REGISTERED CHARITY NUMBER: 247231
ort of the Trustees an
h Y rEnded5A
for
Financial St
ril 2024
me

Swsmdle
Charitable Trust
Contents of the Financial Statements
for the Year Ended 5 A ril 2024
Page
Epitome
Report of the Trustees
2to6
Report of the Independent Auditors
7t08
Statement of Financial Adivities
Balance Sheet
10
Notes to the Financial Statements
11 to 15
Detailed Statement of Financial Activitics
16to 17

Sme
le Charitable Trus
itome
for the Year Ended
A ril 2024
Samuel Wallace Smedley died on 27th December 1958.
Under the ternis of his Will he devised and bequeathed his residuary estate (subject to a life intrrest for his widow who
died 5th May 1964) to his trustees upon trust to purchase lands in such parts of England and Scotland as they deemed
suitable, preference being giv¢n to those districts in which the testator had been engaged in the F￿1t growing busine55,
and to erect on any such lands a house or houses for the free occupation by such aged and needy and deserving persons
as the trustees select. As an alternative. the trustees are empowered to purchase lands with a suitable house or houses
erected thereon. The trustees are to retain sufficient of the Tesiduary estate for the repair, insurance and general upkeep
of such home or homes and payment of all outgoings thereon.
The decision as to the persons suitable to be Provided with free homes is at the absolute discretion of the trustees.
In 1966 and 1969 the trustees purchased freehold land at Cannon Street. Wisbech and at Blairgowrie in Scotland and have
built Old Peoples. Homes on those sites. A further purchase of freehold land at Cannon Street. Wisbech was made by
the trustees in 1977 on which three bungalows wer¢ built in 1983.
The trustees sold all the properties in Blairgowrie over the period June 1993 to March 2007 as the houses became vacant.
The last house and remaining land with planning permission for six low-cost houses were sold to another charitsble trust,
the Servite Housing Association.
The trustees purchased two bungalows in East Dereham, Norfolk in 1992 and a further bungalow in 1995. No. 29 Trinity
Close, Dereham was sold in February 2006 and No. 7 in December 201 l. The last remaining bungalow, 24 Trinity Close,
was 501d on 14th May 2015.
In 1993 and 1994 the trustees purchased two cottages in Ston Easton, Bath. The trustees sold Wood5ide Cottage in May
2003 and Rounder Cotta8e in February 2005.
In 2001 the trustees purchased two properties, No'5. 8 & 1 O Clemens Street, Leamington Spa.
The trustees purchased shares in the National Association of Almshouses Common Investment Fund under a scheme
made in 1962 by the Charity Commissioners under section 22 of the Charities Act 1960 for the benefit of Almshouse
Charities. In 2008 the trustees resolved to move funds within the National Association Common Investment F und to
Quilter Cheviot.
In 2009 trustees acquired two parcels of land at 4a Cannon Street and 38 West Street, Wisbech. A further piece of land.
37 West Street has been acquired on a 125-year lease with an annual rent of £2.500 subject to review every ten years.
The annual rent is accounted for as direct charitable expenditure.
In January 201 I, the trustees purchased "Riviera" a bungalow on Cannon Street. Renovations were completed during
2011 and it is now the warden's residence.
During the financial year to 5th April 2013 work was completed, within budgeL on the d¢velopment of four flats on the
above-mentioned parcels of land.
In October 2015 trustees all agreed to proceed with phase II of the development of the above land. The construction of a
further ten flats wa5 completed in December 2018.
During 2023 a common area in Phase11 block of flats was made into an extra flat and is now ￿cUpIed.
The residuary trust has been registered as a charitable trust under the Charities Act 1960 and has been allocated the
number 247231.
Pase I

Sme
Charitable Trust
ort of the Trustees
forthey rEn
ril 2024
The trustees present their report together with the audited financial statements of the Charity for the year ended 5th April
2024. The trustees confirn) that the annual rcport and financial statements comply with statutory requirements of the
Trust's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities
preparing their accounts in accordance with the Financial R¢porting Standard 102 (effective l January 2019).
ORJECTIVES AND ACTIVITIES
Objectlves and aims
The objectives of the charity are the relief. either generally or individually. of elderly andlor disabled persons who are in
conditions of need, hardship or distress.
Th¢re wer¢ no changes to the objectives of the charity during the year under review.
Slgnificant actlvlties
The Trust has provid¢d accommodation in homes in Wisbech for elderly and deserving persons.
Public benefit
The Trustees have had due regard to guidanc¢ published by the Charity Commission on publlc benefit and are satisfied
that the Trust meets all the relevant criteria.
Progress and overyiew of charlty
The Charity has been responsible for maintaining the followin8 homes and residents during the year:
5th April 2024
5th Aprll 2023
Homes
Residents
Homes
Residents
Wisbech
31
34
30
31
The costs of maintaining the above homes are more particularly identified in the annual accounts. This Charity also owns
properties Tn Warwickshire for the use of Age UK Coventy & Warwickshire (AUKCW), for which a rental income is
received. AUKCW provide a wide range of facilities for local aged and needy persons.
Page 2

Re
ort of the Trustees
for the Year Ended
A ril 2024
ACHIEVEMENT AND PERFORMANCE
Charitable actlvities
During the year. the Trust continued to provide accommodation and grant assistance to assist elderly people in need. The
Trustees also continued to provide management support to our employees. the Wardens at Wisbech, and continued to be
satisfied with their hard work and dedicated service.
Occupancy levels in the flats were OTJce again at l 00 % for most of the year.
The safety and security for all residents in the reporting period was again constsntly under review.
To continue to ¢nsure the safety and wellbeing of the Trust's residents and employees;
To continue to review its governance documentation and policies.
To continue to review its appropriate and effective use and prudent investment of its finances.
Fundlng of charlty and flnanclal posltlon
Fundin
The Charity's main source of funding is the weekly maintenance contributions and housing benefit from residents.
Investment and rental income also contribute to the Charity's funding as detailed in the notes to these accounts.
tn
cial
The trustees refer to the accounts for the year and report that the General Fund of the charity has met the day to day
running costs of the homes and other charitable assistance. Th¢y also report that the Sp¢cial Repair Fund have adequate
resources to provide montes for extensive repairs and/or rebuilding of the homes at a future date.
The trustees report that there have been no significant changes from the date of the accounts (5th April 2024) to the date
of thi5 report.
Page 3

dle
h itable Trust
ort of the Tru
f r the Y Ended
ees
ril 2024
ACHIEVEMENT AND PERFORMANCE
Investment performance
The Trust's portfolio gained I1.7D/o over the p¢riod 6th April 2023 to 5th April 2024 which compares with a benchmark
gain of 11.30/0.
Period
06.04.18- 05.04.19
06.04.19- 05.04.20
06.04.20- 05.04.21
06.04.21 05.04.22
06.04.22 - 05.04.23
06.04.23 - 05.04.24
Benchmark Yo
11.5
22.0
27.4
11.7
11.3
Investments are managed by Quilter Chcviot with the objective of providing a balance between income for the ongoing
development and maintenance of the existing properties and maintaining the real value of this income l ¢apital over the
long terni, a balanced mandate with a moderate attitude to risk.
The perfonnance of the portfolio is measured a8ainst an appropriate benchmark agreed between trustees and Quilter
Cheviot. A member of Quilter Cheviot attends a trustees, meeting once a year to report on the portfolio.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Coverning document
The basis for the Trust to the 27th April 1998 wa5 the Will of Samuel Wallace Smedley who died on 27th December
1958. An epitome of that will is annexed to these Trust accounts.
On 23rd April 1998, The Charity Commissioners approved a new scheme for the administration of the Charity (amended
4th July 2001).
Organlsational structure and declslon making
The body of Trustees consists of no less than three nor more than nine competent persons. The homes are under the direct
management and supervision of the trustees. Trustees usually take responsibility for those properties that are nearest to
them geographically.
Decisions are taken by a majority of trustees voting on a proposal. The Chairnian has a casting vote whether he or she
has or has not voted previously on the same question but no trustee in any circumstances shall have more than one vote.
Trustees are appointed for a tenn of five years by a resolution of the trustees passed at a special meeting of which not less
than 21 days notice must be given.
The Body of Trustees keeps the skill requirements of the Trust under constsnt review and if a trust¢e retires or an
additional new trustee is ￿qUired, the trustees use their professional and personal contacts to r¢¢rutt the new trustee. Any
prospective trustee is always invited to a full Trustees, meeting.
On election, a new ttustee is given a welcome pack which includes a brief history of the TrusL copy of most ￿ent
minutes. copy of previous three years of annual accounts and a copy of the charity scheme. All trustees and officers of
the Trust are offered appropriate training.
Page 4

S W Smedle
Charitable Trust
ort of the Trustees
for the Year En
ed5
ri12
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charlty number
247231
Principal address
l a Lewis Road
Radford Semele
Leamington Spa CV31 I UB
Trustees
Ms C F Smedley (appointed to 10.07.24)
Mr D D Salmon (appointed to 12.07.27)
Mrs E Morris (appoint¢d to 12.07.27)
Mr I W Smedley (appointed to 12.07.27)
Mr R J Booty (appointed to 10.07.24)
Audltor8
Moore Green
22 Friars Street
Sudbury
Suffolk
C0102AA
Solleliors
Fraser Dawbarns
1-3 York Row
Wisbech
Cambs
PE13 IEA
Relevant OrganlsAtions
Reeves & Partners Ltd
Charter¢d Surveyors and Commercial Property Consultants
2 Euston Place
Leamington Spa
Warwickshire CV32 4LE
Boldero & Co.
Charrered Accountants
The Bircham C¢ntre
The Market Place
Reepham
Norwich NRIO 4JJ
Messrs. Grout & Judge
Insurance Brokers
Selsdon House. 212- 220 Addington Road
South Croydon
London CR2 8LD
Page 5

S W Smedle
Charitable Trust
ort f the T stees
A ril 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Relevant Organisation$ (cont.)
Lloyds Bank
16 Genileman's Walk
Norwich NR2 ILZ
Quilter Cheviot
One Kingsway
London WC2B 6AN
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generdlly Accepted Accounting Practice).
The law applicable to charities in England and Wales. the Charities Act 201 l. Charity (Accounts and Reports) Regulations
2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which
give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources,
including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees
are required to
select suitable accounting policies and then apply them consistently>
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will
ontinue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time
the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities
Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also
r¢sponsibl¢ for safeguarding th¢ assets of the charity and hence for taking reasonable steps for the prevention and detection
of fraud and other ]￿egularItIeS.
Approved by order of the board of trustees on .................................,,.......... and signed on its behalf by..
Mr I W Smedley - Trustee
Page 6

ort of the Ind
endent Auditors to the Trustees f
S W Smedl¢
Charitabl¢ Trust
Opinion
We have audited the fmancial ststements of S W Smedley Charitable Trust (the 'charAty') for the year ended 5 April 2024 which
comprise Statement of Financial Activities, Balance Sheet and notes to the financial statements, including a summary of significant
accounting policies. The financial reporting framework that has b¢cn applied in their preparation is applicable law and United
Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Siandard applicable in the
UK and Republic oflreland (United Kingdom Generally Accepted Accounting Prnctice).
In our opinion the fllwicial statsments:
give a true and fair view of the state of the charity'5 affairs as at 5 April 2024, and of its incoming resources and application of
r¢sources, for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Prnctice. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinlon
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our
responsibilities under those standards are fLwther 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 th¢ ethical requirements that are relevant to our audit of
the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibiliti¢s in
accordance with these requirements. We believe that the audit evidence we hav¢ obtained is sufficient and appropriate to provide a
basis for our opinion.
Coneluslons relatlng to goln£ concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern ba8is of accounting in the
preparation of the financial statements 15 appropriate.
Based on thc work we have perfornied, we have not identified any material uncertainties relating to events or conditions thaL
individually or collectively, may cast significant doubt on the charity's ability to ¢ontinue as a going conrKrn for a period of at
least twelve month5 from when the financial Statements are authorised for issue.
Our responsibilities and th¢ responsibilities of the trustees with respect to 80in8 ￿nCern are described in the relevant s¢¢tion8 of
this report.
Other informatlon
The other inforniation comprises the inforniation included in the trustees, annual report , other than the fmancial statements and
our auditor's report thereon. The trustees are responsible for the other inforn)ation. Our opinion on the financial ststements does
not cover the other infonnation and we do not express any fonn of assurance conclusion thereon.
Our responsibility 1$ to read the other infonnation and, in doing so, consider whether the other inforniation is materially
inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be
materially misstated. If w¢ identify such mat¢rial inconsistencies or apparent material misstatements, we are required to detern]ine
whether this gives rise to a material misstat¢m¢nt in the f￿anCIal statements thcmselves. If, based on the work we have
perfornied, we conclude that there is a material misstatement of this other inforniation, we are required to report that fact.
We have nothing to ryort in this regard.
Matters on which we are reqmlred to report by exeeption
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations
2008 require us to report to you if. in our opinion..
the infonnation given in the fmancial statements is inconsistent in any material respect with the trustees, report. or
sufficient accounting records have not been kept. or
the financial statements are not in agreem¢nt with the accounting records. or
we have not received all the inforniation and explanations we require for our audit.
Continued
Page 7

Re
of the Ind
endent Auditors to the Truste¢s of
S W Smedle
Charitable Trust
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement [set out on page 6], the trustees ate responsible for the preparation
of fjnancial statements which give a true and fair view, and for such internal control as the tsustses deterniine is necessary to enable
the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern,
disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees eith
intend to liquidate the charity or to c￿e op¢rations, or have no realistic alternative but to do so.
Audltor's responsibilities for the audit of the financlal statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made or
having effect thereunder.
Our objectives are to obtsin reasonable assurance about whether the fmancial statements as a whole are free from material
misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance 18 a
high level of 85surance, but ts not a guarantee that an audit conducted in accordan¢e with ISAS (UK) will always detect a material
mi55tatement when it exists. Misstat¢ments Can aris¢ from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial
statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below..
In identifying and assessing risks of material misstatsment in respect of irregularities, including fraud and non-compliance with
laws and regulations, our procedures included obtaining an understanding of the legal and regulatory frameworks applicable to the
Charity and the sector in which they operat¢. We detennined that the most significant laws and regulations were the Charities Act
2011.
We assessed and concluded that the charity's key area was in relation to income recognition. Specific audit tests were undertaken to
review this.
We asse8s¢d the susceptibility of the charity's financial statements to material misstatemenL including how fraud might occur. Audit
procedures by the engagement team included identifying and assessing the design effectiveness of controls management has in place
to prevent and detect fraud; understanding how those charged with governance considered and addressed the potential for override
of controls or other inappropriate influence over the financial reporting process. challenging assumptions and judgements made by
management in its signifi¢ant accounting estimates; identifying and testing unusual value entries, in particular any entries pogted
with unusual account combinations. and assessing the extent of compliance with the rel¢vant laws and regulations. The size of the
charity and value of transaction5 indicated a low level of matsrial risk.
A further des¢ription of our responsibillties is available on the Financial Reporting Council's website at
audi
nsibiliti
s.This description fornis part of our auditor's report.
U*(rfour
This rewt is ma(k so]ety to the th&ity's In• as aLKMty, in xY(xknwilh Ptht4 ofthechariiies (AcCC￿lts and Rqxftts) Re* 2(X)8.
Cxw audit w(Jkh&s beth un(kntkn solhatwe rn￿ht sthtetothe ch&1ty'slru5teesthc￿ mattas we to slafr to them in an audit￿,8
rqxxtand ￿n0 (AherpW1￿. Tothe filllest eXtent￿ltied by law, we do ￿aSSuMe wbility toanyffle IXILCrth￿ the dwity and
Moore Green
Statutory Auditor
22 Friars Street
Sudbury
Suffolk
COIO 2AA
Date: ..
Moore Green is eligible to act as an auditor in terns ofsection 1212 ofihe Companies Aci 2006.
Page 8

S W Smedle
Charitable Trust
Statement of Financial Activities
for the Year Ended 5 A ril 2024
5.4.24
Total funds
5.4.23
Total funds
Notes
INCOME AND ENDOWMENTS FROM
Investment income
59,145
48,589
Other income
161.438
152.583
Totsl
220,583
201.172
EXPENDITURE ON
Portfolio management
15,085
15,052
Governance
24.290
26,171
Management
1,617
1,650
Charilable activities
Upkeep of Almshouses
Grants
104.754
20.000
79,659
Total
165,746
122,532
Net gain (2023 loss) on investments
236,566
(184,299)
NET INCOME I (EXPENDITURE)
291,403
(105,659)
Total funds brought forward
5,380,936
5.486,595
TOTAL FUNDS CARRIED FORWARD
5 672,339
5.380.936
CONTINUING OPERATIO]YS
All income and expenditure has arisen from continuing activities.
Page 9

medl Charitable Trust
B lance
At
eet
5.4.24
Total funds
5.4.23
Total funds
Notes
FIXED ASSETS
Tangible assets
Investment5
2.681.836
2,751.024
2.681.836
2.472,550
5,432,860
5,154.386
CURRENT ASSETS
Prepayments and accrued income
Cash at bank
,144
246,941
116
231,717
248,085
231.833
CREDITORS
Amounts falling due within one year
(8.606)
(5,283)
NET CURRENT ASSETS
239 479
226.550
TOTAL ASSETS LESS CURRENT
LIABILITIES
5.672,339
5,380,936
NET ASSETS
5 672 339
5 380.936
FUNDS
Unrestricted funds
5 672,339
5,380.936
TOTAL FUNDS
5.672,339
5.380.936
The financial stat¢ments w¢re approved by the Board of Trustees on
its behalf by-
and were signed on
Mr I W Smedley -Trustee
Page 10

S W Smedle
Charitable Trust
Notes to the Financial Statements
rEnd
5 A ril 2024
ACCOUNTING POLICIES
Basis of preparing the flnanelal Statements
The financial statements of the charity, which is a public benefit ¢ntity under FRS 102, have been prepared in
accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with th¢ Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Charities Act 201 l. The financial statements have been prepared under the historical c05t convention with the
exception of investments which are included at market value. as modified by the revaluation of certain assets.
Income
All income is Tecognised in the Ststement of Financial Activities once the charity has entitlement to the funds. it
is probable that the income will be received and the amount can be measured reliably.
Expendlture
Liabilities are r¢cognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headings that aggregate all cost related to thc category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a basis consistent with the use of
resources.
Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but
not accru¢d as expenditure.
Taxatlon
The charity is exempt from tax on its charitable activities.
Page 11

S W Smedle Charitable Trust
Notes to the Financial Statements - c
for th Year En
ed 5 A ril 2024
ntinued
ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrict¢d funds can only be used for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular Testricted PU￿OSes.
All the designated fund5 of the Trust are unrestrictsd.
Gener81 Fund
Thi5 fund is for the day to day running of the Trust and includes income from Weekly Maintenance Contributions
and housing benefit and rental income from Age UK who occupy Trust properties in Leamington Spa. The main
fund expenditure is the up-keep of the homes in Wisbech and the provision of the Warden.
Speclal Repalrs Fund
The monies in this fund have been set aside for future major repair / refurbishment of homes. The current
suggestcd rates to set aside for properties outside of London are approximately £618 (new units) and £639 (units
older than 20 years) per unit for "extraordinary repairs" and £728 (new units) and £1,044 (units older than 20
years) for "cyclical repairs" per annum. Trustees review this account annually to ensure that the fund is on target
to meet such commitments and if necessary, transfer extra funds from the general fuTJd.
The fund remains above the level required to meet future repair obligations assuming a twenty-year repair cycle.
As su¢h no transfer from the general fund was made during the past financial year.
Property Fund
The freehold property in the property fund comprises land and buildings stated at cost in Wisbech of £2.231,070
and l.eamington Spa £450,766.
Pension Costs and other post-retlrement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension
scheme are charged to the Statement of Financial Activities in the period to which they relate.
INVESTMENT INCOME
5.4.24
5.4.23
Dividends receivable
Interest receivable
41.320
41,464
48.589
Page 12

S W Smedle
Charitable Trust
Notes to th Financial Statements - continued
for th Year Ended 5 A ril 2024
RAISING FUNDS
Investment management costs
5.4.24
5.4.23
Portfolio management
15.085
15.052
TRUSTEES, REMUNERATION AND BENEFITS
There w¢re no trustees, remuneration or other benefits for the year ended 5 April 2024 nor for the year ended
5 April 2023.
Tru5tees' expenses
5.4.24
5.4.23
Trustees, expenses
784
589
STAFF COSTS
Thc average monthly number of employees during the year was as follows:
5.4.24
5.4.23
Warden
No employ¢es received emoluments in excess of £60.000.
TANGIBLE FIXED ASSETS
Freehold
property
COST
At 6 April 2023
Additions
2,681.836
At 5 April 2024
2.681.836
NET BOOK VALUE
At 5 April 2024
2 681.836
At 5 April 2023
2681836
Page 13

S W Smedl Charitable Trust
Notes lo the Financial Statements- continued
for the Year En
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 6 April 2023
Additions
Disposals
Revaluation5
2,472,550
41,908
236 566
At 5 April 2024
2751024
NET BOOK VALUE
At 5 April 2024
2.751,024
At 5 April 2023
2 472.550
There were no investment assets outside the UK. The book cost of investments is £1.889,092.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24
5.4.23
Other creditors
MOVEMENT IN FUNDS
Net movement
Transfers
in funds between funds
At 6.4.23
At 5,4.24
Unre5trleted funds
General Fund
Special Repairs Fund
Propety Fund
2,295.823
403,277
2681836
245,820
45,583
2,541,643
448,860
2 681.836
5,380,936
291,403
5.672.339
TOTAL FUNDS
5 380 936
291403
5,672 339
Page 14

W Smedle Charitable Trust
Notes to the Financial
tatements - c
f r the Year Ended 5 A Til 20
ntinued
MOVEMENT IN FUNDS- contlnued
Net movement in funds, includ¢d in thc abov¢ are as follows..
Incoming
resources
Resources
expended
Gains and Movement in
losses
funds
Unreslrieted funds
General Fund
Special Repairs Fund
211,389
9.194
(163.287)
197.718
245.820
45.583
220.583
(165,746)
236,566
291,403
TOTAL FUNDS
220 583
165 746)
236.566
291,403
10.
LAND AT37 WEST STREET, WISBECH
In 2009 trustees purchased this land to complete the phase two building program. The land was acquired on a 125-
year lease with an annual rent of £2,500 subject to review every ten years.
GRANTS
A grant of £20,000 was made to Age Concern UK Coventry and Warwickshire which will be invested in projects
providing hcalth and rare services, tackling loneliness and isolation with befriending service and tackling the same
by rebuilding volunteering numbers.
Page 15

S W Smedle
Charitable Trust
Detailed St tement of Financial Activities
f r the Year Ended 5 A ril 2024
5.4.24
5.4.23
INCOME AND ENDOWMENTS
Investment income
Dividends receivable
Interest receivable
41.320
17.825
41.464
7.125
59,145
48,589
Other income
Housing benefit
Monthly maintenance income
Leamington Spa rents
26.356
115.082
20,000
23,788
108.675
20,120
161438
152,583
Total Incomlng resources
220,583
201,172
EXPENDITURE
Investment management costs
Portfolio management
15,085
15,052
Charitable activitl¢s
Wages
Pensions
Council tax l Rates
Insurance
Electricity
Telephone
Property management commission
Gas
Repairs and Maintenance
Lease 37 West Str¢eA
Residents, alarnis
Christmas vouchers and party
Grants
28.539
1.630
544
4,938
4,491
1,744
1,920
936
44,672
2,500
11,160
1,680
20.000
29.941
1.841
1,309
4.343
3.662
,299
1,644
720
29,051
2,500
1,989
1,360
124,754
79,659
Support eosts
Management
Trustees, expenses
Sundry
Subscriptions
784
191
642
589
668
393
1.617
1,650
This page does not forni part of the statutory financial ststements
Page 16

S W Smedle
Charitable Trust
Detailed Statement of Financial Activitie
f they End
ril 2024
5.4.24
5.4.23
Governanee costs
Auditors, remuneration
Accountancy and secretarial
Legal fees
3,480
19.240
1,570
3,240
18.327
4.604
24.290
26.171
Total resources expended
165,746
122,532
Net income
54.837
78,640
This page does not forni part of the statutory financial statements
Page17