 2024
163.951
As ai J l October 2023
163,951
The Tn￿le¢s consider the market value of the eight properties to be in excess of £1.120.0(K)
PaEe 9

E W KING MEMORIAL FIOMbS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDI,D 31 OCTOBER 2024
6. DEBTORS
2024
2023
Prepayments and acerned income
824
740
7. INVESTMLNTS
The National Associotion of Almshouses Common Investsnent Fund
2024
2023
Number of shares at l November 2023
Purcliases in the year
5,465
5,464
Number uf %hares at 31 October 2024
5,467
5,465
2024
2023
Cost of shares at l November 2023
Purcliased in tlie year
Incoine oli respect of Accumulation Shares retained in the fund
l33.574
150
7,156
126,190
150
7,234
Cost of *hares at 31 Octob¢r 2024
140,880
133.574
In the opinion of the tTU8tee'$ the market value of the inveslments at 31 Oetober 2024 is at leASt
equal to Ilie cost value stated on the balance sheet.
CREDITORS amounts f#lllRg dut wlthln one yeAr
2024
2023
Independent examit]¢rs fees
Other provisions and aren￿
804
878
792
1.037
1,682
1,829
Pag¢ 10

E W KING MEMORIAL HOMES
NOTES TO THE FINANCIAL STATFMEP*'TS
FOR TIIE YEAR ENDED 31 ocfoBER 2024
9. RESERVES
2024
2023
Revenue reserve
At l November 2023
Retained surplus (deficit) for the year
327,572
21,753
303,723
23,849
At 31 October 2024
349,325
327,572
10. HOUSING CORPORATION ALLOWANCESICOSTS
2024
2023
8 Units (2022-8)
Allowances
4.160
4.300
Costs
4,160
4,300
Poge 11