CATHERINE WALKER ALMSHOUSES
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31ST DECEMBER, 2023
Housing Corporation No: A4430
Registered Charity No: 230124

CATHERINE WALKER ALMSHOUSES
CONTENTS
PAGE
Board Report
Independent Audltor s Report
statement of Comprehenslve Income
{I￿lUdIng Income & Expendlture Account)
8alance Sheet
Statement of Changes In Reserves
Notes to the Finanaal Statements
8-12

CATHERINE WALKER ALMSHOUSES
BOARD REPORT
FOR THE YEAR ENDED 31ST DECEMBEIL 2023
Res
oftheB
Housing Association and Charlty leglsl8tion require Tnjstees to prepare Finandal Statements for each finandal
year, which glve a true and falr view of the state of affairs of the Charity as at the end of the financial year
and of the surplus or deficit for that perfod. In preparing the Rnancial Statements, suitable accounting policies
have been adopted and con5islently applled, to the best of the Trustee5' knowledge and belief, by referen
to reasoiiable and prudent judgements and esllmates. Applicable accounNng standards have been follo)wed.
The Tr￿SteeS are responslble for malntainlng adequate accountlng records, for Safeguarding the assets of the
Charity an
d for preventlng and deteCtIr￿ fraud and other irregularltles. The Trustees are also requlred to indicate where
the Finandal Statements are prepared other than on the basis that the charityls a golng Corn￿rn. The Trustees
have h6d due regard lo the guidan￿ published by the Charities Commlsslon in respett of publlc benefit.
The truste￿ of the Charity regularly review the Charity's flnances to determlne the minimum amount of
reserves required for the day to day management of the Charity in order to provide for the future. Any amournts
over and above this minimum are invested back Into the Charity in the furtherance of its objecttves sel out In
its Scheme.
The Charlty Is required to work within the parameters of Its kheme in respect of how ènd where it can recwit
new Trustees. As part of the Management Agreement between the Almshou* and Green square Accord, one
of the servlces GSA proiades is advice èr5d support to ensure the Charib/s adherence to its conststuting Trust
Deed and Sd)eme. Thls includes training and admlnlstrauve support in appolntment of New trustees.
Revlew of o
erations
The charltyls Constituted under a scheme dated 22 October 1897, a scheme dated 22 Aprll 1910 a￿1 8 May
1925 as varied by order dated 20 September 1935 ènd a scheme dated 4 October 2004. The Charity's objerts
are the provislon of housing accommodation for beneficiaries and such charitable purposes for the residents
as the tnjstees decide.
The Charity owns slx Almshouses, sltuated at Buckley House, Cartmel House atKI, Tibbets House, Aldrldge.
The Charity Is registered wlth The Charity Commlssloners for England and Wales {Number: 230124), and wlth
the Homes and Communities Agency (NLJmber.' A4430). It Is governed by the ChaAty ComtniS5ioners for
England and Wale5 scheme dated 4 October 2004,
The day-to-dèy management and admlnlstrauon of the Almshouses Is carried out by Greerb Square Accord
Houslng Associabon Limited and overseen by the Board who meet on a quarterly basis. The Board con515ts of
the Trustees of the Charity.
The performan￿ of the Charlty is as dlsc105ed in the financial statements on pages 5-12.
The Trustees conslder that the charlty Is In a sound financlal posltion at the year-end.
DISCLOSURE OF INFORMATION TO AUDITORS
So far as the Trustees are aware there is no relevant audit information of whlch the charfty's auditors are
unaware, and each trustee h3s taken all steps that he or she ought to have taken as a Trustee in order to
make himself or herself aware of any relevant audit Information and to establish that the charity s audllors ar
aware of that ir)formatlon
The Trustees who have served the Charity during the year are as follows'.-
Mrs M Main
Miss Charfotte Holmes
Kesih Sears
Paul Putterglll
Rev Stephen Dod
Ms Pauline Wllson
For and on behalf of the Board
Date

CATHERINE WALKER ALMSHOUSES
INDEPENDENT AUDITOR'S REPORT
TO THE BOARD OF CATHERINE WALKER ALMSHOUSES
Opinion
We have audited tl)e financial ststements of Catherine Walker Almshouses (the 'associaUon? for the year
ended 31 De￿mber 2023 whlch comprise of a statement of comprehenslve Income, a balanTr sheet and notes
to the financial statements, induding a summary of slgnif(cant accounting policles. The financial reporting
fr(Jmework that has been applled in their preparation is applicable law and United Kingdom Accounting
Standard5, including Flnanclal Reportlng Standard 102 The FinBnc/alReFothng Standard applicable In the UK
nd Republlc ofIre/and(United Kingdom Gefftrally AC￿pted Accounting Practice).
In our opinion the financial statements..
glve a and fair vlew of the state of the assoclalion 5 affairs as at 31st December 2023, and of its
Incoming resources and applica￿On of resource5, Includlng its Income and expenditure, for the year then
ended,.
have beer) properly prepared in accordan￿ with United Klngdom Generally A￿pted Accounyng Practsce,.
and
have been prepared In accordan￿ with the requlrements of the CharitTes Art 2011, the Housing and
Regenerèllon Att 2008 and the Accounung D1￿ctIOn for private registered providers of soclal houslng In
England 2022.
Basis for opinion
We conducted our audlt In accordanTr wlth International Sl8ndards on Audltlng (UK) {ISAs (UK)) and
pplicable law. Our responsibillUe5 under those standards are further described in the Auditor's responsibilittes
for the audit of the financlal statements section of our rep¢Jrt. We are Independent of the assoclation in
accordance ivilh the ethical requlrements that are relevant to our audlt of the financlal statements In the UK,
includlng the FRC'S Ettiical Standard, and we have fulfilled our other ethical responslbillties In accordanTr with
these requirements. We believe that the audit evidence we have obtained is suffiaent and approprtate to
provide a basis for our oplnlon.
Concluslons relating to going concern
In auditing the financlal 5tatement5, we have conduded thèt the board's use of the golng Con￿r￿ basis of
accounting In the preparatton of the financlal statements is approprlate.
Based on the work we have perforrned, we have not Identified any matellal uncertalnties relating to events or
Conditions that, Individually or collectsvely, may cast slgnificant doubt on the assoclation's ability to contlnue
s a going concern for a period of at least t¥velve months from when the financial statements are aulhortzed
for Issue.
Our responslbllities and the responslbilides of the board with respert to golng concern are descrlbed In the
relevant sections of this report.
other information
The other Informab'on comprises the Infom)ation induded In the board report, other than the finandal
statement5 and our audltor 5 report thereon. The board are r￿ponSIble for the other Informatlon contained
within the board report. Our opinion on the financlal statements does not cover the other Information arxl,
except to the ekent otherwise expliady stated in our report, we do not express any form of assurance
concluslon thereon.
Our responsibility is to read the other InfOrMa￿On and, In doing so, consider whether the other informallon Is
materially inconslstent with the financial statements or our knowledge oblalned Sn the course of the audlt, or
otherwise appears lo be materially misstated. If we idendfy such rnaterial inconslstencles or apparent material
mlsstatements, we are required to determine whether this gives rise to a material mlsstatement in the financial
statemei?ts themselves, If, based on the work we have performed, we condLtde that there is a materlal
mlsstatement of thls other Information, we are requlred to report that fart.
We have nothlng to report in this regard.

CATHERINE WALKER ALMSHOUSES
INDEPENDENT AUDITOR'S REPORT
TO THE BOARD OF CATHERINE WALKERALMSHOUSES
Matters on which we are required to report by ex￿ptIOn
We have nolhlng to report in respert of the followlng matters in relation to whith the Charitles (Accounts and
Report5) Regulatlolls 2008 requlre us to report to you If, In our opinion:
the Informatlon glven In the flnanaal statements is Inconslstent in any materlal respect wlth the board
report- or
sufficie￿t accounting records have not been kept. or
the financial statements are not in agreement with the accoLFnbng records,. or
we have not reTrived all the information and explanations we require for our audlt.
In addlllon, we have nothing to report In respect of the following matter where the Houslng and Regeneratlon
Act 2008 requlres u5 to report to you if, In our opinion..
satisfactory system of control over transactlons has not been malntained.
Responsibilities of the board
As explained niore fully in the board 5 responsibilities statement [set out on page 1], the board members (who
are also the trustees of the assodation for the purt)ose5 of charity lawl are responsible for the preparatlon of
the financial Statements and for beSng sats'sfied that they give a true and fair vlew, and for such Internal contml
a5 the board determlne 15 ne￿ssary to enable the preparation of ftnancial statements that are free from
material misstatement, whether due to fraud or error.
In preparing the financlèl statements, the board is responsible for assesslng the assotiaVoTr's abllity to contTnue
as a golng concern, dlsclosing, as applicable, matters rdated to golng con￿rn 8nd using the going cOn￿rn
basis of accounting unless the board elther Intends to liquidate the association or to cease operatlons, or has
no realisllc alternatlve to do 50.
Auditoffs responsibilities for the audit of the financial statements
Our objertive5 are to obtain reasonable assurance aboLtrt whether the financial statements as a whole are free
from material mlsslatement, whether due to froud or error, and to Issue an auditor s report that inclLKles OL]r
oplnlor). Reason3ble assuran￿ Is a high level of assuran￿, but Is not a guarantee that an audit conducted In
accordance wlth ESAS (UK) will always detect a material misstatement when it exists. Misstatements can arlse
from frèud or error 8nd are cor>5idered m8terlal if, irKlividually or in the aggregate, they could reasona1￿Y be
expetted to Influence the economic decisions of users taken on the basis of these financlal statements.
We Tr￿ve been appolnted as audltor under section 1441 Df the Charftles Act 2011 and sectlon 136 of the
Housing and Regeneravon Art 2008 arKI report In accordan￿ with regulations made under sectlon 154 of the
Charities Act 2011 and secUon 137 of the Houslng and Regeneradon Ad 2008.
The specific prO￿dureS for thls engagement and the extent to whlch these are capable of deteckn'ng
irregularitles, includlng fraud Is detalled below..
In Identifying and assessing risks of material misstatement in respett of IrregulaAiles, including fraud and
non-compliance with laws and regulations, we considered the followlng,,
the nature of the sector, control environment and bu51ness performan￿,.
enquiries of management about thelr identlficauon and assessment of the rlsks of Irregularities,.
any matters we Identified having reviewed the associations procedure5 for complying with laws ar
regulatlons and whether they were aware of any instances of ncin-compliance, and any attual,
Suspected or alleged fraud. The key IBWS and regulations we considered in this context Included the
Charitie5 Art 2011, and the Housing and Regeneration Act 20D8.
Our procedures to respond to risks Identtfled Induded the following,.

CATHERINE WALKER ALMSHOUSES
INDEPENDENT AUDITOR'S REPORT
TO THE BOARD OF CATHERINE WALKER ALMSHOUSES
reifjewlng the flnandal statement dlsdosures and testing to 5UPPOrtino documentation,.
enquirlng of management concerning potentlal Iltlgatlon and claims.
performlng analsrtical procedures to Identlfy any unusual or unexpected relallonships that may Sndlcate
risks of material misstatement due to fraud.
testlng the appropriateness of Journal entries and other adjustments, assessing whether accountlng
estimates We￿ indicative of a potential bias, and evaluating any significant transactions that were
unusual or outslde the normal course of buslness.
We a150 remalned alert to any Indications of fraud or non-complian￿ wlth laws and regulations throughout
the audit.
Because of the Inherent Ilmltations of an audit, there Is a risk that we will not detect all irregularities,
Includlng those leading to a material misstatement the financial statemenis or non-complian￿ with
gulatlon. Thls ￿sk increases the more that compliartce with a law or regLJlation is removed from the
events and transactions refletted In the financial statements, as we will be less likely to become aware of
instan￿$ of non-compllance. The risk is also greater regarding irregularltles occurring due to fraud rather
than error, as fraud Involve5 intentional concealment, forgery, collusSon, omlssion or misrepresentatlon.
A further description Of our responslbllldes Is available on the Flnandal Reportlng Counal's webslte. Thls
descMption forms part of our A￿lIt0￿$ report.
Thls report Is made 501ely to the association's t)oard, as a body, In accordan￿ wlth Part 4 of the Cbarides
(Accounts and Reports) Regulattons 2008 and section 137 of the Houslng ancF Regeneratlon Art 2008, Our
aL￿1t work ha5 been undertakeri so that we mSght state to the associats'on's board those matters we are
required to state to them in an auditor's report and for no other purpose. To the ftjllest extent permltted by
law, we do not accept or asS￿me re5ponslblllty to anyone other than the association and the assoclatiDn s
board as a bodyi for our audit work, for thls report, or for the oplnlons we have formed.
¢4,Q L**
Nlcwin Audit Ltd
Chartered Accountant & StatLrtory Auditor
Churth Court
Stourbr(dge Road
Hale50wen
West Mldlands
B63 3rr
Date ?)(* Jef L W j

CATHERINE WALKER ALMSHOUSES
ststement of Comprehenslve Income (Indudlng Income and Expendlture Account)
for the year ended 31st December, 2023
Note
2023
2022
Turnover
33,830
33,236
Operating Costs:
Management
serv4￿5
Maintenan
Depreclalion induding loss on disposal
(9,850)
(5,775)
(1,384)
{9,777)
{6,022)
(35,657)
Operatlng Surplu$
12,165
(22,370)
Interest Receivable and Other Income
Interest Payable ènd Slmllar Charges
Movement on falr value of Investment5
1,362
(2,308)
274
(2,531)
142
Surplus on ordlnary activities before taxation
11,294
(24,769)
Tax on surplus
Surplusl{Deficit) for the year
li
(24,769)
Total Comprehenslve Income forthe year
(24,769}
The Flnandal Ststements were approved by the Trustee5 and Signed on behalf of the Board by:
Trustee
P4, 0,9.00-
Trustee
Date

CATHERINE WALKER ALMSHOUSES
Balan￿ Sheet
For the Year Ended 31st December, 2023
Note
2023
2022
FIXED ASSETS
HoLssing land and buildln9s (net of depreciabon)
437,403
438,035
Investments
io
441,878
442,435
CURRENT ASSETS
Debtors
Cash at Bank
li
13,541
523
1,030
76
61,064
82,796
CURRENT LEABILITIES
Credltors.. Amounts falling due within
one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
Creditors.. Amounts falllng due
after one year
13
{139,573)
(145,5871
NET ASSETS
CAPITAL AND RESERves
Revenue ReseNe
15
350,182
338,888
The Flnandal Statement5 were approved by the Trustees and signed on behalf of the Board by..
Trustee
Trustee
114d kpv 2ozP
Date

CATHERINE WALKER ALMSHOUSES
statement of Changes on Reserves
For the Year Ended 31st December, 2023
Note
Revenue
ReseNe
Revaluation
ReseNe
Total
At l January 2022
Total Comprehensive Income for 2022
At 31 December 2022
338 888
Total Comprehenslve Income for 2023
At 31 December 2023
350 182

CATHERINE WALKER ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBE￿ 2023
PRINCIPAL ACCOUNTING POLICIES
Catherlne Walker Almshouses Is established as an unincorporated charlty ￿r￿er Charities Art 2011
and Is a private registered promder of social hosing In the United Klngdom. The addresses of the
pla￿5 of business a￿ givèn In the review of operatl(>ns on Page l of these financlal statements. The
nature of the chariti￿ operatlons and princlpal acbvates are to provlde rellef for the persons in
hardship by the provision of Almshouse accommodation.
The Charity constr.￿lte5 a publlc benefit entity as defined by FRS 102.
The Flnandal statements have been prepared in accordanTr with applicable accounttng standards
Including Flnanclal Reporting Standards 102'The Flnanclal Reportlng Standards appllcable in the UK
and Republlc of Irel8nd' (FRS 102), the Statement Of Recommended Pradlce for Soclal Housing
Provlders 2018 (SORP 2018) and wllh the Accounting dlreclion for private registered provlders of
social houslng In England 2022. The Financial Statements are also prepared under the requirements
of the Housing ènd Regenoration Act 2008. The Financlal Statements have been prepored on a golng
concern basls under the historical cost conventlon, modified to include certaln items at falr value. The
nancial Statements are prepared In sterling, whlch is the lunctlonal currency of the charity.
The slgnlficènt accountlng polides applied In the preparauon of these financial statements are set out
below. Th￿e pollcies have been conslstendy applied to all years presented unless OtheNlse stzted.
(a)
Basis of Accounting
The Finanoal Statements are prepared on the historical cost basi5 Of accounting as n)odlfled
by the revaluation of certaln flxed assets.
Turnover
Turnover represents rents, and Service charges recelvable and amortlsatlon of grants
received.
(b)
(c)
Housing Propertie5
During the year end￿ 31 De￿mber 2018 Catherine Walker Almshc)use adopted full
component accounting in relation to the capilalisatfon and depreaation of ils housing propety
stock. Previously the Almshouse depreaated housing properties at a rale of 10/0 straight Ilne
on freehold buildings before deducting Social Housing Grant, From l January 2010 all houslng
propertie5 have been spllt beiween thelr land, structure costs and their major components
which require periodic replacement.
Refurbishment or replacement of such major
components Is capilalised arKI depredated over the eSti￿ted useful life of the component as
shown In the table below. Land is not depreciated.
Component
Estimated useful
life in
ears
125
20
30
20
35
Buildin
Kltchen
Bathroom
Boiler & Central Heatln
Windows & Doors
(d)
Government Grants
Government grants, including &Kial Housing Grants (SHG) which was recelved from the
Houslng Corporab'on in lespect of housing properlies, are recognlsed at the fair valLE of the
asset recelved or receivable and accounted for using the accrual tn(>del. They are recognised
as a liability and amortised over the useful economic life of the asset. The aM{￿bsatIon is
recogiiised witliln Turnover.

CATHERINE WALKER ALMSHOUSES
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER, 2023
(e)
Znvestments
Investments are stated at falr value, being market value at the balanTr sh￿t date.
(f)
Property Improvements
The Trustees have establlshed a regLtlar programme of cyclical repalrs and maintenance. If
Improvements to properbe5 are works, which result in an Increase In the net rental Income,
such as a reduth'on in future maintenance costs, or result In a slgnlficant extenslon of the
useful economic life or the property in the busnes5. All other major repairs expenditure Is
charged to the income and expenditure account for the year.
Value Added Tax
Catherlne Walker Almshouses is not registered for Value Added Tax. In these Financial
statements, where applicable, expenditure Is shown Incluslve of VAT.
Cash Flow Statement
Under FRS 102, the Charlty Is not reqLJired to pr(Kluce a Co5h Flow Statement.
(g)
(h)
2. TRUSTEES EMOLUMENTS
The Dlrectors are defined as the Trustee5. None of the Trustees re￿iVed any emoluments In the current
or preceding years.
3. EMPLOYEE INFORMATION
The Charity employs no staff.
4. TURNOVER
2023
2022
Rellt
Servlce Charge
Less.. Bèd Debt
Amorknsation of Government Grants
29,429
4,704
(1,418)
27,686
4,524
5. INTEREST RECEIVABLE AND OTHER INCOME
2023
2022
Bank Interest
Investment Income
1,362
274
6. INTEREST PAYABLE AND SIMILAR CHARGES
2023
2022
Housing Loan Interest
7. SURPLUS ON ORDINARY ACTIVITIES
BEFORE TAXATION
2023
2022
This15 Stated after ch3rglng.'
Auditors Remuneration {includlng VAT)
in their c6pacity as Audit(Irs

CATHERINE WALKER ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER, 2022
8. TAXATION
Catherlne Walker Almshouses is a reglstered Charlty and Is, therefore, exempt from Ilabllity to
taxab.on on its InLome dnd Capital gain5.
9. FIXED ASSETS
2023
2022
HOUSING LAND AND BUILDINGS- Freehold
Cost
As at 31" December 2022
Additions in year
Disposals In year
532.123
4,024
531,921
2,237
(2,035)
As at 31st D￿mber 2023
532 123
Depreciatlon
As at 31SI December 2Q22
Charged in year
Disposed in year
94,088
4,656
91,973
4,150
(2,035)
As at 31st December 2023
Net Book Value
At beginning of year
At end of year
Land with an estlmated cost of £121,560 is not depreclated.
10. INVESTMENTS
2023
2022
other Investments
At Valuation..
NAA Common Investment Fund
As at 3151 December 2022
Revéluation
As at 31# December 2023
4,40Q
4,541
141
At Cost
Total
At beglnnlng of year
At end of year
4,400
4,541
At Cost
io-

CATHERINE WALKER ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBE￿ 2023
11. Debtors
2023
2022
Rent Arrears
Promslon for Bad Debts
PrepaymeTrts and Accrued Income
Sundry Debtors
1,652
772
29￿2
2￿8
12. CREDETORS: Amounts falling due
within one year
2023
2022
Trade Creditor5
Rent Prepayrnents
Houslng Loans
Accruals
Government Grants
772
4,949
6,440
1,389
4,716
33,625
75
13. CREDITORS.. Amounts falling due
after more than one year
2023
2022
Government Grants
Housing Loans
102,602
36
103,667
14. SECURED LIABILITIES
2023
2022
Housing Loans
The houslng loan Is secured by a legal charge on the freehold property. It is
Repayable by 3151 March 2031, by Instalments at a rate of 0,450/0 above base rate.
The hDUSlng loèn falllng due after more than one year falls due as follows.'-
2023
2022
8etween one arKI twts years
Between ttvo and five years
After more th8n flve years
5,194
17,178
4,949
16,367
li

CATHERINE WALKER ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER, 2023
15. REVENUE RESERVES
2023
2022
Brought forward
Deficit for the year
At 3151 Decernber 2023
338,888
363,657
Jncluded wlthln the Revenue Reserves are amounts ortglnally from the revaluation of
Investments In current ar>d earller years as follows.,
Total
At 1st January 2023
Investment Revaluation
4,541
(1411
At 31st December 2023
16. ACCOMMODATION
The charity managed 6 units of housing for older people, throughout the period.
12