REGISTERED CHARITY NUMBER: 247231
Re
ort of the TThs
W Smedl

sws
Contents f
Financial Sta
Pag¢
Epitome
R¢port of the Trustees
2to6
Report of the Inde[￿dent Auditors
7t08
Ststemeni of Financial Activitie5
Balance Sheet
10
Notes th the Financial Stst¢m¢nts
Detailed Statement of Financial Activities
161017

itome
for the Year Ended 5 A
Samuel Wallace sm￿leY died on 27th December 1958.
Under the tern15 of his Will he devised and bequeathed his residuary estate (subject to a life Énterest for his widow who
died 5th May 1964) tt> his truslee5 upon tru51 to purchase land5 in such parLS of England and Scoiland as they dttmcd
suitable, preference being given to those districts in which the testator had been engaged in the fruit growing busines
and to erttt on any such lands a house or houses for th¢ fr¢¢ Occupati￿ by such aged and nttdy and deserving ￿r$￿￿5
&$ the tswstees select. As an altemalive, the trustees are empowered to purch￿ lands with a suitable house OT houses
erected thereon. The trustees are to retain suffi¢i¢ni of the residuary estate for the repair. insurance and generdl upkeep
of suth home or homes and payment of all oU￿oi￿gS thereon.
The decision &8 to th¢ persons $uÈtsbk to be pmvidd with fffe homes is ￿ the absolute discretion of the trustees.
In 1966 1969 the ts]￿tt$ purchased freehold land ￿ Cannon Stre¢ Wi5bech and at Blairgowrie in Scotland and have
built Old Peoples, Homes on ihose sites. A further purch￿ of freehold laThl at Cannon StreeL Wisbech was made by
the trustees in 1977 on which three bungalows were built in 1983.
The trn$tees sold a]1 the prowties in Blairgowrie over the period June 1993 to Ma￿h 2007 ￿ th¢ h(￿se$ became va¢oni.
The118t house and remaining land with planning pellnission foT six Iow-COSt houses were sold to anothercharitable tDJsL
the Seryite Housing Association.
The tru51e¢s purchased two bungalow5 in E￿t Dereham. Norfolk in 1992 and a further bungalow in 1995. No. 29 Trinity
Close, Dereham was 501d in Febnjary 2006 and No. 7 in D￿b¢r20l1. Thc1&stremaining bungalow, 24 Trinity Close,
was sold on 14th May 2015.
In 1993 and 1994 the trustees PUTchased two cottages in Ston Easton. Bath. The sold Wootside Cottsge in May
2003 and Rounder Cottage iti February 2005.
In 2001 the tr]s¢ees purchased two prcyerties, No's. 8 & 10 Clemens str￿ t£amingt(Mi S
The ttustees purth&s¢d shares in the National Association of Almshouses Common InVes￿ent Fund under a %h¢m¢
made in 1962 by the Charity Commissioners under seuion 22 of the Charities Act 1960 for the benefit of Almshouse
Charities. In 2008 the trustees resolved to move funds within the National Asso¢iatM)n Common Investment Fund to
Quilter ChevioL
In 2009 trusiees acquÉred two parcels of land at 4a Cannon Street and 38 West Stree( Wisbech. A further piece of land,
37 West Str¢ei h&$ been acquired on a 125-year le&se with an annual renl of £2,500 subject io review every ten years.
Th¢ allnual reni is accounted for &s direct charitable expenditure.
In January 2011. the tru5t¢es purchased 'Riviera", a bungalow on Cann(m Street. Renovations completed during
2011 and it is now the warden'5 r¢sidence.
Durtng the financial year to 5th April 2013 WO￿ was complets4 within budge¢ on the development of four flats on the
th)ve-mentioned parcels of land.
In October 2015 trustees all a￿Ced to PToceed with phase 11 of the dev¢lopment of the above land. The construction of a
further len flats w&4 completed in De¢ember2018.
The re5iduary trust hos b¢en registered &s a charitable trus1 under the Chariiies Ad 1960 and has been all(￿ated the
number 247231.
Page I

The tsustees present their repi)rt logeth¢r with the audited financial sthtements of th¢ Charity for the year ended 5th April
2023. The trustees ¢onfJrni thai the annual report and financial stat¢rn¢nts comply with statutory requirements of the
Trusts goveming documeni and the provisions of the Statement of Recomtnended Practice {SORP). applicable to charities
prepartng their accounts in accordance with the Financial lieporting Standard 102 (effective l January 2019).
OWECTIVES AND ACTIVITILS
Objeetiveg aDd
The obje¢tiv¢s of the clwity are the reli¢f, either generally ry individually. of elderly andlor disabled persons who are in
condition5 of ne¢d. hardshRP or distress.
There w¢r¢ no changes to the obFrtives of th¢ (knrity durtng the year under Teview.
Sigrtifieant activities
The Trust has provided accommodation in IK4nes in Wisbech for elderfy and deseTving persons.
Public b¢nefh
The TNslees have had due regard to guidance published by the Chartty Commission on public benefit and are satisfi
the TtUSt meets all the rel¢vant crittti&
Progress and ower¥iew of eh*rity
The Charity has bec￿ resP￿sIble for mainlaining the following homes ￿ residents during the year..
51b Aprll 21123
5th April 2022
Homes
Residents
H(ffnes
Residents
Wisb¢ch
30
30
30
The costs of maintaining the above homes ar¢ more particulwty idents.fied in the annual Attounts. This Charity also owns
properti&s in Warwirk5hire for th¢ use of Age UK Coventry & Warwickshire {AUKCW). for which a reDtsI income is
received. AUKCW PTovid¢ a wide T￿ge of facilities for local aged and needy per￿Trs.
Page 2

Re
ort ofthe Tn￿lee$
for the Year Ended
ACHIEVEMENT AND PERFORMANCE
Chsritable aetivities
During the year. the Tru￿ continued to Provide *comm(thion and grant assistance to assist elderly people in need. The
Trustees also continued to provide management support to our cmploytts: the Wardens at Wisbech, and continued to be
satisfied with their hard Work and dedicated serYi¢e.
Occupancy kve15 in the fiats wert once again at l(W• for most of the year.
The safety and stturity for all residents in the T4￿[n8 periryl was again constantly under review.
To ¢ontinu¢ to ensure the safety and wellbeing of the Trusvs residents and employees;
To continue w review its governance documenlation and policies.
To continue to review its appropriate and effective use and PTud¢rtt investment of its finances"
Funding of ¢h*rlty and fiMDcial position
Th¢ Charity's main source of fimding is the weekl). maintenantt ¢ontrÈbutions arEd housing benefrt from residents.
Investment and renthl income also Contributr th the Clwitys funding as detsiled in the not¢s to these accounts.
ition of
The thjstees refer to the accounts for the y¢ar and report that the Genera] Fund of the charity has met th¢ day to day
rLEnning costs of th¢ homes and other ¢lwitsble assistance. They also report that the Special Repair Fund have adequate
resources to provid¢ rnonies for extensive r¢paits andlor retwildin8 of the homes at a future date.
The trustees r¢port that there hav¢ b¢¢n no significant changes from the date of the accounts (5th April 2023) to the date
of this report.

rt ofthe Trnstees
f rth Year Ended 5 A "12023
ACHIEVEMENT AND PERFORMANCE
IDve5tm¢nt p¢rforJn2n¢¢
The Trnsvs portfolio lost 4.6% over the period 6th April 2022 to 5th April 2023 whi¢h wmpares with a benchmark loss
P¢riod
06.04.17- 05.04.18
06.04.18 - 05.04.19
06.04.19- 05.04.20
06.04.20- 05.04.21
06.04.21- 05.0422
06.04.22-05.04.23
Portfolio %
Benchrnark V•
-11.5
22.0
27.4
Investsnents are managed by (￿lIter Chevtot with the objective of providing a balance bett¥een income f￿ the ongoing
d¢velopm¢nt and maintenance of the existing properties and maintsining the real value of this income I capital over the
long terni, a balanced Mal￿al¢ with a m(wJerate attitude to risk.
The perforniance of the ￿rtfoliO is Me￿llred against an appropriate benchmark agreed between trustees and Quilter
Chevith. A member of Quilter Ch¢viot attends a trustees. meeting once a yw to r¢port on the porfolio.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The basi5 for the Trust to the 27th April 1998 wa8 the Will of Samuel Wall¥e Smedley who died on 27th tkwnber
1958. An ¢piloTne of will is annexed to these Trust accounts.
On 23rd April 1998, The Charity Commissioners approved a new xheme for the administr￿lon of the Charity {am￿ded
4th July 2001).
Organis•tioD¥I struethre and decisiop w•king
The btrJ>' of Ttustees consists of no less than three nor mor¢ than nine competent peT50n5. The homes are underthe direct
management and supervision of the try￿￿s. Trnsttts usually thke restx)nsibility for those propertie5 that are nearesi to
them geogrnphically.
Decision$ are taken by a majority of trustees voting on a pn)posal. The Chainnan has a wting vote whetheT he OT she
has or has not vthed previously on the sam¢ question but no tn￿¢¢ in any circumstsnce5 shall have more thatl one vote.
Trus*¢s are appointed for a ter￿ of five years by a rw1ut1L￿ of the trustee5 p￿¢d at a special meeting ofwhich not less
than 21 days notice must be gtven.
The Body of Trustees keeps the skill requirem¢nts of the Tn￿ under constant review and if a trustee reiires or an
additional new tnJste¢ is r¢quired, the ts]￿ us¢ theirprofessional and personal cOn￿¢ts to re£ruLi the new mistee. Any
prospective trustee is always invited to a full Trustees, meeting.
On ¢I￿li0n, a n¢w trusttt is given a welcom¢ pack which includes a brief hisw of the TTU51 ¢opy of most recen¢
minutes, ￿pY of previous three years of annual accounts and a copy of the ¢hgrity scheme. All trustees and officers of
the Trust are offered appropriate training.
Pag¢ 4

S W Srnedl Charitable T
rt of the Trustees
f th Ycar Ended S A
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Chgrity numb¢r
247231
Principal addrus
la Lewis Road
Radford Semele
Leamington Spa CV31 IUB
Trnstees
Ms C F Smedl¢y (appointed to 10.07.24)
Mr D D Salmon (appointed to 12.07.2T)
Mrs E Morris (appointed to 12.0727)
Mr I W Srnedley {appotnted to 12.07.27)
Mr R J BIK)ty {appointed to 10.0724)
Mrs S E Boldero {resigned 31.07.22)
Auditors
Moore Green
22 Friars Street
Sudbury
Suffolk
COIO 2AA
Solicitors
Fr&5er Dawbarns
1-3 Yot* Row
Wisbech
Cambs
PE13 2EA
Rtiev*llt Organiuthns
Reeves & Partner5 Ltsl
Chartered Surveyors and C4)mmercial Prop¢rty Consultants
2 Euston Place
Leaminwon Spa
Warwickshire CV32 4LE
Boldero & Co.
Chartered Accountants
The Bircham Centre
The Market Place
Reepharn
Notwich NRIO 4JJ
Messrs. Grout & Judge
Insurance Brokers
Buckland House
29 Dingwall Road
Croydon CRO 2NB
Page 5

dle
Charitable T￿￿t
rt of the Trustees
for the Year Ended 5 A
REFERENCE AND ADMINISTRATIVE DETAILS
Relevant OryanisatioNs {¢onL)
Lloyds Bank
16 Gentleman's Walk
Norwich NR2 112
Quilter Cheviot
One Kingsway
London WC2B 6AN
STATEMEf4T OF TRUSTEES RESPONSIBILITIES
The ts￿SleeS are re5pon5tble for preparingthe financial statelnents in accordance with applicable law and United Kingdom
Accounting Srandards (United Kingdom Generally Accepted Accountillg Pra¢ti¢e).
The law applicable lo Charities in England and Wale& theCharitie5 A¢t2011. Chartry (Accounts and Reports) Regulations
2008 and the provisions of the tryst deed requires the tsuste¢sto prepare financial swem¢nLS for each financial year whith
give a true and fair view of the stste of affairs of the ¢harity and of the incorning resources and application of resources,
including th¢ income and expenditure, of the charity for wiixl. In preparing those fjnanciai statements. the ttustees
are required to
select suit&ble accounting FK)li¢ies and then apply them consistently;
observe the methods and principles in the Charit), SORP;
make judgements and estimates that are reasonable and prudent:
prepare the finanrial sratements on the going concern basis unless it is inappropriate to presume that the charity will
ontinue in busines5.
The trustres are resEM)nsible for keeping proper accounting records whith disclose wÈth reasonable accuracy at any time
the financial position of the charity and to enable them to en$ure that the fmancial statements comply with the Charities
Act 201 I, the Chariry (Accounts and iieports) Regulation$ 2008 and the provision5 of the trust deed. They are also
responsible forsafegu3rdingthe &ssetsofthe charit). and hence f￿taking reasonable step5 forthe pmentiOD and detection
of fraud and other irregularities.
Approved by order of the ix)ard of nwees on ...
*z<* and sign¢d on its behalf by..
Mr I W Srnedley- Trustee

Re
ort of the Inde
ndent Auditors to the TnL8ttts of
Opiniott
W¢ have audited th¢ finon¢ial ststements of S W Smedley Charitable Trusi (the "charity.) for the year ended 5 April 2023 which compris¢
Siatement of Financial Activities. Balance Sheet and notes to th¢ financial statements, including a summary of si￿1f]¢ont a¢counting policies.
The financial reporting framework that has been applied in their preparation is applic8ble law and United Kingdom Accounting StaDdar(ts,
including Financial Reporting Standard102 The FinémcialReporting.gi¢mdardapplicahle in ihe L'KandRepuhlic oflrelaKdlUnited Kingdom
Generally Accepted Accounting Practice).
Thi5 r¢port 15 made solely to the ¢harity's tThstees. as a b(MJy, in accor￿ with Part 4 of the Charities (Accounts and Report8) R¢gulations
2008. Our audit work been undertaken so that we might state to the charity's tTr￿ee5 those matters we are required to Srare w them in an
auditor's report and for no Oth￿ PUT￿5¢. To the full¢st ext¢nt perniitted by ]aw. we do nol acc¢pt or assume responsibility to anyone other than
the charity at]d the charity'5 tru5t¢e5 a btyjy, for our audit worL for this repor4 or for the opinions we have formed.
In our opinion the financial staternents..
giv¢ a tru¢ and fair view of the state of the charity's affair5 as at 5 April 2023, and of its incoming r¢sour¢e5 and appli¢ation of resources,
for the year then end¢d:
have been properly prepared in a￿ordanCe with United Kingdom Generally Accepted Accounting Practice: and
have been prepared in accordance with th¢ requirements of the Charities Act 2011.
Basis for opinion
W¢ ¢onducted o%]r audit in accordance with International Stsndlrds on Audiiing (UK) IISAS (UK)) and applicable law. Our responsibilities
under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We
are independent of the charity in accordance with the ethica] r¢quireTnents that are relevant to our audit of the financial statements ill th¢ UK,
includingthe FRC'S Ethical Standard. and we have fulfilled ourotherethical resp)n5ibiltlies in a¢¢ordan¢¢ with th¢se requirements. We believe
that the audit evidence we have obtained is sutTicient and appropriate to provide a b&sis for our opinion.
ConelvsioDS relating to goittg eoDeern
We have nothing to report in respect of the following matter5 in relation to which th¢ ISAS (UK) require us to report to you wh¢re.'
the tru5tees' use of the going cotkcern basis of a￿0￿￿ting in the preparntion of th¢ financial statrments is not appropriat¢; or
the trustees have not dis¢losed in the fllwicial statern￿ts any identified matertal uncertainties that may cast signifith]t doubt about the
charity's ability to continue w adopt th¢ going concern basis of xcounting for a per1￿j of at least twelve mi)nths froTn the date when the
f]nancial swements are authorised for issue.
Other informatiDll
Th¢ trustees are responsible for the other inforn)ation. The other inforn)ation Comprises the information in¢luded in the trustees, annual repo
otherthan the financial stai¢ments and our auditor's report thereon. Chwopinion on the fu￿1¢1a[ ststements does not coverthe other inforniatio
and. except to the exteni othenvise explicitly srated in our reporL we do not express any form of &8surance conclusion th¢reon.
In connectiott with our audil of the financial sMement& OUT re5pon5ibility is to re*1 the other infom)ation and. in doing $0. consider whether
th¢ oth¢r infollnation is M￿eriallY inconsistent with th¢ fmancial Statements or our knowkdg¢ obfained in the audit or otherwise appears to be
materially misstated. If we ideniify such material inconsi5t¢ncies or appar¢nt m*erta] misstalemenW we 8r¢ required to determin¢ wheiher
there is a material misslatement in the financial statements or a M￿erIa] rnisstaternerjt of the other information. If. based on the Work we have
perfomied. we conclude that there is a mawial misstatement of this rts informatton. we are required to report that faLt.
We have nothing io report in this regard.
[contlnued...]

rt of the Ind
endent Auditors to th
W Smedl Charitable Trust
Matter5 Ort whieh we ar¢ required to Teport by exeeptlo
We have nothingtoreport in respect ofthe following matters in relatioti to which theChaTities (Acwunts and iietths) Regu￿10n$ 2008 requtre
us to report to you if, in our opinion..
the inforniation given in the fman¢ial statements is inconsi￿ent in any material reSp￿t with th¢ trust¢e5' report; or
sutTicient accounling rewrds have not F*en kepr or
the financial statements ar¢ nol in agreement with the xcounting Tec(Yds: or
we have not received all the inforniation and explarwti￿s we require for our audTL
Resptsnsibilitles of trust¢es
As explained more fully in thettustees. responsibilities ststrment Iset (¥Jt on pag¢ 61. the trits*es are responsible for the prepardtion of financial
statements whi¢h give a rne and fair view. and for such internal control a5 the tyusiees detennine is n¢￿$S3ry to enable the preparation of
financial ststements that aTe free from material misstatemenL whdher due to fraud or error.
In preparing the financial statements, the trustees are responsible for asse&sing the charity'5 ability to continu¢ ￿ a going concern. disclosin
a5 appli¢able, matter5 related to going concern and using the going concem basis of accounting unless th¢ trustees either intend to liquidate the
charity or to cease opcralions. or have no realistic altemative bui to do so.
AuditOT'S responslbilities for the *udlt ofthe finaD¢iil $tsttmeDts
We have been appointed as auditor under section 144 of the Chariiies Act 2011 and repLYt in accordance with regulations made under section
154 of that Act.
Our objectives are to obtsin reasonable assuran¢e about whetherth¢ fmancial statements as awhole arefree from materia] misstatem¢nL whether
due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable &ssurance 15 a high level of &ssuran¢e, but is not a
guarantee that an audit conducted in accordance with lSAs (UK) will always deteth a material mis5taiement when it exists. Misstatem¢nts can
arise from fraud or ern)r and are considered material if. individually or in the aggregate. they could reawnably be expe¢t¢d to influence the
¢¢onomic decisions of uws tsken on the b￿]S of these financial ststements.
A further description of our re5pon$ibilities for the audit of the fmaDrial statements is l(Kated on the Financial Reporting Council's w¢b5Lt¢ at..
www.frc.org.ukl
itorsr¢sponsibilities. This description fiyms part of our allditor's rwrt
Moore Green
Statutory Audhtor
Eligible to act as an auditor in ternis of Sertion 1212 of the Companie5 Act 2(K)6
22 Friars Street
Sudbury
Suffo]k
COIO 2AA
Date..
Moore Green eligible lo aa as an audiior In iernLf ofseclion 1212 ofthe Lomp¢mies Aci 2006.
ge8

S W Smedl Charita
Stat¢m¢nt of Financial Activiii
e Year En
5A -1202
5.4.23
Total funds
5.4.22
Total funds
I]¥COME AND ENDOWMENTS FROM
Investment income
48,S89
39,816
Other ineome
152.583
185.226
Totsl
201,172
225.042
EXPENDITURE ON
Portfolio management
15,052
15.444
Goyernance
26,171
21,888
Management
1,650
828
Charitable activities
Upkeep of Almshouses
79.659
129,106
122.532
167,266
Net loss (2022 - gain) on investments
(184299)
139.792
NET INCOME I (EXPENDITURE)
(105.659)
197,568
Total fund$ brought forward
5,486,595
5.289,027
TOTAL FUNDS CARRIED FORWARD
5.380,9i6
5.486 595
CONTINUING OPERATIONS
All incom¢ and expenditur¢ has aTisen from continuing &ttvitie&
Page 9

W Smedle
Charitabl¢ T
Balance
5.423
Toral funds
5.4.22
Totsl funds
Not&s
FIXED ASSETS
Tangible assets
Investmenis
2.681.836
2.472.550
2,681,836
2,623.687
5.154.386
5.305.523
CURRENT ASSETS
Pr¢payments and acCn￿ income
Cash at bank
116
231,717
188,903
231.833
188.903
CREDITORS
Amounts falling due wtthin one year
(5.283)
(7,831)
NET CURRENT A&SETS
226 550
181 072
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,380,936
5.486.595
NET ASSETS
5.380.936
5 486.595
FUNDS
UDr¢stricted funds
5.380.936
5 486,595
TOTAL FUNDS
5.380 936
5.486,595
Th¢ financial statem¢nts were approv¢d by the B03rd of Tn￿ee5 on .
its behalf by:
¥2(t
. and weTe signed on
Mr I W Sm¢dley-TTU5tee
Page 10

hari
leT
ded5A
ACCOUNTING POLICIES
Ba81s of prepAring the finaneiil statements
The financial statements of the charity. which is a publ&c benefit entty under FRS 102, have be¢n prepared in
accordance with the Charities SORP IFRS 102) 'Accounting and Reporting by Charities- Ststemenl of
Recommended Practice applicable io charities preparing their accounts in accordance with th¢ Financial
Reporting Stsndard applicable in the UK and Republic of Ir¢knd {FRS 102) (effedive l January 2019),. Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and th¢
Charities Act 201 l. The fmancial 5tstements have b¢¢n pr￿ar¢￿ und¢r th¢ historical cost convention with the
exception of invtstments which are included at market valu¢ as modified by the revalu*ion of certaiE] assets.
Intome
All incom¢ i5 recognised in th¢ Sratement of Financial Activities once the charity has entitlement 10 fhe fuThJs; it
is probable that the income will be rec¢iv¢d and the amount Con be m¢asured reliably.
Eip¢nditur¢
Liabilities are recognised as expenditire as scth as there is a legal ￿ Consh￿CtiVe obliwion committing the
chartry to that expenditure, li is probable a transfer of economic benefits will be required in settlement and
the amounl of the obligation can be me&sur¢d reliably. ExpertditUT¢ is accounted for on an aecruals b&8is and has
been classified under he￿ing$ th* aggregate all cost related io the category.. Where costs cannot be direetly
a[tribu￿d ro panicular headings they have b¢¢n allocat¢d to activities on a basis consistent with the use of
Grdnts offered subject to conditions which have not been ma at th¢ year￿eTrd date are noted &s a commitsnent but
not ac¢rued as expendibjre.
T*xation
Th¢ chttrity is exempt from on its charitable activities.
Pagell

tes to the Finan
End
ontinuoj
5A -12023
ACCOUIYTING POLICIES- ¢ontlnued
Fund lecounting
Unrestricted funds can ￿ used in aecordanee with the charitsble Ob￿1ve& at the discretion of the trustees.
Restriaed fvnds can only b¢ us¢d forp8rti¢ular r¢stri¢ted purpos¢s within the objects of the ¢harity. R¢stri¢tion$
*ri5e wh¢n Sp￿Lf1￿ by th¢ ¢Jonor or wh¢n fiuK15 ar¢ rnised for p*rti¢ular r¢stri¢t¢d purpos¢$.
All the de$L￿ted funds ofthe Trust are unTestridd.
General Fund
This fund is for the day to day running of the TTUSt and inrlud¢s in¢iMne from Weekly Maintenance Contributions
and housing benefit and rental income from Age UK who occupy Trust properties in Leamington Spa. The main
fund expendits￿e is the up-keep of the homes in Wisbech and the provision of the Wardcn.
Special Repairs Fund
The monies in this fiujd hav¢ b¢en 5Ct ￿lde for funtre major repair / refurbishment of homes. The current
suggested rates to set aside for properties outside of iA)ndon are approximately £594 (new units) and £614 (units
older than 20 years) per unli for "extraordinary repairs" al￿ £700 (new units) and £1.004 (unit5 oldLY than 20
years) for"ry¢licai repairs" per annum. Tnjstees review this account annually to ensure that the fund 15 on targ
to m¢¢1 such commitments and if necessary. transfer extrd funds frnn the get)¢ral fund.
The flmd T¢mains above the level requi￿1 io meet repair obligation5 wuming a twenty-yearTepair cyck.
As such no transfer from the general filnd was made during the p&st financial year.
Property FuDd
The freehold property in the pro￿ fund C(rfnpT]S￿ land and buildings stated at cost in Wisbech of £2.231.070
and L¢amin8ton Spa £450,766.
Pensio￿ ¢osÉs *ttd other post-retir¢mettt benefits
The charity Oprtes a defined contributioT] W$iOD scheme. Contributions payable to the Chariry's p¢nsion
seheme are charged to the Statrment of Finanrial Activitie5 in the to which they relatr.
INVESTMENT INCOME
5.4.23
5.4.22
Dividends ￿¢¢iVable
Interesl receivable
41,464
7.125
36,449
48.589
39.816
Page 12

Notes to the
RAISING FUNDS
Investment costs
5.4.23
5.4.22
Portfolio management
TRUSTEES. REMUNERATION A]¥D BENEFrrs
There were no trustees. remuneration or other benefits for the y¢ar ¢nd¢d S April 2023 nor for the year ended
5 April 2022.
Trustees. expe1￿$
5.423
5.4.22
Trustees, expenses
589
STAFF COSTS
The averag¢ monthly number of employees during the year as follows:
5.4.23
5.4.22
Warden
No employe¢s r¢¢¢ived emoluments in exc￿$ of £60,(KIO.
TANGIBLE FIXED ASSEIS
Freehold
property
COST
At 6 April 2022
Additions
2,681.836
At 5 April 2023
2 681.836
NET BOOK VALUE
At 3 April 2023
2681836
At 5 April 2022
2,681836
Page 13

tsble Tn￿t
N tes io the Financi&l
or the Year Ended 5 A ri1202
FIXED ASSET INVESTMENTS
Lis*d
investments
MARKET VALUE
At 6 April 2022
Additions
Disposals
Revaluations
2,623.687
33,162
184
At S April 2023
2 472 550
ET BOOK VALUE
At 5 April 2023
2.472 550
At 5 April 2022
2 623 687
There wer¢ no inv¢stsnent outside the UK. The book cost of invesknents is £1.644.463.
CREDITORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR
5.4.23
5.4.22
Other creditors
5,283
MOVEMENT IN FUNDS
Net movement
Transfers
in funds betw¢¢n fimd$
Ai 6.422
At 5.4.23
Unrestrleted funds
Generdl Fund
Special Repairs Fund
Property Fund
2J75,597
429.162
2681836
(79.774)
(25.885)
2.295.823
403.277
2 681836
5.486,595
(105.659)
5.380.936
TOTAL FUNDS
5.486.595
105.659
5.380 936
Page 14

Notes to the Financial Staiements- continu
for the Year End
5A .12023
MOVEMEKf IN FUNDS- eontinued
Net movem¢ni in fithds, in¢lud¢d in the above are &8 follows:
Ineoming
Resources
expended
Galng 2nd Movement in
loss¢s
funds
Unr¢¥trict¢d funds
General Fund
Special Repairs Fund
193.387
7.78$
(120,073)
{153.088)
(79.774)
25 885)
201.172
(122J32)
(184299)
(105.659)
TOTAL FUNDS
122532
184299)
105.659)
io.
RELATED PARTY DISCLOSURFS
During the year £18 J27 (2022 £18,048) w&s paid to Boldero & Co. Chartered Accountani& for accountancy &
secretarial services. 18n Boldero. the principal. is the son of Mrs S.E. Boldero who is a trustee of the Charity.
Mrs S.E. Boldero does noi participate in th¢ d¢¢i$ionsconcerningthe ernploym¢nt of Boldero & Co. She resigned
from the trf)ard 31° July 2022.
GRANTS
No grjnts were made during th¢ y¢ar.
Page 15

SWSM
haritable Tntst
Drfaileil Sthtemenl of Financial Activities
for the Year Ended 5 A ri12023
5.4.23
5.4.22
INCOME AND ENDOWMEIYTS
Inv¢$tthettt in¢ome
Dividends receivable
Intrrest receivable
41.4fv1
7.1?5
36.449
3.367
48.589
39.816
Other ineome
Housing benefit
Monthly maintenanct income
Leaminwon Spa rents
Premium on surrender of lease
23,788
108.675
20.120
21,533
107,693
20,(K)O
152.583
185.226
Tot*1 incoming resource
201.172
225,042
EXPENDITURE
I￿vestMent manag¢menl costs
Portfolio management
15,052
15,444
Charitable a¢¢tvities
Wages
Pensions
Council tsx l Rates
Insurance
Electricity
Telephone
Property management commi&8ion
29,941
1.841
1,309
4,343
3.662
1.299
25,363
1,430
1,457
3,572
5,353
1,577
1,920
137
82,586
2,500
1,681
1,530
720
29,051
2.500
1.989
lJ60
Repairs and rna1ntetw￿e
Lease 37 We51 Str¢et
Residents, alarms
Christtnas vouchers and party
79,659
129,106
suP￿rt costs
MaThagement
Truste£s' expenses
Sundry
Subs¢riptions
589
668
393
35
309
1.650
828
Thi5 pag¢ doe5 not forni pan of th¢ stswtory fywirial $tatrm¢nts
Page 16

W Smedl C
Trust
Detailed Statement of Fitwicial A¢tiviii
for the Year Ended 5 A ri12023
5.4.23
5.4.22
Govern*llct eosts
Audilors, retnuneration
Accountancy and Secretarial
Legal ftts
3.240
18.327
2,760
18.048
1,080
Tolll re￿ure￿ exPeDd￿l
122.532
167,266
Net income
78.640
57,776
This page does not fonn part of the #atutory financial ststements
Page 17