2025-03-31-accounts

REGISTERED COMPANY NUMBER: 02550488 (England and Wales)
REGISTERED CHARITY NUMBER: 1001923

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2025

for

East Cheshire Housing Consortium Limited

Harts Limited
Chartered Accountants and Statutory Auditors
Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

East Cheshire Housing Consortium Limited

Contents of the Financial Statements for the Year Ended 31 March 2025

		Page
Report of the Trustees	1	to	8
Report of the Independent Auditors	9	to	12
Statement of Financial Activities		13
Balance Sheet		14
Cash Flow Statement		15
Notes to the Cash Flow Statement		16
Notes to the Financial Statements	17	to	27
Detailed Statement of Financial Activities	28	to	29

East Cheshire Housing Consortium Limited

Report of the Trustees for the Year Ended 31 March 2025

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreport with
thefinancialstatementsofthecharityfortheyearended31March2025.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

EastCheshireHousingConsortiumexiststoprovidesupportedaccommodationforpeoplewithmentalhealth support
needsandbelievethatthosewholiveinsupportedlivingshoulddosowithdignity,thattheyshouldhavetherespect of
thosewhosupportthem;shouldlivewithnoreductionoftheirrightsascitizens(exceptwherethelawsoprescribes); and
should be entitled to live as full and active a life as their physical and mental condition will allow.

TheobjectiveoftheCharityistopromoteanycharitablepurposeforthepublicbenefitofpersonswithprimarily mental
healthsupportneeds,whichmayincludeneurodiversity,toobtainthemostappropriateformsofhousingwith the
necessary support to meet their individual needs.

In respect the Trustees have had regard to the Charity's Commissions guidance in "Public Benefit".

InordertoachievetheabovetheCharityliaiseswithnationallocalauthorities,SocialServices,theNHSand housing
providers to create appropriate housing, and provides support staffing for such developments and individuals.

Key Strategies Used to Achieve Objectives

To achieve its charitable objectives, the Charity:

• Maintains strong partnerships with national local authorities, Social Services, the NHS and housing providers to identify

• and develop suitable accommodation opportunities;

• Delivers person-centred support services designed to meet the individual needs of service users;

• Partners with Registered Social Landlords to provide high quality supported living accommodation;

• Monitors service quality, occupancy levels and outcomes for service users to ensure resources are used effectively; and

• Works proactively with commissioners and stakeholders to identify future housing and support needs across the region.

Short-Term Objectives

During the next 12 months, the Charity aims to:

• Maintain high-quality support services across all schemes;

• Minimise property voids and maximise occupancy levels;

• Successfully embed and stabilise recently opened developments;

• Continue to strengthen financial resilience and maintain appropriate reserves;

• Ensure compliance with all regulatory, contractual and governance requirements; and

• Continue to ongoing development of staff, including training and onboarding.

Longer-Term Objectives

Over the next three to five years, the Charity aims to:

• Expand the availability of supported accommodation across Cheshire

• Develop sustainable partnerships with housing providers and commissioners;

• Increase the availability of support services to meet local demand;

• Improve outcomes for service users by promoting independence, stability and community participation;

• Maintain a financially sustainable organisation capable of responding to changing local needs and opportunities; and

• Explore grant and funding opportunities to further enhance staff training.

Linking Short-Term and Long-Term Objectives

TheCharity'sannualobjectivesaredesignedtosupportitslonger-termambitionofincreasingtheavailability of
high-qualitysupportedaccommodationwhileensuringtheorganisationremainsfinanciallyresilientandabletomeet the
changing needs of beneficiaries.

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East Cheshire Housing Consortium Limited

Report of the Trustees for the Year Ended 31 March 2025

OBJECTIVES AND ACTIVITIES

Public benefit

TheCharityisapublicbenefitentity.Thetrusteesconfirmthattheyhavecompliedwiththerequirementsofsection17 of
theCharitiesact2011tohavedueregardtothepublicbenefitguidancepublishedbytheCharityCommission for
England and Wales.

Volunteers

The were no volunteers during either current or previous year.

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East Cheshire Housing Consortium Limited

Report of the Trustees for the Year Ended 31 March 2025

ACHIEVEMENTS AND PERFORMANCE

TheCharityhascontinuedtoachieveitsgoalsthroughouttheyearandwillcontinuetoliaisewithLocal authorities,
Housing Associations and other Landlords in order to ensure the continuity provision of support in the future.

TheCharityhascontinuedtoexpanditsoperations,TheCharityopenedanewdevelopmentinHandforth,comprising of
10 1-bedroom flats.

TheCharitypridesitselfonthequalityofitsserviceprovision,andstandardsofhousing,andmeasuresitssuccess at
achieving its objectives by the increasing number of service users it is able to accommodate.

Measuring Success

TheSeniorLeadershipTeam(SLT)reporttheCharity'seffectivenesstotheTrusteesthrougha rangeofmeasures including
occupancylevels,thenumberofindividualssupported,serviceuseroutcomes,feedbackfromcommissionersand service
users,financialperformanceandcompliancewithregulatoryrequirements.DuringtheyeartheCharitycontinued to
expanditscapacitythroughtheopeningofadditionalsupportedaccommodationandmaintaineditsfocuson delivering
high-quality support services which promote independence and wellbeing.

Keyperformanceareasincludesafeguarding,compliance,health&safety,levelsandhandlingofcomplaints, staffing
levels & training and contractual matters.

Duringtheyear,theCharitycontinuedtodeliverhighqualitysupportedaccommodationandsupportservicesfor people
withmentalsupportneeds.Asignificantachievementwastheexpansionofaccommodationcapacitythroughthe opening
ofanewdevelopmentinHandforth,comprisingtenone-bedroomflats,enablingECHCtosupportmoreindividuals within
thecommunity.ThisexpansionwasadirectresultofCheshireEastCouncilsidentificationoftherequirement for
enhanced,24hours,supportavailablewithself-containedhousingunitstomeetthechangingneedsofserviceusers.
ClosecollaborationwithCheshireEastCouncil,includingsupportwithplanning,helpedtodeliverthisambitious addition
to the available accommodation.

TheCharityalsomaintainedstrongrelationshipswithlocalauthorities,housingprovidersandotherstakeholdersto meet
growing demand for its services.

Theyearwasnotwithoutchallenges.TheCharityexperiencedanincreaseinpropertyvoidsassociatedwiththe opening
ofnewaccommodationschemes,whichhadatemporaryimpactonoccupancylevelsandfinancialperformance. In
addition,adetailedreviewoftheCharity'sfinancialrecordsidentifiedanumberofhistoricaccountingerrorsrelating to
previousreportingperiods,resultinginsignificantprioryearadjustmentsanddelaysinthefinalisationandfiling of
statutoryaccounts.Itwasalsonecessarytourgentlyappointnewaccountantsandauditors,asthepreviousauditors had
notcompliedwiththeirregulatoryobligationsthatweresatisfactorytothenewauditors.Thedelaycausedby the
previousauditorsinprovidingthecorrectfinancialinformationandsupportingdocuments,causedsignificantdelayin the
finalising of the accounts.  This resulted in the late filings.

TheSLTrecognisetheimportanceofmaintainingtheconfidenceofserviceusers,commissioners,regulatorsand other
stakeholdersandreporttoTrusteesatbi-monthlymeetings.Therefore,uponidentificationofthesematters,the Charity
actedswiftlyconsultedtotheirappointedAccountanttostrengthenitsfinancialmanagementarrangementsby appointing
appropriatelyqualifiedfinancialresources,undertakingacomprehensivereviewoffinancialcontrolsand reporting
procedures,andimplementingimprovementstogovernanceandoversightarrangements.Recommendationsfrom this
audit will form a significant part of the ongoing continuous improvements of the financial processes.
Thelessonslearnedthroughthereviewprocesshaveinformedaprogrammeofcontinuousimprovementfocused on
enhancingfinancialreporting,improvingmanagementinformation,strengtheninginternalcontrolsandensuring greater
resilience for the future.

Lookingahead,theproposedtransitionoflandlordresponsibilitiestoSunnyvaleHousingAssociationisexpected to
reducefinancialandoperationalrisk,improvecashflowmanagement,lessenexposuretopropertyvoidsandallow staff
tofocusmoreoftheirtimeonsupportingserviceusersandimprovingoutcomes.TheTrusteesbelievethesechanges will
strengthen the long-term sustainability of the Charity and enhance its ability to achieve its charitable objectives.

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East Cheshire Housing Consortium Limited

Report of the Trustees for the Year Ended 31 March 2025

FINANCIAL REVIEW

Financial position

TheTrusteesattempttomaintainfreereservesatalevelwhichcoversatleasttwotothreemonthsoftotal expenditure,
whichisapproximately£1.24m(2024:£1.21m).Freereserves,beingthosereserveswhicharereadilyavailable without
requiring the sale of fixed assets, were £171,437 at the balance sheet date (2024: £300,488).

Duringtheyear,theCharitytookstepstostrengthenfinancialmanagementbyappointingappropriately qualified
financeresourcesandundertakingareviewoffinancialcontrols,reportingproceduresandgovernance arrangements.
TheresultingrecommendationsformpartoftheCharity'songoingprogrammeofcontinuousimprovement.Progress is
reported to Trustees at bi-monthly meetings.

Lookingahead,theproposedtransferoflandlordresponsibilitiestoSunnyvaleHousingAssociationisexpectedto reduce
financialandoperationalrisk,improvecashflowmanagement,reduceexposuretopropertyvoidsandenablestaff to
focustimeonsupportingserviceusers,improvingoutcomesanddevelopingECHC'soperations.TheTrusteesbelieve these
measures will strengthen the Charity's long-term sustainability and support the rebuilding of reserves over time.

Surplusfundsareinvestedinlowrisk,shorttomediumterm,investmentvehiclesinlinewiththeaboveobjectives,so that
flexibilityismaintainedinordertoensuretheCharityiscapableoftakingadvantageoftheavailabilityof suitable
properties as and when they arise.

DuringthepreparationofthefinancialstatementsandaspartofacomprehensivereviewoftheCharity's financial
reportingprocesses,anumberofhistoricaccountingerrorsrelatingtopriorperiodswereidentified.These primarily
relatedtothetreatmentofleaseholdimprovements,therecognitionofprepaymentsandaccruedincome,and the
recoverability of aged trade debtors.

TheSLTactedpromptlyuponidentifyingthesematters,undertakingadetailedreviewoftheCharity'sfinancial records
andfinancialcontrols,andappointingadditionalappropriatelyqualifiedprofessionalresourcestosupport the
restatementprocess.Asaresult,prioryearadjustmentshavebeenrecognisedwithinthesefinancialstatementsto ensure
compliance with FRS 102 and the Charities SORP.

TheTrusteesacknowledgethattheidentificationandcorrectionofthesematterscontributedtodelaysinthe completion
andfilingoftheCharity'sstatutoryaccounts.Whilstregrettable,theSLTconsidereditessentialthatsufficienttime was
takentoensurethatthefinancialstatementsprovideatrueandfairviewoftheCharity'sfinancialpositionand are
supported by robust evidence and appropriate professional review.

Followingthereview,anumberofimprovementshavebeenimplementedtostrengthenfinancialgovernance, enhance
financialoversightandimprovethequalityandtimelinessoffinancialreporting.TheSLTaresatisfiedthat appropriate
arrangements are now in place to support the continued effective stewardship of the Charity's resources.

Financial review for the year

Atthebalancesheetdatethecharity'sreservesstoodat£332,424(2024:£563,298)followingprioryear corrections
which resulted in a reduction to reserves of £635,110.

Incomefortheyearwas£4,750,410(2024:£4,600,308)andexpenditurewas£4,981,284(2024: £4,829,999),
resulting in a deficit in the year of £230,874 (2024: deficit of £229,691).

Significant Financial Events

Duringtheyear,theCharitycontinuedtoinvestinitslong-termservicecapacityandaccommodationprovision. A
significantdevelopmentwastheopeningofanewsupportedhousingschemeinHandforth,comprisingten one-bedroom
flats,togetherwiththecontinuedoperationanddevelopmentofDeanHouse.Theseinvestmentssupportedthe Charity's
strategicobjectiveofincreasingtheavailabilityofhigh-qualitysupportedaccommodationforpeoplewithmental health
support needs inline with demand and needs as identified by local authorities.

WhilethesedevelopmentsincreasedtheCharity'scapacitytosupportbeneficiaries,theyalsocontributedto a
temporaryincreaseinvoidlevelsasnewlyavailableaccommodationwasbroughtintoserviceandoccupancy levels
graduallyincreased.Thisimpactedrentalincomeandcashflowduringtheperiodwhilstassociatedoperating and
property costs continued to be incurred.

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East Cheshire Housing Consortium Limited

Report of the Trustees for the Year Ended 31 March 2025

In addition,theCharityundertooka detailedreviewofitsfinancialrecordsandreportingarrangementswhichresulted in
theidentificationandcorrectionofanumberofhistoricaccountingerrors.Theresultingprioryearadjustments affected
thereportedvalueofleaseholdimprovements,prepaymentsandaccruedincome,andtradedebtors.Although these
adjustmentsdidnotadverselyaffecttheCharity'sabilitytocontinueoperating,theyresultedinreductionsto previously
reported net assets and contributed to delays in the completion and filing of the statutory financial statements.

TheSLThavecarefullyconsideredtheimpactofthesemattersandhavetakendecisiveactiontostrengthen financial
management,governanceandreportingprocesses.Additionalappropriatelyqualifiedfinancialresourceswere engaged
andareviewoffinancialcontrolsandprocedureswasundertaken.TheSLTbelievetheseimprovementswillenhance the
quality, accuracy and timeliness of financial reporting in future periods and provide greater assurance to stakeholders.

Despitethesechallenges,demandfortheCharity'sservicesremainedstrongthroughouttheyearandtheSLT remain
confidentthattheinvestmentsmadeinaccommodationcapacity,governanceandfinancialoversightwillsupport the
Charity's long-term sustainability and ability to deliver positive outcomes for beneficiaries.

Principal funding sources

TheprincipalfundingsourcesfortheCharityareviacontractswithnationallocalauthorities,SocialServices,theNHS and
housing provider.  The Charity does not carry out fundraising activities.

Going concern

TheTrusteeshaveconsideredtheCharity'sabilitytocontinueasagoingconcernconsideringitsfinancial position,
contractual arrangements, available reserves, operational performance and anticipated future developments.

Duringtheyear,areviewoftheCharity'sfinancialreportingidentifiedanumberofhistoricaccountingadjustments which
havebeenreflectedinthesefinancialstatements.Whilstthereviewprocesscontributedtoadelayinthefinalisation of
theCharity'sstatutoryaccounts,theTrusteesaresatisfiedthatthesemattersdonotaffecttheCharity'sabilityto continue
operatinganddeliveringitscharitableobjectives.TheTrusteeshavetakenappropriateactiontostrengthen financial
governance, reporting processes and financial oversight arrangements.

TheTrusteeshavealsoconsideredtheplannedtransitionoflandlordresponsibilitiestoSunnyVale Supported
Accommodation.Thisdevelopmentisexpectedtoprovideanumberofoperationalandfinancialbenefits, including
improvedcashflowmanagement,reducedexposuretopropertyvoidrisks,reducedadministrativeburden associated
withtenancymanagement,utilities,counciltaxadministrationandpropertymaintenanceactivities,togetherwith greater
clarity in the separation of landlord and support provider responsibilities.

Thiswillallowmanagementandoperationalstafftofocusmoreoftheirtimeonsupportingserviceusers, improving
serviceoutcomesandcontinuingthedevelopmentoftheCharity'ssystemsandprocesses.Thearrangementis also
expectedtoreducecertainfinancialandoperationalriskscurrentlybornebytheCharityandfurther strengthen
stakeholder confidence in ECHC's service provision.

Havingconsideredthesefactors,theTrusteeshaveareasonableexpectationthattheCharityhasadequateresources to
continueinoperationalexistencefortheforeseeablefuture.Accordingly,thefinancialstatementshavebeen prepared
on a going concern basis.

Equity

TheCharitablecompanyislimitedbyguaranteewitheachmemberbeingliabletocontribute£1intheeventof a
windingup.Thetrusteescomprisethemembersofthecompany.AlloftheCharity'sreservesaretobeusedfor its
charitable purpose and there is not equity, or non-equity, interested parties.

Principal risks and uncertainties

Major risks have been reviewed and systems or procedures have been established to manage these risks.

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East Cheshire Housing Consortium Limited

Report of the Trustees for the Year Ended 31 March 2025

FUTURE PLANS

DemandforservicesprovidedbytheCharityremainshighandtheCharityhasoperatedwithanincreasein voidsdue to
theopeningofDeanHouse.TheTrusteescontinuetomonitortherequirementsofLocalAuthoritiesandare updated
bi-monthlybythemanagementteamonactivities,theyarealsomonitorthattheprovisionismeetingthe Charity's
objectives.

ECHCareindiscussionwiththeagreementofthetrusteesthattheywilllookintoapartnershipwithSunnyvale Housing
Associationandexistingpartners.ThiswillenableECHCtoconcentrateonprovidingsupport.Anynewdevelopments will
be commissioned through SLG and RSL.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

TheCharityisgovernedbythebytheTrusteeswhoarealsothememberswhomeetonaregularbasis.Thedayto day
runningisledbytheSLTwhoreporttothetrusteesatthebi-monthlymeetings.Policydecisionsareenactedby the
ChiefExecutiveOfficerandstaffmembers.Individualswhoholdappropriatequalificationsorwhohavethe relevant
experience,areinvitedtoofferthemselvesaspotentialTrusteesbasedontheiraffinitytotheobjectivesofthe Charity,
and are elected by the existing Trustees.

TheCharityisgovernedbyitsMemorandumandArticlesofAssociationandisincorporatedasaLimitedCompany. The
member'sliabilityislimitedbyguarantee.Intheeventofthecompanybeingwoundup,membersarerequired to
contribute an amount not exceeding of £1.

EastCheshireHousingConsortiumworkswithnationallocalauthorities,SocialServices,theNHSandhousingproviders to
providesuitablesupportedhousinginaccordancewiththeiraimsandobjectivesdetailedabove.Allstaff are
remunerated and the charity has no reliance on unpaid volunteers.

The Charity holds Trustee indemnity insurance for the protection of the Trustees.

Recruitment and appointment of new trustees

The recruitment process is led by the SLT.  New Trustee appointments are made by the existing members.

Induction and training of new trustees

FollowingthegatheringofTrusteepersonal,relevantskillsetinformationandvettingprocessing,includingDBS checks.
TheSLTforwardcopiesofminutesfromlatestAGMandBoardmeetingsandkeyinformationrequiredtocarry out
Trustee duties.

Key management remuneration

SLTareresponsibleforthesettingofkeymanagementpersonnelsalaries.PriortoMarch2025,nonewkey personnel
appointments had been made in many years.

CEO salary is set by the board of Trustees.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number
02550488 (England and Wales)

Registered Charity number

1001923

Registered office

Anderson House
Goodall Street
Macclesfield
Cheshire
SK11 7BD

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East Cheshire Housing Consortium Limited

Report of the Trustees for the Year Ended 31 March 2025

Trustees

S A Shaughnessy (Chair of the Trustees)
M A Smith
T Cresswell
J Carr (appointed 10.9.24)
J Wigmore Director (appointed 10.9.24)
M J Flanagan (appointed 19.2.25)
S E Horne (resigned 27.1.25)
A N A Dicken (resigned 10.9.24)
J V Bisset (resigned 9.9.24)

Company Secretary

B J Wright

Auditors

Harts Limited
Chartered Accountants and Statutory Auditors
Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

Senior management personnel

B Wright (Chief Executive Officer)
R Jones
D Sproston

Professional Advisers and Banking Arrangements

Banking: Barclay Bank

Human Resources : Watershed Europe Limited

Industry Specific:  NHS Specialised Clinical Advisors

Insurers: PIB Risk Services Ltd - Employer liability, Public liability, Professional indemnity, Legal Expenses, Cyber

STATEMENT OF TRUSTEES' RESPONSIBILITIES

Thetrustees(whoarealsothedirectorsofEastCheshireHousingConsortiumLimitedforthepurposesofcompany law)
areresponsibleforpreparingtheReportoftheTrusteesandthefinancialstatementsinaccordancewithapplicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Companylawrequiresthetrusteestopreparefinancialstatementsforeachfinancialyear.Underthatlaw,the trustees
haveelectedtopreparethefinancialstatementsinaccordancewithUnitedKingdomGenerallyAccepted Accounting
Practice (United Kingdom Accounting Standards and applicable law).

Undercompanylawthetrusteesmustnotapprovethefinancialstatementsunlesstheyaresatisfiedthattheygivea true
andfairviewofthestateofaffairsofthecharitablecompanyandoftheincomingresourcesandapplication of
resources,includingtheincomeandexpenditure,ofthecharitablecompanyforthatperiod.Inpreparingthose financial
statements, the trustees are required to

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities 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 charitable company will continue in business.

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East Cheshire Housing Consortium Limited

Report of the Trustees for the Year Ended 31 March 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyatany time
thefinancialpositionofthecharitablecompanyandtoenablethemtoensurethatthefinancialstatementscomply with
theCompaniesAct2006.Theyarealsoresponsibleforsafeguardingtheassetsofthecharitablecompanyandhence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

• there is no relevant audit information of which the charitable company's auditors are unaware; and

• the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors,  Harts Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct2006 relating
to small companies.

Approved by order of the board of trustees on 13 August 2026 and signed on its behalf by:

S A Shaughnessy - Trustee

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Report of the Independent Auditors to the Members of
East Cheshire Housing Consortium Limited

Opinion

WehaveauditedthefinancialstatementsofEastCheshireHousingConsortiumLimited(the'charitablecompany')for the
yearended31March2025whichcomprisetheStatementofFinancialActivities,theBalanceSheet,theCash Flow
Statementandnotestothefinancialstatements,includingasummaryofsignificantaccountingpolicies.The financial
reportingframeworkthathasbeenappliedintheirpreparationisapplicablelawandUnitedKingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

Weconductedourauditin accordancewithInternationalStandardsonAuditing(UK)(ISAs(UK))andapplicablelaw. Our
responsibilitiesunderthosestandardsarefurtherdescribedintheAuditors'responsibilitiesfortheauditofthe financial
statementssectionofourreport.Weareindependentofthecharitablecompanyinaccordancewiththe ethical
requirementsthatarerelevanttoourauditofthefinancialstatementsin theUK,includingtheFRC'sEthicalStandard, and
wehavefulfilledourotherethicalresponsibilitiesinaccordancewiththeserequirements.Webelievethatthe audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcernbasisofaccounting in
the preparation of the financial statements is appropriate.

Basedontheworkwehaveperformed,wehavenotidentifiedanymaterialuncertaintiesrelatingtoeventsor conditions
that,individuallyorcollectively,maycastsignificantdoubtonthecharitablecompany'sabilitytocontinueasa going
concern for a period of at least twelve months from when the financial statements are authorised for issue.

Ourresponsibilitiesandtheresponsibilitiesofthetrusteeswithrespecttogoingconcernaredescribedinthe relevant
sections of this report.

Other information

Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisestheinformationincludedin the
Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttotheextent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand,in doing so,
considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsorourknowledge obtained
intheauditorotherwiseappearstobemateriallymisstated.Ifweidentifysuchmaterialinconsistenciesor apparent
materialmisstatements,wearerequiredtodeterminewhetherthisgivesrisetoamaterialmisstatementinthe financial
statementsthemselves.If,basedontheworkwehaveperformed,weconcludethatthereisamaterialmisstatement of
this other information, we are required to report that fact.  We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the Report of the Trustees has been prepared in accordance with applicable legal requirements.

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Report of the Independent Auditors to the Members of
East Cheshire Housing Consortium Limited

Matters on which we are required to report by exception

Inthelightoftheknowledgeandunderstandingofthecharitablecompanyanditsenvironmentobtainedinthecourse of
the audit, we have not identified material misstatements in the Report of the Trustees.

WehavenothingtoreportinrespectofthefollowingmatterswheretheCompaniesAct2006requiresustoreport to
you if, in our opinion:

• adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of trustees' remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit; or

• the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees

AsexplainedmorefullyintheStatementofTrustees'Responsibilities,thetrustees(whoarealsothedirectorsof the
charitablecompanyforthepurposesofcompanylaw)areresponsibleforthepreparationofthefinancial statements
andforbeingsatisfiedthattheygiveatrueandfairview,andforsuchinternalcontrolasthetrusteesdetermine is
necessarytoenablethepreparationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherdue to
fraud or error.

Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharitablecompany'sability to
continueasa goingconcern,disclosing,asapplicable,mattersrelatedtogoingconcernandusingthegoingconcern basis
ofaccountingunlessthetrusteeseitherintendtoliquidatethecharitablecompanyortoceaseoperations,orhave no
realistic alternative but to do so.

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Report of the Independent Auditors to the Members of
East Cheshire Housing Consortium Limited

Our responsibilities for the audit of the financial statements

Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefree from
materialmisstatement,whetherduetofraudorerror,andtoissueaReportoftheIndependentAuditorsthatincludes our
opinion.Reasonableassuranceisa highlevelofassurance,butisnota guaranteethatan auditconductedin accordance
withISAs(UK)willalwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarisefromfraudorerror and
areconsideredmaterialif,individuallyorintheaggregate,theycouldreasonablybeexpectedtoinfluence 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:

Irregularities,includingfraud,areinstancesofnon-compliancewithlawsandregulations.Wedesignproceduresin line
withourresponsibilities,outlinedabove,todetectmaterialmisstatementsinrespectofirregularities,includingfraud. The
extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Theprimaryresponsibilityforthepreventionanddetectionofnon-compliancewithlawsandregulations,including fraud,
rests with both those charged with governance of the entity and management.

Weobtainedan understandingofthelegalandregulatoryframeworksthatareapplicabletotheCharitablegroup and
considered acts by the group that were contrary to these laws and regulations, including fraud.

Weevaluatedmanagement'sincentivesandopportunitiesforfraudulentmanipulationofthefinancial statements
(includingtheriskofanoverrideofcontrols)anddeterminedthattheprincipleriskswererelatedtoincome recognition.
We also determined that there is a risk of inappropriate journal entries being included.

Appropriate procedures performed by the engagement team included:

- Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations;

- Challenging the assumptions and judgements made by management in their significant accounting estimates;

- Reviewing the minutes of meetings of the Board of Trustees/Directors;

-Discussionswithmanagement,includingconsiderationofknownorsuspectedinstancesofnon-compliancewithlaws and
regulations and fraud;

- Performinganalyticalprocedurestoidentifyandunusualorunexpectedrelationshipsthatmayindicaterisksof material
misstatement due to fraud.

Thereareinherentlimitationsintheauditproceduresdescribedabove.Thefurtherremovednon-compliancewith laws
andregulationsisfromtheeventsandtransactionsreflectedinthefinancialstatements,thelesslikelyweareto become
awareofit.Auditingstandardsalsolimittheauditproceduresrequiredtoidentifynon-compliancewithlaws and
regulationstoenquiryofthetrusteesandothermanagementandinspectionofregulatoryandlegalcorrespondence, if
any.Theriskofnotdetectingamaterialmisstatementduetofraudishigherthantheriskofnotdetectingone resulting
fromerror,asfraudmayinvolvedeliberateconcealmentby,forexample,forgery,intentionalmisrepresentation or
through collusion.

Basedonthisunderstandingwedesignedourauditprocedurestoidentifynon-compliancewithsuchlawsand regulations
that could materially impact the financial statements.

AfurtherdescriptionofourresponsibilitiesfortheauditofthefinancialstatementsislocatedontheFinancial Reporting
Council'swebsiteatwww.frc.org.uk/auditorsresponsibilities.ThisdescriptionformspartofourReportofthe Independent
Auditors.

Page 11

Report of the Independent Auditors to the Members of
East Cheshire Housing Consortium Limited

Use of our report

Thisreportismadesolelytothecharitablecompany'smembers,asabody,inaccordancewithChapter3ofPart16 of
theCompaniesAct2006.Ourauditworkhasbeenundertakensothatwemightstatetothecharitable company's
membersthosematterswearerequiredtostatetotheminanauditors'reportandfornootherpurpose.Tothe fullest
extentpermittedbylaw,wedonotacceptorassumeresponsibilitytoanyoneotherthanthecharitablecompanyand the
charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

David Taylor BFP FCA (Senior Statutory Auditor)
for and on behalf of Harts Ltd Harts Limited
Chartered Accountants and Statutory Auditors
Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

Date: ............................................. 17/08/2026

Page 12

East Cheshire Housing Consortium Limited

Statement of Financial Activities

(Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2025

Notes INCOME AND ENDOWMENTS FROM Charitable activities 2 Charitable activities EXPENDITURE ON Charitable activities 3 Charitable activities NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward As previously reported Prior year adjustment 9 As restated TOTAL FUNDS CARRIED FORWARD	Unrestricted funds £ 4,750,410 4,981,284 (230,874) 1,199,737 (635,110) 564,627 333,753	Restricted fund £ - - - - - - -	31.3.25 Total funds £ 4,750,410 4,981,284 (230,874) 1,199,737 (635,110) 564,627 333,753	31.3.24 Total funds as restated £ 4,600,308
				4,829,999
				(229,691) 1,133,690 (339,372)
				794,318
				564,627

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 13

East Cheshire Housing Consortium Limited

Balance Sheet

31 March 2025

Notes FIXED ASSETS Tangible assets 10 CURRENT ASSETS Debtors 11 Cash at bank and in hand CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 13 NET ASSETS FUNDS 16 Unrestricted funds TOTAL FUNDS	Unrestricted funds £ 160,987 528,120 41,599 569,719 (298,651) 271,068 432,055 (98,302) 333,753	Restricted fund £ - - - - - - - - -	31.3.25 Total funds a £ 160,987 528,120 41,599 569,719 (298,651) 271,068 432,055 (98,302) 333,753 333,753 333,753	31.3.24 Total funds s restated £ 262,810 470,853 137,148
				608,001 (178,710)
				429,291
				692,101 (127,474)
				564,627
				564,627
				564,627

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon13August2026and were
signed on its behalf by:

S A Shaughnessy - Trustee

The notes form part of these financial statements

Page 14

East Cheshire Housing Consortium Limited

Cash Flow Statement for the Year Ended 31 March 2025

Notes Cash flows from operating activities Cash generated from operations 1 Interest element of hire purchase payments paid Net cash used in operating activities Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Net cash provided by/(used in) investing activities Cash flows from financing activities Capital repayments in year Net cash (used in)/provided by financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period	31.3.25 £ (55,284) (12,153) (67,437) - 17,478 17,478 (45,590) (45,590) (95,549) 137,148 41,599	31.3.24 as restated £ (96,683) (7,522) (104,205) (157,470) 28,872 (128,598) 28,568 28,568 (204,235) 341,383 137,148

The notes form part of these financial statements

Page 15

East Cheshire Housing Consortium Limited

Notes to the Cash Flow Statement for the Year Ended 31 March 2025

1.

RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Loss on disposal of fixed assets Interest element of hire purchase and finance lease rental payments (Increase)/decrease in debtors Increase in creditors Net cash used in operations	31.3.25 £ (230,874) 78,077 6,268 12,153 (57,267) 136,359 (55,284)	31.3.24 as restated £ (229,691) 60,119 14,275 7,522 17,617 33,475 (96,683)

2. ANALYSIS OF CHANGES IN NET DEBT

Net cash Cash at bank and in hand Debt Finance leases Total	At 1.4.24 Cash flow At 31.3.25 £ £ £ 137,148 (95,549) 41,599 137,148 (95,549) 41,599 (164,040) 45,590 (118,450) (164,040) 45,590 (118,450) (26,892) (49,959) (76,851)

The notes form part of these financial statements

Page 16

East Cheshire Housing Consortium Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)', Financial
ReportingStandard102'TheFinancialReportingStandardapplicablein theUKandRepublicofIreland'and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is also the functional currency of the company.

Critical accounting judgements and key sources of estimation uncertainty

Intheapplicationofthecharitablecompany'saccountingpolicies,thetrusteesarerequiredtomake judgements,
estimatesandassumptionsaboutthecarryingamountsofassetsandliabilitiesthatarenotreadilyapparent from
othersources.Theestimatesandassociatedassumptionsarebasedon historicalexperienceandotherfactors that
are considered to be relevant. Actual results may differ from these estimates.

Theestimatesandunderlyingassumptionsarereviewedonanongoingbasis.Revisionstoaccounting estimates
arerecognisedintheperiodinwhichtheestimateisrevisedwheretherevisionaffectsonlythatperiod,orin the
period of the revision and future periods where the revision affects both current and future periods.

TheTrusteesdonotconsiderthatthereareanycriticaljudgements,apartfromthoseinvolvingestimates,made in
applying the Charitable company's accounting policies.

TheTrusteesconsiderthattherearenokeysourcesofestimationuncertaintythathavea significantriskof causing
a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Income

Allincomeisrecognisedoncethecharityhasentitlementtotheincome,itisprobablethattheincomewill be
received and the amount can be measured reliably.

Grants receivable

GrantsarerecognisedwhentheCharityhasanentitlementtothefundsandanyconditionslinkedtothe grants
havebeenmet.Whereperformanceconditionsareattachedtothegrantandareyettobemet,theincome is
recognised as a liability and included on the balance sheet as deferred income to be released.

Expenditure

Allexpenditureisrecognisedoncethereisalegalorconstructiveobligationtothatexpenditure,itis probable
settlementis requiredandtheamountcanbemeasuredreliably.Allcostsareallocatedtoapplicable expenditure
headingthataggregatesimilarcoststothatcategory,Wherecostscannotbedirectlyattributedto particular
headingthehavebeenallocatedonabasisconsistentwiththeuseofresources,withcentralstaffcosts allocated
onthebasisoftimespent.,anddepreciationchargesallocatedonthepositionoftheasset'suse.Other support
costs are allocated based on the spread of staff costs.

Support costs

Supportcostsincludecentralfunctionsandhavebeenallocatedtoactivitycostcategoriesonabasis consistent
withtheuseofresources,forexample,allocatingpropertycostsbyfloorareas,orpercapita,staffcostsby the
time spent and other costs by their usage.

Tangible fixed assets

Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property- Over the period of the lease
Plant and machinery- 20% on cost
Motor vehicles- 25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

continued...

Page 17

East Cheshire Housing Consortium Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES - continued

Fund accounting

Unrestrictedincomefundsaregeneralfundsthatareavailableforuseatthetrusteesdiscretiononfurtherance of
the objectives of the Charity.

Restrictedincomefundsarethosedonatedforusein a particularareaorforspecificpurposes,theuseofwhich is
restricted to that area or purpose.

Hire purchase and leasing commitments

Rental paid under operating leases are charged to the SOFA on a straight line basis over the lease.

Pension costs and other post-retirement benefits

TheCharityhasoperatedacontributionbasedauto-enrolmentpensionschemeforthebenefitofitsemployees in
accordancewithlegislationonworkplacepensions.ThepensioncostsarisingarechargedtotheSOFAunder staff
costs at the time of the liability is incurred.

Going concern

Thedirectorshavereviewedthecharity'sabilitytocontinueasagoingconcernbeyondtheanniversaryof the
annualgeneralmeetingbyreferencebudgetspreparedforthefinancialyearend31stMarch2025,the levels
ofreservesanticipatedatthatdate,andthefutureplannedinvestment.Theyhaveconcludedthatthereare no
foreseeable issues which would prevent the company preparing the financial statements on a going concern basis.

Financial instruments

Basicfinancialinstrumentsareinitiallymeasuredattransactionpriceandsubsequentlymeasuredat amortised
cost,withtheexceptionofcashatbankwhichisheldatfairvalue.Financialassetsheldatamortised cost
comprisetradeandotherdebtorsandfinancialliabilitiesheldatamortisedcostcomprisetradeand other
creditors, except taxation and social security.

Trade debtors

Trade debtors are amounts due from customers in relation to the carrying out of charitable activities.

Tradedebtorsarerecognisedinitiallyatthetransactionprice.Theyaresubsequentlymeasuredat amortised
cost,lessprovisionforimpairment.Aprovisionfortheimpairmentoftradedebtorsisestablishedwhenthere is
objectiveevidencethatthecharitywillnotbeabletocollectallamountsdueaccordingtotheoriginalterms of
the receivables.

Cash and cash equivalents

Cashandcashequivalentscomprisecashonhandandbankdeposits,andothershort-termhighly liquid
investmentsthatarereadilyconvertibletoaknownamountofcashandaresubjecttoaninsignificantrisk of
change in value.

Trade creditors

Tradecreditorsareobligationstopayforgoodsorservicesthathavebeenacquiredintheperformance of
charitable activities and support services from suppliers.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost.

Company status

Thecharitablecompanyislimitedbyguaranteewitheachmemberbeingliabletocontribute£1intheeventof a
winding up. The trustees comprise the members of the company.

continued...

Page 18

East Cheshire Housing Consortium Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

2. INCOME FROM CHARITABLE ACTIVITIES

		31.3.25	31.3.24
			as restated
	Activity	£	£
Supported housing income	Charitable activities	4,750,410	4,600,308

3. CHARITABLE ACTIVITIES COSTS

All costs relate to unrestricted funds.

	31.3.25	31.3.24
		as restated
	£	£
Wages costs (see note 7)	1,840,335	1,650,441
Agency staff costs	647,474	617,964
Rent	1,090,707	1,142,162
Rates and water	54,248	30,106
Insurance	15,643	12,603
Light and heat	156,261	83,587
Telephone	21,150	19,263
Postage and stationery	35,553	20,097
Repairs and maintenance	89,246	182,581
Computer and IT costs	8,331	5,213
Housekeeping and other sundries	37,653	84,367
Cleaning	40,304	39,926
Motor and travel	86,384	153,095
Lifelines	3,640	4,503
Staff training	11,110	12,869
Registrations	1,045	984
Legal, professional and consultancy costs	-	14,789
Bad debt written off	33,609	15,731
Depreciation of tangible fixed assets	78,077	60,119
Loss on disposal of fixed assets	6,268	14,275
Hire purchase interest	12,153	7,522
Support and governance costs (see note 4)	712,093	657,802
	4,981,284	4,829,999

continued...

Page 19

East Cheshire Housing Consortium Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

4. SUPPORT COSTS

	31.3.25	31.3.24
		as restated
	£	£
Wages costs (see note 7)	367,167	329,784
Rent, rates and water	32,372	32,150
Insurance	62,844	49,977
Light and heat	3,306	2,815
Telephone	39,834	61,175
Postage and stationery	11,271	12,259
Repairs and maintenance	5,626	9,597
Computer and IT costs	17,292	11,812
Cleaning	1,264	669
Motor and travel	98,908	71,244
Staff training	4,800	11,380
Legal, professional and consultancy costs	21,421	28,522
Sundry expenses	37,267	28,623
Bank charges	221	235
Governance costs (see below)	8,500	7,560
	712,093	657,802
Governance costs
	31.3.25	31.3.24
		as restated
	£	£
Auditors' remuneration	8,500	7,560

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

	31.3.25	31.3.24
		as restated
	£	£
Auditors' remuneration	8,500	7,560
Depreciation of tangible fixed assets	78,077	60,120
Operating lease costs	1,294,813	1,276,069
Hire purchase interest	12,152	7,523
Loss on disposal of fixed assets	6,268	14,275

continued...

Page 20

East Cheshire Housing Consortium Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

6. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norforthe year
ended 31 March 2024.

Trustees' expenses

During the year there were travel expenses paid to one Trustee of £88 (2024: £nil).

7. STAFF COSTS

Wages and salaries Social security costs Other pension costs	31.3.25 £ 1,932,628 208,919 65,955 2,207,502	31.3.24 as restated £ 1,746,677 176,912 56,636 1,980,225

The average monthly number of employees during the year was as follows:

	31.3.25	31.3.24
		as restated
Operational and Administrative	92	87

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£60,001 - £70,000 £80,001 - £90,000 £90,001 - £100,000	31.3.25 a 2 - 1 3	31.3.24 s restated 1 1 - 2

KeyManagementPersonnelconsistsoftheTrusteesandseniormanagementteam.Thetotalemployee benefits
paid to Key Management Personnel during the year were £334,732 (2024: £312,172).

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM Charitable activities Charitable activities EXPENDITURE ON Charitable activities Charitable activities NET INCOME/(EXPENDITURE)	Unrestricted funds £ 4,600,308 4,829,999 (229,691)	Restricted fund £ - - -	Total funds as restated £ 4,600,308
			4,829,999
			(229,691)

continued...

Page 21

East Cheshire Housing Consortium Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

RECONCILIATION OF FUNDS Total funds brought forward As previously reported Prior year adjustment As restated TOTAL FUNDS CARRIED FORWARD	Unrestricted funds £ 1,133,690 (339,372) 794,318 564,627	Restricted fund £ - - - -	Total funds as restated £ 1,133,690 (339,372)
			794,318
			564,627

9. PRIOR YEAR ADJUSTMENT

Duringtheyear,anumberofmaterialerrorsinthefinancialstatementsfortheyearended31March2024 and
earlierperiodswerediscovered.InaccordancewithFRS102andtheCharitiesSORP,thecomparative amounts
have been restated to correct these errors.

The errors identified and the resulting adjustments are summarised below:

Balance sheet		Correction at 1 April 2023 (£ )		Correction for year ended 31 March 2024 (£ )	Correction for year ended 31 March 2024 (£ )	Correction for year ended 31 March 2024 (£ )		Cumulative at 31 March 2024 (£ )	Cumulative at 31 March 2024 (£ )
Leashold improvements		(110,601)				(18,241)			(128,842)
Prepayments and accrued income		-			(261,766)				(261,766)
Trade debtors		(228,771)			(15,731)				(244,502)
Total balance sheet adjustment		(339,372)			(295,738)				(635,110)

Correctionstoleaseholdimprovementsrelatetodepreciationchargeswhichhadnotbeenmadein accordance
withthecharitablecompaniespolicyofdepreciatingovertheshorteroftheleasetermandtheuseful economic
life of the asset.

Correctionstoprepaymentsandaccruedincomerelatetothecorrectapplicationofrecognitioncriteria in
accordance with FRS 102 and Charities SORP.

Corrections to trade debtors relate to a review of irrecoverable debt.

		Adjustments	relating to:
Statement of Financial Activities	Prior periods before 1 April 2023		Year ended 31 March 2024
Increase in income		-	41,674
(Increase) in expenditure		-	(303,440)
(Increase) in doubtful debt expense		(228,771)	(15,731)
(Increase) in depreciation of tangible fixed assets		(110,601)	(18,241)
Net (reduction) in funds		(339,372)	(295,738)

continued...

Page 22

East Cheshire Housing Consortium Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

9. PRIOR YEAR ADJUSTMENT - continued

Inaddition,acorrectionwasmadetothevalueoftherestrictedfundwhichstoodat£1,329.Thisfundwas all
expended during the 2020/21 financial year and the financial statements have been restated to reflect this.

Intheamendedaccountsto31stMarch2024,therewasarevaluationreserveinunrestrictedfunds comprising
historicalrevaluationsurplusesrelatingtoaninvestmentproperty.Thepropertywassoldin2022,therefore the
revaluationreserveceasedtohaveacontinuingpurposefromthedateofdisposal.Thesefinancial statements
nowreflectthetransferofthisrevaluationreservetothegeneralfund,andthereforerestatesthe unrestricted
fund to comprise only general unrestricted funds brought forward as at 1st April 2023.

10. TANGIBLE FIXED ASSETS

Improvements to property £ COST At 1 April 2024 348,292 Disposals - At 31 March 2025 348,292 DEPRECIATION At 1 April 2024 284,134 Charge for year 25,663 Eliminated on disposal - At 31 March 2025 309,797 NET BOOK VALUE At 31 March 2025 38,495 At 31 March 2024 64,158	Plant and machinery £ 234,035 - 234,035 234,035 - - 234,035 - -	Motor vehicles £ 262,987 (67,528) 195,459 64,335 52,414 (43,782) 72,967 122,492 198,652	Totals £ 845,314 (67,528) 777,786 582,504 78,077 (43,782) 616,799 160,987 262,810

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

COST At 1 April 2024 Disposals Transfer to ownership At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year Eliminated on disposal Transfer to ownership At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024	Motor vehicles £ 241,987 (56,528) (14,500) 170,959 50,834 51,804 (32,782) (11,793) 58,063 112,896 191,153

continued...

Page 23

East Cheshire Housing Consortium Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments & accrued income 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Hire purchase (see note 14) Trade creditors Social security and other taxes Other creditors Accrued expenses 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Hire purchase (see note 14) 14. LEASING AGREEMENTS Minimum lease payments fall due as follows: Net obligations repayable: Within one year Between one and five years Within one year Between one and five years In more than five years

31.3.25 31.3.24 as restated £ £ 345,842 289,218 3,944 7,518 178,334 174,117 528,120 470,853 31.3.25 31.3.24 as restated £ £ 20,148 36,566 192,474 82,904 43,095 35,946 13,825 9,385 29,109 13,909 298,651 178,710 31.3.25 31.3.24 as restated £ £ 98,302 127,474 Hire purchase contracts 31.3.25 31.3.24 as restated £ £ 20,148 36,566 98,302 127,474 118,450 164,040 Non-cancellable operating leases 31.3.25 31.3.24 as restated £ £ 1,169,542 1,140,652 4,376,834 4,361,692 14,148,778 15,223,454 19,695,154 20,725,798

continued...

Page 24

East Cheshire Housing Consortium Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

14. LEASING AGREEMENTS - continued

Thecharityhasenteredintoanumberoflong-termleaseagreementsinrespectofaccommodationusedin the
deliveryofitsservicestotheserviceusers.Thecommitmentsarisingfromtheseagreementsaresignificantdue to
thenatureofthecharity'sactivities,whichrequireittosecuresuitableaccommodationforserviceusersover the
long term in order to provide continuity and stability of care and support.

Theamountsdisclosedaboverepresenttheminimumcontractualcommitmentsundertheleasesat31March 2025,
basedon therentalandothercontractualchargesapplicableatthatdate.Thecommitmentsexcludetheeffect of
future rent reviews or other charges which are not determinable at the reporting date.

TheamountrecognisedintheStatementofFinancialActivitiesintheyearrelatingtocostsincurred under
operating leases was £1,294,813 (2024: £1,276,069).

15. SECURED DEBTS

The following secured debts are included within creditors:

	31.3.25	31.3.24
		as restated
	£	£
Hire purchase contracts	118,450	164,040

Liabilities due under hire purchase agreements are secured on the assets to which they relate.

16. MOVEMENT IN FUNDS

At 1.4.24 £ Unrestricted funds General fund 1,179,337 Designated Funds 20,400 1,199,737 TOTAL FUNDS 1,199,737 Net movement in funds, included in the above are Unrestricted funds General fund TOTAL FUNDS	Prior year adjustment £ (635,110) - (635,110) (635,110) as follows:	Net movement in funds £ (230,874) - (230,874) (230,874) Incoming resources £ 4,750,410 4,750,410	Transfers between funds £ 20,400 (20,400) - - Resources expended £ (4,981,284) (4,981,284)	At 31.3.25 £ 333,753 - 333,753 333,753 Movement in funds £ (230,874) (230,874)

continued...

Page 25

East Cheshire Housing Consortium Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds General fund Designated Funds TOTAL FUNDS	At 1.4.23 £ 1,113,290 20,400 1,133,690 1,133,690	Prior year adjustment £ (339,372) - (339,372) (339,372)	Net movement in funds £ (229,691) - (229,691) (229,691)	At 31.3.24 £ 544,227 20,400
				564,627
				564,627

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 4,600,308 4,600,308	Resources expended £ (4,829,999) (4,829,999)	Movement in funds £ (229,691)
			(229,691)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund Designated Funds TOTAL FUNDS	At 1.4.23 £ 1,113,290 20,400 1,133,690 1,133,690	Prior year adjustment £ (974,482) - (974,482) (974,482)	Net movement in funds £ (460,565) - (460,565) (460,565)	Transfers between funds £ 20,400 (20,400) - -	At 31.3.25 £ (301,357) -
					(301,357)
					(301,357)

Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheabove are
as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 9,350,718 9,350,718	Resources expended £ (9,811,283) (9,811,283)	Movement in funds £ (460,565)
			(460,565)

Aspartoftheprioryearcorrections,detailedinnote9,acorrectionwasmadetothevalueofthe restricted
fund,whichstoodat£1,329.Thisfundwasallspentduringthe2020/21financialyearandthe financial
statements have been restated to reflect this.

continued...

Page 26

East Cheshire Housing Consortium Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

16. MOVEMENT IN FUNDS - continued

Transfers between funds

Thedesignatedfundrelatedhistoricallytoadilapidationsfund,ringfencedtoprovidefortherenovation of
residents'rooms.Thedesignatedfundisnolongerconsiderednecessaryandhasthereforebeentransferred in
full to general unrestricted funds.

17. RELATED PARTY DISCLOSURES

MrJBisset,formerChairmanoftheBoardofTrusteeschargedconsultancyfeesof£5,232(2024:£9,871)to the
charity until resignation as a Trustee on 9th September 2024.

18. PENSIONS AND OTHER SCHEMES

Duringtheyearthecharitablecompanyoperatedadefinedcontributionpensionschemeforitsemployees. The
assets of the scheme are held independently from those of the company in an independently administered fund.

Thepensioncostsandchargerepresentscontributionspayablebythecharitablecompanytothefund and
amountto£54,923(2024£45,773).Atthe31stMarch2025contributionsamountingto£8,359(2024: £7,143)
were owed to the fund and were included in other creditors.

Page 27