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← Brighton And Hove Seaside Community Homes Limited

2025-03-31-accounts

Bi'ighton & Hove Seaside Coininiinity Hoines Liinited TRlJS'fEES'/DIRFCTORS' 111.'I)OII1' AND fiNANCIAL STA"1 EMI.:N I S ITryear"ended l-march 2025 CIIiL rit). rcgislriiliuii niii))bcr No. 1133436 Coiiipaiiy Registration No. 06861227

C'.liarily r¥gi%lr¢11ioii Iiiii)Ib¢r No. 1133436 C.OlllP<111>' Regislralioii NTO. 06861227

Brighton & Hove Seaside Coinmunity Hornes Limited LE(iAL ANI) ADMINISTIIATIVE INFORMATION DIRECTORS C J Carlisle {Cliair) F A Baglioil) C l El-Sl)abba L J Holdei) M A Jasper E Lougl)ran P O'Divyer K ￿] Pickett P S Ivoodgale CHIEF EXECUTIVE OFF ICER S Biilbeck CoiklPANY NU￿[ElER 06861227 CI IARI'fY NUNIBF.R 1133436 REGISTERED OFFICE AND OPERA'fioNS ADDRF.S8 Uiiit F, Hove Tecliiiology Cei)Ire Si Josepli's c.lose F.asl SLlSSe. E3N37LIS AUDI"IOR C.l)l( riol I loiise Liiiiile(I, 44 Cjraiid Pl¢ T<ide Ilrib?liion East Siissex BN2 9QA SOLI('.I I'OIIS Troivcrs & I laii)liii Loiicloii ECIY 8YZ BANK S<inlciiider UK PIC 2 Tiiloii SqiiiL re Regtreiit's Pl?( ce Loi)doi) NWI 3AN FINANCIAL ADVISORS RS￿1 Corporate Fin<iiice LLP 6, Floor 25 farringdoii Street Loiidoii EC4A 4AB

Bi"ighton & Hove Seaside Community Homes Liinited TRUSTF.F.S' ANI) IllllTri,C-I"ORS' Rl.i POR-r ror tlie yeai. elided 31 Mai'ch 2025 Tlie Iriistees, Ivlio are c11so dire¢lors of tl)e c111( rily for Ilie piiri)oses of Il)e Coiiip1( Iiies Act, preseiil Ilieir aiii)Iial report aiid Ilie fiiiaiicirfil slaleii)enls for Ilie ye<1r ended .1 l Nlarcli 2025. Tlie Irlislees coi)firni Ili?c I Iliese 4iccoiiiiIs Coiiiply iviili ciirreiil slaliilory Teqiiirenieiils, Ilie Financial Reporling Siaiidaril 421)1)liLable iii Il)e U. k. illi(l Repiiblic of Irelc?iiil (FRS102) (effL'LIivL from l Jai)Il<iry 2019) folloiviiig Ihe C.1141rilies SOIIP, ￿lI7d iviil) Ilie leriiis of Ilie eoiiii)I21)y's Nlenioric iidiin) ai)d Articles of AssoLialioii iiiicler ivliicli il is goveriied. Tlle Iriislees liave h¢1d dlie regil rd lo Il)e piiblic beiiefil giiidai)ce piiblisl)ed by Il)e Chftrily Coiiiiiiissioii. STRUCTURE Tlie cli¢1rily is a coiiipaiiy lii))iled by gLl&if<21)lee islered ¢1S ?( cli¢lrily 0114 J1( 1)111¢ ry 2010. Tlie cl)¢irily is a Piiblic Beiietil Eiilily. TRUSTEES Tlie folloiviiiLY Iriislees have hel(l office siiice l April 2024: J D Allcii F A tIlL k?l)oih C J Carlisle tritrs L J Holder) (Rcsigii)ed 1312125) IAppoii)led 1014125) (' NIoqLi¢I P O, l)IvJ'er K Nl Pickell P S Illoo(Igiale (Il¢sig?i)ed 1019124) (Appointed 28110124) STRUC.TURF, GOVERNANCE AND ￿lANAGE￿IENT BOARD OF 'I'RUS'fLES (DIIIECI'ORS) I'lie bocqr(l of Iriislecs is respoiisiblL for Il)e slrcileL)ic dii'eclioii, gJovci'i)c)iice, aiiil pei'foriiiilllLe i)ioi)iloriiibJ ol. Il)e org¢llllS¢11ioii. li iiieels foiir liiiius i)Li year. Uii(ler Ilie reciiiireiiii'iils of Ilic Nleiiioraii(Iiii)I l)d ArliLlcs of AssociiL Iioi), bo(1rd Iiieiiibers are coii)i)rise(l of13rig,liloii & I love c.ity C.oiiiicillors, C.oiiiicil 'l'eiiaiils, aiiil Iii(lei)eiiileiils. 'I'o bc qiiori£ le Iliere ii)Iis1 be (11 le<lsI five bo(?r(I iiieiiibers i)reseiil ivl)ei) bol¢ rd Ilecisi011s are 111(Iile. I'lie (1<1J-lo-d(qy IllÉlll¢lgJL'iiiei)l of Ilie orgcl1)isalioii is delegated lo 11)e Chief Execiilive. RECRUITfvIENT AND APPOINTNIF.NT OF TRUSTFF.S (DIRF.C.TORS) Coiii)cillor bocird 11)eiiibers (ire appointed by Briglilon & Hove City C(Triiiicil (BHCC). Tlie coiiiicil1ii( 5 Ilie riglil lo appoiiil aii(I ren)ove Ilie coiii)cil board i)iei))bcrs ii)(lepeiidei)l of aiiy rigpl)Is council conipic l)y iiiei))ber5 tnay l)¢lV¢. Coiii)cil I'e111i Ills Illiq}' sei've Ilirce leriils ol Ilii'ce yeic rs. TIICJ, < re clecled lo Ilie bo&ird as a rcsiili of seleclioii b). eoiiiicil len(2111 arec1 P<liie15. Iiidei)eiiileiils are recriiiled by iva}, of 01)eii adverliseiiieiil and iiiay serve Iliree leriiis of Iliree yeiqrs. Tliey ¢1re recriiiled foT 11)eir lecliiiici( l eiperlise iii Telev(11111< re<lS 511cIi ¢lS1I0115ii)g,11( Iv, develoi)iiieiil, fiii¢iiiie, 4211(1 l)Illll<l1I resoiirces. All Iriislees receive clll iiidiiclioi) brietll)gF Iviili refereiice lo relevaiit dociiiiiei)Is ii)cliidiiig exleri)al giiidiL l)ce Ll11(I (ire cncoiircigJed to Ilei)d Iraii)iiig iii relalioii lo tl)eir resi)01)sibililies a5 a Iru51ee. All Iriislees gFive11)eir liiiie voliii)Ic?rily ciiid receivc iio bei)efils.

Brighton & Hove Seaside Community Homes Liinited I"Iius"rLLS' AND DIRECTORS, IIEI)OIIT oi. tlie year ended 31 Mcqi-cli 2025 REMUNERA'fioN OF SENIOR STAFF Tlie i)ay of sei)ior sl¢1ff is sel by Ilie board of Irlislees. Iii vieiv of Ilie naliire of tl)e charil}', Ilie coniplexily of ils fii)li ncial i)iodel ¢111d ilie expertise reqiiirLd, Ilie Iriisiees beiicliii)2c rked ag4lin81 seiiior housingN role5 in Ilie piiblic sector. PARTNERSHIPS I'he company ivorks iii partnership iviil) Brigl)ton & Hove City Coiiiicil lo deliver services IliiTrl efyeclivel }' address l)01))elessi)ess in13riglilOI) & Hove. Tl)e partnersliii) is a key filclor iii Il)e siiccess of Ihc organi51¢ lioi) so far aild is esseiilial 10 conlii)IiinB the provision of g11iiable siib.liiarkel rei)led l)ousiii¥ for lioiiieless people. PUBL,IC BENEFIT Tlie Charitie5 Acl 201 I reqLiires all eliarilie5 to consider expliciily lioiv Il)eir eliarilcible aiiiis are carried out for tl)e PLiblic benefit. Tlie boil rd oftrlislees iiiiisl: eiisiire Ilial they carry oiit Il)e aii)Is of Briglitoii & Hov¢ Seaside Comniiiility Hoi))es for Ilie piibli¢ beiiefil- have rd lo Ilie Cl)¢lrily C.oiiiiiiission's gJLiid(Iiice oli piiblic bci)¢fil' aiid report on Briglilon & Flove Seaside C.oniii)Iiiiily Hoi)ies' public benefit in Il)e trustees, ani)Lll( I report. Tl)e bo¢lrd of Iriislees l)a5 considered Iliese reqiiireilieiits aloiigpside Ilie coii)paiiy's charil?( ble piirpose aiid ils aclivilies, all of ivliich llre del(iil¢(l iii Iliis report. It is lisfied 11114 1 Ilie coi)Ipaiiy has cliarilable <1il))s Ilial ¢2re carried oiil for tlie piiblic beiiefil, it) parli¢LIIIK r: h7tdualrll￿-hMiIicr￿rC"c1efir and.in liiie.wi117.lhtrgonipail￿¢lwilabl obje¢lives' ri(Itrlo the aims. and E3ENEFICIARIES Tl)e coiiiii(Iiiy coiiiiii¢iiced ils Ill£iin activities 011 l Novei)Iber 201 I, and al Ilie lin)e of ivriliiigy Iliis rei)orl 11)¢ Loi)11)(Illy )as <i¢qiiireil (In(1 refiirbisliL'(1499 properties, Ivl)icli liav¢ beeii siibseqiiei)Ily let lo lioii)eless sii)gle peoi)le or lioii)ele55 RISK ￿lANAGE￿IENT AND IN'fF.RNAL CONI"ROI.S Tlie board of Iriislee5 is responsible for ei)surii)gF Illal Il)e coiiipaiiy oper(Ites efteclively aiid aeliieves ils objectives. 'fiie b047rd ackiioivleilgyes Il)eir Iiliiiiii¢ le respoiisibilily for eiisiiriiigj 1112( I Ilie ¢oi)11)cgliy I)IlS ill i)l<i¢e a s0111)d sysleiii of iiilerii<11 coiilro15 11)Ic t are c?ppropriale lo Ilie varioiis biisiness ei)vironmeiils iii ivhich il operates. These coiilrols fociis oli the sigi)ili¢(2nl risks Illic t Ilirerfileii 11)e ¢oi)IPclny's bilily lo meet 115 objectives aii(I provide reasoncible a55ufiK lice iviili respecl lo.. Ilie reliability ofkey ii)forii)alioii Iiiid perform?c IlC¢ ii)dicators iised ivitliii) the conipaiiy or for piiblicalioii, Ille InLiinteii(1nce of proi)er records,. tlie S<ifegJiicir(liiig of assels ' risks Ilial iiiigJlil i)reveiil Il)e coi)Ipaiiy RcI)ieviii&F ils objectives (?iid Il)iil Iliese i)roLeiliires 1112( llcige siicl) risks ?( lid Iniligale Il)eir effeLls. 'fiie conipilliy Iiils 1111( IILigeiiieiil Rrraiigei))eiils, resoiii'ccs, ski115, ai)(I sysleiiis tlic21 are 1<1)iJroi)riale lo tl)e circiiii)slaii¢es, scale 471)d scope of its oi)cf¢ilioiis Ic l)d eiisiires Ili<l1 ils elivities are backed by proper systeii)s of a5surai)ce for iiitenic11 ¢01)Irol. The iiiajor risks lo ivliich tlie eoi)ii)any is exposed, as idei)lified by Ilie Inislees, liave bceii revieived ai)d sysleiiis or PToce(ILires liave been eslablislied to Ill<lll¢?ge Iliose risks. The COliiPilli} s risk n)li n(2b?eii)cnl ai)d risk i(lei)lificalion activities provide ssiirance Ihal Ilie coiiipaiiy is fociising on .Ind idenlifyiiig Ihe key risks Il)Ic I Ilire(Ilen Il)e <2111iinii)enl of Ilie coiiipaiiy's biisii)ess objectives. Aclivilies coiiii)Ti5e'.

Bi"ighton & Hove Seaside Coinmunity Homes Limited TRUSTEES, AND DIREC'I'ORS, IIF.PORT or tlie yL",21' ended 31 MarLh 2025 the iiiainlenaiice of risk register an c2111lllcl1 r¢vieiv of fii)ai)Cl(11 ¢01)Irols a qiiarlerly board I'evieiv of the prii)Lipal risks and uncerli( Illties Ilial tlie conipaJ)y faces Inoiiilily Iii#i)clgcn)eiit revieiv of all risks the esl<1blishii)eiil ofpolicies, sysleiiis, aiid proLe(ILiies lo mitigc11e Ih05e risks. aii(I the iiiiplei))ei)lalioi) of procediires desigiied lo Iiiiiiiiiiise or Iiiaiiage any poleiili￿l iii)pa¢l 011 11)e compaiiy slioiild tliose risks Iiialerialise. Tliese aelivilies l)ave ideiilified 1111£ I Ilie k¢y fili?￿ IICl¢11 risk for Ilie COlliP<111y IS ilieeliiiu ils 101111 coveii4liils sel oiil iii ils F<i¢ilily Agreeiiieiil. Tlie key eleiiieiil of niai)cigJjiig Il)is risk is Close iiioiiitorii)gTr aii(I revieiv of the conipilllj S perforii)an¢¢ ab?1t iiist Ilie finaii¢i(11 Iiiodel I1g?reed iviili ils leilder, by sei)ior mcTrl)Iigen)eiil (2nd fiii(11ICi411 advisors, eiisliriiig that Iliere are SLiffiLiei)I fliiids lo ¢ov¢r the coii)l)(1ny's fiiliire fiii¢111cial comi))iliiienls. Aiienlion lias also been foclissed on non-finai)¢ial risks arisii)g froiii Health & Safety responsibilities. Tl)ese risks are l))al)cigJ¢d by Iiioiiiloriiig the pertori)1<l1)ce of Ilie i))aiiKiging <1genl tl)roiigl) key peTfonii<lnce iiidicalors lo eiisiire oii)pli£iiice iviil? He(11111 & Safely leg)isliilion. SpeeifiLally foe115SlllgF 011 CI¢75 S1¢ fcly, F,leelrical Safely, F ire Safely, Asbestos Nl¢?l)K?Lyeii)eiil, l.eg?ioi)ella Nlanilb?ei))eiil, Lifts? 1¢ lid D¢inip, Nlould & c.oiideiisalioii. Th¢ bocird rcco&?iiis¢s Ili¢l1 perfortn?( lice iiidic¢ilors l)ave an iiiiporli21)I role ii) assiir¢iiice by i( I loiviiig Ilie board lo assess ivlieil)er Ilie org)(11IiS¢11ioii is i))eeliiig) ils objeelives. Key i)crfoTII)¢iii¢e iiidic<ilors Kqre reporlLd lo bociril OBJECTIVES AND ACTIVITIES Tlie )(11 aclivilies of Ilie COliiL are Ilie rL(ILvelo )i)ieiil aiicl refLirbisl)ii)ei)l of eiii ro erties Éiiid Il)e oli I'II¢ CQliiP¢ll)y111( 5 ¢1cliievcil ?( lid coiiliiiiies lo seek 10 cl)ieve IliLse objeclivcs by r1( isiiigj iiiveslii)eiil, le<lSllILJ coiiiicil cli£2riliible obj¢clive5 01.11)e coi)ill(?l)y c1S sel oiil bcloiv. 131 ICC, Iicqs fLlI)vesled Il)C L4ll)il4?I rc¢cii)Is rLccive(I froiii Ilie COIIIPcll)y for Il)¢ leclS¢5 iiilo rcfiirbi511iiig l 00 % of ils oivii Iioiisiiig) sluck Its i)ILcI D¢Leiil I loi)Ics S11( iidards. CHARITABLE OBJEC'fivES Tlie objects for ivhicli the coiiipai)y is esl¢?blislied are.. lo provide for rei)I l)OLises or lloslels ai)d qllly I1S50¢1471ed Iiiiieiiilies for i)ersons iii iiecessiloiis ¢ir¢iiiiislil1)ces LlPOlI leri))s approprilile lo Illcir i))eans' lo provide for ¢1&Fed. dis1( bled (Ivlieilier iiieiilcqll J, or pliysiLcqlly) or el)roi)i¢cilly sick i)ersoi)s ii) iiee(I Iliereor l)oiises or l)051e15 lid Ily ¢issocialed aiiiei)ilies specilically (lesigne(l or adclpted lo iiieel Ilie (lisabililies aiid reiiiiireiiieiils of sticl) i)ersoiis' lo provi(le services, a(IviLe or assisl£iiiee iii)011 l¢r1115 4lPI)ropri<il¢ lo Ilieir iiieaiis Io <igJed. disclbled (Ivli¢iher iiieiil(I11}' or pliysicc111y) or cliroiiic<illy siLk persoiis iii iieed Iliereof (1nd providiiig aiiy associated ameiiilies Il)e relief of i)overty Ri)ioiig7St Ilie resideiils ofilie local aLiII)orily q& rea iii ii,liicli Ilie COliiP<111y oiviis or Iiiaii¢1ges lioiisiiigj stock. (lie c1dv(Iiiceiiieiil of ediic(21ioii, Irc111iiiig? or relraiiiiiiL', particiilarly aimong Lll)en)ployed people aiid providii)g Liiieiiii)loyeil Iieoiile iviili iN'ork experience,. aiid Il)c l)l<iiiilei)c2llCe, ill)proveiiieiil or provisioi) of piiblic anieiiilies for Ilie piiblic benefit it) the iiileresls of regeiieralion in areas ofsocial aiid econoiiiic dei)rivalion iii tlie 4idiiiiiiislralioi) area of Il)e coiincil.

Brighton & Hove Seaside Community Homes Limited TRUSTEES, AND DIRECTORS, REPORT 01- tlic ycar endcd 31 Mai'cli 2025 EQUALITIES AND INCLUSION Tlie coii)l)(111y is COlI)ii)illed lo proii)olii)gi eqlialily, (liversily, ai)(l iiicliisioi) iii all aspects of ils ivork. It operql les eqiiGI1 opporliiiiilies policies aii(I proce(Iiires lo eiisiire Il)al i)0 iiiclividii¢?l or org7aiiisalioii is iiiil<iivfiilly discriniii)ciled agaii)sl. Tliis ii)cliid¢s discriiiiiiialion 01) 11)e basis of1( iiy protected clic1raclerisli¢ as defiiied by Ilie Eqii(11ily Act 201 O n1( niely age, di5e and civil parliiersliip, i)reg?llcln¢y 471)(I n)aleriiily, r¢lce, religiioii or belief. sex, or sexLial orieiilalion. as ivell Rs oiher iiiijiisl groiii)ds sucl) as socio-econoiiiic slalus or cariii¥ rcspoi)sibililiL'S. The conipic l)y also recobJl)ises ils legcil aiid eilii¢cil duly lo proleel staff l)(1 lei)(1111s froii) h<lTassnieiil relal¢d lo ai)y prole¢led c111L f¢l¢l¢risli¢ and to foster ¢111 iiicliisive rfiiid respe¢ifiil ivorkiiig aiid liviiig eiiviroi)Iiieiil. Where iiecessary. Il)e coi)IP<ll)y ivill lii<ike reasoi)1ible adjLislii)eiils to ÉlCCOI)Iiiiodale the i)eeds of ii)dividLIIL Is, Plc rliciilarly Ihose iviil) disabilities. lo ei)sure eqiial a¢¢ess lo serviees and ei))ployiiieiit. In doiiigF so, Il)e COliiPi111y seeks to folloiv best professioii?( I practice aiid Coii)ply fiilly iviil) all relev¢1111 legiislalioii, slaliilory reqiiirenieiils, official gLiidaiice, and reeognised codes of practice relaiii)g, lo eqiialily. diversity, aiid iioi)- dis¢riininalioii. ACHIEVEMENI'S AND PERFORMANCE Tlie coii)pany coiiii))ei)ced ils iiiain activities oil l Noveiiiber 2011 ivheii il 1¢1¢ sed ils first balLI) of sixly-oiie proi)¢rli¢s. Siiice1111c I liii)¢. il has lel¢ 5ed, refiirbislied, (incl broiibjlil bcick into Iise foiir l)Lll)drcd 411111 Iiinely-niiic ciiipl). Iv i ivere 1( 'Trnlie coii)i)iiiiiily, a invesliiiei)l of£29iKI broiiglil 2(11 coi))l)(?iiy l)oiisiiigJ lip lo Deceiil Floi))es Sicl1)diir(Is aiid Ilie cai)i1l¢ I receipt received by BHC'tralloived Ihc coiincil to"do-thc Sl< me-1vith.its oivn hoiisin stock." re Is )i))¢nl o Ih¢s¢ Iiroi)¢Tlies i)rovi( es ¢7 Occ1 siiig ¢ Iieop Ivho ii)c2y oilierivise be l)OLise(l iii iiiisiiililble lei))i)orary ccoiiiiiioili¢ lioii, or iii13cd & BrL'(Ik f¢isI, or ii) ¢iili¢r ofil)esc oiilside of Brigl)loii & Flove, alVl¢ y froiii a lioiiseliold's siipporl iielivork5 I11)d services SLicII 47S GP'S ai)(I local scliools. All 111¢ ¢oi)11)41IIy'51)ropcrlie5 firc let (il siib-i))411'kel reiils cll)d are self-coi)Iiiiiie(I, Iiie¢iiiiiig beiieficii( ries do Iiol l)li ve lo sl)¢ire biiil)rooi)i and cookii)b? fa¢ililics iviih oilier lioiisel)olds. The coiiipai)y is Il)e largest resi(lei)lial leaseliolder of coiiiicil properties iii Ilie city n(1 provi(les aroiiiid 250/0 of Il)e leniporary lioiisiiigy iise(I by Bl ICC. for i)eoi)le iii lioiisii)gy iieed. It l)2( 511011sed 1,594 holiseliolds sii)cc Iriidiiig> begaii aiid salv Ili¢ sii¢¢¢ssfiil i))ove-01) of 86 leii(W)Is ii)Io SOCik)I IIousiiig7 in 2024125. Tlie averag?e lei)gili of51(1y for 111¢se lei)Il1)1s Ivas Iliree years and len nioiiihs. The coiiipaiiy l)(2s appoiiiled ll iiiaiiagiiig agei)I to Illilllcige Ilie proi)erlies oil ils bel)alf ai)(l agpreed lo a set of key i)erforiiiiiiice ii)dic(2tors lo e11511re ils service 15 delivered to hi&Jli sllc l)dcird. Tliese are provided aiid revieived 011 a i))01)Ilily and qiiRrterly basis, Teniinl Eiig2K gemei)l is a key rt of deliveriiig effeclive laiidlord Services. Tlie ¢OlllPl¢ iiy recobiiiises Il)e v?( liie of ii)volvii)g rcsiilLiils li) sliai)iiig¥ Illc serviccs Il)cy receive ai)d eiisiirii)g ive r¢iii¢lil) respoi)sive lo Il)eir iieeils. Ovcr Il)e 1)(751 ye¢1r, Ive li<ive slreiiu?Ilieiied oiir ppfoc1cli lo eiigciLiei))ei)1 1111d iverc plcÉ?scd lo acliieve TPAS <1¢cre(li11( lioii, Iliis ivork. lo support good coinn)iii)icalioii, accoiiiilabilily, anil service iiiiprov¢i))ei)l. The coiiii)aiiy'5 Hoiisiiig-Rel<iled Siipporl ivorker pl(JyS 5 operalioiis.

Bi'ighton & Hove Seaside Community Homes Limited TRUSJ'EES, AND DIRf.CTORS' Rtr,POII'I' ror tlie year ended 31 Marcli 2025 The Colllpillly received £6,419,918 (2024.. £5,294,240) it) reveiiiie and liad £5,608,-364 (2024.. £5,456,705} Olilgoiiigs iii 2024125, IL lid Ilie resiilt of Ilie yeiir ivas nel incon)e of £811,554 (2024 1)el e.xpeii(liliire of.. £162,465). The coi))pany lifts a forly-year business plan lo cover Il)e fii)aiicing ai)d nic2iiageii)eiil of ils ciirrent leasing prog)rcl11111)e. While tlie COlllP¢llly ¢iirrei)tly 11115 a defieil of reserves Iliis ivill gr<l(Iiiic11}' reverse iii lii)e iviili Ili¢ projeclioiis froiii tl)c deiailed fii)ai)ciAI iiiodel ivliicli iiiideriiiiis Ilie forly-ye¢?r blisiiiess pl(2n, aiid 41 Sig?i)i ficaiil 511rpliis is aiilicip¢11ed al Ilie eiid of Ilie project. Tlic Ir1151ccs are pl¢i¢ scd lo report iliai (lie biisiness pl. S cideqLlc?le resolirees lo conliiiiie lo operate for Il)e foresee<ible fLiliire. Oli Iliis basis Ilie priiiciple of Et goiiig concerii licls beer? oper¢2led in Il)e preparalioii of Ilie fiiilqiicial slalenients. RESERVES POLICY The long-leriii fiiiancil¢ I plaii 1¢ lid projeclioi)s prep<ired l)ave RnliLipftled reserv¢s, Rlilioiig?Ii Iliese are iii deficit al pre5ei)1 ¢111d ivill be for soiiie lii))e to LOli)e. I loivever, Ilie boclril is keeii to desigiiiale Plil of Ilie ii)aiii risks lo tlie org)aiiis¢11ioi), lias decided lo sel qlSid¢ Iliree i))01)Ilis overliea(Is arid oper(I1iiigT costs pliis rediind4111Cy cos15 for sii¢li <7 l)urpose. Tli¢ g¢iieralion of these reserves Ivi11 eiiable Ilie cliarily lo coiiliiiii¢ lo siiijijorl Ili¢ (ILliv¢ry of orgJ{11)IScilioiiiL l objectives provi(liiib) Ivorkiiig> C2¢1)ili( fiindiiig for riiiiiiiiig c0515 ivell as fi biiffer for iiiiforeseei) eYpeii(liliire lind variiilioiis in ck)sli floiv, Ivliicli ivill FUTURE PI.ANS sec Il)c COllil)¢lliy fociis ils cfforls 011 ¢i¢qiiiriiigJ fiirilier proi)crlies lo iiiLcl IioLlSiI)gJ i)ccds iii Ilie E3rig>l)loii & I love (2re¢1. It l)ro(IIiLL(l a scl of Iiroi)OS1( Is for coiisi(ler1( lioii by 115 key slakelioliler 4111(I r¢niL1ins oi)ei) lo fiiril)er opporliii)ilie5 lo provi(le oilier scrviccs iviiliiii ils cli<lril¢iblc objects. Floivever, fiiliire i)11( lis to ¢icqiiire fiiril)er i)roi)erlics liiive beet), ,11)d rc likely lo Loiiliiilie lo be delayed by, Ilie Ilecisioii-11)l( kil)& l)Toccsse5 4711(I liiiie5¢II1¢s of slic k'eliolders Klll(I insliliilioiis, acLess lo fiiiaiice aii(I possibly property IllagFeiiieiil ¢2clivilies ivill rflill) lo ellrfible lei)Li111s lo scriilii)ise ciiid fecdbi1ck 01) Ilie services Ilie}' receive, parlicii)l( le iii Ilieir ivell-beiiig. Tlie coiiii)(1lly i%'ill coi)IiiiLie lo provide 111rgJLled lioiisii)gi_reli?le<l siii)porl lo leiiaiits affecle(I by Ilie ivelfare beiiefil cap c nd proviclc Ilie broil(I r¢liige of siii)i)orl reqiiired lo n)ili¥F?c le its inii)<lCI. Addilioiicilly Il)e eoi))Pi?l)y iiiRinlains a cle<ir focLlS on Ilie hc<?Iih & Sc1fely of its leiiaiils, ensiiring Ili1¢ I Ilie ¢oi))l)cll)y i)(1 ils Inic lliqg?iiig ageiil lake 1c11 iieces5?( ry steps lo con)i)l> iviili lebjislcilioi) Ilnil &Jood i)riicIILC 111 Il)e ii)aiiagicniei)l aiid provisioii of its l)oiiies. TRUSTEES, RESPONSIBILITIES Tlie Iriislees Iivl)O (ire <7150 clireclors of BrigTliloi) aiid Hove Seasi(le C.oiiii))Iiiiily 1401)ies Liiiiile(I for Ilie i)Iirpose5 or COl))l)clliy laivl ic re respoiisible for prei)1( riiig Ilie Triislees, ai)d Directors, rei?orl 1% nd Ilie fiiianLi<il 51cilciiiciils iii ccordLlI)ce iviil) applicable laiv aiid Ui)iled K iiigdoiii Aceoiintii)g St<ll)dc?rds IUI)iled Kiiigdoi)i Generally Aciei)leil Accoiiiiliiig Pr(Iclic¢). Conipaiiy laiv reqiiires Ilie directors lo prepare fiiiancial sl<llenieiils for eacli fiii<2iicial ye<ir ivliicli gFive a Iri1¢ and fair vieiv of Ilie slate of aft<iirs of Il)e eoiiipcll)y Ic l)cl of tlie iiicon)iiig resoiirces aiid application of resoiirces, iiicliidii)g Ilie iiicoiiic aiid exi)ei)dilLire, of Ilie coi))Pl( iiy for 11)al period. In prei)arinb Iliese fiiiaiicial 51aleniei)Is. Il)e Inislees are reqiiired to..

Brighton & Hove Seaside Commiinity Hoii]es Limited TRUS I FES, AND DIRECTORS, IIEPORT I,'or the ye<ql' ended 31 Marcli 2025 select siiil¢1ble a¢eoui)lii)g policies aiid tl)en apply Ihei)I Consistently; observe Il)e iiieiliods and priiiciples in Ilie Cl)arilies SORP (FRS 1021., i))ake jLI(IgTreiiieiils (?iid eslinilc les that are reason?( ble Thn(I prii(lenl' sl¢lt¢ ivheilier applicable i( CCOllI)lii)g st<iiid?< rds have beeii folloived. siibjecl lo ai)y nialerial depclrture5 disclosed I1nd expl?( il)ed ii) Il)e fiiill ncial st1¢ leii)enls,' ai)d prepare the finai)cial slaleii)eiils 011 the ¥oiiig coiicerii basis unless il is iiiappropriale to prLsuiiie Ili<il Ilie conipany ivill conliiiii¢ ii) biisii)ess. The Iriistees are responsible for keeping proper accoiii)ling records Il)al disclose with reasoiiable a¢curacy al any liiiie (lie finai)Cllc I position of Ilie coiiipany aiid eiiable Iliem 10 ei)siire IIIqK I (lie fii)¢11Icial slalemei)Is coi))ply iviili lh¢ Coiiip<iiiies Act 2006. Tliey arc 14 Iso respoiisible for safeg?Ili2rdii)g Il)e ¢1ssels of the coinpai)y aiid lieiice for takii)g r¢asoi)able steps for Ilie pr¢vei)lion ai)d deteclioii of fraiid É211d oihcr irrc'gJiilarilies. STATEMENT OF DISCI.OSURE TO AUDITOR The directors iv1)0 I2re ii) offie¢ on Ilie date of 4?pproval ofiliese fiiiai)¢ial slaleiiieiils liave coi)firnied Il)al, as far as they are i2lV(Ire, 11)erc is i)0 relev&iil aiidil iiifor111471ioi) of %vl)icli Ilie aiiililor is iii)K?Ivar¢. Li?ch oftlie directors have coiifiriiied 1112( I Ihey11lc v¢ lakei) all Ilie slei)s 11)l( 1 Il)ey oiiglil lo l)(Ivc I?¢ kei) 1< s directors iii or(ler to iiiake Iliert)selves aiv(1re of any relevaiit iiiidil ii)lor1111I Iioi) ?( nd to esliiblisl) Ilial il111< s bcLII ¢OIIIII)IIIIiC1( led lo Ilie aiidilor. -I'liis report li(?s b¢¢i) prep£ired in accor(l¢ll)¢e iviil) Ilie provisioiis ic Pl)licable lo conipai)ie5 enliiled lo Ilie Slll<ill Oi) beli(I1 f of Ilie boi( rd C. J C.Iirlisle D1¢ te: 27, AIisFiisI 2025

REI)ORT OF THE INDEPENDEN"I' AUDII"ORS TO THE MEMBE-RS or BRIGI I'foN & HOVE SEASIDE COMMUNITY HOMES LIMI fF,D Oi)iihioIi ITC Ii¢ll'e aiidiled Il)e fii)cineial st2( temenls of Brighioii &, Hove Seaside Coiliiiiiiiiily Hoi))es Liiiiiled (Il)e 'charilable 01)?P<llly'I for Il)e j'eiir eiiclcd 31 Nlar¢li 2025 ivliicli coi))prise Ilie Si2( leniei)l of Fii)ancial èlclivilies, the Elalai)ce Sheet, the C1< sli Floiv Sialenieiil and notes lo the finai)¢ial slaleniei)Is, ii)clLidiiig a 511niiii¢1ry of sigi)ificai)l accoiiiiling, policies. Tl)e fiiic1ncicil repo¥lingTr fr?¢ Iiieii'ork ihat lias beeii api)lied ii) tlieir i)rei)aralioii is Rl)Iiliecible laiv Ill)(l United KiiigTrdoni Accoiii)liiig Sianc12c rds, iii¢ludii)g FiiiI11)cial Repoiliiig Slaiidi( rd 102 'Tlie Fiiiai)Ci(11 Reporlii)gJ Siai)di< rd applicable iii Ilie UK aiid Repiiblic of Irel?c lid, (Ui)iled Kiiigdon) Gei)erally Accepted Accoiii)lii)g Practice). Iii our opiiiion the finRI)cial sl1¢ Icmei)Is'. give ¢1 Iriie lid fair vieiv of Ilie s12( te of Ihe ch<1rilable coiiipaiiy's affair5 as at 31 fvlarch 2025 and of ils iiieoiiiiiig? resoiirces aiid application of resoiirces, ii)cliidiiig ils income and expei)diliire. for Ilie year Ilien elided. 11(1ve beeli properly prepared in a¢cordai?ce iviih United Kingdoiji Generally Accepted Accoiinling have beeii prepared in accord¢lnce iviil) Ilie reqiiirei)iei)Is of the Col￿p¢ll)leS Act 2006. Btssls for opijiioji We coiidiicled Olif (iiidil 11) 1( ccord<liice iviili Ii)leri)alional Slrf1ndi( rds 01) ALidilii)g {UK) (ISAS (UK)) an(1 applicable l¢llV. Oiir respoiisibililies iiiider those sli( nd¢2rds are fiirilier described ii) Ilie Aiidilors respoiisibililies for Ilie aii(lil of Il)¢ fiii(?IICl<l1 slaleiiiei)Is seclioii of Olir rcporl. We are iiidepeiideiil of Il)e chclritic ble conii)¢llly ill 1¢ ccord(Iiice iviih Ilie eiliical r¢qiiirenieiils Ilial are relevliiil lo oiir 4111dil of Ilie fin<liicial slalei))eiils iii Ili¢ UK. ii)¢liidin&' Ilie fRC's Eiliieal Siill)Ilclril, cl11(l ive h<iVC fiiifilled oiir oiher eil)iLlc I resi)oiisibililies iii accord¢liice iviili these reqiiireiiiei)Is. We bclieve Ilial Ilie <qLidil evideii¢¢ iv¢ li¢ive obi¢liiied is siiftiLieiil 41111141ppropricilc to i)rovide a basis for oiir opiiiioii. Coilcliislons relllting lo goiiig coneei'n ie s, Ive lave coi)L L'C i¢ Iriislees iise o ie gioii)gl LoiILeri) ,qsis o coiilii)Iie ic S ¢1 gyoiiigy coi)cerii for a period of1( I1¢¢ls1 livelve iiionilis froiii ivliei) Ilie finic l)Cl?£ I sl1¢ l¢niei)Is (ire aiiilloriseil for i$511e. Oiir resi)oiisibililies ai)Il Il)e responsibilitie5 of Ilie Iriislees iviili respect lo gToii)bi conceri) are described iii Ilie relev411)I seclioi)s ofiliis report. Other li)foi'iiiMlion Tl)e IrLislee$ 4lTe resi?oiisible for Ilie oil)er ii)forii)Ic lioii. Tlie ollier iiiforiiialioii coiiii)rises Ili¢ ii)foriiiiilion iiicliided in the aniiiial report, ollier11)l< 11 Ilie fiiiaiicial sli¢ lenieiils Iliid oiir Reporl ofilie Ii)depeiideiil Aiidilors Iliereoi). Oiir opiiiioii oli Ilie fiiiiK I)Cllc I slic lei)iei)ls does iiol cover (he oil)er ii)formic Iioi) ciiid, excepl lo Ilie exlei?l oilierivi5e explicitly slated li) Olir report, Ive do iiol express (Iny foriii ofas511raiice conclLlSiOlI Ihereon. li) coi)iieclion iviili oiir Iiiidil ofiiie finai)Li¢l1 sliileiiieiils, our respoiisibilily is to read Ilie oilier infori))Kilioii ai)d, iii kiioivle(Ig7e obiaiiic(l it) Ilie 11 Iiclil or oilicrivi5e cll?i)ears lo be 11112leri2c Ily It)i5slciled. I r ive iileiilify siicli 1111( lerial incoiisislei)cies or apparLnl Illiileri£il iiiisslilteiiieii15, Ive (ire reqiiirL<l lo dLilei'ii)iiic ivlicilier Ilicr¢ is 47 1111< l¢ri(?I Ive licive pci'foi'tned, Ive coiicliide I11£1111)ere is a i)Icilcriic I Iiii551iileineiil of Il)is other iiifomialioi), Ive are reqiiire(I lo report Ilial facl. We112c ve i)oiliiiig lo reporl ii) Iliis regard. Oi)inioii oji otlier niiqtlers presei'ibe(I by tlie CoiiipAnies Aet 2006 It) our oi)iiiioii, b¢ised 01) Ilie ivork iiii(ILriclkeii ii) Ilie coiirse ofilie aii(lil: Il)e iiiforii)c?lioii giveii iii Ihe Report of Ilie Trlislees for Ilie fiii¢111cial year for %vliich Ilie fii)allCiil1 slalei))enls are prepared is ¢0115isleiil iviili Ilie finAiicial slalen)ciitS' ?( nd Il)e Report of the Triislee5 h¢lS beeii prep¢ireil iii accordiinee iviili c?pi)licable legyal reqiiireiiieiils. Illalters oli ii'liicli li'e Are i'eqiilre(I to I'ei)oJ't bi, eiceiitioii li) the liglil of Ilie ki)oivledge aiid iiiiclerstciiidiiig of the cl)<lrilable Coliipilliy ai)d its enviroiiii)ei)l ob11r iiied iii Ilie course of the aiidil, Ive h<2ve iiol identified material n)isslaleiiienls in Il)e Report of Il)e TrLlStee5. We l)ave noihii)gJ lo report in re5pecl ofil)e folloivii)g i)ialters ivhere Il)e Coinpai)ies Act 2006 reqiiires LIS lo report to YOLI if, iii OLir opiiiioii..

REPORT OF THE INI)EI)ENDENT AUDI"I'ORS TO THE MF.MBERS or BIIICJHTON & IIOVE SEASIDP, COMMUNITY E40MES LIMII"b,D dcqiiale accoui)til)LJ records liave Iiol beeii kept or reliiriis ¢2deqLiale for oiir aiidil li<ive not beeii received from brc111Llies iiol visiled by LIS; or Il)e fin<iiicial slaleiiiei)ts are i)ot ii) agireeiiiei)l iviili Ilie accollllting reeords and retiiri)s' or certain disclosiire5 of IrLislees' reii)iii)ercltion si)ecified by laiv are iiol tDade,' or Ive liave iiol received ic11 Ilie iiifon111¢ lioii ai)d expl<iiialions reqLiirL for oiir aiidil. or tl)e IrLislees ivere not eiitiiled lo ticke £l(Iv<?i)lage of Ilie Slllc211 coiiipanies exeinplioii froii) Ilie reqLiireniei)I lo prepare Strategic Report or iii preparing Il)e Report of tlie Triislees. Re5poI)sibilities of Irustees As eipl(?iiied iiiore fLilly iii Ilie Sic11ei)iei)l of Triisle¢s Respoi)sibililies. Ilic Iriislees (iil)O lire also the directors of Ille cli41rit<ible con)i)l< iiy for Ihe PLiri)oses of Colilplc ny Iql Iv) (2re responsible for the prep¢if1< lioii of Ilie li111< IICII sl(?lemenls aiiil for beii)gJ S<ilisfied Il)(?I Ilicy give a Iriie ¢11)(I fic IT vieiv, aiid foT SLich ii)lerii?c I coiilrol as Il)e Iriislees dL%teriiiii)e is necessclry lo ei)(Ible Il)¢ preparalioi) of fiiilc IICiiil sl¢?leii)ei)Is Ihal are free froii) iiialerial n)isslalenieiil, Ivlieilier diie lo fraLid or error. Ii) prepariiig the fiiiaii¢ial slaleiiieii15, the Iruslees are responsible for assessing (lie chrfirilable coniplc l)y's ability lo coiiliiiue as (1 goiny coi)cerii, dis¢losii)g, as applic(Iblc. i))allers rel<11ed 10 gyoiiig coiiceri) And iisii)gy Ili¢ gFOjI)gl LOI)Lerii basis of ¢lC¢OllI)liiig Liiiless Ili¢ Ii'iislees eiil)er ii)iei)d to liqiiidl¢ le Il)¢ cl)arilabl¢ coi)11)aiiy or Io Cccise 01)eralioiis, or IIiK VC iio fc411isliL Éqlieri)<l1iv¢ bLII lo do so. Our resi)oiisilTrililie5 foi. 11)e Aiiilit of tlie fiii¢inciiil stilleiiieiils Olir objeclives <lre lo obiqÉ il) f¢¢150ll¢ible iissiifilll¢C (?boiii ivI)eilier 11)e fiiicll)cial slal¢l))ei)Is as a ivliole 1¢ re free froiii iiialeri1¢ I nii551411ei))ei)I, Ivlieilicr Iliie lo fraiid or error, aiid lo issiie Il Reporl of Ilie In(lei)ei)dei)i Aiidilors Iliiil IllLliides oiir opinioii. IleilSOllq¢ ble i( ssiif<l1)ce is a l)ig?li level of assiirai)c¢, bill is iiol a bJLl2c Iilee Ili¢l1 ¢in fTriidil coiidLicIL.d it) ccor(IcinLe iviili ISAS IJK fr¢iiid or crror 11(1 arc ¢oiisi(lercd Illcil¢'ricl iiifliieiice Ilie ecoiioii)ic decisio1)5 of iisers taken oli Ili¢ b42SiS of Iliesc fii)£l1)cial slalelli¢iils. "cdiire5 iiicliidiiibj friliid. Tl)e exlei)I lo ivliicl) oiir i)rocediires are P41ble of dele¢lii)8 irregiiilarilies, ii)eliidiiigJ fr2( lid is del 11)e l¢vel of coinplexity, siibjeclivily, Iiii¢erlaii)ly, poteiilici111)alleiiieiil bicls. fraiid, lll<lleriiqlily ai)(l aiiy oil)er rclev(1111 fic clors. Ve ¢oi)si(lered Ilie eileiil lo ivliiLII Iliese iYoiil(I li¢ive (1 lllcilL'I'lgc l iiiii)acl 011 Ilie fiii(I11¢1(Il sliileiiieiils aiiil dcsigviied oiir audit ivork accoi'(liiibTly. Oiir Ve ob11( iiied ¢11) Iin(Icrslaii(liiig7 of Iliu IcgF(11 (111(I reg?Iilii10ry fr4iiiieivork' Ilial tlie ¢l)Liril}' 01)Lf¢lles iii, fociisiiibj 01) I'ICLI 011 Il)e oper(?lioi)s of Ilie cliill'ily froiii oiir Iirofcssi01il< I c11id sector experieiice. Ive perfori))e(l aii4ilyliLc?I procediire5 to iilLI)li fy aiiy iii)IlSllcql or iii)exi)eLlcd rel¢11ioiisl)ips Il)c)1111I1>' iiilliciile risks of111(Ileriiilalioiis and ii'l)eilier Iliey ivere aiv1( re of ai)), ill51i¢ lices ofi)01)-coinpliaiice' Deleclingj 1< lid resi)oiidiiig lo the risks of fraiid aiid ivlieiher Iliey liave kiioivledge of (111y CIIIAI, SLispecle(I, or 1¢ IlcgJcil fr<llld. I'he iiileriiic l eoiilrols eslablisl)ed lo iiiiligale risks relale(I to fraiid or iioii-con)pli<ince ivill) l?( IVS ciiid regii12c lioiis. Iii addressing the risk of fr?( Ll(I Iliroiigh maiiiigen)ent override of coi)Irols, Ive lesled the Iipproprii< leness of joiiriial eiitries Il1)d oil)er adjiisliiieiils, assessed ii,heilier Il)e jiidgFeiiiei)Is iiiade ii) Iiiakiiig accoui)ling esliiiiales ivere iiidicative of a potenti¢11 bias and tested sigiiific41111 IransÈlclions Ilial ivere uniisiial or those oiilside Ilie i)oriiial OIITse of bLisiness.

REPORT or THE INDF,PF.NDENI" AUDITOIIS "I'O I"HE MEMBEKS or BRIGHTON & HOVF.i SEASIDE COMMUNII'Y IIOMES LIMITED We also Diseussed aiid revieived the charity's blisiness iiiodel aiid forivard plaiii)iiig lo assess goii)g coi)cerii Loniii)IiiTricaled api)licable laivs and regiilalions Il)roii&Jhoiit Ilie aiidil leaiii aiid reniaiiied alert lo any iiidic1¢ lions ofnoi)-coiiipliaiiLe IhroiiLThoiit Ilie aiidit. revieived Ilie tlll¢111Cliql sl&11ei))enl discloslires (2nd lesled these lo siipporting Ilociimenlalion lo assess coii)Iili£ll)Le iviili Ill)plicable1411VS (2nd regulcllions. Carrie(l oiil siibsiill)live lestii)g 01) iiicoiiie c11)(l e.Ipei)diture Re-perfornied reLOI)ciliiÉ 110115 ofcoiilrol accoiiiils, and rechlclilclled il¢nis sucli as depreciation Tliere are iiil)erenl liniilalioiis ii) the c1iidil procedures described above c1nd, Ilie flirilier rei))oved iioi)-coi))pliciiice Ive i%'oiil(I beLoiiiL' aiv¢?rc of it. We did iiol idei)lify cinj, key Liiidil n11¢ Ilers rel¢11ing lo irregFiil¢irilies, iiicliidiiig fr¢llld. As in (111 oiir alidils, Ive also ddressed Ilie risk of iiiaiiqÉ g?eineiil overriilL' of iiil¢rnal ¢onlrols, ii)LILicling, l¢slii)g' joiiri)cils arid ev(?lii(Iliiig ivlieil)er there ivas evideiice of ii)¢1nc1geiiienl bias b}, Il)e Iriislees Ilial represeiiled a risk of l))<qleri£il i))isslal¢ii)eiil diie lo fr<lUd. A fiirilier descriiilioii of oiir resi)oiisibilili¢s for Ilic cliidil of Ilie fiiiiliicial slalei)ieiils is IocÉ11ed 01) Il)e fii)cl1)eial Reporliiig? C'.oiii)cil's ivebsile l iviviv.frc.org).Iik/aiidilorsre5poI)sibililies. Tliis descriplioii foni)S P4?rl of oiir Reporl Ilse of oiir rei)orl 1'1)is rL'I)orl 1$ 11)cidc 501ely lo the cliarilable coii)Pillly'S li)eiTibers, as a body, it) accordai)ce iviili Cliapler 3 of Part (L(￿LI1&co111p￿ilQ￿thOu2Oo6￿ur_audlUW0rL11o￿￿￿1ld￿r1ak¢l140-IIiakw{H11IY1}¢4liil*kl￿I7¢￿¥11ar1IabI COllll)(211} s iiiei))bcrs Il)ose ]))?( IIL'f5 ive 1¢ r¢ rcqiiircd lo slcl le lo Iliei)) ill 11 1¢ iicliluTS' r¢port 1l1)(I for iio oil)er i)Iiri)os¢. -0 ItLolulLosL¢xlclll pi'riillllL£L by..1aw.JYL£L￿Iol aLLcplnr_assLlliiC respoiisibiliLY_Lo.aJiy.oiie_otlLer_tii￿l tIiL.Lliarilable SIIoii(? IV42rilrop C'.A {Seiiior S11£ liilory Aii(lilor) Cli¢irlL're(l ALIOlSiilaiil aii(I Siciliilory Aiiclilor East Siissex BN2 9QA 10

Bi"ighton & Hove Seaside Cominunity Homes Limited STATEMLNT OF FINANCIAL ACTIVII'IF4S (INCORPORATING AN INCOME AND LXPENDITURE ACCOUNT) ror tlie sie<or ended 31 Mai'cli 2025 Nloles 2025 2024 INCON,IE AND ENDow￿lENTs FROM.. Cliari11< ble clivilies 6.239,376 5,121,028 Inveslmei)I Inconie 180,542 173,212 15 'rolal 6,419,918 5,294,240 F.XPF.NDITURE ON.. Ch41rilable activities (5,608,364) {5.456,705) NET INC.OMEI(EXPENDII"URE) 811.554 (162.465) RECONCII.IATION OF fuNDS'. TOTAL F"UNDS BROUGklT FOR WARD 17.254,8741 17.092,409) TOTAL FUNDS CARRILD FORWARD (6.443.320} 17.254,874} ni Ilic chilrilil ble coiii ,ii)y's coiiliiiiiingy 01)crcl1ioiis. gnise&ift4htryect .

Brighton & Hove Seaside Community Hoines Limited BAI,ANC:r. SHEET As at 31 Marcli 2025 Compc?ny Registr¢ltion No, 06861227 2025 2024 Notes FIXED ASSE'rs Tangible assets 19,961,173 20,728,138 CURRENT ASSETS l)ebiors Cl£ sli al bmiik aiid iii l)<l1)d 1.033,332 4.701.078 764,124 4.623,261 5,734,410 1916,786) 5.387,385 {810,256) CREDITORS: ANIOUNTS FALLING DUE WITHIN ONE YEAR NET C.UIIRENT ASSETS 4,817,624 4,577,129 I-OTAL ASSF,TS I..F.SS CURRF.N'I' I.IAIJILII'ILS 24.778.797 25.305,267 C.REDITORS: ANIOUN'fs FALL.ING DUE AFTER NIORE THAN ONE 131,222,117) (32,560,141) NET LIAIJILITIES (6,44.1,120) 17,254,874) TO'I'AL DLI.'ICIENCY (6,443,320) (7,254,874) Tlicse fiiicgn¢i411 s11( leiiieiils li(Ive beeii prep1¢ fL(l iii accorclil1)c¢ Ivill) Ili¢ provisi0115 api)li¢cible to coiiii)?c iiies Slibjccl lo Ilie Tlie fii)1(11Cl¢l1 slTri Icnici)Is 011 Pclglc 2025 ai)(1 1¢ rc si 110 20 ivere Pl)roved by Ilic boi¢ rd of <lircclors aiiil aLiiliori5ed for iSSLie 011 27, Aiig?Iisl sle DIREC'foRrrRUSTE 12

Brighton & Hove Seaside Community Homes Liinited STATEMENT OF CASH FLOWS Foi. tlie year ended 31 March 2025 2025 2024 Note CASFI PROVIDED B Y I {USED IN} OPERATING ACTIVII'IES 13 3,004,411 2,325,619 CASH FLOWS FRONI INVESTING ACTIVITIES: Ii)lerest Received Piirchase of fixed 1¢ Ssels 182,274 11.565) 158.167 C.ASH FROM IN INVESTING ACTIVITIES 180,709 158,167 C.ASH FLOWS FROXI l FINANCING ACTIVITIES: RepclyI))eiils of borroiviiig Iiiler¢sl payiileiils 011 borroiviiig (1,225,664) (367,4901 11,881,639) (1,880,534) NET CASH FROM FINANC.ING AC.TIVITIES (3,107,303} (2,248,024) (:HANGE IN CASH ANI) CASH EQUIVALENI"S IN THE REPOR1'1NG pi."iiioi) 77,817 2.15,762 CASkl_ANIICA.SFI.E4.QUI_V.ALENT.S.ATJEiE IIEGINNING OF I"HE "62t2fr1-M. &7-499 C'ASFI AND C.ASII E.'QUIVALENTS AT T14E LND OF I'14C Rt4.POR'I'ING PFRior) 4,701,078 4,623,261 13

Bi'ighton & Hove Seaside Community Hoines Limited ACCOUNTING POLICIES roI' the year ended 31 Mc1rcli 2025 BASIS OF ACCOUNTING Tlie fiii(111cial slalei))eiils of Ilie Ll)2c ri12( ble coiiiii(2ny, IvliiLI) is a piiblic beiiefit enlit), Liiider FRS 102, have been preplL red 11) c2ccord<ll)ce iiiili Ilie CIILqrilies SORP {fRS 102)'Accoiiiiliiigi aiiil Ilei)orliiigJ by C.Ii<?rilies: Si<?leiiienl of Itecoi))i)ieiided PracliLe apiili¢able lo cliarilie5 prep¢lrii)g Ilieir aecoLllItS 111 2L ccordaiice iviil) Ilie Fin(Iiicial Reportiiig S12£ iidaid 421)1)Iic(?ble in Ilie UK and Repiiblic of Ireli£ lid (FR.$ 102) (effeclive l Janliary 2019), Ri)(I the Compaiiics ALI 2006. Tl)e fii)ancial slaleiiiei)Is Iiave beeii prepared iin(ler Il)e l)islorical cost conveiilioi). The flinclional ciirreney of the coinp¢iny is pouiids sterling becalise Ili1l1 is Ilie Clirreiicy of Ilic econoi))ic ei)viroiiiiienl ii) vhicl) il operates. All figiires Iiave been roiiiided lo Ilie nearest POLllid. As the conipaiiy li(1s nel li(Ibililies, Ilie direelors have ¢on5idered ivheiher il is approi)Tiale lo prep?¢ re the fiiil¢ 11¢1(21 slaleiiiei)Is oli the sis Ilicil Ilie ¢oiiip(2IIy IS (2 goiiig coi)cern. As loi)g,_Ici'iii fiinilii)g licls beei) seclired, Ilie directors oiisider il appropriate to adopt Il)e gJoing? ¢oiicern b¢iSiS for Ilie preparation of ils fiiiaiicial slaleiiieiils. INCONIING RESOURCES Iii¢oii)¢ is recog?iiised ivlieii the cl)K?rily is legp(Illy ei)liiled lo il after aiiy perforiii(111ce coiidilioi)s liave been iiiel, Ilie Iiiioiinls clc 11 bc Iiie?( siired rclii( bly (Iiid il is Iirobcible Illic l iii¢oine ivill bc rcccivLd. Reiil¢i1 Inconie is aCCOLiiiled for oli the b¢lSiS of iiioiiics rcceivK2blc Iliiring Ilie ye?c r. Iiilercsl iiicoi))c is recogjiiiseil ivlieii il is i)robic blc Ilic?I Ilie ecoiioii)ic beiielils ivill floiv lo Ilie cli¢lrily aiid Ilie aiiioiiiil of revei)Iic C?( li bc iiieasiired reli¢ibly. TANCJlBI.F. FIXED ASSF."I'S AND DF.PRf.c.IA TIOY less esliiiiaic(I residiial valiie of eacli asset over ils exp¢¢ied iisefiil life, as lolloivs: 3 yciifs 01) slrciigjlii_ljiie b£lSIS 3 y¢41fs 011 Slr¢lighi-liii¢ bi( SIS Dei)recialioii is calciilic le(1 for ¢2 fiill yeiir iii 11)e ye(2r of aLqiiisilioii of Ilie tissel. $11)(211 ileiT)5 ofeoLliI)iiieiil Liiider £250 it) cost re Iiol C1¢1)11l¢ lised ai)d are ivrilleii off iii Ilie ye<1r of i)Iircl)(15e. OPI:.RATINCft i.r.ASF.S Reiilals i)Ilycible iii)der oiier1c liiib leases are cliargye(l ag>aiiisl inLoiiie 01) slric iS)Iil_liiie bclsis over the lecqse lern). RF.SOIIRC.F.S I:. XPI.'NII)I". I) All expei)(liliire 15 (1i¢oiiiIILd for oli ali accriilils bc1SIS cl1)d li<iS beeii ¢11( S5ified iiiider lie(1(liiigs Ilic11 iiiseil ivlierc Ihei'e is a le&Jci1 or coiislrii¢live obligJ(ilioii lo nicike Pilyli)enls reli(2bly. All c¥peiiililiirL' illLliiclii)g¥ Slipiiorl cosls aii(I gFoveriiai)ce Losts É?rc alloc?¢ leil or aiii)orlioi)ed lo Il)L appliLlc blc SLlPI)oi'l costs Ic f¢ Iliose Ili<i11< ssisl 11)c ii'ork of Ilic clicirily bill Ilo not (lirecil). reiireseiit cliic ril<ible ciclivilies ai)d iiicllide orriie K?iid gioveriiciiice costs. Tliey ¢1r¢ iiiciirred direLII) iii siii)i)orl of c.lpciidiliirL 01) Il)c objLLls of Ilie Lliiiril}'. IIYI)erc siipport cosls Cill)iioI be dirL'cily allribiileil to P<irliciil(ir l)e¢?(liiigTS Illey are Ic IIoc?c le(1 oli a basis coi)sislei)l iviili Ilie iise of Ilie resoiirces. Goveriiaiice costs coiiiprise all cosls involvingJ Ilie i)iiblic accoiiiilc1bility of Il)e cl)arily aii(l ils coiiipliai)ce iviili regLi12c Iloii ¢211d good prc1clice. Tliese costs iiicliidc cos15 relc?led lo s11¢ 11110ry <liidil ¢111d leg<?1 fee5. Ivliere Il)ey Caniiol be directly cillribiiled Io i?(?rticiil(ir lie1c diiigs Il)ey are allocciled on a Si5 CQl)Si51eiil iviih Ilie iise of the resoiirce5. VAT As Ilie ioii)Pi1115 s liiri)uver cuiisisls of r¢iilc21 ii)coiiie ivliicli is exeiiii)I froi)) V A'l. Il)e coinpai)y is iiiiable lo recover IIA. siiffereil 01) expeiidiliire. 'I'l)e e.lpciiclilLire lie<idiii&Js are slioivii i)el of v Al. Ivl)ile irrecoverable V A T is ii)cliided iii lolal 14

Bi'ighton & Hove Seaside CommLinity Homes Limited ACCOUNTING POLICIES ror tlie year ciided 31 Mili'cll 2025 LIABILITIES Liabilities ¢1re classified Rccordinb 10 Ilie Slibslanee ol Ilie coiilractlial arraiigenienl enlered iiilo aiid are slated al tl)eir i)on)ii)al amoiint. FINANCIAL INSTRUNIENTS Th¢ charity only has fiii<iiieial assets and finaiicial liabilities of a kii)d tlial qiialify as basic fii)ancicl1 iiislninieiils. Basic finaiici(11 iiislrLiiiiei)Is are inili(Illy r¢cogi)ised cl1 Iraiisl¢ clion valiie aiid siibseqiienily iiieasured al Ilieir seiileiiieiit value Iviil) tl)e exceplioi) of batik loaiis ivhicli are siibseqiieiiily nieaslired l)iortised cost. CASH AT BANK AND IN FIAND Casl) al b<111k aiid Ci1slI iii l)and iiicliicles LlÉ sl) <iiid sl)ort lerin higlily liqiiid ii)vesliiieiils iviili a Short nialiirily ofihree Inontlis or less froim Ilie te of acquisitioi) or opeiiin&J of Ilie deposit or sii))i12( r account. DEVELOPMENT COSTS Costs of Icg<il aiid i)rofessioiicl1 fccs ivill be ¢¢ipiIKilised ivl)ere Iliey <ir¢ directly allriblilable lo Ille orgaiiis4l1ion's ii)ili(21 prog¥r¢11111)ie of Irai)5fer of propcrli¢s froiii Briglitoi) & I love c.ily C.oiiiieil. Legcil ai)d i)rofessioiial fecs <iiid oil)er ¢osls ii?ciirred iii Il)e riii)i)ing of (h¢ coiiipaiiy are iiol capill( lised lo Ilie cost of Ilie properlies bill ivrilleii orr in Il)e period Ilie costs are ii)ciirrcd, PENSION C'.ONTRIBUTIONS Tlic ¢liciril)' Ill¢iLLS eiisioii Loi)Iribiilioi)s oli bcliliif of eligFible eiiiployees iiilo persoii¢il pensioii pli¢ ns. Tlie cliarily's coiilribiilioii is rL'slriLled lo IIIL Loiilribiilioiis disLlose(l iii Nc)IL' 7'.-- vill) Ilie LIIiK ril(Ibl¢ objcils cil Ille (liscrclioi) ol. Ille Iriislees. 15

Bi'ighton & Hove Seaside Community Hoines Liinited NO"I'ES 'I'O I'HI.=, fiNANCIAL STAI"I.'MENI"S For tlie yeai- eii(l¢d 31 M2( I'cll 2025 NET OUTGOING RESOUIICES FOR THE YEAR 2025 2024 Nel oiilgoing resoiirces is slciled after cli¢1rgiii&': Depreci<l1ioi) of lai)gJible assols Oivned assels Leased assets Operaliiig lease reiilals 833 767,697 9,640 2,012 767,697 9,914 TAXATION 'l-he ¢oinp<llly is a Tegiislered cliarily aiid cls su¢h ils incoii)e 41nd g2( 11)5 tc111iiig iviiliiii Seclioiis 471 10 489 of Ille Cori)oriilioii T'ax Ael 201 O or Seclioii 256 of Ilie xalion of C'lic1rg?eablL G(liiis Acl 1992 are exempl froin corporiltioii la.x lo Ilie eilei)I Ilial Iliey are Illjplied lo ils cl)(2ri1i( ble objectives. TANGIBL,E FIXF.D ASSETS Leilseliold Total At l April 2024 29,498,181 33,179 29,531.3()O Isi)osa Ai 31 Nlarcl) 2025 29,498,181 12,281 29,510,462 DEPREC.IAI"ION Al l Ai)ril 2024 Cl)(IrgFe for Ilie year Disi)OS(115 8,770,-374 767,697 32,848 8,803,222 768,5.30 {22,463} {22,463) Ai 31 ￿1(￿rlI)2025 9,5.38,071 11,218 9,549,289 NET BOOK VAI.UE Al 31 Nl¢?rcli 2025 19,960,110 19,961,173 Al 31 N.li¢ rcli 2024 20,727,807 331 20,728,138 DEBTORS 2025 2024 Trade debtors Oil)er debtors ai)d Iirep¢lyiiiei)Is 668.122 365,210 391.773 372,351 1,033,-332 764,124

Bi'ighton & Hove Seaside Commiinity Homes Limited NOI'I-S I'O 'I'HE fiNANCIAL S'I A'I'EMENTS (CON'I'INUED) Foi. thc yeai. elided 31 March 2025 CREDITORS.. AN,IOUNTS FALLING DUE IVITHIN ONC YEAR 2025 2024 1.rade creditors 'raxatiOll <iiid social seciirily Oil)er creditors Loan Sanlai)der 211 148 206,192 123,830 581,808 134,616 469,448 916,786 810,256 CREDI'foRS.' AfvIOUN'I'S FALLING DUF. AFTER NIORF. THAN ONE YEAR 2025 2024 oilier crc(lilors - Brighioi) &iid Hove C ily Coiiiicil Lo(111 Si21)laiider 1,510,292 29,711,825 2,2()6.508 30,293,633 31,222,117 32,560,141 hwm¢iftiri frIT<itrSinlander i iveft beloiy.." Aiiiouiils falliiigF Iliie ii) ii)ore 1111¢ 11 01)e year, bill less Ili£?ii livo years: 703,544 581,808 Aiiioiii)15 r(Illinbi diie beliveeii livo aiid five years.. 2,944,782 2,516,62S Aii)ounts falliiig diie ii) iiiore Il)l( li five ye(Irs'. 26,063,500 27,195,200 Tlie other creditors diie lo Ilie Brib7I)loii an(1 Hove City C.oiiiicil are rLpayable ivlieii fiinds becoiiie (?Vclilable ivlii¢h as a r¢siili ol ciirreiil Ciisli floiv foreeasls ivill iiol be iviiliiii livelve 1I1011111s of tlie d<lle ol Il)e ai?i)rovil1 of Iliese finaii¢iql1 stc2lenienls. Brigliloii c?iid Hove Seaside Hoii)es lias a 30-ye1< r Iixed rclle loaii f<i¢ilily iviih Saiitaiider ivliicli coii)iiiei)ced li) Sepleiiiber 201 l. Tliis is accoiii)led for as b¢lSiC fin1( iicial inslriiiiicnl. Tlii5 15 secLired by (1 fixed lid floqi liiig cliic rgJc oil tl)e ssels of the COliiP¢1n}'. Tlie 1lllloLiiII of Il)e 101¢ 1) IV¢lS £33 iiiillioii, ivliicli ivas draivn doii'i) over a five-yec2r period. CapilI21 repciymeiils coiiiii)eneL(l ii) Sei)leiiibcr 2017 iviil) repayilieiil it) fiill b}, .31 Nl(?rcli 2041. file COlilPcl1)y is Clirreiiily Pl¢ yil)¥ fiie(l iiileresl ¢11 ralc of 6. 10/0 ivhicli ivill increc2se lo 6.250/0 11) October 2031111)lil the enil of Ilie loaii period. 17

Bi'ighton & Hove Seaside Community Homes Limited NOTES TO THF. blNANCIAL STA"I'EMEN"I'S (CONTINUED) or tlic yec2r elided 31 Mai-cli 2025 PENSION AND O'I'IIER POST-RETIRF.NIENT BENEFIT COklNqITNIENTS DEFINED C.ONTRIBUTION 2025 2024 ConlribLI110115 P¢ly<lble by Il)e coii)pany for Il)e year 32,433 27.538 LIABILITIES OF ￿lE￿[BERs Ui)der claiise 6 of Ili¢ Nlei))or¢iiidiiiii of Associic lioii, ever). Coiiipl¢ 1)y Nleiiiber ui)dei'l<1kes lo coi)Iribiile siicli aiiioLiiII as n)ay be reqiiired {i)ol e.XLecdiii&y £ l ) lo Ilie C.011)P1i Ily's YissLils if il sl)oiild be ivoui)(l Lll) Ivliile li¢.Isli¢ is ?( Nleiiibcr or Iviil)ii) 01)¢ yecir after helslie ceiises lo be (? Nleniber, for P&qyiiieiit of Ilie C.onip?I Ily's debis <iiid liic bililies coi)Irilcled before l)elshe ce¢lsed lo be a Nlei)Iber, ai)d of Ilic costs, c111( rgTres and expenses of iviiidiiigy lip, and for Ilie adjiislnieiil of Ilie rig)Iils ofilie coi)Iribiilors (?11101)gF Ilieiiiselves. FINANC.IAL CONIKIITNIENTS Al 31 Nliircli 2025 the COlilP¢111y IVIIS COlI)11)illed to 11)l( kii)gi 11)e folloiviiig fiiliire Ininiiiiiini lease p2( yiiieiils iiiider lion- GaiiG0llabl￿p0KaI1lI￿] Oi)erciliiis le<ise P¢lyiiieiils dLIe: Not Itilcr Il)?( li 01)¢ ye(2r Beliveei) Ilvo ¢iiid five years Lrfiler Ili<ili five years 1,440 1,800 385 8,000 6,667 8,000 14,667 10 RELATED PARTY I'IIANSACI"IONS 2025 2024 Sl)ort leri)) cre(lilors oiviilg lo Brigl)lon &. Hove City Coiiiicil al Il)e year ei)(I 207,304 199,969 Ai))oiiiils r¢¢¢ived froiii Ilrigyliloii & Hove City Coiiiicil on Ilie COliiPiqliy'S beliaif in Il)e year 634,497 Loi)g leriii creditors oiviiig? lo Brighioi) & Hove c.ity C.oiii)cil al Ilie year eiid 1,510,292 2,266,508 Reiil(?l iiicoiiie received in the year froni Briglilon & 14ove City Colincil as l)Ic111agFiiig clgeiils C.Iiarges iii Ilie yecir froiii Briglilon & Flove City Coiiiicil for miill2¢ &Feineiil fees 6,239,376 5,121.028 2,44.3.640 2,-357,272 Repayiiiei)l of Available Nlonies lo Briglilon Rll(l Hove City Coiii)cil 756,216 636,131 Tliere are ciirreiilly Iliree directors of tlie coiiii)¢lliy ivlio are also couiicil iiieiiibers of Ilie Brigliloii aiid Hove City 18

Bi"ighton & Hove Seaside Coinmunity Homes Limited Nl)'fES I'O Tl41..; fiNANCIAI. STATEMENI'S (CONTINULD) or tlie yecir elided 31 Mai'cli 2025 I I EXPENDITURE ON CklARITABLE ACTIVITIES 2025 2024 Property m(Illclgen)eiit fees (See i)ole l O) Support costs DepreLialioii o￿l¢C <11111 generiil overheads Legal aii(I professioi)<il fees Fiiiai)ce costs (S<11i1ai)der Lorfin) Aiidil fee 2,443.640 278,147 768,530 102,476 103,378 1,901.897 10.296 2,357,272 249,886 769.709 92,18.3 76,144 ,900,792 10,719 5,608,364 5,456.705 12 STAFF C.OSTS AN[) TRUS1'EF.S' REMUNERATION 2025 2024 Siilaries 219,40.1 198,807 Pei)sioii coiilriblilion 32,433 'l-lie fiveragTe Iiiii))ber of eiiiploy¢¢s for 202.$ ivas 612024.. 5) Iiiid oiie ei))ployee e£lnied IiiorL Iliai) £ 100,000, bill iiol iiiore I1i¢111 £110,00012024'. 011¢ eiiiployee eariie(I i)iore Ilicl11 £90,000 blit less Iliaii £ l 00,0001. Tlie lol(11 eii)plo)'ee beiiefi15 of Ilie key i)iaii41gei)iei)I persoiiiiel of Ilie cliarily ivere £1.30,325 (2024.. £125,264). Noiie of Ilie Trlislees received 1( l)y enioliiineiils or oilier Pl¢ yinei)I for Il)eir services diiriiigy eiilier year. Five Iriislees ivere reiiiibiir5ed expeiises dliriiig Ilie J'ear of £675 ii) lolal (2024.. Tivo truslees, £909). Tliese expeiises iiicliided Irilvelliiigj expeiises. 13 Ilk.C.ONCILIATION ON NL'I. NIOVENIENTS IN FIJNDS TO NET CASH FLOIII FRONI 01)ERA-I'ING AC.TIVITIES 2025 2024 Nel iiiovei))ent iii fLlI)(Is 811,554 (162,465) Adjlislnieiits for.. Dei?reeialioii rge Interest froiii iiivesli))ent5 Ii)lerest 011 Ioqc n (Iii¢reiise)IDecreiise it) debtors (Decre¢lSC)Iliicrease iii creditors 768,530 (182,274) 1,881,639 (269,208) (5,830) 769,709 (158,167} 1,880,534 1,656 {5,648) NET CASH PROVIDED BI, I (USLD IN) OPERATING ACI'IVITIES 3,004,411 2,325.619 19

Bi'ighton & Hove Seaside CoinmLinity Homes Liinited NOTES TO'I'Hb. FINANCIAL S-I A'I'EMIN'fs (CONTINUED) F oi- tlic ye<21' eiiLlecl 31 Marcli 2025 14 ANALI'SIS OF CIIANtiES IN NET DEFIT Al slcirt of year Casl) Floivs Other noii-cas11 Al end of }'ear Cash Loai)s f<illiiig diie iviiliii) one year l.O<?l)s fallii)gJ di1¢ after niore Ihaii one ye<1r 4,623.261 (469,4481 (32,560.1411 77,817 469,448 756,216 4,701,078 {581,808} (31,222,117) (581.808) 581,808 Total (28,406,328) 1.303.481 {27,102,847) 15 INVESTKIENT INCONIE 2025 2024 [31£ Ilk Interest Received 180,-$42 173,212 20