REGISTERED COMPANY NUMBER: 02328684 (England and Wales)
REGISTERED CHARITY NUMBER: 1076383
REGISTERED WITH THE REGULATOR OF SOCIAL HOUSING NUMBER 4707
REPORT OF THE TRUSTEES AND
AUDITED FINANCIAL STATEPIIENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
HAWES STREET HOUSING LTD.

HAWES STREET HOUSING LTD.
CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024
Page
Report of the trustees
Report of the independent auditors
7 to 10
Statement of financlal actlvltles
Statement of financlal position
12
Statement of cash flows
13
Notes to the statement of cash flows
14
Notes to the financial statements
15 to 21

HAWES STREET HOUSING LTD.
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report
with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the
provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in aCcOrd8n￿ with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives, structur8 and activities
The Charity's Objects are to cary on for the benefit of the community of Staffordshire the business of:
a. providing housing and any ass¢xiated amenities, services or assistance for people in necessitous circumstances
on terms appropriate to their means..
b. providing specially designed or adapted housing and associated 8menities, services or assistance for people
who need it or them because of chronic sickness, age or mental or physical disabilities:
c. providing housing and any other associated amenities, services or assistan￿ for any others for whorn it is
charitable to do so:
d. to promote any other charitable purpose for the benefit of the community in Staffordshire.
Slgnificant actlvities and Public Beneflt
We constantly monitor our activities and progress and review our strategic objectives on an annual basis. We
continue to make progress in the achievement of our objectives. which are further detailed in the Review of
Activities.
The Trustees have carefully considered the requirement for public benefit reporting in accordance with guidance
issued by the Charty Commission. As a result, the Trustees have satisfied themselves that the public benefrt of
tt)e activtties undertaken by Saltbox, hav8 continued and are likely to do so in the future. The activities of Hawes
Street Housing (HSH) which have contributed to the public benefit are summarised as follows:
. The purchase and renovation of vacant houses within the area surrounding Hawes Street in the Tunstsll area of
Stokewon-Trent for letting at affordable rents to local people who are homeless or in housing need.
Page 1

HAWES STREEf HOUSING LTD.
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Review of Actlvltles 2023124
On 1st April 2023, after a period of extensive due diligence, the Board agreed to the acquisition of HSH by a local
charity, Saltbox. In agreement with the HSH Board. Saltbox has provided extensive operational and management
support during the year to enable the Board to meet its obligations.
HSH commenced the year with 28 letting units (mainly refurbished terrats houses, plus three flats) and acquired
a further propety in the year which is currently undergoing renovation, to take the housing stock to 29 units. Of
these properties, 23 are wholly owned by HSH with 6 properties on a leasehold agreement with Stoke-on-Trent
City Council (currently under renewal). All 28 properties were fully let during the year with 1 tenant moving to
Council property after the year end.
New tenants undergo a thorough application and vetting process and HSH is able to offer wider support to tenants,
particularly through the projects that Saltbox runs including support for okler people and moneyldebt advice
seNices.
A Stock Condition Survey was commissioned during the year which has evidenced that our houses comply with
the Decent Homes Stsndard. We have also developed a 5 year maintenance programme for the renovation and
refurbishment of houses which will enable us to undertake significant improvements (e.g. replacement bathrooms
and kitchens) in a planned and controlled manner.
A considerable amount of work has taken pla￿ during the year to ensure that HSH is compliant with the Economic
Standards set out by the Regulator of Social Housing, as well as preparation for the new Consumer Standards
that registered providers must comply with from 1 st April 2024. There is further work to be undertaken by staff and
Trustees to ensure full Complian￿ with the Governance & Financial Viability Standard which will be completed in
the next 12 months.
Value for Money
In the current economic environment, it is important to ensure that HSH maximises the value for money from any
expenditure undertaken. The Board considers value for money as part of its strategic approach when allocating
resources, but not at the expenses of providing a quality seNice. New financial procedures have been introduced
following the acquisition by Saltbox, ensuring that major items of 8xpenditure are scrutinized and approved prior
to being incurred, with quotations obtalned as required, to ensure that the best prices are seGured.
FINANCIAL REVIEW
Financial posftlon
Overall Perforn)ance
The financial activity of the Charity is detailed in the Financial Statements attached. The comparative results for
2023 are for a 15 month period to 3110312023.
We are pleased to report that our results for the year ended 31st March 2024 show a surplus of £26,207 (2023:
surplus of £45,593). The surplus has been achieved through continued monitoring of rental income along with
careful management of expenditure on repairs and renovations to properties.
The Board is confident that during 2024125 HSH will continue to make good financial progress, despite the ongoing
h8llenges around the economic environment and that it has sufficient reserves to enable the organisation to
continue to deliver its activities.
Page 2

HAWES STREET HOUSING LTD.
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2024
FINANCIAL REVIEW
Princlpal funding sources
Income:
HSH TS financed through the rents received from its tenants and from housing benefit for those tenants in receipt
of this. Total Incoming resources during the yearwas £93,273 compared with £109,748 in the previous 15 months.
Expenditure:
Total resources expended for the year was £67,492 compared with £64,155 in the previous financial period.
Balance Sheet:
Totsl funds at 31 st March 2024 were £2,373,008 (2023: £1,156,144) of which Restricted funds were:
£nil (2022: £250,0001}. Un-restricted funds were: £2,373,008 (2023: £906,144).
Cash at Bank and in hand was £235,002 (2023: £301,976> which is considered adequate to meet the future cash
needs of HSH.
An independent review of the valuation of the housing stock was undertaken at 31st March 2024 with the 28
properties (29 units) being revalued to £2,145,000. As such, a revaluation reserve has been created to ensure
that the properties are valued at fair value.
Reserves policy
Future Proofing the Charity's Service Provislon
The Trustees have determined that the charity's res8rves are kept at a satisfactory level to provide contlnuation
funding for future repairs and maintenance or for the acquisition of further properties as and when any suitable
houses become available in the area.
Contingency Policy
To ensure that the charty remains sustainable in the event of any signifi'cant loss due to unforeseen
circumstances, it is the Trustees, policy to hold reserves of approximately 3 months, expenditure. This equates to
approximately £16,873 of which we currently hold £234,908 (2022 £301,672).
Investment Policy
In accordan￿ with the Articles of Association, the Trustees, have the power to invest money in their absolute
discretion as they think fit.
Prlncipal risks and uncertainties
Principal risks that have been identrfied during the course of the year have included:
The ongoing impact of cost inflation on the future financial position of the charity.
The renewal of the leases for 6 properties currently leased from Stoke-on-Trent City Council
Page 3

HAWES STREET HOUSING LTD.
REPORT OF THE TRUSTEES
for thg Year Ended 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Govemlng document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by
guarantee, as defined by the Companies Act 2006.
HSH is a charitable company limited by guarantee, registered in England and Wales, company number 02328684,
registered charity 1076383, controlled by its governing document (its Articles of Associatbon). It is also a Registered
Provider number 4707 and regulated by the Regulator of Social Housing.
Company Structu
On 1 st April 2023, following a period of extensive due diligence and legal advice, HSH became a wholly owned
subsidiary of Saltbox Ltd, registered charity number 1121832 and company limited by guarantee number
06247360. HSH has retained its own Board, which meets every 2 months, and has been supported by the Board
and staff of Saltbox to ensure that it continues to fulfil its responsibilities as a registered provider of social housing
and as a charity.
Recruitment and appolntment of new trustees
The election or appointment of Trustees is set out in the Artbcles of Association of HSH.
Organisational structure and declsion making
The Board of Trustees of meets bi-monthly and is responsible for the strategic direction and policy of the charity.
A management agreement has been put in place with the parent company, Saltbox, who assist HSH in providing
the operational support for the running of the organization including overseeing the receipt of income from rents
and managing the repairs and maintenance of properties. A scheme of delegation is in ptace and day to day
responsibility for the provision of the serVi￿S rests with the Saltbox Chief Executive Officer (CEO), Lloyd Cooke,
who leads 8 Senior Management Team.
Declaratlon of Interests
Trustees are required to declare interests that are relevant and material both at Board level and at subcommittee
level and declarations are requested at each meeting. A record is maintained of all relevant and material interests
by the Company Secretsry and this record is available on request.
Indu¢tlon and training of new trustees
New Trustees are identified through a trustee recruitment and selection process, based on a skills matrix of roles
required for the governance of the charity. They are required to seNe a probationary period during which time they
are expected to attend an initial Board meeting as an observer, meet with the Sallbox CEO and HSH Chair of the
Board, and undertake a Trustee induction programme to familiarise themselves with the charity and the context
in which it operates.
Related parties
HSH operates as a subsidiary company of Saltbox and as such, has intercompany transactions with the parent.
Page 4

HAWES STREET HOUSING LTD.
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error. The risk management
reporting framework adopted by the Trustees includes the following:
Preparation, update and review of the Risk Register at each Board meeting. with key issues identified and
pro-active plans established to mitigate those identified risks, including the accountable manager and
meframe for monitoring of those risks:
Preparation and presentation of the monthly management accounts and cash flow position to Trustees at
each Board meeting, to ensure that the charity has sufficient funds for a period of 12 months or more;
Health and safety monitoring - this is carried out by the Saltbox team on a regular basis to ensure that any
risks are identified, reported and mitigated. Health and Safety checks for properties are undertaken on a monthly
basis, or more frequently, as risks are identified. Reporting of gas and electrical certlfications is undertaken to
the Trustees at each Board meeting;
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02328684 (England and Wales)
Registered Charity number
1076383
Registered office
3 Goodfellow Street
Tunstall
Stoke On Trent
Stsffordshire
ST6 SAX
Trustses
J Gerrard
P Harley
M W Holland (appointed 1.4.23)
P J Madden
C D Mcmain
G D Bond (appointed 1.4.23}
Company Secretary
L Cooke
Auditors
Sumer Auditco Ltd
Chartered accountants & statutory auditors
Stone House
Stone Road Business Park
Stoke-On-Trent
ST4 6SR
Page 5

HAWES STREET HOUSING LTD.
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2024
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who are also the direclors of Hawes Street Housihg Ltd. for the purposes of company law) are
responsible for prep8ring the Report of the trustees and the financial stslements in accordance with applicable
law and United Klngdom Accounting St8ndards (United Kingdom Generally AGcepted A¢¢ounting Practice).
Company law requires the trustees to prepare financial ststements 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, including the income and expenditure, of the charitable Gompany for that period. In preparing those
financial ststements, the trustees are required to
select suitable accounting policies and then appty them consistently.
obseNe the methods and principles in the Charity SORP.,
make judgements and estimates that are reasonable and prudent,
prepare the fin8n¢¢al slatements on the going concern basis unless it is inappropriate to presume that the
charit8ble company will continue in business.
The trustees are responsible for keeping propèr accounting records which disclose with reasonable accuracy at
any time the financial position ofthe Charitable company and to enable them to ensure that the financial statements
comply wlth the Companies Act 2006. They are also responsible for safeguarding the assets of Ihe charitable
company and hence for taking reasonable Step8 for the prevention and detection of fraud and other Irregularitie8.
In so far as the trustees are aware:
there is no relevant audit infomiation of which the charltable company's auditors are unaware:
and
the trustees have taken all steps that they ought to have taken to make themselves aw8re of any relevant audlt
infomiation and to establish that the audltors are aware of that information.
AUDITORS
The auditors is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.
Approved by order of the board of trustees on ... .
and signed on its behalf by.
C D Mcmain - Truslee
Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HAWES STREET HOUSING LTD.
Oplnion
We have audited the financial statements of Hawes Street Housing Ltd. (the 'charitable company,) for the year
ended 31 March 2024 which comprise the Statement of financial activities, the Statement of financial position, the
Statement of cash flows and notes to the financial statements, including a summary of significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom 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 2024 and of its incoming
resources and application of resources, including its income and expenditure, for the year then ended.
have been properly prepared in accordants wtth United Kingdom Generally Accepted A￿OUntIng Practice" and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the
FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our opinion.
Conclusions relatlng to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not idents'fied any material uncertainties relating to events or
conditions that, individually or collectively. may cast signifi'cant doubt on the charitable company's ability to
continue as a going concern for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the
relevant sections of this report.
Other information
The trustees are responsible for the other infomiation. The other information comprises the information included
in the Annual report, other than the financial statements and our Report of the independent auditors thereon.
Our opinion on the financial statements does not cover the other information and. except to the extent otheNiise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other infomiation and, in
doing so, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misststed. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a
material misstatement in the financial statements themselves. If, based on the work we have perfomied, we
conclude that there is a material misstatement of this other information, we are required to report that fact. We
have nothing to report in this regard.
Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HAWES STREET HOUSING LTD.
Opinlons 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 statemenls are
prepared is consistent with the financial statements., and
the Report of the trustees has been prepared in accordance with applicable legal requirements.
Matter3 on whlch we are required to report by exceptlon
In the light of the knowledge and understanding of the ch8ritable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Report of the trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report
to you if, in our opinion..
adequate accounting records have not been kept or retums 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
rtain 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
As explained more fully in the Statement of twstees, responsibilities, the trustees (who are also the directors of
the charitable company for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the twstees
determine is necessary to enable the preparation of financial statements that are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's abilty
to continue as a going concem, disclosing, as applicable, matters related to going concem and using the going
concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations, or have no reslistic alternative but to do so.
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HAWES STREET HOUSING LTD.
Our responsibilities for the audlt of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misststement, whether due to fraud or error. and to issue a Report of the independent auditors that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit
conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they
could reasonably be expected to influence the economic decisions of users taken on the basis of these financial
statements.
The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below:
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or
error, and then design and perform audit procedures responsive to those risks, including obtaining audit
evidence that is sufficient and appropriate to provide a basis for our opinion.
Identifying and assesslng potential risks related to irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and
non-compliance with laws and regulations,.we considered the following:
the nature of the industry and sector, control environment and business performance including the
design of the company remuneration policies, key drivers for directors, remuneration, bonus levels and
performance targets;
results of our enquiries of management about their own identification and assessment of the risks of
irregularrties;
any matters we identified having obtained and reviewed the company documentation of their policies
and procedures relating to..
identifying, evaluating and complying with laws and regulations and whether they were aware of
any instances of noncompliance;
detecting and responding to the risks of fraud and whether they have knowledge of any actual,
suspected or alleged fraud;
the internal controls established to mitigate risks of fraud or non-compliance with laws and
regulations,.
the matters discussed among the audit engagement team regarding how and where fraud might occur
in the financial statements and any potential indicators of fraud.
Based on this approach, we were able to assess the company risks and ensure the risks were considered
throughout all areas of audit testing. The audit team was professionally sceptical throughout the audit and
remained alert for inaccurate or misleading information.
Audit response to rlsks Identified
During the planning stage of the audrt, the susceptibility of the charity to irregularities including fraud was
considered and discussed with the audit team.
No key audit risks were identified relating to the potential risk of fraud or irregularitÈes. Our procedures to
respond to risks identified included the following:
reviewing the financial statement disclosures and testing to supporting documentation to assess compliance
with provisions of relevant laws and regulations described as having a direct effect on the financial statements.,
performing cut-off tests to ensure income is recognised in the appropriate accounting period;
enquiring of management Con￿rning actual and potential litigation and claims.,
perfomiing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of
material misstatement due to fraud;
obtained an understanding of provisions and held discussions with management to understand the basis of
recognition or non-recognition of lax provisions. and
Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HAWES STREET HOUSING LTD.
in addressing the risk of fraud through management override of controls. testing the appropriateness of journal
entries and other adjustments,. assessing whether the judgements made in making accounting estimates are
indicative of a potenti81 bias., and evaluating the business rationale of any significant transactions that are
unusual or outside the normal course of business.
Audit testing was completed on a targeted sample basis bas8d on our assessment of risk and materialty. Due to
the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material
misstatements in the financial statements, even though we have property planned and performed our audit in
accordance with auditing standards. For example, as with any audit, there remained 8 higher risk of
non-detection of irregularities. as these may involve collusion, forgery, intentional omissions, misrepresentations,
or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and
regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report
of the Independent Auditors.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable
company's members those matters we are required to state to them in an auditors, report and for no other
purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibilty to anyone other than
the charitable company a
the charitable company's members as a body, for our audit work, for this report, or
for the opinions we hav
ormed.
Helen Tidyman
ior Statutory Auditor)
for and on behalf of Sumer Auditco Ltd
Chartered accountants & statutory auditors
Stone House
Stone Road Business Park
Stoke-On-Trent
ST4 6SR
Date..
Page 10

HAWES STREET HOUSING LTD.
STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 March 2024
Period
1.1.22
to
31.3.23
Total
funds
Year Ended
31.3.24
Total
funds
Unrestricted
fund
Restricted
fund
Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
Housing for the benefit of the community
93,273
93,273
109.748
other income
426
426
Total
93,699
93,699
109 748
EXPENDITURE ON
Charltable activities
Housing for the benefit of the communty
44,930
44,930
36,775
Other
22,562
22,562
27,380
Total
67.492
67,492
64,155
NET INCOME
Transfers between funds
other recognised gainsl(losses)
Gains on revaluation of fixed assets
26,207
250.000
26,207
45,593
10
(250.000)
1,190657
1,190657
Net movement in funds
1.466.864
(250,000)
1.216,864
45,593
RECONCILIATION OF FUNDS
Total funds brought forward
906,144
250,000
1,156,144
1,110,551
TOTAL FUNDS CARRIED FORWARD
2,373,008
2 373,008
1 156,144
The notes form part of these financial statemenls
Page11

HAWES STREET HOUSING LTD.
STATEMENT OF FINANCIAL POSITION
31 March 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted
fund
Restricted
fund
Notes
FIXED ASSETS
Tangible assets
2,145,000
2.145,000
872,854
CURRENT ASSETS
Debtors
Cash at bank and in hand
8,842
235 002
8,842
235,002
410
301,976
243,844
243,844
302,386
CREDITORS
Amounts falling due within one year
(15,836)
(15,836)
(19,096)
NET CURRENT ASSETS
228,008
228 008
283.290
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,373,008
2,373,008
1.156,144
NET ASSETS
2 373,008
2 373,008
1.156.144
FUNDS
Unrestricted funds
Restricted funds
10
2,373,008
906.144
250 000
TOTAL FUNDS
2,373,008
1,156.144
These financial statements have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The fina
cial statements were approved by the Board of Trustees and authorised for issue on
.2QZ¥......
and were signed on its behalf by..
C D Mcmain - Trustee
The notes fomi part of these financial statements
Page 12

HAWES STREET HOUSING LTD.
STATEMENT OF CASH FLOWS
for the Year Ended 31 March 2024
Period
1.1.22
to
31.3.23
Year Ended
31.3.24
Notes
Cash flows from operating activities
Cash generated from operats'ons
14,515
64,270
Net cash provided by operating activities
14,515
Cash flows from investlng activities
Purchase of tangible fixed assets
{81,489)
Net cash (used in)Iprovided by investing activities
81,489)
Change In cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beglnning of the reporting period
(66,974)
64,270
301976
237,706
Cash and cash equivalents at the end
of the reporting period
235,002
301,976
The notes form part of these financial statements
Page 13

HAWES STREET HOUSING LTD.
NOTES TO THE STATEMENT OF CASH FLOWS
for the Year Ended 31 March 2024
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
Period
1.1.22
Year Ended
31.3.24
31.3.23
Net income for the reporting period (as per the Statement of
financial a¢tivitles)
Adjustments for:
Depreciation charges
Increase in debtors
(Decrease)lincrease in creditors
26,207
45,593
421
(8.432)
3,260
18,256
Net cash provided by operations
14,515
64,270
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.23
Cash flow
At 31.3.24
Net cash
Cash at bank and in hand
301976
66,974)
235,002
301,976
66 974)
235,002
Total
301,976
66,974
235,002
The notes form part of these financial statements
Page 14

HAWES STREET HOUSING LTD.
NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024
GENERAL INFORMATION
The charity is a public benefit entity and a private company limited by guarantee, registered in England and
Wales and a registered charity in England and Wales. The address of the registered office is 3 G¢)odfellow
Street, Tunstall .Stoke-on-Trent, Staffordshire, ST6 SAX.
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have
been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1
January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under
the historical cost convention. as modified by the revaluation of certain assets.
Critical accountlng judgements and key sources of estimation uncertalnty
The judgements that management has made in the process of applying the entrty's accounting policies and
that have the most significant effect on the amounts recognised in the financial statements are as follows:
{1) Estimated useful lives and resldual values of fixed assets
As described in the notes to the financial statements, depreciation of tangible fixed assets has b8en based
on esb'mated useful lives and residual values deemed appropriate by the trustees. Estimated useful lives
and residual values are reviewed annually and revised as appropriate. Revisions take into account
estimated useful lives used by other charities and actual asset lives and residual values, as evidenced by
disposals during the current and prior accounting periods.
(li) Provlsions
Provision is made for asset dilapidation and contingencies. These provisions require management's best
estimate of the costs that will be incurred based on legislative and contractual requirements.
Going concern
There are no material uncertainties about the charity's ability to continue as a going concern.
Income
All income is included in the statement 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 the amount
can be reliably measured.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT
which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
ServI￿S for its beneficiaries. It includes both costs that can be allocated directly to such activities and those
costs of an indirect nature necessary to support them.
Page 15
continued...

HAWES STREET HOUSING LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024
ACCOUNTING POLICIES - continued
Tangible fixed assets
Depreciation is provided at Ihe following annual rates in order to write off each asset over its estimated
useful lrfe
Freehold Property
Long Leasehold
Office Equipment
Not depreciated
Not depreciated
10 /0 Straight Line
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated
depreciation and impairment losses. The charity only capitalises individual assets of a value of £1,000 or
more.
Freehold and long leasehold properties are not depreciated as in the opinion of the Trustees any
depreciation would be immaterial. The freehold and leasehold properties are maintained to a high standard
and have a high residual value.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
RestrictÉons arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Impairment of flxed assets
A review for indicators of impaiment 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 at each
reporting date.
Flnancial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrum8nt.
Basic financial instruments are initially recognised at the amount receivable or payable including any related
transaction 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 interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration
expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Page 16
continued..

HAWES STREET HOUSING LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024
ACCOUNTING POLICIES - continued
Impairment of fixed assets
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of
impaiment at the end of each reporting date. If there is objective evidence of impaimient, an impaimient
loss is recognised under the appropriate heading in the statement of financial activities in which the initial
gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individual
significant, these are assessed individually for Smpairnient. other fi'nancial assets are either assessed
individually or grouped on the basis of similar credit risk characteristics.
NET INCOMEI(EXPENDITURE)
Net incomel{expenditure) is stated after chargingl(crediting)'.
Period
1.1.22
to
31.3.23
Year Ended
31.3.24
Auditors, remuneration
3,000
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefi'ts for the year ended 31 March 2024. For the period
ended 31 March 2023 J Gerrard was paid an amount of £1,500 for administrative services.
Trustees. expenses
There were no trustees, expenses pald for the year ended 31 March 2024 nor for the perlod ended
31 March 2023.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
Restricted
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Charitable actlvities
Housing for the benefit of the community
109,748
109.748
Page 17
continued...

HAWES STREET HOUSING LTD.
NOTES TO THE FINANCIAL STATEMENTS- continued
for the Year Ended 31 March 2024
COMPARATIVES FOR THE sTATEmE￿r OF FINANCIAL ACTIVITIES - continued
EXPENDITURE ON
Unrestricted
fund
Restricted
fund
Total
funds
Charitable activities
Housing for the benefit of the community
36,775
36,775
Other
27,380
27,380
Total
64.155
64,155
NET INCOME
45,593
45,593
RECONCILIATION OF FUNDS
Total funds brought forward
860,551
250,000
1,110,551
TOTAL FUNDS CARRIED FORWARD
906,144
250,000
1,156,144
PRIOR YEAR COMPARATIVES
During the year, the charity was acquired by a large charity that qualifies for audit. As a result of this, the
current period financial statements have been audited. The prior year financial statements are unaudited
as there was no requirements to complete an audit for this period.
TANGIBLE FIXED ASSETS
Freehokl
propety
Long
leasehold
Office
Equipment
Totals
Cost or valuation
At 1 April 2023
Additions
Revaluations
Reclassification
872,854
81,489
1,190,657
480,000)
5,669
878,523
81,489
1,190,657
480,000
At 31 March 2024
1665,000
480 000
5,669
2,150,669
Depreciation
At 1 April 2023 and 31 March 2024
5,669
5,669
Net book value
At 31 March 2024
1,665,000
480.000
2,145,000
At 31 March 2023
872,854
872,854
Page 18
continued...

HAWES STREET HOUSING LTD.
NOTES TO THE FINANCIAL STATEMENTS- continued
for the Year Ended 31 March 2024
TANGIBLE FIXED ASSETS - continued
Cost or valuation at 31 March 2024 is represented by:
Freehold
property
Long
leasehold
Office
Equipment
Totals
Valuation in 2024
Cost
924,144
266,513
213487
1,190.657
1.665.000
480,000
5,669
2,150,669
The freehold properties were revalued on 9th May 2024 on a market value basis by Mounsey Chartered
Surveyors.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Other debtors
Prepayments and accwed income
410
8,432
410
8,842
410
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Accruals and deferred income
15,836
19,096
10.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
be￿een
funds
At
31.3.24
At 1.4.23
Unrestricted funds
General fund
906.144
1,216,864
250,000
2,373,008
Restricted funds
Restricted fund
250,000
(250,000)
TOTAL FUNDS
1.156,144
1,216,864
2,373,008
Page 19
continued...

HAWES STREET HOUSING LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 Ma￿h 2024
10.
MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
93,699
(67,492)
1,190,657
1,216,864
TOTAL FUNDS
67,492)
1,190,657
1,216,864
Comparatives for movement in funds
Net
movement
in funds
At
31.3.23
At1.1.22
Unrestricted funds
General fund
860,551
45,593
906,144
Restrlcted funds
Restricted fund
250,000
250,000
TOTAL FUNDS
1,110,551
45,593
1,156.144
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
ReSoUr￿S
expended
Movement
in funds
Unrestricted funds
General fund
109,748
(64,155)
45,593
TOTAL FUNDS
109.748
64,155)
45,593
Page 20
continued...

HAWES STREET HOUSING LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024
ULTIMATE PARENT COMPANY
Hawes Street Housing Ltd is a subsidiary of Saltbox a registered charty, charity number 1121832, whose
registered address is Gitana Street, Hanley, Stoke-on-Trent, ST11 DY.
12.
CONTINGENT LIABILITIES
Rents due in respect of properties is viewed as not material to the accounts because the income would
offset the expenditure.
13.
RELATED PARTY DISCLOSURES
During the year ended 31st March 2024 CD Mcmain was paid £1,576 for professional building services
undertaken. (For the period ended 3151 March 2023 an amount of £5.327 was paid)
For the period ended 31 st March 2023 J Gerrard was paid £1,500 for administrative services.
Page 21