REGISTERED COMPANY NUMBER: 02328684 (England and Wales)
IREGISTERED CHARITY NUMBER: 1076383
REGISTERED WITH REGULATOR OF SOCIAL HOUSING NUMBER 4707
REPORT OF THE TRUSTEES AND
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
HAWES STREET HOUSING LTD.

HAWES STREET HOUSING LTD.
CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025
Report of the trustees
Report of the independent auditors
Statement of financial activities
Statement of financial position
Statement of cash flows
Notes to the statement of cash flows
Notes to the financial statements
Detailed statement of financial activities
Page
1 to 6
7 to 10
11
12
13
14
15 to 21
22

HAWES STREET HOUSING LTD.
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
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 2025. The trustees have
adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives, structure and activities
On 27/11/24, the trustees, as approved by the Charity Commission and the Regulator of Social Housing,
amended the objects of the charity as follows:
The Charity's Objects are to carry on for the benefit of the public in England and Wales the business of:
a. providing social housing and any associated amenities, services or assistance for people in necessitous
circumstances on terms appropriate to their means:
b. providing specially designed or adapted social housing and associated amenities, services or assistance
for people who need it or them because of chronic sickness, age or mental or physical disabilities:
c. providing social housing and any other associated amenities, services or assistance for any others for
whom it is charitable to do so:
d. to promote any other charitable purpose for the benefit of the public in England and Wales.
Significant activities and Public Benefit
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 Charity Commission. As a result, the trustees have satisfied themselves that the
public benefit of the activities undertaken by Saltbox, have 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
• The purchase and renovation of vacant houses within the area surrounding Hawes Street in the Tunstall
area of Stoke-on-Trent for letting at affordable rents to local people who are homeless or in housing need
Page 1

HAWES STREET HOUSING LTD.
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Review of Activities 2024/25
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.
the year with 100% occupancy.
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 older people and money/debt
advice services.
Annual tenancy visits and property inspections were conducted through the year, and all properties were
found to be compliant with the Decent Homes Standard. The ongoing repairs & maintenance continues to be
overseen by the Saltbox Property Services Team. The HSH board also approves an annual Planned
Maintenance programme for the renovation and refurbishment of houses which will enable us to undertake
significant improvements in a planned and controlled manner.
During the year, the Housing Officer also conducted our annual Tenant Satisfaction Measures. These
returned some very positive results, including 100% of respondents satisfied with the overall service, 100%
of respondents satisfied with the repairs service and 96% of respondents satisfied that their home is well
maintained. These results reflect the excellent ongoing work of the Housing Officer and the Saltbox Property
Services Team.
A considerable amount of work has continued during the year to ensure that HSH is compliant with the
Consumer & Economic Standards set out by the Regulator of Social Housing. There is further work to be
undertaken by staff and trustees to ensure full compliance with the Governance & Financial Viability
Standard which will be completed in the next 12 months.
HSH has also made the necessary submissions to the Housing Ombudsman under the Complaint Handling
Code. At the year end, HSH is able to demonstrate full compliance with the code.
As part of HSH's responsibility as a registered provider of social housing, we take our responsibilities in the
local community very seriously. In the last 12 months we organised a community clean up day in partnership
with Restart, and we have worked with the local authority to house a family who were priority on the housing
HSH will continue to seek growth and development across all of its work, including exploring further property
purchases and further positive impact in the local community.
Value for Money
In the current economic environment, it is important to ensure that HSH maximises the value for money from
and approved prior to being incurred, with quotations obtained as required, to ensure that the best prices are
secured.
Page 2

HAWES STREET HOUSING LTD.
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
FINANCIAL REVIEW
Financial position
Overall Performance
The financial activity of the Charity is detailed in the Financial Statements attached.
We are pleased to report that our results for the year ended 31st March 2025 show a surplus of £20,492
(2024: surplus of £26,207). 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 2025/26 HSH will continue to make good financial progress, despite the
ongoing challenges around the economic environment and that it has sufficient reserves to enable the
organisation to continue to deliver its activities.
Principal funding sources
Income:
HSH is financed through the rents received from its tenants and from housing benefit for those tenants in
receipt of this. Total Incoming resources during the year was £96,597 compared with £93,699 in the previous
12 months.
Expenditure:
Total resources expended for the year was £76, 105 compared with £67,492 in the previous financial period
Balance Sheet:
Total funds at 31st March 2025 were £2,393,500 (2024: £2,373,008) of which Restricted funds were:
Enil (2024: Enil). Un-restricted funds were: £2,393,500 (2024: £2,373,008).
Cash at Bank and in hand was £246,294 (20234 £235,002) 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 was created to ensure
that the properties are accounted for at fair value. There is no material change in the fair value of the
investment properties during the year ended 31 March 2025.
Reserves policy
Future Proofing the Charity's Service Provision
The trustees have determined that the charity's reserves are kept at a satisfactory level to provide
continuation 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 charity remains sustainable in the event of any significant loss due to unforeseen
circumstances, it is the trustees' policy to hold reserves of approximately 3 months' expenditure. This
equates to approximately £19,027 of which we currently hold £246,294 (2024: £235,002).
Investment Policy
In accordance with the Articles of Association, the trustees' have the power to invest money in their absolute
discretion as they see fit.
Page 3

HAWES STREET HOUSING LTD.
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing 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 Association). It is
also a Registered Provider number 4707 and regulated by the Regulator of Social Housing.
Company Structure
On 1st April 2023, HSH became a wholly owned subsidiary of Saltbox Ltd, registered charity numbel
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 appointment of new trustees
The election or appointment of trustees is set out in the Articles of Association of HSH.
Organisational structure and decision 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
place and day to day responsibility for the provision of the services rests with the Saltbox Chief Executive
Officer (CEO), Lloyd Cooke, who leads a Senior Management Team.
Declaration 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 Secretary and this record is available on request.
Induction 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 serve a probationary period during
which time they are expected to attend an initial Board meeting as an observer, meet with the Saltbox CEC
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
PASH operates as a subsidiary company of Salibox and as such, has intercompany transactions with the
During the year ended 31st March 2025, C D McMain was paid £2,740 for professional building services
(2024: £1,576).
Page 4

HAWES STREET HOUSING LTD.
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
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
timeframe 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
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
Staffordshire
ST6 5AX
Trustees
J Gerrard (resigned 7.10.24)
P Harley (resigned 11.6.25)
M W Holland
PJ Madden
C D McMain
G D Bond
Company Secretary
L Cooke
Auditors
Sumer Auditco Limited
Chartered Accountants & Statutory Auditor
Stone House
Stone Road Business Park
Stoke-on-Trent
ST4 6SR
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Hawes Street Housing Ltd. for the purposes of company law) ar
responsible for preparing the Report of the trustees and the financial statements in accordance witi
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
Page 5

HAWES STREET HOUSING LTD.
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
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, including the income and expenditure, of the charitable company for that period. 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 Charity SORP;
- make judgements and estimates that are reasonable and prudent
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the charitable company and to enable them to ensure that the financial
statements 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.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors are deemed to have been re-appointed in accordance with section 487 of the Companies Act
Approved by order of the board of trustees on 3 September 2025 and signed on its behalf by:
ev vite
C D McMain - Trustee
Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HAWES STREET HOUSING LTD.
We have audited the financial statements of Hawes Street Housing Ltd. (the 'charitable company') for the
year ended 31 March 2025 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
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its
incoming resources and application of resources, including its income and expenditure, for the year then
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
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 financia
statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethica
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 relating 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 identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant 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 concern are described in the
relevant sections of this report.
Other information
The trustees are responsible for the other information. 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
otherwise 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 information
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 misstated. 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 performed, 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.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the trustees for the financial year for which the financial statements
are prepared is consistent with the financial statements; and
- the Report of the trustees has been prepared in accordance with applicable legal requirements.
Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HAWES STREET HOUSING LTD.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable 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 returns adequate for our audit have not been
received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
to prepare a Strategic report or in preparing the Report of the trustees.
Responsibilities of trustees
As explained more fully in the Statement of trustees' responsibilities, the trustees (who are also the directors
i the charitable company for the purposes of company law) are responsible for the preparation of tr
nancial statements and for being satisfied that they give a true and fair view, and for such internal control
the trustees 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
ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using
the going concern basis of accounting unless the trustees either intend to liquidate the charitable company ol
to cease operations, or have no realistic alternative but to do so
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HAWES STREET HOUSING LTD.
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
tree trom material misstatement, 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 assessing 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
irregularities;
any matters we identified having obtained and reviewed the company documentation of their policies
and procedures relating to:
identifying, evaluating and compiying 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 risks identified
During the planning stage of the audit, 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 irregularities. 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 concerning actual and potential litigation and claims;
- performing 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 tax 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 potential 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 based on our assessment of risk and materiality.
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 properly planned and performed
our audit in accordance with auditing standards. For example, as with any audit, there remained a 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.uk/auditorsresponsibilities. 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 permitted by law, we do not accept or assume responsibility to
anyone other than the charitable company and the charitable company's members as a body, for our audit
work, for this report, or for the opinions we have formed.
Sumer Auditco
Helen Tidyman (Senior Statutory Auditor)
for and on behalf of Sumer Auditco Limited
Chartered Accountants & Statutory Auditors
Stone House
Stone Road Business Park
Stoke-on-Trent
ST4 6SR
Date:
1/9/25
Page 10

HAWES STREET HOUSING LTD.
STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 March 2025
Unrestricted
fund
Restricted
fund
Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
Housing for the benefit of the community
Other income
Total
EXPENDITURE ON
Charitable activities
Housing for the benefit of the community
Other
Total
NET INCOME
Other recognised gains/(losses)
Gains on revaluation of fixed assets
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
-
96,112
485
96,597
-
67,552
-
8,553
-
76,105
20,492
-
-
20,492
2,373,008
-
2,393,500
-
-
-
-
The notes form part of these financial statements
Page 11
31.3.25
Total
funds
96,112
485
96,597
67,552
8,553
76,105
20,492
20,492
2,373,008
2,393,500
31.3.24
Total
funds
93,273
426
93,699
44,930
22,562
67,492
26,207
1,190,657
1,216,864
1,156,144
2,373,008

HAWES STREET HOUSING LTD.
STATEMENT OF FINANCIAL POSITION
31 March 2025
FIXED ASSETS
Tangible assets
CURRENT ASSETS
Debtors
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds
TOTAL FUNDS
Unrestricted
fund
Restricted
fund
31.3.25
Total
funds
Notes
6
2,145,000
8
9
12,006
246,294
258,300
(9,800)
-
-
248,500
2,393,500
-
2,393,500
-
-
-
-
2,145,000
12,006
246,294
258,300
(9,800)
248,500
2,393,500
2,393,500
2,393,500
2,393,500
31.3.24
Total
funds
2,145,000
8,842
235,002
243,844
(15,836)
228,008
2,373,008
2,373,008
2,373,008
2,373,008
These financial statements have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on
3 September 2025 and were signed on its behalf by:
40 g
C D McMain - Trustee
The notes form part of these financial statements
Page 12

HAWES STREET HOUSING LTD.
STATEMENT OF CASH FLOWS
for the Year Ended 31 March 2025
Notes
Cash flows from operating activities
Cash generated from operations
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash provided by/(used in) investing activities
31.325
11,292
11,292
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period
11,292
235,002
246,294
The notes form part of these financial statements
Page 13
31.3.24
_14,515
14,515
(81,489)
(81,489)
(66,974)
301,976
235,002

HAWES STREET HOUSING LTD.
Nots a Ended March 205 CASH FLOWS
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.3.24
Net income for the reporting period (as per the Statement of
financial activities)
Adjustments for:
Increase in debtors
Decrease in creditors
Net cash provided by operations
20,492
(3,164)
(6,036)
11,292
26,207
(8,432)
(3,260)
14,515
ANALYSIS OF CHANGES IN NET FUNDS
Net cash
Cash at bank and in hand
Total
At 1.4.24
235,002
235,002
235,002
Cash flow
11,292
11,292
11,292
At 31.3.25
246,294
246,294
246,294
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 2025
1.
2.
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 registere
office is 3 Goodfellow Street, Tunstall Stoke-on-Trent, Staffordshire, ST6 5AX
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
applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements
assets.
Critical accounting judgements and key sources of estimation uncertainty
The judgements that management has made in the process of applying the entity's accounting
policies and that have the most significant effect on the amounts recognised in the financia
statements are as follows:
(i) Estimated useful lives and residual values of fixed assets
As described in the notes to the financial statements, depreciation of tangible fixed assets has been
based on estimated 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.
(ii) Provisions
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 an
/AT which cannot be fully recovered, and is reported as part of the expenditure to which it relate
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and services 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life
Page 15
continued...

HAWES STREET HOUSING LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025
2.
ACCOUNTING POLICIES - continued
Tangible fixed assets
Freehold Property
- Not depreciated
Not depreciated
- 10% 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
Freehold and long leasehold properties are not depreciated as in the opinion of the Trustees an
depreciation would be immaterial. The freehold and leasehold properties are maintained to a higi
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.
Restrictions 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 fixed assets
A review for indicators of impairment 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.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provisions of the instrument.
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.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of
impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial activities in
which the initial gain was recognised.
Page 16
continued...

HAWES STREET HOUSING LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025
2.
3.
ACCOUNTING POLICIES - continued
Impairment of fixed assets
For all equity instruments regardless of significance, and other financial assets that are individually
significant, these are assessed individually for impairment. Other financial assets are either assessed
individually or grouped on the basis of similar credit risk characteristics.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
313.25
3,600
31324
3,000
4.
5.
Auditors' remuneration
TRUSTEES' REMUNERATION AND BENEFITS
During the year ended 31st March 2025 C D McMain, a trustee was paid £2,740 (2024 £1,576) for
professional building services undertaken.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended
31 March 2024.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
Restricted
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Charitable activities
Housing for the benefit of the community
Other income
Total
EXPENDITURE ON
Charitable activities
Housing for the benefit of the community
Other
Total
NET INCOME
Transfers between funds
Other recognised gains/(losses)
Gains on revaluation of fixed assets
Net movement in funds
93,273
426
93,699
-
93,273
426
93,699
44,930
22,562
67,492
26,207
250,000
1,190,657
1,466,864
-
(250,000)
(250,000)
44,930
22,562
67,492
26,207
1,190,657
1,216,864
Page 17
continued..

HAWES STREET HOUSING LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Total
funds
6.
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
TANGIBLE FIXED ASSETS
906,144
2,373,008
Long
leasehold
480,000
250,000
-
1,156,144
2,373,008
Freehold
property
Cost or valuation
At 1 April 2024 and 31 March 2025
1,665,000
Depreciation
At 1 April 2024 and 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
1,665,000
1,665,000
Cost or valuation at 31 March 2025 is represented by:
Valuation in 2024
Cost
Freehold
property
€
924,144
740,856
1,665,000
480,000
480,000
Long
leasehold
266,513
213,487
480,000
Office
Equipment
5,669
Totals
2,150,669
5,669
5,669
2,145,000
2,145,000
Office
Equipment
5,669
5,669
Totals
1,190,657
960,012
2,150,669
he freehold propertie
hartered Survevor
were revalued on 9th May 2024 on a market value basis by Mounsey
Page 18
continued...

HAWES STREET HOUSING LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025
7.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments and accrued income
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accruals and deferred income
9.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
At 1.4.24
2,373,008
2,373,008
Incoming
resources
96,597
96.597
Page 19
31.3.25
1.820
10,386
12,006
31.3.25
6,200
3,600
9,800
Net
movement
in funds
20,492
20,492
Resources
expended
(76,105)
(76,105)
31.3.24
410
8,432
8,842
31.3.24
15,836
15,836
31.3.25
2,393,500
2,393,500
Movement
in funds
20,492
20,492
continued...

HAWES STREET HOUSING LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025
9.
MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
At 1.4.23
Net
movement
in funds
Transfers
between
funds
Unrestricted funds
General fund
Restricted funds
Restricted fund
906,144
1,216,864
250,000
250,000
(250,000)
TOTAL FUNDS
-
1,156,144
1,216,864
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Incoming
resources
93,699
Resources
expended
Gains and
losses
(67,492)
1,190,657
-
TOTAL FUNDS
93,699
(67,492)
1,190,657
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.4.23
in funds
Transfers
between
funds
Unrestricted funds
General fund
Restricted funds
Restricted fund
906,144
1,237,356
250,000
250,000
-
(250,000)
TOTAL FUNDS
1,156,144
1,237,356
Page 20
At
31.3.24
2,373,008
-
2,373,008
Movement
in funds
1,216,864
1,216,864
At
31.3.25
2,393,500
-
2,393,500
continued...

HAWES STREET HOUSING LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025
10.
11.
12.
MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the
above are as follows:
Unrestricted funds
General fund
Incoming
resources
€
190,296
Resources
expended
Gains and
Movement
in funds
(143,597)
1,190,657
1,237,356
TOTAL FUNDS
190,296
(143,597)
1,190,657
1,237,356
ULTIMATE PARENT COMPANY
Hawes Street Housing Ltd is a subsidiary of Saltbox a registered charity, charity number 1121832,
whose registered address is Gitana Street, Hanley, Stoke-on-Trent, ST1 1DY.
CONTINGENT LIABILITIES
Rents due in respect of properties is viewed as not material to the accounts because the income
would offset the expenditure.
RELATED PARTY DISCLOSURES
During the year ended 31st March 2025 C D McMain, a trustee was paid £2,740 (2024 £1,576) for
professional building services undertaken.
Page 21