Comp8riy ragi8trotlon number: 02O50d188 Charlty ￿￿[StralI0￿ number; 1001923 East Cheshire Housing Consortium Limited {A Company IfmliBd by guBrafts8) Annual Report and FI￿r￿la1 Stat￿ents for ts Yeor Ended 31 Ma￿h 2024 TBG Brfoht LLP 26 Edw8rd CourL BroadhBalh, Alt¥Snch8m WA14 5GL Ea8t Ch08hiro Hou8ing Consortium Llmltsd Contènt8 Tru81ea6' Report 11D5 Indepondant Audlt¢rs' R8PQrt 7t011 Sf&t&ment of Flnandal Aollvlti¢s 12 Balar￿ Sh8et 13 Sla18m￿l of Cash Flows 14 Note¥ ID thg Flnanclal Statement8 16to22 D8tslled Ststernent of Flnanclal Actlvlues 23b2S East Cheshlro Hou61ng Consortium Llmlted Tnfsteos. Raport Tho trustg8s, who are dlreclors for Ihe purpnB88 of company law, presenl the annual report logolhgr wlth the flnand818tatem8nts and audllors, r¢portof th¥ tharftablo oompany tor the yoar8nded 31 Merch 2024. Objéctlvag and act1￿¢105 Jocts ar￿al￿S EAst Chashlre Houslng Consorllum exlsts lo provlde supported ao(x¥mmodatlon for people wlth mentsl heolih probl6m8 and bellevB that th¢)8e who Ilve In rasldentlal care should do w wlth dlgnlty, thal Ih&y ohould have Ihg respoQt of ttwjse who support Ihem; should Ilve wllh no reducthon of ltrkolr rights a¥ cltlzens (excfjpt wh8re the law Bu pr8seilk)es): and shLyJld be enutlod ts Ilvg as ful and aclfve a Irf$ #s th¢lr physical and mental candldon 4•AII 8110w. The objectlve of the Charlty Is to promot6 any charltablg purpose for the publlc benefit of per50n$ wlth mfjntal h￿1th problems 8TrJ persons with16amlng dlfflcultsO$, to obtaln iha mosl approprtate for￿ of houslng wltti the nec6ssary support to meg1 thelr Indlvldual noed8. In Ihl¥ re8p8cI Th8 fru$tses hav6 h8d regard to the Charfty'$ Commlsslons guldan¢e In ' Publlc BenÈfif. ITh order lo a¢hl8ve the above the Charfty Ltalso5 wlth LrKal Aulhorflle8, Sodal Services and htsuslng pro￿tter8 lo croatg 8pproprtale houslng, 8nd provld¢s $upport Staffing for such developments and Indlvldual¢, Publlo h￿￿tAt The Charlfy18 a publlc benefit enlty. trustses conlfmi ttHI they havo cotnp118d wlih tho requirements of Sgcllon 17 01 th& Charltles Act 2011 to have du& regard to the publlo b8nellt guldanrR publlsh8d tythe Chadty ¢omml8slon for EDgland a￿d W41eB. Use of volunt•ors There wore no volLmteers durfng elth6r the current or prevlous year. Pall6 1 East Cheshlro Houslng Consortlum Llmlted Trusteès, Report R•fvr¢ncg and Admlnlfjtratlvi Deta118 Chartty ReglstratEon NUM￿r,, Company R8gistrfttlon Numbor: Rog1stor￿ Ofllc8: 1001W23 025504B8 Andersm House Goodall StreBt Ma￿IeSfleld Cheshlre SK117BD A¥dlt¢r: TBG Brighl LLP 28 Ethard Cou Broadheath. AEtrln¢ham, WAq4 Bankor8' Bardays Ba￿ Pk 1 Churchlll14ac8 London E14 SHP T￿￿1?•5 and offlcgr8 Tho and offlGer8 eavlng durf￿a tha ye&f8nd slnca th& y6ar 8nd were 88 fdlows: 8 Shaugkngssy- Deputy Chalr Mr M Smllh Mrs T Cresswell Mr A Dlcken Mrs S Home Trustgas: Chalrman.. Mrts V BISBet SaGrolary: MrG B J Wrfght Page 2 East Cheshlre Houslng Consortium Llmtt8d Trustees, Rgport Structurei gov•rnarKo and managèment Tha Charftylg run by the Dlrectorn who ar8 81so lh6 member8 who me&t on a regular bo61¥ and make polloy declslons whlch are en8cled by the Chlef Ex9oU￿yo Off[￿r pnd staff Mer￿)ers. Indl¥lduAls who hold approprfab qualifications or who have relevanl èxperfence. aro Invlt8d lo offer themselves as potentl81 Dlr8ctor8 b8$&d on Iheli afflnlty to th6 oblecfv¢8 of Ihg Charfty, and ar8 816Cted by Ihe exlsllng dlroators, Th& Charfty 1$ go¥emed by its Memorandum and Artld85 ofAs8oolaffion and Is Incorporated as 8 Llmlled Company. The momhgr's Ilablllty18 Ilmlled by guarantsg. In th8 ¢vent Df the ¢ampgny bekng wound up m8mbe￿ are enqulrgd to ctsnlrlbulo an amount not exceedlng of £1. E8Bt Cheshlre Houslng Cons￿￿￿￿ works wllh local Authorltles, Soclal 8ervlce$, and Houslnll Assoclatlon$ and olher landlord$ to provldg $ullabl8 Buppatsl hou$lno and aocordance with the mlssl stal8mant datalled above. All starr 8ro remunarated and thg Charlty has no r611anoe on unpald vduntears. The salary of the chlef Exe¢uUve Off9r1s set by the Trustsos. The company holds tru o Indemnlty InsurancE for th4 pfatsctlon cf Iha Dtreob)rs, AGhlov•m&nts and porformancè The Chadty hay Contlnuod trj aohlgve Its go81$ throughout the year and wlll contlnug to11815¢ with LoGal Auihorftlgs, Houdng AsBodatk)ns and oth¢r LandlordB in ordgr to 8n8ur• th& conunuty provl8lon 01 $upport In the future. Thè Ch&rlty has conllnued to 8y4)and Its operallon& The charity Op￿ed 4 new devakJpm9nt In H4ndforth, wmprising of10 I-bedroom flats. Th8 Charfty PTld8s Itself on the qug11ty of Its 5ervlce provl8lon, and standard$ of houslng, and M￿sure8 Its SUWBB at achie¥ing its obkdve8 ty Ihe Inoreaslng Tumb3r ol seNlce u8ers It l& able to *xomm¢dal8. Pago 3 East Cheshlre Housing Consortlum Llmlted Trustees* Report Flnanchl Revlow The Dir8ctor8 8ttdnpt to malntah free re$eNes at algvel whlch covers at least Iwo to three months ol total expendliure. Thp frea rgsorvos eurranty stand at a I&vo1 whlch r8pro8entslu8t undfjrthtee n)onth8 {2022- Just undurthree months). T￿6 roduclon Is du@ tothe prev10￿ surplus 188orves In the acqu]$lllun Of addlllonal fadlliles during iho year. As free res8Nè8 bulld up llifj pmvi¥ion of wlthln the aforemèntioned obledlve$. 8urplus funds aro Invesled In low rlsk, short to modlum t9m), Invostmenl v•hlcl6s In Ilne ¥Mth the above oblecttves, so thatftexlblllty Is maln18ined In order ta ensur8 th6 C￿￿tY Is o9pgblg of taklng advantage of the avall•blllty of sultablg prowmes as anct wh8n they 8rtse, Pundln9 Sourcos: Th& prlTrclpal fundlng Eouro8E for the d)arfty are wla oontraots wlth kthl Suth0rf￿os for the procuramwrt of ihe rnlovant lovel of aupporL a180 recelverl is a Retalney Charg& (prevlously known as Sectlon 84 Grant). Tha Charlty does nol oany outfundra181ng 8cllvltle8, Plan8 for ftrturè pwl¢xlB 00rn8nd for the servloes provlded by the ChHty remalns hlgh and the Charlty has opw4t¢d wllh sn Increase In vold5 due to the openlng ofDe8n Hcwse. The Tru$lees ¢ontlnue lo Mon1￿ the requlromgnts of LocalAulhorflJe8 and are upda19d bi4nonthlyby tha m3naggmentteam on ath￿e$, they also monltor that thg pK)vlslon 18 mèÈtlng thè Charws obleGltves. ECHC are In diswsaon wlth the agreoment ol lh8 trustees that they wlll look Into a partneTshlp wlth Sunnyvalg Houglng A$8oolaUon 8nd txlsllng partners. Th1$ wlll gnablg ECHC to con¢onfrat8 on provldlng 8UPPQrt. Ary new developments wlll be wrnrnlB51oned Ihraugh SLG and the RSL. Xesult8 and approprlallons The results And the stots of aif8lr8 of the company for the year ara sot out In finan¢lal statarnents on p8ge8 8 to 20 and wllh further expansion of the servlces ond the reduoed numbers of vohjs Show and Improvement over the prevlous teffns In the fin￿￿e6. Equlty The oompany18 Umh&d by the guaranlao vlth èach member belng Ilable io conlrlbuk £1 kn th8 avent of a ￿ndIng up. The Trusteeq comprlse the members of the oompany. All of th8 Charlty'E reserv8s ore to bo used for Its charltable PUTPOSeS and th9r8 is not oqulty, or rnn. ￿ulty, InlereFled parues. Dl8clo8ure of In1￿MatIon lo audltor Each trustse ha8 lat(￿ steps th8t they ought to have tak¢n 08 o trust￿ In order lo make thaThelvos awar8 of any rolevanl a￿11 inforrllation and lo est8blsh th81 tha charivs audllor k aware of It)81 Informatlon. Thg hvstees conllrm ihal there Is no relgvant 5nfomioUon Uwt thoy know of and of whl Ihey kn¢)w the audltor Is un$wwe. Small ¢ompanlas provlsion siatement Thls report has been prepared In accordan¢e wlth tha #mall companlès re9lm8 undgr the Companles Act 200e. Pege 4 East Cheshire Houslng Consortium Limlted Trustees. Rèport The annual report was approved by Ihp Irusleas of the chartly cn 03 November 2025 and ￿gned on Its behalf by: Mr S Sh8ughn&s5 rrusbe Pago 5 East Cheshlre Houslng Consortlum Llmlt?d statement of Trustees. Responslbilities The Iruslees {who are also tho dlrectors af East C￿￿shIr& Houslng Consortium Llmlted for th8 purposes of company law) are responslble for preporlng the tnBts6s' report and the fin8ncial Statements In accordance wllh 8ppllcabl¢ law gn¢J Unlled Klngdom Accounting Standard$ (United Klng¢Jom Gon¥￿IlY Accepted ACCOUn￿n9 PrEdice), Indvdlng FRS 102 The Fln8ncial Reportlng Standard 8pplicab16 in the UK 8nd RepubllG of Irela￿J, Company law requlres the twste88 to prep8re ftnanGial 818t8rnents for ea¢h ftnanclal year. Undor compgny law the trnstees must not approve the nnancial statements unless Ihey are satlsfied that Ihgy give a twè and falr vlew of the slato of affairs of the ¢h8rilable company arKI of the Incoming resources and appllGation of res0￿¢8$. includlng118 income and expendittKe. of tho charftable company for Ihat perlod. In preparlng th6S8 flnanclal statsments, the twslees are Tequired to,, select 8Uitabl8 accountlng policios end apply Ihem eonslstenlly; observe the methods and prIn￿￿1@S In the Char£flos SORP: make ludgementB and estlmates that ￿ reasonable and prudent; stste wheiher appllc8ble accounung standards, compr]slno FRS 102 havo bgen followed, subject to any material departures dlsclosed and explalngd In Iha financ]al statemenls., and prepare the fin8nclg1 statements c>n Ihe going GOnGem basls ￿lesS it is inappfoprfota to preÈum8 that the ¢harltable company will continue in buslness. The trustees are responslble for keeping proper a¢¢ountlng re￿rdS Ihat can dlsdoso with feagon8ble accuracy at any Ilm6 the financlal poslllon of the charflable ¢rmpany and enable Ihgm to ensure that thg finarJcl81 slalements comply wllh the Companlgs Acl 2006. They are also re8pon$lbl8 for $8feguarding the assets ot the Charftable ¢ompany aNI hencè for taking reasonable step$ foi the pr8vention arKI d816clion of fraud anLI olhgr lffegularlllg& The tru¥tse$ are responslblè lor th8 malntonanco and Integrltyof Ihe corporale and flnarvxl Infcmialon In¢lLrded on Ihe charitabl8 ¢omp8nYs webslte, WI￿atIon goV6￿n9 lh8 preparation and dissemlnatlon of financial ststemenis may dlffer from leglslatton In othorjurigjictions. proved by Ihe tru¥tees of the ¢harlty on 03 November 2025 and Signed on Its behalf by: Mr S Shaughngssy Trustee Page 6 East Cheshlre Hou51ng Consortlum Llmlted Indep•ndent Audltotr8 Report to the Mgmbers of East Chashlro Houslng Consortium Limlted Oplnlon We havè 8LKllted the Ilnanclal stat6m&nts of East Cheyhlre Hou￿n￿ Con8orUum Llmlted {the '¢harty) for the y&ar ended 31 March 2024 wNch comprlEe the Slstoment of Flnanalal A¢tlvllle5, BalgrK8 Shaet, Stat8menl of Cash Flows, and Notes to Ihe Finanaial SlatementB, IncludlrwJ a summary of slgnlflo8nt accountlng polith"es. The fin8n¢lal repc*lng fr3Jxeworf¢ that has begn gpplled In thelrpreparaflonis Unltgd Klngdom A¢couniJng Standard8, comprlslng Charllies. SORP . FRS 102 Tho Flnancial Reporllng standard appllcabl6 In th8 UK and Republ1¢ of Irelend, applleable law (United Klngdom Gengraljy Accgpt•d Ac￿untIng Pr¥ctt¢e), In our oplnl¢)n the flnan¢lal gtotem8nt8.' glve a true and falr vlaw of the stste of th8 charity's affalrs as at 31 IAarch 2024 and of Its In¢omlng ra50urces aF)plicatlon of r￿QL￿Ge5, Indudlng It8 1￿m0 and expendlture, forlhe yearlhen ended; hgve been property prepared In a¢Mrdan¢8 YAth Unlted Klngdom G8ner8lly A¢cgptgd AccDunllng Practice; ar hava b8en pMp8red In ocoordance wlth Ihe reqU1￿ments cf thg Companle8 A¢t2006. Bas18 Iur oplnlon We Conducted our &udlt In acthrdance wilh Internatjonal Standardts On Audlllng (UK) (ISAS (UK)) and appllcablo law. Our responslbllltles under thoye $tsndards are lurther descrlbed Ik) thè auditor re8ponslbllltle8 for Ihe audll of Ihè fln8nclal Btstemonts secuon of our reporL We are Independent of thg charlty In 8￿rdance with the athlcal wulrements Ihtt ar8 ielevonl to our audlt of Ihe fin8ndal 8ta18rwt8 in 1he UK InclLKflnu the FRG'S Ethl¢al SIEndftrd, and we h8v& fulfillBd Dur other elhl¢41 responslbllltlo5 In 8ccordan¢6 wlth th986 requlrements. Wè Wleve thal ihe audlt evldence we have obtsined 1$ 8Lrfiufjnl End approprlate to provlde a bas18 for our oplnlon. Conoluslon$ r¢latlng to golng oon¢frm In audlung the fina[￿al 8tsten￿n1ts, we haye concludsd that the truste&s use ¢)f the going concem basls of accounllng in lh8 prep8r8tion of the fin8ncl&l Slatsments is approprlats, Dn the work we huye perfornwd, w8 have not Idontffl?d any materfal unoatslntles relalng to evènts or ¢onditlons IhaL Indmdually or Coll￿tivelY} may cast ssgnwloant doubton tha charlW8 abllltylg continua as a golng eon¢orn fora perf¢d of ai l&a8t ￿efve months from when th¢ ￿ll[nal flnandal statements were atthori8ed for Issu?. Our responslb1111188 and th6 responglbllNles of the Iw$tw wlth re8pettl to going cornxm are dttscrlbad In tho relgvant secilons o)f tN8 report. Other Informotlon Thè tru8tsy$ aro r08ponsiblo for the othgr Irrformatlon. The olher Irkfomiatlon comprl$e$ the InfcKm8tlon Included in the annu81 repor( olher than th6 ffinanttlal slalements and our oudltols report thereon. Our oplnlon on the flnanci81 ststemenl$ dotys nct cover Ihe olh8r h)frJrmallon aNI, except to thg gxtert athoNi¥e explicluy statsd In our rgPQrt, we do not exp￿8$ anyform of assurance conclusion thereon. P4ge 7 East Cheshiro Houslng Consortium Llmlt6d Indopendfrnt Audltorfs Report to the Members of East Cheshlre Houslng Consortlum Llmltod In conne¢iion wlth our audlt of Ihe financlal Bt¥tem8nl$, our responslbllity15 b read th& other Infoma￿an and, In dolng so, ¢XJnsider whether the other Infomi£tlotr) Is m3tsrlally Inconsls16nl wlth the finardal st&tÈrnants or our Knowledoe obtalned In the audlt or Othe￿￿￿e appears la be matsrlally m188tated. If wo Identlfy such matgrlal Inoonslstende$ w appirent materfal rnlsstatements, wa ar8 réqulred to detérmlne whether Ihere Is a materlal mls3tatemenl In th& flnancl815tataments or 8 malerfal mlsslaternenl of the olher Inform8tlon. If, b8Sgd on thg work we have perfomied, w8 con¢lud6 that th8re Is a materiBI ml8Btstement of Ihls oth8r Infonmallon, w¢ aro requlred to r0PQrt th41 lacl. Wo hav8 nolhlnu Ic reprrt In th18 rngard. Oplnlon on other matter pro8Grlbod by Ihe C (41,878) (30,024) Total expendlture (4478,312) (4,478,312) (4,118,913) Net InC￿m&(expend1*Ure) Other recognl$od galns and10s805 G8hBAo8seg on ￿valuatIo>ll of flxed as8tt8 06.047 66,047 1208,5701 Net movèment In funds 6.047 66,047 1141,1391 ReconclllallDn of fun(ts Total fvnds broughl frjward Totsl funds carded forward 13 1132361 1,274 828 1198.408 1 t99 737 1133889 All of the charfty'9 aclfvItI05 derfve from contlnulro cporetions durtng th8 above Iwo perlods. The funds breakdawn for 202315 shown In note 13. The wl8s on pages 15 to 22 fom an Inlegral partof these flnanrjal statements. P4ge 12 East Cheshlre Houslng Consortlum Llmlted {Règistratlon number. 02550488) Balance Shoat as at 31 March 2024 2024 2023 Noto Fixed a￿818 Tanglble assets 391,853 319,207 CuNenl 4s$ets Doblors Cash @I bank and In hand 977,12Q 137,148 717,241 341,383 1,114.268 (143.381) 1,058,624 {143,999) Creditors.. Amounts fralllng du6 wllhln on6 year Net ¢urr8nt as$¢ts lu 970.887 Total ?s$ols less current li£bililies Credilors: Amounls falllng dug aft8r mo¥B than one year 1,362,540 {182.803) 1,233,832 (100,143) 11 Net as8gt8 1199 737 113J 689 Funds of *he ¢harlty: R¢slrlGtgd Inoomo fvnds Restrlcled fijnds 13 1,329 1,329 Unrogtri¢tod Inttame lunds Unr8Strfcted funds 1,198.408 Tolol funds 13 1199 737 The financial stalemenls on pages 1210 22 were approved by Ihe twstees, and aulh¢xlsed for Is$ug on 03 Nov8mber2025 and slgned on their behalf by: Mr S Shaughn858y TrusleB The not￿ on p8ge8 1510 22 form an Intogral p8rf of Ih89e flnandal Statements, Page 13 East Chg8hlre Houslng Consortium Llmlted statement of Cash Fl¢)ws tor the Year Ended 31 March 2024 2024 2023 Nolo Cath Ilrjws from op•ratlng Oettvltl Net ￿$h Inoomel(oxpgndI￿￿? AdJu8lm¢nts to ￿sh flowglrom nonoA8h Itéms D&pr8cietson Lossl(profit) on dlwD8al of t&nglbl8fixed asse18 88,047 (141,139) 41,878 14,275 30,024 122,200 (113,749) Worklng ￿PItal adJtKlmonts (IncteaseydeGroase In dobtors Increasel(decr6asel in oredit¢rs N&t ¢a8h flows from operaltrwJ ￿lM￿28 1259,878) 302.962 154195 10 104 Qa¥h flow8 from Invo8tlTrJ acllvlllo8 Purch88è of tangibl$ fixed a68ets Sale of tangLblo flxed asgets Sale of tnve8tments (157,470) 28,872 ¢45,704) 10,069 262,500 N¥t C¥8h Nows from Inve8lng aotivlties Coh Ilow8 from flnan¢lng 4a*lvltlos RopaYM￿t of rapltal element tsfflnanag le8s8s Bnd HP ontra¢ts (128,598} 216.865 12 07 Net (d¢o￿$eY1nttr9a&0 In (%sh and cash 8qulvalen Cash and oa6h Qqulvalents at1 Aprll (204,2351 341,383 274,090 67,293 Cash and oa8h &quivalenls st 31 Marth All of the ¢uh fk)w8 ara derived ffom ronllllulng operattons duthg the above Iwo p6dods. The note9 on pages 15 to 22 fonn an Integral part of these financlal st8tÈments. Page 14 East Cheshire Housing Con8Ortlurn Llmltod Not•s to th• Financlal Stat￿1&n￿ for the Year Endgd 31 March 2024 1 Charlty glatu The Qharlty is Ilrnlted byguarantee, Incorporated In, and CLy￿equen1ly d08s not have ¥har8 ￿pItal, Each of the tsustees i& liable tcj contrl)uie en Amount nDt exceedlhg £1 Iow8rds th8 assets ot charlty in the event tsl llquldatjon. The address of Its raglstered oflke 18: ArKj2r8¢￿ Hou88 Goodall Street Macclosfldd Cheghlre SK117BD Th&8e flngndal statements wer¢ 8Uthod6ed for138uo by the trustees on 03 Novam￿r 2025, 2 Acc<￿￿th)g pollcl•8 Summary of algnlficant oa¢ourrtlng pollGia¥ and kny ac¢ountlng a8tlmot•* Th& principal acwunlng polides oppli8d In thg preparatlon of tt￿e Ilnanclal stslfjmgnls are set oul bglow. Th88e poltde8 h&ve been conslstently sp￿1p￿￿ loall theyeaTr preB•d, unk56 othe￿ASe 81alod. Ba81# ¢f proparfng th¢ IlnaTholal gtstamonts Thefinanclal statsmen18 of the char118blo companyi whlch Is a publc b8nefit bnllty und8¢ FRS 102, have beBn prepared In aceordancg wlth the Charfmes SORP (FRS 102) 'Accounllng and Reporting by Charltles: Statsmenl of RecLthmended Prnotice 8ppllc&ilé lo chariEes prep8dng thei* accounij In accorda￿ with the Flnan¢lal Roportlng strAnda￿ app￿CabI¥ In the UK and Republic of Iroland (FRS 1rY2) (effeeuve 1 January 2019),, FInanC￿ Raportlng Standard 102 'The Financlal Reporlino Stsndard eppllcable In the UK and Republlo of Ireland. and the Companies Act 2006. The financial st&iem6n15 have b6en prepar8d under the hlsltrfeal cosl oon¥enllon, Th& flnanci&l slatsments ire prepar￿ In stsrling wtlch18 8180 tha function41 currency of th8 company. Qolng oon¢•rn Tha dr8otors have ra￿aW&d th8 chaiib/s abtiity to conllnu8 as a golng c(fft￿m bèyond the annlversqry of the annud g6neTal m8elJng, by rÈferenr* budgsts prepared for lh8 financlal year end￿ 3£ Marth 2024. th8 18wds of ré3Èrv6S antldpated at that dats, and the fuEur6 plann6d invesimort They h8V6 concluded fhat th$re are no foreseeable Issues which wlwld preventth8 oompany preparlng the finandal 3tatfflnents on a golng concem ba818. Incomo And 6ndowm•nl• AJI Incom8 Is rKogn180d once th8 chadty h88 enllllemenl to tho It Is probab16 thal the Income wlll bB te¢elved and tha amount of the Income racelv8ble can b8 mwur8d rellably. Page16 East Choshlre Houtslng Consortlum Llmltad Notss to the FlnanGial Statemonts for the Year Ended 31 hlarch 2024 GMnt8 rfjcolvable Grants arè recognlsed whan the cknartty has gn enlttlornent to tho fund¥ and any condltlons Ilnked to tha grants havo been met Where performonco Mndluons arg atta¢h8d ID Uie ornrrt and are yetto b8 mel, the In¢om8 Is rooounlsad a Ilablllty and includad en the balance sheet as deferred Imome to be released. Expèndlture All expenditura18 w09n￿ed on¢e fih9re a legal or con¥tNdve obllgalion to that oxpendlture, It is probable *atllgmént Is raqulred and the amount can be rwEtxed rgllably. All costs are allo¢dted to the 8ppIIcBbl8 expendllure h8adlng that aggregate slmllar oa¥ls to that category. Wh8ro costs ¢4nnot b8 dlredly attrlbuted to partlGu18r headlnps they hav8 been allocated on a bas15 Gonslstontwtth the use of rascurc¥ wlth ￿ntral 8taff costs allocotod on the basis of Ilme 8pfjnt, and depredation tharoe8 allocated on Ihe p)rtlen of Ihe 88set's us& Othèr support Costs ara alloL¥ted based on thg sproad of stsff costs. Support costs Swport costs Indude central functions and hav8 beon allocat￿ to admty tt0St categorfes on 8 baslB consl8lentwilh lh& use of resources, for ex8mFle, allO￿tIng prop8ty Costs byflooraTaas, or Caplta, slalF¢o8ts by the tkne spenl and Dther costs by their usag Taxatlon Tha ch8rfty18 exempt from corporatton tsx on Its charftab16 ￿tte9, D•pMtslatlon and amortlBatlon Depreclalion Is pravlded on langlbla flxed assets $CI es io wrflè off the Cost or valua￿0￿, lfjss ony esllmoted re$ldual value. over thelr expected useful ery)nomlc Ile as followè: A884t class Short leasehold Plent and mach1￿ry Motor vehicles Daprociatlon mothDd and rate In 8¢C¢xdanG8 ￿ th8 prop Straight line over 5 y6ars strgighl Ilne over 4 yesrs Trado dobtors Trnde debtors are amount8 du6 fnxn customers for m¢rthandlB8 sold or 8athpB pwfomied In tha ordlnary courne of bu81nes8, Trad¥ d¢bbrs ore re￿onISed Inlflally al the transactlon prfcq. They gre subsequently measured at Amorlsed cost uslntj the affootlve Interest m6thod. lass provlsion lor Imp8trm&tt. A prO￿sE0n for the Imtjalrment of trade d¢btorg b estsb116hed when there Is obloctiw6 evidence Ihat the charfty will not bo able to Golle¢l all amounts duo a¢cordlng to the original terms of tha roo￿Vable8. Cash ond cash aqulvalonts C88h and twh equivalents oomprfse cash on hand and c811 deposlts, and other short4erm Nghly Ilguld invg8lments that ora r6adily convertlbla to a known amount of cash and are suk4ecl to an InslgnlfiG8nl rfsk of chang8 in volua, Page le Eaet Chashlro Hou&5n# Consortlum Limlted Notas lo tho FlnancEal Statèments for the Year Endod 31 MaKh 2024 Trqdo cr￿ltorS Trad& cr@thtots arfr obllgaUon8 to pay for goods or 3eNI(w that have bèen a￿u1red In th8 ordlnary cour66 of buslness Irom suppliars. A￿oLInts payable aro c]88slffed as current Ilqbllllles If the Gharlty does not have on uncolldltlonat dghL al thè end of Ihe r8FJQrtlnfj perlcNJ, to dofor seltlemenl of the￿adI￿]r for at lea8t twelve months afl8r th8 reportinB date. If ther61s an uncondlllonal rtght to dofer 8etUem8nl for al least iwelve monlh8 after the teportlna date, they are presented as n¢nrfurrent1Sabllltles. Trade cr8dltorE are recognised Inltlqlly al th8 transaGtlon prfc8 and subsequenly mé$surpd atamortlsed CC*St usltsJ the 6ff¢GtIv8 interest rnelFiod. Fund 8trLKturo Unr85tiiotsd Income funds are general funds that are ava118b18 for u88 at th& trJ$ furtherance of the objeolvos of the ¢hNrlty. Restrlded Income fvnd8 ara thr)se donated for u9e In a partlou14r orea or for spotsiA¢ purposos, the use of v¢hbh 1$ restrlcled to that 4re8 or pu￿1)5￿. Fundlng16 pro￿￿￿d by weakly chargè to our rèsldgnts, topped up by a 'Soollon 64, grant from Cwrtral and Ea8l8m Ch8¥hire Prlmary Car¥ TNSt and conlr8Ctual agMem8nls wtlh varlous Governm￿t earo bodles. @s dlxtollon In Hlrè purchase and tlnanco loasa RMtals p4ld under operniing leases ara chgrged lo Iha SOFA on a stralght Ilne bas[￿ ovprthelgasg Pan$lon4 and oltKr pogt Mllr¢m•nt obll¥ation The charity ha8 operated a ttontrlbutlon basèd 8Utoenrolmenl penslon schame for Iho benefft of It& employees In 8coordanc8wlth leglslatlon on woWa¢a P￿lS1on8. The p8nslon costs arfglng ared)arudd to the SOFA under staff costs al the Ihe liablllly Is Incurred 3 kn¢omo from donatlony and kgaole$ UnrostriGt•d funds Genernl Tolal fundg (ararts and care Income Retalner Charg8 4,5C2,982 55,872 4,502,962 55,672 Total for 2024 Total for 2023 3,007 709 3 907 709 Pogo 17 East Ch88hlro Hou51ng ConBortlum Llmlted Notes to tha Flnanclal Slatemants for thg Ypar Endod 31 March 2024 4 Expondlturo on ¢harltable actNItI8s Activlfy undortaken dlroctly 2D24 staff costs Premlses COBt8 Legal and profe88lonal Other expenses Audll, slow i¢Munt6 and annual rolum 2,622,498 1.270,248 28,522 494,Q84 1622,49e 1,27fj,248 28,522 494,084 7,660 4￿8910 4,428,91 ll Actlvlty supporl Actlvlty undartakon dlraclly 2023 Stsff costs Premlse8 CO918 Legal and profe$$lon$l oth￿ gxpJnye8 Audll, statutcry 8ccoiml8 and annual return 2,456,017 1,128,098 25,097 4,S8,1g2 2,40e,017 1,128,098 5e,415 488,192 30,718 4 082 804 4113522 5 N¢1 Intsomlngloutgolng resour￿1 Net Incom1￿<￿t901ng) resources frjr tt)e year Includ¢.' 2024 2023 Audllfaes Lossl{profit) on dlgposal of iwgtbl8 tlxed 98sgts D8prer4allon of fixed ?ssots 7,560 14,275 41,878 4,800 (2,SJ4) 3Q,Q24 8 TrustQg6 rqmunorfttlon and gxpens88 No buslees, nor any peY4Dn8 Connected wlth them, have reedved any remUnar&tF￿ from the ttharfty durlng thg yeAI, No trusteas hav& rocelved any rnimbursed expenses from the d)irlty durfng thg year. 7 Staff cost8 The aguregale payroll oosls werè as follow8: Page18 East Cheshire HousSng Consortlum Llmit6d Notes to the Flnanclal Statemgnts for th& Yèar Ended 31 March 2024 2024 2023 Staff ￿St$ durtng Ihe ya8r ware: Wagas arKI salaTt8s Soclal 8ecurfty Costs Ponslon costs Agency costs 1,782,071 152,880 45,773 642,273 1,713,607 151448 43,193 800012 Th6 monthly avorlge number of p¢rsons 1,132,360 Total funds 1274 828 3910343 4 051482 1 133689 14 RolAtod party tra￿a￿tIOnS stè88 J V 8is881, Chalmi8n of the board of Truslaes cl￿r9ed faes of £9,871 (2023 £9,871). Tha 4mount outstandlrwJ to J V Bi88918t the bal#nce sheel date was NIL (2023 NIL). Pgga 21 E￿1 Choshlro Hou61ng Consortlum Llmlted Not0810 tho FinanGiaF Ststemgnt8 for the Year Ended 31 March 2024 15 Pan8ion and othor schemog Dgfinod contstknutlon panslon schBThe Durlrtg the year the Company ¢patst8d 4 deflngd oonlrlbutlon penslon schema. The ft¥89ts of the Bchem8 are held separately from those c)f the company In an Independentfy 8dmlnl8tered fLthd. The penslon Gosts and charge repre$ents wnlrlbutlnns plyabla by Ihe rompany tr) the fund and gmoL4nl to £9,240 (21Y23 £43,193}. At tho 31st March W24 contrtbullons 4mountlno lo £7,143 (2023 £7,180) wer payable to tha lund and wer8 Includ￿ In ¢ro(*L0rs. 16 Deslgnatod Funds The dwapldatlans fund provldes for the renovation of resfd8nts' rooms. There hav8 bèen nts tr8nsfor9 ts Dr frorn thi$ lund dudng Ihg curront or comparatlvÈ year. The fund bojance atth8 end wa8 £20,400 (2023 £20,400). 17 ReFtrlcl¥d Fund8 Nlxon Streot Donatlon The ￿*rfCt8d fund has arfsen frcm 8 don8llon recalved from Ihewlll of a fornierre8ldent of StswL The fvnds are restrlctgd lo th8 Improvemgnt Df N5xon Street. £4,01)O of the funds were allGrAted to fvmlshlng8 whlch W8Te capltallsed In No¥8rnbgr 2014. Tha fu￿1 Is therefore belno utlllsed agalnsl doprecl8llon of tt￿se furnlstru'ngs over flve ￿r$, Thls element of th8 fund hag now been fully depredated lea￿n0 th8 balance of £1.329 (2023 £1,329> ayaUabl8 for further Improvementg. Pagg 22 East Ch&¥hlre Hou8lng Consortlum Llmlted Dotailad Statsmant of Financial Actlvl*ios ft)r fhe Yoar Endod 31 March 2024 Total 2024 Total 2023 Incomo and Endowmonts from,, Donaflon8 and leg8des {&nalysod below) Other Incoma (analysed bèlow) 4,558,634 3,907,709 Totsl Income 4 544.869 Expendlluro on: Chayltabla aGUvllJes (an8ly8ad below) Other expendltyre (analy80d below) Tr)tal eXper￿[lUr￿ (4,438A34) (4,OB6,889) 41 78 (4,478J12) (4,118,918> Net incomel(expgndtturo) othgr rocognl8od gain5 and 108889 Gainsllos888 on revaluatlon of ftxed 8sgets (analysed balow) .047 (208,570) N81 thovementln fund8 R•eonclllatiDn olfvnd¥ 66,047 (141,139) Tolal funds brougm forNard Total funds ¢arrl8d loThYwd 1274 828 1133 689 Thls page d06s nol fomj parl UF the statutory finlndal 8tat8mentS. Page 23 East Cheshlro Houslng Con8Ortlum Limlted Detalled Statement of Flnanclal Actlyltles for tho Y￿r Endod 31 Morth 2024 Total 2024 Total 2023 Donaflons and logac108 Retslnér Chorge Gr&nt$ 4nd carè Incom8 50.872 4,$02,082 4,556,834 149,888 3,757,821 3,W7.709 other Income 1Profftylo￿ on dlep08al of tanglblg Ilxed asyets {14,275) 2,834 2,634 Gharltablo actlvltl•s R8nt and rates Rent Llght, heat and power Insurance Rep4lr8 and m8lntenan Tel6phon8 and fex GompulBT sth8ra and malnteMnc6 C03ts Pdntlng, post2￿ and 5tatiDnery Ml$c and housekeeplng Cle￿Ing MDtor gnd travel Wagg9 and 88larleg Stsff NIC (Employers) Staff panslons {D8flned coNlrfbLrtlon)- pension *chome I l.Ifellnes 127,511) (32,170) (1.114767> (878,974) 186,4021 (94.027) 162,S80) (45289) (1Q4,228) c93￿28) 179,913) (89,899) 115,810) (14,270) 132,3561 (13.823) 188,6651 {123.986) 140,545) {29.3991 (127,1271 (113.104) 11,732,071) (1,713,607) (152,380) (153.448) 145,773) (43.103) (4,503) 12,808) (4,378) (3.982)