Chvty rngl•ty•tlon ffl￿ts•r 23T•11 CoAy•ny Myl•tr•tlon nwnlxr817104 IEn*nd •nd W•l••l THE WILVERLEY ASSOCIATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 THE WILVERLEY ASSOCIATION LEGAL AND ADMINISTrATIVE INFORMATION hppthled 3M812023 41PWted 01111Y2023 nted 15r3r2024. r•svJn•d 1rn2024 ni•d 616r2023, rttwjned 513+2024. appolnt•d 13108r2024 R￿gn￿ 30101r2023 A•￿Trad 01108Q023 R•wgr•d 04W2023 APP)￿nI•d 2J4r2023. resy*d 0410912023 Reslpned 01*XIV2023 R••igntd 0710812023 jul￿ Hicks Mr•Al•x•ndr• 8 Mrn J•on Btsrk• Mfs S•ly Harnthon Ur Jth Mrs J)ann• HuJb•nd Mr P•￿ St•fiord Charfty numb•r 237911 Comploy 817104 R••b•l•rnl offl¢• Llttl• Hovon B••ul*J Ro•d S045 4JF Audltor Az¢¢sAwJrt S•r¥ Alhew Vrt)U 11>14Andowi Ro•0 H￿p$h￿• S023 78S •nk•rn CAF 8•nk Limrt•d 25 Krys Hdl AwThJo l Ma*. K¢nl AIE19 4Ja Lkryds TSB Brcfflley Vni¢ed ￿'ngdOM 8ollGIt•rn Tre1h¢mw￿ LLP The P•MI￿n GM9• 8usineM P•k 14ethJe EN1 Soulh•npton UNted Klngdc S030 2AF THE ￿LVERLEy ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION In¥wtm•nt •dvl•orn Brtsin t>olphirt knoth*•l•r P•rft Pyrw Hill Ex•t•r EX2 SFO THE WILveRLEY ASSOCIATION CONTENTS rnpcll •-io 8l•ne• sh••t i) sl•twn￿¢ ol ¢•th f 14 N￿$ to lh• fffj•n¢l•l Il 18-28 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 topttr*r 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 r￿n1th comp•nls Art￿1 of ￿80(1•1￿, th• CIxn￿nl&sAd and 'Aeo)wling •rwJ Rep￿ti￿ 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• (•l*f ol th• •ld•ty in a¢¢ord*K• 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• d￿r￿•bI•". Oui r•sid•nts and th•tr lamknl w• c•ntrnl to Th* n••d• •Thl •￿r•I￿lI •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 kntmtr￿rn•nl li •nwJr•g•d. Th• Chty's 14n M to pro¥th tdoh qualty k¢ Ih¢M w￿. m•nla*y althl. n••d IM18 ol wpptyt l• Ih•m V*ir d•Y.t￿th •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 con1￿unty lh• h)cal ￿alh tnmt. N•tlon•l Nvlng ￿•• To k••p Qui Employ•M abo￿ w In wllh fv N•1k￿41 Lmng W To monilor w•9• irv••w (*)¥•ty •nwr• I￿1 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• th￿1 •¥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 Ho*lknd Mw} and fii*Jgn 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 wa￿d•d •1 Foml H••rtland Marwrt. p*ts'ati￿, reiprt•. f￿¥•1••C4nt and TMn•bbBThnt ¢w• for the thlgrty. H the rned '*$, a s•am*88 transf•f lh¢￿th thew $w$ can b• accCoWr4h￿. Frffe$l Oak$ •nd Llttl• HI￿n bolh hJvè deejraled Actlth C•)OfthatWs who •nsuffe Ihol r•sthnls arioy a di￿11• and Ilimulatkw ran￿ ol daly ackn"NitKs iuth *$ Qu￿1￿, ￿nI1• Ox•￿1$• daM•s. th•m•d •¥*nts and m•al1. drrts p•rtNry•, •¥¢xnv)ns. filma. cth•r e￿Iert•nment• ￿ w•1 lo cAyrputws v nl•rn•t. ¥llor% are Ind v￿nI¥￿8, hnwli•i frwnth •r• •rKW•9•d to partryalo in Ihe dally •¢b"vts"¢$ d th• hom•, •ipe• ￿ Jww¥fic8nt svch as ts'rthdayi ind ￿n￿O￿￿￿•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 rt￿rn, •th'¥itvJs room •nd b¢auty ••lon. The Iv)rM b•wtlul Th*urn for to • th•d Gomlorfln9 •nvirwrn•nl. Uttl• HI￿n 1$ 4 41 b•d R•thnll•l ￿1* IAly•t•d t*Athin •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￿* fad11t￿l. Al b•droomi ha¥• •fv•urt• ltyi•t fad4b.es Mth lh• additicThl b•r•ft ol gard•n vi￿. There N a c4JmrywJ￿I 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 ¢X*mlort•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• I￿￿p•nd&nl R•iid•nti c*wiè &) •Thpy m••11 kn the rdaxed •¢M0•p￿rI of lh• 4inin9 r¢om or in lh• pri¥•w of Ihir Se•w￿•1 nvJnu¥ I￿1 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 tl*l and wr r•shlent• w• h•W ¢0 •Gwi • wido r•np ol r/rnunly In¢th*Jing 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 phy￿4 fflodk4 no•1$ ol ow r•8hl•nts bul •1 prornolt stinul•iK*n. Ind •motNJMI rfboil9. bollw• Ih•t •wry p•rty￿ d••¥¥￿ I￿nitY *rMI rnSp￿ and ow ¢h•lty r4 d•¢lKat•d to urtholtln9 th•$¢ By los1wi￿ • of (>)MM￿￿ty and boknryrwj. we a#ib lo corn￿1 londijwai •ThJ 16dabon among thg ¢ld•rfy poNA81kni. ¢Jodu￿0 *•ff rn•mbern wvk tsresesily lo Ihat each resident rtt•1￿8 pIr￿n￿￿￿ ¢w• *nd •tt•rtlknn ts￿1•d to th•ir n••ds. Through our rth•rrt•bl• •ffoth. M•k kn m•k• • poJibv• Irwd on th• Iw• ol •hJ•rty in OUT op•rntions. 80¢1•l lfi¥Mbn•ntpoll¢l•• W¢ ar• ￿mm￿le￿ to mikn.ng • pos￿.¥• ¥oci•l Ihwh my•￿m•r￿1 and irdi1ati¥￿. W• l) In th• p￿1 ol ￿c￿l Inbwtm•nt to cr••1•118￿1￿j ¢hn9• •nd *NYo¥• lh• Iw of Iho•• w• Throu￿ ¥tr•t•g￿ inwilm•nts in our (arn hcfft fat¥kn"n, woNr•rn•, •rKI ••Thry￿. •in la •nhvr4 lh• qull'ty ol kn"f• wr mwd•￿tI •nd c£rtriPArt• to w•14wry olth• popul•lvi In •d¢*tion to corn so￿￿￿1. we w• to ofiw Ihr•e t1￿¢￿)1¢nI ful￿* indMlud8 in need of •upport with Imlr l••$. 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 Inb*sliig Sn thli ir• •bl• ¢0 •xt•nd ow r•*Eh and hdp those VA￿ may not otrw*JlM h•¥• •¢c•$• lo r¢•ow￿l th•y n••d. To b• •h'gibl• for C￿lId•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• #scr￿¢d lo ￿￿¥0￿1 fvnrfs auets li IATrt•(I, th• Trustw• h•tM Ml • for •￿•*r￿. Is k•pt und•r r•¥lv*. Oyr sociol r￿•￿Th￿l itr•t•9y 1$ gu￿•￿ by our lo Ir•n•p•r•rKy, •cr*wrtablity. *nd thc•l •iewafd8hlp of r•$our￿$ ¢¢4￿n￿Ou8￿ ev•￿￿1• lh• knp•ct ol wr rn*m•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 ￿N*ju•l8 w• ¥•lu•d wpport•d. ol ¥olunt••r• %fyhil• TM A$8oci•ts"on h•J nol I￿lY b•n•frttsd from the irw ol v(knt•W8, Other tf•n th• Iwst8•8, to the •xl•nl il W￿ld Id*•￿ lthe. rt i• gratofrA to al the pgoplo wlK> volunlarty 9N• thetr v¥uabkn lkne to •n8uro Ih•t •nd •(*¥ll*s we dels¥ffad lo th• poosth 8l•*•rd. THE WILVERLEY ASSOCIATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AMD STRATEGIC REPORT) (CONTINUED> FOR TIIE YEAR ENDED Jf AIARCH 2023 Slrnt•ilc v•port Tho tnji1￿l, •r• d6r•rtorn lor lh• of ¢omp¥y ￿. w•wit th•lr str•twc r•i*xt fryth• y••r lA￿ed 31 Marth 2023. lin eJ)mpl"an¢• wfth ￿lIc Df Ilw Comp•nwkt 21W. FIna￿l•l Th¥l•w FNrKial r••ylts for Il* y••r •rthd 31 2023 arn th• *al•m￿ xb%ili•x on p*08 1110 12 wNh the &•so(i8t•d as￿1# aNI h"abilth• ••¢ OLrt ￿ the b•l•nr* sh••1 on pty• 13. Th• ￿•1?￿￿1 ol calh flowj lor th• y•ar ts on p¥¥¢ 14. Svpwtty not•s to lh• acctyJntB ar• on p•gei 15 to 29 •wKI prcMd• •dditlon•l inlomwlknn io lupwt th• th• m•kn Itai•m•rt& TolAI Incoming 1•wur￿l lor th• y•¥ I¥￿ t4,388.969 (2022. £4.709.4521, r•wurc•$ •¥w￿d 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 ￿l￿￿1•r I buM(In98 us•d by For•it O*kn Ind Lhd• H•bw. Ai a mailer of pdity. th• TI￿tea• rngubrly miw th• V•1￿ ol Il* rnlorv￿ r•tyk•d to b• h¢kl kn 1n¥e•lffl￿ts, cmh and e*sh •q￿VIl•nts Ml n61r￿*•d to or delig￿1￿1 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•d￿1￿M 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$). Th• Truil••s Contsr￿ lo •¢hw*tNhty of Ih obhdlv• again¥1 th• c•nl•*1 af in Iho •n¥wonrrfft* ••th I￿rnI off•rJ lo ils I•￿entI. In ¥d￿￿On lh• dwrrty has d•*nat•d of Q.316.9SS (2022: E2.953.828). Th• Equipm•nl Fund 01 £1.351.748 (2m. £1,988.6091 reV•￿nIS lh• nel took ol fix•d •88el6. whlth h￿￿ b••n pJrc*wt•d Thllh unr•strth lund•. TIM• fvxk•d **0 lh• v*u• ol lh• homes and Ih•* ￿oL)ll•d wyl fittsry• and th• b• f•l••wJ onty bf on• or bolh ol th• horn•• wer• Thè Rop•irn •nd Impro¥em•nl Fund ol E50.0(KI (2022.. £50.(rfX)) is lo knd rn*r f•p•h. •nd n•1481o lo hvin •$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• IMlb*rf•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 01￿￿*1• n8•d to home• bo¢auM ol IW r•thJc•d f￿￿81 ¢¥wnitwc•s. T￿ TnMle•s wlin aCtr￿ty 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 ev￿lI10n$ *)d "bAlanc4d" ri6k Porf￿￿. as ath4i••d ty their in¥•*n*rrt 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¢•rt*lntl•• Rl•* m•nao•M•nt As • car• hom• chirlty ded¢at•d to c*• •ld•th If￿hAdu￿•, rncoonl8• the Imprytw￿0 ol identty'ng •nd m•n¥9irvJ iigki ￿ en¥w• ts iJf•ty •nd wevbety ol r•s4l#nts. $18ff. and s1ok•holdei8. Our Olganisa￿On M c4)fflfflthad lo fflanlaw¥ng a r(*rt￿l m•n•9￿¥￿I tr•mwork that lo Pro￿￿￿ty 4th¥$ thr•41s •NJ unc•rt•"nl*s 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 re￿on* pkn• to 2. Fln•t)&•l R18k$' A8 • ¢h•rty f•li•N p•n•rnl•d by ¢h•ril•bkn •thry1*o. w• w• •xpoMd lo th•nci•l rii such as fluctuati￿ In inc4Jm•. nwg owr*'ono1 c4)•ts, •rrfl econorn￿ wurt•'rrfies. Vlkn closety monilor our tln•Th¢iil p•rfofrn•nc• ond fmnwl rn•wbw. 3. A•gul•lory Cthr(*lian*X Abskn.. cOrr￿r￿• t*ith r•guhlory nqu¥•rn•nti •r41 sl•nd•fds ￿ •Mgnllo1 lo Qur op9r81￿ns. h•v• •slollrth¢d iobust gov•m•rK• •tr￿lUr•s, polwxi, WKI pro¢•dur•i lo •n•u¥• Lwyllanc• w*h r•knni lo￿. rnguthlk)ns, Ind b••1 tho c4r• leclof. 4. Reputati￿ fl•ki'. MaIrf•.￿rt9 4 * uu¢K•l to Quf ¢JkgnV• •e¢r￿ty manag• rf•k8 f•l•t•d to pe￿JF￿l0n, 4t•k•hold•i rn18t￿*￿P8. and rned￿ S¢￿1￿ by womDbng tran8p•r•nw. eth￿1 nd(￿, and op•n tyJmmwik•tion. Our ri$k m•n•g•m•nt •ppYo•ch *ibr14w 1•g￿r rt•k •8uwn•th8. *rt•mal cl1￿01•. Contr￿OUl monttorkng ol key rllk kn*Yc•lors. We wa0• wlh $l**lKlO•rn. 8••k •Mp•rt •ty*4c•. •nd 6l•y inltym•d •boul •m•rgiW ts> •nh•nc• ow rilk rnana9rnl prKtth. 8y rhk m•nWrn￿I •Thl low•rd• •ddr•Mlng poknthl IhT•4ts. w• ilm lo •altyyaid th• Inter•st• of tyJf rngthlls. ilaff, donorn. •nd th• W￿•1 cryrffjunhy Ow c(¥nrr•lment lo tisk man¥gom•nt und•r•¢or¢fy twi d•thc4lhin to d•lvdfry fmghqualty ￿r0 •Th1 th• Iruil •nd c4JnfidMc of￿ th￿• w• i•fv•. K•y bd•ntlft•d rf•k• RKruilmenl r•malThs 4 chaif•n9• wllhkn lh• a$irfi•l￿ du• lo • lu[KJ￿r ihort•o• of Thurnlty l￿ff. 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 oJmr*tlb'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 I￿j rav•hJ ffwrt(￿ng ol •t•ff budgets ba a ￿0{￿. Al Foreit Oaki ¥r#J LJM• ￿¥*n, w• b•nafrt Irom • ￿￿￿&*t￿N￿hod cw• t•￿ •nd w• r•mth gr*￿ul 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•UM￿l. Both build￿98 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• strat*9￿ 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 8htr*n 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$1 Trnstses who wv•d tr• yw w• shown +)A fv frf%t P•9•, ai •t I d•1• ol lh• of thi• r•wt. Th• Tr￿t•ts r•gul•rty lh• cunpo•Mth rf th• go•rd. Th• Tru•l•oi &)ok •1 lh• bl•ftd ol •xp•n￿￿ *n& Ikdl8 ol al TnJ3t••• lo th•1 Ih•w th• n••d• of th• C￿rfty. •rft•, • r•uuXm•nt drive is undorl•kw. Fowwry • nwrt¥•r ol f••lgnthon> lh• Chwly r•cru*¥ •dthtion•l tr￿1￿* lo •n•urn •n •thqual• Indu¢llon tr•lnlng of InMts•• Tw$tM• •r• iuu•d with A lul th• iuoo•lp)M p•¢k, In kn11tyj￿tkn lo Th• W￿9￿¢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¢r￿n￿ •fè t￿ per￿n11￿ ty l•mpor•ry CN•l Ex0￿1￿* OffK*r •r#l t••m. Th•lr ￿MUr￿latIon li *yro00 by lh• TnffjI•w. Ory•nkn•tlon•l itructyl• Th¢ l•mpornry Chiel Exec￿￿¥ Offw * f•¥crnibl• lor lh• d*tfyd•y m•nageff*nl 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 Stand*ds (Unrt•d KJ"ngdom ACc*t•dAcxfj￿ttrtO ￿¥¢1￿¥). Compwny L¥w rwmres Ihe trtMlee> lo propw• firnnrial 8lat•mnls tr •ach finar￿1 )•ar whkh • Iru• and 4i•w ol the stste of 4flairn ol ch￿*b￿ C•Jrnp4ny and ol Ihe Incornry r•wu* •nd Ipplc•iion ol re￿￿01. 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 Acco￿kn￿ Sl•ndarth hm b••n subJ'•ei to any m*l•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(Kn￿Try 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, w*s *pm•d by Ih• 8o¥d of Tnffjt•••. Ais c P￿d 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 adm￿8. th• bJL•rK• •he•l, lh• st•t•mfArt ol ￿•h fiows •nd nol•• to thè f￿￿￿11 •tat•mnts, Wts•s. The fiThanMI repth'ng fr•mvwo Ihal has bgen ¥ppW In thw Pr•pwa￿On is apphcat4• law UThl•d Sl*rthrdi, Ir￿udIng FMi•noal R•portKI9 Slandard 102 Th• FInartI￿ R•pytsry Sl•ff#la￿ tho UK •fftl Rgwth rf lrnl•Thl IUnit•d Klty*kni G•rmtyAcntrol 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 •*￿$1￿ chwltab ¢wnp8ny's ab4ity to conlN• 41 0 gokng c¢wn, th"s¢kn*ng. al WI￿*•, maU•r• rnlat•d 10 90ty ¢on¢•m •ryl uiing th• 90ir*g rg)nc•m bail• ol I(￿Un￿n9 wl•si tho IN•t••s •ther witend to htyxlat• th• C￿ll•b￿ c4>fflpany or lo c•••• ¢p•rnlh*)•. or h•¥• no att•malfv• to do 80. AydlW• rn•p•Mlbllltl•• lor th• •udt ol th• fin*￿1•1 •t•l•m•nts A lurthw of ow a¥al•bl• on tho F*wKa•l R•portiw w•b￿• at.. http•Jl ww.frc.wg.ukJ¥uditOfiwpon•ty41*s. Thls d•$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 rK*FcoryllW￿ 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" m￿*￿1￿Men11 of1rr•9￿"•l. tra￿1. l+* olth'n •nd upd•t• of the •tW. acbV￿•I. ils control •nblrOM￿rt. ￿(Ure d*v¢b¥fftnt•. Ind￿1￿9 m r￿at￿n io tho lty•l rngulalwy framv•crfk •ppk4bl• VKI Ixy* th• wlty l• CDmpty6ng wSth that frarn•work. 8•Md on tr#A wtht•M*n9. w• bknkn.fy #nd the rrtk8 ol m•thriil Irtis￿al0ffl0nl 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• Ind￿￿8 consid•ratlon ol th• rtik ol a¢ls by b)• •nlty th•t wer• (¥￿ to •pF*okl• *nd rvgul•lw, fra￿1. In r•spon80 to lh• riik ol *m4id•r*kn• non<￿p1a￿t 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￿￿ ar0￿d •¢*wl htig•lkn) •nd d•wn8 •¥ w•1 as adual. ¥Thl •1•9•0 fra￿1. . R•¥￿￿9 rn*nut￿ 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 ￿'￿ID￿rI* •nd t•s￿r￿j to Iuppm d￿m•ntaI￿ to al￿# ¢(¥nplarrt• th •pplubl• *nd leg￿•bO￿l., . PertoThing a￿lIt D¥W ¢h• ol bl•$ of oorttokn, t••lkng ol journal •nlrie5 •nd oth•f •djuslffl•nts lor •ppropn"*t•nui, •valuabrvJ Ihe b￿lIn•S• rn1kv￿• of slwffic4nt tr•n••Cl￿n8 oulwd• lh• wnw ¢ow of •NJ ••tr.m￿•I h)r •)thc4tM ol potent￿1 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¥ Ir￿1•￿1￿1 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•$ulting from Irwd h 1¥gh•r Ih•n kn on• I••￿#¥j from •nty, •J fraud may Ive fory•ry, Int•nI￿al ml•l•w•i￿￿4QTh•. ty IM of c•ntrd. UM gt gui rnport Th1¥ r•ptyt rf mad• lo ￿ thwil•bl• CAxffiP￿y'I m•mb•rs. •$ * t)ody. wi accOrdw￿ wth Chwt•v 3 01 Part 16 of lh• c(wn￿n￿lA¢t 20C¢. Our I￿11 WO￿ hn• been th•t w• M￿h1 $t•i• lo lh• th&rltall• comp•ry'• membors Ihom m•tt•r$ we •w wur•d to state lo tr*m 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 Ol￿r Ihan th• charil•bl• ¢omp8ny and the ¢horil#lM¢ COM￿n￿l 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 a￿d on b•￿N olA2•ts Audlt s•ThI￿0 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• In￿stMentS 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 InV￿men¢ 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 Tot*1 •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•lvK*S •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,$37 4.051,712 5.37S,310 The stal•m•nt ol fflnanu•l inchA•• al w¥J W)M•s r•CWM￿ In th• yow. Al Inc(m• •nd •xp•ndiluf• from c*)nlYKw4 •dr￿t￿l. The 8tit•m8nt of r￿cial a¢*"441￿8 th uJrrW• wilh rnqwr•rn•rts lor an Ir￿￿￿• and •xpaThJllur• acco￿1 undqr the Ctynp•nie$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 D￿*110￿* and leqaci C￿ritab￿ •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 In￿lImOn¢ m4￿9•MInI cosls 12.707 12,707 4,S94.tt17 4,594,687 Tolal •xp•*r• 4.e07.404 4.607.404 N•1 Ir*Al￿n9 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￿￿$1m•￿t prop*fy Invown￿% 17 4.134.105 S.288,078 urv•nt ••••l• D•blo Ca•h ￿ b•nk and in hand 186.874 285.476 150.7e 472.350 459.172 Crndltorn.. *m•wrt• f•lllw du• T*lthln •n•y (554.7431 {371.9381 N•t curnnl lknblrfi•iVu••ts 87,234 Totsl l•M ¢¥n•nt lathllltb•• 4.051.712 5,375.310 C•plthl lund• Endowm•nt I￿￿$. g•rwr•l In¢om• lund• Reslrlcled ful￿4 580.537 580.537 21 515.995 510.995 0•8￿n•t•￿ funds Genor•l unr••lrtl*d 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 $l•t•m•Ats ww• Ilw TN¥h•• M 27 P*Mn*)•r 2￿24 Mr$ 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¥l*x8 {338,8491 181,070 PurehAs• ol taTh•blo fix•d (27.129) 273,145 86.fy)3 ($9,413) rJi.8241 87.331 In¥•ilmont T￿￿¥•d Il•t ￿•h g•n•rnt•d fm4lu••d Inl ¥￿0￿9 *eUvltl•• 313.719 N•tea•h u••d In Iln•* •thlll•• N•1 IdKrn•b•Nln¢v•M• In ¢••h ¢••h •qulv•l•nl• 157,964 C•th Ind •quh•l•rt• •1 ofy•w 306.4 150.442 C••h •Trd u•h •qul¥thni• •t•fftd •1 285.476 14- THE WILVERLEY ASSOCIATION NOTES TO THE FINANCIAL STATEMEpirs FOR ThIE YEAR ENDED 31 AIARCH 2023 Ch•rtty Infvrn*¥oTr Th• Wfvort&y A8gocwlth kn * pfN4t• ¢oNwny bmrt¢d by gu•r•nl•• WKtyPty•t•d in EnkthrAI and bV•le•. Th• reginlerld offKe 1$ Lrtlle Ha￿￿. Be•Uh￿ Ro&J. ll.bden Ptstheu. S045 4JF. 1.1 A¢¢•urttlng ¢onv•nlloh Th• fin￿￿￿1 itAt•ll1•￿ h•w b••n ￿p¥•0 m 1¢￿d￿ oknl•blo cAnpty• go¥em¥wJ do￿1￿0n1. th• Compw491 Act 21XI6. FR$ 102 Yh¢ FinIn￿l Rgp¢Yt1￿ s14￿[d Ihg UK •r R•p￿bIle ￿ Ir8land' fFRS 1027 •nd th• Ch*#*s SORP"A(%a)unling •nd R¢p￿tIng 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 FIn￿A￿l Reportmg Slandard aptknbkn n t￿ UK ol If•￿d (FRS 1021" l•le￿i¥8 l January 20191. Tho c￿rtta￿• ¢¥#Trp*)y 1$ a P￿j1￿ 6•￿fil Entity ￿ d•frnd ty FRS 102. Th 8tst•m•nts ￿ w•pw•d kn *•r*K4, TA*kh li th• wr•nw ol th• (tsliabl• ￿tY￿ny. Th• fin￿¢1•1 st•l•ffwts hm b••n th• hY4lori¢d ￿¥*Ji￿od lo lh• re¥•￿•t￿n 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•m￿lI. 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• •v*bl• lor •1 h dIw•t4￿ ol lh• in hMthr•nc• of Ih•br chawl•l>l• obj•cll¥••. OMignat•d 1￿mIS hm Ml •1 I￿ ol th• ¥p•ci rpow•. Th• pwpo••$ *nd ol thwn*l•d frJrrfl• *• Ml out rM)tM io th• Itthtoffh￿Il. Rulrict•d lund• •r• iubJ'•cl lo sp•ufK condit￿9 by don¢x• ￿ lo Ivw Ih•y rnay b• UMO. Th• and •• of lh• r•S1￿1•d knidi w• Mt in th• Irf￿1 ts th• ffinan¢W $t•l￿nI8. Endowmmnl fvnds w• AW lo 8p•ulc by Ih•l lh• ￿pI*l mu81 b• rnalN•w￿d tyy lh• ch•rrt•bkn CoM￿Y. IA IKom• InccAn• il wMn th• ¢*•riL*l• conyny l• •ntllgd tyj k •ft•r ￿Y p•rformanc• c¢)ndMlgn• bo•n n￿1. amounti ￿ b• nw$w•d ￿. ¥Thl tt i• Pfobabl• th•1 b• rttthv•d. F•8 roeA)onkn•d in lh• Iha¢ IM ￿￿¢•￿$ prowtsl. I￿lmO Irom go¥•mmefil clher i¥ recoqrymd •1 f•ir W￿￿e chmty •rtrfknnwrt •ft•r any pertoThnar￿e 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. I￿8 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 tr￿sle1 of b•r*fits ￿ b• reqthd th• affl¢MI ol oblNolknn can be M￿Sur•￿ r8baW. Expenditur• rd da•51￿1￿ by *thity. Th• costl ol a(Irdty •r• rn•d• w ol th• totsl of c•¢ts and Ihored ¢oth, wKhJdir¥J support inbr*W *) 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• btr￿n tho4• actNilw$ on • b•$is rJM8tsiont wth th• 4A• of r••owc•8. CwKro1 ltaff ¢osts w• alknxl•d on tr• Iwi• ol ITh• 4nd dOPf•datlon Char9￿ If• ￿10¢8140 on th• pN11¢￿ ol tl* •M•f• um. lj T•rylbl• lix•d *•••ts T￿91t1¢ fix•d as￿1$ ir• initi•ty nw*w•d al Ca￿1. n•t old•y•ts*ts￿ •fry thpainr*)t bM••. O•prw* l• r•¢ognl••d w •* io ly ¥•1U•lK￿ of •••el8 fwl¢kwl nlu•s ovar th￿r u#ful h'w• on th• IrAlry*iNJ b•s•s." Fr••ttokl l•nd •nd Fuwres •nd frtbr StrWt In• butr￿n 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•r￿1 •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 md￿1¢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• su￿4V•nIty m•a•urod •t Iw'r ¥￿• •1 •ach fwlkng dal•. Chaw kn fw'r ¥alu• ar• r•cogniwd in nel income1(•x￿ditUr9I 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•bi*4• th• c4ryin9 arnounts of its lang1￿0 aiwti lo del•rmin• wh•tr*r Iher• N •ry Thlut*)n Ihat th0￿ 4M•t4 h•w suff•r•d an ry•rmnl hm. If •ry $u¢h inth'ixtion 9￿018. lh• r•¢0¥•￿)le ¥Arowl of th• 4s•t 65 •slthAled in wder lo O•t•rnlM lh• ol th• inVmi•nt kn•• lil any). 1.10 and u•h •qulv•l•Thts C•sh and cash •qul¥•knls Inc*A• ¢Mh Yt trwd. ¢laFo￿ls ho￿ •t with b•th. clher liquid inv•stThnlB with matuths oltlw•• mrrfth ry l•M. 8nd b*)k o￿T￿raft*. THE WILVERLEY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (coKnNUEDI FOR ThIE YEAR ENDED 31 AIARCH 2023 A¢¢•untlw poll¢l•• IContln41•d) 1.11 kn•trum•nts Th• ch¥rit•ble CCrfry￿y hlls b) •pply Ilvj of 11 '9•ii¢ Finjncwl Inilrum•nts' •nd Sq¢lk*n 12'01her Finanthd InStruM￿ts l$w•s' ol FRS 102 lo ¥N of IMtruTh*nl•. Fknand81 InslnJrn•nls •r• r•cowbJ•d in Ihe +*wrt•bl8 b*anc• lh￿( whon the d￿rtabl¢ ￿mp•ny b•c•mu p•rty lo f4ntr*dual prtr•I￿ONs ollhe Fffianc481 assets l*blths 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 as￿1 •nd s•tt* lwbl.ty 8irrnjm￿￿￿ty. 8•slc 1knonn pnc• ituding iranuL#ian costi •r• suh•qu•nlty al •m¢xtl••d cofl uwng th* *rIe¢t￿¥ Inl•r•sl mathod unths th• •rr•rffj•m•nl ts)nsbtut•s a finAneirffj traMAcllon, wher• th• tron￿CtIOn is ffloaourqd at lh• w•wil ¥¥k* ol lh• fulure r•c•yts dwc¥yJnt•d at • ffwk•l rat• of irrt•rwL FIn￿￿1 ••MIs d•8srf￿d as f•c•vabl• wlhln om y•ar w• not ¥rthXi••d. fin•na41 Iwblth'•s. ind￿1*¥4 ¢x•thtty• art inib•ty r•u)oniMd •1 trww•clwJn pFK• urd•si th• •rr•ng•m•nt conslrtules • tr*ns•thon, wh•r• th• d•bl knslrumnl rn m•¥urnd al lh• pre••nt v*u of th• iulur• p•ym¢nt• drf¢ouftt•d •1 a m•rknt r•i• of inter•$l. Frnndol l*bllll•• d•ull•d M ￿y•ble withln on• y•af w• nol wnrytimd. Trad• ¢r•thlofS *• oNy•b'on$ to p•y lor g(K*OB Ihal hm bwn •¢qiMr•d in th• or¢J￿￿ courn• ol op•f•tioni froffl supphern. Aff￿nts p•y•bl• ar• d•#wfwd u cuml &•bth'b•• rf p•yrnenl 18 du• wrthln on• y••r Of l•u. 11 nol, Ih•y *r• Pfew*led •* nortr¢uty•nt lthlik•s. Tfad• endrtorn af• r•¢¢*r￿N￿ knltiAly 41 trnnmctlon pri￿ wyl lubwuenlty m•Mwed •t cost u*ivJ Ihg oll•Lliv• int•r•Jl m•lhod. Ihrnet)pnltlon •lftnanelal Il•bllh Flnoncthl habilti•s ar• der•cogrAMd th*￿• th• ¢*￿￿1*b￿ rjmnpww'i C4intr•¢Xu•l oblpallon$ •xplfe or aro di•&wged or r•n¢•ll•d. 1.11 T•x*t Th• tharil•bh c4Jmpany is •x•mpl from d￿r￿lts1• *CAIthI 1.13 EnWoy•• b•n•flt• The cosl ol any urw•d holwJ•y •nIll*￿ N r•cwwMd in th• pwwd mi vJhi¢h the ernpkny••• Mr¥1￿$ ar• Terrnlnallon b•n•frts recwM•d Krffi•d￿Y 4• an •¥p•n* wh•n ￿￿￿table comp•ny Is I￿on#tr0bfy ¢¢¥Mlrtlod to lermin•te •mfknym•nl ol •n •mpkvrn or lo provkl• l•rnrnlwn ben•fd•. 1.14 R•llv•ffl•nt b•n•fft• Paym•nls lo def￿ conln.bthn reb'rement ber￿ •5 •n •xpen•e •5 they fttll du•. 17- THE WILVERLEY ASSOCIATION NOTES TO ThE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2023 crtlk*l a¢¢ounlln9 Ml*r•*• •ndludym•nl• In opplutKrt of lh• dwrit•lAe ¢tyyry'8 acCK￿01￿9 P￿01. th• truit•o3 rA• roq￿ to mk• judpemenls. estkn•t•s and •s$Ump￿S abwl Il* •fi￿Tht of a$￿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. •$llm•t8s ar• r•(YJgM•(l in th• p•l￿d kn whith Ihe ubm¥t• li mrt•d wY*rfe th r•visM 4lY•ct$ that por*)d, or wi pl￿4 ol lh• •NI lulum pw*)di WI￿10 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 unfo￿￿thd lund• lun 2023 2022 Harnp•hir• cow￿1 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 Ur￿ltr￿a 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 G0￿M*￿ costs (att n(ts g) 263,923 17. 67.633 11.$80 4.773.342 4.S94.897 19- THE WILVERLEY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AIARCH 2023 2•23 Swptsrt 13•v•rn•n ¢o•t• go•l• 2•22 ¢o•ts L•gal and Proth￿On fe01 C(￿lf4￿0r 197.178 06.745 197,178 e6.745 87.833 67,633 dlt l••• 17.SQ) 17,S(Xl 11.580 11.580 283.923 17,5(M) 281.423 79.213 10 TnMtM• Payment• tol•kng Er￿ (2022." £138) rn*d• ol tru*•i In Tdthl￿ lo CRB ¢h•¢k•. 11 Employ••• 2035 Ilumb•r 1022 Nwnb•r 11fj EmW•ym•ffit ¢MI• X12) 2022 Ml•n•• Soo'al #￿rity cos Oth•r p•nsin costs 2,828,521 197,106 47.519 2.738.606 207.059 Se,498 3,071.148 3.002,163 •r• •g•r• eosts ol £891.484 (2O22.£X15,￿l Th• k•y nwi4ym•nl p•r¥Mirnb ol lh• th• s•n•y m￿l9e￿¥￿I t0￿. Th• lolal •mploy•• fits. cL¥ry>risirwJ S￿￿ry •rtd pen•kn of Ihe kny m•1y￿1 pOrK￿n￿ of Ihe th•tYy ww• £384,40312022 £265.7771 2023 Nunknr 2022 Numb•r t￿.{￿¥1- £70.OLI) The Kting CEO was nL* an empkny¢• •wnl 1•n￿ne[all1￿ 01 £14S.145 duriTrJ th• yow. THE WILVERLEY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 12 Lo•• M dl•pM•l ￿lIX•￿ ••••t• unrn•t￿I•d fvnd• Total 2023 2122 N•t rft•mg*l• fix•d •$se 8M.009 Foknw'rtg • I•¥￿ of lh• •$s•¢ rogi$lw J￿Ing 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 Revalual￿fi 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 G￿n$Ad 1992 to ￿ •xl¢nl th•1 th•$• •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 r*rncknllon Ind Al 2022 Dgpr•c*otN ¢h•rg•d in the y￿r 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 M*rch 2023 712,SOO Th• I￿r 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 $54.743 371,938 -23- THE WILVERLEY ASSOCIATION NOTES TO THE FINANCIAL STATEIAENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 End*￿TM￿ fund• m•rt In fund• • •nd JI Ilw£h 1023 E P Clarft L89aLy G F Clwk L¢91 AMcHA)d￿ Legacy AFN￿￿t 48.130 48.lY) 48.130 211.V3 211.943 211.943 126.7W2 126.792 120,PJ2 LBMHKthon L•gacy 101,829 101.629 101.629 S&).537 580.s37 580.537 T1￿* Ihe ts8lu• is hold lh• Tarvjth Fixed Aswts. THE ￿LVERLEy ASSOCIATION NOTES TO THE FINANCIAL STATEMEpifs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2tr23 21 R••trktsd fund• o¥•m•nt In lund• In funds Forsel Oak Gift Fwd Litme Hav•nAmwty Fund Mrn Yort bequ•st Fors•l O•k Ben•¥olont Fund LitM• Ha¥en End(wrn•nt Fw 31.410 10.792 130.6S 148,817 168.551 20,787 31.410 10.792 130.858 148.817 188.551 20.767 31.410 15,792 130.658 148,817 168.5S1 20,767 510.995 510.99S 515.995 le to Liltte Hav•n Arrwty Fund . is • iemie wp to •xtrn +*•r al Lth Th• v4ll￿ A¥•op•w m*M othv*l8• fwl unabl• t¢ prth•d•. Yth eetyesl- ￿ 4 s*fi by lh• A*$ York lo b• us•d forth• of F(rnl 0*4. 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 L*awty Ih8 10kn.￿ d•W*J 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 I￿￿1 SL*sidy 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 •quipff￿￿t knd r•pr•s•r)ts n•t I￿k vdu• ol lh• t•rffjiN* fixed ••a•ts h•ld ¢h•ritabl• puw• th• finwK•d by fur￿1. &nc• I￿￿ lufid r•pf•8•nti •xl8t￿l 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•1￿1n9 l•A•• ¢ommltm Al Ihe r•porlng •nd dat• tho ¢tynp￿y had tyA•iaf¥ln9 c￿l￿M#￿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•r￿n appolil•d • InMt•• on 1SI)3r2ty24. 21 C••h 9•n•rnI￿ fr•m •p•rnllo 2023 2022 (D￿1)1**PUl 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•sIm￿l wop•iti F•ir g•n• And IoiM• on bn￿lMfjnts 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