Homes and Comtnuiiitie8 Agency Nujnber A2920
RebFl8tered Charity Nuinber 221005
Wakefield Charities, Homes
STATUTORY FINANCIAL STATEMENTS
for the year ended
31 March 2022

Homes and Cottununiiies Agency Number A2920
Registered Charity Number 221005
Wakcfield Charities, Homes
FULL DETAILED FtNANCIAL STATEMENTS
for the year ended
31 March 2022

Wakefield Charities, Homes
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The Trustee presents its annual report for the year ¢nde(131 March 2022 undcr the Charities Act 2011.
together with the audited financial stateJn¢nts for the year, and confinn that Ilie latter comply witli the
requiremenis of the Act, the I'rust Deed and Reporting by Chariti¢s'. Statement of Recommended Practice
2019 applicable lo charities preparing their accounts in accoidance with the Financial Report Standard
applicable in the UK and R¢public of Ireland IFRS 1021 (effective l January 2015).
REFERENCE & ADMINISTRATtVE INFORfvIATION
Wakefield Cliarities, l-loJn¢s was incorporated on 21 February 1989 under a revised Single Scheme of
Manag¢in¢nt which coinbined the charities of Major Barker Homes, in the Ecclesi2stieal Parishes of Thomes
and Christ Church. Wakefield, regulated by a Schemo of the Charity Commissioncrs of 12 October 1961
and Consolidated Charities. in the fornier County Borough of Wakefield, regulated by a sLh￿lle of the
Charity Coininissioners of 6 September 1961, and as aM￿lded on 15 March 2016 following a merger with
Dr Crowther's Almshouse Charity. Wakefield Charities. Homes is a registered charity No. 221005 and a
registered social landlord No. A2920.
The Charity's principal address 1$.. Governors. Office, Green Hous¢, 158 Northgate, Wakefield, WFI 3UF.
GOVERNORS
The Trustee of Wakefield Charities. Hoines is Wakefield Gratnmar School Foundaiion. The Govemors of
that enlily are..
Mr S Chamberlain (Chair of Governors)
Miss E Crowson (appointed 17 June 20211
Mr J Lewi5 (appointed 17 June 2021)
Mr M Sh¢vill (appointed 20 October 20211
K Morgan (appointed 17 June 2021
Mrs H Mass¢y
Miss E C Peckett
Mr S Buttenvorth
Canon Jayson Rhodes {appointed 3 Marcli 2022}
Reverend L Vasey-sdunders Iresign¢d 26 June 2021)
Mr S Khan
Mrs F Galbraith
Mr J Jeffries
Mrs C Harrison
Protessor D Jenkins
Mr l A McKinlAy
Miss A J Tetley
Mrs P Plumpton
Ms J E Claire {resigned 3 March 2022)
Mr T W¢lion (resigned 14 October 2021)
OFFICERS AND KEY MANAGEMENf PERSONNEL
Company Secretary..
QEGS Head..
WGHS Hcad..
WGPPS Head..
Mrg J Cock¢r
Dr K Brookes
Ms HJ Boyes
Mrs E Gill
ADDRESSES
Address of Charity..
Wakefield Charities, Homes
Governors, Office
Green House
158 Northgate
Wak¢fi¢ld
WFI 3UF
Address of Homes rull by the Charity..
Horne Street
Wakefield WF2 8EA
Holmfield Avenu¢
Wakefield WF2 7AF
Westfield Road
Wakefield WFI 3RB
George Street
Wakefield, WFI INE

Wakefield Charities, Homes
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 MARCH 2022
PROFESSIONAL ADVISERS
Bankels:
Barclays Bank plc
Trinity Walk Shopping Centre
Teall Way
Wakefield
WFI IQS
Auditors..
Saffery Champness LLP
Mitre House
North Park Road
Harrogatc
HGI 5RX
Solicitors:
Newtoi)s Solicitors
Unit 8, Calder Close
Wakefield
WF4 3BA
Stockbrokers:
Julius Bar International Ltd
The Platform
New Station Street
Leeds, LS14JB
STRUCTURE, GOVERNANCE AND MANAGEMENT
GOVERNING DOCUMENT
The Charity is governed by th¢ provisions of the Trust Deed, which was last amended on 15 Mar¢h 2016
following the merger of the charity with Dr Crowther's Almshouse Charity.
GOVERNtNG BODY
Governors are elected at a mecting of the Board of Governors to ensure, through carefvl selection, that the
Board coinprises Govemors with appropriate skills, cxperience and the dedication necessary for the
operation of a Charity. The full Board consists OF ninelecn Govemors, eighteen of whom are co-opted and
one of whom is nominated by the Chapter of Wakefield Cathedral. Governors nomially serve a four year
terni of office with a maximum of three ternis perniitted. The Chair of Governors and Deputy Chair of
Governors arc ¢leeted annually at th¢ Foundation's Annual G¢neral Meeting each October.
TRUSTEE TRAINING
New Governors are ￿ndUcted into the operation of the Charity. including its Policics and Procedures, and
appropriate trnstee training is organised for all Govemors.
ORGANISATIONAL MANAGEMENT
The Govcmors meet as a Board three times a year to deterniine and review the general strategyof the Charity
and to review its overall management and control, for which they are legally responsible. Implementation of
the Board's policies for Wakefield Charities. Homes 19 delegated to the Governors, Homes Committee,
which meets regularly throughout thc year. The day-to-day running of the Charity is delegat￿ to tbe D1￿clOr
of Finance & Operdiions, supported by the Trustee's EstatC8 and AdministratiOD departments.

Wakefield Charities, Homes
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 MARCH 2022
STRUCTURE, GOTrTRNANCE AND LWAGEMENT (eontinued)
ORGANISATIONAL STRUCTURE AND RELATIONSHIPS
The Homes comprises 31 dwellings. 17 at Home Street, 4 at Holmfield Avenue, 6 Alfftshouses at Westfield
Road and 4 Almshous¢s at George Street, all within the City of Wakefield.
Under the lerjns of the revised Scheme, Wakefield Charities, Homes are admiiiist¢red by the Governors of
Wakefield Grainmar School Foundation. A management fe¢ is paid lo this body for th¢ provision of financial
and administrative services froin their premises in NorEhgate, Wakefield.
RtSK MANAGEMENT
The Board's Risk and Compliance Committee, consisting of Govemors and meinbcrs of the senior
management teain, exaTnine the principal areas of the Charity's operations and consider th¢ major risks faced
in each of th¢s¢ ar¢as.
In the opinion of the Trustee, the Charity h88 put in place policies and procedures, and has reviewed systems
which, under nornial conditions, will allow these risks to be managed at acceptable level in th¢ day-to-
day operations of the Charity.
AIMS, OKIECTIVES AIVD PRINCIPAL ACTIVITIES
STRATEGIC AIM AND INTENDED EFFECT
The Charity's stratebye aim is the proper maintenance of its almshouses in order to continue to be able to
provide good qualsty accommodation for residents al an affordabl¢ price and to meet government housing
standards.
Maintenan¢e charg¢s are kept at a level sufficient to meet annual overheads but do not allow for the cost of
significant structural repairs and maintenance to the almshouses buildings, all of which are listed and are
over 50 years old. Th¢sc costs are met from the investin¢nt ii)come of the Charity.
OBJECTIVES FOR THE YEAR
Th¢ T￿￿tee'S main objective for the year is to achieve full occupancy of the almshouses. The strategy for
achieving this is to ensure we proNide high quality properties through r¢dccoration and re￿rbish1llenI as
appropriate.
The Governors believe that the continuous programme of refurbishment will ensure that the Charity
continues to meet the Government's Decent Homes Standard for all its properties.
PRtNCIPAL ACTIVITY
The principal activity continues lo be the provision of giN)d quality Bccommodation at an affordable price to
those in financial need who have a connection with the City of Wakefield. Resid¢nts Inust be over th¢ age
of 50 years.
REVIEW OF AcHIEvEl¥￿NTs AND PERFORLIL4J4JCE FOR THE YEAR
OPERATIONAL PERFORMANCE
On¢ property was vacant at 31 March 2022. Following the eviction of the resident in January, the property
has been left vacant in order to carry out significant roofing work. 5 properties were vacant for a total of 63
w¢¢ks during the year, compared to 5 propcrties for 104 weeks in the prior year.

Wakefield Charities, Homes
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 MARCH 2022
INVESTMENT POWERS AND POLICY PERFORMANCE
The Govcrnors ale pennitted to invest available fullds at their absolute discretion. The Governor% del¢gate
Ilie Inai)aganenl of the Foundation's investments on a discr¢tionary basis to Julius Bar Inleniational Ltd who
provide a montlily written report to th¢ Govemors. Investm¢nt Sub-cominittee, and report in person ¢very
other terni. Their reports include perforniance comparison and sector bench-marking. The Finance
Committee has Set out its investinent principles, tl)e specific long-tenn objectives of which ar¢ the
achievement of a balance of income and growth wÈth a[￿Ual total returns at least matchAng Éhe perfonnance
of the FfsE WMA index.
Between 31 Ma￿h 2021 and 31 Marcli 2022 the value of th¢ Chatity's investment portfolio, other than COIF
shares. decreased by 1.020/y (after allowing for net disposal8 of £30,936) froin £695,408 to £688,306. The
value of COIF holdings increased by 9.19 /0 from £227,145 to £248.027. This amounts to a total in¢r¢ase of
Given the medium risk profile which has b¢¢n adopted and th¢ portfolio's long terni track record, Governors
are satisfied with th¢ relurn for the year under review. However Govemors continue to explore all invcstment
options available, with 8 view to obtaining the best returns within the Charity's investinent principl￿.
FINANCIAL REVIEW AND RESULTS FOR THE YEAR
The net outgoing funds for the year wcr¢ £27,15012021 (outgoing).. £10.7611, after charging maintenanc¢
costs of £24,58512021.. £26,629).
During 2021122 the Trustee comrnissioned a ¢ondition survey from a finn of spwialist surveyors relating to
the structsral and physical fitness of th¢ almshouses. This repirt was of a thc>rou¥h and comprehensive
nature, and in compliance with the requirements of thc Alinshouses Association for a Quinquennial
Inspection. As a result of the surv¢y, Structural roofing work and a full refurbi5hinent of all properties lo¢aled
at George St￿t is plat]ned for 2022123 and 2023124. Th¢ expected cost of th¢ work is £103k.
It has beeT) e8si¢r and quicker to fill vacant properties than in the previous y¢ar due to the end of Covid-19
restrictions, resulting in increased income.
The majority of th¢ Charity's prop¢rti¢s are fine buildings of considerable awhilectural and historical
significance and thc Govemors recognise th¢ need to maintain them at an appropriately high standard. Th¢
cyclical work to rcplace kitchens, bathrooms and improve h¢aling sySt￿nS will therefore continue.
From February 2019, Th¢ Regulator of Social Housing requires all Registered Almshouse Charities to report
their progress against seven mandatory metrics. These are sct oul below, alongsid¢ the Small Providcrs,
Benchmarking outcomes for 2021, where ayailable.
Percentage of Reinvestment
3.57%
(SPBM benchmatk.. 2.2 %)
This metric looks at the investment in property 85 a percentage of th¢ value of total properties held.
Wakefield Charities, Homes is not developing into addilional properties, therefore reinvestmcnt is
in th¢ r¢pair 2nd maintenance of thc exisiing high qualiiy housing.
Percentage of New Social Housing Uiiits Delivered
The Charity has not developed new social or non-social housing units or acquired n¢wly built units
during the year. so this in¢tric is not applicable.
Gearing
{19.050/4)
{SPBM benclllnark: 11.80/0)
This metrÉc assesses how much of the adjusted assets are made up of dd)t and the degree of
dependence on debt finance. The Charity has no loans or finance lease obligations, and a relatively
high level of cash leading to a negative level of gearing.

Wakefield Charities, Homes
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 MARCH 2022
Percentage of EBITDA (Major Repairs Included)
This metric seeks to measure the level of surplus that is g¢iierated coinp£ired to interest payable.
WRkefield Charities. Homes does not have any capitaliscd interest, iiiterest payable of financing
costs, so this metric is not applicable.
Headline Social Housing Cost per Unit
£4.68 Iper unit
{SPBM benchtnark.. £4,847)
Operalingi Maigin Ioverall)
{24.740/0)
{SPBM benchmark.. 20.0/01
Operating Margin {Social Housing Lettings only) (39.360/0)
(SPBM benchmark.. 20.6/0)
The operating margin demonstrates the profitAbility of operating assets before exceptional expenses.
Return on Capital Employed
0.770/.
(SPBM benchmark: 2.70/01
This metric compares th¢ operating surplus lo total assets l¢ss current liabilities, and can assess the
efficient investment of capital resources in the cominercial s¢ctor.
RESERVES POLICY
The Trustee has reviewed thc Charity's reserve policy and il has been agreed th81 the Charity should aspire
to retain a sum of approximately £200,000 to 211ow for future unforeseen ev¢nls.
The Charity's total reserves of £2,291,691 at the year-end included £6,112 restricted funds, £53,644 endowed
funds and £2,231,93.fj unrestricted ￿nds. £1,161,558 of this represented th¢ net book value of fixed assets,
£3 11,963 is a rcvaluation reserve, £142,654 arc r￿¢rVeS designated for particular purposes, and £259.508
repres¢nts the value of a Social Housing Grant previously made by the Housing Corporation (repayable
nder certain circumstances) whiLh leaves free reserves of £356,252 available at 31 March 2022131 March
2021 £365,977). The Trustee is comfortable with the current level of reserves held.
ptiBLIC BENEFIT
Wakefield Charities. Homes is a charity whose primary objectiv¢ is lo proNide good quality accoinmodation
at an affordable price to thos¢ in financial need who have a connection with the City of Wakefield. A further
objective is to provid¢ relief, either generally or individually, to persons resident in Wakefield, in¢luding
residents in th¢ hom¢s of the Charity, who are in conditions of need, hardship or distress, by making grants
ofmoney, or providing or paying for items, services or facilities, Cic Iculated to reduce the need, hardship or
distress of such persons. When planning our a¢tivities for the year the Charity has considered the Charity
Commission's guidance on public benefit.
Residents for the Charity's hom¢s must be over 50 years old and hav¢ financial need. Vacancies arising in
the homes are extensively advertised in the Wakefield areA and prospective tenants attend an interview with
the Homes, Manager to determine their suitability and circuinstgnc¢s. Applicants are requircd to fill out a
statement of their financial r¢sources. including salary, p¢nsions and social security bcnefits. and must, if
not aLready r¢sid¢nt in the locality. give details of their co[￿ection to the City of Wakefield.
Maint¢nance charges during 2021122 ranged from £46.00 per week for a single flat in George Street to
£81.94 per week, including water rates and certain energy costs, for a three bedroomed flat in Home Street.
The maintenance charges are set at a level Su￿1clent to meet annual ovdieads but not the cost of significant
structural repairs or maintenance which are met out of the investment income of the Charity. The charges
were ullchanged from 2020121.
To maintain and iinprove the quality of ils hoiiies, th¢ Charity operates a planned continuous prograinme of
refurbishn]ent and rcdecoration for ils occupied homes and, when vacancies arise, t)kes the opportunity to
carry out siJnilar non-scheduled improvements as required. The common 8reas of the homes al Horne Street,

Wakefield Charities, Homes
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 MARCH 2022
its paths and stairea$es are kept cleai) by a contract cleaning coinpany. In addition, residents are encouraged
to report all necessary repairs to the Trustee.
Another aspect of the Charity's public bcn¢fit pc>licy is the provision of an annual sum up to £2,000 in total
for Ihe relief in need foi residents of Wakefield. In addition to "Christmas Gifts" of £30 each to the homes,
residents 131 MarLh 2021 £25 each), grants are inade as a 'last resort" and an0n￿nOus1Y as far as the
beneficiaries ar¢ roncemed, upon request from other charitable or public bodies such as the Citizcns Adviee
Bureau or Wakefield Metrowlilan District Council, where no other resour(Ys are available to individuals in
severe fmaiicial ii¢¢d. I'u ensure that tli¢ graiits ale used for th¢ purpose intendod they are made in the fom
of shop gift vouchers or a cheque inade payable to a reputabl¢ household supplier such as Argos or B&Q.
FUTURE PLANS
Oui. key objectives for the future are to Inaintain full occupancy of the almshouses and to continue our
programme of refurbishtnenl.
The Governors gratefully acknowledg¢ the work of the adminisirative and estaies staff of Wakefield
Grammar School Fouiidalion based at 158 Northgaie. This enables the Governors lo continue to fulfil the
aims and obj¢cts of Wakefield Charities, Homes, as they were envisaged by tlieir founders, willi￿ll Horne.
Major Barker and Di Caleb Crowtlicr so lon¥ agio.
AUDITORS
Saffery Champness LLP have expressed their willingness lo continuc in office as auditors for the next
financial year.
STATEMENT OF DISCLOSURE TO THE AUDITOR
So far as the Governors 8re aware, there is llo relevant audit inforniation of which the charity's auditors are
unaware. Additionally, the Governors have taken all the necessary steps that they ought to have taken as
Governors in order to make theInselves aware of all relevant audit infornation and to establish that the
ch8rily's auditor5 are aware of that infonnation.
Approved by the Trnstee on 29 September 2022
And signed on its behalf by
Mr S Chamberlaln
Chalr of Governors

Wakefield Charities, Homes
STATEMENf OF TRUSTEE'S RESPONSIBILITIES
The Trustee is responsible forpreparing the Trustee's Report and the financial slat¢m¢nts in accordan¢e with
applicable law and United Kingdom Accounting Standards (Unil¢d Kingdom Generally Accepted
Accounting Practice).
The law applicabl¢ to charities in England & Wales require5 the trustee to prepare financial 5taleinents for
each financial year whicl) give a true and fair view of the state of affairs of the charity and of the iiicoming
resources gnd application of resources of the charity for that period. In preparing these finaneial statements,
th¢ Trustee is required to..
select suitable ac¢ountiog policies and then apply them consistently,.
observ¢ th¢ mcthods and principles in the Charitits SORP (FRS102)'
make judgements and estimates that are reasonable and ptudent;
stsie wh¢th¢r applicable accounting standards have been followed, Subject to any material departures
disclosed and explained in the financial statements.
prepare the financial statement$ on the going concern basis unless il is inappropriate to presume that
the Charity will continu¢ in business.
The Trnstee is responsible for keqiing proper accounting records that disclose with reasonable accuracy at
any time the financial position of th¢ charity and enable than to ensure that the finaAcial statements coinply
with the Chariti¢s Act 2011, applicable accountingi regulati(>ns and the PTOVi8ions of the trusi deed. They
are also responsibl¢ for safeguarding the assets of the charity and hence for taking reasonable steps for the
preveniion and detection of fraud and other irregularitie8.
Th¢ Trust¢c is rcspoiisible for the inaintenance and integrity of the charity and financial inforn)ation included
on the charity's website. Legislation in the Unit¢d Kin&ydoJn goveming the preparation and dissemination
of financial statements may differ from legislation in other jurisdictions.
This report was approved by the Trustee on 29 S¢ptember 2022
Mr S Chamberlaln
Chair of Gove￿OrS

Wakefield Charities, Homes
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEE OF WAKEFIELD
CHARITIES, HOMES
Opinion
We havc audited the fin£incial stat￿llents of Wakefield Charities Hoilles for the year ended 31 Marcl) 2022
wliich coinprise the statement of financial aclivities, balance sheet and the cash flow stat￿nent, and iiotes to
the financial 5taleinenls, including significant a¢counting policies. The fin2nei21 reporting framewoA( that
has been applied in their preparation is applicable law and Uiiited Kingdoin Accounting Standards. including
Financial Reporting Standard 102. the Financial Reporting Standard applicable in the UK and R¢public of
Ireland (Unitcd Kingdorn Generally Accepted A¢counting Practice).
In our opinion the financial stateinents..
give a truc and fair view of the charity's slate of affaits as at 31 March 2022 and of its incoming
resources ar)d applic81ion of resources, including its income and expendsture, for the year then
ended..
have been properly prepar¢d in accordance with United Kingdom GeAerally Accepted Accounting
PractEce,' and
have been pr¢par¢d accordance with the Charities A¢t 2011.
Basis for opinion
We conduct¢d our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in th¢ Auditor's
responsibilities for the audit of the fiJiancig1 gtaiernenis section of our report. We are independent of the
charity in accordance with the ethical r¢quirements that are relevant to our &udil of the finaiicial statcments
in the UK including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibililies in
accordanc¢ with these requirement5. We believ¢ Ihal the Audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to golng concern
In auditing the financial statem¢nts, we have concluded that the trustees, use of the going COD¢¢rn basis of
accounting in the preparation of the financial statements is appropriat¢.
Based on the work we have performed, we have noi identified any material uncertainties relating to events
or Conditions thai, individually or coll¢ctiv¢ly, may c&st significant doubt on the charity's ability to continue
as a going concem for a period of at lcasl twelve months from when th¢ financial statements are authorised
for issue.
Our responsibilities and ihe responsibilities of the trusteas with respect to going wncem are described in the
relevant sections of this report.
Other Information
The truste&9 are responsible for the other infonnation. The other infonnation comprises the informatio
included in the annual report, other than the financial statements and our auditor's report thereon. Our
opinion on the financial statements does not cover the other inforniaiion and. except to the exlenl otherwise
¢xpli¢itly stated in our report, w¢ do not express any fonn of as5urbnce conclusion thereoT].
Our responsibility is to read the other infonnation an(L in doing so, consider whether the other inforn)ation
is matwially inconsistent witli the financial statements or our knowledbFe obiained in the ¢ours¢ of the audit
or otherwise appears to be materially missiated. If we identify su¢h maierial inconsistencies or apparent
material misstatements, we are required to deterniine whether this gives rise to a material misstatement in
the finan¢ial stateinents themselves. If, based on the work we hav¢ perfornied, we conclude that there is a
material misstat¢ment ofthis other inforn]ation w¢ are required to report tliat fact.
We have Dothing to report in this regard.
Matters on whieh we are required to report by exeeption
We have tjothing to report in respect of th¢ following inatters in rclation to which the Charities (A¢eounts
and Reports) Regulations 21)08 require us to report to you if, in our opinion..

Wakefield Charities, Homes
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 MARCH 2022
the infonnation given in the Trustees, Annual Report is inconsistent in any InateriAI respect with the
financial stalemenls; or
the charity has not kept sufficiet]t a¢¢ounting records; or
the financial stat¢Jnciits ar¢ not iii agreement with the accounting records ￿)d r¢turns' or
w¢ l?ave not received all tlie inforniation and explanaiions we r¢quire for our audit.
Responslbllltles of trustees
As explained mole fiilly in the Trustee5' R¢sponsibilities Statement set out on page 8, the trustees ar¢
responsible for the preparation of the financial statements and for being satisfied Ihal they give a true and
fair view, and for such intemal control as the trustees detemine is necessary to enable the preparation of
financial stateTncnls that are free froiT] material misslatemenl, whether due tth fraud or error.
In preparing the financial statements, the trustees are responsible for assessing thc charity's ability to
continu¢ as a going conccm, disclosingi as applicable, matters related to going coi)¢ern and usinb th¢ going
concern basis of accounting unless the trustees either intend to liquidate the charity or to cease op¢rations,
or have no realistic alternative to do so.
uditor's responslblllties for the audit of the financial statements
We have beeii appointed as auditors under the Charities A¢t 2011 and report in accordance with regulations
tnade under that Act.
Our objectives are lo obtain reasonable assuraTJee about whether the financial statements as a whole are free
froin material misslalement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a higli level of assurance. but is not a guarantee that an audit conducted in
accordance with ISAS {UKI will always d¢tect a Inaterial misslatemenl when it exists. Misstatements can
arise from fraud or error and are Lonsid¢r¢d inaterial if, individually or in the 2ggre&Fate. they could
reasonably be expected 10 influence the economic decisions of users taken on the basis of these financial
statements.
trregularities, including fraud, are instances of non-compliane¢ with laws und regulations. We design
procedure$ in IiT]e witl) our restK>n8ibilities. outlined above, lo deteet mat¢rial mi8Statemenls in respect of
irregularities. including fraud. The specific procedures for this engagcm¢iit and the extent to which these are
Capable of d¢tecting irregularities, including fraud are detailed below.
Identifying and assessing risks related to irregularities..
We assessed the susceptibility tsf the charity's financial statements to material misstatement and how fraud
might occur. including through discussions with the trustees, discussions within our audit team planning
meeting, updating our record of internal controls and ensuring these controls operated 85 intended. We
evaluated possibl¢ in¢entives and opportunities for fraudulent manipulation of the financial statements. W¢
identified laws and regulations that ar¢ of significance in the context of the charity by discussions with
trustees and updating our understaiiding of the sector in which the charity operates.
Laws and regulations of direct significance in the context of th¢ charity include the Charities Act 2011, the
Charities (Accounts and Repons) Regulations 2008 and guidance issued by the Charity Commission for
England and Wales.
Further the company is subje¢t to other laws and regulations where the consequenees of non-complianc¢
could have a material effect on 2rn0unt$ or disclosures in the financi1£ I statements,. through a 8ignificant fine,
litigation or restri¢tion5 On the group'8 operations. We identified the inost significant laws and regulations
to be Building and fire safety regulations, including the Housing Act 2004 (Housing Health and Safety
Rating Systein} and the Regulatory Reforni (Fire Safety) Order 2005.
Audit response to risks identified..
We considered the extent of coinpliance with these laws and regulations as part of our audit procedures on
the related financial sralement items including a review of financial statement disclosures. We reliewed the
charity's records of breach¢s of l)ws and regulations, minutes of meetings and correspondence with relevant
10

Wakefield Charities, Hoines
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEE OF WAKEFIELD
CHARITIES, HOMES
authorities to identify potential material missialements arising. We discuss¢d tlie charity's policies gild
procedur¢s for ¢ompliance with law8 and ￿gulat￿onS with members of InanabFement responsible for
coinpliance.
During the plani)inbY meeting with the audit tcain, the engagement partner dr¢w attention to the key areas
which might itjvolve non-coiiipliaiice with laws and regulalioiis or fraud. We enquired of mgnggcment
whether they wer¢ aware of any instances of non-¢ompliance with laws and regulations or knowledge of any
actual, suspected or alleged fraud. We addressed the risk of fraud through inanagement OVaTide of controls
by testing the appropriateness ofjournal ¢ntries and identifying anysignificant transactions that were unusual
or outside the nonJ)Al course of business. W¢ assessed whether judgemejits inade in making accounting
estimates gave rise to a possible indication of managjanenl bias. At Ilie ¢oinpletion stage of the audit, the
engageinent partner's review included ensuring thai the team had approacli¢d their work with appropriat¢
professiona5 sc¢pticisin and thus the capacity to identify non-compliance with laws and regulations and
fraud.
There are illher¢nt limitations in tlie audit proLedures described above and the Eurther rfflnovcd non-
compliance with laws and regulations is froin the events and transactions reflected in the financsal
statements. the l¢ss Iskely we would becomc aware of it. Also, the risk of not detecting a Inaterial
misstatement duc to fraud is higher thali the risk of not deiecting one resulting from error, as fraud Inay
involve deliberat¢ ooncealment by, for cxainple, forgery or intentional misrepresentations, or through
collusion.
A further description of our responsibilities 1$ availdble on the Financial R¢porting Council's websit¢ at:
www.frc.or .uklauditorsres
onsibilities. ll)is d¢seripfion forn)s part of our auditor's report.
Use of our report
This report is inade solely to the charity's tnjstees, as a body, in accordance with Part 4 of th¢ Charities
{Accounts and Reports) Regulations 2008. Our audit work has been undertaken so thal we might stat¢ to the
trustees those matters we are rquired to Stat¢ lo them in an auditor's report and for no other purpose. To the
fullest extent permilled by law, we do not accept or assume responsibility to anyone other than the charity
and tlie truste¢s as a body, for our audit work, for tliis report, or for the opinions we have fornied.
S,fvL]
LLe
Saffery Champness LLP
Mitre House
North PaTk Road
Harrogate
HG15RX
Chartered Accountants
Starutory Auditors
Date.. 30 September 2022
Saffery ChampD¢SS LLP is eligible to act as an allditor it] ternis of section 1212 of the Companies Act 2006

Wakefield Charities, Homes
INCOME AND EXPENDITURE ACCOUNT
For the year ended 31 March 2022
Note5
u￿r￿tricted Endowed R¢8tricted Total funds
funds
funds
funds
2022
Total funds
2021
lucome from".
Chariiabl¢ aciivilies
Investments
Other Incom¢
94,087
12,994
2,500
94,087
13,138
2,500
88,895
13,246
3,200
144
Total ineomlng resources
109,581
144
109,725
105,341
Expenditure on:
Raising funds
Charitable activities
5,760
5,760
5,908
110,194
136,875
136,875
116,102
Net loutgoingl incomiT2g fund5 fr()m
operations before inve51inent gains
(27,294)
(27,1501
{10,761)
Net gains/(losses) on investJnents
10
39,488
5,606
(377)
44.717
164,444
Net movement in funds
12.194
5,606
{2331
17,567
l53,683
Reconelllatfion of funds:
Fund balances brought fonvard
at l April 2021
2,219,741
48.038
6,345
2,274,124 2,119,157
Fund balances carried forward
at 31 Mareh 2022
14.15,16
2,231,935
53,644
6,112
2,291,691 2,274,124
Approved and authorised for I￿￿e by the Trustee on 29 September 2022 and s]￿ed on its behalf by..
Mrs H Massey
Chair of Wakefi¢ld Charities, Homes Comtnittee
Mr S Chamberlain
Chair of Governors
12

Wakefield Charities, Homes
BALANCE SHEET
31 March 2022
Noies
2022
2021
FIXED ASSETS
Tangible assets
1.081,558
1,101,687
Inv¢stm¢nt Properties
80,(X)O
80,000
Investments
10
936,333
922,552
TOTAL FIXED ASSETS
2,097,891
2,104.239
CURRENT ASSETS
Debtors
Cash at bank and in hand
11,435
234,618
11,966
211.279
12
246,053
223,245
CREDITORS.. ￿nOUntS falling due within one year
152,253)
153,3601
NET CURRENT ASSETS
193,800
169,885
TOTAL ASSETS LESS CURRENT LIABILITIES
2,291,691
2,274,124
CAPITAL AND RESERVES
Restricted reserv¢
Endowed funds
Designated reserves
Revenue reserve
Revaluation reserv¢
14
15
16
16
16
6,112
53,644
142,654
1,777,318
311.963
6.345
48,038
137,799
1.807.172
274,770
2,291,691
2,274,124
Approved and authorised for issue by the Trustee on 29 September 2022. and signed on its behalf by..
Mrs H Massey
Chair of Wakefield Chariti￿, Homes Committee
Mr S Chamberlain
Chair of Gov¢rnors
13

Wakefield Charities, Homes
ACCOUNTING POLICIES
For the year ended 31 March 2022
BASIS OF ACCOUNTING
These fLnancial statements have been prepared under the historical c05t convention, as modified by the
revaluation of inveslmenis and investrnenl properties, in accordance with Accounting and Reporting by
Charities.. Staiement of Recommended Practice applicable in the UK and Republic of Ireland (FRS 1021
(effective l JanLLary 2019) - (Charities SORP IFRS 102)), the Financial Reporting sil￿dard applicable in
the UK and Republic of Ireland IFRS 102) and th¢ Charities Act 2011.
Wakefield Charities, Homes m¢¢ls rh¢ definition of a public benefit entity under FRS 102.
GofNG CONCER
The financial statements have been prepared on a going con¢ern basi8. The Trustee has considered how the
Charity will meet the challenges pr&qented by rhe cu]Tent economic climate, including the impact of the
Covid-19 pandemic, and have concluded that tliey will not have significant impact. They have La￿led out
detailed review of the Chari(y's resources including the adequacy of working capital lor the next twelve
months. The Trustee is satisfied that the Charity h85 sufficient cash flows to meet its liabilities as they fall
due for at least one year from the dale of approval of these financial statements.
INCOME
In¢0￿e represents maintenance contributions and seTrice ch￿geS receivable net of loss¢$ arising from
vacanci¢s. Credit is taken for rental income as it falls due.
EXPENDITURE
Expendibjre is accrued tts soon as a liability is considered probable. Irrecoverdble vat is in¢ludd with the
itein of expend￿tU￿ to which it relat¢s.
SOCIAL HOUStNG GRANr
Social Housing Grants (SHG) were made by the Housing Coryoralion and were utilised to reduce the
amount of mortgage loan in respect of the Almshouses to thc amount which it was estimated could be
serviced by the net annual incorne of the scheme. The aTnount of SHG was calculated on the qualifying
costs of the scheme in accordance with instructions issu¢d from time to time by the Housing Corpo￿lI0n.
The grants wer¢ paid dirwl to th¢ lending authority and were reflected in the fU￿ne12[ statements of the
¢harity only when the payment was fftade and the mortgage loan reduced.
DEPRECIATION
Major components are treai¢d as 8¢parable agsets and depreciation is provided to write off the cost of all
relevani tangibl¢ fixed assets, less estimated residual value, over their expected useful economic lives or the
lives of the strncture to which they are related, if shorter, at the following annu81 rat¢s-
Structur¢
- 50 years
Ri)ofs
- 50 y￿arS
Heating system
- 25 years
Fire Alarnis
- 25 yeBrs
Kitchens
12 years
Bathrootll5
- 15 years
Air Conditioning
15 years
R4

Wakefield Charities, Homes
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 MARCH 2022
tNVESTMETrrrs
General inveSt￿entS are stated at mark¢1 value.
Investments held for the provision for extraordinary repairs coiisist of COIF income shares whicl) ar¢ stated
at market value at the balance sheet date.
Investillenl incoine is recognised on a rec¢ipt5 basis.
CYCLICAL MAtNTENANCE FUND
The cyclical inainlenance fund recognises the Charity's obligations to Tna?nlain its properti￿ in ao¢ord8nce
with th¢ planned programme of works.
ExfRAORDINARY REPAIR FUND
The purpose of the extraordinary repair fund is to allow for the future extraordinary r¢pair, improvenjent and
rebuilding of the homes.
RELIEF EN NEED RESERVE
As providcd in the reNised scheme of Mallagement dated 21 February 1989, after the proper discharg¢ of the
Charities, coininilments, the Governors shall apply the income of the Charity to the relief of need of re5Tdenls
in the district of Wakefield.
RESTRICFED FUND
The r￿trIcted fiJnd- Mrs Porter's- is d￿igned to make grants in the order of £200 per year to poor persons
recov¢rii)g? froin illness or accident.
ENDOWED FUND
This fvnd was bequeath¢d by Dr Caleb Crowther in 1838 for the founding of Almshouses for Dissenters
from the Church of England.
15

Wakefield Charities, Homes
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2022
I INCOME FROM CHARITABLE AcfiviTIES
2022
2021
Income from social housing lettings
94,087
88,895
INVESTMENT tNCOME
2022
2021
Gross investment income
Bank interest receivable
12,960
178
12,974
272
13.138
13,246
EXPENDITURE ON RAlStNG FUNDS
2022
2021
Inv¢stJn¢nt manag¢tnent f¢¢5
5.760
5,908
16

Wakefield Charities, Homes
NOTES TO THE FINANCIAL STATEMENTS
For tlie year ended 31 March 2022
4 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Provisiuii ofsocialliou.sing
Granls &
Tolal
2U22
Tolal
2021
Manage Senyic¢s
Repairs &
niL7ipiigNuiice
Estates costs
Repairs and maintenance
Service conlracrs and
corninunal facilities
Fuel charges
Insurance
Depreciation
Water charges
Propety charges
24,585
24,585
26,615
26,629
20,937
26,615
11,288
2,332
34.148
5,5.fj0
456
11,288
2,332
34,148
5,550
456
8,625
2,220
33,478
2,171
414
Audit and accountancy
Administrative expenses
Subscriptions
LEgal and professional
Bank interest and charges
Chrislmas gifts
Bad Debts
Other
3,912
9,029
2,956
3,912
9,029
2,956
7,331
66
930
3,822
4,840
3,162
1,020
137
825
831
1,083
7,331
66
930
1,917
1,917
15,897 80,389
24,585
9.314
930
110,194
Comparative figures for Year Ending 31 March 2021:
Provision ofsocial hvu5ing
Grunls &
doiialiuNs
Totul
2021
Total
202(J
Manage
Repairs & other
ment Services m¢7intep7ance
Estates co$ts
Repairs and Enaintenance
Service contracts and
cominunal faciliLi¢$
Fuel charges
Insurance
Depreciation..
Land and Buildings
Water charges
Property charges
26.629
26,629
25,884
20,937
8,625
2.220
20,937
8,625
2,220
9,981
11,633
2,023
33,478
2,171
414
33,478
2,171
414
33,278
4,442
200
17

Wakefield Charities, Homes
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 MARCH 2022
Provision ofsocial housing
Grdiits &
donations
Total
2021
Totul
2020
Manage
Repairs &
mep71 Service mainlenance
Other
Audit and accountancy
Adininislralive expenses
Subscriptions
Priiiting and advcrtising
L¢bF21 and professional
Bank interest and charges
Relief ID ne¢d
Christtnas gifts
Bad Debts
Other
3,822
4,840
3,162
3,822
4,840
3,162
3,722
4,840
486
716
1,206
128
1,020
137
1,020
137
825
825
831
1,083
875
872
236
831
1,083
11,824 67,845
26,629
3,071
825
110,194
100,522
Th¢ Hoines cotnprise 17 dwellings at Home Street, 4 dwtlliDgFs at Holmfield Avenue, 6 dwellings at Westfield
Road and 4 dwellings at George Street, all within the City of Wakefield.
All gran15 and donations were Inade to beneficiaries in the ￿rtheran¢e of the Charity's objectives.
4 ANALYSIS OF EXPENDITURE ON CHARrrABLE ACTtvtTIES
Governance costs included in other operating expenses:_
2022
2021
Audit and Accountancy
Legal and Profe&gional charges
3,912
3,822
1,020
3,912
4,842
NEf INCOME FOR THE YEAR
2022
2021
The surplus for the year is stated aft¢r charging..
Depreciation on tangible fixed assels
Auditors. remuneration
34.148
4,320
33,478
3,822
18

Wakefield Charities, Homes
NOTES TO THE FINANCIAL STATEMENrs
For the year ended 31 March 2022
ANALYSIS OF STAFF COSTS AND STAFF NUMBERS
There were no employ*s iii th¢ current or prior year.
GOVERNORS, AND KEY PERSONNEL EMOLUMENTS
The Govemors r¢c¢ived no emolumejits in th¢ year12021- Nil}.
None of th¢ T￿StetS lor any persons ¢onneeted with than) received any remuneration during th¢
year. Travel and subsistence exp¢nses ainounling lo £nil were reimbutsed lo the Trustees (2021.. £nil).
The Trustees did not provide any donated services during the y¢ar (2021.. £nil)
8 TAXATION
Wakefield Charities, Hoines is a registered charity and is exempt from any liability to taxation on its
charitable income and CApi121 gains.
9 FIXED ASSEfs- FREEHOLD HOUSING PROPERTIES
Cost
At31 Mawh 2021
Additions
1,391,958
14.019
At 31 March 2022
1,405,977
Accumulated d¢prwiation
Ai 31 March 2021
Charge for the year
290,271
34,148
At 31 March 2022
324.419
Net book values
At 31 March 2022
1,081,558
At 31 March 2021
1,101.687
At 31 March 2022 the charity owned and managed 31 units {2021.. 31 units) of housing accommodation.
18

Wakefield Charities, Homes
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2022
EXPENDITURE ON WORKS TO EXISTING PROPERTIES
2022
2021
Coinponents capilalised
Amounts charged to the in¢oine and ¢xpenditure account
14,019
24,585
2,554
26,629
38.6114
29,183
INVESTMENT PROPERTIES
Valuation
Ai 31 March 202I and 31 Nlarch 2022
80,000
Nel book value
At 31 March 2021 and 31 March 2022
80,OfX)
Investment properties represent a p2r¢el of land held on Westfield Road which is rented out by the
Chariry. The land was valued at £80,000 in 2016 by Hodsons Estate Agents Ltd. The Trustee believes
thai there has been i)0 significant ¢l)ang¢ in the value of the land at 31 Mawh 2022 and therefor¢ the
value tern2ins ￿]changed in these financial ststements.
10 FIXED ASSETS INVESTMEMrs
Unrestrict¢d Restricted Endowed
Total
Listed investments at market value
At l April 2021
Additions
Disposals
IncreasallDecrease) kn market Value in
year
869,161
49,904
(80,840)
39,488
5,353
48,038
922,552
49,904
{80,8401
44,717
(3771
5,606
At 31 March 2022
877,713
4,976
53.644
936,333
The historical cost of listed investments is £703,413 {2021.. £632,455).
Analysis of Investments
Unrestricted ReStr￿cl￿ Endowed
Total
Govemment stock
Charity deposits
Listed investments
88.071
248,317
541,325
88,071
306,937
541,325
4,976
53,644
877,713
4,976
53,&14
936,333
19

Wakefield Charities, Homes
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 Marcli 2022
The following individual investments constitute 5 /0 or more of the inarket valu¢ of the overall
investment portfolio..
COIF ineome units
COIF accumulation units
UK OTrlis
Arteinis Fund5
Vaiiguard Funds
Legg Mason Global Funds
167,448
75,603
52.839
59,376
67,101
47,459
469,826
There are no known material restrictions which might apply on the realisation of these units.
11 DEBTORS
2022
2021
Due withEn tsne year..
Other Dcbtors
11,435
11,966
11,435
11,966
12 CASH AT BANKAND IN HAND
2022
2021
Capital account- deposit
icomc account - current
Cash iii hand
117,439
117.179
134.616
76.659
234,618
211,279
13 CREDITORS- Amounts falling due within one year
2022
2021
Other ¢redilors
52,253
53,360
52,253
53,360
20

Wakefield Charities, Homes
NOTES TO"fHE FfNANCIAL STATEMENTS
For the year ended 31 March 2022
14 RESTIUCTED FUNDS Mrs Porter's Fund
2022
2021
Balan¢e 8131 March 2021
Incoming Resources
Investment {loss}
6,345
6,244
178
{771
1377)
Balance at 31 March 2022
6,112
6.345
15 ENDOWED FUNDS Dr Cal¢b Crowther
2022
2021
Balance ai 31 March 2021
Investment gain
48,038
5,606
38.628
9,410
Balance at 31 March 2022
53,644
48,038
Bequeathed by Dr Caleb Crowther in 1838 for th¢ founding of Almshouses for DI￿¢nterS from the
Church of England.
16 ANAYLSIS OF MOVEMEwr tN UNRESTRtCTED FUNDS
Balance 31 IneoTning Resources
Mur¢h 2021 r￿ourc¢S
expended
Investment
gains
Transfers
Bal£1nce 31
March 2022
Designated Funds
Extra-ordinary repairs
Cyclical maintenance
Relief in need reserv¢
68,871
55,476
13,452
16
13
2,295
,981
8,000
2.000
73,163
55,330
14,161
(8,159)
(1,291)
Desi￿ated Funds
l37,799
29
(9,450}
2295
11,981
142,654
General fijnd
Revaluation reserve
1,807.172
274,770
109,552 1127,425)
(11,9811
1.777,318
311,963
37,193
2,219,741
109,581
(136,8751
39,488
2,231,935
21

Wakefield Charities, Homes
NOTES TO THE FINANCIAL STATEMENTS
For the ye￿. ended 31 March 2022
Compat8tive figures for Year Ending 31 March 2021..
Balance 31 Incoming Resources
March resources
expended
Investment
gains
Trdnsfcrs
Balance 31
March 2021
2020
Designated Funds
Extra-ordiiiary repairs
Cyclical maintenance
Reliefin need reserve
55.620
55,679
11,452
45
37
14,092)
(8,240)
3,852
13.446
8,000
2.000
68,5171
55,476
13,452
Designated Funds
122,751
82
(12,332)
3.8.$2
23,446
137,799
Gcn¢ral fund
Rcvaluatson reserve
1,829,307
123,51
105,081 (103,770)
{23,446)
1,807,172
274,770
151,259
2,075,569
105.163 (116,102)
155,111
2,219,741
Designated Funds are held for tlic following purposes-
Extra_ordinary repairs fund - to allow for future extra-ordinary repair, improvement and rebuilding of
thc homes. Duting the year under r¢view an amount of £14,019 - all being coinpoiients capilalised as
assets and shown in note 9 - was transferted out of this fund and into the General Fund (l¢ss a yearly
transfer into the Extra-ordinary repair fund of £16k}.
Cyelical mAintenanee fLmd- to provide for those items of ordinary maintenance and Tepair of the homes
of th¢ Charily which recur at infrequent intervals.
The Trustee has considered futur¢ major expenditure on the almshouse buildings as well as the costs of
the planned Continuous prograinine of refurbishinent and redecoration, and an appropriate amount has
becn transferred from Revenue Reserves lo the Extra-ordinary Repairs Fund or the Cyclical Maintenance
Fund to allow for this expenditure.
Relief in ned rcserve- funds designated for the relief either generally or indEvidually of persons resident
in the district of Wakefield who are in conditioi)s of need, hardshtp or distress. Tlie transfer frorn Revenu¢
Reserves is set slightly above the minimum level as required under the Charity's Scheme of Managunent.
Revaluation reserve- funds repregenling the unrealised gains on unrestricted investment asseÈs.
22

Wakefield Charities, Homes
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2022
17 ANALYSIS OF NET ASSETS BEfwEEN FUNDS
Revenue Revaluation
reserve
reserve
Designated Endowed Restiiet¢d
nds
funds
reserve
Total
Tangible assets
Investments
Cash at bank and
in hand
Other net current
liabilities
,161.558
543,790
112,788
1,161,558
936,333
234.618
311,963
21,960
120.694
53,6M
4,976
1,136
{40,818)
{40,818)
Balance at 31
Mareh 2022
1,777,318
311,963
142,654
53,644
6,112 2,291.691
Coinparative figures for Year Ending 31 March 2021:
Revenue Revaluation
Designated Endowed Restricted
reserve
reserve ￿ndS
funds
reserve
TotRI
Tangible assets
1,181,687
1,181,687
922,552
211,279
Investments
Cash at bank and
in hand
Other net current
liabilities
574,726
92,153
274,770
19,665
118,134
48,038
5,353
992
{ 41,394)
{ 41,394)
Balancc at 31
March 2021
1.807,172
274,770
137,799
48,038
6,345 2,274,124
18 RELATED PARTY TRANSACTIONS
Under the Scheme of Managetnent of Wakefield Charities. Homes, the Ttustee of the charity is Wakefield
Gr￿ll￿ar School Foundation. In these circuinstances Wakefield Grammar School Foundation is regarded
as a related party of this charity.
During the ytrdr ended 31 March 2022 administration Servi￿ hav¢ b¢cn provided by Wakefield Grammar
School Foundation on an arni's length basis, with nwiagem¢DI ¢harges of £9,029 payable by Wakefield
Charities Homes (2021= £4,840).
Wakefield Ch8riti&' Hoines rents out at Westfield Road to be used as a sports field by Wakefield
Gratnmar School Foundation on an arjn's length basis at an annual charge to the Foundation of £2,500.
At the year-end there were amounts outstanding due from Wakefield Charities, Homes to Wakefield
Grammar School Foundation of £28,55112021.. £33,175).
23

Wakefield Charities, Homes
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 Mar¢li 2022
19 COMPAIi4TIVE FIGURES B Y FUND TYPE
Year ended 31 March 2021
Unrestricted Endowed Restricted
funds
fuT)ds
nds
Total funds
2021
Ineome from:
Charitable activities
Investments
Otlier IDcoin¢
88,895
13.068
3,200
88.895
13,246
3,200
178
TotAI incoming resources
105,163
178
105,341
Expenditure on:
Raising funds
Charitable activities
5,908
110.194
5,908
110,194
116,102
116.102
Net incoming funds froin
operations bcforc invcstment
gains
(10,939)
178
110,761)
Net gains on investments
155.111
9,410
(771
164,444
Net movement in funds
144.172
9,410
101
153,683
Reeonciliation of funds:
Fund Balance5 brought forward at
l April 2020
2,075,569
38,628
6,244
2.120.441
Fund balances carried fonward
t 31 Mareh 2021
2,219.741
48,038
6,345
2.274.124
24

Wakefield Charities, Homes
INCOME & EXPENDITURE ACCOUNT
For the year ended 31 March 2022
2022
2021
INCOME
Mainlenance contributions
Service charges receivable
LE88.' losses arising from vacancies
74.062
22,428
{2,403)
74.062
22,428
(7,595)
In¢onie
94,087
88,895
Other IDwm¢
2,500
3,200
Totsl Incoine
96,587
92,095
EXPENDITURE
Manageinenl expenses
Repairs and maintenance
Sernice costs
Other costs..
Printing, stationery 2nd advertising
Sundry
Bank ¢harges
Investment Managers, charges
Legal and Prof¢ssional charges
Christsngs gift5
Bad Debts
15,897
24.585
80,389
11.824
26.629
67.845
76
1,841
66
5,760
7,331
930
1,083
137
5,908
1,020
825
831
TOTAL EXPENDITURE
136,875
116,102
OPERATING {DEFICIT) FOR THE YEAR
{40,288)
(24,007)
OTHER INCOME
Gross investhient income
Bank interest receivable
12,960
178
12,974
272
NET {OUTGOtNG) FUNDS
(27,1501
(10,761}
This page does not fonn part of the sta￿l0ry financial statements.
25

Wakefield Charities, Homes
FIVE YEAR FINANCIAL SUMMARY
For the year ended 31 Marcli 2022
2022
2021
2020
2019
2018
NET INCOME
96.587
92,095
98,170
90,284
92,751
OPERATtNG COSTS
Services
Management
Day to day Inaintengnce
Cyclical maintenance
Extraordinary maintenance
Other costg
80,389
15,897
16,126
8,459
67,845
11.824
14,297
8,240
4,092
9,804
61,557
9,048
14,184
9,258
2,442
9,732
53,932
13,999
15,231
9,831
9.534
6.856
53,117
27,340
9,763
6,025
11,821
7.659
16,004
136,875
116,102 106,221
109,383
115,725
OPERATtNG (DEFICID / SURPLUS
(40,288)
13,138
(24,IX>71 (8,051) (19,099) (22,974)
13.246
15,271
14.430
18,081
Interest receivable and other incoine
(DEFICIT) I SURPLUS FOR THE YEAR
(27,150)
110,761)
7,220 { 4,6691 { 4,893)
Realised surplusl{defscitl on investments
Unrealised surpluslldeficit} oil investment
3,912
40.805
33,930
4,609
130,514 { 45,9831
17,619
27,460
{ 1,380)
2,356
TOTAL SURPLUSES I (DEFICITS)
17,567
1 $3,683 { 34,1541
40,410
1 3,917)
CAPITAL AND RESERVES
Restricted Reserve
Endowed funds
Designated reserves
Revenue reserve
Revaluation resetve
6,112
53,644
142,654
1,777,318
311,963
6,345
6,244
6,042
5,926
48,038
38.628
38,639
34.294
137,799
122.751
125,500
171.566
1,807,122 1,829.307 1,805,385 1,755.872
274.770
123,511
179,029
146,527
2,291,691
2,274,124 2.120,441 2,154.595 2.114,185
This page does not forni part of the stahjtory financial stateTnents.
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