Isleworth & Hounslow Charity Limited
Consolidated Financial Statements
Year Ended 31 December 2024
Hom88 England registration number.. 4675
Company registration numb8r: Q5577985
Charfty registration numb6r.' 1112467

.l¥lpwortli &.Ht>upslow LhariTy Limited
rinancial.sttatomp.i￿S
.Year Eiid#d 31 D.ecember 2024
Contonts
Page
Charity Information
Tru%loes' Report
Indp.pendent Auditorfs Report
.Consolidated Statement of Corriprehensive Income
Lonsolidated Balane,e Sheet
Compally Balanc8 Sh8et
Coi)solidat8d Ststement ofchanges in Fieserves
Company ￿{Itater0enLQf;changes in Reserves
on*olidateil Statement of Cash Flows
NoteèJ to Ilie Financia Ststements
10
11
12
13-14
15
16
17-30

Isleworth & Hounslow Charity Limited
Charity Information
Year Ended 31 December 2024
Trustees and Dlrectors
Mr R J Barlholomaw- Chair
Mr D G Woods- Vic8-Chair
Ms H Davidson - Treasurer
Ms A Carroll
Rev D Cokayne
Mr P G Dodkins
Mrs LA Green
Councillor T Louki
MrCSLucy
Ms S Sylvester
Dr J Tippins
Mr P Turner
Secretary and General hllanager
Mr A Brooks
R8gisterod office and place of business
The Office
Tolson House
Parth8nia Drive
Isl8worth
TW7 6GT
Auditor
Azgts Audit Services
2nd Floor Regi8 Hous8
45 King William Street
London
EC4R 9AN
Bankers
Barclays Bank PLC
210 Hlgh Street
Hounslow
TW31DL

Isleworth & Hounslow Charlty Limlted
Trustees, Report
Year Ended 31 December 2024
The Trustees (who are also the dlrectors of the group for the purposes of the Companies Acll of Isleworth &
Hounslow Charity Limited and Chiswick Parochial Charity ("Ihe Group'} present their report, and the audited
rinancial statements ofthe Group for the year ended 31 December 2024.
Momb6rs of the board
The Trustees who have served during the year were as follows.,
Mr R J Bartholomew- Chair
Mr D G Woods- Vice-chair
Ms H Davidson- Treasurer
Rev D Cokayne
Ms A Carroll
Mr P G Dodkins
Mrs L A Green
Councillor T Loukl
MrCSLucy
Rev D MaGLure (reslgned 28 March 20241
Ms S Sylve5tor
Dr J Tipplns
Mr P Turner
Review of thè business and business model
The Trustees consider the perf0rrnan￿ of the Group, in providing homes for those of modest income, to be
satisfa¢lDry and hav8 made special efforts to 8nsur8 the provision of Support for those of their re5id8nls who
sometimes fac8 difficult circumstances. The grant-giving budget decreased in current year from £17,404 lo
£5,502.
ObjectiV85 and 8trategtes for achieving those obj&ctiv88
The Group's main objects comprise the provision of affordable housing in cases of need. It is a registered
charlty (Charlly Number,. 1112467) and also a company limitad by guarante8 (Company Numb8r.' 05577965>.
Th8 Group is also a m8mber of Th8 Almshouse Association (Number 524) and 18 regist8red with Homes
England (Number 4675) and is a Registered Provider of Soclal Houslng.
It provides residential accommodation in 99 units, collecting maintenance and heating contributions from
residenls and maintaining its stock of affordable housing in good repair. It makes charitable donations lo
Indivlduals in need and other charllable organisatlons supporting p80ple In neéd in the London Borough of
Hounslow.
Prlncipal risks and un¢ertalntles
The key risks that may prevent th8 Group from achievlng its oLijectives are considered and reviawed
periodically by Ihe General Manager and the Board. The likelihood and impact of risks is assessed, and plans
are put in place to mitigata those risks consideréd to be the most likely.
Th8 key risks ar8..
truste8slstaff 8ngag8 In fraudulant acllvlly,,
that th8 Group has gaps in its haalth and saf8ty pra¢tice8,'
mai'or operational fallure. and
failure to comply with regulalSons.

Isleworth & Hounslow Charity Limited
Trustees, Report
Year Ended 31 December 2024
Maln Ir8nds and factors underlying Ihe developm8nt. performance and position of the Group
The main trends are year-on-year reductions in public sector spending, partly due to cost of living Grises and
a continued dernand for the Group's accommodation. Tha Group has been well-governed with continuad high
attendanc& 21 maelings and formal raviaw of a variety of polici68.
The linklng of the CPC Into Ihe target operating M￿91 structure by IAHC has been a methodical and smooth
transitlon which has achieved both IAHC Strategic plan, by incr8asing stock by 19 properties, and by providing
securty and stability lo the beneficiaries at Whittingham Court as running costs become streamlined, and
oveNiew by IAHC experienced personnel to provide a more robust compliance regime and deliver longer term
planning objectives. These wid&r plans include Initial boiler upgrades, and the dev8lopm6nl and priorilising a
5 year plan from a stock condition survey.
Analysls uslng flnanclal and non-financial key perfomianeA Indicators
The financial statements show an operating surplus for the year of £254,065 (2023.. £653,142). The Trustees
consider thi8 to be a satisfactory outcome.
During the year, the Group's quoted investments hav8 increasad in value by 5.8Yo (2023: 11.40/.). As a result
ofthe operating surplus and increase in the value of Investments, the overall surplus for the yearwas £837,087
{2023- £1,260,791). The Groups, funds al the year-end were £15,093,134 (2023 - £14.256.047).
Future prospects and developments
The Charity refreshed its 5-year strategy in 2024, with the maln objective being to increase the amount of
current acGommodation of 99 units to more than 120 units by 2029, to be achieved by redeveloping its land in
Hounslow. In addition. this 5-y8ar strat8gy Olrtlines an updated asset management policy using Stock
Condition Surveys ta identify, maintain and Improve sustainably the existing properties to the highest
standards possible.
The Charity will continue providing well-belng checks, visits and phone calls along with a range of social
aGtlvltles to increase the resldent experlence and keep rasidents physically, mentally and socially active.
Assessment of how the Charity is achieving value for money
The Group's approach to Value for Money is to ensure that we contlnue to provlde affordable housing. The
prop8rlies are mainlained, and contribution levels are kept below the cap enforced by the Regulator of Social
Housing.
Charltable donations are made to resldenls of the London Borough of Hounslow aftar an ass8ssm8nt by the
Trusleas to ansur8 rélief is provided to those who need it.

Isleworth & Hounslow Charlty Limited
Trustees, Report
Year Ended 31 December 2024
The following are Value far Money metrics as required by Ihe Value for Money Standard Issued by the
Regulator of Social Housing:
Metrlc
2024 valu
2023 value
Reinvestment
New su
Social housin
units
New supply (Non-social housing
units
Gearin
EBITDA MRI interest cover
Headline social housin
cost
Operating margin (Social housing
lettln
eralin
mar
In
Overall
Return on capltal employed
0/0
3,11Q/o
£1,053
42.45/,
£1,275
23.10'/0
1.45%
20,6110
1.18/
Assessment of compllance wlth the Governance and Flnanclal Vlablllty Standard
Vve are pleased to repori that the Group is meeting the Gov8rnance and Financial Viability Standard.
Reserves Pollcy
The Truste8s have consid8r8d th8ir policy regarding ReseNes, The Group's rnain activity has been the
provision ofaffordable housing in cases ofneed. 11 is a Group of Soclal Houslng and continues to be regulated
by the Regulator of Social Housing.
It continues to fulfil th8 functions of a Registered Provider of Social Housing and, as such, malntains specrfic
other designaled reserves for cyclical Maintenan￿ and extraordinary repairs and annual transfers are mada
to such reserves in1Sne with recommendations of tha Ragulator of Social Housing. Transfers back fram thès8
res8rv&s ara th8n made to match exp8nditure charged in the Income and Expenditure Account.
Monles and quoted Investments from tha John Field&r Haden Trust W8r8 transferred into the Group during
2012 and are classifi8d as Rastiicted Funds.
The group also maintains revenue reserves. In order to continue and expand ts main activitl8s, in 2024125
the Group's intenticn is to continue to invest and spend to increasing, m8inl8ining and improving its current
housing stock. It does not undertake fund raising activities and therefore, to provide sufficient sums to meet
future expendlture, its policy is to maintain high levels of revenue reserves generated from reinvestment of
annual surpluses from regular revenues and the stratggic us@ of grant applications to help aid funding for the
redevelopment of land in Hounslow.
Flnally, ravaluation r&serves are rnalntalned In accordance wtlh gan8rally acc8Pt8d accounting principles to
reflect the diff8r8nc& behween th8 market value and book value of Investmenls and housing property, When
such assets ar8 realised to generate funds for future investment, amounts wlll bè Iransferred from thes8
re6eNes to revenu6 reserves. The value of each reserve as at 31 December 202418 dlsclosed on pag8 13.
rh8 Charity's target level of free reserve5 IS three months of expenditure, approximately £235,000 (2023
£116,000) plus a budgeted amounl .being held for identlfled ¢apltal prosects, totalling £Nil (2023
£390,000). At the year end, the Group held free reserv8s of £760,087 {2023 £1,269,940), which is above
the target level.
Code ofgovemance
The Charity is constituted as a company limited by guaranlaè and is thar@fora govgrned by a Memorandum
and Artic168 ofAssociation. It was incorporated on 29 Sep18mber 2005 and, In October 2006. it acquired the
assets of Isleworth & Hounslow Charity and has taken over Ils acllvities. In January 2008 the Charity took
over the Parthenla Hayburn Trust (previously managed by London Borough Df HounslDW). In F@bruary 2023,
The Charily linked with Chiswick Parochial Charities and ha5 taken over its activities.

Isleworth & Hounslow Charity Limited
Trustees, Roport
Year Ended 31 Dacember 2024
The Group is managed by its Board of Trustees and h8d a stsff team of three during thè year. They consisted
of Ihe General Manager and the Almshouse Officer and the Gardener. The General Manager is responsible
forthe day-to4lay runnSng ofthe Charity and reporting directly to the Board of TNstè88. H8 is also responsible
forthe developmenl and governance of tha Group, the administration of th8 Group and housing management,
ensurlng that Ihe Group's buildings are maintained and inv&sl8d in and oversees day-to-day repairs. The
Almshouse Officer is responsible for regularly vlsitlng all the residents who live in th9 Groups prop6rtigs,
assistlng in dealing with particular issues that may arisa, and carrying out gengral duli8s in th& office.
Two ex-offiGiO Trustees- presenl incumbents of the benefices ofAII Saints, Church Isleworth and St John the
Baptist Church Isleworth - have unlimited tarms of appointment. All other appointed Trustees also s8Ne a
term of four years. New Trust6es undergo an induction with the General Manager which would comprise
details of organisational roles and responsibililies as well as legal roles and responsibilities.
Referance to Trusts88' annual review of intornal Control
The Truste&s are responsible for the control of financial affairs of the Group and ils intemal financial control,
Day to day responsibilities for administerlng financial functlons are vested In the Ganeral Manager and ha
reports regularly to the Trustees on financial matters. A financial ri8k assessmenl has b8en carrièd out by th
Trusle8s, who are satisfi6d th8r& are sufficient financial controls in place lo minlmise any future potentlal rlsk
lo the assets of the Group. Flnanclal procedures were reviewed with enhancements added to maintaln
robustness of current operating pracllces of an enlarggd group, but were not finalised and signed off, but
anticipate and expect these lo implement by end of 2025. Current ongoing aclivities of the Group are fvnded
from existing current incoming resources. mostly in the form of contributions from existing housing properties
and investment income. Where new projects are undertaken, fvnding Gonsideration is given to each project
individually. Th8 Group has res8rves, but as a provider of social housing, it will also s66k grant funding and
loan fLJnding as necessary and where appropriate.
Public benafit statement
Th8 Trustees hav8 giv8n du8 consideration to the Charfty Commission publlshed guidance on the public
benefit requirement. They will contlnue to relleve the need of people In necessltous clrcurnstances by tha
provlsion of accommodation and the relief in need, hardship or distr8ss of oth8r peopl8 resident in th8 London
Borough of Hounslow.
Pollcy for settlng key management remuneration
The Group has a Human Resources Committee whose responsibility is to review 8nd 8gr8e r8muneration
levels for personnel. The Committee's decisions are subsequently submitted to the board of Trustees for
Informatlon,
Financial in8lrum8nt8
The key financlal instruments included in the financial statements are a portfolio of listed inv8stm@nts held at
fair value and loans socur8d on certain housing properti&s.
Investmgnt strategy and performance
The Group's investments are managed by mulllple Investment and Fund Menagers and are spread across a
wlde range of Investment products, to dlvarslfy risk and malntaln a well-balanced portfolio. Saparata funds ar8
held by CCLA, M&G and Fiuffer.
Investment performance across all areas contlnues to be bLrfFgted by currant g￿-politICal headwlnds. In lh8
year lo Dec 2024. overall perfomiance was up 5.4D/o contributing1£457K) . wilh a low performancefrom Ruffers
of .3.9 % (.£39K) and a high of 80/c$1£253K) with M&G, with CCLA performance of 5.7% (£243kl.
However, since Dec24, the quarter to Mar25 shows a 6,4 % (£63k} Increase under Ruffers. whllst M&G posted
a 1.2/e increase {£42KI and CCLA showing a loss of 3.3¥0 (-£151 K}.
With Ihe current volatile and changeable condilions. the inv8stment strategy of monitoring performance closely
contlnues lo prevail.

Isleworth & Hounslow Charity Limited
Trustees, Report
Year Ended 31 December 2024
Trustees, responsibilities
The Trustees are responsible for preparing the report and financial statements in accordance with applicable
law and regulations.
Company and charity law and registered social housing legislation require the Trustees lo prepare financial
statements for each financial year which give a true and fair view of the state of affairs of the Charity and of
its inGome and expenditure for that period.
In preparing these financial statements, the Board is required to:
select suitable accounting policies and then apply them consistently.,
make judgements and estimates that are reasonable and prudent.,
51ale whether appliGable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements., and
prepare the financial statements on the going concern basis unless il is inappropriate to presume that the
Charity will Gontinue in business.
The Trustees are responsible for keeping adequate aGcounting records which disclose with reasonable
accuracy al any time the financial position of the Charity and enable it to ensure that the financial statements
comply with Co-operative and Community Benefit Societies Act 2014, the Housing and Regeneration Act 2008
and the Accounting Direction for private registered providers of social housing in England 2022. It has general
responsibility for taking reasonable steps to safeguard the assets of the Charity and to prevent and detect
fraud and other irregularities.
Disclosure of information to the auditors
We, the direclors ofthe group who held office at the date of approval of these Financial Statements as set out
above each confirm, so far as we are aware, that..
there is no relevant audit informalion of which the group'5 auditors are unaware- and
we have taken all the steps that we ought lo have taken as directors in order to make ourselves aware of
any relevant audit information and to establish that the group's auditors are aware of that information.
In approving Ihe Trustees, Report, we have taken advantage of the small company provisions in the
Companies Act 2006 to not include a Strategic Report, in our capacity as group directors.
Approved on behalf of the Board on
.2025 by:
Signature
R Bartholomew, Trustee
Signature.......
P Turner, Truste
irèctor
Director

Isleworth & Hounslow Charlty Llmlted
Indépendent Auditor's Report
Year Ended 31 December 2024
Oplnlon
Vve have audlled the financial statements of Isleworth & Hounslow Charlty Limlt8d (Iho parant charitabl8
company,) and Its subsidiaries for the year ended 31 December 2024 which comprise the Consolidated
statement of Comprehensive Income, the Consolidated and Cornpany Balance Sheets, the Consolidated and
Company Statements of Changes in Reserves, the Consolidated Statement of Cash Flows and notes to the
financial statements, including significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(Unit8d Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements-
give a true and fair view of the state of the charitable group's and parent charitable comp8ny's affairs
as at 31 December 2024 and of its income and expenditure for the year then ended.,
have been properly prepared in accordanc6 Wlth United Kingdom Generally Accepted Accountlng
practice- and
have b8en prepared in accordance with the requirements of the Companies Act 2006, the Housing
and Regeneration Act 2008 and the Accounting Direction for prlvate register8d providers of social
housing in England 2022,
Basis for opinion
We conducted our audil in accordance with International Standard5 on Auditino (UK) (ISAS (UKI) and
applicable law. Our responsibilities under those slandards are further described in the Auditor's responsibilitias
for the audit of the flnancial slatements section of our report. We ara independent of the charitablg group in
accordancg Wlth the ethical requirements that are relevant to our audit of the financial statements in the U K,
including th8 FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance
wllh these requirements. We believe that the audlt evldence we have obtainad is sufficient and appropriate to
provld8 a basis for our opinion.
Conclusions mlatlng to going concern
In auditing Iha financial statem6nts, we have concluded that the trustee5' Use of the going concern basis of
accounting In the preparallon of the flnancial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertalntles relating to events or
GondStions that, individually or collectively, may cast signlficant doubt on the group's ability to continu8 as
golng conc8rn for a period of at least tW81ve months fro)m when th6 financial stat8ments are authorised for
issue.
Our responsibilities and the responsibilit18s of the truste88 Wlth resped to going concern are described in the
relevant sectioris of this repori.
Other Informatlon
Tha oth8r information compris8S th8 information included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are res.ponsible for the other Informatlon contalned
within the annual report. Our oplnlon on the financial stalements does not cover th6 other Information and,
except to the gxtgnt othenmise explicitly stated in our report, we do not 8xpr&ss any form of assurance
conclusion thereon. Our r8sponsibility is to read the other information and, in doing so, consider whether the
other Informallon is rnaterially Inconsistent with Ihe financial statements or our knowledge obtained in the
course ofthe audlt, or olhemise appears to be materially misstated, If we id8ntify such material inconsisl8nci6s
or apparent material misstatements, we are requirad to d6t6rmine whether this gives rise to a material
misstatement in the financial slatements themselves. If, based on the work we have perfonned, we conclude
that there is a matsrial misststement of this other informatlon, we are required lo report that fact,
We havs nothing to r6pc)rl in this regard.

Isleworth & Hounslow Charlty Limited
Independent Auditor's Report
Year Ended 31 December 2024
Opinion on other matters prescribed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit..
thg information given In Ihe Report of the Trustees for the financial year for which the financial
statements are prepared is CDnsistent with the financial stalements., and
the Report of the Trustees has been prepared in accordance with applicable legal requirements,
Matters on which we are required to report by excoplion
In the light of Ihe knowledge and understanding of the charitable group and its environment oblained in th8
course of the audit, vve have not idenlified material misstal8ments in the Report of the Tru8tees.
We have nothing to report in respecl of th8 following matters where the Companies Act 2006 require5 US to
reporl to you if. in our opinion..
adequate accounting r8cords have not been kept or returns adequat8 for our audit have not been
received from branches not visited by u5., or
the financial statemgnts are not in agr8ement with the accounting records and returns., or
certaln dlsclosurgs of trusteos, remuneration specifiod by law are nol made., or
we have not recelved all the information and explanations ws r8quire for our audlt,. or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies regim8 and take advantage oftha small companies, exemptions in preparlng the trustees,
report and from the requirernent to prepare a strategic report.
Responsibllltles of trustees
As explained more fully in the Stalement of Trustaes Responsibilities sel out on page 6, the trustees (who are
also the directors of the charitable group for the purposes of company law) are responsible for th8 prep8ration
of the financial statements and for being satisfied that thay give a Iru8 and fair view, and for such internal
control as the trusl8@s determine is nec8ssary to 8nabl& the preparatlon of financial statements that are free
from material misstatement, whether due to fraud or error,
In preparing the financial statements, the Iruslees are responsib18 for assessing th8 charitable group's ablllty
to continue as a going concern, disclosing, a8 applicabSe. m8tt8rs related to golng concern and using the golng
concern basi8 of accounting unless the trustees either Intend to liquidate the charltabla group or to cease
operations, or have no realisllc alternatlve but to do 50.
Our responslbllltles forthe audll of the flnanclal statements
Our objectSves are to obtain reasonable assurance about whathar the financial st818m8nts as a whole are free
from rnaterlal mlsstatement, wh8th8r due to fraud or prror. and to issue an audltor's report that includes our
opinion. Reasonable assuranc8 is a high level of assurance, but Is not a guarantee that an audit conducted in
accordance with ISAS (UK} will always detecl a mat9rial misstalemgnt when it 8xists.
Mis8tatemenls can arise from fraud or error and are considered materlal if, individually or in the aggregat8,
they could reasonably be exp8ct8d 10 Influence tha economic decisions of users taken on the basls of Ihese
financial stataments.
A further description of our responsibilities for the audit of the financlal statemants is located on the Financial
Reporting Council's website at www.frc.org.uklaud ilorsresponsibilities. This descrlplion forms part of our
auditors report.
Extent to which the audlt was consldered capable of d6t6¢tlng Irregulariti8s, including fraud
Irregularities, including fraud. are instances of nDn-cDmpliance with lavws and regulations. We design
procedures in line with our r8sponsibilities, outlin8d abov& and on the Financlal Reporting Councll's website,
to detecl ma18rial misstatements in respect of irregularltles, including fraud.

Isleworth & Hounslow Charity Limited
Indapandent Auditor's Report
Year Ended 31 December 2024
We obtain and update our understanding of the entity, its activities, its control environment, 8nd likely fulur8
developments, including in relation lo the legal gnd regulatory frarllework applicable and how the entity is
complying with thal framework. Based on this understanding, we identify and assess the risks of material
misstatement of the financial staternents, whether due to fraud or error, design and perform audit procedures
responslve lo those risks, and obtain audit evid8nce that is suff ici8nt and approprigte to provid8 a basis for
our opinion. Thls Includes consideration of the risk of acts by the entity that were contrary to applicable laws
and regulations, including fraud.
In response to the risk of irregularities and non-compllance with laws and regulations, including fraud, wa
designed procedur&s which included:
Enquiry of management and those charged with governanc& around actual and potential litigation
and claims as well as actual, suspected and alleged fraud.
Reviewing minutes of meetings ofthose charged with govemance.,
Assessing the extent of compliance with the laws and regulations considered lo have a direct material
effect on Ihe financia1 statements or the operations of the group through enquiry and inspection.,
Reviewing finanoial staternenl disclDsur8s and testing to supporting documentation lo assess
compliance with applicable laws and regulations.
Performing audit work over the risk of management bias and override of controls, including testing
of journal entries and other adjustments for appropriateness. evaluating Ihe businass rationale of
significant transactlDns outside the normal course of business and revi8wing accounting estimates
for indicators of potential bias.
Because of the inherent limitations of an audit. ther8 is a risk that w8 will not detect all irregularitias, including
thosalgading to a material misstat9ment in the financial statements or non-compliance with regulatlon. Thls
risk increases the more that compllance wlth a law or regulation Is removed from the events and Iransactlons
reflected in the flnanclal statements, as we wlll be less likely to becom9 aware of instances of non-compliance.
The risk Df not delecling a material mis8tst8rllent resulting frow fraud is higher than for one resulting from
8rror, as fraud may involve collusion, forgery, intenllonal omissions, mlsrepresenlations, or the override of
internal control,
Use of our report
This report Is rnade solely to the charitable group's members, as a body, In accordance with Chapter 3 of Parl
16 of the Companies Act 2006. Our audit work has b88n undertaken so that W8 might state to the charitable
group's m8rnbers those malters we are requir&d to stat8 to th8m in an auditors, report and for no other purpose.
To the fullest extent permltted by law, we do not accept or assume responsibility to anyone other than the
charltable group and the charltable group's members as a body, for our audit work. for this r8POrt, or for the
opinions we hav8 form8d.
Rebecca Boys (Senlor Statutory Audltor)
For and on beha5f of Azets Audit Services
Statutory Auditor and Chart8r8d Accountants
2nd Floor Regis Hou86
45 King William Street
London
EC4R 9AN
Date
15 August
2025

Isleworth & Hounslow Charity Llmlted
Consolidated Statement of Comprehensive Income (Including Income and Expenditure
AcGount)
Year Ended 31 December 2024
2024
2023
Note
Turnover
1,099,936
1,410,141
Income from charitable activities
Value of assets acquired on consolidation
Total Turnover
1,099,936
953,561
456,580
1,410,141
22
1,099,936
Cost of sales
470,272
510,211
Gross surplus
629,664
899,930
Administrative expenditure
375,599
246,788
Operating surplus
254,065
653,142
Income from fixed asset investments
31,215
21,199
Interest receivable and similar income
Interest payable and similar charges
5,991
(10,298)
3,482
{10,436)
Movemanl in fair value of financial instruments
Movement in fair value of investment propertias
479,114
77,000
593,404
Surplus on ordinary actlvitles for the year before
tax
837,087
1,260,791
Tax on surplus on ordinary activities
10
Surplus for the year after tax
837,087
1,260,791
Total comprehensive income for the year
837,087
1,260.791
et income resources from charitable activities
alue of assets acquired on consolidation
et income Resources
837,087
804,211
456,580
1,260,791
837,087
On behalf of the Board
olo
Trustee Director
P Turn
Trustee Director
Date
2025
10

Isleworth & Hounslow Charity Limited
Consolidated Balance she8t
Year Ended 31 December 2024
2024
2023
Noto
Fixed assets
Tangible fixed assets
11,12
6.884,328
6,967,621
Investments
9,242,421
8,732,768
16,126,749
15,700,389
Current assets
Debtors
14
52,324
79,756
Cash at bank and in hand
1,438,835
1,031,812
1.491,159
1,111.568
Creditors: amounts falling due within one year
15
132,230
124,413
Net current assets
1,358,929
987,155
Total assets less current liabllltles
17,485,678
16,687,544
Creditors: amounts falling due after more than one year
16
2,392,544
2,431,497
Total net assets
15.093,134
14.256,047
Reserves
Income and expenditure reserve
18
7.332,032
7,048,058
Revaluation reserve
18
7,431,160
6,913,054
Restricted reserves
18
329,942
294,935
Total reserves
15,093,134
14,256,047
The financial stalemenls were approved and authorised for issue bythe Trustees on
.2025
Signed on behalf of the board
rtholoJMew, Trustee Dir
ctor
P Turner, Trustee Director
The accompanying notes form an integral part of these financial statements.
Company Registration Number.. 05577965

Isleworth & Hounslow Charity Limited
Company Balance sheet
Year Ended 31 December 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
11,12
6,604,463
6,687,756
Investments
8,927,366
8,450,194
15,531,829
15,137,950
Current assets
Debtors
14
37,756
79,645
Cash at bank and in hand
1,426,902
1,019,080
1,464,658
1,098,725
Creditors: amounts falling due within one year
120,831
94,385
Net Current assets
1,343,827
1,004,340
Total assets less current liabilities
16,875,656
16,142.290
Credltors: amounts falling due after more than one year
16
2,276,806
2,313,359
Total net assets
14,598,850
13,828,931
Reserves
Income and expenditure reserve
18
7,091,544
6,842,257
Revaluation reserve
18
7.431,160
6,913,054
Restricted raserve
18
76,146
73,620
Total reserves
14,598,850
13,828,931
The financial statements were approved and authorised for issue by the Trustees on .
Signed on behalf of the board
.2025
Q,<4fJL
R B ffholom
Trustee Director
PTur
ér, Trustee Director
The accompanying notes form an integral part of these financial statements.
Company Registration Number.. 05577965
12

'r w v)
< (n ￿ I).-b￿<￿I

Isleworth & Hounslow Charity Limited
Company Statement of Changes in Reserves
Year Ended 31 Decemb6r 2024
Income and
expendlture
reserve
Revaluatlon
reserve
Rostrlcted
resorvo
Total
At 1 January 2024
6,842,257
6,913,054
73,620
13,828,931
Surplus forthe year
769,919
769,919
Total comprehensiv8
Income
Transfers {note 18)
7.612,176
6.913,054
73,620
14,598,850
(520,632)
518,106
2,526
At 31 December 2024
7,091.544
7,431,16D
76,146
14,598,850
At 1 January 2023
6,593,T01
6,336,260
65,295
12.995,256
Surplus for the year
833,675
833,675
Total comprehensive
income
Transfers Inole 18)
7,427,376
6,336,260
85,295
13,828,931
(585,1191
576,794
8,325
At 31 December 2023
6,842,257
6,913,054
73,620
13,828,931
15

Isleworth & Hounslow Charlty Llmlted
Consolidated Statement of Cash Flows
Year Ended 31 December 2024
2024
2023
Note
Cash flow from operating activities
19
412,247
272,232
Net cash flow from operating activitles
412,247
272,232
Cash flow from Investing activities
Payments to acquire tangible fix6d assets
Acquisition of linked charity
Dividends received
Interest received
(419)
{1051
40,859
676
5,991
3,482
Net cash flow from investing activities
6,248
44,236
Cash flow from flnanclng activlties
Repayment of long term loans
(1,174)
{1,0551
Interest pald
(10,298)
110,436)
Net cash flow from flnanclng actlvltles
(11,472)
111,491}
Net increase in cash and cash equlvalents
407,023
304,977
Cash and cash equivalents at 1 January 2024
1,031,812
726,835
Cash and cash equivalents at 31 December 2024
1.438,835
1,031,812
Cash and cash equivalents consists of:
Cash at bank and in hand
1,438,835
1,031,812
Cash and cash equivalents at 31 December 2024
1,438,835
1,031,812
16

Isleworth & Hounslow Charity Limited
Notes to the Financial Statements
Year Ended 31 December 2024
Summary of slgnlfl¢ant accounting pollcies
(a) General Inforniafion and basis of preparatlon
Isleworth & Hounslow Charity Limited ("Ihe Charity"} is a charitable company, limit@d by guarantee,
incorporated in England and Wales and a private charity of soci81 housing in the United Kingdom.
The Qroup consists of Isleworth & Hounslow Charlty link8d wlth Chiswlck Parochial Charities ("CPC"}.
The address of the registered office is given on page 1 of these financial statements. The nature of the
Group's operations and prlnclpal actSvSt1as aré to provide affordablé housing in cases of need.
The Group constitules a public benefit entity as defined by FRS 102.
The financial slatements have been prepared in accordance with applicable aocounting standards
including Financial Reporting Standard 102 The Financial Reporting Standard Applicable In the UK and
Republic of Ireland (FRS 102) and the Statement of Recommended Practice for Social Housing
Providers 2018 and the Accounting Direction for Private Fiegist8red Provid8rs of Social Housing 2022.
The finanoial statements are also prepared under the r8quirements of the Housing and Regeneration
Act 2008 and the Companies Act 2006. The financial statements have been prepared on a going
concern basls under the hislorical Cost Gcnvention. modified to include certain items at fair value. The
financial statern8nts are prepared in stgrling. which is th8 functional currency of the Charity.
The significant accounting policies applied In the preparation of these financial statements are set out
balow. These policies have been consistantly applied to all years presented unless otherwise stgt8d.
The financial statement consolldates the results of the Charitable Company and its linked charity
Ghiswlck Parochial Charlty on a line by lin8 basis. All financial statements are made up to the 31
December 2024.
A separate Statement of Comprehenslve Income is not presented for the Charitab18 Company itself in
accordance with the 8xemplions afforded by section 408 of th8 Comp8nies Act 2006.
{b} Golng concem
The financial slatem8nts have b88n prepared on the going concern basis as the Trustees belleve that
no material uncertainties exist. The Trustees have considered the level offunds held and the expected
level of income and exp6nditure for the 12 months from aulhorising the financial statements.
17

Isleworth & Hounslow Charity Limited
Notes to the Financial Statements
Year Ended 31 D6cember 2024
(¢) Tangible fixed assets
Tangible flxed assets (Including social housing properties) are stat6d al cost (or deemed cost) less
accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributablg
to making Ihe asset capable of operating as intended such as the cost of acquiring land and buildings,
developments costs, interest charg@s on loans during the davelopment period and expenditLJre on
improvemenls. Expenditure on improvements will only be capitalised when il results in incremental
future benefits such as increasing rental Income, reducing maintenance cost5 or resulting in a signlficant
extension of the useful econornic life of the property.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, les5
estimated residual value, of each asset on a systematic basis over ils expected useful life as follows.,
Land
not depreci81ed
Houslng propertias- structura
Housing propertles- other components
Housing properties - furniture, fixlur9s and fittings
Office equipment
25Y.
Housing properties under construction are not depreciat8d unlil they are in us8.
The freehold property wlthln CPC Is staled at cost less provision for any permanent dlminution in value.
No depreclatlon Is provided because, In the opinion of the Truste&s, thé prop8rty is maintain8d to such
a standard that its estimaled residual value is not18SS than cost and therefore no rriat8rial depreciation
charge arises.
Major components of houslng propertles, such as lifts and warden alarm systems, have been acGounted
for and depreclated separately from the connected housing property, over their expected us8ful
economic lives and ar8 included in housing propert.ies.
The useful economic lives of all tanglble fixed assets are reviewed annually.
(d) Investment properties
Th8 Charity owns land for investment from which rgntal incom8 is derived. The land wa8 originally
dona18d and Is carried at fair value with any r8valuallon galns recognised within the Statement of
Comprehensive Income.
No d8pr8ciation or amortisation is provided in respect of freehold investment properties.
(e} Debtors and credltors receivablelpayable wlthln one year
Debtors and creditors with no stated interast rate and r6ceivabl& or payable within one year are recorded
at transaction price. Any losses arising from impalrment are recognised in the statement of
comprehensive income in other administrative expenses.
Righls of social landlords to have improvement works carried out to properties by a thlrd party (such as
a local authorltyl are recogn15ed as prepayments where payment has occurred in advance of the works
being carrled out and recelpts in advance from the same thirrj paty rgcognised as liabilities. Ass8ts
and liabilities or incom8 and expenditur8 are not offset.
18

Isleworth & Hounslow Charity Limited
Notes to the Flnanclal Statements
Year Ended 31 December 2024
If) Investments
Investments are recognised inilia51y al falr value which is normally Ihe transaction price excluding
transaction costs. Subsequently, they are measured at fair value through the stalement of
comprehensive income rf the shares are publicly traded or their fair value can otherwise be measur8d
reliably.
Igl Loans and borrowlngs
Loans and borrowings are initially recognised at the transaction price including transacticn costs.
Subsequently, they are rne8sured at amortised cost uslng the effecliva interest rate method, less
impaiment. If an arrangement constitutes a financing transaction it is measured at present value,
(hl lrnpairment
Housing prop8rties are assessed annually for impainM8nl indicators. Where Indicators are Identified an
ass8ssrnent for impairment is undertaken Comparing Ihe asset's carrying amount lo Its recoverable
amount. Where the carrying amount of an asset is deemed to ex¢88d its rgCOV8rable amount, the asset
is writt9n down to its recoverable amount, this is likely to be the value in use of the asset based on Its
service potential. The resulling impairment loss is recognised as expenditure in Statement of
comprehensive Income. Where an asset is currently deemed not to be providing serviGe potential to
the Charity, Its recoverable amount is its fair value less costs to sell.
Other assets are reviewed for impairment if there is an indication that impairment may have occurred.
(i} Provlslons
Provisions are recognised when the Charity has an obllgation at the Balance Sheet date as a r8suII of
a past event, it is probable that an outFlow of economic ban8fits wi15 be requir8d in settlement and the
amount rAn be reliably estimated.
Provisions for cyclical maint8n8nc8 or major works to existing stock are not made unless they represent
commitments or obligations at the Balance Sheet date where there is no discretion to avoid or delay the
expenditure,
U) Value Added Tax
Value Added Tax is not recoverable by the Charlty, and as such is included in the relevant costs In the
Stalement of Comprehenslve Income,
(k) Turnovèr and other Incomo
Tumover Is measured at the falr value of the conslderatlon recelved or r8c8ivable. The pollcies adopled
for the recognlllon of turnover are as follows..
Tumovgr represents r8ntal 8nd seNice charges income racaivable in the year net of rent and servlce
charge losses from voids, revenue grants from the government (Local Authorities) and Homes England,
19

Isleworth & Hounslow Charity Limited
Notes to the Financlal Stat6m8nts
Year Ended 31 December 2024
(l) Government grants
Government grants, from Local Authorities are received in respe¢l of capital exp9nditure. These grants
are recognised at the fair value of the asset received or racgivabla. Where the assets are accounted for
Using the cost model then the government grant is accounted for using the accruals model. The
diffprence between the fair value of the asset and the consid6ration is recognised as a Ilablllty and
amortised over the useful economic life of the asset. This amortisalion is recognised wilhin turnover.
(m) Employee beneflts
Vvhen employees have rendered service to fihe Charily, short-term employee benefits lo which the
employees are entilled ar8 recognised at the undiscounted amount expected to be paid in axchan9
for that service.
Employer contributions are made lo personal pension schemes for two employees of the Charity, and
these arè charged in the Stal8ment of Comprehensive Income as they accrue.
(n) Restrlcted Reserves
Restiict&d reserves are those reserves which are only expendable in accordance wkh the wishes of the
funder or regulatory body. Restricted reserves include funds raised in response to a speGlfic appeal.
During 2012 the Charity acqulred the John Flelder Haden Trust, and thls comprlses the only restricted
fund. This fund may be used to benefit residents of Isleworth, who ara in naod and who ar8 sick.
Revenue and expendlture cannot be diractly set against restrict8d reserves but is taken through lh8
statement of Comprehansive Income and then a transfer to restricted res@rv8s 18 made 88 appropriate.
(o) Judgements and key sources of estlmatlon un¢ertalnty
The following are the significant management judgements made in applying the accounting policies of
the Charity that have the most signrficant effect on the financial slalements..
Housing properties in tangibla fix8d 8ssgts are valued at deamed cost as at 1 January 2014.
Investment properties are carried al fair value, The Trustees have used valuation techniquas such as
income yield to determine Ihe carrying valua of the investment prop8rties- The approach to l&sting
impairm8nt of social housing portfolio is s8t out in section (g) above,
20

Isleworth & Hounslow Charity Limited
Notes to tha Financial Statements
Year Ended 31 December 2024
Consolidated soclal houslng turnover and costs
2024
2023
Income
Mainlenanoe contributions raceivabl8
Service charges receivable
754,141
165,924
720,171
140,248
920,065
860,419
Less: Operatlng expendlture
Routinè rnainlenance
126,233
104,295
Depreciation of housing properties
160,586
161,195
oth8r costs
183,452
229.644
Operating and net surplus from social housing activities
449,793
365,285
Void108ses
7,3Q7
19,475
Amortised govemrnent grants
37,648
37,048
Turnover
2024
2023
Contributions (Housing accommodalionl
950,406
877,992
Ground rents (non-housing a¢Gommodation)
Rental incom8 frorn non-social housing property
18,156
29,337
19.006
54.825
Value of assets acqulred on linking of charity
Donatlons and other Income
456,58Q
1.738
102.037
1,099,936
1,410,141
21

Isleworth & Hounslow Charfty Llmlted
Notes to the Flnancial Statements
Year Ended 31 December 2024
Parent charity income and expanditure account
The Charity has taken the exemption undor section 408 of the Companies Act 2006 not to present its
incorne and axpendilur& accounts as parl of these financial statements. The Charity's total income for
the year was £940,Q44 {2023'. £813,208) and its surplus for the financial y6ar was £769,918 12023..
£833,675).
Accommodatlon owned and In rnanagement
The Group owns 99 unils12023.' 99) that are used to provide affordable housing in cases of need,
Properties managed by agents
The Group owns 112023: 1) property comprising 13 units12023: 131 that is managed on its behalf,
under a leasing agreement, by Notting Hill Genesis.
Interest and other flnance Income and charges
a) Interest receivable and simllar income
2024
2023
Bank inter6St receivable
5.991
3,482
b} Interest payable and similar charges
2024
2023
Bank and oth8r loans
10,298
10.438
Consolldated surplus on ordinary activities
Surplus on ordinary activilies Is staled after (creditingllchargi ng:
2024
2023
Auditor's remuneration (including expenses and benefils in kindl
Auditor's r8muneralion (including expenses 8nd benefils Sn klndl for
non-audit services
Depreclatlon of tanglble fixed assets
Conlrlbutlons to defined contribution pension sch8mgS
Government grants
(Surplus) on fair value movement of Investments
Revaluallon movement on invgstm6nt prop8ty
18,900
16,285
48,808
180,712
10,002
(37,648
1479,1141
(77,000)
27,305
161,502
8,099
(37,048)
{593,404)
22

Isleworth & Hounslow Charity Limited
Notes to th8 Financial Statements
Year Ended 31 December 2024
Board and key management personnel remuneratlon
The Trustees consider themselves and the General Manager to be key management personnel.
The total remuneration for key management personnel, including employer's pension contributions and
employar's national insuranc& contributions, amounted to £90,407 (2023 - £78,698). No remuneration
was received by trusl8es or non.èxecutive board members,
During the year there was a Trustees, annual dinnar costing £1.30912023 - £1.003). Expenses of £Nil
{2023'. £5) were relmbursed to no (2023: one) trustee.
Group staff Gosts
The average monthly numbar of employ8es, including m8mbers of Ihe executlvg team, during Ihg year
was as follow5.'
2024
Number
2023
Number
Management and admlnlstratlon
Housing, support and care
The average number of employees, including members of the managament team, calculal6d on a full
time equivalent was 3 emplDye&s (2023 - 31 c)n the basis of a 35 hour week.
The aggregate remuneration of such employees was as follows:
2024
2023
Vvages and salaries
Social security
Other p8nsion costs
138,535
5,558
10,002
132,445
12,386
8,099
154,095
152,930
1 employee {2023'. 1) received 8rnployee benefits {excluding employer's pension contributlons and
employer's national insurance contributions) exceeding £60,000. The employee benefits fell within the
following band: £80,001 to £90,000 {2023'. On@ person in band £60,001 lo £70,000)-
The Registered Provider operates a deflned contribution pension plan for its employees. The amount
recognlsed as an expense In the year was £10,002 (2023 - £8,099). Employer contributlons of 80/0 are
made on behalf of 2 (2023., 2) of the employ8es.
No speclal pensions arrangernenls have been made for the General Manager.
23

Isleworth & Hounslow Charity Limited
Notes to the Financlal Statements
Year Ended 31 December 2024
10 Tax
Isleworth & Hou nslow Charity Limited is a registered Charity and, therofore, is not liable to income lax
or Gorporation tax on incoma or gains derived from its charitab18 activiti8s as they fall within the various
exemptions available to registered charitigs.
14 Tanglble flxed assets- houslng proportles
Group hou$lng
pr¢pgrt1¢s forlottlng
Company housing
properties for letting
Cost:
Al 1 January 2024
Additions
Al 31 Dacambar 2024
8,173,465
7,893,60D
8,173,465
7,893,600
Depreclation-
At 1 January 2024
Charge for year
At 31 Decernber 2024
1,754,242
160,480
1,914,722
1,754,242
160,480
1,914,722
Nel book value:
At 31 December 2024
At 31 Decernber 2023
6,258,743
6,419,223
5,978,878
6,139,358
The net book value of land and buildings oonpris8d.
Group
2023
Company
2023
2024
2024
Land and buildings
Fr8@hold
6,258,743 6,419,223
5.978,878 6,139,358
Social housing properties with a net book value of £948,26712023 - £980,066) have been pledged as
security for liabilities of the Charity, These assets have restricted tille.
24

Isleworth & Hounslow Charlty Llmited
Notes to the Financial Statements
Year Ended 31 December 2024
12 Group & company langlble flxed assets - other
Inve$¢ment
pwp¢r(1o9
FixtureB and Computor and
Iittlngg
offlce
Total
e4ulpm8nt
Cost or valuation..
Al 1 January 2024
548,000
24,328
16,709
589,037
Additions
Gainl(105sI on revaluation
Al 31 Decomber 2024
419
419
77.000
686,456
77,000
625,000
24,328
17,128
Depreclatlon:
Al 1 January 2024
Charge for the year
At 31 D8C8mb8r 2024
24,103
106
24,209
16,536
126
16,662
40,639
232
40.871
Carrying amount..
At 31 December 2024
625,000
119
466
625,585
Al 31 December 2023
548,000
225
173
548,398
The net book value of land and buildings comprised..
2024
2023
Investment properties..
Freehold
625,OQO
548,000
r8ngible fixed assets held at valuation
Inv8stn78nt PmP6rties
The land included in Investment properties was independently valued at £520,000 in May 2018 on the
basis of markat valua for existing uso by Perry Hill Chartered Surveyors. The land included within
Inveslment prop6rti8s was ind8pèndently valued at £610.000 as at 31 December 2024 on the basis of
market value for exlstSng use by Wlnfields Chartered Surveyors. Th8 Twslees conslder the appropriate
valuation at 31 December 2024 to be £625,000, basgd on Iha sit8's current r8ntal value. The land was
originally donated.
Details of leaslng arrangements relatlng to Investment properties are provld8d In nole 16.
25

Isleworth & Hounslow Charlty Llmited
Notes to th8 Flnanclal Statements
Year Ended 31 December 2024
13 Fixad assat Investments
Group Il$t•d
Inveslmonts
Company 11gt•d
InvB8tmgntS
Cost or valuation
Al 1 January 2024
Additions
Revaluation
Al 31 Dec&mb8r 2024
8,732,768
30,539
479,114
9,242,421
8,450,194
30,539
446,633
8,927,366
Impairment
At 1 January 2024 and 31 December 2024
Carrying amount,.
At 31 December 2Q24
9,242,421
8,927,366
Al 31 December 2Q23
8,732,768
8,450,194
The fair value of listad investm@nls is del8rminad by r6ference ID the quoted price for idenllcal assets in
an actlV8 market al thè Balance Sheet date.
14 Debtors
Group
2023
Company
2023
2024
2024
Trade debtors {gross social housing rent
arrears)
Other debtors
26,127
26,197
17,914
61,842
15,625
22,131
6,948
56,621
Amounts owed by linked charlty
16,076
79.756
37,756
79,645
15 Creditors: amounts falllng due wlthln one year
Group
2023
Company
2023
2024
2024
Trade creditors
Bank and other loans
Rents paid in advance
Government grants
Accruals and deferred income
Amounts owed to linked charity
3,938
1,277
36,161
37,646
53,208
3,938
1,277
27,744
35,247
45,548
7,077
1,146
5,530
37,646
80,091
1,146
5.530
35,247
52,462
132,230
124,413
120,831
94,385
26

Isleworth & Hounslow Charity Limited
Notes to the Financial Statements
Year Ended 31 December 2024
16 Creditors: amounts falllng due after more than one year
Group
2023
Company
2023
2024
2024
Bank and other loans
92,977
94,282
92,977
94,282
2,299,567 2,337,215 2,183,829 2,219,077
Government grants
2,392,544 2,431,497 2,276,806 2,313,359
other loans tolalling £94,25412023- £95,428) are secured by tho properties in resp&cl of which monios
were advanced.
Interest on the Raybell Court loan, advanced by Orchardbrook Limilad, is b@ing charged at 10.8750A.
Gapitsl repayments on this loan are being made blannually.
other loans Include aggregate amcunls of £84,977 (2023 - £86,352) which fall du8 aft&r five years and
whlch are payable by Instalment5.
17 Group & Company Leases
Operatlng leases- les50r
Operallng leases prlmarily relate lo a leas8 tak8n on Farnells by Notting Hill G8n8sis and a lease on the
Investment properly by a nurs8ry.
Total future minimum lease income receivable under non-cancel lable operating leases is as follows:
2024
2023
Not later than one year
Latèr than on8 and not later than five year8
Later than fivo y&ars
68.825
251,967
155,337
68,825
265,967
210,162
476,129
544,954
18 R•sorves
a) Income and expendlture reserve
The Incom9 and expendlture reserve represents cumulative surplus and deficlls net of other
adjustments. A transfer is made from the income and expenditure reserve to the revaluation reseN8
and the restricled reserv8 for Ihe market revaluation gains or105ses.
b) Revaluation reserve
The revaluation reserve represents the valuation In 1982 of the land and buildings acquired from othar
Charities and the cumulatlV8 effect of markat revaluations ofth8 quoted inv@stments.
27

Isleworth & Hounslow Charity Limited
Notes to the Financial Statements
Year Ended 31 DeG8mber 2024
18 Reserves (continued)
c) Fieslricl8d
Restrlcted funds represent monies and quoted investments transferred from the John Flelder Haden
Trust. and this comprises the only restricted fund. Thls fund may be uaed to benefit resid6nls of
Isleworlh, who are In need and who are sick.
19 Reconciliation of operating Ideficit)Isurplus to cash flow from operating actlvities
2024
2023
Surplus for the year
837,087
1,260,791
Nel assets acquir6d on linking of CPC
Interest payable
Interest received
Depreciation and impairment of tangible fix8d 8SS8Is
{Gains} on Investments
(Gains} on revaluation of investment property
lecreasel{Increasel in trade and other debtorg
Increasel(Decrea8el in trade and other cr8ditors
Investment income reinvested
Dividends received
Government grants utillsed in the year
(456,580)
10,436
(3,482)
161,502
(593.404)
10,298
(5,991)
160,712
{479,114)
{77,000}
27,432
7,686
{30,539)
(676}
137,648)
(34,778>
(14,006}
(21,199>
{37,048)
Net cash flow from operatlng actlvltles
412,247
272,232
20 Analysls of change in net fundslldebt)
Group
2023
Cash flows
2024
Cash at bank and in hand
Debt due within one year
Debt due after mora Ihan one year
1,031,812
(1,1461
(94,2821
407,023
(1311
1,305
1,438,835
11,277
(92,977)
936,384
408,197
1,344,581
28

Isleworth & Hounslow Charity Limited
Notes to the Financial Statemants
Year Ended 31 Decernber 2024
21 Financlal instruments
The carrying amounts of Charity's financial instruments are as follows:
Group
2023
Company
2023
2024
2024
Financial assets
Measured al fair value through the statement of
Gompreh8nsive income,.
Investment property (note 12)
Fixed asset listed investments {note 13}
625,000
548,000
625,000
548,000
9,242,421 8,732,768 8,927,365 8,450,194
9.867,421 9,280,768 9,552,365 8,998,194
Financial li8biliti&s
Me8sured at amortised cost
other loans (notes 15-16}
94,254
95,428
94,254
95,428
The incorne, expenses. net gains and net losses attributable the Charity's financial instruments are
summarised as foSlDws'.
Group
2023
Company
2023
2024
2024
Incom9 and exp6nse
Financial ass8ts m8a8ur8d at fair value through the
Statement of comprehensiv8 income
Financial liabilities m8asured at amortised cost
66,543
79,506
65,844
79,506
110,298) {10,4361 (10,294) (10,436)
Mgt g8ins and losses (including changes In fair value)
Financial ass8ts measured al fair valué through the
statemenl of comprehensive Incom8:
Listed investm8nts
479,114
77,000
593,404
523,632 588,096
Investrnent property
29

Isleworth & Hounslow Charlty Llmlted
Notes to the Financlal Statements
Year Ended 31 December 2024
Linking of Chiswick Paro¢hial Charity
On 161h February 2023, the Charity linked with Chi8wlck Parochial Charity, which is a registered
charity. Their activities include the provision of comfortable, affordable housing for eligible people
living within the London Borough of Hounslow.
The costs of Ilnklng was £nil and the value of net assets acquired are shown ss income in the year
totalling £456,580.
The n81 assets acquired as at 16th February 2023 are as follows..
2023
Flxed Assets
Tangible 8ssels
Investments
279,865
277,433
Current assets
Trade debtors
other debtor5
Gash at bank and in hand
9,455
2,334
40,859
Creditors: amounl falllng due wlthln one yaar
Accruals and oth8r cr8ditors
Rents paid in advanc8
Development creditors
(30,404)
(625)
(2,399)
Creditors: amount falling du8 after more than one year
Development creditors
119,938
456,580
23 Related party transactlons
During the year, Isleworth and klounslow made payments of £173.53112023: £71,919} and recelved
receipts of £165,20012023.. £55.844) on b8half of Chiswick Parochial Charlty. During the year, CPC
mad8 P8ym8nts of£31,484 {2023L £nll> on behalf of Isleworth and Hounslow,
As at 31 December 2024, Isleworth and Hounslow owed £7,07712023.. £16,076 owed by Chiswick
Parochial Charity to Isl6worth and Hounslow) to Chlswick Parochial Charity.
30