Company Registration No. 064282401En9land and Wales) THE PONTESBURY HOUSING TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 *AEHYVCIG• 2211212025 COMPANIES HOUSE A33
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THE PONTESBURY HOUSING TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Philip Bradley Mrs J Cooke Rev S M Small Mrs R Coward (Appointed 13 May 2024) Secretary Mr M Davies Charity number 1123799 Company number 06428240 Registered office Meadow Brook Little Minsterley Shrewsbury Shropshire SY5 OBP Independent oxaminer James Holyoak & Parker Limited 1 Knights Court Archers Way Battlefield Enterprise Park Shfewsbury SY13GA
THE PONTESBURY HOUSING TRUST CONTENTS Page Trustees. report Independent examinels report Statement of financAal activities Balance sheet Notes lo the financial statements 9-16
THE PONTESBURY HOUSING TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report and financial slatements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Pradice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)"
THE PONTESBURY HOUSING TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Objectlvos and actlvitiè8 The Pontesbury Housing Trust ("the Trusl") is a charity, with a Christian ethos for public benefit. The primary purpose of the Trust is to provide good quality tenanted accommodation for people with learning disabilities, at reasonable rents. Providing housing for vulnerable people benefits society and we believe that society as a whole benefits from people with learning disabilities livin9 in, and contributing lo, Ihe local community. The charity aims to assure all tenants have a home for life if Ihey so wish. The charity is non-discriminatory and inclusive, providing lenancies based on need. The charity took over the property portfolio of Ihe Pontesbury Proiecl {Charily number 702609) in 2009, when the lormer charity gifted freehold and leasehold property to the Ponlesbury Housing Trust. The charity owns freehold properties in Ponlesford. Pontesbury, Minslerley and a renlal property in North Wales, A summary of properties owned by the charity is as follows.. Property U$0 Potential No. o ervlce U8ers Ctual No. o ervico Users ork don• in ear Notes Heathlands Housing Decoration due shlea ousing Decoration mpleled 2024 Pine Crescent Housing Oecoralion ompleled 2024 Sunnybank Housing Decoration ompleled 2024 Single servic needed for PWS Sunnycroft Housing Single seNi needed for PWS he Barn Housing Decoration due he Cortage Housing he Spinney Housing he Granary Housing Ember Rise Housin9 Refurbishmenl Meadowbrook-Flat Housing Decoration an new carpets Ja 024 Meadowbrook-offices Office e Byre Offi Meeting Room Decorated Ja 024. Som dditional wor needed Llan Yr Eifl Rental Rented Commercially
THE PONTESBURY HOUSING TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees confirm that they have complied with the duty in section 4 of the Charities Act 201110 have due regard to the public benefit guidance published by the Charity Commission. Golng concern On 1 JLJIY 2025, the operation of the organisalion was transferred to Walsingham Support, a registered Charity in the UK (Company registered no. 02016251 in England & Wales, Charity registered number 294832). As at the date of approval of these financial statemenls, there has been no break or thange in the operation of the charity's activities, and the intention is very much for this to conlinue. Achlovom•nts and perforniance Flnanclal revlew The Pontesbury Housing Trust is committed to providing Christian care in the community by providing high quality accommodation lo vulnerable people. The Ponlesbury Housing Trusl does not provide a support service for tenants but does provide tenarbt5 with an inténsive property management service. The Charity has a close working relationship with the Pontesbury Project for People with Special Needs as described on page 4 of this report. Thi$ symbiotic relationship is key to the succe55 of the Charily because our tenancie5, which are intrinsically linked to support, are exempt from the housing benefit cap which means thal we can provide affordable accommodation lo people with disabilities. Total income of £161,118 included rental income of £144,734. Whilst there was a slight fall in rent resulting from a reduction in occupancy rale. but a ¢onsistenl level of income from interest and recharge of laundry costs. Expenditure of £151,110 included a depreciation charge of £59,946 on freehold property resulting in a recorded surplus for the year of £10,007. It Is an accounting requirement lo depreciate freehold properties, even if the properties relain Iheir value over the period of ownership. For this reason, the Trustees commission periodic property revaluations so that the freehold propety is reflected at a fair value in the accounts. The property portfolio was revalued at the yearaend resulting in a revaluation increase of £457,847 and a resulting balance sheet value of a freehold property of £3.942 million {2024: £3.482 million). Al 31st March 2025, the balance sheet value ol freehold property was £3.482 million. The Charity remains in financially strong position with net current assets of £476,187. Looking forward to the future we are planning to carry out a program of redecoralion and updatlng induding refurbishment of one ol our properties lo better accommodate people who we care for. There is scope to increase letting income as some of our properties are let at below market rent, Reserves pollcy At the year end, lotal reserves amounled to £4.418,3S9 includlng tangible fixed as$et$. The Iree reSerS amounted 10 £476,187. The trustees have reviewed the Charity's needs for reserves in line with guidance issued by the Charity Commission. The trustees consider il prudent that unrestricted reserves should be sufficient.. To avoid the necessity of realising fixed assets held for the Charity's use. To cover a minimum of 12 weeks wnning Costs to ensure that the Charity can run efficiently and meet the needs of tenants. To finance any specific projects to be undertaken in the short or medium temi. including the development or purchase of further properties. To provide financial se¢urily for tenants living in leasehold property. Investment policy Cash in hand is needed to covef the running costs of the charity. Cash is invested in safe, short notice accounls with major recognised banks and building Societies.
THE PONTESBURY HOUSING TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Future developments On 1 July 2025, The Ponlesbury Housing Trust and Pontesbury Project for People with Special Needs became subsidiaries of Walsingham Support by way of merger. Walsingham Support is a registered charily (294832) whose activilies are aligned with The Pontesbury Project's charilable aclivilies. In considering the merger, the Trustees agreed the need to secure the longer-term ¢harilable objectives into the future and ensure the seNices and tenancies being provided are suslainable from a financial and quality perspective. The Ponlesbury Housing Trust and Ponle$bury Project for People with Special Needs becam8 subsidiaries of Walsingham Support on 1 $1 July 2025 with on objective of the transfer over of continuing operations. assets and liabilities lo become a single operating entity, resulting in the future voluntary dissolution of the charlty and company shells for The Pontesbury Housing Trusl and Pontesbury Project for People with Special Needs. Structure. govemance and management The Ponlesbury Housing Trust was incorporated on 15 November 21x17 (Company Number 06428240) and is company limited by guarantee. The company was awarded charitable status in May 2008 and is registered with the Charrty Commis51on (Charity Number 1123799). The company is constituted under a Memorandum of Asso¢ialion. The Trustees, who are also the directors lor the purpose of company law, and who senied during the year and up to the dale of signature of the financial statements were.. Mr Philip Bradley Mrs J Cooke Rev S M Small Mrs R Coward {Appointed 13 May 2024) We continue to seek to recruit more trustees to slrenglhen the board. R•¢rultm•nt and appointm•nt of Tru•t•¢8 A prospective Direclorrrrusteè Is required to be a practlcing Chrlstian and is appointed by the seNlng Directorsl Trustees. New Trustees visit properties owned by the Trust and attend a management meeting before appointment. This helps them to understand the nature and work of the Charity. Trustees have a role description and subscribe lo a code of conduct. All Trustees have access lo Charity Commission and NCVO publications and resources and keep up lo dale, attending training courses when able. Board members have a varied skill set and are well qualified to manage the work of the Charity. In 2018 the Trustee carried out a skills audit to ensure that all requisite skills were represented on the Board. All Trustees are passionate about meeting the needs of people with learning disabilities in the communily. Trustees receive no remuneration and meet within the Management Committee to receive reports, review the activities of the Charity and plan for fvture developments. Managem•nt of the Charlty The Board of Trustees meets regularly through the year snd up to Iho merger date lo oversee the work and development of the Charity. The Senior Management Team were appointed lo be responsible for the day to day running of the Charity. Mrs Helen Haigh was the appointed Registered Manager and CQC Nominated Individual and advised on the accommodalion needs of our tenants through the year. Payment of key personnel The Ponlesbury Housing Trust does not directly employ staff but utilises. and remunerates for. the services of the management and administration team of the Pontesbury Project for People with Special Needs.
THE PONTESBURY HOUSING TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Relatlonshlp with related partles The Pontesbury Housing Trust shares a close working relationship with the Pontesbury Project fof People with Special Needs. It is a requirement of all licenses that tenants receive a support package funded by the Local Authority. 11 is the responsibility of the Trust to ensure that tenants are supported by a suitable and registered provider. The care provider for Our tenants is The Pontesbury Project for People with Special Needs which gives an exceptional and bespoke support service for all our tenants, is registered with the Care Quality Commission and rated as "good. in all areas. Statoment of Tru$tee8' responsibllltles The Trustees. who are also the directors of The Pontesbury Housing Trust for the purpose of cnmpany law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom A¢countlng Standards (United Kingdom Genefally Accepted Accounting Practice). R18k management The Trustees have a duly lo identify and revlew the risks to which the Charity is exposed. Ourlng Ihe year. the Board revlewed all risks and ensured that systems and procedures are in place lo mitigate and manage those risks. The Trustees considered that there were no risks identified that would be likely to significantly affect the Charily's abillty lo continue its activities. Disclosure of infornlation to the independent examlner Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the independent examiner, but of which they are unaware. They have further confirmed that they have taken appropriate steps to idenlify such relevant information and to establish that the auditor is aware of such information. The report has been prepared having taken advantage ol the small companies exemptlon In the Companies Act 2006. The Trustees, report was approved by the Board of Trustees. J Cooke Trustee 12 Decembei 2025
THE PONTESBURY HOUSING TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PONTESBURY HOUSING TRUST I report to the Trustees on my examination of the financial statements of The Pontesbury Housing Trust (the charily) for the year ended 31 March 2025. Re8pon8lblliti•8 and bas18 of report As the Trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements In accordance with the requirements of thè Companies Act 2006. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 18 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity's financial slalements Carried out under section 145 of the Charities Act 2011. In Carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5)(b) of Ihe Charities Act 2011. Independent examlnef8 Statement I have completed my examination. l Confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting recoTd$ were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the finan¢lal statements do not accord with those rerds. or the financial statemenls do not comply with the accounting requirements of seclion 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination,. or the financial statements have not been prepared in accordance wilh the melhods and principles of the Statement of Recommended Practice for accounlin9 and reporting by charities applicable to charities preparing their financial statements In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connedion with Ihe examination to which attention shoul drawn in this report in order to enable a proper understanding of the financial statements lo be reached. Mr Robert Humphr6ys BEng FCA for and on behalf of James Holyoak & Parker Limlt¢d Chartered Accountants 1 Knights Court Archers Way Battlefield Enterprise Park Shrewsbury SY13GA Dated: 12 Derkmber 2025
THE PONTESBURY HOUSING TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 202S Unrestricted funds 2024 Nole$ Income from: Donations and legacies Charitable activilies Investments 21 150.940 10.156 21 157,626 10,035 Totsl Income 161,117 167.682 Expendlture on: Charitable actiwties 151,109 133,916 Total expendltur• 151,109 133,916 Net Incomo 10,008 33,766 Other recognlsed galns and losses: Revaluation of tangible fixed assets 246,045 Net movement In funds 256,053 33,766 Reconciliation of funds: Fund balances at 1 April 2024 4,162,306 4,128,$40 Fund balanc•8 at 31 March 2025 4,418,359 4,162.306 The statement of financial activities includes all galns and losses recognlsed in the year. All income and expendllure derive from ¢onlinuin9 activities.
THE PONTESBURY HOUSING TRUST BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 12 3.942,172 3,487,537 Current a$89ts Debtors Cash at bank and in hand 13 13,099 515,237 2,617 675,153 528,336 677.770 Credltors: amounts falllng du• wlthln one year 14 (52,149) {3.001) Net current assels 476.187 674,769 Total a88ets less current liabllltles 4,418,359 4,162,306 In¢ome funds General restricted funds Revalualion reserve 9,879 (9,879) 9,879 (9,879> nr ricled funds General unreslricled funds Revaluation reserve 3,703,443 714,916 3,893,435 468,871 4.418,359 4,162,306 4,418,359 4,162,306 The cornpany is entltled to the exemption from the audit requirement contained in section 477 of the Companles Act 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting record5 and the preparation of finanual statements. These financial statements have been prepared In accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 12 December 2025 J Cooke Trusteo Company registration number 06428240
THE PONTESBURY HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting poli¢ie$ Charlty Infomiatlon The Ponlesbury Housing Trust Is a prlvate company limited by guarantee incorporated in England and Wales. The reglstered office is Meadow Brook, Little Minstertey. Shrewsbury, Shropshire. SY5 OBP. 1.1 Accountlng conventlon The financial slatements have been prepared in accordance with the charity's goveming document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (°FRS 102") and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir8land (FRS 102)" {8ffeclive 1 January 2019). The charity Is a Public Benefil Entity as defined by FRS 102. The charity has taken advanlage of the provisions in the SORP for Charities not to prepare a Statement of Cash Flows, The financial statements are prepared in sterfing, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial slatemenls have been prepared under the historical cost convention modified to indude the revaluation of freehold properties and to include investment properties and ¢ertain financial instruments at fair value, The prlnclpal accounting policies adopted are set out below. 1.2 Golng concern Al the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for Ihe foreseeable future. Thus the Trustees Continue lo adopt the going Concern basi$ of accounting in preparing the finanaal statements. 1.3 Charltable funds Unrestricled fur)ds are available for use al the disuetion of the Trustees in furtherance of their charitable objectives. Restricted fvnds are subject to specific conditions by donors or grantors a$ lo how they may be used. The purposes and uses of the restricted fvnds are set out in the notes lo the financial slatoments. 1A Income Income is recognised when the charlty is legally entitled to it after any performance Condrtions have been met. the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or olherwise rf the charity has been notified of an impending distribution. the amount is known, and receipt is expected. If the amount is not known, the 18gacy is treated as contingent asset. 1.5 Expendlture Expenditure is accounted for on an accruals basis and has been classified under headings Ihal aggregate all cost related to the category. Where costs cannot be directly attributed lo particular headings they have been allocated to activities on a basis consi51ent with the use of resources.
THE PONTESBURY HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Contlnued) 1.6 Tanglble fixed assets Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation, net of depreciation and any impairment105ses. Depreciation is recognised so as to write off the Cost or valuatlon of assets les$ their residual values over their useful lives on the following bases-. Freehold land and buildings Fixtures and fittings 2.5 /0 on cost 33.SOOA on cost Freehold land (213 of total 'Freehold land and buildings. cost) is not depreciated. Buildings {113 of total 'Freehold land and properties.) are depreciated at 2.50h on cost. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and Ihe carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impalrment of fixed asg0ts At each reporting end date, the charlly reviews the cafrying amounts of ils tangible assets to determine whether there is any indication that those assets have Suffered an impaimienl loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equlvalents Cash and ¢ash equivalents indude cash in hand, deposits held al call with banks, other short.term liquid investments with original maturities of three rnonths or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnanclal In8trum•nts The charity has elected to apply the provisions of Section 11 'Ba51c Finan¢lal Instrumenls, and Sects'on 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial inslmments are recognised in the Charity's balance sheet when the charity becomes paty to the contractual provisior)s of the inslrurnent. Financial assets and liabilities are offset, with the net amounts presented in the financial statements. when there is a legally enforceable right to sel off the rewgnised amounts and there is an intention to settle on a net basis or to realise ihe asset and settle the liability simultaneously. Baslc Ilnanclal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al transa¢tion price including transaction costs and are subsequently carried at amortised cost using the effeclive interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a markel rate of interesl. Financial assets classified as Feceivable within ¢Jne year are not amortised. 10-
THE PONTESBURY HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontlnued) Basi¢ financial liabilitie$ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement ¢onslilutes a financing transaction, where the debt instrument 15 measured at the present value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligation$ to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as Current liabilities if payment is due within one year or less. If not, Ihey are presented as non-¢urrent liabilities. Trade creditors are recognised initially at transactlon price and subsequently measured al amortised cost using the effective inlerest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.10 Taxation The charlly is exempt from corporation tax on ils charitable activities. 1.11 Fund accountlng Unre$lTicled funds can be used in accordance with the charitable obJ8clives al the discretion of the trustees. Reslricled funds can only be used for particular restricted purposes within the objeds of the charity. Reslrlctlons arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund Is included in the notes to the financial statements. 1.12 Debtors Prepayments are valued at the amount prepaid. Accrued income is recognised at the settlement amount due. 1.13 Credltorn Creditors and provisions are recognlsed where th8 charity has a present obligation resulting from a past event thal will probably result in the transfer of funds to a third party and the amount due lo settle the obligation can be measured reliably. Credilors and provisions are nornially recognised at their settlement amount. Crltlcal accounting estimates and Judgements In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors thal are considered to be relevanl. Actual Tesults may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revislons lo accounting estimates are recognised in the period in which the estimate is revised where the revision affeds only that period, or in the period of the revision and futuwe periods where the revision affects both current and future periods. 11
THE PONTESBURY HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 In¢ome from donations and legacies Unrestri¢ted funds 2025 Unrestrlcted fund8 2024 Donations and gifts 21 21 In¢ome from charltable activitie8 Unre•trl¢t•d Unre$trl¢tsd fund$ funds 2025 2024 Charltable income Sale of goods SeDii¢es provided under contract 144,734 6.206 150,495 7,131 150,940 157,626 Income from Inv•¥lment• Unrn•trl¢tsd Unro$trl¢ted fund8 fund$ 2025 2024 Interest receivable 10,156 10,035 12-
THE PONTESBURY HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on charltable activities Charitable Charitable expenditufe expenditure 2025 2024 Direct costs Depreciation and impairment Premises General Bank fees 63.158 44,427 39,762 35,601 52,093 41,119 52 147.347 128,865 Share of support and governance costs (see nots 71 Govemance 3.762 5,051 151,109 133,916 Analysls by fund Unreslricled funds 151,109 133,916 Support costs allocated to actlvltles 2026 2024 Govemance costs 3.762 5,051 Analysed beiween: Charitable expenditure 3,762 5,051 Net movement In funds 2025 2024 The net movement in funds is staled after ¢harglngl{crediting): Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fed assets 1,399 63,158 2.328 35,601 Trusteos No trustees, remuneration or other beneffts were paid to any irustees for the year ended 31 March 2025 nor for the year ended 31 March 2024. There were no trustees, expenses paid for the year ended 31 March 2025 nor for Ihe year ended 31 March 2024. 13-
THE PONTESBURY HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number Total There were no employees whose annual remuneration was more than £60,000. 11 Taxation The Charity is exempt from taxation on ils activities because all its income is applied for charitable purposes. 12 Tanglblo flxed assets Fr••hold land Flxtur•• •nd nd bulldlngl flttlngs Tot•1 Cost or valuatlon At 1 April 2024 Revaluation 3,602,045 337.955 131,739 3,733,784 337,955 At 31 March 2025 3,940,000 131,739 4,071,739 Depreciation and impairment At 1 April 2024 Depreciation charged in the year Revaluation 119,892 59,944 (179,836) 126,353 3,214 246,245 63,158 (179,836) At 31 March 202S 129,567 129,567 Carylng amount Al 31 March 2025 3,940,¢X)O 2,172 3,942,172 At 31 March 2024 3.482,153 5,384 3.487,S37 The freehold properties were revalued at 14th April 2025 by Halls Holdings Limited. Although the valuation5 were performed post year end, the values are not expected to have materially changed from 31th March 2025 to 14th April 2025 and so these values have been included in the accounts. At 31 March 2025, had the revalued assets been carried at historic cost less a¢¢umulaled depreciation and a¢cumulaled impairment losses, their Carrying amount would have been approximately £2.454.024 (2024 £2,532.040}. The policy of the charitable company is to only capitalise items of Capital expendrture over £500. 14-
THE PONTESBURY HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Debtors 2025 2024 Amounts falling due withln onè year: Prepayments and accrued income 13.099 2,617 14 Creditors: amounts falling due wlthln one year 2025 2024 Accruals and deferred income 52.149 3,001 1 S Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants whlch are not subject to specific conditions by donors and grantors as to how they may be used. These include deslgnaled fund5 whlch have been set aside oul of unreslricled funds by the Iruslees for specific purposes. At 1 Aprll 2024 Incomlng resourcos Resources expended Galns and At 31 March losses 2025 General funds Revaluation reseprfe 3,693,435 468,871 161.117 (151,109) 3,703,443 714,916 246.04S Prevlous ye•r: At 1 Aprfl 2023 Incomlng rosource• Resources •xpended Galns and At 31 March Ioss08 2024 General funds Revaluation reserve 3.659.669 468.871 167,682 {133,916) 3,693,435 468,871 15-
THE PONTESBURY HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Analysls of net assets between funds Unrestricted funds 202S At 31 March 2025: Tangible assets Current asselsl(liabilities) 3.942,172 476,187 4.418.359 Unrestrlct•d fund• 2024 At 31 March 2024: Tangible assets Current asselsl{liabilities) 3,487,537 674,769 4,162,306 17 Related party tran8action8 During the year the charlty entered into the following transactions with related parties: The Ponlesbury Housing Trust shares a close working relatlonshlp wlth The Pontesbury Project for People with Special Needs (PPSN), another charitable Company that supports people with le8mlng and other difficulties. The Pontesbury Housing Trust is landlord of property rented by PPSN and also of service users supported by the Domiciliary Care Agency operated by PPSN. During the year PPSN paid rent of £27.000 (2024- £27.000) to The Pontesbury Housing Trust for Ihe various properties rented. The Pontesbury Housing Trust pays a service charge to the PPSN for administrative services, use of a vehicle and maintenance Gharges. Dunng the year £30.312 {2024- £33.312} was paid for these services. At the year end £nil is due fromno PPSN (2024- £nil was due to PPSN). 16-