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AGENDA
01. 02. 03.
Minutes of the
Present Apologies
Last AGM
04. 05. 06.
Annual Report Audited Accounts Election of
& Statistics Directors
07.
Any Other
Business
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PaaS ME ERs peed eee raSPEAE RE ten iro ena [Pe]
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MINUTES OF THE MINUTES OF THE LAST AGM LAST AGM

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Minutes of the Last AGM

Dave Brazier – Committee Chairperson

Kash asked why the discussion on researching the lack of

LL SS ) Annual Report & Statistics Dave wanted it minuted that Amar Matharu, in his opinion, has had a significant contribution to HITS. Vicki thought the report was well presented. The graphs were done by Thomas prior to leaving. The age of the people who resided were consistent with those over the years. Naila highlighted the increase in people with mental health conditions as the main reason for homelessness. Towana had offered to create a document which showed what services were in Leicester. Dave informed all that the council had a website that listed services in Leicester. HITS were on Homeless Link but not in others. MyChoice was another directory used at Shelter. Naila informed Kash that it was mainly anxiety and depression that inflicted our client groups.

MINUTES OF THE LAST AGM

5. Annual Report & Statistics

6. Audited Accounts

Piyush reported that income had increased in the year due to the 7% rent increase last year because of high inflation. However, the project had suffered high void levels as in the past they were around 4% and last year they were over 10%. There were also higher management costs due to salaries and both the Midland Heart and Charity Bank cost went up due to inflation.

However, the accounts still showed a surplus of £28,000 and reserves now stood at £248,000 giving HITS 18 months of liquidity.

Piyush and Dave both agreed that it made financial sense for future income security to purchase 82/84. We could ask for an additional loan or combine the two loans to pay for both properties. In 25 years, HITS will have no rental liability. Piyush pointed out that 88 already increased its assets by £50,000.

The referrals were quite large for a small housing provider to help the number of people needing housing.

Accounts were approved.

7. Election of Directors

Kash suggested we analyse all sections of local connection since we record that information.

Dave stood down as Chair while Kash chaired it.

Kash nominated Dave for Chair – seconded by Vicki and Piyush. Dave replaced Kash as chair.

Dave thanked all staff who contributed towards the Annual Report and Statistics.

Dave nominated the rest of the trustees to be elected on block with the present positions. Seconded by Towana.

Lawrence was invited by Kash to talk about his skills and background. He also explained how he had focused on social media such as Facebook, Instagram, X and LinkedIn. Will investigate TikTok.

Ervin was elected in his absence subject to his approval.

8. A.O.B

None

Continued on the next page

MANAGEMENT COMMITTEE

The management committee consists of 7 trustees that continue to voluntarily dedicate their time and effort into running and improving the project. Their skills, critical thinking, and initiative have greatly contributed to the progression of the project, especially in regards to staffing, publicity, and client engagement.

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STAFFING

The committee has created a strong staff structure to meet the needs of the project and its clients, consisting of the Project Manager, the IT/Publicity Worker, and the Engagement Worker , each taking on their own specific roles and responsibilities while also working together as a team to ensure the project's success.

The Project Manager is the backbone of the team . Naila’s continued efforts and initiatives over the years has kept the project running smoothly and effectively. Her extensive knowledge has allowed the HITS residents to receive the support they needed as well as the newly recruited staff to undergo the correct training to carry out their roles efficiently. Naila often proposes great ideas to the team for the social media, website, engagement, networking, and the overall running of the project which the team has made an effort to put into place.

. The IT/Publicity Worker allows the project to be more visible online, reaching residents, industry professionals, and the general public Major progress has been made on HITS’ website with a full redesign, and the social media has been updated regularly with project updates and an array of educational content. We’ve seen a proactive year of networking, with Lawrence regularly attending Zinthiya Trusts' coffee morning drop in events. New brochures were designed and handed out at these events as well as a pop up banner to elevate our brand in the public’s perception. The brochures were also mailed to several relevant organisations to increase relationships, brand awareness, and referrals, with one current resident learning about us through our brochure.

The Engagement Worker has brought in fresh ideas and a proactive attitude in order to tackle the engagement problems HITS has been facing . Harpreet has already become a familiar face to the residents at HITS. She’s offered residents support in any areas they’ve needed and

she’s made the effort to keep up to date with them. Harpreet has proposed new ideas and activities, and has worked closely with Lawrence to get them promoted to the residents and social media. As well as Lawrence visiting organisations and networking, Harpreet is also making an effort to connect with different organisations and agencies, allowing her to build strong relationships and receive inspiration from their work. This will increase the chance of future referrals, especially as she’s also giving them some of our brochures.

Continued on the next page

THE OFFICE

The office has undergone a big change this year. In an effort to increase the engagement of residents at HITS, renovations have been completed to give the office a more modern and friendly feel so that the residents feel more comfortable during support sessions and activities. Lots of positive feedback has been received on the changes from the residents, contractors, the committee, and the staff.

CHALLENGES A challenge the project has faced is having to discourage residents from getting a job due to the unaffordable rate of rent . If they’re earning an income, they simply won't be able to afford the rent, and they won’t want to pay it either. Residents are also finding it extremely difficult to move on to private housing as many private landlords require up to 6 months’ rent in advance and a secure guarantor. Not to mention the cost of living rise which has caused many young people to be more hesitant to move out from bad environments. The economy and the welfare system have resulted in less referrals and less successful move ons. Engagement is still a big problem at HITS . Majority of young people suffer from some level of anxiety and depression which makes it so much harder for them to carry out their day to day duties, including HITS’ support sessions and activities. Young people are struggling with face to face interactions, mostly due to social media, technology, and the rise of AI. They’d much prefer to stay inside and interact over the phone. Poor mental health and an addiction to technology has caused young people to simply not want to engage with us, at least face to face.

REFERRAL STATISTICS 0 10 20 Mental 23 Learning 7 GENDER + DISABILITIES Physical 3 Sensory 0 In 2024/2025, there were 150 Genetic 0 inquiries for accommodation — of 2024/25 these, 69 were males and 81 were Other 0 =—_ = females. The year before, there were 106 inquiries, and the year before that, there were 136 inquiries Total = 150 — this year has surpassed both. Majority of referrals with disabilities had a mental disability, predominantly depression and/or anxiety. Total amounts to 33 Males individuals with disabilities out of 69 150 referrals. Females 81 Be .

40 34 30 22 21 20 15 12 11 10 10 6 5 5 5 4 0 Ages

Leicester Connection

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REFERRAL STATISTICS Leicester Connection
Unknown
18
No
18
ETHNICITY & NATIONALITY
amp G4
Trends over the years have
show a split between White
British and Non-British, this Yes
114
year follows the trend. There
are a large number of
0 20 40
referrals which are not known.
White British 54
Out of the 150 referral Unknown 36
inquiries, the majority had a Non-British 35
direct Leicester connection.
Black British 12
,
Asian - British 9
2024/25
Dual Heritage - British 4
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Outcome of Referrals

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0 20
No Show 39
Inappropriate Referral 35
Withdrew Before Informal 30
Enquiry Only 15
Support Needs Too High 15
Accepted 12
No Vacancies 11
Withdrew From Formal Interview 2
Support Needs Too Low 2
Refused Offer 1
Internal Transfer 0
2024/25
Didn't Proceed With Reconsider 0
0 20 40
Advice Centres 44
Supported Housing 19
LCC 16
Colleges 15
Self-Referral 9
Unknown 8
Other 7
Friend 6
County Council 5
Other City Social Services 4
Ex-Tenant 4
Leicester Social Services 3
County Social Services 3
Family 3
Current Tenant 2
Other City Council 1
Justice System - 1
Employment Agencies 0 2024/25
Connexions 0
LGBC 0
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OCCUPANCY STATISTICS Total = 26 GENDER + DISABILITIES Males 11 0 10 Mental 17 Females 15 Physical 0 Learning 0 — - Sensory 0 Genetic 0 Total = 26 Occupants 2024/25 Other 0

OCCUPANCY STATISTICS

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AGE
15
-— 15 oe y
10
6
Total = 26 Occupants
5
2
1 1 1
0
16 17 18 19 20 21 22 23 24 25
Ages
Occupants
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OCCUPANCY STATISTICS ETHNICITY & NATIONALITY 7: 0 5 10

White British Non-British Asian - British 5 a Black British 2 Dual Heritage - British 1

2024/25

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Leicester Connection
No
5
12
Yes
26
Total = 26 Occupants
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OCCUPANCY STATISTICS

Total = 26 Occupants ADMISSION OUTCOMES — 0 5 10 Still Accommodated Moved to Private 4 Unknown 4 Moved to Family 2 1 Housing Association Flat — 1 University LCC Housing 0

2024/25

Other 0

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HITS Homes Trust

THANK YOU!

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Annual General Meeting - 2026

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Registered Charity No'.1049935 Registered Company No: 2912187 (England and Wales) HITS HOMES TRUST LIMITED (A Company limited by guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

HITS HOMES TRUST LIMITED llEx TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IWICH 2025 Page Clwity Reference and Administrative Details Report of the Management Committee Independent Examiners Rew)rt ststement of Financial Activities Balance Sheet Notes to the Accounts 10-16 Income & Expendire Account - 31 March 2025 EVINGTON REVENUE 17 Income & Expenditure Account - 31 MaTch 2025 EVTrIGTON 18 Incorne & Expendithre Account - 31 March 2025 CHARrrY CAPITAL 19 Income & Expenditure Account - 31 March 2025 CAPITAL FUND 20 Summary of Funds 21

HITS HOMES TRUST LIMITED CHARrrY REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST MARCH 2025 Charlty Name: Hits Homes Tnlst Limited (a company limited by guarantee without share PItal) Charity Registration Iyumber: 1049935 Company Registration Iyumber: 2912187 (England & Wa]es) Registered Office And Operational Address: 86 Evington Road Highfields Leicester LE2 IHH Management Commlttee: Dave Brazier (Chair) Kail&sh Bhayani Victoria Stephenson Piyush Kotecha Ervin Picari Towana Graham Kenrick White Secretsry Kailesh Bhayani Management Team Mrs. N Siddiqui Walker (Project Manager) IndependeDt Examiners Celerica Limited Chartered Certified Accountants First Floor The Old Chapel 9 Kempson Road Leicester LE2 8AN Bankers National Weslminster PO Box 333 Silbury House 300 Silbury Boulevard Milton Keynes MK9 2ZF Pag8 1

HITS HOMES TRUST LIMtTED REPORT OF THE MANAGEMENT COTrllkllTTEE FOR THE YEAR ENDED 31ST MARCH 2025 The trnstees present their report and fmancial statements of the charity for the year entsl 31 March 2025. The trustees have adopted the provisions of the Ststement of RecomnJ¢nded Practice (SORP) 'Accounting and Reporting by Charities. (FRS102) in preparing the annual financial statements of the Charity. The financial statements have been prq)ared in awrdanLY with the accounting policies set out in the notes to the accoijnts and wmply with the charty governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to d]artties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland Published in October 2019 (second edition). Trustees of the Charit The directors of the charitable company are also its trustees for the purpose of charitable law. The trustees who have served during the year and since the year end are as follows: Dave Brazier (Chair} Kailesh Bhayani Victoria Stephertson Piyush Kotecha Ervin Picari Towana Graham Kenrick Flhite Ob"¢ctives and Activities The principal activity of the charity continues to be: The pmvision of housing and associated amenities for young persons in Leifftstershire in neSitOuS circumstances on tenns appropriate to their Mns. To manage schemes of housing deS1]ed for young persons in Leicestershir¢ in necessit0$ circumstances. To provide young persons in Leicestershire in ne4a of housing and ass(Kiated facilities, advicq assistance and support designed to meet their disabilities and requirements to live independently. b) The trustees have wnsidered the general guidance on public benefit issued by the Charities Commission and has taken due regard of that guidance. The trustees consider they are satisfied that the cIwitS activities do provide a wide public benefit. Page 2

Hrrs HOMES TRUST LIMtTED REPORT OF THE MANAGEMENT Co1[rTEE FOR THE YEAR ENDED 31ST MARCH 2025 (CONTINUED) Achievements and PerfornwAce Statistics In 2024125, Hits Homes Trnst Limited Continu to provide temporary self contain accommtIOn to vuhlerable singl< homeless pe4)ple ag betwe 16 to 25 years ol(L In 2024125. the project re1ved 150 enquiries for accon]modation. Of thes4 69 Wk7e men and 81 were women. The thicity and nationality of the referrals were:. White British 54, Black British 12, Asian British 9. Dual Heritige 4 Other 35, Not Known 36. The project accommodated 26 pwlv, I I male and 15 fcmale. The etlmicty and nationality of the indiwduals were:. White British 12: Black British 2. Dual Heritage l. Asian l British 5, Other 6. The age: 16 years old- 1. 17 years old - 6. 18 years old- 15, 19 years old- 2" 20 years old- 0. 21 years old - 0. 22 years old- 1; 23 years old - 1. 24 years old - 0. 25 years old - O. The housing staths of those accommodated at the prOjt were: Still A¢¢ommodated 14 LCC Housing Housing Asscciation fiat Moved to friends I family Moved to private Other supported housing Not Known 26 Financial Review including reserves olic With limitcd resources and difficulties obtaining additional fundin& it has Continu to be difficult to plan or develop additional services. Thc charity with sound financial management and the support of the staff team and Managetllent Con]mith mcmbers have incurred a surplus of £16,687 (2024: £28.769). The c]wity's unrestricted reserves at the end of the financial year stood at £264,934. Of this £209.502 has been allocated to various desigt funds leaving £55,432 as free ra$veS. The free Unrestrict reserves of £55,432 has fall¢n from the previous year and the trustees are continually seeking for other funding to facilitate reserves to cover approximatsly 6 - 8 months total &yenditur¢. The policy is a rolling policy reviewed annually in view of the risks linked with the properties and th¢ potential le8isl&tive changes that can be implemento1 at any given time. Page 3

Hfts HOMES TRUST LIMITED REPORT OF THE MANAGEMENT COMMITTEE FOR THE YEAR ENDED 31ST MARCH 2025 (CONTINUED) Plans for Future Periods The ¢harity plans to continue the activities outlined above in th¢ forthcoming years subject to tbe continuance of satisfactory funding arrang¢ments. Plans are also being developed to work with a number of training providets to provide in hous¢ training for service users to enable them to have a skills base for employment which will lead to long t¢rni gainful employment. Structure ov¢rnance and mana ement The organisation is a charitsble company limited by guarantee, without sh8re Capital. The companys governing document is the Memorandum and Articles of Association which established the objects and powers of the charitable company. Jn the event of th¢ company being wound up members are required to contribute an amount not excttding £1. The charity has a current Management Committee of 7 members who meet every 6 weeks and are responsible for the strategic dItIOn and policy of th¢ charity. At present the committee members are from a variety of professional backwunds relevant to the work of th¢ charity. A scheme of delegation is in place and day to day responsibility for the provision of seiCe$ rests with the Project Manager. The Project Manager is also responsible for ensuring that the ¢harity delivers the SeICeS specified and that key perfornian¢e indicators are met and also the day to day operational management. The directors of the company are also charity trustees for the purposes of charity law and under the Company's Articles known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected annually to serve for a period of one year after which they must be re-el¢cted at the next Annual General Meeting. One third of the members or a minimum of three are required to stand for re-election at each Annual General Meeting on a rotating basis. Due to the nature of the objectives of the project much of the charity's work focuses upon young people. The Management Committee seeks to ensur¢ that the n¢eds of this group are appropriatety reflected through the diversity of the trustee board. To enhance the potential pool of trust¢¢s, the charity seeks to identify young people who have been homeless and would be willing to berne members and use their own experiences to assist the charity. Page 4

TS HOMES TRUST LIMITED REPORT OF THE MANAGEMENT co1[EE FOR THE YEAR EIIDED 31ST MARCH 2025 (CONTINUED) overnance and mana ement continued The more traditional business skills are well represented on the Management Committee In an effort to maintain a broad mix of skills, members of the Management Conunittee are requested to provide a list of their skills (and update it each year) and in the event of particular skills being lost due to ireMents, indivAduals are approached to offer themselves for election to the Management Conunittee. Most trustees are familiar with the practicaI work of the charity as the Chlty has worked in partnership with them in a variety of fields to enhanc£ the support provision provided to the young people. New trustees are invited and encouragoj to attend an induction course to familiarise themselves with the charity and the context within which it operates. This is led by the Project Manager and overseen by the Chair of the Management Committee and covers: l. A tour of the project'5 premises. 2. The obligations of Management Committee membffs. 3. The policies and procedures and other documarts including the Memorandum and Articles of Association. 4. Resourcing and the current financial position as set out in the latest published accounts. 5. Futwe plans and objectives. Further infonnation is provided in a pack prepared from various Charity Comrnission documents and the Charity Commission's website guide 'An Essential Trust,. Risk Management The Management Committee has conducted a review of the major risks which the charity is exposed to. A risk register is being established and will be updated annually. Where appropriate, systems and procedures have been established, to mitigate the risks that the charity faces. External risks to fvnding have been minimised with a strategic plan to allow diversification of fimding. Internal Lxintrol risks are minimÉsed by the implementation of a flljancial policy and procedure for authorisation of all transactions within the project. ]¥LKedures are in place to ensure compliance with health and safety of staff, volunteers, members of the Management Committee, service ers, contractors and visitors to the project. Pag8 5

HITS HOIMES TRUST LIMrrED REPORT OF THE MAIIAGEIWIENT COMMITTEE FOR THE YEAR ENDED 31ST MARCH 2025 (CONTINUED) Statement of Management Committees, Responsibilities The Trustees, who are also directors of the charity are responsible for preparing the Trustees, Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources of the charitable company for the year. In preparing those financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently" observe the methods and principles in the Charities SORP 2019 (FRS 102)" make judgements and estimates that ar¢ reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities 2019 (FRS 102) and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by the Management Committee on . and S1cd on its behalf by: . Mr D Brazier Trustee Page 6

HITS HOMES TRUST LIMITED (LIMrrED BY GUARANTEE) INDEPEIYDENT EXAMINERS, REPORT TO THE TRUSTEES OF HITS HOMES TRUST FOR THE YEAR ENDED 31 MARCH 2025 We report on the accounts of Hits Homes Trust Limited foT the year ended 3 1st March 2025 which are set out on pages 8 to 16. Responsibilities and basis of report As the charity trustees of the company (and also its directors for the pu4x)ses of company law) you are responsible for the prepardtion of the accounts in accoTdance with requirements of the Companies Act 2006 ('the 2006 Act). Having satisfied ourselves that the accounts of the company are not Tequired to be audited under Part 16 of the 2006 Act and are eligible for independent examination, w¢ report in respect of our examination we have followed the Directions given by th¢ Charity Commission under section 145(5)(b) of the 2011 Act. Independent EMIner15 Ststement W¢ have completed our examination. We can confm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect: accounting records were not kept in respect of the company as required by section 386 of the ACL or the aOuntS do not a¢¢ord with those records. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a "tNe and fair view" which is not a matter ¢onsidered as part of an independent examination; or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities preparing their accounts in accordancc with the Financial Reporting StandaTd applicable to UK and Republic of Irclaud (FRS 102) We have no concerns and have come across no other matters in connection witb the examination to which attention should be dTawn in this report in order to enable a proper understanding of the accounts to be reached. CELER]CA LTD CHARTERED CERT]FIED ACCOUNTANTS FlllST FLCK)R THE OLD CHAPEL 9 KEMPSON ROAD LEICESTER LE2 8AN Dated . 181181iS Page 7

HITS HOMES TRUST LIMITED STATEMEIYT OF FINANCL4L ACTIVLTIES FOR THE YEAR ENDED 31 MARCH 2025 (Including Illcome and Expenditure) 2025 2025 Unrestricted Restricted Funds Funds 2025 2024 Total FuDd5 Total Funds Note Income and endowments from: Donations and legaci¢s Charitabl¢ activities 208,668 1,250 208,668 1,250 202,272 1,300 Invesknents TotAI Income and endowments 209,918 209,918 203,572 Expenditure on: Charitable activities 187,411 187.411 169.413 Otber 5,820 5,820 5,390 Total Expenditsre 193231 193231 174,803 Net income 16,687 16,687 28,769 Transfer between funds Net movement in funds 16,687 16,687 28,769 Reconciliation of nds. Total funds brought forward 248,247 248,247 219.478 Total funds carried fOard 264,934 264,934 248247 All figures relate to continuing operations. There were no recognised gains or losses for the current or previous period other than as stated above. The movement in funds is due to the net incoming resources for the year. Page 8

HITS HOMES TRusf LIMITED BALANCE SHEET AS AT 31 MARCH 2025 Company Number 02912187 (England} 2025 2024 Fiote FIXED ASSETS io 309,216 309,216 CURREYE T ASSETS Debtors & prepayments Cash at bank and in hand 68,282 141.884 210,166 66,054 131,844 197,898 CREDITORS: Amounts falling due within one year 12 8,952 14,302 NET CURRENT ASSETS 201,214 183,596 CREDITORS: Amounts falling du¢ after more than one year 13 245.496 244,565 'ET ASSETS 248.247 FUNDS Unrestricted Designated Restri¢ted 16 55,432 209,502 60,604 187,643 16 16 264 934 248 47 The charitable company is entitled to exemplion from audit under Section 477 of the Companies Act for the year ended 31 Marcb 2025. The members have not required the charitable company to obtain an audit of ihe financial staternents for the year ended 31 March 2025 in a¢¢ordan¢e with Section 476 of the Companies Act 2016. The trustees acknowledge their responsibilities for: a) ensuring that the Charitable company keeps a¢¢ounting records that comply witb Sections 386 and 387 of th¢ Companies A¢t 2006 and b) preparing financial statements which give a true and fair view of the stat¢ of the ¢haritsble company as at the end of the financial year and of its surplus or deficit for ea¢h financial year An accordance with the requirements of Section5 394 and 395 and whi¢h otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, 50 far as applicable to charitable company. These financial ststements have been approved in a¢¢ordance with the special provisions of Part 15 of the Companies Act 2006 relating to small ¢haritsble companies. Approved by the management Committee on . d signed on its behalf by: Mr D BrdzieT Trus Page 9

Hrrs HOMES TRUST LIMITED NOTES TO THE AccouNrs FOR THE YEAR ENDED 31 MARCH 2025 l Aceountlng Policies l. Summary of significant accounting policies Generat iDforniatioD and basis of preparation Hits Homes TTUSt Limited is a registered charity in England and Wales and also a MpanY limited by guardntee. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 O per member of the ChaTity. The address of the charitys head office is given on page l of these financial statements. The nature of the charitys operations and principal activities detailed on page 2 of these financial statements. Thc charity constitutes a public benefit entity as defmed by FRS 102. The fmancial statements hav¢ been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to chaTities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republi¢ of Ireland (FRS 102), the Charities Act 201 I, the Companies Acl 2006 and UK Generally Accepted Ac¢ounting practice. The financial statements are prep&Ted on a going concern basis under the historical cost convention, modified to include ¢ertain items at fair value where considered necessary. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound. b Funds Unrestricted funds are available for use at the discretion of the trustees in furtherancc of the general objcctives of the charity and which have not been designated for other pOscs. Designated funds comprise unrestricted funds that have been set &8ide by the trustees for particular purposes. The aim and use of each desIted fijnd is set out in the notss to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. Th¢ cost of raising and administering such funds are charged against the specific fund. The aim and us¢ of ¢ach restricted fund is set out in the notes to the financial statements. c Income recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when th¢ charftty is legally entitled to the income after any perforniance of conditions have been met, the amount can be measured reliably and it is probable that the income will b¢ received. Page 10

HITS HOMES TRUST LIMtTED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (COF4TINUED) l Accountlng Policies (Continued) l. Sllmnry of sigDifieant accounting policies {Continued) Income recognition (Continued) For donati0Tr8 to be recognised the chartty will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of pffforn]ance before ffltitlement can be obtsined then income is defenrd until those conditions are fillly met or the fi]Ifibnent of those conditions is within the control of the charity and it is probable that they will be fvlfllld. Donated facilities and donatol professi(Ina] services are recognised in income at their fair Val when their economic ba]efit is probable. it can be measured reliably and the charity has control over the item. Fair value is detern)in&l on the basis of the value of the gift to the charity. A corresp(mding amount is reco1 in expenditur No amount of time is included in the financial s1atements for volunteer time in line with SORP FRS {102). Further detail is giv in the Trustees Annual Report. Where practicable, gifts in kind donated for distributAon to the beneficiaries of the Chlty are included in stock and donations in the financial statements upon receipt. If it is impracticable to 18sess the fair value at receipt or if the costs to undertake such a valuation outweigh any bl¢fits then the fair value is recognised as a cornponent of donations when it is distributed and an equivalent amount recognised as charitable expenditure. Fixcd assets gifts in kind are recognised when re£eivable are included at fair value. They are not defeRTed over the life of the &ssct. For Icgacies, entitleujent is the earlier of the charity being notified of an impending distribution or the legacy ]ng received. At this point income is recognIs On Occasio legaci&8 will be notified io the charity however it is not possible to measure the amount expe£ted to be distributed on these occasions, the legacy is treated as a contingent asset and disclosed. Income from trading activities includes inwme earned from fimdraising events and trading activities to raise fijnds for the charity. Income is received in exchange for supplying goods and servi(xs in order to raise funds and is recognised when entitl&nent has ocwrred. Investment income is earned through holding assets for investment purposes such as interest. Interest income is recognised wing the effective interest method. Any dividend and rent income is recognised &s the charitys right to receive paym¢nt is established. Pa98 11

Hfrs HOMES TRUST LIMrrED NOTES TO THE ACCOus FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) l Accounting Policies (Continued) l. Summary of slgnfificant accounting policies (Continued) d Expenditure recognitfton All expenditure is accounted for on an accruals basis and has been classified undeT headings that aggregats all costs related to the category. Expenditure is recogDis¢d where .41 there is a legal or Constructive obligation to make payments to third parties it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: Cost of raising llds Expenditure on charitsble activities Other expenditure represents those items not falling into the above categories. I0Verable VAT is charged as aD expense against the activity for which the expenditure Support costs allocation Support costs are those that assist the work of the charity but do not directly represent charitable activities and include oifice costs, governance costs and athninistrative costs. They are incurred directly in support of expenditure on the objects of the charity. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating infornwtion in support of tb¢ charitable activities. The analysis of these costs is in included in note 7. Tanglble red assets No depreciation is provided on tangible fixed assets. Assets are written off at the time of purchase. This is contrary to the requirements of FRS 102. The trustses consider that these assets will have a small residual value at the end of each fmancial year. g Debtors and creditors reeefvable I payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairnlent are reCOlSed in expenditure. h Provlsions Provisions are recognised when the charity has an obligation at the balance sheet date as a TesuIt of a past evenL It is probable that an oufflow of economic benefits will be required in settlement and the amount can be reliably estinthted. I Ikases Rentals payable or receivable under operating leases are ¢harged to the SOFA on a straight line basis ov¢r the period of the lease. Page 12

H113 HOMES TRUST LIML tTED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) Accounting Policies {Continued) Sumllry of significant Ydccounting policies (Continued) j TaLqtion No provision has been made for taxation as th¢ charitys charitable status renders it exempt from UK direKt taxation. k Going ¢oncern The financial ststements have been prepared on a going o)ncem basis as the trst¢eS bejieve that no Materi uncertainties exist. The trustees have considered the level of fin)ds held and the exed level of income and expenditure for 12 months from authorising these fiwancial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to contimE L8 a going 2. Net Income for the year 2025 2024 This is stated aftcr d]arging: Depreciation Independent Examiners Fees 1,650 1,650 Donations and legacies 2025 2024 Gffleral Charitsble activities 2025 2024 Rental, service charge 208,668 202,272 Investments 2025 2024 Bank interest received 1250 1,300 TotsI Expenditure Stsff n Overheads 2025 2024 Charitable activities Evington Road Support Costs 108,593 108.593 17,172 78,818 125,765 187,411 5,820 5,820 131,585 193,231 103,498 65,915 169.413 5,390 174,803 61,646 61,646 Governance costs 61,646 Page 13

Hfrs HOMES TRUST LIMED NOTES TO THE ACCO[s FOR THE YEAR ENDED 31 MARCH 2025 (CONTllYUED) 7 Support Costs 2025 2024 Salaries Depreciation Communicalions Office costs Management salaries 41J90 26,356 1,725 15,447 20256 78,818 1.587 16.664 21208 65.915 8 Governance Costs 2025 2024 Independent examiners fee B(K)kkeeping costs Proftssional fees 1,650 4,170 1.650 3,740 5,820 5,390 9 Wages and Salaries 2025 2024 Total anoluments 61.646 47,664 Average number of employees All stsff are employed by the charty. No employees earned more th8n £60,000 p.a. 10 TaDgible Fixed Assets Fred)old Fumiture & Total Cost: As l April 2024 Additions As at 31 March 2025 309,216 52,067 361,283 52.067 361,283 Depreclatlon: As l April 2024 Charge for the year As at 31 Marcb 2025 52.067 52,067 51067 52,067 Net Book Value: As at 31 March 2025 309,216 309,216 As at 31 Mah 2024 309,216 309216 Page 14

HITS HOMES TRUST LIMITED NOTES TO THE ACCOUWfS FOR THE YEAR EM)ED 31 MARCH 2025 (CONTINUED) 11 Debtors 2025 24 Rfflts Teceivable Sundry debtors & PTepaymthts 11,012 57,270 68,282 12,179 53,875 66,054 12 Credltors: Amounts fallfing due wlthfin one year 2025 2024 Accruals Charity Bank Loan 2,952 6,000 8.952 3,145 11,157 14,302 13 Creditors: Amounts falllng after more than one year 202 2024 Charity Bank Loan 245,496 244,565 14 Loans An analysts of the matsrlty of loans ks glven below: 2025 2024 Am4)unls falling due within one year: Charity Bank Loan 6.000 5,000 Amounts falling due between one and two years: Charity Bank Loan 7,000 6,000 Amounts falling due I two and five years: Charity Bank Loan 27,000 24,000 Amounts falling in more than five years.. Charity Bank Loan 211,496 220.722 Total 251,496 255,722 15 Secured Debts The loans and mortgages are secured by the two properties oThned by the charity. Page 15

HtTS HOMES TRUST LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR EMIED 31 MARCH 2025 (CONTINUED) 16 Unreslrleted Fumds Movement kn Reserv InMin oin CloslD Balan¢e Balanee Transfers Unre$trieled: General Capital Fund 60,604 130.417 1.250 (136.839) 1250 (1250) 55.432 60.604 131.667 (136.839) 55,432 Unrestricted Designated: Capitsl Fund Maintenance Futtd Property Fwid 50,000 84,149 53.494 248247 50,000 106.008 53,494 264.934 78.251 (56,392) 209,918 (193231) Witb the acquisition of 86-88 Evington Road, the fimds have been reclassified as follows: * The Capital is a fimd yielding interest on an advancement at £1.300 per annum. The Maintenance Fund reflects the portion of the income from Housing Beuefit and tbe designated expenditure relating to the maintenance of the properties. This amount is reviewed periodically for reasonknleness. * The Propety Fund is the equity on the acquisition 86-88 Evington Road. 17 Trustees No emoluments or expenses were paid to any Trustee dw7ng the year. 18 Share Capltal The company is limited by guarantee and therefore has no share capital. The members have agr¢ed to contribute to the assets in the event of winding up to an aniount not exceeding £1. Page 16

HITS HOMES TRusf LIMITED JNCOME AIYD EXPENDITURE ACCOUIYT FOR THE YEAR ENDED 31 MARCH 2025 EVINGTON REVENUE 2025 2024 Grallt.. Supporting People Administration Charge Salaries Travel Training Building EXpSeS Light & Heat Water Rates Equipment 61.646 47,664 35 576 1.123 1,411 229 636 4,592 1,725 1,995 260 1,634 295 1.253 3,864 1,587 1,715 Telephone Stationery, Postage & Publications Cleaning Materials 2,210 4.372 Hospitality & Activities Bookkeeping Fees Reporting A(tountant's Clge5 Advertising Bank Charg&8 Professional fees 4,170 1.650 3,740 1,650 409 408 82a74 68,477 Net {defieit) for the Year (see page 21) 374 68,477 This page d5 not forn) part of the statut(ry fmancial statements Page 17

HOMES TRUST LIMITED INCOME AND EXPEIYDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 EVINGTON RENTS AND SERVICE CHARGE restriottd Core M¥4intenaJJce 2025 Total 2024 Tolal Fund Housing Benefit re 82184 Evington Road Housing Benefit re 88 Evington Road Leicester City Council Support charges 67,990 62.428 40,794 37,457 108,784 99,884 107,320 94,952 130,418 78351 20&668 202,272 ExpenditLWe: Re 82184 Evington Road Building Maintenance Cjeaning & Gardening Light & Heat Rent- Imidland Heart) Miscellaneous Furniture & Equipment 22.536 2,457 43 22,536 2,457 43 31.913 20,266 2,146 45 30,733 31,913 3,072 56,262 31,913 25,680 57,593 Re 88 Evington Road Buildimg Maintenance Cleaning & Gardening Ligbt & Heat Loan interest Misc¢llaneous Furniture & Equipment 23,009 2.984 95 23,009 2,984 95 20,288 1,055 3,569 51,000 20,152 2,832 20,288 20,538 1,055 3,569 30,712 3.610 47236 20,288 52,201 56J92 108,593 103,498 Net IDcome for the Year (se¢ page 21) 78 17 21,859 100 07S 9&774 This page does not forni part of the statutory fmancial ststements Page 18

HITS HOMES TRUST LIMITED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR EM)ED 31 MARCH 2025 25 2024 Income.. Contributions from Capital Fund 1.250 1250 1,300 iaoo Expenditure: Tenants Activities Moving Packs for Flats Tenant Fuel allowaDces 2,264 1.670 1.158 2264 2,828 Net (D¢ficit) for the Year (see page 21) 1,014 lJ28 This page does not forni part of the statutory financial statements Pag8 19

HITS HOMES TRUST LIMITED INCOME AND EXPENDITURE ACCOI]NT FOR THE YEAR EIYDED 31 MARCH 2025 2025 2024 Income: Gross Interest Received 1,250 1,300 Expenditure: Contribution to c]]ty Capital: Residents Development 1250 1,300 Net Income for the Year (see page 20) This page does not forni part of the statutory fla] statements Page 20

HITS HOMES TRUST LIMITED SIJMMARY OF FUNDS FOR THE YEAR EIYDED 31 MARCH 2025 2025 2024 EVINGTON REVENUE (82,374) (68,477) EVNGTON RENTS AND SERVICE CHARGE SURPLUS 100,075 98,774 CHARITY CAPITAL (1.014) (1.528) SURPLUS FOR THE YEAR 16,687 28.769 Less Depreciation for the year 16,687 28,769 FUNDS BROUGHT FORWARD 248,247 219,478 FUNDS CARRIED FORWARD 264,934 248247 ALLOCATED BETWEEN: UNRESTRtCTED FUNDS DESIGNATED MAIFifENANCE FLfND DESIGNATED PROPERTY FUND DESIGNATED CAPITAL FUND 55.432 106,008 53,494 50.000 60.604 84,149 53,494 50,000 264,934 24&247 This page does not forni part of the stattrtory fjnancial aterneThts Pag8 21

Registered Charity No'.1049935 Registered Company No: 2912187 (England and Wales) HITS HOMES TRUST LIMITED (A Company limited by guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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MINUTES OF THE MINUTES OF THE LAST AGM LAST AGM

MINUTES OF THE LAST AGM

5. Annual Report & Statistics

6. Audited Accounts

7. Election of Directors

8. A.O.B

None

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STAFFING

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Outcome of Referrals

OCCUPANCY STATISTICS

OCCUPANCY STATISTICS ETHNICITY & NATIONALITY 7: 0 5 10

OCCUPANCY STATISTICS

2024/25

HITS Homes Trust

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