CHARITY REGISTRATION NUMBER.. 1002396
Foundry Community Housing
Unaudited Financial Statements
31 December 2024
JENNIONS MACKEN
Institute of Financial Accountants
Suite 1, Foundry House
Widnes Business Park
Waterside Lane
Widnes
Cheshire
WA8 8GT

Foundry Community Housing
Financial Statements
Year ended 31 December 2024
Page
Trustees, annual report
Independent examine¢s report to the trustees
statement of financial activities
Statement of financial position
Notes to the financial statements
The following pages do not form part of the flnancial statements
Detailed statement of financial activilies
16
Notes to the detailed staternent of financial activities
17
Final Accounts

Foundry Community Housing
Trustees. Annual Report
Year ended 31 December 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended
31 December 2024.
Reference and admlnlstrative detalls
Reglst8red charlty nam6
Foundry Community Housing
Charlty reglstration number
1002398
Principal offlce
Clo The Foundry
Lugsdale Road
Widnes
Cheshire
The trusto8s
Mr H Kelly (appointed 11.04.24)
Miss L Taviner
Mr S Smith
Mrs J Hicklin
Mrs L Holland
Mr l Aitken (resigned 29.04.24)
Independènt examiner
Mr l Jennions BA (Hons) FFA FIPA FFTA
Suite 1, Foundry House
Widnes Business Park
Walerside Lane
Vvidnes
Cheshire
WA8 8GT
Structure• governanc• and management
The organisation was registered as a Charity on 27 March 1991 under a governing instrument dated 18
October 1990. The organisation is governed by a management committee.
INVESTMENT POLICY
The Trustees have the power to invest in such assets as they see fit subject nevertheless to such
condilions and consents as may. for the time being, be imposed or required by law. Surplus funds are
invested with various institutions.
RESERVES POUCY
The Charity carries out a variety of both long-term and short4errn projects. The Trustees have examined
the requirement for free resep4es. which are those unrestricted funds not invesled in fixed assets.
designated for specific purposes or othe￿ise committed. The Trustees consider that currently. given
the nature of our work, this should be approximately £625.000, which gives flexibility to cover short term
timing differences for grant Claims and adequate working capital for our core costs, and to represent
investm8nl in fi'xed assets. However, the Trustees keep this under regular review as circumstances
change. The free reserves at 31 December 2024 consist of ihe profit and loss reserve of £1,486,799.
Final Accounts

Foundry Community Housing
Trustees. Annual Report f¢onlinued)
Year ended 31 December 2024
Strudure, govemance and management (¢ontlnuedJ
RISK MANAGEMENT
The Trustees actively review the major risks which the Charity faces on a regular basis and believe thal
maintaining our free reserves at the levels stated above, combined with our annual review of the ¢ontrols
over key financial systems, will provide sufficient resource5 in the event of adverse conditions. The
Trustees have also examined other operational and business risks which we face and confirm thal they
have established systems to mitigate the $ignrficant risks.
Objectives and actlvities
The objeclives and activities of Foundry Community Housing are:
1) Housing accommodation for persons over 60 years who are members of Iha Foundry Community
Church or in fellowship with the Church, or a Church in fellowship therewith, or persons in such
need.
2) Relieving aged p8rsons in occupation of the Housing accommodation of the Charily and,
subject thereto. applying the income in furthering the religious and other charitable work of the
Foundry Community Church.
Achlevemenls and performance
Since 1985, FCH has maintained a high level of service. delivered with Gare, enthusiasm and
commitment that is warmly appreciated by ils tenants. FCH is served by an outslanding team of staff
including on-site caretakerlwarden, managers and slaff. FCH also benefits from operating and working
closely in conjunclion with Foundry Community Church, with the added benefits of community living
offered through the friendship and support ofthe local church. During the last decade, the management
team have overseen a constant and considerable programme of refurt)ishment within the bungalows.
The main areas of works Carried out in 2024 were. completion of the upgrading of the living room
heaters. We also continued to do day to day repairs and the ongoing refurbishrnent of new kitchen and
shower rooms, FCH also spent a large proportion of its annual repairs and renewals budget on either
repairs or renewal of Ihe sites roofs including 10 new roofs to blocks of bungalows. Occupancy rates
remain high. the waiting list especially across both sels of accomrnodation remains strong, and the
atmosphere on site remains friendly and amenable.
In 2024 we took on an additional Tenant liaison which now means there is staffing provision on site
every day of the week excluding staff absence due to holidays or sickness which greatly enhances the
team provision for all tenants.
Much credit musl go to the managers. slaff and volunteers who have continued to ensure that Fair
Havens Court remains a safe and pleasant place to livel
FCH is currenlly working relationship with the Lighthouse Foundation Trustees on a potential merger of
the charities and continues to financially support the Lighthouse Foundation charily throughout this
transition period.
The Trustees of Foundry Community Housing submit thss review with confidence that the great work of
2024 will be continued into 2025 and beyond.
Financlal review
Through sound financial management the charity has been able to conlinue to provide an excellent
seNice to our residents.
Over the past 12 months, rental income has been increased through a programme of sleady increases.
und8rtaken in line with the current rates of inflation.
Final Accounts

Foundry Community Housing
Trustees, Annual Report (continued)
Year ended 31 December 2024
structure, governance and management (c¢)nllnued)
Plans for future periods
The work lo merge FCH and Lighthouse Foundation charities is still on￿Oi￿g.
Final Accounts

Foundry Community Housing
Trustees. Annual Report (¢onllnuéd)
Year ended 31 December 2024
Plans for future perfods (contlnuodj
BENEFITS TO THE PUBLIC
The charity provides sheltered housing accommodation for persons over 60 years who are members of
Foundry Church or in fellowship with the Church. 01 a Church in fellowship Iherewith, or persons in such
need.
The trustees, annual report was approved on 0111012025 and signed on behalf of the board of trustees
by.,
Mr S Smith
Trustee
Final Accounts

Foundry Community Housing
Independent Examiner's Report to the Trustees of Foundry Community
Housing
Year ended 31 December 2024
I report lo the trustees on my examination of the financial statements of Foundry Communily Housing
<'the charity'l for the year ended 31 December 2024.
Responslblllties and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011 ('the Act.).
I report in respect of my examination of the charity's financial statements carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since the charity's gross income exceeded £250.000 your examiner must be a member of a body listed
in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am
a member of the Institute of Financial Accountants (IFA). which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of th8 charity as required by section 130 of the
Act., or
the financial statements do not accord with those records: or
the financial statements do not comply with the applicable requirements concerning the fomi
and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the accounts give a 'true and fairf view which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other malters in connection wilh the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Mr l Jennions BA (Hons) FFA FIPA FFTA
Independent Examiner
Suite 1, Foundry House
Waterside Lane
Widnes Business Patk
Widnes
Cheshire
WA8 8GT
Final Accounts

Foundry Community Housing
statement of Financial Activities
Year ended 31 December 2024
2024
Unrestricted
funds Total funds Total funds
2023
Note
Income and endowments
Donations and legacies
Investment income
357,150
1,738
357,150
1,738
368,888
361,583
1,639
Total income
358.888
363.222
Expendlture
Expenditure on charitable activities
Total expenditure
401,163
401,163
401.163
379.335
379,335
401.163
Net (expenditure) and net movement in funds
(42,275)
{42,275)
(16.113)
Reconclllation of funds
Total funds brought forward
Total funds carrled forward
1,529.074
1,486,799
1,529,074
1,486,799
1,545,187
1.529,074
The 8tatement of financial activi11￿ includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Final Accounts

Foundry Community Housing
statement of Financial Position
31 December 2024
2024
2023
Not•
Fixed assets
Tangible fixed assets
Investments
12
13
1,387,073
123
1,387,830
123
1,387,196
1.387,753
Current assets
Debtors
Cash at bank and in hand
14
6,155
105,155
111,310
5.975
149,114
155,089
Credltors: amounts falling duo wlthln one year
Net current assets
15
q1.707
13.768
99,603
1,486,799
1,486,799
141,321
1,529,074
1,529,074
Total assets less current Ilabilities
Net assets
Funds of the charity
Unrestricted funds
1,486,799
1.486,799
1.529,074
1,529,074
Total Gharlty funds
16
These financial statements ¥vere approved by the board of trustees and authorised for issue on
0111012025 arKI are signed on behalf of the board by..
Mr S Smith
Tfustee
Final Accounts

Foundry Community Housing
Notes to the Financial Statements
Year ended 31 December 2024
General Informatlon
The charily is a public benefit entity and a registered charity in England and Wales and is
unincorporated. The address of the principal office is Clo The Foundry. Lugsdale Road, Widnes,
Cheshire.
Stat&ment of ¢ompllan¢e
These financial statements have been prepared in compliance with FRS 102. 'The Financial
Reporting Standard applicable in the UK and the Republic of Ir81and', the Statem8nt of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP {FRS 102)) and the Charities Act 2011.
Accountlng pollcles
Basis of preparatlon
The financial statements have be8n prepared on the historical cost basis, as modrfied by the
revaluation of certain financial assets and liabilities and inveslment properties measured at fair
value Ihrou9h income or expenditure,
The financial statements are prepared in sterling. which is the functional currency of the 8ntily.
Golng concern
There are no material uncertainties about the charity's ability to continue.
Dlsclosure exemptlons
The entity satisfies the criteria of being a qualifying entily as defined in FRS 102,
Judgements and key sources of e8tlmation uncertalnty
The preparation of the financial slatem8nts requires management to make judgements. estimates
and assumptions that affect the amounls reported. These estimates and judgements are
continually reviewed and are based on experience and other factors, including expectations of
future events that are believed to be reasonable under the circumstances.
Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees to further any of the
harily's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on the￿ expenditure declared by the donor or through
the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment
funds.
Final Accounts

Foundry Community Housing
Notes to the Financial Statements (¢ontlnued)
Year ended 31 December 2024
Accountlng pollcles (contlnu•d)
Incomlng rasources
All incoming resources are included tn the stalement of financial activities when entitlement has
passed to the charity., it is probable that the economic benefits associated with the transaction will
flow to the Charity and Ihe amount can be reliably measured. The following specific policies are
applied to particular categories of income-
incorne from donations or grants is recognised when there is evidence of entillement to the
gfft. receipt is probable and its amount can be measured reliably.
legacy income is recognised when re￿Ipt is probable and entitlement is established.
income from donated goods is measured at th8 fair value of the goods unless this is
impractical to measure reliably, in which case the valua is derived from the cost to the donor
or the estimated resale value. Donated facilities and 5ervi¢es are recognised in the accounts
when received rf the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This 18 classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
R6s0urces expendod
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the siatement of financial
activilies to which it relates-
expenditure on raising funds includes Ihe costs of all fundraising activities, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitabb8 activities indudes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benef it of its beneficiaries, including Ihose
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity
nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to thal activity. Shared cosls are apportioned
between the activities they contribute to on a reasonable, justifiabl8 and ¢onsi$18nt basis.
Tanglble assets
All fixed assets are initially recorded at cost.
Final Accounts

Foundry Community Housing
Notes to the Financial Statements {continued)
Year ended 31 December 2024
Accountlng policles (¢t)nllnu•dJ
Depreclatlon
Depreciation is Calculated so as to write off the cost or valuation of an asset, less its residual value.
over the useful economic life of that asset as follows..
Fixtures and Fittings
Equipment
Computer equipment
250/0 reducing balance
25'A reducing balanc8
250A reducing balance
Investments
Unlist@d equity investments are initially recorded at cost, and subsequently measured at fair value.
If fair value cannot be reliably measured. assets are measured al cost less impairmenl.
Listed inv8Stment6 are measured at fair value with ¢hanges in fair value being recognised in
income or expenditure.
Impalrment of flxed assets
A review for indicators of iryairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal al each reporting date.
For the purposes of impairmenl testing. when it is not possible to estimate the recoverable amount
of an individual asset, an estimate is made of Ihe recoverable amount of the cash-generating unit
to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets
that includes the asset and generates cash inflowJ that largely independent of the cash inflows
from other assels or groups of assets.
For irnpairment testing of goodwill, the goodwill acquired in a business combination is. from the
acquisition dale. allocated to each of the cash-generating unils that are expected to benefit from
the synergies of the combination. irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Flnanclal Instruments
A financial asset or a financial liability is recognised only when the entrty becomes a party to Ihe
contractual provisions of the instrumenl.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related Iransaction costs, unless the arrangement constitutes a financing transaction, where it
is recognised at the present value of the future payments discounted at a market rate of inleresl
for a similar debt instrument.
Donatlons and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
DonatSons
Rents and Service Charges
Receivable
357.150
357.150
361,583
361,583
Flnal Accounts
io

Foundry Community Housing
Notes to the Financial Statements (¢ontlnuealJ
Year ended 31 December 2024
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank Charges Receivable
1,738
1,738
1,639
1,839
Expendlture on charitable actlvSties by fund typo
Unrestricted Total Funds Unrestrict8d Total Funds
Funds
2024
Funds
2023
Direct charitable activities
Support costs
398.571
2.592
398,571
2,592
401,163
376,503
2,832
376,503
2,832
379,335
401,163
379,335
Expendlture on charitable acllvltles by actlvlty typ•
Activities
undertaken
directly
Support Total funds
costs
2024
Total fund
2023
Direct charitable activities
Governance costs
398,571
2.592
398,571
2,592
401,163
376,503
2,832
379,335
376,503
2,832
401,163
379.335
Nèt Incomo
Net income is stated after chargingl(crediling):
2024
2023
Depreciation of tangible fixed assets
Operating lease rentals
657
742
Independent examlnation fees
2024
2023
Fees payable to the independent examiner for..
Independent examination of the financial statements
1,800
1,800
10. Staff costs
The average head count of employees during the year was 6 {2023.' 5).
No employee received employee benefits of m￿8 than £60.000 during the year (2023.. Nil).
Final Accounts
li

Foundry Community Housing
Notes to the Financial Statements (continued)
Year ended 31 December 2024
11. Trustee remuneration and expenses
Included in the above the amount of £37,235. paid to Sean Smith, a truste8 who is paid in his
role as an employee of the charity. Also included is the amount of £18.818 paid to Diane Daniels,
a truslee of the Foundry ¢huich. who is paid in her role as consultant to the charily.
12. Tanglble fixed assots
Land and Fixtures and
buildings
fittings
User defined
asset
Equipment
Total
Cost
At 1 January 2024
Additions
1,385,403
4.337
38.794
3.274
1,431,808
At 31 December 2024
1,385,403
4.337
38,794
3,274
1,431,808
Depreclatlon
Al 1 January 2024
Charge for the year
At 31 December 2024
4.278
15
38,229
141
1,671
401
44,178
657
4,293
38,370
2,072
44,735
Carrylng amount
At 31 Decomber 2024
1,385,403
1,385,403
424
1,202
1,387,073
1,387,630
At 31 December 2023
59
565
1.603
13. Investments
Llsted
Invèstments
Cost or valuatlon
At 1 January 2024 and 31 December 2024
Impalrment
At 1 January 2024 and 31 Decomber 2024
Carrylng amount
At 31 December 2024
123
123
At 31 December 2023
123
All investments shown above are held at valuation.
Financial assets held at falrvalue
Financial assets are measured at fair value with changes in fair value being recognised in the
financial statements.
Final Accounts
12

Foundry Community Housing
Notes to the Financial Statements (¢onllnued)
Year ended 31 December 2024
14. Debtors
2024
2023
Trade debtors
Prepayments and accrued income
Other debtors
6,15S
5,213
762
6,155
5,975
15. Credltors: amounts falling due wlthin one year
2024
2023
Accruals and deferred income
s￿la1 security and other taxes
Other creditors - Rent refund due
3,312
2,498
5,897
11,707
3,097
4,774
5.897
13,768
16. Analysls of charltable funds
Unrestricted funds
At
31 Decamber
2024
At
1 January '24 Income Expenditure
Unrestricted Fund
1,529.074 358,888
(401,163> 1,486,799
At
31 December
2023
Al
1 January '23
Income Expenditure
Unrestrlcted Fund
1.545,187 363,222
(379,335) 1.529.074
Final Accounts
13

Foundry Community Housing
Notes to the Financial Statements (continuerfl
Year ended 31 December 2024
17. Analysis of not assets between funds
Unrestricted Total Funds
Funds
2024
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Net assets
1,387,073
123
111,310
(11.707)
1,486,799
1,387,073
123
111,310
111,707)
1,486,799
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Net assets
1.387,630
123
155,089
(13.768)
1,529,074
1,387.630
123
155,089
(13,768)
1,529,074
18. Flnancial Instruments
The charity currently holds no financial instruments.
19. Relat&d partle8
The Charity is effectively controlled by The Foundry Community Church (charity no. 1174210)
which also controls The Lighthouse Foundation (charity no. 1100896). The chariiy donated
£50,000 to the Foundry Community Church. The charity paid £8,723 to The Llghlhouse
Foundation for maintenance.
Final Accounts
14

Foundry Community Housing
Management Information
Year ended 31 December 2024
The followlng pages do not fomi part of the financlal statements.
Final Accounts
15

Foundry Community Housing
Detailed Ststement of Financial Activities
Year ended 31 December 2024
2024
2023
Income and endowments
Donations and legacles
Rents and Service Charges Receivable
357.150
361.583
Investment income
Bank Charges Receivable
1.738
1.639
Total Incomo
358,888
363,222
Expendlture
Expendlture on charitablo activitlas
Wages and salaries
Employerfs NIC
Operating leases
Repairs and maintenance
Motor vehicle expenses
other motorltravel costs
Legal and professional fees
other office costs
Depreciation
Other interest payable and similar charges
Property Costs
Sundry Expenses
Donations
staff wellbeing
113,134
9,240
108.309
8,727
2,749
47
3,879
16,799
557
781
199,696
4.007
50,677
597
2,651
6,227
12,424
742
785
184,888
2,748
51,223
611
401,163
379,335
Total oxpenditur6
401,163
379,335
Net {oxpendltura)
(42,275)
{16,113)
Flnal Accounts
16

Foundry Community Housing
Notes to the Detailed Statement of Financial Activities
Year ended 31 December 2024
2024
2023
Expendlture on charltable activities
Direct charitablè activities
Activities undertaken dlrectly
Wages and salaries
Employe¢s NIC
Operating leases
Repairs and maintenance
Motor vehicle expenses
other motorltravel costs
Legal and professional fees
Other Offi￿ costs
Depre¢ialion
other interest payable and similar charges
Property costs
Sundry expenses
Donations
staff wellbeing
113,134
9,240
108.309
8,727
2.749
47
1,287
15,799
557
781
199.696
4,007
50,677
597
2.651
3,595
12,424
742
785
184.888
2,748
51,223
611
398,571
376,703
Governanc• costs
Accountancy fees
2,592
2.632
Exp&ndlturo on charltable actlvlties
401.163
379,335
Final Accounts
17