Chaiity règistration number 1156162 (England and Wales)
ASKEW HOUSING TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

ASKEW HOUSING TRUST
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Ms. Hazel Bettison
Rev. Adam Hood
Mr. Michael Thomas Richardson
Mr. lan Hunter Hay
Mr. Graham Ferguson
Charlty numbgr
1156162
Principal address
4 Quay Walls
Berwick-upon-Tweed
Northumberl8nd
TD15 1HD
Independent examiner
Carol Lindsay CA
17 Walkergate
Berwick-Upon-Tweed
Northumberland
TD15 1DJ
Solicitors
Sanderson Mccrgath & Edn8y Limited
4 Quay Walls
Be￿ick upon Tweed
Northumberland
TD15 1HD

ASKEW HOUSING TRUST
CONTENTS
Page
Trustees, report
Independent examiners report
Statem8nt of financial actimties
Balanca sheet
Notes to th8 financial statsments
8-14

ASKEW HOUSING TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statemènts for the year ended 31 March 2025.
The financial stateménts have been prepared in accordan￿ with the accounting policies set out in note 1 to the
financial statements and compty with the Trust's governing document, the Charities Act 2011, FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic of Irelgnd" and the Charities SORP "Accounting
and Reporting by Charities= Ststement of Recommended Practice applicable to charitl8s préparing théir accounts
in accordance with the Financial Reporting Standard applicable in thè UK and Republic of Ireland (FRS 1021"
Mission statomènt
The Askew Housing Trust (the Trust) was set up to provide low cost housing for specific groups of qualifying
people.
The trustees endeavour to select tenants and 0￿upIerS from disadvant8ge<l backgrounds who are. in Iheir
opinion, deserving of the benefft of the Trust.
Objectivès and aclivities
In selecting tenants to meet the Trusfs mission, the Trust's objects consider the following..
i) such persons shall as far as possible be persons resident in or originally born in the Borough of Berwick upon
Tweed, or the widows or widowers of such persons.
li} subject to the special merit or special circumstances of any particular applicant or applicants, the first
preference Shall $0 far as practicable be given to men, and the widows, children and dependents of men who
have served in Her Majesty's Forces (Naval, Military orAirl in any War especially men who are by reason of such
service totally or Pa￿allY disabled from full or active work and Ihe widows, children and dependents of men who
were by reason of such service killed or totslly or partially disabled from full or active work.
iii) subject as aforesaid preference shall be given (among applicants whose daims are olheNise equall to those
who have been longest resident in the Borough of Berwick upon Tweed.
iv} in default of any such persons being suitable applicants the trustees may select any other pe￿on or person5
who in the opinion of the trustees is or are associated with th8 Borough of Berwick upon Twe&d by family
occupation or olhefwise.
vl the selection by the trustees shall be absolute and final in every respect.
Thè trustees continue a rolling repair programme on the properties of the Trust, having carried out general works
during each y&ar.
The trustees have paid due ￿gard to guidance issued by the Charty Commission in deciding whal activities the
Trust should undertake.
The Trusfs policy is to consult and discuss with employees, through unions, staff councils and at meetings.
matters likely to affect employees, interests.
Information of matters of concern to employees is given through infomiation bulletins and reports which seek to
achieve a common awareness on the part of all employaes of the financial and economic factors affecting the
group's performance.

ASKEW HOUSING TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achlèvements and performancè
The Trust has achieved its charitable objectives for the period and continues to meet the challenges arising from
increased regulation. The Trustees note that the costs of complying with the regulations are also increasing.
The financial performan￿ and position as at the period end are described below.
Grants and Donations
There were no capital commitments as atthe balan￿ sheet date {2024.' £Nil).
Investment Policy
Sufficienl surplus funds to cover any foreseeable contingency are held in cash deposits to allow for immediate
access should this be required.
The Trusvs funds deemed not to be immediately required are held on Treasury Deposit or invested in Charibond
funds and Pamenion Ethical GIA to provide income. as w811 as benefiting from capital growth whilst minimising
risk.
Listed investments are revalued annually as at the period end. Realised and unrealised gains or Ic6ses are
reported through the Statement of Financial Activities.
Investment Performan¢e
The value of the Trust's investments in Charibond fvnds has increased from £10,090 to £10,446. ThE reflects the
increase in th8 Stock market over th6 past ￿61V0 months. Incom8 from this invéstmènt is in liné with thè previous
year.
The Trust holds inveslments in the P8mienion Ethical Portfolio to achieve capital growth over and above inflalion
whilst adopting a socially responsible Stan￿ towards inveslments. The value of the investment as at the balan
sheet date decreased to £122,532 from £123,849 due to geopolitical reactions to world trade &conomic during
the year.
Employees and Volunteers
The Trust employed one member of stsff during the year.
Flnanclal revlew
The Trusfs income for the period is composed primarily of tenants, rents. This is supplemented by income from
cash deposits and investments. Total income for the year amounted to £113,29412024'. £102,573)-
Expenditure for charitable purposes, management of the Trust and investment amounted to £71,430 12024-.
£75.2281. The net gain for the year, including the unrealised loss on revaluation of investments of £1,938 (2024=
£4.341 gain) was £39,92612024.' £31,686 gain).
Closing reserves were therefore £412,634 as at the balan￿ sheet date {2024-. £372,708).
It is the policy of the Trust that unrestricted funds which have not been designated for a specific use Should be
maintained at a minimum level equivalenl to between three and six months, expenditure. The trustees considers
that reserves at this level will ensure that, in the event of a significant drop in funding, they w'll be able to
continue the Trust's current activities while consideration is given to ways in which additional funds may be
raised. This level of reserves has been maintained throughout the year.
Risk Management
The trustees have assessed the major risks to which the Trust is exposed. and are satisfied that systems are in
place to mitigate exposure to the major risks.
Plans for the futura
The Trust intends to continue to provide housing to those in need and to carry out repairs on the prop8rti8s as
necessary. Currently, fvnds are at a level which will allow this to be achieved.

ASKEW HOUSING TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Public Benefit
Throughout this report the trustees have sought to highlight those activitiès undertaken by the Trust in
fijrtherance of its d)aritable objectivés for the public benefit.
The Trust continually considers its activrties and policies with particular regard to the public ￿nefit guidance
published by the Charity Commission under Section 4 of the Charities Act 2011.
Structure, governance and management
The Trust was established by a Constitution on 13 March 2014. On this date, the assets of Askew Housing Trust,
an unincorporated ch8rity, numb8r 0231176, were transferred to the charitable incorporated organisation {ClO).
The Trust is a register8d CIO, number 1156162.
Trustees act in a voluntary capacity and do not receive any remuneration. Trustees are appointed in accordanc8
with the tems of the Constitution.
The trustees who seNed during the year and up to the date of signature of the financial statements were..
Ms. Hazel Bettison
Rev. Adam Hood
Mr. Michael Thomas Richardson
Mr. lan Hunter Hay
Mr. Graham Ferguson
Statsment of trustees, responslbllltles
The trustees are responsible for preparing the Trustees, Report and the financial statements in atxordance with
applicable law and United Kingdom Accounting Standards {Unitsd lQngdom Generally Accepted Accounting
Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial $12tements for
éach financial year which give a true and fair view of the state of affairs of the Trust and of thé incoming
resources and application of resources of the Trust for that year.
In preparing these financial statsments, the trustees are required to..
- Select suitable accounting policies end then apply them consistently.,
- observe the methods and principles in the Charities SORP.,
- make judgements and estimates thgt are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the ff nancial slatements; and
prepare the financial statements on the going concern basis unless it is inappropriate to prèsum8 that the Trust
will continue in operation.
The trusts8s are responsible for keeping Sufficient accounting records that disclos8 with reasonaL4e accurary at
any time the financial position of th8 Trust and enablé thém to ensure that the financial ststements comply with
the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 anrj the provisions of thg trust
deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps
for the prevention and detection of fraud and other irregularities.

ASKEW HOUSING TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The trust88s' report
proved by the Board of Trusts8S.
Mr hlark Pentecos
Secretary
Datsd.. 26 June 2025

ASKEW HOUSING TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ASKEW HOUSING TRUST
I report to the trustees on my examination of thè financial ststements ofAskew Housing Trust (the Trust) for the year
ended 31 March 2025.
Responsibllitle$ and basis of report
As the trust66s of the Trust you are responsible for the prèparation of the financial ststements in accordance with
the requiréments of the Charities Act 2011.
report in respect of my examination of the Trust's financial ststem8nts carried out under section 145 of the
Charities Act 2011. In carrying out my examination I havé followed the Direclions given by the Charity Commission
under section 14515llb} of the Charitiès Act 2011.
Independent examinerfs statomont
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examinalion giving me cause to believe that in any material respect.-
accounting records were not kept in rèspect of the Tnjst as required by section 130 of the Charitie5 Act 2011.
the financial statements do not accord with those records., or
the financial statements do not comply with the applicable requirements conceming th8 fomi and content of
financial ststements set out in the Charities <A￿ounts and Reports) Regulations 2008 other than any
requirement that Ihe financial statements give a true and fair view, which is not a matter considered as part ol
an independent examination.
I confirm that thère are no other matters in connection with the examination to which attention should be drawn in
this report in order to enable a proper understsnding of the financial statements to be reachéd.
Carol Llndsay CA
17 Walkergate
Bernick-Upon-Tweed
Northumberland
T015 1DJ
26 June 2025

ASKEW HOUSING TRUST
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Unrestrfcted
funds
funds
2025
2024
Notes
Income from:
Charitable activities
Investsnents
107,974
5,320
98.064
4,509
Total income
113,294
102,573
Exponditure on:
Raising funds
Charitsble activities
1,538
69,892
1.457
73,771
Total expenditure
71,430
75,228
Net gainsl(losses) on invéstments
10
{1,938)
4.341
Net Income and movement in funds
39,926
31.686
Rèconeiliatlon of funds:
Fund balances at 1 April 2024
372,708
341,022
Fund balances at 31 March 2026
412,634
372,708
The statsment of financial activities includes all gains and losses recognised in the year. All income and expenditur8
derive from continuing activities.

ASKEW HOUSING TRUST
BALANCE SHEET
ASAT31 MARCH 2025
2025
2024
Note$
Flxed assets
Tangible assets
Investments
12
13
108.503
132,978
108,503
133,939
241,481
242.442
Current a88ets
Debtors
Cash at bank and in hand
15
294
171,531
131,352
171,825
131,352
Creditors: amounts falling due wlthln
one year
16
(6721
(1,086)
Net current assets
171,153
130,266
Totsl assèts le85 current liabllitle•
412.634
372,708
Income funds
Unrestricted funds
412.634
372,708
412.634
372,708
The financial ststements were approved by the Trustees on 26 June 2025
M$. Hazel Bettison
Trustee

ASKEW HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounllng pollcles
Charity information
Askew Housing Trust is a charitable incorporated organisation which was established by a Constitution on 13
March 2014. The Trust is a registered CIO, number 1156162.
1.1 Accounting convention
The financial statements have been prepared in accordance with the TrusV5 govemirig document, the
Charities Act 2011. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
and the Charities SORP Accounting and Reporting by Charities- Statemenl of Recorrmended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)" The Trust is a Public Benefit Entity as defined by
FRS 102.
The Trust has taken advantage of the provisions in th8 SORP for charities not to prepare a ststement of cash
flows.
The ffinancial statsments are prepared in stsrling, which is the fvn¢tional ¢urrency of the Trust. Monetsry
amounts in these financial statements are rounded to the nearest £.
The financial stat8ments hav8 been prepared under the historical cost convèntion, modifi8d to includ8 the
revaluation of certain financial instruments at fair valu6. Thé principal accounting policies adopted are set out
below.
1.2 Going concern
At the time of approving the financial ststements, the trustees have a reasonable expectation that the Trust
has adequate resources to continue in operational existence for the foreseeablè future. Thus th8 tnjstéés
continue to adopt the going concérn basis of accounting in preparing th8 financial statements.
1.3 Charitable funds
Unrestricted funds arè available for use at tha discrets'on of the trustees in furtheran￿ of their charitsble
objecttves unless the funds have been designated for other purposes.
1.4 Incomlng resources
Income is recognised when the Trust is legally entiued to it after any performance conditions have been met.
the amounts can be measu￿￿ reliably, and it is probable that income will be received.
Cash donations are recogni5ed on receipt. Other donation5 are recognised once the Trust has been notified of
the donation, unless performance conditions require deferral of the amount. Income tax recoverable n relats-on
to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Trust has been notified of an impending distribution, the
amount is known, and receipt 15 expected. If the amount is not known. the legacy is treated as a contingent
asset.
Tumover is measured at the fair value of the consideration received or re￿IV2b1e and represents amounts
re￿1vable for goods and services provided in the normal course of business, net of dis¢ounts, VAT and other
sales related taxes.

ASKEW HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Conllnuedl
1.5 Tangible fixed assets
Tangible fixed a$$ets are initially measured at cost and subsequentty measured at cost or valuation, net of
depreciation and any impaimient losses.
Tangible fixed assets are stated at cost. No depreciation 1$ provided on freehold propèrtiès as in the trustees,
opinion the residual value will be in excess of any carrying value.
The freehold land and property is held in furtherance of the Trust's objectives and not as investments.
All assets are caprtalised whatever their value. All assets are reviewed for impaimjent and written down to
their recoverable amount, where necessary.
Th8 gain or loss arising on the disposal of an asset is detstmined as Ihe differen￿ bebmeen the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.6 Fixed asset Inv•stments
Fixed asset investments are inilially measured at transaction price excluding transaction costs. and are
subsequenlly megsured at fair value at each reporting date. Changes in fair value are recognised in net
incomel{expenditurel for the year. Transaction costs are expensed as incurred.
1.7 Impaimient of fixed assets
At each reporting end date. the Trust reviews the carrying amounts of its tangible assets to detemiine whether
there is any indication that those assels have suffered an impaiment loss. If any such indication exists, the
recoverable amount of the asset is estimated in order to detemine Ihe extent ot the impaim7ent loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
Basic financial assets
Basic financial assets. which include debtors and Cash and bank balances, are initlally measured at
transaction pricé including transaction costs and are subsequently carried at 8mortised cost using the effective
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 market rate of interest. Financial assets
classified as receivable within one yéar are not amortised.
Basi¢ flnanclal Ilabllltles
Basic financial liabilities, including creditors and bank loans are inrtially r8cogni58d at transaclion pnce unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interesL Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequenlly carried at arnortised cost, using the effective interest ralè method.
Trade crèditors are obligations to pay for goods or servi￿5 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, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequenlly measured at amortised cost using the effective interest method.
Der￿0gnft10n of financial liabilities
Financial liabilities are derecognised when the Trust's contractual obligations expire or are discharged or
cancelled.

ASKEW HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcios
(Contlnued
1.9 Employee beneflts
The cost of any unused holiday entitlement Is recognised in the period in which the employèé's serwces are
re￿ived.
Temination benefits are recognised immediatsly as an expense when the Trust is demonstrably committed to
tsminate th8 employment of an employee or to provide termination benefits.
1.10 Rent
Rent r￿1Ved in respect of the Trusys propety lets is accounted for in the period in which it is re￿1Vable.
Critical a¢eounting estimates and Judgements
In the application of thè Trust's accounting policies, the trustees are required to make judgements, estimates
and assumptions about thè carrying amount of assets and liabilities that ar8 not readily apparent from other
Sour￿$. The estimates and associatèd assumptions are based on historical experi6nc8 and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are rèviewed on an Dngoing basis. Revisions to accounting
estimates ar8 r8cognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of tha r8V15ion and future periods where the revision affécts both current and fLrture
periods.
Income from charitablè activities
Unre8tri¢tsd Unrestrlcted
funds
funds
2025
2024
Rent
107,974
98,064
In¢ome from investments
Unre8trictsd Unrestrlcted
funds
fund8
2025
2024
Other income
Interest receivabl8
3,420
1,900
3,113
1,396
5,320
4,509
10-

ASKEW HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Ralslng funds
Unrestrictsd Unrastricted
funds
lunds
2025
2024
Investment management
1,538
1,457
1,538
1,457
Charltable acllvltles
Direct Govemance
charitablè
Costs
expenditure
Total
2025
Total
2024
Staff costs
Hèat and light
Council tax and water rates
Insurances
Repairs
General administration expenses
Bank charges
5,877
2,989
18,496
7,654
21,020
603
5.877
2,989
18,496
6,040
2,373
17,547
7,049
28,165
906
60
21,020
603
58,639
56,639
62,140
Share of govemance costs (see note 71
13,253
13,253
11,631
56,639
13,253
69,892
73,771
Support costs
2025
2024 Basis of allocation
Secretary's fees
Accountsncy
9,905
3,348
7.791 Govèrnance
3.840 Governance
13.253
11.631
Analysed be￿een
Charitable activities
13,253
11,631
G0Veman￿ costs includes payments lo the independent examiner of £2,580 (2024: £2,520) for indep8ndent
examination fees.
11

ASKEW HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
None of the trustees (or any persons connected with them) received any remuneration or éxpenses during the
year (2Q24.' £Nill.
Employees
Number of employees
The average monthly number of employee5 during the year was..
2025
Number
2024
Number
Average numb8r of employees
Employmènt costs
2025
2024
Wage5 and salaries
5,877
6,040
Th8r8 were no employees whose annual remuneration was £60,000 or more.
10 Galns and.Iossos on investments
Unrestricted Unrestricted
funds
funds
2025
2024
Gainsl{lossès) arising on..
Revaluation of investments
{1,9381
4,341
11 Taxation
The Trust is exempt from taxation on its activities because all its income is applied for charitable purposes.
12 Tangible fixed assets
Land and
Property
buildings improvements
Total
Cost
At 1 April 2024
43,213
65.290
108.503
At 31 March 2025
43,213
65,290
108.503
Carrylng amount
At 31 Marth 2025
43,213
65,290
108.503
At 31 March 2024
43.213
65,290
108,503
12-

ASKEW HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Tangibla fixed assets
(Conllnued)
The trustees acknowledge that the market value of the property is much greater than its carrying value.
However, they do not feel that a revaluation is required as there is no intention to dispose of any property in
the future.
13 Fixed asset investments
Listed
Unlisted
investments investments
Total
Cost or valuation
At 1 April 2024
Additions
Valuation changes
Disposals
123.849
20.351
{2.125)
(19.543)
10,090
133,939
20,351
(1,7691
(19,543}
356
At 31 March 2025
122,532
10,446
132.978
Carrying amount
At 31 March 2025
122,532
10,446
132,978
At 31 March 2024
123,849
10,090
133.939
14 Financial instruments
2025
2024
Carrylng amount of flnancial a88ets
Equity instruments me8sured at cost less impaimènt
132,978
133,939
Carrying amount of financial liabilities
Measured at amortised cost
672
1,086
15 Debtors
2025
2024
Amounts falling due within one year:
Trade debtors
294
16 Creditors: amounts falling due within one year
2025
2024
Accruals and deferred income
672
1,088

ASKEW HOUSING TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Unrestrl¢ted funds
Incomlng
resources
Resources
expended
Galns and At 31 March
108se8
2025
2024
General fijnds
372,708
113,294
(71,4301
(1,938)
412.634
Prevlous year:
At 1 April
2023
In¢oming
resourees
Resources
expended
Gaing and At 31 March
108se$
2024
General funds
341,022
102,573
175,2281
4,341
372,708
18 Analysls of nat assots betwoan funds
Unrestricted
funds
2026
At 31 March 2025:
Tangible assets
Investmènts
Current assetsllliabilitl8s)
108,503
132,978
171,153
412,634
Unrostrlcted
funds
2024
At 31 March 2024:
Tangible ass8ts
Investrnents
Current assetsl{liabilitiesl
108,503
133.939
130.266
372,708
19 Related paty tran8actions
There were no disclosabl8 r8lat8d paty transactions during the year (2024: None).
14-

ASKEW HOUSING TRUST
DETAILED INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
2026
2024
Investment income
Deposrt account interest
Investment income
1,396
3,113
3.420
5,320
4,509
Incoming resources from charitable activities
Rent
107,974
98.064
Total Incomlng resources
113,294
102,573
Invostment managoment costs
Investment management cosls
(1,538)
(1,457)
Direct Charitable exponditure
Wages
Heat and light
Council tsx and water rates
Insurances
Repairs
Général administrab'on expenses
Bank charges
5,877
2,989
18,496
7,654
21,020
603
6,040
2,373
17.$47
7.049
28,165
60
(56,639)
{62,140)
Governance costs
Secretary's fees
Accountancy
9,905
3.348
7,791
3,840
113.253)
{11,631)
Net gainsllosses on investments
Revaluation of invesbments
(1,938)
4,341
Surplus for the Year
39.926
31,686
15-