Charity number.. 224417 THE ELLEN AND DOROTHY WILSON ALMSHOUSE CHARITY ANNUAL REPORT AND ACCOUNTS For the year 30 JUNE 2025 HPH, Chartered Accountants 54 Boolham YORK Y030 7XZ
THE ELLEN AND DOROTHY WILSON ALMSHOUSE CHARITY CONTENTS PAGE Trustees, Report 1to4 Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Finanal Statements 8 to16
THE ELLEN AND DOROTFfY WILSON ALMSHOUSE CHARrrY TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2025 The Trustees present their report and aceounls for the year ended 30 June 2025. LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES: K Atkinson N 8eilby G Holmes Rev G Mumford (ap[K)intl 11 August 2025) Prof J CoosEr lappcintefl 11 August 2025) L Gillam (appoin 11 August 2025) CHARITh REGISTRATION NUMBER. 224417 ADDRESS OF PRINCIPAL OFFICE.. Mulberry PM Ltd 5 High Petergale YORK Y01 7EN TELEPHONE NUMBER.. 01904 655200 ACCOUNTANTS. HPH, Chartered Accountants 54 Boolham YORK Y030 7XZ INDEPENDENT EXAMINER. Sarah Wearing, FCA DChA HPH, Chartered Accountants 54 Boolham YORK Y030 7XZ GOVERNING DOCUMENT The charity is constituted as a Trust under a governing document from the Charity Commission dated 12 July 2011 (amended 16th February 20211, which amalgamated two existing charities, the Dorothy Wilson Charity and the Ellen Wilson Hospital. APPOINTMENT OF TRUSTEES Trustees are appointed by the Parochial Church Counryl of St Lawren'S Church, York. There are to be a maximum of six Trustees, each appointed for a period of four years. A trustee must be a person residing or carrying on business in or near the area of benefit.
THE ELLEN AND DOROTHY WILSON ALMSHOUSE CHARrrY TRUSTEES, REPORT- CONTINUED FOR THE YEAR ENDED 30 JUNE 2025 ORGANISATIONAL STRUCTURE The Trustees aim to meet quarterly, or more frequently should the need arise. Day to day operational matters are dealt with by the Clerk advised by individual trustees. OBJECTIVES The Charity's objectives are.. The provision of almshouse accommodation for persons who are in conditions of need. hardship or distress, and who are disabled or aged 55 or over, and who have conneelions th the City of York and ils surrounding area. Such other charitable purposes for the benefit of residents as theTrustees decide. The land identified in part l of the schedule (known as The Ellen Wilson Cottages & Grounds) must be retained by the Trustees for use for the objects of the almshouse charity. ACTIVITIES The charity currently provides and maintains 6 almshouses suitable for single persons in Lawrence Street, York. They are known as the Ellen Wilson cottages. The Trustees consider that they have complied with their duty under Section 17151 of the Charities Act 2011 to have regard for the public benefit advice issued by the Charities Commission. RISK POLICY The Trustees formally review each year the potential risks (physical, financial and reputationall facing the charity, and the actions ne$sary to minimize or mitigate them. ACHIEVEMENTS AND PERFORMANCE The accommodation has been fully occupied. Residents are regularly consulted by represenlalives of Mulberry PM, our Clerk and property manager, who have dealt effectively with matters raised. Trustees have also visited residents in order lo keep in touch. Following substantial work in investigating possibilities wth respect to the development of the allolmenl land planning permission and listed building consent was applied for and has been granted lo construct a secure boundary between the almshouses and the allotment land ulilizing some redundant railings along the eastern boundary of the gardens. Plans have been drawn up lo revert the allotment land back to an allolmenl with provision for continued parking for residents. The plans have been tendered and it is hoped that the work will be completed in the next financial period. During the course of the year the almshouses have received regular maintenance and work to the established trees have taken place.
THE ELLEN AND DOROTHYWILSON ALMSHOUSE CHARITY TRUSTEES. REPORT- CONTINUED FOR THE YEAR ENDED 30 JUNE 2025 PLANS FOR THE FUTURE The Trustees will continue to maintain and improve the current almshouses and assist the benefiryaries to live with Independen and dignity. Following the negative responses from the City Planning Department with respect to constructing additional almshouses on the allolmenl land together with a lack of subslanlial funding lo do so the Iruslees are looking towards improving the allolmenl land by landscaping il and securing the boundary between the almshouses and the land and the entrance way into the land from the adIant churchyard. 11 is expected that this will be completed during the forthcoming year. This work will not rule out future construction should this become a possibility. The trustees are also looking al improving the pastoral care available lo the residents. FINANCIAL REVIEW The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document dated 12 July 2011 {amended 16 February 20211, the Charities Act 2011, and "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing accounts in accordan with the Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS 102)" las amended for accounting periods from 1 January 2016). Before a gain on revaluing the investment portfolio the charity incurred a net deficrt of £17,501 12024.. deficit £20,257), the whole of which was attributable to expenditure in respect of repairs to the cottages and land, and the additional depreciation charge. The consequence of the reduced deficit was to increase the Uleslgnated Fund, leaving a balance at the year-end of £23,01712024.. £8,736)- The balan on the Designated Unrestricted Fund was £341,424 (2024.. £363,758). With the adoption of the accounting policy lo depreryate property over 50 years, there has been a reduction in the Endowment Fund to £289, 100 (2024.. £295,000). The total funds amounted to £653,541 (2024.. £667,494.) Residents, weekly maintenance contributions were £101.20 per week payable every four weeks 12024.. £84). Investment income was £2,548 (2024.. £2.5701. At the year end the Charity had investments valued at £160,65212024.' £157,104). In addition, the Charity had cash at the bank of£9,861 (2024.. £10,489). ReseThes olic It is the policy of the Charrty that unrestricted funds which have not been designated fora specific use should be maintained at a level equivalent to between three and six months expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration may be given lo ways in which additional funds may be raised. This level of reserves has been maintained throughout the
THE ELLEN AND DOROTHYWILSON ALMSHOUSE CHARITY TRUSTEES, REPORT- CONTINUED FOR THE YEAR ENDED 30 JUNE 2025 sTATEmEr OF RESPONSIBILITIES OF THE TRUSTEES Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the Charity as at the end of the financial year and of the surplus or deficit of the Charity for that perilxl. In preparing those financial statements the Iruslees are required lo.. select suitable accounting policies and then apply them eonsistenlly., make judgments and estimates that are reasonable and prudent", prepare the financial slalements on the going concern basis unless il is inappropriate to presume that the Charity will continue in business. The Iruslees are responsible for keeping proper accounting records which disclose wlh reasonable accuracy at any lime the financial position of the Charity and enable them to ensure that the financial statements comply with applicable law. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The report was approved by the Trustees on 17 March 2026 and signed on their behalf by.. Nicholas Beilby Trustee
THE ELLEN AND DOROTHY WILSON ALMSHOUSE CHARITY Independent examiner's report to the trustees I report to the trustees on my examination of the accounts of The Ellen an Wilson Dorothy Almshouse Charity forthe year ended 30 June 2025. This report is made solely to the charity's Irustees, as a body, in accordance wrth section 154 of the Charities Act 2011. My independent examinerfs work has been undertaken so that I might state to the charity's trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone other than the charity, the charity's members as a body and the charity's trustees as a body for my independent examiner's work, for this report, or for the opinions I have formed. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordan with the requirements of the Chanties Act 2011 ('the Act'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515){b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no malerial matters have come lo my attention in connection with the examination giving me cause to believe that in any material respect.. 1. accounting records were nol kept in respect of the Trust as required by section 130 of the Act., or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirements concerning the forni and content 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 reached. HPH, Chartered Accountants 54 Bootham YORK Y030 7XZ Sarah Wearing, FCA, DChA 17 March 2026
THE ELLEN AND DOROTHY WILSON ALMSHOUSE CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025 Unrestricted Endowment funds Funds 2025 Total 2024 Total Income from: Charitable activities Investment income 33,767 2,548 33,767 2,548 27,953 2,570 Total incom 36,315 36,315 30,523 Expenditure on: Charitsbl& a¢tivitiOS Almshouse 47,916 5,900 53,816 50,780 Total expendlturg 47,916 5,900 53.816 50,780 Net movement in funds before gainsl{lo$se$} on investments 111,6011 15,9001 {17,5011 120.2571 Net gainslllossesl on investments 3,548 3,548 13,871 Net movement in funds before transfgrs 18,0531 15.9001 {13,9531 16.3861 Transfers between funds Nat movemont in funds 18,0531 15,9001 (13,9531 16,3861 Reconciliation of funds- Totsl funds bioughl forward 372,494 295,000 667,494 673,880 Total funds carrled fomard 364,441 289,100 653,541 667.494 The notes on pages 8 to 16 form part of these accounts.
THE ELLEN AND DOROTHY WILSON ALMSHOUSE CHARITY BALANCE SHEET AT 30 JUNE 2025 nrestrictgd Endowment funds Funds 2025 Total 2024 Total Fixed Assets Tangible assets Investments 2D2.521 160,652 289,100 491,621 160.652 501,654 157,104 Totsl fixed a$sgts 363.173 289,100 652,273 658,758 Current assets Debtors Cash al bank and in hand 10 1,456 9,861 1,456 9,861 881 10,489 Total current assets 11,317 11,317 11,370 Current liabilities Creditors.. amounts falling due within one year 11 10,049 10,049 2,634 Net cuffent assets 1,268 1.268 8.736 Total assets less cuffent liabilities 364,441 289,100 653,541 667,494 364,441 289,100 653,541 667,494 Funds ofthe Charfty Unrestricted funds.. Designated funds Undesignaled funds Endowment funds 12 12 12 341,424 23,017 341,424 23.017 289,100 363,758 8.736 295,000 289,100 Total funds 364,441 289,100 653,541 667,494 The notes on pages 8 10 16 form part of these accounts. Approved by the Trustees on 17 March 2026 and signed on its behalf by.. Rev Geoffrey Mumford Tmste Nicholas Beilby Tnjstee
THE ELLEN AND DOROTHY WILSON ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 1. ACCOUNTING POLICIES 1.1 Legal entity The Ellen & Dorothy Wilson Almshouse Charity is a a charity registered with the charity commission, No. 224417. The charity was first established by a charitable trust deed on 27th May 1963 underthe name 'Dorothy Wilson's Charity,. On 12th July 2011 a new governing document was issued under guidance from the charity commission which included the amalgamation of the charity named 'Ellen Wilson's Hospital,. The charity's new name is 'The Ellen 2nd Dorothy Wlson Almshouse Charity, and the two charities are to be administered in accordance with this scheme as one charity. The Ellen & Dorothy Wilson Almshouse Charity meets the definition of a public benefit entity under FRS 102. The principal pla of business is clo Mulberry ppm,5 High Pelergate, York, Y017EN. 1.2 Basis of preparation The financial statements have been prepared in accordance with the charity's goveming document, the Charities Act 2011 and Accounting and Reporting by Charities." Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial ReFX)rting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effeclive 1 January 20191" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charrties applying FRS 102 Update Bullet in 1 notto prepare a Statement of Cash Flows. The financial statements have departed from the Charities {Accounls and Reports) Regulations 2008 only lo the extent required lo provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred lo in the Regulations but which has Sin been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts inthese financial statements arerounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include rtain financial instruments atfair value. The principal accounting policies adopted are set out below. 1.3 Going concern At the time of approving the financial slatemenls, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Iruslees continue to adopt the going concern basis of accounting in preparing the financial statements.
THE ELLEN AND DOROTHY WILSON ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 30 JUNE 2025 1.4 Charitable funds Unrestrirted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Funds to provide for extraordinary repairs and cyclical maintenance to the Charity's property have been established by annual allocations from the Unreslricled Fund and are fully disclosed In note 12. Surplus funds are invested and realised as ne$sary lo meet the cost of repair works. Restricted funds are subject to specific conditions by donors as to how they may used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.5 Income Income is recognised when the charity is legally entitled to it after any perf0rrnan Conditions have been met, the amounts can be measured reliably, and it Is probable that income will be received. Cash donations are recognised on receipt. other donations are recognised once the charity has been notified of the donation, unless performan conditions require deferral of the amount. Income lax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised al the lime of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is Irealed as a contingent asset. Contributions from residents are recognised when dLJe to the trust. Investment income from dividends is recognised when receivable. 1.6 Expenditurg Expenditure is recognised when invoiced lo the trust. Support costs include central functions and have been allocated lo activity cost categories on a basis consistent with the use of resources, eg. allocating propety costs by floor areas, or per capila, staff costs by lime spent and other costs by their usage. 1.7 Tangible fixed assets Tangible fixed assets are measured at cost subject to valuation. Depreciation Fx)licy: Land and buildings 50 Years straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net incomellexpenditure) for the year.
THE ELLEN AND DOROTHY WILSON ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 30 JUNE 2025 1.8 Investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measLJred at fair value al each reporting dale. Changes in fair value are recognised in net incomellexpendilurel for the year. Transaction costs are expensed as incurred. 1.9 Impairment of fixod assets At each reporting end dale, the charity reviews the carrying amounts of ils tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order lo determine the exient of the impairment loss lif any). 1.10 Cash and cash equivalents Cash 8nd cash equivalents include cash in hand, deposits held atcall with banks, other short-tem liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.11 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the netamounts presented in the financial statements, when there is a legally enforable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simuttaneously. 1.12 Current assets Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. 1.13 Current liabilities Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. 2. ACCOUNTING ESTIMATES AND JUDGEMENTS In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The eslimales and undedying assumptions are vieWed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 10
THE ELLEN AND DOROTHY WILSON ALMSHOUSE CHARITY NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 30 JUNE 2025 2 Income- Charitable A¢tivitie8 Unrestricted Endowmont Funds Funds 2025 2024 Residents contributions Other 33,267 500 33,267 500 26,953 1,000 33,767 33,767 27,953 In 2025 £nil related lo designated funds12024'. £500.) 3 Income- Investment income UnrgStri¢tgd Endowmgnl Funds Funds 2025 2024 Income come UK listed investments 2,548 2,548 2,570 2,548 2.$48 2,570 In 2025 £2,448 related lo designated funds12024'. £2,417.) 4 Expenditure - Charitable Activities l Almshouses) Unrestricted Endowment Funds Fund8 2025 2024 Managing agents Insurances Property repairs and maintenance Estate upkeep and management Subscriptions Legal and professional fees Accountancy Independent examination Major repair works Depreciation Debt debts 5,095 1,115 4,514 5,184 353 35 1,286 900 24,197 4,133 1,104 5,095 1,115 4,514 5,184 353 35 1,286 900 24,197 10,033 1,104 5,527 1,081 9,580 7,494 50 1,307 545 22,994 5,900 1,362 47,916 S.900 53.816 50,780 In 2025 £24,197 related lo designated funds12024. £22,994.)
THE ELLEN AND DOROTHY WILSON ALMSHOUSE CHARITY NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 30 JUNE 2025 5 Trustees None of the Iruslees lor any persons connected with them) received any remuneration or benefits from the charity during the year other than those noted below. Insurance cover is taken out by the trust lo cover the trustees from any liabilities in the event of any genuine mistakes made during their stewardship. 6 Employees The Charity had no employees during the year12024'. nil) The key management personnel of the Charity are the Trustees. The remuneration received by the key management personnel was £nil12024'. £nill. 7 Related party transactions There were no related paty transactions during the year12024'. none). 8 Tangible fixed assets Land and buildings Totsl Costlvaluation At 1 July 2024 and 30 June 2025 501,654 501,654 Net Book Amounts At At 1 July 2024 Charge for year 10,033 10,033 At 30 June 2025 10,033 10,033 At 30 June 2025 £491,621 £491,621 At 30 June 2024 £ 501,654 £ 501,654 The buildings known as The Ellen Wilson Cottages. Lawrence Street. York and land at the same address, were bequest to the trust on the amalgamation of Dorothy Wilson's Charity and Ellen Wilson's Hospital. The cottages and land can only be used as almshouses for the accommodation of residents in furtherance of the charity's objects. The building, which comprises 6 dwellings, and grounds, valued by Hunters surveyors on 12th February 2013 in their fully refurbished state at £450,000, has no historic cost and is represented in the balance shèet by the proportion of the valuation prior lo the expenditure on their subsequent refurbishment. 11 is the Charty's practice lo maintain this asset in a continual 51ale of sound repair and lo make improvements thereto from lime lo time and accordingly the Trustees consider that their value is not impaired by the passage of time. 12
THE ELLEN AND DOROTHY WILSON ALMSHOUSE CHARITY NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 30 JUNE 2025 9 Investments Listed Sgcurities Valuation At 1 July 2024 Additions Disposals Revaluation 157,104 3,548 At 30 June 2025 160,652 Historical cost of investments £110,14512024.. £110,145) Investment8 at market value comprise- Unrestrfctod Endowment Funds Funds 2025 2024 M & G Charity Mulli-Assel Fund- 60,432 Income Units M & G Charity Multi-Asset Fund- 368.849 Accumulation Units COIF Charities Investrnenl Fund - 221.52 Accumulation Units 57,755 S7,755 56,286 46,868 46,868 43,741 56,029 S6,029 57,077 160,652 160.652 157,104 Investments are held to generate inwme for the charity and include money set aside for cyclical maintenance and extraordinary repairs. 10 Debtor8 Analysis of debtors all falling due within one year Unrestricted Endowment Funds Funds 2024 2023 Trade debtors Prepayments & accrued Income 405 1,051 405 1.051 881 1,4S6 881 In 2024, all debtors related lo unrestricted funds. 13
THE ELLEN AND DOROTHY WILSON ALMSHOUSE CHARITY NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 30 JUNE 2025 11 Creditors Analysis of debtors all falling due within one year Unrestricted Endowment Funds Funds 2025 2024 Trade creditors Accruals & deferred income 7,317 2.732 7,317 2,732 1,702 932 10,049 10,049 2,634 In 2024, all creditors related to unreslricled funds. 12 Funds Funds at 1 July 2024 Funds at 30June 2025 Income Expenditure Transfers inlout Gains Unrestricted funds Undesi naled 8,736 33,867 119,5861 23,017 nated Cyclical and routine maintenance fund Extraordinary repair fund Fixed Asset refurbishment fund 100,818 421 101.239 56,286 2,448 124,1971 3,127 37,664 206,654 14,1331 202,521 363,758 2,448 128,3301 3,548 341,424 Total unreslricled funds 372,494 36,315 147.916) 3.548 364,441 Restricted funds Pemanent endowments 6 Almshouse Cottages, Lawrence Street, York Land, Lawrence Street. York 270,000 15,4001 264,600 25,000 15001 24.500 295,000 15,9001 289.100 Total funds 667,494 36,315 153.816) 3.548 653,541 14
THE ELLEN AND DOROTHY WILSON ALMSHOUSE CHARITY NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 30 JUNE 2025 12 Funds - continued Previous year Fund8 at 1 July 2023 FuTrd8 at 30June 2024 Income Expenditure Tran$fgrs inlout Gainsl {losses Unrestricted funds Undesi nated 33,733 27,606 127,7861 124,817} 8,736 nated Cyclical and routine maintenance fund Extraordinary repair fund Fixed Asset refurbishment fund 108,864 18,0461 100,818 29,629 2,917 122,9941 32,863 13,871 56,286 206,654 206,654 345,147 2,917 122,9941 24.817 13,871 363.758 Total unreslricled funds 378.880 30,523 150,7801 13,871 372,494 Restricted funds Pem?anenf endowments 6 Almshouse Cottages, Land, Lawrence Street. 270,000 25,000 270.000 25,000 295,000 295,000 Total funds 673,880 30,523 150,7801 13,871 667,494 Permanent endowments The 6 cottages known as The Ellen Wilson Cottages (formerly Ellen Wilson's Hospital) and land adjacent to the cottages were obtsined by the trust on the am8lgam8tion of Ellen Wilson's Hospitsl wth the trust on 12 July 2011. The trustees obtained a valuation of the collages in their refurbished slate, on an open market basis, undettsken by Hunters Surveyors as of 12 February 2013 of £450,000. The land allached to the cottages was valued by the trustees at £25,aOO. The governing document states the properties can be used only as almshouses for the accommodation of residents in furtheran of the charity's objects. Designated funds The transfers to the designated funds are in accordance with the provisions of the governing document which requires the charity lo maintain an extraordinary repair fund to be used for extraordinary repairs and the improvement or rebuilding of the homes of the charity, and a cyclical Maintenan fund which is lo be used for ordinary repairs and maintenance of the charity's properties. The amounts transferred to the funds are in accordance with the recommendations of the National Almshouse Association. 15
THE ELLEN AND DOROTHY WILSON ALMSHOUSE CHARITY NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 30 JUNE 2025 13 Ngt assets by fund Undesignated Designated Endowment Funds Funds Funds Total Fund$ Current year Tangible Fixed Assets Investments Current Assets Current Liabilities 202,521 160,652 121,7491 289,100 491,621 160,652 11,317 110,0491 33,066 110,0491 At 30 June 2025 £ 23,017 £ 341,424 £289,100 £ 653,541 Undgsignated Designated Endowment Funds Funds Funds Totsl Funds Comparative year Tangible Fixed Assets Investments Current Assets Current Liabilities 206,654 157,104 295.000 501,654 157,104 11,370 12,634} 11,370 12.6341 At 30 June 2024 £ 8,736 £ 363,758 £ 295,000 £ 667,494 16