REGISTERED CHARITY NUMBER: 219790
Re
ort of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
Ellen Gl nne Homes

Ellen Gl nne Homes
Contents of the Financial Statements
for the Year Ended 31 March 2025
Page
Report of the Trustees
Independent Examinerfs Report
Statement of Flnanclal Actlvltles
Balance Sheet
Notes to the Flnancial Statements
10 to 16
Detailed Ststement of Financial Activitles
17 to 18

Ellen Gl nne Homes
Re ort of the Trustees
for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year
ended 31 March 2025. The truslees have adopled the provisions of Accounting and
Reporting by Charities: Statement of R8commended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
ObJectives and aims
The Charitable objects of the Charity are noted below and are considered a benefit to the
public. i.e. to provide housing. aGGommodation and assistance to help house people who
are elderly or disabled, and associated facilities and amenities for such people or for the
relief of the aged. disabled" and to ￿rther such general charitable objects as the Trustee
may detemiine.
FINANCIAL REVIEW
Flnancial position
The total incoming resources was £58.836 for the year ending 31 March 2025 (2024:
£53.830}. The net deficit for the year was £18,082 (2024: Deficit of £11,726).
Included within the 2024 expenditure was an amount of £28,286 for propety maintenance
and repair. and this included the work undertaken to install new bathrooms and kitchens.
In 2025, property maintenance and repair Includes the sum of £7.092. for costs relating to
the re-surfacing of the main entrance way.
Prlncipal funding sources
The principal funding SOu￿e$ arise from the provision of housing accommodation.
Expenditure is all related to the upkeep and management of this accommodation.
Investment policy and obJe¢tlves
The Trustee has th@ power to make any investments which the Trustee sees fit. The
Trustee is responsible for the regular review of investments.
Page 1

Ellen Gl
nne Homes
ort of the Trustees
for the Year Ended 31 March 2025
FINANCIAL REVIEW
Reserves poliey
The Trustee has considered the need for an appropriate level of reseNes in conjunction
viith the guidan￿ issued by The Charities Commission.
In determining a reserves policy, th8 Trust88 has identified core obj8Ctives to be met.
These being:
The establishment of adequate free reserves, being the unrestricted fund. excluding
any endowments etc, less the value of fixed assets. this being so as to ensure that the
Charity has adequate liquidity to meet any short-term fluctuations in occupancy levels
or exceptional costs outsid8 the scope of the budget" and
The development of a strong Balance Sheet and positive cash flow to support the
funding and improvement of the existing property.
The level of reserves required is determined using comprehensive bud9ets and cash flow
forecasts. Regular updates and monitoring of these documents is carried out to ensure
that cash flow is adequate for the needs of the Charity. Levels of property investment are
budgeted according to resources available and on-going reserve requirements reviewed.
Currently tho charity does not have a free reserve 12024: Nil), and there is a reported
deficit on the income statement in both years to the 31 March 2025. Free reserves being
the tolal of the unrestricted funds, tess the 'endowment' and the net book value of the
unrestricted fixed assets.
Golng concern
Despite there being a deficit in the year. the trustees do not consider there to be any
material uncertainties about the charivs abilty to continue as a going concern.
FUTURE PLANS
The trustees will endeavour to ensure that a surplus is generated, but where losses arise,
they will occur due to investing in the propety of the charity. Going fonNard. the aim is to
continue with the routine maintenance and repair programme. but where funds allow,
further improvement and modemisation work will also be undertaken.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
The Trustee is Gw Cynefi'n, a Registered Social Landlord, No. L029. The charity is
controlled by its goveming document. a deed of trust and constitutes an unincorporated
charity.
Page 2

Ellen Gl nne Homes
Ra ort of the Trustees
for the Yaar Ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed
and to ensure appropriate controls are in place to provide reasonable assurancE against
fraud and error.
The trustees identify the risks to Grwp Cynefin which includes the risks to which the charity
is exposed where applicable, and for each of these an assessment has been made as to
their impact. severity and probability. Intemal and external controls have been reviewed for
effectiveness in mitigating these risks.
Systems established to manage the level of risk include the following-"
The review of major risk related incidents (and steps tsken to address these) in an
annual meeting of the Management Board.
The management and control of risk is an ongoing process in the Charity. Responsibility
for ensuring that there are appropriate risk management structures in place, and for
reviewing those structures. is the responsibility of the Board.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
219790
Principal address
Grwp Cynefin
Ty Silyn
Y Sgwar
Penygroes
Gwynedd
Page 3

Ellen Gl
nne Homes
ort of the Trustees
for the Year Ended 31 March 2025
Trustees
Grwp Cynefin
The Trustee is responsible for the affairs of Ihe Charity. but being a corporate body. this
task is delegated to the Management Board. whose members are the Directors of Grfvp
Cynefin. The current members and members who served during the year, and who meet
twice a year are..
Mana ement board members..
Tim Jones Chair
(appointed September 2023)
Carys Edwards Chair
{resigned September 2023)
Sion Fon Vice Chair
(appointed September 2023)
Elen Llwyd Williams Vice Chair (resigned September 2023>
Dafydd Lewis
(resigned September 2023)
Llinos lotwerth
Mike Corlfield
Jane Lewis
John Antony Jones
Geraint Wyn George
David Lloyd
Nigel Finney
Ken Beech
Tony Oakley
Delyth Lloyd
Paul Robinson
Sally Baxter
(￿signed November 2023)
(resigned December 2023)
(co-opted July 2023)
(COwOPted July 2023)
{co-OPted December 2023)
{co-OPted December 2023)
{Co￿pted D8￿mber 2023)
Com
an
Secrets
Helen Wyn Jones
Independent Examiner
Emyr Rice-Roberts BA FCA
Emyr Mortimer Cyf
32 Y Maes
Caernarfon
Gwynedd
LL55 2NN
Sollcltors
Pritchard Jones Lane
37 Y Maes
Caernarfon
Gwynedd
LL55 2NN
Page 4

Ellen Gl
nne Homes
ort of the Trustees
for the Year Ended 31 March 2025
Approved by order of the board of trustees on
its behalf by-
10 September 2025
and signed on
Helen Wyn Jones - Secretary
Page 5

Inde endent Examinerfs Re ort to the Trustees of
Ellen Gl
nne Homes
Independent examinerfs report to the trustees of Ellen Glynne Homos
I report to the charity trustees on my examination of the accounts of Ellen Glynne Homes
(the Trust) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts
in accordance with the requirements of the Charities Act 2011 ('the Acf).
I report in respect of my examination of the Trusvs accounts Ca￿led out under Section 145
of the Act and in carrying out my exarnination I have followed all applicable Directions
given by the Charity Commission under Seclion 145(5)(b} of the Act.
Indèpendent examinerfs statement
I have completed my examination. l o)nfirm that no material matters have come to my
attention in connection with the examination giving me cause to believe that in any
material respect:
accounting records wera nol kept in respect of the Trust as required by Section 130
of the Act" or
the accounts do not accord with those records. or
the accounts do not comply with the applicable requirements concerning the form
and contenl of accounts set out in the Charities (Accounts and Reports) Regulations
2008 other than any requirement that the accounts give a true and fair view which is
not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be ￿aGhed.
Emyr Rice-Roberts BA FCA
Emyr Mortimer Cyr
32 Y Maes
Caemarfon
Gwyn&dd
LL55 2NN
Page 6

Ellen Gl
ne Homes
ststement of Financial Activities
for the Year Ended 31 March 2025
31.3.25
Total
funds
31.3.24
Total
funds
Unrestricted Designated Restricted
fund
funds
funds
Notes £
INCOME AND
ENDOWMENTS FROM
Charltable activities
Charitable activities
54,758
54,758
49,870
Investment income
Other income
4,078
4,078
3,894
66
Total
58,836
58,836
53,830
EXPENDrruRE ON
Charltable actlvities
Charitable aGtivities
76.146
76,146
64,782
Other
772
772
774
Total
65.556
NET INCOME I
(EXPENDITURE)
(18,082)
(18,082> (11,726)
RECONCILIATION OF
FUNDS
Total funds brought
forward
155,790
114,413
240,100
510,303
522,029
TOTAL FUNDS
CARRIED FORWARD
137,708
114.413
240.100
492.221
510.303
CONTINUING
OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes fomi part of these financial statements
Page 7

Ellen Gl nne Homes
Balance Sheet
31 March 2025
31.3.25
Total
funds
31.3.24
Total
funds
Unrestricted Designated Restricted
fund
funds
funds
Notes £
FIXED ASSETS
Tangible assets
99.023
240.100
339,123
339,896
CURRENT ASSErs
Debtors
Cash at bank
5.254
63,27S
5,254
177,688
2,711
187.492
114,413
68,529
114,413
182,942
190,203
CREDITORS
Amounts falling due
within one year
{28,001)
128.001) (18.897)
NET CURRENT
ASSErs
40,528
114.413
154,941
171,306
TOTAL ASSETS LESS
CURRENT UABIUTIES
139.551
114,413
240,100
494,064
511,202
PROVISIONS FOR
LIABILITIES
{1.843)
(1,843)
(899)
NET ASSETS
137,708
114,413
240,100
492,221
510,303
The notes fomi part of these financial statements
Page 8
continued...

Ellen Gl nne Homes
Balance Sheet- continued
31 March 2025
FUNDS
Unrestricted funds:
General fund
Future maintenance fund
137,708
114,413
155,790
114.413
252,121
270,203
Restricted funds:
Capitsl grants fund
240.100
240,100
TOTAL FUNDS
492,221
510,303
Th8 financial statements were approved by the Board of Trustees and authorised for issue
on ...-...10 September 2025
and were signed on its behalf by=
TimJ
Chair of the managem8nt board
The notes form part of these financial statements
Page 9

Ellen Gl nne Homes
Notes to the Financial Statements
for the Year Ended 31 March 2025
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity. which is a public benefit entity under FRS
102, have been prepared in accordance with the Charities SORP (FRS 102)
'Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective
1 January 2019),, Financial Reporting Standard 102 The Financial Reporting
standard applicable in the UK and Republic of Ireland, and the Charities Act 2011.
The financial statements have been prepared under the historical cost convention.
Going concern
There are cUr￿ntlY deemed to be no material uncertainties about the charity's ability
to continue as a going con￿rn.
Income
All incom8 is r8cognised in the Statement of Financial Activities once the charity has
entitlement to the funds, it is probabl8 that the income will be ￿ceiVed and the
amount can be measured reliabty.
With regard the main income source. the rentsl income receivable, this is accounted
for on the basis of invoices raised for the rentsl accommodation provided and from
the rental of the agricultural land. This includes the direct collection for the local
housing contributions, including housing benefit. collected directly from the local
authority. together with personal contributions from residents.
Expondlture
Liabilities are re¢ognised as expenditure as soon as there is a legal or constructive
obligation committing the Charity to that expenditure. it is probable that a transfer of
economic benefits will be required in settlement and the amount of the obligation can
be measured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headings that aggregate all cost related to the category. Where
costs cannot be directly attributed to particular headings they have been allocated to
activities on a basis consistent with the use of resources.
Tangible fixed assets
Ca
italisation and use of fixed as6ets
Housin
Pro
erties
The cost of the properties and residual land value is reviewed for depreciation
annually. The Trustees consider there to be no material change in the property value
and so have decided that there is no depreciable amount to record. The properties,
encompassing both agricultural land and the accommodation premises, are ￿vieWed
for impairment annually and again, the trustees consider there to be no impaiment
at this time.
Page 10
continued...

Ellen Gl
nne Homes
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
ACCOUNTING POLICIES - continued
Tangible fLxed assets
Where components of the building are replaced, the cost is capitalised and
depreciated over the estimated life of that component. ff not material, the original
Cost of the component is written off through the statement of financial activity.
Social Housin
Where developments have been financed wholly or partly by Social Housing Grant
(SHG), the grant received is accountad for in a restricted fund. SHG may be
repayable if a propety is sold.
Depreciation is provided on all tangible assets so as lo write off the cost, less
estimated residual value, on a straight-line basis over the useful economic lives of
the assets concemed. The following rates are Currently deemed to apply: Fumiture &
equipment is depreciated on a 100/ty Straight-line basis.
Taxation
The charity is exempl from tax on its Charitable activities.
Fund accounting
Unrestricted funds can be used in accordan￿ with the charitable objectlves at the
discretion of the trustees.
Designated funds are unrestricted funds that have been earmarked by the trustees
for particular future proj8cls or commitments.
Restricted funds can only be used for particular restricted purposes wtthin the objects
of the charity. Restrictions arise when specified by the donor or when funds are
raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the not8S
to the financial statements.
Hlre purchase and leasing commllments
Rentals paid under operating leases are charged to the Statement of Financial
Activities on a straight line basis over the period of the lease.
Page11
continued...

Ellen Gl
nne Homos
Notos to the Financial Statoments - continued
for the Year Ended 31 March 2025
INVESTMENT INCOME
31.3.25
Total
funds
31.3.24
Total
funds
Unrestricted Réstricted
funds
funds
Deposit account interest
4.078
4,078
3,894
TRUSTEES. REMUNERATION AND BENEFITS
There were no twstees, remuneration or other benefits for the year ended
31 March 2025 nor for the year ended 31 March 2024.
Trustees. expensos
There were no trustees, expenses paid for the year ended 31 March 2025 nor for
the year ended 31 March 2024.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Designated Restricted
fund
funds
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities
49,870
49.870
Inv8Stm8nt income
Other income
3.894
66
3,894
66
Total
53,830
53,830
EXPENDITURE ON
Charitable activities
Charitable activities
64,782
64.782
Other
774
774
Total
65.556
65,556
NET INCOMEI(EXPENDITURE
(11,726)
(11,726>
RECONCILIATION OF FUNDS
Total funds brought forward
167,516
114,413
240,100
522,029
Page 12
continued...

Ellen Gl
nne Homes
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -
continued
Unrestricted Designated Restricted
fund
funds
funds
Total
funds
TOTAL FUNDS CARRIED
FORWARD
155,790
114,413
240,100
510,303
TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and
and
property machinery fittings
Totals
COST
At 1 April 2024 and
31 March 2025
335,454
4,179
17.297
356,930
DEPRECIATION
Al 1 April 2024
Charge for year
4,179
12,855
773
17,034
773
At 31 March 2025
13,628
17,807
NET BOOKVALUE
At 31 March 2025
335.454
3.669
339,123
At 31 March 2024
335,454
4,442
339.896
DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
31.3.25
31.3.24
Trade deblors
Amounts recoverable on contrad
Other debtors
Prepayments
3,686
646
569
353
1,799
569
343
5,254
2,711
Page 13
continued...

Ellen Gl nne Homes
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25
31.3.24
Trade creditors
Other creditors
6,922
21.079
6.110
12.787
PROVISIONS FOR LIABILITIES
31.3.25
31.3.24
Provisions
899
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.3.25
At 1.4.24
Unrestricted funds
General fund
Future maintenance fund
155,790
114,413
(18,082) 137,708
114.413
270,203
(18,082) 252,121
Restrlcted funds
Capital grants fund
240.100
240.100
TOTAL FUNDS
18,082
510,303 ￿ 492,221
Net movement in funds, induded in the above are as follows:
Incoming Resources Movement
resources expended in funds
Unrestrlcted funds
General fijnd
58,836
(76,918) 118.082)
TOTAL FUNDS
58,836
76,918
18.082
Page 14
continued...

Ellen Gl
nne Homes
Notes to the Financial Statements - contlnued
for the Year Ended 31 March 2025
MOVEMENT IN FUNDS - continued
Comparalives for movement in funds
Net
movement
in funds
At
31.3.24
At 1.4.23
Unrestricted funds
General fund
Future Maintenan￿ fund
167,516
114,413
(11.726) 155,790
114,413
281,929
(11,726) 270,203
Restrlcted funds
Capital grants fund
240.100
240.100
TOTAL FUNDS
522,029
11.726) 510 303
Comparative net movement in funds. included in the above are as follows-
Incoming Resources Movement
resour￿$ expended in funds
Unrestrlcted funds
General fund
53,830
(65,556) {11.726)
TOTAL FUNDS
53,830
65,556
11,726)
Fund ur
ses
Unrestricted funds
The general fund is available, at the discretion of the trustees, for use in the
furtherance the chartty's objectives.
The unrestricted balan￿, shown above, includes a historic endowment fund balance
of £121,670. which was brought forward when the management of the charity was
taken over from the Order of St John Trustee Company. This is believed to represent
the holding of 1,394 accumulation shares in the National Association of Almshouses
Common Investment Fund and 2,111.93 accumulation shares in Charinco Charities
Narrower-range Common Investment Fund. These holdings are believed to have
been disposed of in 2007, and although not directly attributable to any charitable
assets therefore, this balance is excluded when calculating the chaiity's free reserve.
Page 15
continued...

Ellen Gl nne Homes
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
MOVEMENT IN FUNDS - continued
Future maintenance fund
The Charity does not make provision for future cyclical works but charges actual
costs incurred to the income and expenditure account. However, the Charity does
designate a part of its reserves for future repairs and maintenance. This designated
fund represents funds set aside for future maintenance and repairs expenditure, and
was, per its governing documents, initially funded by the holing of 44 accumulation
shares in the National Association of Almshouses Common Investment Fund. But
since these wer8 disposed of. the amount held in the fund is delermined through the
assessments made by twstees of the amounts approximated to be required.
Ca
ital
rant funds
This restricted fund, amounting to £240,100, represents a Social Housing Grant that
was received in ￿latiOn to the acquisition of the fixed asset property.
Transfers
During the year to March 2025. there were no transfers bets¥een the funds (2024:
Nil).
10. RELATED PARTY DISCLOSURES
The trustae of the chariiy is Grfvp Cynefin (GC). GC carry out all of the
management functions of the Charity and are paid a management fee. This means
that the majority of the costs incurred. £75,518 in 2025 (2024: £60,862). were paid to
the trustee.
The management fee for 2025 was £6.921 (2024: £6,110). No individuals or
rporate bodies were paid for their services as Board Members. As al the year-end
£20.509 (2024: £13,065) was due lo GC for accrued management and other charges
etc.
Page 16

Ellen Gl nne Homes
Detailed Statoment of Financial Activities
for the Year Ended 31 March 2025
31.3.25
31.3.24
INCOME AND ENDOWMENTS
Investment income
Deposit account interest
4.078
3,894
Charitable actlvitles
Rental receipts
54,758
49,870
Other income
Miscellaneous income
66
Total incoming resour¢e$
58,836
53,830
EXPENDITURE
Charltablo activities
Hire of plant and machinery
Rates and water
Insurance
Light and heat
Caretaker's mobile
Management fee
Alami monitoring
Voids & bad debts
Cleaning
Grounds & maintenance
Subscriptions
Repairs & renewals
P￿miseS expenses
599
1,285
1,792
15,156
3,218
6,921
847
2,076
684
787
358
35,288
267
1.199
1,454
1,942
12,483
3,216
6,110
787
1,491
755
657
196
28,286
446
69,278
59,022
Other
Fixtures and fittings
772
774
Support Costs
Finance
Bank charges
62
61
This page does not form part of the statutory financial statements
Page17

Ellen Gl
nne Homes
Detailed Statement of Financial Actlvlties
for the Year Ended 31 March 2025
31.3.25
31.3.24
Finance
Governance costs
Auditors, remuneration for non-audlt
work
Professional and legal fees
Accountancy & examination
840
4.859
5,506
1.300
6,806
5.699
Total resources expended
76,918
65.556
Net expenditure
This page does not fomi part of the statutory financial statements
Page 18