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THE WILVERLEY ASSOCIATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 AIARCH 2023 The tru8l•es. who ar• d¥•(knrs kn lh• PUrybOWS of •1 r•port topttrr tAtth ¢ fimrtial stat•m¢nts •nd •uditws' t•pfyl ol th• dwrtabl• for y••r wwJ•d 31 2023. The financi•l stat•m•nts hm b•Bn p•parnd in •¢C)rdan 1h Ihe pcthc4•1 Ut IMA in r#)t• I lo th? fimnclal slat•mnlS aTrJ c4mpty rn1th comp•nls Art1 of 80(1•1, th• CIxnnl&sAd and 'Aeo)wling •rwJ Repti by Ch. Stal•meftt ol R•cOTr•d Pr•th"c• ppk• to ch•ritig$ prnparin9 Ihelr a¢¢oun In x¢tyO•nc¢ wth RewrtirwJ Slw¥lwd Jn the UK and R•pLth ol lrnland IFRS 1021. l•ff•¢kn 1 January 2019). ObJ•th•¥ •nd •¢trlts• Th• Ch•nty'• purpo#•. • th• obi•¢i¥ in rf• duMMlitin. li.. "70 kYthThot• (•lf ol th• •ld•ty in a¢¢ordK• with CMIti ¥•k ol f•llh. rnr•, g•nd•r or Cf••d in • m•nn0r which rd d••mod ty l•w to b• dr•bI•". Oui r•sid•nts and th•tr lamknl w• c•ntrnl to Th n••d• •Thl •r•IlI •r• m•1 by ¢ommitt•d, wof8uional and r•spadfvl ¢ar• w•m R•i¥J•nlS' indMdu•lty •nd wid&pond•nc• i• •ctN•ty promol•d nd th•ir c4nlrftsJlKffl lo community kntmtrrn•nl li •nwJr•g•d. Th• Chty's 14n M to pro¥th tdoh qualty k¢ Ih¢M w. m•nlay althl. n••d IM18 ol wpptyt l• Ih•m Vir d•Y.tth •th"bryt1. Obl•¢ll¥w. •ts•ts• •nd acll¥lU•• Oc¢up•ncy To miinlAin a h4h ol rwarKy. To h th• ffttslenb •nd nwdkn9 o1¢ho1 S)rlh• local con1unty lh• h)cal alh tnmt. N•tlon•l Nvlng •• To k••p Qui Employ•M abo w In wllh fv N•1k41 Lmng W To monilor w•9• irv••w ()¥•ty •nwr• I1 ErTYw w• In•nI P•rfomwn¢• To 9•nernt• • r•#p¢d•l of relwi on In¥•n• stsff Turno¥•r Tts i•• • r•duetKm in th• tumowr To b• th• d••tin•lion ol ¢hoc lor nur•lrvJ thfl. Thl w• th1 •¥irft•nts. Co•1 C•ntr•l To 5•0 contlnu•d ¢¢Jntwol •cross the To conlmue d•¥eWNJ and adhemg to fmnri•l w¢¢•dur•• •nwr• cwl$ •re rnhi•n•l tt> provid• a hw 4¢wbJ•rd olfw• Op•r•tl¢)fi• Th• Charity oper•l•s t •nd NurwTrJ HfyT•S Hanwslw•'. •1 Brothrtwrnl (Formt O•k•. nw)T• c•nlly cal8d Holknd Mw} and fiiJgn Pwlhu. nw styrthaM (Li111g H•bw).
THE WILVERLEY ASSOCIATION TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT AND STRATEGIC REPORn (CONTINUED) FOR ThIE YEAR ENDED 3f MARCH 2023 Eath ol th• ChaiW$ ¢orn ollern rlming {nw M h)ryr wad•d •1 Foml H••rtland Marwrt. pts'ati, reiprt•. f¥•1••C4nt and TMn•bbBThnt ¢w• for the thlgrty. H the rned '$, a s•am88 transf•f lh¢th thew $w$ can b• accCoWr4h. Frffe$l Oak$ •nd Llttl• HIn bolh hJvè deejraled Actlth C•)OfthatWs who •nsuffe Ihol r•sthnls arioy a di11• and Ilimulatkw ran ol daly ackn"NitKs iuth $ Qu1, nI1• Ox•1$• daM•s. th•m•d •¥nts and m•al1. drrts p•rtNry•, •¥¢xnv)ns. filma. cth•r eIert•nment• w•1 lo cAyrputws v nl•rn•t. ¥llor% are Ind vnI¥8, hnwli•i frwnth •r• •rKW•9•d to partryalo in Ihe dally •¢b"vts"¢$ d th• hom•, •ipe• Jww¥fic8nt svch as ts'rthdayi ind nO•s. R•$lJont•' gue811 w• r•lW •c¢¢fftff¥t•d tr m•th aThl w• w•k4m• * "fi in • 01 • or coff•• •1 •ny tkn•. For•$t O•lrg 11 • 45 b•d R•d•nbal al 11¥19 cw• ••t dose to th• fitrn of th• Now Ftsr•sl ¥Al•g• ol Broek•nhwit wth •ct• to th• loe41 shcys and ts1¥1. Al b•dmom8 hawè •nsuit• bolhfwn ly ihowor laeli1$ Ih•re is lJur•, ffjom. dinK¥J rtrn, •th'¥itvJs room •nd b¢auty ••lon. The Iv)rM b•wtlul Thurn for to • th•d Gomlorfln9 •nvirwrn•nl. Uttl• HIn 1$ 4 41 b•d R•thnll•l 1 IAly•t•d tAthin •n • from lh• ¥I•9• •h¢)pi in DitKl•n Purl•u 4rK1 is wrthm cth• r••th ol fvtyl wllh tti f•iry to soulhaffjl •nd &en fad11tl. Al b•droomi ha¥• •fv•urt• ltyi•t fad4b.es Mth lh• additicThl b•r•ft ol gard•n vi. There N a c4JmrywJI loung•, room with cal•. room • haw¢kn•sln9 B8lon. Tho hom•, 18 Id•ndty and r8lax•d. li Mi kn m8lur• gwO•ni oll•fiig l•¥d waLki. rw•d gwd•n ty•a$ •nd ¢Xmlort•bh w•lkng •W8. Al both hom•8 c•lerfw •nd Iw•k••plng toams W¢Md• whlsl klt(kn•tl•i and knJnthy 14clitffjs w• fflaintaind for our mty• Ip•nd&nl R•iid•nti cwiè &) •Thpy m••11 kn the rdaxed •¢M0•prI of lh• 4inin9 r¢om or in lh• pri¥•w of Ihir Se•w•1 nvJnu¥ I1 popdAf Ih•m•d e¥•nl• provide •n vppprtynty Iw r•d•rrt• lo loo•h'. The Ch•1 •1 ••( h¢rfn• m• wth •ath n•w r•iid•nl lo dr4cusi iJ•lwy x sprfiil r•qur•m•nt• •rwJ Loc41 GPS tll and wr r•shlent• w• h•W ¢0 •Gwi • wido r•np ol r/rnunly In¢thJing Oakhw•n Hospi. R•shJ•nts albo ha a¢• to th• of a d•nU•t. L*iropoL¥•l, shoubj Ihe ne•d 1•.
THE WILVERLEY ASSOCIATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2023 Publle b•n•llt Chjr w hom• ¢h•iify fty dthrly pwl• li d•thc•l•d to a Ml•, nurturiThJ, •nd •nvYonrnnl fof our reJidenlJ. Throw ow commrtm•nt to in ¢ar•. lo enh•nce the quah.ty of lif? •bwyon• und•r wr ¢w•. Ow m•ot phy4 fflodk4 no•1$ ol ow r•8hl•nts bul •1 prornolt stinul•iKn. Ind •motNJMI rfboil9. bollw• Ih•t •wry p•rty d••¥¥ InitY rMI rnSp and ow ¢h•lty r4 d•¢lKat•d to urtholtln9 th•$¢ By los1wi • of (>)MMty and boknryrwj. we a#ib lo corn1 londijwai •ThJ 16dabon among thg ¢ld•rfy poNA81kni. ¢Jodu0 •ff rn•mbern wvk tsresesily lo Ihat each resident rtt•18 pIrn ¢w• nd •tt•rtlknn ts1•d to th•ir n••ds. Through our rth•rrt•bl• •ffoth. M•k kn m•k• • poJibv• Irwd on th• Iw• ol •hJ•rty in OUT op•rntions. 80¢1•l lfi¥Mbn•ntpoll¢l•• W¢ ar• mmle to mikn.ng • pos.¥• ¥oci•l Ihwh my•m•r1 and irdi1ati¥. W• l) In th• p1 ol cl Inbwtm•nt to cr••1•1181j ¢hn9• •nd NYo¥• lh• Iw of Iho•• w• Throu ¥tr•t•g inwilm•nts in our (arn hcfft fat¥kn"n, woNr•rn•, •rKI ••Thry. •in la •nhvr4 lh• qull'ty ol kn"f• wr mwd•tI •nd c£rtriPArt• to w•14wry olth• popul•lvi In •d¢tion to corn so1. we w• to ofiw Ihr•e t1¢)1¢nI ful indMlud8 in need of •upport with Imlr l••$. ThM• prtyKh 19 •ld•thrf p•opl• h•rdthy or unfor•efi drcurn•lancM. •n•urng Ihal Ih•y ha to th• ¢•r• •Thl Jwort lh mqwe. By Inbsliig Sn thli ir• •bl• ¢0 •xt•nd ow r•Eh and hdp those VA may not otrwJlM h•¥• •¢c•$• lo r¢•owl th•y n••d. To b• •h'gibl• for ClId•r•I IN ass*lw rlwii b••n r•thlgrt kn •rfh•T For••l O•ks tx Lrttl• Ha¥•n lor •1 $1 3 yearn h¥ •8•rfl• from oth•r ch•nty tX9anis•lb>ni. A$ incorn•
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Is k•pt und•r r•¥lv. Oyr sociol r•Thl itr•t•9y 1$ gu• by our lo Ir•n•p•r•rKy, •crwrtablity. nd thc•l •iewafd8hlp of r•$our$ ¢¢4nOu8 ev•1• lh• knp•ct ol wr rnm•rrtt to •niurtr ih•i th•y ilign wrfh our mission •nd valu88. Tlwoumth ijur •llorts. w• s••k to (x••l• • indul1 corrp•ssion•t• io(¥•ty wh•r• •klaty Nju•l8 w• ¥•lu•d wpport•d. ol ¥olunt••r• %fyhil• TM A$8oci•ts"on h•J nol IlY b•n•frttsd from the irw ol v(knt•W8, Other tf•n th• Iwst8•8, to the •xl•nl il Wld Id• lthe. rt i• gratofrA to al the pgoplo wlK> volunlarty 9N• thetr v¥uabkn lkne to •n8uro Ih•t •nd •(¥lls we dels¥ffad lo th• poosth 8l•*•rd.
THE WILVERLEY ASSOCIATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AMD STRATEGIC REPORT) (CONTINUED> FOR TIIE YEAR ENDED Jf AIARCH 2023 Slrnt•ilc v•port Tho tnji1l, •r• d6r•rtorn lor lh• of ¢omp¥y . w•wit th•lr str•twc r•ixt fryth• y••r lAed 31 Marth 2023. lin eJ)mpl"an¢• wfth lIc Df Ilw Comp•nwkt 21W. FInal•l Th¥l•w FNrKial r••ylts for Il y••r •rthd 31 2023 arn th• al•m xb%ili•x on p08 1110 12 wNh the &•so(i8t•d as1# aNI h"abilth• ••¢ OLrt the b•l•nr sh••1 on pty• 13. Th• •1?1 ol calh flowj lor th• y•ar ts on p¥¥¢ 14. Svpwtty not•s to lh• acctyJntB ar• on p•gei 15 to 29 •wKI prcMd• •dditlon•l inlomwlknn io lupwt th• th• m•kn Itai•m•rt& TolAI Incoming 1•wurl lor th• y•¥ I¥ t4,388.969 (2022. £4.709.4521, r•wurc•$ •¥wd w•r• £5,446.803 12022. £4.7,404) and lh• daf for th• y•w £1.323.59812022 wrpkm £354,468) Poll¢y v•••M• FTe• Re•erws •v•l•bl• lor ui• by Chth •r• deemed to b• Ilw th•1 ¥r• rn•dly rnamubh, lundj who u•• Is r•ilricled Of d•wgn8led lor pWb.l¥r purpows Thus. th• calculatKJn of Fre• Res•ryo1 oxdud•i prop•rty and oth•t fl¥•d aM•t$ Ih•t ¢)lInu• lo b• umd In the d•y4tythy op•r•kn ol lh• Chty And in l1•r I buM(In98 us•d by For•it Okn Ind Lhd• H•bw. Ai a mailer of pdity. th• TItea• rngubrly miw th• V•1 ol Il rnlorv r•tyk•d to b• h¢kl kn 1n¥e•lfflts, cmh and esh •qVIl•nts Ml n61r•d to or delig11 for •ny p•rtthlar Idealy th• ToJst•eB bellev8 th•1 • G•n•r•l R•w¥e •qufr¥al•nt lo 3 monih4' nml ww#Jrtur• ts n¢¢d•d to piovkl• •doquil• caphal. to ¢r•al• • of • I•d1M in r•i#lent rmWnb to •lhx fty¢tIon• In Inw•trnMi rntum. On 31 M 2023 th• G•n•f•l E802,997 pori. É1,349.950) . •qu•t to 1.7 monlhl ol thanl•t4• •xp•n¢Jlur• 12022.. 4.03 mMih$). Th• Truil••s Contsr lo •¢hwtNhty of Ih obhdlv• again¥1 th• c•nl•1 af in Iho •n¥wonrrfft ••th IrnI off•rJ lo ils I•entI. In ¥dOn lh• dwrrty has d•nat•d of Q.316.9SS (2022: E2.953.828). Th• Equipm•nl Fund 01 £1.351.748 (2m. £1,988.6091 reV•nIS lh• nel took ol fix•d •88el6. whlth h b••n pJrcwt•d Thllh unr•strth lund•. TIM• fvxk•d 0 lh• vu• ol lh• homes and Ih• oL)ll•d wyl fittsry• and th• b• f•l••wJ onty bf on• or bolh ol th• horn•• wer• Thè Rop•irn •nd Impro¥em•nl Fund ol E50.0(KI (2022.. £50.(rfX)) is lo knd rnr f•p•h. •nd n•1481o lo hvin •$tat•s 41 FfN•sl O•ks And Lrtll• FIMn. Th• Fe•s R•serve of £915,219 l%n2." £915219115 1 Svrn s•t aswJ• hyd•i r•w¥•d lo th• IMlbrf•y AssocwIM 8ene¥dent Fund LWABFI f•ith • ¢•prt¥ b•w Itogth whh r•strid•d fund8 wrth the sam• •iml liom whith to ••m inl•Twl •lNin9 •mal •kfy w•nls to b• mad• to holp iupport •ny loty l•nn r•s•nI wo¢Jd 011• n8•d to home• bo¢auM ol IW r•thJc•d f81 ¢¥wnitwc•s. T TnMle•s wlin aCtrty rn¥nag• thKI r¢w¥e lo W•rK• Sudvant•p•d rnt#J•nts llh I n••d lo mak• Impw¥8m•nl4 10 the home$. IntM•tm•nl pollty nd oW•¢U Th8 Injstees w0¢j ide•ty like lo a 4% on th• I)•1M•t$. in IWI al oJff•nt m•rt•l evlI10n$ )d "bAlanc4d" ri6k Porf. as ath4i••d ty their in¥•nrrt
THE WILVERLEY ASSOCIATION TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED> FOR ThIE YEAR ENDED 31 AIARCH 2023 Prfn¢lp•l rfsl(• •nd yn¢•rtlntl•• Rl• m•nao•M•nt As • car• hom• chirlty ded¢at•d to c• •ld•th IfhAdu•, rncoonl8• the Imprytw0 ol identty'ng •nd m•n¥9irvJ iigki en¥w• ts iJf•ty •nd wevbety ol r•s4l#nts. $18ff. and s1ok•holdei8. Our OlganisaOn M c4)fflfflthad lo fflanlaw¥ng a r(rtl m•n•9¥I tr•mwork that lo Proty 4th¥$ thr•41s •NJ unc•rt•"nls Ih•l may and to mrtffj•lo rr4k 10 the chanty as • 1. Hgallh Mnd Sal•ty Ri•ks'. EnsLThQ t• h• of r•ild•Ks oThd stsff i• p¥r•mLWrf. V4 ha implem•nt•d 8tMgenl he•tth •nd Mfety wotocd•, eMtr(4 ffl•••ure. •nd erneryency reon pkn• to 2. Fln•t)&•l R18k$' A8 • ¢h•rty f•li•N p•n•rnl•d by ¢h•ril•bkn •thry1o. w• w• •xpoMd lo th•nci•l rii such as fluctuati In inc4Jm•. nwg owr'ono1 c4)•ts, •rrfl econorn wurt•'rrfies. Vlkn closety monilor our tln•Th¢iil p•rfofrn•nc• ond fmnwl rn•wbw. 3. A•gul•lory Cthr(lianX Abskn.. cOrrr• tith r•guhlory nqu¥•rn•nti •r41 sl•nd•fds •Mgnllo1 lo Qur op9r81ns. h•v• •slollrth¢d iobust gov•m•rK• •trlUr•s, polwxi, WKI pro¢•dur•i lo •n•u¥• Lwyllanc• wh r•knni lo. rnguthlk)ns, Ind b••1 tho c4r• leclof. 4. Reputati fl•ki'. MaIrf•.rt9 4 * uu¢K•l to Quf ¢JkgnV• •e¢rty manag• rf•k8 f•l•t•d to peJFl0n, 4t•k•hold•i rn18tP8. and rned S¢1 by womDbng tran8p•r•nw. eth1 nd(, and op•n tyJmmwik•tion. Our ri$k m•n•g•m•nt •ppYo•ch ibr14w 1•gr rt•k •8uwn•th8. rt•mal cl101•. ContrOUl monttorkng ol key rllk knYc•lors. We wa0• wlh $llKlO•rn. 8••k •Mp•rt •ty4c•. •nd 6l•y inltym•d •boul •m•rgiW ts> •nh•nc• ow rilk rnana9rnl prKtth. 8y rhk m•nWrnI •Thl low•rd• •ddr•Mlng poknthl IhT•4ts. w• ilm lo •altyyaid th• Inter•st• of tyJf rngthlls. ilaff, donorn. •nd th• W•1 cryrffjunhy Ow c(¥nrr•lment lo tisk man¥gom•nt und•r•¢or¢fy twi d•thc4lhin to d•lvdfry fmghqualty r0 •Th1 th• Iruil •nd c4JnfidMc of th• w• i•fv•. K•y bd•ntlft•d rf•k• RKruilmenl r•malThs 4 chaif•n9• wllhkn lh• a$irfi•l du• lo • lu[KJr ihort•o• of Thurnlty lff. Bendwn•lft0 ol ulaH•s lor both nurms and h••lih eaf• •23ffjlanls is • re9•r th.ty lh• 188odath.on tg thal r•makn oJmrtlb'w. A$ tho woip•cl inl•l•)n Ih? u•nI pr•swr• on 1olan•8 and wa9 m•twiah"Ms, Il•xib4rty kn 8l•ffing Ij rav•hJ ffwrt(ng ol •t•ff budgets ba a 0{. Al Foreit Oaki ¥r#J LJM• ¥n, w• b•nafrt Irom • &tNhod cw• t• •nd w• r•mth grul for the 8eNces Ih•t Ihey provrf. Care st•ff ffj¢nthimeni Is • ¢J•. to th• ¢Jpp•rtur• 0gre•mvnt ol the CEO. Th• CEO post holder left TM in Jun• 21Y22. int•rm CEOS, ha¥• b••n plau ponthng th• 14uuilmBnt ol a Jtit•bl• p•rmw)•nl r•pl•UMl. Both build98 nt•d i•gular •nhanc•m•nt kn ¢vder lo remain apprc4Yial• aThl comfonat4• lor our re¥fjdents. Th• tru•iee$ we wrrenlly looking •1 tho$e rftwrowrn•nt• 8$ pail ol th• strat9 PL¥ing lor hoff*$. The sl¥tus of Anl¢m Hou8•. tho r•1"•1 TVII. IB 4lBO undgf and [9¥ b•TrJ r•lwbMh•d.
THE WILVERLEY ASSOCIATION TRUSTEES. REPORT {INCLUDING OIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2023 SINclJJrn, gov•m•n¢• •nd ffl•nAo•m•nt The Chty r4 • r•golef¢d chwty (No. 237911) * a ¢PanY (No. (YJ8171041 by guaranteo. lis rekw'$tw•d 15 8htrn on th• R•lof•tK •nd Adff4nistr•tibY D•l•ts p•91 of trds repNt. The Chw 1$ 9tyrtmed by M•mor•ndum And ofA8w)Lx•IKffl •dopl•d on 26 1904 •6 wrnr¥l•d ty Sp•dal R•501ulioni 30 March 2017 and 2M F•biu•ry 2021. R•cruMrn•nt •ppolntm•fit ol tN•lD•• The pr•i•nt Tru•t••¥ and ony po$1 Trnstses who wv•d tr• yw w• shown +)A fv frf%t P•9•, ai •t I d•1• ol lh• of thi• r•wt. Th• Trt•ts r•gul•rty lh• cunpo•Mth rf th• go•rd. Th• Tru•l•oi &)ok •1 lh• bl•ftd ol •xp•n n& Ikdl8 ol al TnJ3t••• lo th•1 Ih•w th• n••d• of th• Crfty. •rft•, • r•uuXm•nt drive is undorl•kw. Fowwry • nwrt¥•r ol f••lgnthon> lh• Chwly r•cru¥ •dthtion•l tr1 lo •n•urn •n •thqual• Indu¢llon tr•lnlng of InMts•• Tw$tM• •r• iuu•d with A lul th• iuoo•lp)M p•¢k, In kn11tyjtkn lo Th• W9¢Y A3wciabon. ¢hArty comrnissK)n •d•ru. fft Pfryr p•rtoni mlomwlity). th• 'h¢x to, of trLMte• Affang•m•nts lor ••ttlng kny rn•ftagffl•nl p•TrOn rnmun•rnllon Th• m•M9•rMni p¢rn •fè t pern11 ty l•mpor•ry CN•l Ex01 OffKr •r#l t••m. Th•lr MUrlatIon li yro00 by lh• TnffjI•w. Ory•nkn•tlon•l itructyl• Th¢ l•mpornry Chiel Exec¥ Offw * f•¥crnibl• lor lh• dtfyd•y m•nageffnl of Ch•rV¥ ••it and fof impl8m•ntir4 WK4•S •gr••d ty th• Tnota••. Th• day.t04J•y of For¢$1 O•k8 Lmlle Ha¥en d•kgalefl by lh• CEO kn th• PIoffb• Mww90rn. Th• Bus*1 •rfM"Il•s ffi•d ty th• CEO •nd SMT wth Trust•• o¥•rswhl.
THE WILVERLEY ASSOCIATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2023 Stat•m•nt of tru•ts••' v••pon•lbllll•• The Iruth•s, who ar• a•0 th• dwoctorn of AM¢xkn fty th• of Iw, •r• ¥pon$Yole for pf•poring Ihe TwJt•g3' Report Ihe 018tefflents in a¢x4nlanco with aFf•k•tAp and UNted lQngdOmAt)Unt1I9 Standds (Unrt•d KJ"ngdom ACct•dAcxfjttrtO ¥¢1¥). Compwny L¥w rwmres Ihe trtMlee> lo propw• firnnrial 8lat•mnls tr •ach finar1 )•ar whkh • Iru• and 4i•w ol the stste of 4flairn ol chb C•Jrnp4ny and ol Ihe Incornry r•wu •nd Ipplc•iion ol re01. In¢luth"ty th• in¢orrn •nd •wndrtuT•. ol thè thwitab ctynwy lor thal In pr•p•thw th•¥• rm•1 •l•t•Mnl•. th• IM MquK•d lo.. . s•l•¢l idi•trA• pohd•i th•n ¢ontht•ntly: . oh•r¥• th• m•thod4 and pnw4•s In Ch•rfU•s SORP.. . m•k• pAg•m•nti •.#1 that Arn rnmonth wudwrt". . it•l• th•lh•f •¢¥•ty• UK Accokn Sl•ndarth hm b••n subJ'•ei to any ml•d•l d•p•rtw•• .oI•d and •xplthn•d kn th• fThndal stst•m•nts, . pr•par• iho fin•n(•l leMents rm gory b•• l• wwpprw"•l• lo &w••um• th•t the ¢h•rft•bh Cp3mpany win oP•f•tm. Th• Irus1 •Te rewwbki lor kwhig •dew•t• I•¢0 Ihat lewracy •1 any lim• th• finanoal "On of lh• ch•rit•bh C(KnTry and enth IIKim lo •nwre Ih•l lh• fmaDdal italom•nl )mptry wth lh¢ Comp•rwe• Acl 21M. They •r• •lso responwble fr uf•gu•rdiryJ the Ms•ts ol Ih• ¢hwilable o)mpany •ThJ hgnc• tr t"r4 r••wn•bl• •t•p$ lor lh• y•wn16on •nd d•lKAth olfr•ud ar¥J olh•r krngJl•rrtlM. Th• Inffjt••8' r•p¢#l. th• d¥•atys r•ptyi Ili•t•yc ¥•port, ws *pm•d by Ih• 8o¥d of Tnffjt•••. Ais c Pd Tru•t•• 27 Nmmb•r 2024
THE WILVERLEY ASSOCIATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE MLVERLEY ASSOCIATION Oplnltyi V¥ h•v• •uthl•d of Th• W•wtrrfA#o>•kn (th•'thanlabkn Ix th• y•ar •TrJ•d 31 M•rth 2023 whKh rthhW"•¢ IM thtwnent ol adm8. th• bJL•rK• •he•l, lh• st•t•mfArt ol •h fiows •nd nol•• to thè f11 •tat•mnts, Wts•s. The fiThanMI repth'ng fr•mvwo Ihal has bgen ¥ppW In thw Pr•pwaOn is apphcat4• law UThl•d Slrthrdi, IrudIng FMi•noal R•portKI9 Slandard 102 Th• FInartI R•pytsry Sl•ff#la tho UK •fftl Rgwth rf lrnl•Thl IUnit•d Kltykni G•rmtyAc<xpl•dPafJmithg PrnrAa). 9P• a tru• •Thl f•lr ¥1ow ol Wl• ol chan1•• aff•n as at 31 2023 and of rfl InCoj rIr(S •ppkAtion ol I•r¢•I, mcomt •nd expendlw•, for lh• y•af tmn ¢nd•d, bTr Pf•p•Md lhith Lknlt•d Krydoffi G•w•ly k¢•pj PIK. and •1• for •pknlon cnduCt• our audh In 4th Int•m•lknn•l st0 Audftlng IUKI 0&48 (UK)) and •ppll¢•ble IAW. Our r•ipoTr0itslrti unJw thom 8t•ndards •r• furtMr d•Kthd In lh• rnspMbMKlgs lor Ihtr •uo)l ol ttje kIn•nl slAt•rn•nts i•diM ol ¢Wf r•pNI. W• w• ind•p•nO•rf ol lh• ch•n"labl• corrwy in •cc4yd•nce 1h I •thic41 reqir•m•nli thal ar• rnlw4nl lo our of th• stal•nnlB In lh• UK, Indudig the FRC'• EthKal St•TrJard, and w• ha •thul pOnba In •¢¢NdarKA t10 reqwr•m•ni•. b•h• th•t th• ¥ w• obtMd suffl¢wl and ipwopriath • b•81$ oui c•ilon. ConekMl¢Mw v•l•llnq to golng ¢onwft In lh• finaThrA•I •lal•rnents, w• lh• truit•M' of th• going conn b•iii ol •rx4untKIg in IM pr•p•r•lon ol lh• fin•n¢i•l •l•nl$ ty •pwow. Bawd on th• ha p•rfLvm•(l. w• h•b thnbhd wry m•i•n•l un¢•rt•lnth?• lo •¥•nlJ or cldillOn# lh. widr¥ithJ8ly or rAl•cltrth. m•y Ca 8h)rift•nl doubt w the L•rilki comp•ny'i Itsl to 1Th •B • grg ¢¢yic•m for a pwKd ol 1¢ 1••81 Iw•l¥• moth from lh• st•l•mts •r• wtlvxlmd lor Issu•. Ouf row1rtIM lh• r•¥tsl•S ol lh• ¢ru•1• mp•cl Io g(4NJ c¢mm •r• d••rmb•d Sn th• Iwont ladr ot Ihts r•port. Oth•r Inlornwtlon Th• olh•r infornmtw ¢ompri•M lh• ffilwm•tKm in(4•d in t wMual f•POrt thr Ihw th• firtartid •t•t•m•nl$ and wr iudrtofs Ihor•on. Tr Iw$t¢ •r• th• inforrmlw Con wil1¥'n th• Mu•l r•port. Our Dnrt on thé financtsl Blatom•nls doos not ¢¢wJr I ollwr intomiotvJn wd, •xcpt to Ihè extent olh¢rnise •xpliotly stated in our rnPOfL w• do not •xpr•u ltym ol •vur•nc• condusion Ih•f•on. Our i•sponwbth'ty li to red lh• other inftyrnth •nd. so. con•J•r wheth¥ th¢ cdhw inlormthn & matend coTh$ffjtent with Ihe ffinancl IMontI ( wr kknd9• ob¢•wd kn t c)urs• ol Ihe autht. w 0lhwws• app•#rs lo b8 mal•ri•ly mi¥¥tsled. ff w• Klentty mtht•nd irt0rr41stenc or pp•renl m4t•ri81 miutst•m•nls, we are 18gulf•d to dqt•rrnine wholhol Ihis gr¥•s rts• to mr4114twwl in thg fin111 Jl¥lwn•nli th•m••*. W, basod on lh• work w• ha pw10. we 0<1• that th•r• is • maler•l mbthtorr•nl of Ihli oth•r Inlornillon. w• w• r•quir•d 10 Iwt Ih•l l•¢t. hav• Th)INr¥J to r•port In rn9ard.
THE WILVERLEY ASSOCIATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE MLVERLEY ASSOCIATION Oplnlom on oth•r W¢rfb•d by th• ¢Mwihl•• A¢t 2•0• ITr our opts4, b•a•d on th work tho ¢owM ol oui •"t." infrrfm•tion In Ihe trusl••s' r•port lor lh• fmandal y•w lh• ffinanwl •l•t•nnts •r• l•w. n81nI vllh th• fin•1 stai•m•nts. the $trnlagic r¢porl and lh8 thrgdors. rgp¢vt indudgd within lh• truths. roixwi hm I•n propw•d In Al•tt•rn OA TAthl¢h w• •rn Trqulmd to rnport ty •xtWon In th• fv'9M ol kntrl•dy and und•rntsnth"r¥ ol t tanlabl• •nwonm•nl onI kn lh• urs• ol fv audit, w• ha not •noffi•d MIr misitlem•nts in Ihtr si¢•¢•gk r•port ( Ilw dir•ctorn' r•port irf130 wlhin lh• InMl••s' r•port. W• hi¥• nothwvj to r•port in r••pxl of th• lo wt#Eh Compwy•• A( 2CTh r•wir•• us ¢() r•port lo you if, In ow otyrlm.. ad•qual• acc4unlmg r•rmJ• nol b••n W or r•bTh ad•qual• lor ow •udil hw• not b••n r•uN•d fforn br•nthei I( by u•.. th• fm•ncil tht•m•rrt8 ar• nol kn a9rn•ThTht rth lh• •xi)unbng rwmdi •nd r61Th', or n of lftt••S' f•ThThrthin gp•dfi•d ty Iw •r• nol m•d•'. or we hav• not r•c•l4d al th• inth"0n ar explanalnI w• r•qth lor our •udrf. R••pofi•lblltl•• oltrMkn• AS explalned more in th• i•kn•nl ol truth•' r•w•tilth¥, h Iwuthm, t•ho •r• th• dw•ctorn ol th• cMrNable cOmpY loi lh• pjrpow ol (xMmp•ny l•w, for th• w•par•lv)n of tho fin•ndal 114l8m•nt• And for b•in9 Uli¥fi•d th•t Ihty •Thl l• lor ml•m&l u>ntrol trusl••$ dgl¢milno Th8e•i•ary lo •n•14• lh• prwaralh)n thleThnt• ih•t w• fr•• from m•kn"•l mii•l•t•m•nL W•r du• to Ir¥ud ty •rfOr. In w•party th• fmnrA •t•tern•nt8. lh• tru•t•M •rn r•wrffjth lor •$1 chwltab ¢wnp8ny's ab4ity to conlN• 41 0 gokng c¢wn, th"s¢knng. al WI•, maU•r• rnlat•d 10 90ty ¢on¢•m •ryl uiing th• 90irg rg)nc•m bail• ol I(Unn9 wl•si tho IN•t••s •ther witend to htyxlat• th• Cll•b c4>fflpany or lo c•••• ¢p•rnlh)•. or h•¥• no att•malfv• to do 80. AydlW• rn•p•Mlbllltl•• lor th• •udt ol th• fin1•1 •t•l•m•nts A lurthw of ow a¥al•bl• on tho FwKa•l R•portiw w•b• at.. http•Jl ww.frc.wg.ukJ¥uditOfiwpon•ty41s. Thls d•$W. ol ow wdrtorfs r•porf.
THE WILVERLEY ASSOCIATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE l•VILVERLEY A&8OCIATION Exl•rt lo whlch th• audlt TA• ¢on•ld•rnd t•p•bl• •1 knwl•rfll••, fr•ud Iwr•yulariti•%, Induding fraud. or• Instal of rKFcoryllW with laws f•9uLglion• We dwign In hne wth our r•wmbthti08, outlbn8lJ at¥)¥0 ofvj C.1 wohit•. lo del•(a m•l•n" m1Men11 of1rr•9"•l. tra1. l+ olth'n •nd upd•t• of the •tW. acbV•I. ils control •nblrOMrt. (Ure dv¢b¥fftnt•. Ind19 m ratn io tho lty•l rngulalwy framv•crfk •ppk4bl• VKI Ixy th• wlty l• CDmpty6ng wSth that frarn•work. 8•Md on tr#A wtht•Mn9. w• bknkn.fy #nd the rrtk8 ol m•thriil Irtisal0ffl0nl ol th• fininu•l slatWMrt8. whother due ) frwd or d•wgn perfomi uth"I woc•thKM i•Jponsr¥•1o th08• risks, and obtaln audm that M suffici?nt WKI lo yoNryd• • b•wi Iw opinijn. Thi• Ind8 consid•ratlon ol th• rtik ol a¢ls by b)• •nlty th•t wer• (¥ to •pFokl• nd rvgul•lw, fra1. In r•spon80 to lh• riik ol m4id•rkn• non<p1at with IM w#J rtyd•kn•, hKhJding lrnud. w• d•tyJn•d procedur•$ thi¢h Ythl•d.' . En(wry of man•9em•nt wLd Ilw• ch•rg•d with g(w ar0d •¢wl htig•lkn) •nd d•wn8 •¥ w•1 as adual. ¥Thl •1•9•0 fra1. . R•¥9 rnnut of m•whip 0fth0 charg8d fwth 9ov•m•rK•'. . A•wMino Irk• •A1•nt ol lh• Ill rnguL•tw)ni lo hw• a mal•rK41 •ff•cl fin•nryo1 ¥taiwn•ftts or th• op•r•lMs ol th• •nlrty Ihrouo) •wry Ind kn•p•¢llon: . R••WIng ¥talv4rnnt 'IDrI •nd t•srj to Iuppm dm•ntaI to al# ¢(¥nplarrt• th •pplubl• nd leg•bOl., . PertoThing alIt D¥W ¢h• ol bl•$ of oorttokn, t••lkng ol journal •nlrie5 •nd oth•f •djuslffl•nts lor •ppropn"t•nui, •valuabrvJ Ihe blIn•S• rn1kv• of slwffic4nt tr•n••Cln8 oulwd• lh• wnw ¢ow of •NJ ••tr.m•I h)r •)thc4tM ol potent1 bi. 8•¢• ol ltr• hh•r•nl ol •udl Is a th•t wll I¢ d•l•ct U wr•guthrftiM, kncknjng tho8• ading to 8 m•t•rtl mil•1•m•nl in the st•t•m•nts Dr noTr0)nW r•qulthn. Thli rfsk iw••i•i th• th•t cornph•nrn TMlh a r•9•1 N remmd frorn ev•rt¥ Ir1•11 r•fi•d•d In lh• Anan¢W tht•m•nts, 48 w• IW to oi of nor. Tho risk of nol d•l•rts9 • m4l•rlal ml•8l•t•m•rt r•$ulting from Irwd h 1¥gh•r Ih•n kn on• I••#¥j from •nty, •J fraud may Ive fory•ry, Int•nIal ml•l•w•i4QTh•. ty IM of c•ntrd. UM gt gui rnport Th1¥ r•ptyt rf mad• lo thwil•bl• CAxffiPy'I m•mb•rs. •$ * t)ody. wi accOrdw wth Chwt•v 3 01 Part 16 of lh• c(wnnlA¢t 20C¢. Our I11 WO hn• been th•t w• Mh1 $t•i• lo lh• th&rltall• comp•ry'• membors Ihom m•tt•r$ we •w wur•d to state lo trm in •n fwt and for Th) othw wrpom. To th• ful081 •x1•nl pemiitted by Iv. do not •cGepl or •ssfft f•w'bthty to onyw Olr Ihan th• charil•bl• ¢omp8ny and the ¢horil#lM¢ COMnl a8 • IM)ty, lor •thllt work. fry lth f•prt ty lor fv opknlons ha lorrn•d. Jon Nobl• IS•nlor 3tstul•ry A4Klltorl lor ad on b•N olA2•ts Audlt s•ThI0 g bLy Ch•rt•r•d A¢¢ounl•nts Sl•tsJtory Aud•tor 1fy14 Ando¥•r Rc•d H•np$1 SO33 78S 10-
THE WILVERLEY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE Accoupir FOR ThIE YEAR ENDED 31 MARCH 2023 Cuff•nt fin•ncl•l >••r Tolal lund• 21121 fvnd• 2Q23 fun0• 2023 2023 2022 Dorth"ons •rNJ lopad•s Ch•rftotA• InstMentS hor inc4m• 14.321 4,259,B49 19321 4.259.849 9,888 4.416.587 67,331 215,868 19.796 19,7 Tolal Incom• 4.381.969 4.386,989 4,709.452 InVmen¢ m•nag•m•ftl costs 29252 29.252 12,707 Ch•rttabl• 4.773.342 4,773.342 4,594,897 Lom on dyoul ol fix•d isi•ts 11 Tot1 •xp•nthirn 8.448.003 5.446.803 4,107.404 N•t In¢omlno l {oW'n91 {1.084.8341 11.079.634> 102.04 Net gwnpJllos•esl on knv•stm•nts 13 43.9SI) P43.984} 252.420 Il•1 fflov•m•nt In lund• 11.328.590) {1.323.598} Fmd b•lvKS •t 1 Awil ? 4,303,778 510.995 560.537 5,375.310 5,020.842 Fund b•l•nc•• at 31 M•r¢h 202J 2.975.180 515.895 S80,$37 4.051,712 5.37S,310 The stal•m•nt ol fflnanu•l inchA•• al w¥J W)M•s r•CWM In th• yow. Al Inc(m• •nd •xp•ndiluf• from c)nlYKw4 •drtl. The 8tit•m8nt of rcial a¢"4418 th uJrrW• wilh rnqwr•rn•rts lor an Ir• and •xpaThJllur• acco1 undqr the Ctynp•nie$Ad 2006. 11
THE WILVERLEY ASSOCIATION STATEMENT OF FINANCIAL ACTMTIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE AccouKr FOR THE YEAR ENDED 31 MARCH 2023 Prfor fin•n¢l•l y••r Tolal nd• 2022 fvftd• 2022 fvndl 2022 21122 D110 and leqaci Critab •thvbli Inv•$tmenti Othr incom• 4.416.587 07.331 215.fj68 4.410,587 87,331 215.868 T•lAI Incon 4.709,452 4,709.452 InlImOn¢ m49•MInI cosls 12.707 12,707 4,S94.tt17 4,594,687 Tolal •xp•r• 4.e07.404 4.607.404 N•1 IrAln9 l (outgo¥ig) rew N•t q•ln•l(lo•MI) on In¥•#tr 102.048 262.420 102.04 252,420 13 354,468 Fund •11 2021 3.949,310 510.995 580.537 5,020,842 Fund b•l•D¢•• •t 31 Il•ffh 2022 4,303.778 510.99S SIO.$37 S.37S.310 12-
THE WILveRLEY ASSOCIATION BALANCE SHEET AS AT 31 AIARCH 2023 IJ 2022 Flx•d i•••ts 1.912.283 712.SC(I 1.509.322 2.549.146 850,000 1.888.930 I$1m•t propfy Invown% 17 4.134.105 S.288,078 urv•nt ••••l• D•blo Ca•h b•nk and in hand 186.874 285.476 150.7e 472.350 459.172 Crndltorn.. m•wrt• f•lllw du• Tlthln •n•y (554.7431 {371.9381 N•t curnnl lknblrfi•iVu••ts 87,234 Totsl l•M ¢¥n•nt lathllltb•• 4.051.712 5,375.310 C•plthl lund• Endowm•nt I$. g•rwr•l In¢om• lund• Reslrlcled ful4 580.537 580.537 21 515.995 510.995 0•8n•t• funds Genor•l unr••lrtld 2.318.985 $8.215 2.953,828 1.349.9SO 2.975.180 4.303.778 4.OS1.712 5,375,310 The th)an¢l•l $l•t•m•Ats ww• Ilw TN¥h•• M 27 PMn)•r 224 Mr$ C Bithll•¢omb• Tru•t•• C•mp••w v•ghtr•fjM 117104 13-
THE MLVERLEY ASSOCIATION STATEMENT OF CASH FLOWS FOR ThIE YEAR ENDED 31 IIARCH 2023 2•23 2022 Ci•h Iky from op•rnl •¢O¥lll•• C8•h l•b•orbed bYy(w•11d Ifom opDr¥lx8 {338,8491 181,070 PurehAs• ol taTh•blo fix•d (27.129) 273,145 86.fy)3 ($9,413) rJi.8241 87.331 In¥•ilmont T¥•d Il•t •h g•n•rnt•d fm4lu••d Inl ¥09 eUvltl•• 313.719 N•tea•h u••d In Iln• •thlll•• N•1 IdKrn•b•Nln¢v•M• In ¢••h ¢••h •qulv•l•nl• 157,964 C•th Ind •quh•l•rt• •1 ofy•w 306.4 150.442 C••h •Trd u•h •qul¥thni• •t•fftd •1 285.476 14-
THE WILVERLEY ASSOCIATION NOTES TO THE FINANCIAL STATEMEpirs FOR ThIE YEAR ENDED 31 AIARCH 2023 Ch•rtty Infvrn¥oTr Th• Wfvort&y A8gocwlth kn * pfN4t• ¢oNwny bmrt¢d by gu•r•nl•• WKtyPty•t•d in EnkthrAI and bV•le•. Th• reginlerld offKe 1$ Lrtlle Ha. Be•Uh Ro&J. ll.bden Ptstheu. S045 4JF. 1.1 A¢¢•urttlng ¢onv•nlloh Th• fin1 itAt•ll1• h•w b••n p¥•0 m 1¢d oknl•blo cAnpty• go¥em¥wJ do10n1. th• Compw491 Act 21XI6. FR$ 102 Yh¢ FinInl Rgp¢Yt1 s14[d Ihg UK •r R•pbIle Ir8land' fFRS 1027 •nd th• Ch#s SORP"A(%a)unling •nd R¢ptIng by Chwrti••'. St•t•m•nl of R•¢omm•nd•d Pr•¢tk apph.bI• to dwi4•• w•parin9 Ih•ir in accofd•rth with Ihe FInAl Reportmg Slandard aptknbkn n t UK ol If•d (FRS 1021" l•lei¥8 l January 20191. Tho crtta• ¢¥#Trp)y 1$ a Pj1 6•fil Entity d•frnd ty FRS 102. Th 8tst•m•nts w•pw•d kn •rK4, TAkh li th• wr•nw ol th• (tsliabl• tYny. Th• fin¢1•1 st•l•ffwts hm b••n th• hY4lori¢d ¥Jiod lo lh• re¥••tn of Inv•¥thwt propwtl•i WKI e•rt"n In•In1 at f•¥ ¥ahJ•. Th• pithnc •ccounthbg poh'chis dopknJ ar• ul oth b•low. 1.2 Golng ¢•ffl Al th• Iiftw of •pprwry Ihe fin•nci4 •1•t•mlI. InJil•N • • r•uoMbl• •XP•d•tion Ih•t lh• charlt•bkn CLYnp•ny •W•te r••ourc•• lo witsiu• in ¢wr•tlonal •mt•rK• kn Ihp for•se•8bl• lulyr•. Thui th• trust•v conknv• adop¢ Ilw ¢on(wn b••r4 01 •cryJvNing h pi•p•nno th• fin•w 1.3 Chartt•bl• lun0• Unrmtrthd fun(51 w• •vbl• lor •1 h dIw•t4 ol lh• in hMthr•nc• of Ih•br chawl•l>l• obj•cll¥••. OMignat•d 1mIS hm Ml •1 I ol th• ¥p•ci rpow•. Th• pwpo••$ nd ol thwnl•d frJrrfl• • Ml out rM)tM io th• ItthtoffhIl. Rulrict•d lund• •r• iubJ'•cl lo sp•ufK condit9 by don¢x• lo Ivw Ih•y rnay b• UMO. Th• and •• of lh• r•S11•d knidi w• Mt in th• Irf1 ts th• ffinan¢W $t•lnI8. Endowmmnl fvnds w• AW lo 8p•ulc by Ih•l lh• pIl mu81 b• rnalN•wd tyy lh• ch•rrt•bkn CoMY. IA IKom• InccAn• il wMn th• ¢•riL*l• conyny l• •ntllgd tyj k •ft•r Y p•rformanc• c¢)ndMlgn• bo•n n1. amounti b• nw$w•d . ¥Thl tt i• Pfobabl• th•1 b• rttthv•d. F•8 roeA)onkn•d in lh• Iha¢ IM ¢•$ prowtsl. IlmO Irom go¥•mmefil clher i¥ recoqrymd •1 f•ir We chmty •rtrfknnwrt •ft•r any pertoThnare conditions have been met, l is wobabl• Ihat IM wiu bt re¢gi¥od. and Ihe amount ¢an be measured r¢liat4y. 11 •rthknm¢nl 1$ Th)1 mel, lhe awoun15 thf¢ffed. I8 rec•i¥ed during the y••r rolatry lo grants co¥wwwJ penod¥ cornrnenuThJ ¥fter y•¥r wwj rs h•fvJ K d•f•rr•d irtome. 15-
THE WILVERLEY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Ac¢ounllwJ polkl•• {Contlnu•d) ExppThJrtur• (rt• l• • •tkn to hn•fw b•nrfil lo • thlnl party. that a trsle1 of b•rfits b• reqthd th• affl¢MI ol oblNolknn can be MSur• r8baW. Expenditur• rd da•511 by thity. Th• costl ol a(Irdty •r• rn•d• w ol th• totsl of c•¢ts and Ihored ¢oth, wKhJdir¥J support inbrW ) urny•"ThJ each Dk¢¢t c4Bts attributhtle lo a •irwlo •ctiwty afe aMocaio0 lit•¢lly to 4cliMty. Sh•rvd t whi contn1>U to more on• ctr4ity •n supwl Costs whxh nol 4ltribul•bkn to • xtNty w• btrn tho4• actNilw$ on • b•$is rJM8tsiont wth th• 4A• of r••owc•8. CwKro1 ltaff ¢osts w• alknxl•d on tr• Iwi• ol ITh• 4nd dOPf•datlon Char9 If• 10¢8140 on th• pN11¢ ol tl •M•f• um. lj T•rylbl• lix•d •••ts T91t1¢ fix•d as1$ ir• initi•ty nww•d al Ca1. n•t old•y•tsts •fry thpainr)t bM••. O•prw l• r•¢ognl••d w • io ly ¥•1U•lK of •••el8 fwl¢kwl nlu•s ovar thr u#ful h'w• on th• IrAlryiNJ b•s•s." Fr••ttokl l•nd •nd Fuwres •nd frtbr StrWt In• butrn 4 4r•J 2CQ y••rn Str•boM IM b•tw••n 3 arrtl 10 y•• Th• g•in or b•1 ¥iiiNJ on dMp¢>8d ol an a•#1 d•l•rTrAMd •• th'ffw•nc¢ b•t•M tr• ••1• prnceedj •nd th• ¥• olth• •u•l. •nO b rnrx)grAMd kn th• offin•r1 •dtrlll•8. 1.7 kn¥olm•nt PfOP•rty Inmlm•nt woperty, prop•ity h8ld lo •wn f•rtal• •r#Yor e4pl•l •py•ci•llLMI. kn Inltwty rnwni•e¢J •1 c4Jii. hich md1¢3 th• CO and •rN dlreth •ttributabl• •xpondlwg. SutMgu•nli¢ Il 1$ m•48w•d laii valu• •i lh• iaptykn'ThJ d. Th• rP w ¢•fic•t on T•¥#J•t•>i li r•cogniwd 1.1 Flx•d ••••t InTM•kn•rt• Ftx•d a5Mt invoslments •r• Initlaty nwwr¢d •t Ir•nJodxffi •x()dlng tr8n¥clh)n Costs. and or• su4V•nIty m•a•urod •t Iw'r ¥• •1 •ach fwlkng dal•. Chaw kn fw'r ¥alu• ar• r•cogniwd in nel income1(•xditUr9I for Iho y••r. Tf•fM•aA)n oMl$ •r• •xp•n8•d u irtxffr•d. Al •ach repryting d4t•, th• charitth CL¥Ty•ny r•bi4• th• c4ryin9 arnounts of its lang10 aiwti lo del•rmin• wh•trr Iher• N •ry Thlut)n Ihat th0 4M•t4 h•w suff•r•d an ry•rmnl hm. If •ry $u¢h inth'ixtion 9018. lh• r•¢0¥•)le ¥Arowl of th• 4s•t 65 •slthAled in wder lo O•t•rnlM lh• ol th• inVmi•nt kn•• lil any). 1.10 and u•h •qulv•l•Thts C•sh and cash •qul¥•knls IncA• ¢Mh Yt trwd. ¢laFols ho •t with b•th. clher liquid inv•stThnlB with matuths oltlw•• mrrfth ry l•M. 8nd b)k oTraft*.
THE WILVERLEY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (coKnNUEDI
FOR ThIE YEAR ENDED 31 AIARCH 2023
A¢¢•untlw poll¢l••
IContln41•d)
1.11 kn•trum•nts
Th• ch¥rit•ble CCrfryy hlls b) •pply Ilvj of 11 '9•ii¢ Finjncwl Inilrum•nts' •nd
Sq¢lkn 12'01her Finanthd InStruMts l$w•s' ol FRS 102 lo ¥N of IMtruThnl•.
Fknand81 InslnJrn•nls •r• r•cowbJ•d in Ihe +wrt•bl8 banc• lh( whon the drtabl¢ mp•ny
b•c•mu p•rty lo f4ntrdual prtr•IONs ollhe
Fffianc481 assets lblths w• offMI. wth nel pr•sented m th• fffianriAI 8t•t•m¢nts, wh•n
ther• Is •1494y ¢nlor¢oabkn Wl lo off th• WTW)unls WKI Ih•ro Ks 1rrt•nt lo i•tll• on • ng1
b•sis or to r•alse the as1 •nd s•tt lwbl.ty 8irrnjmty.
8•slc 1knon
THE WILVERLEY ASSOCIATION NOTES TO ThE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2023 crtlkl a¢¢ounlln9 Mlr•• •ndludym•nl• In opplutKrt of lh• dwrit•lAe ¢tyyry'8 acCK019 P01. th• truit•o3 rA• roq to mk• judpemenls. estkn•t•s and •s$UmpS abwl Il •fiTht of a$ts hablitkns Ihal r¢1 PP•f•nl Irom oth•r •¢xvc41. Th• •sknffi•l•s and Msumpbw ar• b•s•d on hmtonc 1•r• ond other f•dm Ih•t are eoNder•d * bè r¢lthnl. A¢qU r•sth may drfarfrtyn Ihose 08lknAIo8. •$llm•t8s ar• r•(YJgM•(l in th• p•ld kn whith Ihe ubm¥t• li mrt•d wYrfe th r•visM 4lY•ct$ that por)d, or wi pl4 ol lh• •NI lulum pw*)di WI10 Ihe r•¥wryh •ff•(ts both CL¥T•nl •Thl fvt P8fkndB. Domttoni •nd l•g•¢l•• fund• fvnd• lund• 2023 2423 2023 2022 Don•¢kn• •nd gfftl 14,321 19,321 ChArll•lA• •¢Yvltl•• Unr••lrf¢l•dUnr••lrt¢t•d fund• lynd• 2023 2022 R•sbJ•nll•l F• Nurwn9 F•os R•sprt• and Fe 3.107.891 3,285.201 1,038,993 I,1.833 32,965 30,553 4259.849 4.418.587 Unv••trlct•d UthMtrf¢t•d lund• lund• 2023 2022 Rerrtal incorne Incom from lithd hvestrnerls 11.874 56.129 22.8Cp) 44,531 6e.i)J3 87 331
THE WILVERLEY ASSOCIATION NOTES TO THE FINANCIAL STATEMEpifs ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 UM••trlthd unfothd lund• lun 2023 2022 Harnp•hir• cow1 Covid Gfan1 CMh•r Incm 2,311 17,478 215,451 217 19,798 215.888 IntMkn•nt rn•n•g•ffwfit ¢MI• Unrn•trkl•O Urltra fun 2023 2022 Inv•thMnl m•n•g•rn•nl fees 29.252 12.707 29,252 12.707 Charltsbl• •ctl¥ltl•• Provl•lon of Provl•lon or •r• ¢•Y• hom 2023 1022 Sl•ff cns D•w•¢i¥lion and Impatrnv4nl R••il•nb•l •TrJ Nrning ¢•re Cat•ring 3.071.148 3.002.183 ZD,283 113,628 471,211 $54.9Q4 167,321 185.821 470.612 369,740 291.346 289,426 •xp•ns•s G•n8rAI ruMifv4 eojls 4,491.919 4,S15,484 Supp)fi IM• 91 G0M* costs (att n(ts g) 263,923 17. 67.633 11.$80 4.773.342 4.S94.897 19-
THE WILVERLEY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AIARCH 2023 2•23 Swptsrt 13•v•rn•n ¢o•t• go•l• 2•22 ¢o•ts L•gal and ProthOn fe01 C(lf40r 197.178 06.745 197,178 e6.745 87.833 67,633 dlt l••• 17.SQ) 17,S(Xl 11.580 11.580 283.923 17,5(M) 281.423 79.213 10 TnMtM• Payment• tol•kng Er (2022." £138) rnd• ol tru•i In Tdthl lo CRB ¢h•¢k•. 11 Employ••• 2035 Ilumb•r 1022 Nwnb•r 11fj EmW•ym•ffit ¢MI• X12) 2022 Ml•n•• Soo'al #rity cos Oth•r p•nsin costs 2,828,521 197,106 47.519 2.738.606 207.059 Se,498 3,071.148 3.002,163 •r• •g•r• eosts ol £891.484 (2O22.£X15,l Th• k•y nwi4ym•nl p•r¥Mirnb ol lh• th• s•n•y ml9e¥I t0. Th• lolal •mploy•• fits. cL¥ry>risirwJ Sry •rtd pen•kn of Ihe kny m•1y1 pOrKn of Ihe th•tYy ww• £384,40312022 £265.7771 2023 Nunknr 2022 Numb•r t.{¥1- £70.OLI) The Kting CEO was nL* an empkny¢• •wnl 1•nne[all1 01 £14S.145 duriTrJ th• yow.
THE WILVERLEY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 12 Lo•• M dl•pM•l lIX• ••••t• unrn•tI•d fvnd• Total 2023 2122 N•t rft•mgl• fix•d •$se 8M.009 Foknw'rtg • I•¥ of lh• •$s•¢ rogi$lw JIng Iho y•w. 4wt• of • rrfl book v•hJ• 01 £644.(1)9 w•r• wrilten off lo rell•ct diopos•d Th) u8•. Unr••trl¢t•d Unmtrl¢t•d nd• 2023 21122 A¥¥•1••n ol wwthlm•nli (nol• 171 Revalualfi ol inveslmnl y¢Jp•rtki8 (r 16) 11L*,484) 1137. 77,420 175,(N)O fk43.964) 262,420 14 T•ullon Th9 th4rtty io exempl from tax on mcorne and 9atns falKvJ 8ocUon SOS of tr• Taxm Aci 1988 ¢r 19cl)n 252 01 the T•x¥liw olCharg••tde Gn$Ad 1992 to •xl¢nl th•1 th•$• •r• appl lo its ¢haritable obJ•ct•. 21-
THE WILVERLEY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR fHE YEAR ENDED 31 AIARCH 2023 IS T•n9lbl• trlM•d ••••ts Al 1 April 2022 3.051,012 908.736 4.010,348 18,974 8,455 27,429 (835,1021 P81,050) (1.210.152) DiipDM At 31 2023 2.235,4e4 2,851.625 rrncknllon Ind Al 2022 Dgpr•cotN ¢h•rg•d in the yr Ehmin•t•O in re8peLa ol dinp•14 e67.732 823.470 14.824 5.459 1348.809) 1223,5341 1.491202 20.283 1572,143) Al 31 M¥th 2023 333.947 805,395 939.342 C•rylng •moiint At 31 Marth 2023 1.9)1.S37 10.746 1.912,283 At 31 Marth 2022 2.383.880 165,286 2.649.148 11 InvMlm•nt pMp•ty 2023 F•li Al l 2022 Nel galn$ or lov•s ttwh l•lf •dfrAkn•rt• 850,000 1137.500) Al 31 Mrch 2023 712,SOO Th• Ir ol t Nwitment prvpoty h•1 Ij• wn¥•d •1 on me bmii of lh• •x•i •al• •d¥l•8d by thpend•nl thkd party •stsl• 0g•nl*
THE WILVERLEY ASSOCIATION NOTES TO THE FINANCIAL STATEMENfJ (CONTINUEDI FOR THE YEAR ENDED 31 AIARCH 2023 17 Flx•d •M•t Ill¥1• Lht•d Cuh T¢)t•l At 1 Apnl 2022 Addi1¥ 1.698.504 421,651 (11X.4631 14x1,428 1421,8511 1.888,U) 11Cffj,4831 Ill.7) 1317.38n 111.W7} 1317.38n 538,048 $6.129 Cash withdrawn Prou•d8 from 141• of sh•r DW•nd Inc4Mrr4 (538,W) 56.129 Al 31 Mvth 2023 1.474.846 34.478 1.,322 C•nykn9 •mOUnt Al 31 Marth 2023 1,474.840 34.476 1,SOg,322 Al 31 M8rth 2022 1,098.504 1W.42 1.888 930 11 D•blorn 2012 Amwnt• f•lllno th•• 1n y••r. TrniJ• d•ttsrs Olher d•trtors Prnp•ymenls •nd •c¢xu•d in¢on 188,733 109.288 7.182 34.298 1e,141 188.874 150.7e8 1• CrndlloY•: •rnounl• d) *llhln on• y••r 2•23 2022 Other laxslton •nd g0(x•l Trade ¢r•diiori Qth•r v•drtors Acuuls and d•l•rr•d bK4J 34.171 368.014 42,830 109.128 2.512 151.162 191.730 26.534 $54.743 371,938 -23-
THE WILVERLEY ASSOCIATION NOTES TO THE FINANCIAL STATEIAENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 EndTM fund• m•rt In fund• • •nd JI Ilw£h 1023 E P Clarft L89aLy G F Clwk L¢91 AMcHA)d Legacy AFNt 48.130 48.lY) 48.130 211.V3 211.943 211.943 126.7W2 126.792 120,PJ2 LBMHKthon L•gacy 101,829 101.629 101.629 S&).537 580.s37 580.537 T1 Ihe ts8lu• is hold lh• Tarvjth Fixed Aswts.
THE LVERLEy ASSOCIATION NOTES TO THE FINANCIAL STATEMEpifs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2tr23 21 R••trktsd fund• o¥•m•nt In lund• In funds Forsel Oak Gift Fwd Litme Hav•nAmwty Fund Mrn Yort bequ•st Fors•l O•k Ben•¥olont Fund LitM• Ha¥en End(wrn•nt Fw 31.410 10.792 130.6S 148,817 168.551 20,787 31.410 10.792 130.858 148.817 188.551 20.767 31.410 15,792 130.658 148,817 168.5S1 20,767 510.995 510.99S 515.995 le to Liltte Hav•n Arrwty Fund . is • iemie wp to •xtrn +•r al Lth Th• v4ll A¥•op•w mM othvl8• fwl unabl• t¢ prth•d•. Yth eetyesl- 4 sfi by lh• A$ York lo b• us•d forth• of F(rnl 04. FN•st Oaks Residents B•n•w)leni - their 188$. •sJkNtsnc• wih the fees.
THE WILVERLEY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AIARCH 2023 22 DMlgn•t•d fvnd• The irum• luTh1$ ol Ihe Lawty Ih8 10kn. d•WJ h•w beon w 4skl• of unr••trictod fund¥ by th Irusl••s PUIp0S.. IApUZO l 2a22 •Ap•nd•l 11 Ill 2•23 Proparty •NI I1 SLsidy i•wv• Rep•k• and Imprnwm•rf fvnd 1.M,76J 915,219 1•1.046 1.988.00 915.219 (638.0631 1,3S1746 915.219 50.Q)O 2.761,912 191.046 2.953.826 (836.863) 2,318,985 Th• propwty •nd •quipfft knd r•pr•s•r)ts n•t Ik vdu• ol lh• t•rffjiN fixed ••a•ts h•ld ¢h•ritabl• puw• th• finwK•d by fur1. &nc• I lufid r•pf•8•nti •xl8tl fty•d 8M•iI Imthty h*ldiny}. It m01 b• •asty inlo •nd IMr•fN• rJnThJt bo lo olh•r Th• FM Sub•ldy Rmvrn h•• b••n ••1 lo ftkT to A6•1 r••10% who w• unabl• to nw•t t lul cost ol lh• le•s. r•p•kT and inprow•rn•rrts wrM•nts •8klo ty th• TnMt•M ltrh• finIn of
THE WILVERLEY ASSOCIATION NOTES TO THE FINANCIAL STATEPAENTS (CCWTINUEDI FOR ThIE YEAR ENDED 31 MARCH 2023 ft•nd• 2•23 nd 2023 Thd knidl 2022 nd• 2022 fvnd• 2022 702) 2022 Fur41 b4lwK•• •t 31 M•th 2023 w• r•W•••d 1.351.746 712.5TrJ 1.$09.322 ($93.388) $10.995 SW,SY7 1.912.283 1.9e8.809 712.9J) 850.C•XI 1.509,322 1.886.930 (82,3931 1423.781 560.537 2.549,146 8SO.O(XI 1,888.930 87.234 Investmenl wpert¢ Curr•rt 18ielg1(th'•blrfw•l 510,995 Z.900.1410 stO.995 560.537 4,051.712 4.>)3,TT8 510.995 $60.537 5,375.310 -27-
THE WILVERLEY ASSOCIATION NOTES TO THE FINANCIAL STATEMEKfs (COlrnNUED) FOR THE YEAR ENDED 31 AIARCH 2023 24 Op•11n9 l•A•• ¢ommltm Al Ihe r•porlng •nd dat• tho ¢tynpy had tyA•iaf¥ln9 clM#tI (or lulw• 2O2J WAhin on• year Belww tw¢ •rd yè•ri 18.797 28.710 17,368 29,038 45.507 48.404 21 R•l•t•d p•rty tNMKlk•n• Th•rn no rnkn•d p#rty in th• w y•r. th• y•#r ymO of £1.4C W•f• m•do to Rhys P•tt•rn appolil•d • InMt•• on 1SI)3r2ty24. 21 C••h 9•n•rnI fr•m •p•rnllo 2023 2022 (D1)1PUl for lh• yw 11.323,598) 351.488 In¥•tm•nl IrKoff&• rncow'md kn It••nI ol fffiw•l Lois on di•po•al of langlble fryed ••s•ts F•ir valu8 9ans and loiw• on Mw•sIml wop•iti F•ir g•n• And IoiM• on bnlMfjnts Depr•c41tvx¢ •nd inpwmwnl oll•ngiW• ftt•d 1fj8,Th)31 644,ClJ9 137,5 11X,463 20,283 (87,331 1175.000) 177,420) 113,828 Mov•rn•ni¥ in workty uprt41.. 1lncr0a8•yd•(¥•• in st¢¢k• (Incr••s•ydw•aw wi deblors IrKr••M1(d•rrn•l in ry•dft•r• 10.¢yJo 75,(4 151.539> I.108) 182.805 Ci•h lab••ts•d byVq•Mrnt•d lrnm opw•UoM (336.649) 111,870