Chorfty number.. 219916
vlggin Cottuge Hom•s
Trustee¥ repcyt und financial stotements
For the yeor ended 31 March 2024
INS
> AUDIT

ggln C¢ttOgo Homes
Cont•ffts
Poge
Referen¢• ond admlnlstrotlve detglls of thè Choritu. Its Trustees ond odvis•rs
Trvste•s' r¢port
Indtrpend•nt èxomln•r's report
St<rt•m•nt of flnancial attivili•s
ealance sh••t
Not•$ io the flnanclal statements
8-15

ggln Cottoge Hom•s
R•f•r•ncè anfj f>Jmknistrative detals of the Chorltu. its Trustees ond ojvL%ers
For the yeor •nd•d 31 Morch 2024
Twsteeg
B H E ￿ggirn. ChoSrman
B Toner
J 8ennett
Chorlty r•glsi•red numbgr 219916
PrInC￿oI offi¢•
Unit S. Woterside Busines5 Park
1649 Pershore Ri)ad
51irchley
Birminghom
B30 3DR
countunts
Dains Audlt Llmlted
2 Chombedoin Squore
Pcradlse
Blrminghom
83 3AX
Page 1

Wl9gln Cottugè Homes
Trustee5' rèport
For the yeur end•d 51 March 2024
The Trust8es present their onnuol report together wlth the linonclol stotenienls ol the Charlty for the yeor 1 April 2023
to 31 Morch 2024.
Structure. go¥*manc• and monug¢m•nt
u. Constitfftn
The Chorlty was Created by Sir Henry Wiggin Bt. by o deed doted 21 December 1899 under whlch freehold wopeny ot
Horborne w05 glfted to the Trustees lor the use of such Oged or Inflrm persons as the Trvstees considered deserving in
occordonce with the objects of chority.
Under a separote deed d(rted 8 Jonuory 1900 certoin flxed Inte￿st secvrttles were tronslerred to the Chorlty. Th15 deed
directed Ihal invesrment Income and ￿nI￿1 income should be used firstly to pou for necessary repa5rs to the Chorltu
property ond for Insvrlng the property.
The lote* Trust Deed was reglstered with the Charlty Commlsslon on 2 November 1994.
ggln Cottoge Homes is o reolstered chorbty, number 219916.
b. Orqanlsotlonal struciure and dedsknn-making polld•s
The monagement of the Chorw Is the responslblllty of the Trustees who ore eleded and co-opted under the terms of
the Trust deed.
The Boord consists of at leost two volunteer Trustèes. who meet iwo tlmes per yeor. ond rely on thelr monoglng agents,
8roodening Cholces lor Older People. to ensure they com with oll required legislotion ond best prottice. receiving
quarterly updotes between Boord Mee￿n0$.
Obj•ctiv•s and octbwties
Prlncty)al urtfvlty and oblKtlv•s
The Chorlly's Pflnclwl acti￿tY Is the runnfng of slx aIms￿VSe5 in Birminghom. Its charitoble object￿e$ ore to provide o
friendly. homely environment fcjr its almshouse tenonts ￿th respett for their prlvocy.
The freehow propertu ot Horborne was gifted to the Trv5tees for the use of such aged or infirm persons os the Trustees
considered deservln9 In accordance with the objects of the Chority.
The deed d1￿Cted thot investment income reniul Income shoJld be used flrstly to pay lor necessary repolrs to ihe
Chority property ond Irisurlng the property.
In settlng objectives and plannlng for actlvltles, the Trustees have glven due consideration to generol guidan
published by the Charr(y Comml¥lon relotin J to public beneflt. Includlng the guldonce 'Publlc ￿nefit.. running o charity
(PB2y.
Page 2

Wlgtyn Cottag• Home$
Trvstèès, r￿Ort (contlnued)
For th¢ Year ended 31 Morch 2024
hlèvom¢nt$ ond performarKe
a. RèvlÈw of uctlYld•s
The Choirty Continues to operote un￿5 that ore owned {2023- six).
FkKJnclal r•vl•w
o. R•vl•w of financlal actlvltlgs
The surplvs for the yeor ended 31 Morch 2024 amounted to £31.445 (2023- £29,053).
Totol funds os (rt 31 M¢Jrrh 2024 omounted to £441.428 (2023- £409.983).
The Trustees belleve the flnoncial position at the yeor Ènd Is edequate to meet the Charli￿$ objectsves for the
forthcorfng yeor.
Res*rws poll¢u
At 31 Murch 2024. the Chorlty had endowment funds of £58,852 (2023- £58,852X unrestrlcied funds of £289,92612023 -
f258.481) orKI restricted funds of £92.650 {2023- £92,650).
Aeserves are belng molntalned to fund the choritoble actlvSty of runnlng the olmshousès
c. F￿anCIal r￿ mgnqg•m•nl obl•¢tlv•s ond policlos
The Trustees hove considered the major risks to whlch the Chorlty is expKxed and hove establlshed systems ond
internol controls to MI￿gOte them.
d. Investment policy and r•turns
The Trustees continue to review Investment policy on o regulor bosls.
•. Going concern
After muklng opproprlote enqulrles. the Twsiees hove o reosgnoble expectatton thut the Chorty htrs ¢dequote
resources to continue Sn Dperolonol exmence for the foreseeoble f(rture. For ihls ￿ason. theu continue to odopt the
golng concern basls In preporlng the finonciol statements. Further details regording the odopiion of the going concern
b051s con be found In the accounting FM)Ile￿&
f. Future developm•nts
The mnoglng agent. Broadenlng Cholces for Older Pettpl4 wlll continue to molntoin the Chodty's property and Invest in
ony improvements thcrt are required so as to be able to continue to provlde a frlendly. homely envlronmem for Its
olmshouse tenonts. uslng the knnggln Cottage Homes funds ovoiloble.
Page 3

Wiggin Cottoge Homes
Trustees, report (coniinu•d)
For th• year erbded 31 March 2024
Stutemènt of Trvste•6' respOns￿lI￿leS
The Trustees ore responsible for preparing the Trustees, rewrt and the flnoncial stotemenls in accordonce wlth
oppllcoble law ond Unlted Klngdom Accountlng Stancjords (United Kingdom Generollu Accepted AccountiThJ Practice).
The law optAicoble to charities in England & Woles requires the Trustees to prepare finonciol stotements for eoch
finonciol year whlch glve a true and fa5r view of the stote of offalrs ol the Chorlty ord of It5 incoming resources and
oppIKation of resources Includlng tts Income tsnd expendlture, for thot pedod. In preporlng these flnonclol 5tutement%
the Trvstee5 ore required io..
select sultable uccountin9 pollcles ond then opply them cons15tently'.
observe the methocls ond ulndples of the Chartties SORP (FFiS 102)..
moke judgemellts and accounting eswmoles that ore reosonoble ond prudent..
state whether oppiicable UK Accounfjng Standards {FRS 102) hove been followed. Subject to ony rnoteriol
deportures disclosed and exploined In the flmnciol stotements.
prepore the flnanclol statements on the gthng concern basis unless it Is Inopproprtotè to prewme thot the
Chorlty VAII contknue in bu51nes8.
The Trustees ore respon￿ble for keeplng odequate occountlno records thot ore sufficient to show ond exploln the
Chority's tronsactions and disclose wY(h reasonable occurocy ai ony time the finonciol poslllon of the Chorltu ond
enoble them to ensure that the Flnonclol stotements comply wirh the Chorltles Act 2011, Ihe Chorlty (AccoLJnts and
Reports) Regulations 2008 ond the prOv￿￿on5 of the TrJst deed. They ore a150 ￿SPOn￿bIe for sofeguordlng Ehe 05sets
of the Chorlty ond hence for toking re(550noble steps for the p￿ventIOn and detectk)n of froud ond Oiher Irregularicles.
Approved by order ol the members ol the t￿rd of Trustees ond signed on their behalf by..
B H E Wlggln
Trustee
8 Toner
Trustee
Dote..
Page4

Wbogln Cottoge Homes
Independent exomlnerf5 report
For the year ended 51 March 2024
Ind•peFKlent exgmlnerfs report to Trustees of Wlggln Cottage Homes Cthe Churltw)
I report to the Chorlty Trvstees on my exominofjon ol the finoncknl stotements of the Chorrty lor the year ended 51
March 2024. whlch ore set on poges 7 to 15
R•$pon8iblhi*$ and ba$1$ of rèport
the Trustees of the Chority you are resrM)n51ble for the preporotlon of the flnanclol statemeNs in otsordonTr wlth
the requlrements of the Chorttles Act 2011 (Yhe 2011 Act).
I report In resped of mu exomlnotlon of the Chorllu's flnonool stoiemenis Ctsrr￿d out under sectitsn 145 of the 2011 Act
ond in corrylng Out my exominofjon I love followed the opplicable Oirections given by the Charlly Commission under
setth)n 145(5)(b) of the 2011 Acr,
Indopfyndent ¢xgmln•rf8 Stgtoment
I hove completed mu exomlnotlon. I conflrm thot no motters hove come to my ottentlon in Connectlon wkth the
examlnation glvlng me couse to belleve that In any moierlal respecr.
occounff ng records were not kept In respecl of the cl￿rIty os required by secllon 130 of the 2011 ACL. or
the fSnonclal stotements do not accorcl wlth those recoids.. or
the flnondol ￿ateMentS do not comply wrth the appiicoble requirements concerning the form ond conient ol
linonclol stotements sei out in the Charities (Accounts ond Reports) Regulafjons 2ooe other ihon ofty
requirement ihot the flnonciol stotement$ 9lve g Irue ond folr, vlew which Is not o motter consldered os part of
on independent exominotion.
I hove no concefns ond hove come ucross no other rnotters in connectlon wlth ihe exominatlon to whlch attention
should be drown in thls reF)Ort In orderio enoble a proper uThJetstanding of the finunciol sttttements to be reocheé.
Thts report is mode solely to the Charity's Trustees. as a body. in accordance wth Port 4 of the Charities (Accounts and
Report5) Regulatlons 2008. My work ha5 been undertaken so that I mlght state to the Charltu's Trustees those matters I
requlred to stote to them In an Independent examlnerfs report and for no other purpose. To the fullest extent
permitted by law, I do not accept or ossume responsibllKy to onyone other thon the Chorlty ond ihe Chorlty's Trustees
os o body. for my work or for thls report,
Signed,,
Ooted..
Andrew Morri% FCA
Dolns Audit Llmked
8lrmlngham
Page 5

Wlg9in Cottog• Hom•s
Stotemerrt of finncial artiviti•s
For the year ended 51 Murch 2024
Unr•strlcted
funds
2024
Ae5trictÈd
funds
2024
Endowment
fvnds
2024
Total
f￿￿8
2024
Totul
funds
2025
Note
Income from-
Donotions tsnd legodes
Chorltoble octlvStles
501
501
49.544
49.344
46.115
Investments
1,652
1.652
5,171
Total Income
51.497
51.497
51.286
E¥pendlture on:
Choritable activities
20.052
20.OS2
21233
Totol expendltur•
20,052
Xl.052
22.233
Nèt mov•m•nt In fvnds
51.M5
31.445
29.055
Reconclllutlon of funds..
Total funds brought
forward
12
258.481
92.050
58.852
409.983
380.930
Net rmovement in funds
S1.M5
31.445
29.055
Total funds carrl•d
forwurd
12
289.926
92.650
58.852
441.428
409,983
The notes on poge$ 8 to 15 form port of tttese fSnanclol 5totements.
Page 6

Wlgaln Cottoge Homes
R•glst•rèd number. 219916
Bolunce sheet
As ot 31 Morch 2024
2024
2023
Note
Flx•d assets
Tongible ossets
231,278
254.185
Current QS5els
Debtors
10
212.171
177.429
Creditor& omounts foiling due ￿thIn one ueor
1102
{1.631)
Net current asset$
210.150
175.798
Total net ossets
441.428
409.983
Charity fvnd8
Tnjst fund (Endowment funds)
Restrltted fund5
12
58.852
58.852
12
92.650
289.926
92,650
258.481
Revenue reserves (Unrestrlcted funds)
12
Total funds
44t428
409.983
The fintsnciol statements were opwoved ond outhorlsed for Issue by the Truslees an¢J slgned on thelr behalf by..
6Ht bA)IV4
H E Wlggln
Trustee
Toner
Trustee
Dute".
The notes on pages 8 to 15 form port of these flnonciol stotement&
Page 7

•llggln Cottage Homes
Notes to th• firton¢fjol stotemefrts
For the yeor ended 31 Morch 2024
Generul infttmiotlon
Wiggin Cottoges Hgmes is on unlncorporoted chartty registered wtth the Chority Commlsslon lor Englond and
Wole& The oddress of the Charlty's registered offlce is 7-8 Imperiol Couri 12 Sove￿10￿ Rood, Klngs Norton.
"rminghom, B30 SFH.
Accountlng pollcles
2.1 Bas15 of prepar(rtSon of fknan¥4ol Statements
The finttnclol St￿eMentS hove been p￿pored In occordonce wlth the Chorilles SORP {FRS 102)- Accountlng
ond Reportlng by Choritles. Stotement of Recommended Proctice opplicobte to chorttles preporing thelr
flnonclol statements In occordonce wf(h the Fintsnciol Reportlng Standard Op￿IC0b1e in the UK ond Republic
of Irelond (FRS 102) (effective l Janvory 2019). the Flnonclal Reportlng Standard appllcoble In ihe UK and
Republlc of Ireland (FRS 102) ond the Choritles Act 2011.
The Ilnonclol statements hove been prepored to give o 'true ond folff vlew ond hove deported from the
Chortties (Accounts ond Reports) Regvlotions 2008 only to the extent requlred to pro￿de o 'true ond folf
vlew. Thls depurture hcs Involved folltswing the Charltles SORP (FRS 1021 pvbllshed in October 2019.
ggln Cottoge Homes meets the definthon of o public beneffi entrtu under FRS 102.
Assets ond Ilobiif(ies ore 5nitiJlly recogntsed ot historical cost or transactlon value unless otherwise stoted In
the relevont occounting policy.
2.2 Golng concern
The Trustees have considered he goln9 concern concept and any cssothted morerial uncertointies. the
tmisis of any ssgnff icani judgements and the matters to consider when confirming the preporotion of the
finonciol stotements (x) o golng concern bjsis ond the Trustees are comfortoble rhot rhere ore r
odjustments reoulred. The Trustees expect the Chortry to conllnue In operoiion lor ot lecst 12 months from
the dote of sSgning the finonaol stotement&
23 Income
All Income 5s recognlsed once the Charity has ent511e￿Ènt to the income. It Is proboble thot the inwme wll
be received and the omount of Incgme ￿e￿[Voble con be meosured rel￿bly.
Incomlno resour￿$ from choriroble actlvltl* relole to houslng benefit and rents received dlredly from
tenoncles In respect of the olmshouse lenoncie&
Inve*ment income is occounted for on on accruol$ ￿519
Page 8

Wiggln Cottagt Homes
Notes ta th• flnandol stot•m•nts
For the year ended 31 Morch 2024
Accounting policie5 (continved)
2.4 Exwnditure
EX￿end￿U￿ Is recognised once there is o legol or constructive obllgotion lo transfer economic beneflt to a
thlrd party. It Is prob¢Jb￿ thot o transfer of economt beneffts wlll be requlred In settlement and the amount
of the obligation con te measured reliablu.
Expendlture on chorIto￿@ octlvltjes Is incurred on directly undertoking the octlvities whlch further the
Chorrty's oblectlves. as well os onu ossodoted support costs. Govemance cO￿S comtyise all costs Involving
the public occountobilrty of the Chorlty ond its complknnce with reguk]tion and 9ood proctice. These cosrs
Include costs reloted to Independent ekuminotion. monagement and legal fees.
All expendlture Is Inclusfve of irrecoveroble VAT.
2.5 Taxatkn
The Chtsrtty is considered to poss the tests set out In Poragroph 1 Schedule 6 of the Flnonce Act 2010 and
therefore It meets the definltlon of a charltable company for UK corporotlon tox pvrp05es. Accordlngly. the
Chorrty is exempt from tax0￿0￿ in respect of Incor￿ or capPtol golns reeewed within cotegorfes covered bu
Cthpter 3 Pcjrt 11 of the Corporatlon Tax Act 2010 or Sectlon 256 of the Taxatlon of Churgeoblè Golns Att
1992, to the extent thot svch Income or golns ore opplled excluslvelu to chorftable purpose
16 Tangible f&¥ed assets arbd depreciation
Cost of the In￿01 constrL)rtbn ond eouipping of the Chority'5 propertle& or exten51ons thereof. a
coprtolSsed and iKluded In freehold property In the balance sheet.
Freehold land Is not deprecloted. DeprecIot￿n on housing properties Is chorged so as to ollocote the c05t
less their resKluol value over their estimated useful lives In equol onnuol Instalrnents frcm the dote of
complefjon of the last major refurblshment work ofter purchase.
The esNmoted useful Ilves a￿ os follow*
Freehold property
100 years
Imp(xrment ￿￿ewS are currre¢J out annuolly ond provision mode ugalnst the corrylng volve where
approprtate.
2.7 Dobtor$
Debtors ore recognised otihe settlement omount. Prepayments are volved ot Ihe amount prepald,
2.8 Llabllltl•s
Llabllllles are recognised when there Is on obllgo￿on (Jt the Bolonce She￿ dote os a result of o post event,
is pretoble thot o tronsfer of economt benelit will be reqvlred in $2tt1ement, and ihe omount of the
Settlement can ￿ estlmatEd rellobly.
LlabilltSes gre recogn15ed or the amount that the Chorlty ontlclpotes it will ptty to settle the debt or the
omount it hos received os tsdvarKed poyments for the goods ￿ services Tt must provlde.
Page 9

gln Cottage Homtr$
Notes to the flnoncbol statements
For lh• yqor •nded 31 Morch 2024
Accountlng pollcl•s Ccontlnued)
19 Flntsnclol knstrum•nts
The Chorltu only hos finonciol assets ond flnonclal Ilabilblles of o klnd rhol qualffy os boslc fIna￿clO1
Instruments. 8osic finoncial 1nstruments are inV¥iolly recogn￿ed ttt tronsoctton value ond subsequentlu
meosured ot thelr settlement volve.
2.10 Fund accountlng
Unrestricted funds ore funds which ore ov011oble for use ot the discretlon of the Truste& in furtheronce of
the generol objertlV85 Qf th8 Chorify ond whlch hove not been designoted lor other purposes
Restrfcted funds ore funds which are to be used in occordonce wlth specific restrictlons Imposed by donors
or which hove been rolsed by the Charity for ptsrticulor purposes. Restricted funds rel¢Jte to houslng grants
re￿1ve￿ ond ore being unwound ocross the perlod the ossodoied assets ore being deprecioted.
E￿oWMent funds ore funds glven to be he￿ as capltol.
Investment Incorr*. gal￿ and losses are ollocoted to the opproprstite fund.
Income from donotions and l¢gades
Vnr*strict•d
ftsnds
2024
Totol
f￿d$
2024
Total
funds
2023
Donatlons
501
501
Incom• from charftoble Ucti￿t￿S
UnreStr￿td
fund5
2024
Total
funds
2024
Total
funds
2023
Flenis received
49.544
49.344
46,115
Page 10

ggln Cottage Homes
Not•s to the finanthl statements
For the year ended 51 March 2024
Investment Income
Unr•strlct•d
funds
2024
Total
fundB
2024
Totol
fvrK15
2025
Investment income- connected thormes
1.652
1.652
5.1Tr
Exp•nditur• on charhabl• o¢tlvltlg8
Tthal
funds
2024
Totol
funds
2023
Oper￿ing costs
G()vernonce ¢0sts
12.614
16.114
7.438
&119
20.052
22.233
Governance costs co￿lst of the Broodermng Cholces lor Older People management charge iogether whh legol
fees
Employees
The Churttu h05 no ern ￿Quee5.
Trust••s' r•mvn•ratlon and •xp•ns•s
Durlng the yeur. no Trustees recelved ony remunerotion or other benefr(s (2023- ENilJ
Durlng the year ended 31 March 2024. no Truslee expenses have been Incurred (2023- £NII).
Page 11

%Vlggln Cottoge Homes
Notes to the flnondgl stotemerrts
For thè year ended 31 March 2024
Tongibl• fix•d a￿t$
Fr•ohold
property .
h¢w$lng Igrtd
and trAJilding$
Othèr nx•d
oss•ts
Total
Cost or Val￿11￿n
Al l Apdl 2023
290.691
9,404
500.09S
At 31 Morch 2024
290.691
9,404
300.095
Depr•clatlon
At l Apnl 2023
Charge for the year
51506
1907
9.404
65.910
1907
At 31 Morch 2024
59.415
68.817
Net book volue
At 31 Morch 2024
231,278
251.278
At 51 March 2023
234.185
234.185
Pag8 12

Wiggkn Cattag* Homès
Not•$ to th* flnun¢lJl $totwx¢nts
For the Ye￿ end•d 51 March 2024
10.
Debtors
2024
2023
Amovnts owed by Broodenlng Chdces for (Xder People
(Xher debtors
210,048
175.929
30
Prepoymems ond accrued Income
Rent orrears
1028
1,575
95
212.In
177.429
Cr•ditor& Amounts falling due withln one year
2024
2023
Prepoid rent
Other c￿dItorS ond 4xcruols
957
l354
674
2.021
1.631
P8ge 13

Wlggfjn Cottage Hom¢$
Noi•s io th? flnondgl stat•m•nts
For the year ended 31 Mar¢h 2024
12.
St¢rtement of funds
Statement of fund5- ¢urr*nt u•or
Baltsnc• ot 1
prll 2023
Balance at 31
March 2024
Income
Expendlture
Unrestr￿ed fvnds
Revenue reserves {Unrestrtted funds)
258,481
51,497
<20,052)
289.926
Endowment fwid¥
Trust fund (Endowmeni funds)
S8.852
58,852
Restrictèd funds
Restritted fund5
91650
92.650
Totol of fvnds
409.983
51,497
(20.052)
441.428
siotem¢nt of funds . prior year
Balance al
Balanco ot
Expendlture 51 March 2023
1 Apdl 2022
Income
LlnrestrKted funds
Revenue reserves (Unrestrlcted funds)
229,428
51.286
(22.233)
258.481
ErKlowm•nt fvnds
Trust fund (Endowmeni funds)
58,852
58.852
Aestrlcted fvnd5
Mestrlcted funds
92.650
92.650
Total of funds
380.930
51.286
(22,233)
409.985
Page 14

Wiggin Cottuge Hom•s
Not¢s to the flrhunctol stat•merrts
For lh• y•ar •nd¢d 51 Morch 2024
15.
Analysls of net assets betwe•n fund5
Analysis of net g$￿S b•tw••n fvnd$- current per￿d
Vnrestrtt•d
funds
2024
RÈstrkt•d Endowm•nt
fund$
fund8
2024
2024
Totol
2024
Tonglble flxed ts￿et5
Current asset5
79.776
92.650
5&852
231.278
212.1
212.1n
12,021)
Credltors due wtthln one yeor
(2.021)
Total
289.926
92,650
58.852
44l428
Anulysis of a￿t$ b•tw••n funds - prlor perk>d
Unr•strl¢ted
funds
2025
R¥5trict•d Endowment
fvnds
fund8
2025
2025
Totul
funds
2023
TongibP¢ fixed ossets
Current assets
82,683
92.650
54852
234.185
177.429
ITI,429
Credrtors (Jue wtthln one uear
{1.631)
0,631)
Totol
258,481
92.650
58.852
409.983
14.
Related party tronwcllons
At the bolonce sheet dote. the Charity hos one Trustee who acts os director for Bfoaclenlng Choi￿5 for Ol¢Yer
People, o Charlty that octs os the monoging ogent. The management fee ehorged in the yeor was £6.086 (2023
£6.119J
Broadenlng Cholces for Older People pods surplus funds with connetted partles to eosfly manage the
investment portfolio. Interest is charged on the loons ot the group's depostt rote.
During the year. the Chority received £1.65? 12023 £5.1n) tsn deposlts held whh BroodenlrKJ Choices for Older
People. At the balonce sheet dote, £210,048 (2023- 075.929) wos due io the Charitu Irom Brtsodenlng Cholces
for Older People.
None of the Trustees hod ony personal Snterest In anu of the tronsothons of Ihe Chorfty during the yeor
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