2025-12-31-accounts

THE UNITED CHARITIES OF ABEL COLLIN

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees present their annual report and financial statements for the year ended 31 December 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

Originally founded by Will in 1704, the United Charities of Abel Collin (“the Charity”) owns 63 properties and a recreation hall, situated at Derby Road, Beeston, Nottingham. These provide homes for men and women aged 60 years and over of modest means who, at the time of their application, live within the City of Nottingham and the adjacent Boroughs of Broxtowe, Gedling and Rushcliffe. Within the charity’s overall purpose of providing housing for elderly people, the trustees’ aim is to maintain the properties and facilities to a modern standard of accommodation in order to create a secure and comfortable environment for residents.

Trustees have complied with their duty under the Charities Act 2011 to have due regard to public benefit guidance published by the Commission. This guidance has been referred to in the setting of objectives and operating and financial reviews include details of activities undertaken during the year in furtherance of those objectives.

Achievements and performance

A separate Administrator’s Report, outlining the charities operational matters throughout 2024, has been prepared and is attached with this report. The following is a brief summary:

The homes modernisation and major works programme continued during the year, totalling £187k. This was an increase of £5k over the previous year. Trustees drew up a planned programme of major works to both grounds and properties, which has helped to re-invest in the charities’ infrastructure. General property refurbishment works have included kitchen and bathroom modernisation, total redecoration and replacement of front doors. Within the grounds, boundary works and major repairs to the front wall have been completed.

The charity undertook its first Quinquennial Inspection in 2024, which raised some further matters to be addressed, and we carried out works to replace the soffits and fascias to some of the bungalows. For 2026 we will look to carry out pointing work to chimneys as was recommended.

The breakdown of the 2025 spend is shown below:

The breakdown of the 2025 spend is shown below:
	£’000
Kitchens, wet rooms, refurbishments, boilers etc (capitalised)	164
Other non-routne repair works etc. (treated as revenue repairs)	23
Total	187

Financial results and position

This year has produced a net income from activities of £15k whilst spending £310k on the properties and this is how we achieved it.

Capital Spend £’000s 94 64 9 41 20 18 246 64 310	We only refurbished 4 propertes the year and as a result occupancy increased from 97.1% to 97.9%. The weekly maintenance charge was increased by more than infaton but stll at a level well below the local housing allowance, demonstratng our charitable aim of providing low-cost housing for the needy. As a result our charitable income increased by Replacing fascias and softs for some of the bungalows, as recommended in the previous year's quinquennial report, produced no cost savings. At the beginning of the year we replaced the gas boilers in the 4 newest homes with electric radiators and completed the project, started in 2023, to replace the doors in the remaining 11 of the original homes. In additon we had electric smart meters installed in all propertes. These measures together with warmer weather and lower electric unit costs from March produced lower electric and gas costs of These costs are charged to the residents, and we were able to maintain their charges at 2024 levels as we contnue to claw back a subsidy from Covid tmes The analogue alarm system to all propertes was replaced with a digital one which resulted in a slightly lower cost for alarms of Other smaller project spend produced no cost savings The total capital spend produced additonal income of Day to day repair expenditure was lower than last year Modernisaton repairs spend The total spend on the propertes produced additonal income of With having no large grounds maintenance projects in the year and shrubbery work contained within the monthly contract these costs were lower by We pay the residents water bills but the steep rise in costs in the year of 20% means we may have to re-think how this can be funded in future years, if this level of increase is maintained. Other expenditure costs were slightly higher by Net Charitable income increased in the year by Net trading income was higher as a result of having higher solar income ofset by having rent at the new lower level for a full year. Net Investments income was higher because of lower management charges. Overall the net income for the year was higher by Last year expenses were higher than income But this year we have achieved income higher than expenses of During the year we sold investments to the value of £150k to help fnance the amount we spent on the propertes, but the investments gained in value by Which resulted in a net movement of funds of	Efect on SoFA £’000s 26 31 1 58 3 (21) 40 9 (7) (2) 40 2 10 52 (37) 15 120 135

Cash on deposit stood at £181k and was held within Flagstone Group deposit accounts. Other cash balances were held totalling £58k.

Funding sources

Residents contribute towards weekly maintenance and heating and lighting. The charity derives external income from letting of commercial property and from other financial investments and this funding is currently used to finance the existing residential property modernisation programme and other major items of expenditure. In order to finance the modernisation programme it was necessary sell investments of £150k during the year.

Reserves policy

Reserves are needed to bridge the gap between the spending and receiving of resources and to cover unplanned emergency repairs and other expenditure. Short-term requirement the charity has a regular 4-weekly income flow through its Maintenance Charge from its residents which normally covers the expenses but £60k is considered to be required to cover working capital needs for the next 12 months.

Designated Funds

Modernisation fund

Funds are needed for modernisation of the homes, unexpected repairs which may occur and for repairs of a cyclical nature. When properties become vacant, they are reviewed for potential updating and redecoration. In the short term a sum of £125k is deemed to be necessary to cover this work and an additional £50k is needed to cover replacing boilers and extraordinary repairs. This makes a total of £175k. The Fixed Assets investments totalling £2,416k have been set aside to cover future modernisation and other costs. This makes a total of £2,591k held in the fund at the year end.

Homes fund

The charity is dependent on its Tangible Fixed Assets for the achievement of its charitable purpose of providing accommodation for people with limited means. These assets are vital to the work of the charity and cannot be sold off as individual units. At the year-end these were shown as having a book value of £xk. Free reserves at the year-end totalled £164k, being an adequate level for the charity's operations.

Investment policy

The overall investment objective is to produce ongoing income and long-term growth to enable the estate to be improved to meet the needs of future residents, within an acceptable level of risk. The target performance for the investments is to achieve a total return (Capital growth and Income) of the Consumer Price Index plus 3% over the long term. Quarterly valuations of stock market investments are prepared by our investment advisers, who attend meetings as and when required by the trustees.

Since 1 January 2023 the fund has performed as follows:

Total Return 19.8% Annualised Return 6.2% Annualised CPI 3.3%

The investment property was revalued by Lambert Smith Hampton in October 2022 at £600,000.

Risk management

Risk Management forms an integrated part of our duties, and trustees regularly review risks to which the charity is exposed and put in place measures to mitigate. The Risk Management Plan is a dynamic and ever evolving document, and over the last twelve months the trustees have managed identified risks by increasing staff training and communications with residents, to ensure continued safety and awareness for all concerned.

Future Plans

The charities’ day to day work of maintaining modern comfortable living accommodation set within an independent and social environment, will continue to be a priority. In addition to this regular management regime trustees are also looking to the horizon of new opportunities, that will improve residents’ experiences of the homes and embrace the challenges of ever-changing environments both natural and financial.

Priorities for the next five years are encapsulated in the Strategic Plan – as follows :

GOVERNANCE	 review our_purpose_and strengthen_culture_  introduce_procedures_that bring greater accountability, and improve_performance_  place_people_at the heart of what we do
FINANCE	 review investment strategy  valuaton of investment property  explore income diversifcaton
PROPERTIES + GROUNDS	 contnue refurbishment programme of propertes  adopt new technologies where appropriate – to include long term plan to move away from gas  secure new locaton for on-site ofce accommodaton  re-purpose boiler house for safe and secure storage  support sustainable projects  introduce greener grounds maintenance regimes
HUMAN RESOURCES	 explore possible introducton of Volunteer Programme  trustees skills + development
RESIDENT SERVICES	 develop opportunites for residents to extend choices for independent living  increase group health-based + wellbeing-based actvites  strengthen communicatons

Structure, governance and management

The charity No 1188997 is a charitable incorporated organisation (CIO) and is governed by a constitution dated 8 April 2020.

The board of trustees meets a minimum of eight times a year. The main business focusses on reports from both the Administrator and the Independent Living Co-ordinator, together with a review of site and property management. Financial performance is reviewed on a quarterly basis, including investments. Residents’ meetings are facilitated by the Independent Living Co-Ordinator, both formal and informal.

The Board welcomed Mr P Whittingham in February 2025, bringing additional housing sector experience and Ms A Evans in December 2025 bringing legal experience. One of the longest serving trustees, Mrs B Bennett, resigned from the board in March 2025.

The charity employs two full time staff, who work closely with individual lead trustees and the board. In 2025 the Administrators’ focus has been to oversee the property and grounds maintenance contracts, seek new residents for voids and support the board and trustees. The Independent Living Co-Ordinator has focussed on developing a well-balanced activities and wellbeing programme for residents and overseeing resident welfare, including safeguarding.

Trustees

The trustees serving office during the year and up to the date of signature of the financial statements were:

Co-optative Trustees

Co-optatve Trustees
Ms M J Coward	Appointed untl November 2028
Ms E Watson	Appointed untl February 2027
Mr J Tank	Appointed untl January 2029
Mr P Mellors	Appointed untl April 2029
Ms J E Ellis (Chair)	Appointed untl April 2026
Ms C Edwards	Appointed untl September 2027
Mr J Douglas	Appointed untl July 2028
Mr P Whitngham	Appointed untl February 2029
Ms A Evans	Appointed untl December 2029

Recruitment and appointment of trustees

The trustees’ aim is to ensure that the trustee body combines an appropriately diverse membership with the professional skills suited to the work which it undertakes. The charity carries out a skills audit of current trustees which identifies knowledge gaps within the board and then actively takes steps to recruit new trustees accordingly. Induction and training ensures any newly appointed trustee

become familiar with the work of the alms house movement, the role of trustee and the practical work of the charity. Mentoring, with both staff and established trustees, plays a key role in the induction.

Staff

The charity employs 2 FTE Staff. The Administrator, Mrs C Barrett, oversees the management of properties and grounds, day to day finances, servicing the board of trustees and selection of residents. The Independent Living Co-Ordinator, Ms S Collishaw, focusses on resident welfare, safeguarding and supporting independent living and the resident activity programme. Both staff are highly valued by trustees and have continued to receive positive feedback from residents.

Summary

In summary, 2025 has been another full, productive and rewarding year for The United Charities of Abel Collin. The board has welcomed two new trustees and one new resident into a newly refurbished homes on site. The activities programme is becoming increasingly more popular with residents, and trustees have supported various social functions throughout the year. Resident feedback has been helpful and positive, and new residents have blended well into our community.

Trustees have continued to give their full support to the charity and to assist staff in specific areas of expertise. This is an invaluable asset and contributes immense value to the smooth running of the charity and ensuring its sustainability well into the future.

Charity vtyistration number 1188997 {Engl*nd and Wal•s) THE UNITED CHARITIES OF ABEL COLLIN ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

THE UNITED CHARITIES OF ABEL COLLIN LEGAL AND ADMINISTRATIVE INFORMATION Trusts•¥ Ms A Evans (Appointed 02112r20251 Ms E Wdlson Mr J Tank IVi¢evChair) Mr P Meuors ￿r￿asUrer} Ms J E Ellis (Chairl Ms C E(frward5 Mr J Douglas Mr P Whitb'ngham Website hltP3'.IlwMY.abekollins.org.uk Admlnlstrator Mrs C Barrett Ind•p•ndont Llvlng Coryoydlnator Ms S Colishaw Charlty numbor 1188997 Principal address 13a Collin's Homes Derby Road Bees11)n Notlingham NG9 2TF Audttor Roggrs Spgn¢gr Newstead House Pdham Road Nottingham NG5 1AP B•nkorn Nab"onai ￿￿tM￿Sttr Bank PIC Smiths Bank Branth 16 South Parade Nottingham NG12JX Flagstone 1st Floor. Cla￿￿lIe House 26-27 Oxendon Street London SW1Y 4EL SollcltOf5 Br(r￿e Ja{￿)$on LLP Mowbray House Casue Meadow Road Notbngham NG2 IBJ Managing ag•nts l¢omnwr¢lal PrO￿rty} Lambert Smrfh Hampton City Gate East Nottingham NG1 1FS

THE UNITED CHARITIES OF ABEL COLLIN LEGAL AND ADMINISTRATIVE INFORMATION Inv￿tment ad¥i50 Evetyn ParlneTS Loxley Fknuse Riverside Bus1r￿S Par Towe Road Nottingham NG2 1HT In•ur•r4 Grout & Judge Insurar Wookyich House 2nd Floor 43 George Street Croydon CRO 1LB

THE UNITED CHARITIES OF ABEL COLLIN CONTENTS Trustees. report statement of trustees. responsibiffib'es Administratorfs report Indep8ndent auditorfs rewt 10-12 statement of ffinancaal ac*viiie5 13 88lan¢e S￿91 14 ststemenl of ¢a$h fiows 15 Notes lo the ￿antial ststem&nts 16-26

THE UNITED CHARITIES OF ABEL COLLIN TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 trLtsteès pr•s8nt thoir annual report and financial statements for the year ended 31 December 2025. The financial statements have Wn prepared in accordance with the accounling poliues set out in note 1 to the financial 51alemerrts and wmply wth the eh3rtVs 9oveming document. the CharTbes Act 2011 and "Accounting and Reporting by Charilie5.' Statement of Reix>mmended Practice appl￿ble to chaTities preparing theif acxounis in accordance with the Finan(¥a Reporting Standard apP￿￿c8b1e in the LIK and Republic of Ireland {FRS 102) leffectNe 1 January 20191" Obfvetiv•s and activiti•s Originalty founded by Will in 1704. the United Char[￿$ of Atel Cdli) nhe ChaW) 63 proFerbes and retyealion han. srtuated at Derby Road. Beeston. Nollingham. Tr*se pro¥idè homes for men and women aged 60 years and over of modest mean5 vtho, at the kn.me of their applica￿"0￿, live wrthin the Ctty of Nottingham and the adjacent Boroughs of Broxlowe, Gedling and Rushdrffe. Wthin the tharrty'5 overall purpose of providing housing for glderty people, th& Iruste¢s' aim is to maintain the properties and faulTties lo a modem standard of 3c¢ommfxlalion in ofder to ueate a sècure and comfortable ￿￿￿[0nM￿tf0r residents. Tru$tee$ hav¢ ¢ompli9d wtth thèir duty und8r the Charibes Act 2011 to have due regard to public benefit gyld8nee published by the Commiswon. This guidance has been ￿ferred to in the setting of objectives and operating and financial rgviws indude details of aCtIv￿eS undertaken during the year in furtherance of those objective5. A¢h10￿ments and p•rfornianc8 A separaie Administrator's Report, oullining the chanbes operation8i matters Ihroughoul 2025, has baan prèpared and is attached with this report. The fcknying is a brief sumrn3ry'. The home5 modernisatK)n and major works pr¢gramme conts.nued during the year, totalling £245k. This was an increase of £58k over the prewous year. Trusltres drew up a plannèd programme of major works to both grounds and properties, which has helped lo re-invest in the chanb"es' 1nfra5tru¢AU￿. General property refurbishment works have Includ￿ kitchèn and bathroom modemisathjn. totab T￿￿)ratiOn and replacement of front doors. wrthin the grounds. boundary works and m8jor repairs to the front wall have been COMp￿ted. The ehanty undertook its first Quinquennial Inspeclion in 2024. whth raisèil somè further matters to b& addressed, and we carried Olrt works lo repla￿ the soffit$ and fasLaas to somè of the bungalcws. For 2026 we will look lo cary out pointing work to chimneys as was recommendeil. The breakdown ofthe 2025 spend is 5hcwi below. Kitchens, wel Tooms, re￿rbiShrnents, boli ers et¢ (¢aPit￿lsed) Other non-ioutine repair Works etc. {treated a5 revenue repairs} Total 196 49 245

THE UNITED CHARITIES OF ABEL COLLIN TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Flnanclal Revlgw Thls year has produced a nel income from adi￿leS of £16k wh15t spenthng £310k on the properfies and this 15 how we achbeved it. Pro Spend £'OOOs 94 We onty retsrtM5hed 4 prrybes Ihe year and as ft ￿Ul1 occw>Ancy Irbrxe85ed from 97.1% to 97 9% The weW m8intenaTrce dwrge Iwea5ed by mole Ihan infiatlon bul $111 al alovet well bg&Jw tho local houslng allowanca, damonstra￿ng our charitablg alm of pn)vlthng Iow-COSt housing lor the needy. As a resutt. our tharitable i>eome i￿￿e&sed by 64 Replacing faseias and Solfits for some of Ihe t￿ngalowS. as recommended the pr￿ouS year's qulnouennlal repoi( prothced no cosl sa￿. 9 At the beglnning of the year. wg reFlaced the gas bo19￿ in the 4 n￿Ost home5 with electric ra(fialots and complèted the started In 2023. to 41 replace the doors in the remaining 11 of the oiigina homes. In addllion. we had èleelrfc smart meters Instsled In all woperlles. These measures together wamiei weather and lower dg(k c4)sts from Marth woducgd lower electric and gas costs of Th8Sg Costs are charged lo the residents. and Twe w￿e able to malntaln the charg8s at 2024 leve& as we ccthlinue lo daw back a sub3ity fwom Covid times 20 The analogue aiami system to al properties was Teplaced wilh a ifigitd ong whith resuhed a slNJhtty kn¥er cost for alam￿ of 17 Olhei smaller proiecl spend produced no c05t saviry 245 The total capllal ¥end wothced addhional Income of 65 Day lo day repair expendrture was lower than ￿st year Modemlsason repairs spend 310 The lotal spend on the properties prOd￿0d alkllllonal wKome of Wrth having Tro large ￿oundS malnten4nce FwoFcls kn the year and shmbbèry eontslned wllhln the nN)nthfy contraci these costs were lower on SOFA £'OOOs 31 58 35 We pay the ￿SIdents water tals the steep rise in costs in Ihe year of 20% means wè may have to rfrthink how thts can be funded in futurg ywrs. rf this lev81 of Incr8ase Ss malntalned. CXh8r 0xpen(B￿re costs were slghty loww by Net Charitable income increased in the year by Net tradity income was hijher as a ol having higher sdar income ofFset by having rent at the new Ic4ver level for a full year. Net Invesknents Income was ￿kor because of lower management th￿99. Ovorall. the net income for the year was hlghei by Last year expenses were higher than i￿ome But this year we have ad¥eved income hi￿¢[ Ihan expenses of t)uring the year we sold investrnerts to the value of£150k to h finance th amount we spent on the properbes. bkrt the nvèstments qained in value by knich resulted In ¥ rt moVemW￿ of fi*ThJs of 41 10 53 37 16 120 136

THE UNITED CHARITIES OF ABEL COLLIN TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Cash on deposit stood at £181k ond vras h8ld within Flagstone Grwp dèposit accounts. Olher cash balarThs were held lolalliThJ £158k. Res•r•o$ polky R￿￿e$ are noedad to bridge the gap belween the spgnding and r￿Ning of reBour¢¢$ to cover unplanned emergency rèpairs and other expendiiure. Short-lem) requirement the charTty has a regular 4-weekly income flow through its Mainlenance Charge from its residents whi(th nomially covers the expenses bul £60k is considered to be required to Cover working c¥ital needs for the next 12 motths. Mod•rnisation fvnd Funds arè needed for modemi8ation of the hms. wxpected repairs whith may o¢cur aNI for repairs of tyclical nalure. ￿en properties become vacant. they are remewed for potenlkal updating and redwration. In the short term a sum of £125k is deemed to be necessary to cover this work and an additional £5CM( is needed lo rnver replacing boilers and extraordinary repairs. This makes a total of £175k. The Fixed Assets investments tolalling £2,416k have been set aside to cover future modemisah.on and other ¢o$ts. This makes a total of £2,591 k held in the fvnd al the year end. Homes fund Charity is dependent on its Tangible Fwl Assets for the achievement of rts ¢h8rilable Purpose of providing accommoda￿On for peO￿e with limited means. These assets are vital to the work of the charity and ¢annot be sold off as individu81 units. Al ts yèar-and these were shown as hawng a book vabje of £2.014k. FTee res&ms at the yearond totaled £164k. b&ing an adequate ￿e1 forthe c*aYW$ opgralions. Fundlng •ouYc•s Res¥Jenls contribute towards weèkty Maintenan￿ and heab.ng and Iwjhting. The chaTity derives extemal income from lètting of commercial properly and Irom other financial investments arKI this fijnding is ojffenuy used lo finan￿ the oxisting residenlial property modemisation programme and other maitir items of expenditure. In order lo ffinance the modemisation programme Tt was necessary sell investments of £150k during Ihe year. Inv•stm•nt pollcy The overan In￿$￿￿8n1 objective is to prod￿ onwng in¢wie and lonTrtenn griywth to enablo the estate to be improved lo meet the needs of future residents. wthin 8(teptable level of risk. The target perfoman¢e for the nvestments is to athieve a total retum {Capital growth and Income) of th¢ Consumer Price Index plus 3% ovèr the long term. Quarterfy valuations of sloek markel investments are prepared by our investment athsers. who ttènd meetings as and when required by the trustees. Sinix 1 January 2023 the fvnd has performed as fdlows.. Total Retum 19.89 Annualised Retum 6.V Annualised CPI 3.3V The investment Property wa$ revalued by Lambert Smth Hamkrton in October 2022 at £6(Kl.OW. Risk m#twg•mènt Ri3k Managament forms an integrated part of our dubes. and trusteès regularfy review ri$k5 lo whth thé chaiity is exposed and put in place mea5UTes to mrtigate. The Risk Management Plan is a dynamic and èvèr èvolving doc￿ment. and over the last ￿e1ve months thè trustees have managèd wjenlified risks by increasiThJ staff training and communications with residents, to ensurè continued safety arKJ awareness frjr all concemed.

THE UNITED CHARITIES OF ABEL COLLIN TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Futu￿ Plans The charities, day lo day work of maintsining modem cOmfoTtal￿e li￿n9 accommodation set within an independent and soaal environment, will conts.nue lo be a pfiorty. In add￿on to this ragular management regime trustèès are also looking to the horvzon of new opportunrties. that impmve residents, experiences of the homes and embr￿ the Challenges ol ever4hanging enmronments both natural and finanual. Priorities for the next five years are encapsulated in Ihe Strategic Plan- as follows .' OVERNANCE review our puw¢xs& and stren9th¢n cufturg Iroduce proGedur#s that bring greater acc￿UntabIlty, and improve p6rfom&nc& F4ace peo￿9 * tho ho•1 ofwhat w• FINANCE revEw investrnent stratègy valuation of investmènt propèrty k)ro ineomè dNèrsificat)n ROPERTIES + ROUNDS eontinue refurbishment programme of properbe5 adopt new technologies where appropriate- to in¢knJ¢ bng tann plan lo move away from gas secjjre new bcation for on-site office 8(tommod8tion r&purpose boiler house for safe and secure storage 5UPPOrt Sustsinable proJe¢is introduce greeneT grouTHls m8inienanf re9imgs UMAN ESOURCES explore possible introducaK)n of VduntÈer Programme trustees sknlls + development RESIDENT SERVICES develop opportunities for TesKknts to exteThJ thoKes for independent living increase group heaNh-b¥sed * wtllbèing4Jased ac*iwties streruthen communicats.ons

THE UNITED CHARITIES OF ABEL COLLIN TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Structuie, governance and management The charity No 1188997 is a (8rilable in￿rporated rxganisatlon {CIO) and Is gov9m9d by a constllution dated 8 April 2020. The board of Iruslees meets a minimum of e￿h1 times a year. The main business focusses on reports from both the Administrator and Ihe Independent Living c(￿rdInat0r. together With a review of srte and property management. Financial perfomance is Teviewed on a quarterly basis, induding investmenis. Residents. meetings are faalitated by th& Independent Liwng C¢>Ordinator. both formal and infom)al. The Board welcomed Mr P Whrtt"rngham ￿ Fèbruary 2025, bringit)g add￿onal housing sector experience and Ms A Evans in Decèmbèr 2025 bringing legal eX￿rien(%. Onè of the longest serving trustees, MTS B Bennett, resignad from the board in March 2025. The carily employs full time staff. who work dosety wth individual lead trustees and the board. In 2025 the Administrator5, focus has b8en to OV8rsee Ihe property and grounds maintenancé o)ntracls, seek new resident5 for voids and support the t)ard and trustees. The Independenl Lmng C(￿rdinatOr has f￿USSed on developing a well-balancgd activities and wellbeing programme for resKlgnts and overseeing residont weware. induding safeguarding. The trustees seNng Offi￿ during the year and up to the date of sIg￿tUre of the finandal stsl&menl$ worg.. C(wptalive Trustees Ms 8 8ennett ResigrTrÈd Marth 2025 ReS￿ne￿ F￿nIery 2026 Appointed until February 2027 Ms M J Coward Ms E Watson Mr J Tank Appointed until January 2029 MT P Mellors Appointed until Aprd 2029 Ms J E Ellis (Chairl Appointed until Aprd 2026 Ms C Edwards Appointod until September 2￿27 Mr J Douglas Appoinled until Juty 2028 Mr P Vlhrttingham Appointed unkn"l Feb￿￿ty 2029 M$ A Evans Appointed until Decembar 2029 Margaret Coward reb.red on 24th Fetr￿ary 2026 after 14 years as Trustée and fonnèr Chaii. Her ccnmiiment to the work ¢f the Charty and experti$e in so¢ial housing brought a wealth of kn(P￿ge and experience. and for which wè are honourad to have benefft￿ from her many years. servi￿.

THE UNITED CHARITIES OF ABEL COLLIN TRUSTEES. REPORT (coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2025 R•crnitment and appoinlment of trustees The tTuslees' aim is to ensure that IhÈ trustee body combines an approprialely diverse membership wlh the professional skills suited to the work whith il undertakes. The tharity (xrries out a skills audit of current trustees wh￿h identifies knOw￿dge gap5 within the board and then a(Aively step$ lo ieuuit rw4 trustees accordingly. Induction and training ensures any ¥ppointsd trustee become familiar wrth the work of th6 alns house movemenl, the ro￿ of trustee and the pra<c81 work ofthè charity. Mèntoriig, wilh both staff and established trusl$os, F4ays a key role in th$ induc"on. Summary In summary. 2025 has anoth&r ftdl, produ¢tivo and rèwarding year for Tha Unrted Charithw of Abel Collin. The board has wèlcomed two new trustees and one new resident into a nevAy refurbished homes on site. The actiwties programme is beo)ming increasingty more popular with le￿dents, and trustees have supported various soaal functions Ihroughout the year. Reshlent feedback has been hdpftl and positive. aThJ new residents have blended well into OUT communty. T￿￿teeS have continued to give their full SUFVOrt lo the thartty and to wist *aff in spac4fic areas of eyrtise. This is an invalltable asset and conlributes irnnw￿e value to the smooth funnlng of the th8rity and ￿Suring its sustsinabity well into Ihe fijture. E Ells Chair

THE UNITED CHARITIES OF ABEL COLLIN STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees are responsible for Kyeparing the Trustees, R&p(t and the finanrAal Statements in accordance with applicatAe law and United lfjng(knm A¢tt)unth"ng Standards (United kn"ngdom Geneolty A¢¢epled Accounting Practice). The law applicab￿ to charilies in England and Wales requires the trustees lo prepare financAal ststements for each rinancial year which give a Iruè and fair Mew of the state of affairs of the tharity and of the incoming resoure8s and applicats'on ot resources ofthe charity for that year. In preparing these financr31 statemènts, the trustees are required to: select suitable accounting policies and then apply them eonsistentty.. - observe the methods and prinupl8$ in tha Chibes SORP.. - make judgements and Èstimatès that arè rèasonable arml prudènt". - stsle whether appllcable a¢￿￿￿tIng standards have been fothywed. subjed to any material dèpartures disclosed and explained in the financial statements., and prepare the financial statements on the going con￿rn bas￿ u￿sS it is inappropriate to presume that the charity will continue in operation. Th8 trustees are responsible for keeping suffi(aenl ac(£*unting reojrds that disdose wilh reasonable accuraGy at any time the ffinancial position of the charity and enable them lo ensure that Ihe financial statements o)mply with thè Charities Act 2011. the Charity (Accotjnts and Reports) Regulations 2(108 and the provisions of the trust deed. They are also r9spon$ible foi safegu8rding the assets of the charity and hence for tsking reasonable stops for the prevention and detection of fraud and other iwularrb"es.

THE UNITED CHARITIES OF ABEL COLLIN ADMINISTRATOR'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 For 20251 report a$ follows.. Residents During yaar, two propèrties became YacanL One resident passed away. and one new resident joined the C4)mmunty of Abel Collin Homes. Additsonalty, re￿dents transferred to other properbes on site due to medical considerations. ma1ntsnan￿ of $ltO JPL Property and SeNces Ltd cornpleted hvo refurbish￿￿1 projerts along vrilh routine maint8nan¢e on srte. However, because of communication dnTrcullies and other concerns. the Trustees decided in September thal il was best for the charity to end the partnership. Up to that point, JPL had ffinished both the door programme on the houses and the installation of g)ffiis an¢J fawa$ on twgnty-four small bungakjws. In September, CB Rem was hirad s a new (xjntractor on a srx-month trhal basis. Since then. CB Rem has refvrbished one propety to a high standard Is¢h8duled fr)r o¢cupancy in Janu8ry 2026) and managèd onwng maintenance across the site. induding essential rèpairs such as installin9 a n8w mèmbranè on th8 roofs of the Drury bungalows. Plumbing seNces were organised through ACD Plumbing aThJ Healing, who also ranied out annual inspections for gas safety, su￿•S1OP dew¢es. and C02 alam)s on al properfie$ in August Smart M•t•rs All propèrtiès werè equipped with smart meters for Eleclrioty in the Summer of 2025. Solar Panels The sclar panels have pro<1v￿d a stea(ty InctNne over the past year. However. with 3G technology becoming obsolete, the meters are no longer rella￿Y re￿rtIng generation data. As a result. new meters and m(xlems will bg installéd at all 24 propèrlies equipped with solar panels in the New Year. Gardons and Grounds Kent SeT¥ices. whose contraca runs untl 31 March 2027. have ￿nsIst￿lY kept thg garil8ns and grounds w811 maintained. Alarni systsm In June. after Trustees decNJed to leave Tunstall due to the approathing analogua sMich￿ff. Nottingham On Call in51alled new purchased digrt81 unts. Tunstal equ￿ment and cables We￿ ￿MoVed, and residents received digital units, pendants and panic buttons ￿rt[wted Mobi￿ nefv40rt to the call ￿ntre. NO￿.ngharn On Call continued lo monitor ca115, foTrY8rding urgent matters to the Independent Living Co-ordinator (when on duty). The transrtion wll reduce rnaintenan￿ needs and costs. and stsff no lo[￿r need lo ¢onlinually reset failed systems. Managed rr Semce In March, Bubble IT were engaged to address ST serArrty iisks. resLEth"ng in the migration of ail files to Teams. Spèufication of Managed IT Semces from Bubble induded". remote $UPPOfL installation and management of ba$ed anliwrus, An1kMa￿are and Anti-spyware, Patch management and Office 365 service managernenl.

THE UNITED CHARITIES OF ABEL COLLIN ADMINISTRATOR'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Sockl a¢tfvItl￿ and of g•n•rnl Intsr•st The Independent Living C(￿OrdInatOr Stela Collishaw. introduc£d acbyities such 8$ knit. natter and crafts, card making, wateicolour and drawng lu￿.0n, alongside regular favourrtes a falls prevention dass. walk and talk, bingo, and a drop in event at the ènd of the week lea and toasf. She has promoted communrty engagement, wrth residents visthng the hall and fomiing r￿ friendships. Newsletters kept rès*Jenls updated and invited them lo propose and organise evenls like chatity fundraisers, the scare¢r(M féstival. and music perfonnances. Nèw appolntments Two new trustees were appointed in 2025. Resignations One trustee resigned during 2025. Olhor Items of note Eight Bgard rneetings look pl￿e throughout the year in the rAJmmunty hall. In 2025, 1 fa¢ed and overcame several challenges in my role, whth I feel strengthÈnèd my skills and resilience. I continued to enjoy SUPE￿Ing residents. parIirAJ￿rfy by t￿lping resohe any corK%ms èfficièntty. As Administrator of Ihe chartty. l address dfftgrent challenges each day whle working to meet the Board of Trustèès, goal of m8intaining a positive and 5UPPOrtNe eommunty at Collin's Homes. 11 be seen from thi5 report, the charity has evidenty pursued its obiectsves of providing a service for thè public, whith are identified within the Charrties yoveming aims. and referred lo in the Trustees. Annual Report. Charlotte Barrett December 2025

THE UNITED CHARITIES OF ABEL COLLIN INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE UNITED CHARITIES OF ABEL COLLIN Oplnlon We have audited the finarial ststemenl$ of The U￿rt￿l Charrbes of Abel Colin (the 'thartyl for the year ended 31 December 2025 which Comprise the statement of financial actIv￿e5. the balance sheet, the slalement of cash fflows and notes to the financial 51atement5, induding signfficant accounting pdiaes. The finan￿al reporting framework that has been applied in their preparation is applicable law and Unf(ed lQngdom Ac￿unting Standards. including Finanual RepcKiing Standard 102 The Trnancial Repoltiru Standanl ap￿ICable in Ihe UK and Repulkn of Ireland (United Kingdom Generalty Aoxpted Accounting Practice). In our opinion, the financMI statements.. give a true and fair view of the state of the tharTtls affairs as at 31 December 2￿25 and of its incoming resources and applI￿110n of resources, for the year then ended.. have been properfy prepared in accordan( with Unrted lfjngdom Generally Accepted Accounting Practice.. and hav8 been prepared in a￿an¢ with tl char￿e6 Ad 2011. Bas1$ for ownlon We conducted OUT audrt in accordance with Intematronal Standards on Audthng (UK) IISAS IUK>I and applic8bl8 law. Our respon5ibililies under those standards are fijrther described in the Auditorfs responsibilities for th& audit of the finanual statements section of our report. We arè independenl of th& charty in accordanc8 with thè 6thi¢al requirements that are relevant lo our audit of ts financial $tstements in the UK, induding the FRC'S Ethlcal Standard. and we havè fulfilleil our other ethic81 responsibilrties in a¢yx)rdance wth these Tequirements. We believe that the audit ewdence we have obtained is sufficaent and approprFale lo promde a basis for our opinion. Conclusions relating to going concern In auditing the financial statemènls, we havè cs)ndLJed thai thè trusiees, use of the going con￿rn basi% of a￿oUntIng in the preparation ofthe finanual stements is approwiate. Based on the work we have perfom)e(l. we have not idenb.fied any merial un¢ertainb"es ￿lating lo events conditions that, individualfy or collectively, may cast signfficanl doubt on the charity's abilTty to o)ntinue as a going c￿nCern for a period of al least hyefve months from when the financial statements are aLthorised foT Issue. Our responsibilities and the respJnsibi1￿es of the trustees wilh respect lo going are desuibed in the relevant sections of this repNt. Other Inforn￿tion The other information comprises the information 1ndl￿ed in the annual report other than the financial statements and our audrtorfs report thereon. The trustees are responsitle for the other infomiation contained within the annual rem Our opinion on Ihe finan0￿ ststemènts do8$ not ￿Ver the other infom)ation and we do not gxpr8ss any form of assurance concfusKsn thereon. Our rnsponsibilty 1$ to read the other informatth anJ. In doing $0, ¢onsider whether the othor inf0mat￿n is Material￿ inconsistènt wth the finantial statements or our knowledge obtainèd in the course of the audit, or otherwse appears to be materialty misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to delernine whether this gives rise to a material misstalement in the financial statements themsdves. 11, based on the work we have perfonned, we conclude that there 1$ a material misslatemenl of this other infomiatKffi, we are required to report that fac We havè nothing to report in thi$ regard. Mattern on which we are requiffd to report by ex￿pIlOn We havè nothing to rèport in respèct ol the following matters in relat)n to whK the Charities (Accounts and Rèports} Règulations 2008 requires us to report to you rf. in our opinion.. the infomiation given in the financi￿ ststemenls is inconsistènt n any material respect with the truslees. report.. Of sufficient accounting re￿rdS have not been kept,. or the finanryal statements are [￿1 in agrèement wtth the aw)unting records" or have not rethved all the informab.on and explanations we reqLriTe for our autht. 10-

THE UNITED CHARITIES OF ABEL COLLIN INDEPENDENT AUDrroR'S REPORT ICONTINUED) TO THE TRUSTEES OF THE UNITED CHARITIES OF ABEL COLLIN R￿pOnsIbIlItI$ of tru$ts•s A$ 0x￿alned mofe fulty in the statement of trustees. responsibilitie5. the trustees w rgsp¢)n&ble for the preparation of thè financial statements and for being skn"sfied that they gNe a true and fair viw. 8nd for such internal control a5 the trustees deterniine is necessary lo en8blè the preparation of finanaal statements that are free from material mis$latement, whether due to fraud or error. In preparing the finanaal staternenls, the t¥ustees are responsible for assessing the Chan￿$ abilty to continue as a going ￿r￿m, disdosing, as applicab5e, matters rel8d to going concern and using the golng ¢oncern basis of acc¥wnting unless the tJustees eilher intend to cease operations, or have no realistic attemativè blrt to do so. Audltorfs r•sponslbilities for th• audit of the flnan¢Éal Statements We have been appointed as aLtdrtor under ￿bon 144 of thg ch￿1t￿S Ad 2011 arKI report in a(xx)rdanee with the Act and relevant regulations made or ha￿ng effect Ihereun¥Jer. Our objectwes are to obtain reasonable assurance a￿ut whether the finarKAal statements as a whole are free from matèrial misstatement, whether due to fraud or error. and to issue an auditorfs report th81 indudes our opinion. Reasonablè assurance is a high levd of a$surance but is not a guarantee that an audrt ctsnducteil in acLordance with ISAS (UK) will a￿ayS dete¢t a material misstatemenl when it exists. Misststements csn anse from fraud or error and are considered materi$l rf. indiwdualiy or in the aggregate. they ￿)UkI rgasonabty b& axpected lo inlluence thè aconomic decision5 of users taken on the basis ofthvse financial statements. The extent lo which t￿r pro¢8dures are capabk of detecng irrggularilies. induding fraud, 1$ detsiled below. Ensuring that the Audit Team had the appropn.ate competen(£ and capabilib.es lo identify or recognise non- compliance with laws and regulations, wrth specific susceptible areas le.g. expense aLthorisationl having been outlined at the planning stsge. Enquiry of management and those charged wth governance around adual aThJ potenlial lrtigatk)n and daims and fraudulent trans8etions. Reviewing minutes of meeb.rhgs of those charged with governan￿. Reviewing finanaal statement disclosures and testing to supporting documertsb.on to assess compliance with applicable 18W$ and regulations. Auditi'ng the risk of management override of c4)ntro15. induiting through tests'ng joumal entries and other adjustments for appropriateness. Because of the inherent limitabons of an audit. Ihere is 8 risk that we wl nol deteca al irregularrties, It)duding those leading to a material misststement in the finawal slatsments or notFcompliance wilh regulab"on_ This risk inueases the more that compliani with a Law or regulabon Is removed from the ev8nts and transactions ￿￿Èeted in the financial ststements. as we will be less likety to be￿rne awa￿ of instances of ti0n-c0mplian￿. The risk is also greater regarding irregulants'es r￿c￿rrIng due to fraud ralFr than error. as fraud hnvofv&$ intènth)nal concealrnenl, forgery, ￿lI￿slan. omission or misrepresentab"on. A further description of our responsi￿1￿￿1es is availablè on the Financial Report￿9 Councl's website at.. https'.11 www.frc.ory.uklauditorsresponsibilths. This descriptson foffl￿ part of our audi￿$ report. Other mtt•rn Your attention is drawn to the fact the charity ha5 prepared finan¢ial statèments in accordance with'Accounting and Reporting by Charities.. Statement of Re¢ommended Practice applicable lo ¢harrties preparing their a¢¢ounts in acc£JTdan¢e wrth the Financial Reporting Standard apFli(able in the UK and Republ￿ of Ireland IFRS 1021 {as amended) in preferance to the Accounb"ng and Reporting by Charities: Statement of Recommended Practiek issued on l April 200S which is referred to in the extanl reguLations but has now been withdra4Vn. This has been dtsné in order for the finantyal statements to a lyue and fair view in a¢c£Jr(lan¢8 with current Generalty Accepted Accounting Practice. 11

THE UNITED CHARITIES OF ABEL COLLIN INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE UNITED CHARITIES OF ABEL COLLIN Use of our report This report is made solety to tho dMriV8 tntstees. as a bo¢ty. in a¢xord*+¢e wilh Part 4 of the Chariles {Ac¢ounts and Reports1 Regulations 2008. Our audit work has been underlaken so that we might stale to the charity's Iruslees those matters we are required to 51ale to them in an audrtor's report arHI for no other pU￿oSe. To the fvllesl extent pemitted by law. we do not a¢￿pt or assume responsibilty lo anyone other than the charity and the charty's trust8es as a body. forour audiiworK for this report. cf for the opIn￿rts we have fom7ed. Rogern s￿￿¢¢r Chartered Accountants ststutory Audilor 1414J2/ Newstead House Pelham Road Notbngham NGS 1AP Rogers Spen￿r is e1BJIb￿ for appointment as audilor of the charity by ¥iriue of its digibilty for appointment as auditor of a company undèr s￿tion 1212 of the CompaniesAct 20(￿. 12-

THE UNITED CHARITIES OF ABEL COLLIN STATEMENT OF FINANCIALACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unr•strict•d Unrestricted fund$ fund$ 2026 2024 Incom• from: Othef trading actiwties Charitabla activities Snvestments 70.992 422,136 31.780 70.192 396,573 36,784 Totsl Incomo 524,888 503.549 Ex ndiiure on: Charitable 8Ctivtbos $08,376 540.265 Net {d•llcltylncorrwJ b•for• InTMStm•nt gains 16.512 {36.7161 Nel galnsloosses) on investsnents 119,918 141.872 Net movement in funds 138.430 105.156 Fund balances al 1 January 202$ 4,632.868 4.527.712 Fund balan¢•s at 31 D•￿M￿r 2025 4.769,298 4,632,868 The statement of finawal a¢livrtie$ in¢ludes all gains and10sses re(￿gnised in the yoar. The $t*ement offinarrial acImt￿ indudes al gains and1058es reo)gni8ed in thè year. AM incxsme and expenditure deriv8 from ts)ntinuing actiwiies. 13-

THE UNITED CHARITIES OF ABEL COLLIN BALANCE SHEEr AS AT31 DECEMBER 2025 2025 2024 Flxed #•sets Tangible assets Investment properties Investments 14 13 12 2,013.914 1.892,471 600,OtIo 1.843,477 1.816.180 4.430.094 4.335,948 Current assets Debtors Cash at bank 8nd in h8nd 15 29.587 338,928 30,003 310,583 368.515 Cr•dltors: am(*unts falling du• ￿lIhin one year 16 129.311) 143,6661 Net ￿rrent assets 339,204 296,920 Totsl as$•ts1oss ¢urY•nt Ilabllltlos 4.769.298 4.632,888 Income funds nr DesKJnated funds General unrestricted fvnds 17 4.605.094 164.204 4.510,948 121,920 4.769,298 4,632,868 4.769.298 4.632,868 The fin8ncé818tstemenls were approved and authorised for issL￿ by the Tn￿tee$ on .... ..... .. Ellis 14-

THE UNITED CHARITIES OF ABEL COLLIN STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 202S 2024 Net movemènt In funds 136.430 105,156 Adjustments for. Investment income received Investment rnanagement ftss Nèt rèntal income Fair value gains and losses on investments Depreciatron oftangible fixed assets 131.760) 13.569 142,750) (119.918) 74.440 136,784) 31.001 146,1061 (141,8721 77,339 M(*vements In working Capital: Decrease in debtors IDe¢re8sa) in creditors 416 (14,3551 75.500 {23,2521 C••h yn•rated from operntion• 16,072 40.982 Investing actlvlti•s Purchase of tangible fLxe<l assets Nel rental in¢omg Investment withdrawals Investment funds introducad lftvestment income receNed 1195.8831 42,750 150,IJOO (163.8011 46,1( 1(10.000 154,569} 10.620 15,406 Net cash u¥ed In inv•sting activitbes 12.273 (61.644) Nèt Increase1(decr￿S•} In ￿$h and eash •qulvalents 28.345 {20,6621 Cash and ¢￿h equlvalènts al beginning of year 310.583 331.245 Cash and cash equivaknts at of year 338.928 310.583 15-

THE UNITED CHARITIES OF ABEL COLLIN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng policies Charity infornMtit)n The United Charities of Abel Collin is a Charrtable IrKorporated Organisation Ir￿rpOrated in England and Wales. The addiess of the princApal office is given in the Fegal and administrative InfOnnat￿ of these financial statements. 1.1 A¢¢ountlng eonv¢ntion The financial statements have been prepared in actordance wilh the goveming document, the Charities Ad 2011 and "Acyounling and Repwb"ng by Chanb"es.' Ststement of Recommended Practice applicable lo charities preparing their acr£unls in aco)rdance wih the Financial Reporting Standard applicab￿ in the UK and Republic of Irdand (FRS 102) {effectNe 1 January 2019)" The charity is a Public Beneff( Entty as defined by FRS 1ff2. The finanixal slalements are prepared in sterfing, whic is the fundK)nal ￿rrencY of the chanty. Monetary amounts In those ststernents ale rourKled to the rwrest £. 1.2 Going concern Al the lirne of approv7ng the finan(aal statements, the trustees have a Teasonable expectalion that the charty has adequate resources to continue in operational existence foi the foreseeable fLrture. Thus the trustees ¢ontinu8 to adopt th$ goiTh3 ￿nC*M ba$1$ of a(xounting in preparing thè finanoal $tslements. 1.3 Charftable funds Unrestricted funds ¥re avallaL4e for al the disLYetion of the trustees in furtherance of their charitable objectives. Desi9nal811 fvnds comprise furKls whth have been set at the disuetKM of the tnJsle8s for sp￿#￿¢ purposes. The purposes and uses of the desrynaled ftjnds are set rxrt in the notes to the finanryal statements. Reslrkted fvnds aro suble(a to spgdfi¢ ¢ondilK>n$ by donors as to they may used. The purposes and uses of the restrided fiJnds are set OLrt in the notes to the finan(4al statements, where applicable. 1A In¢t)m• Income is recognised when the charity is kgally entilled lo li aftgr any perfomiance (x)ndit¢on$ havg begn mot. the amounts can be measured reliably. and rt is wobatrAe that inoyne ￿11 be received. Rents are a¢c¢xJnted for on an acrruals basis. Rents feferted to in the finanryal stslernents represent rents frtsm the investrnenl properbes. Income from char[tab￿ 1￿Me$ is rèfÈrrÈd to as residents. maintanancè and heab.ng Contribub.￿S. Legacies are recognised on receipt or otherMse rf the dlanty has been notrfied of an imperKling distributiM. Ihe amount is known, and receipt is expected. If the amount is not knovm. the legacy is ttealed as a ¢onbngent assèt. Unlèss designated or restricted by Ihe doTh)r, legacaes a￿ spent in running the chanty as derAded by the trustees. 1.6 Exp•ndlturn All expenditure is accounted for on an a¢uual$ ba%s and has been dassffied under headings that aggregate all costs rdaled to the category. Expenditure in respect of commercial property is acthinled for net of value added tax. Al other expenditure is accounted for indusrve of value added Dlreci ¢hanl8ble expen¢Jthire ndudes the direca costs of the chariils acti￿lIeS. Where suth costs relate to morè than ong functional cost category. thoy have boen on ￿ appropriate basis. 16-

THE UNITED CHARITIES OF ABEL COLLIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting polici (Contlnuedl 1.0 Tangiblo fixod I￿￿ Freehotd property comprise3 a number of propethes as ouuined in note 14. These are stated at cost less any provision for vnpairmenl less depreaation. Cost indudes the Ixist of acy]uiring land and buildings, development costs and expenditure incurred in resFecI of vnproverywts. Improvements are w0￿S to exisling propert￿5 whith resuh in an inLYease in the net rental income. induding a reduction in maintenance costs or result in a sign1r￿an1 exlenslon of the usgful e¢xJnomic life of the property. The charity calculates deprecAation on freehold property by imptementing ￿)MpOnent afxounting. Eslimaled gur8s have been used where. due to Ihe elapse of time or the dispTOPOrtionale ¢o$l of ascertaining the figures, it has not be￿ pos$bl¢ to gain adual inf0mm￿. Major (x)mpon8nls of thè propth.es a￿ separatety identified and depre(4ation is charged so as lo wrTte down thè cost of each component to its estimated ￿sIdUal vdue, orb a straighl line basis. over its estimated usefijl economic life. The major components of the housiry properties arKt their uselul economic lis are as fol(M8.' Building slructuie Roofs, sofits and facias ndows and doors Boilers Kitchens Bathrooms Heating and Flumbing Eleetries 1¢XJ years 70 year5 & 35 yew5 30 years 15 years 20 yèars 30 years 30 years 40 yea Solar anels= Solar panels are initialty measured al cost and subsequentty measured at C051 or valualion, nel of deprecAalion and any irnpwrTr￿1 k>sses. Deprecialion has been charged al 10% straight line. Th8 gain Of loss arising on the disposal of an asset 1$ detemrd as thè difference b&￿een the sale prtteeds 8nd th& Carrying wabje of the asseL and i8 recognised in net irKomellexpendrtUTe} forthe year. Other fixed assets: F￿tureS & fitting5 are inrbalty measured at eost and subsequenty measured al cost or valuation. net of depfecAation arKI any impaiTrrEnt108ses. Depreoath)n has been carged at 25°k on a b81an¢e basls. IT equipment is initialty m8asured at cost arHI subsequenlly measured at cost or valuation. net of deprecAation ar￿ any impainMnl10s8es. DekYe¢tabon ￿ be tharged at 33% on a Stra￿ht lifie basis. The gain or loss arising on the disposal of an assel is determined as the dtffefènca bahyeen the sale proceeds and the carrying wdlue of the asset, and TeTrwnised in rpt ir￿￿Me1{expendit￿reI for Ihe year. 17-

THE UNITED CHARITIES OF ABEL COLLIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 A¢¢ountlng poll¢los (ContIn￿dI 1.7 Inv•strn•nt prop•rti•s Investment property, whith is property held lo eam renta15 andlor for capital at)pre(iation. is inibally rwgnised at cost. vthich indudes the purchase cost and any direth attributable expenditure. Subsequently is measured 8t fair value at the rewrting eThJ date. The surplus of deficrt on revaluation is recognised in profil or h)ss. It is the polcy of the Trustees lo consider the va]uation of the Investment Propertps eoch year and to prèparg a valuation every fifth year and to amerKI the valuatK•n rf appropTiate. 1A Fixed asset investments Fi%eil asset investments are initialty measured at transaction wice induding transaction costs. and are subsequentty mèasured at tsir value at eaL* re￿￿"n9 date. Changes in fair Va￿ are reoognised In net incomellexpendrturel for the year. Transact￿n o)s15 are expènsed as incurred. 1.9 Impalrnwnt of fixed assets Al each reporting end date. the ¢haity reNiews the ￿ft￿n9 •nounts of its tangib￿ assets to dgtèmiino whether there is any indKats"on that those asse15 have suffered an imp8irm•nt loss. If any sud) indication exists, the recoverable amOL￿1 of the asset is estimated in order lo determine the extent of the impaim8nl loss Irf any). 1.10 Ca$h and cash •quivalents Cash and cash equivalents indude cash tn hand, depossts h•ld at tall wilh banks and other short-temi liquid investments with original tll8turib8s of throè months or less. 1.11 Employee benef6ts The cost of any unused holityay enljdement is rewiiseil in the ￿t)d in wh￿h the employee's services are received. Temiinatson beneffts are recognised immediatety as an expense when tho charity is ¢JgnY)nslrably ¢ommrttod to terrninale the employment of an emFAoyee or to pro￿ts temiina￿n bgnèffts. 1.12 R•tirom•nt beneffts Payments to defined ￿nInbUl￿trn r8tir8m&nt benefft sthemes are ¢tharged as an expense as they frall due. Oth•r tradlng •etlvhles- income 2025 2024 Commercial rants receiva￿e Solar energy ino)me Other incoming résources 47.285 23.407 300 5t,180 18,712 300 70.992 70,192 18-

THE UNITED CHARITIES OF ABEL COLLIN NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2025 Charit*ble a¢tlvltl•$- In¢0 2025 2024 Residents, Maintenan￿ and heating conlril)ub"on$ 422,136 398,573 Investmonts - Income 2025 2024 DI¥￿endS receivable from investments and unié trusts FrAed Inte￿$1 investments Interest receivable 16.354 5.090 10.316 20,308 5.342 11,134 31.760 36,784 Audltorf$ v•munoratlon Fees payable to the thar1￿5 auditor 8nd 8SSO(xates". 2025 2024 For audit seryices Audit of the finanual statements of the tharty 7,7 7,400 For othèr sor4ic•s All other norFaudil services 1.817 2,931 19-

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THE UNITED CHARITIES OF ABEL COLLIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Govornance costs comprfge: Adminislratorfs salary Audit & accountancy fees Legal and professional 6,021 9,517 1,881 10,331 5,915 17.419 21,790 GaSn8 aTrd1058es on Investments 2025 2024 Gainslllossesl arising on-. Revaluation of investments 119.918 141,872 Taxatlon The charity 15 exempt from taxation on its b￿aUse al Èts irwne i¥ applied for thantable purpo$g¥. 10 Employeès The average rnonthty numtf of8m￿Oyees during thg year was.. 2025 Ilumber 2024 Number Employmont costs 2025 2024 Wag85 and salaries Soaal seujrity costs Pension c£sts 70.454 1,768 1.721 66,447 1,410 1,601 73,941 69,458 There were no empknyees whose annual reMur*rnIi￿ was £60.IXX) or T￿1•.

THE UNITED CHARITIES OF ABEL COLLIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 11 Trustees None of the trustees (or any persons ry)nne(￿ with them) receNed any remuneration or beneffts from the ¢harity during the year. During the year, a trustees. annual allowance was paid 8mountFng to £4¢Y) (2tr24 - £350) paid to 8 trustees {2024 - 7 tnjsteesl and £216 {2024 - £1191 of other o)sts were ￿1mb￿r8ed to or pahl on behaff of 3 tiuslegs {2024- 4 trustees). 12 Fixed a¥8•t Inv•slmnts C•¥h in portfollo Total Cost or valuatlon Al 1 January 2025 Addttions Valuation change8 Dividends reinvested Funds wilhdrawn Disposals Fees & interest 1,804.898 359.718 119.918 3,342 38,579 1359.718} 1,843,477 179,918 16,354 (150.000) 13,012 (150,000) 503,582 (13.5691 19)3,582) 113,5691 At 31 December 2025 1.784,294 31.886 1.816,180 13 Invmljnent property 2025 Falr valug At 1 January 2025 and 31 Decembèr 2025 600,000 Inve3tmenl prowty relates to one propety at Gate, Nottingham. The fair valL* of the investment property has been arrived at on the basis of a valuab'on carried (xrt on 4 October 2022 by James Straw of Lambert SmNh Hampton who is not connected wrth the charity and is a Tegisteie(I v8luèr {number 66048891. The valuation was made on an open market V8lue basis by reference to market evidence of transaction pri¢ès for similar properties and is ¢onsKlered. by the truslées, to ￿maIn an a￿Urate valuation of the property as at 31 December 2025. -23-

THE UNITED CHARITIES OF ABEL COLLIN NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR TrIE YEAR ENDED 31 DECEMBER 2025 14 Tanglble fixed assets Fr••hokl Sol•rwl• Flxtyr•• • IT•yliii•Nt IIUlng Cost At 1 January 2025 Additions 2.277.373 185,871 147,9C(I 27,834 9.336 799 676 2.453,906 195,883 At 31 Oecernber 2025 2,463,244 147.9CM) 37,170 1.475 2,649,789 Doprn¢iation At 1 January 2025 Deprerjalion carged in the year 4CrtJ.450 144.203 65.441 3,697 16,391 391 454 561,435 74,440 At 31 Daeambgr 2025 465.891 147.9 21,239 635,875 Carylng amount At 31 D￿ember 2025 1,937.353 15,931 630 2,013,914 Al 31 D￿rnber 2024 1,876.¥23 3.697 11,443 408 1,892,471 The freehold property Consists of the homes at Dèrby Road.. Houses 1-26, buill pre-war Bungalows 27-50, buili in 1958 Bunglaows $1-53. built beh¥een 1980 and 1982 Bungalows 54-56, built in 1985 Bungtaows 57-59, buili in 1990 Drury bungalows practul r￿mple170n January 2010 Capttalisation of components I various properts'es 86.308 89.815 83.027 125,233 750,198 1.328.663 2,483.244 Ph)uses 1-26 We￿ ¢￿Stru￿ed on the Dert>y Road SI￿ using funds from Ihe disposal of 20 almshouses oiiginally built in the Broad Marsh aiea of Notts"ngham in 1829. The cost is therefore negligible and the Irusleos havo a$$umod a nll Carrying value for Ihe accounts. All tangible fixed 88sel$ are u8ed fc* direct ¢haritoble purposes. 1$ D•btOrn 2025 2024 Amounts falling due wiihln one year: Other debtors Prepayments and amed incom8 375 29,212 5.698 24,305 29,587 30,003 -24-

THE UNITED CHARITIES OF ABEL COLLIN NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2025 16 Crndttors: amounts falling due within ong year 2025 2024 other taxalion and 80(yal $80Jnty Trade credttors Other ￿￿110rS Accnjals and deferred income 3,488 5,647 336 19.840 1.724 11.035 312 30,595 29.311 43,666 Indu(Jed within a¢cwal$ and deferred income 1$ £1,666 (2024: £1.6201 relallng to tho deferral of insurance income ￿CeIVed durin9 the year. 17 Unrnstrl¢tsd funds The unrestrtded funds of the charity comprise the unexpended balances of donatlons and grants which are not subject lo specÈfic cOnd￿"0￿S by donors and grantors as lo how they may be used. These include designated funds which have been set asKle txrt of unrestrtded fijnds by the trusleeg for speufic purposes. At l January 21125 kncoming Resources Trnnsfers rnsources expended Gains and At31 loss•s DKember 2025 Hcthes fund Modemisation fund Gener81 funds 1.892.471 121.443 2,013,914 2,618.477 121.920 (27.297) {94.146} 2,591.180 164204 524,888 {508.376) 119,918 4.632.868 524.888 1508,376) 119,918 4.769.298 Prnvlous year. At 1 January 2024 In¢oming Rasour¢es rn8our¢ts expend•d Transfern G•ln8 and At31 losse¥ De¢•mber 2024 Homés fund Modemisalion fund General funds 1,806,008 86.463 1.892.471 2,526.873 194.831 91.e4)4 (178,(671 2,616.477 121,920 503,549 1540.265) 141.872 4.527,712 503,549 (540,285) 141,872 4.832,868 The Mc¥Jemisation fund is nee(led for bringing the hoThs up to todarfs standards. unexpertod repalrs whith may occur and for repair5 of a cydical nature. A Homes lund has been indvded as a designated fuThJ, representing the nel book value of the tangible fixed assets. The Charity is dependent on its langible [￿ed assets fof the achievement of ts charitable purpose of prowding 8￿mmOdation for people with limite(I means. These assets are Mtal lo the work of the charity and canrK*I be 801d off 8s indwidua units. -25-

THE UNITED CHARITIES OF ABEL COLLIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 18 R•Ur•m•nt ￿nefftSch•M9s Deflned contrlbutlon sch•nw The charity opeTa*es a defined oJnlritr¥Jlion pension 5therne for all qualtfying employees. The assets of the scherne are held separatety from those ofthe ctharity in an indeperHlently administered fund. 19 Opèrntlng kas• ¢ommllments L•¥¥or At the reporting date the ¢harity had CA)ntr¥ded wilh tenants for the mi)imum lease payments.. 2026 2024 thin one year B•h¥een hvo and five years 130.312 176.1)00 174.312 220,000 Capltal commltments AJnounts contrac4ed for but not provided in the financ4al statsmentS: 2025 2024 Acquisrbon of tangible nOr￿Cu￿enI assets 41.250 21 Rdated party transacllons Thgrg wgr9 no disdOsa￿8 related paity transa¢bon$ during the year {2024- nong). 26-

THE UNITED CHARITIES OF ABEL COLLIN INCOME AND EXPENDITUREACCOUNT- HOMES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Income Residents. mainlen8n¢e 8nd heating ¢￿ttributI)nS Miscellaneous income Solar energy income 422.136 3￿,573 300 18.712 23.407 Total Incom• 445,843 415,585 Exp•ndithre Management.. Administrato¢s salary Postage, stationery and I)ffi￿ expenses Audf( arml a¢¢ountancy Insurance 40,139 37.701 1.785 9,750 11.094 11,169 62.467 Maintenance: Routine Painting 8nd dwatir4J 46,640 17,842 47.041 20,283 64.482 67,324 Utilities 134,439 158,423 other expenses.. Independent Living co40rd￿0t0￿s salary and assoc1￿ 0)sts Alarm sy3lernlm8intenanee Gardèn maintenance Cl8aning Telgphone staff travel and trainin9 Solar panel maintènance Hall costs IT costs Sundries 33.801 14.123 24.375 6.152 3.198 1.108 4,620 31.757 14,585 33.179 7.381 705 5,354 732 1.228 5.326 4,494 94.612 101.837 Total ￿pendItUre 356.(KJO 386.239 Oyrntlng surplus I (deficit) 89.843 29.346

THE UNITED CHARITIES OF ABEL COLLIN INCOMEAND EXPENDITURE ACCOUNT- PROPERTYAND FINANCIAL FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Rents re¢eivable 47285 51,180 LKS Net property expenses {12501 11.2501 Other Income Inve8lmenl income Interest re¢xivable 21.444 10,316 25.651 11.134 Total incom• 88.715 Exp•nditu Major works and refvrbi$hment co$1$ Depreciation Audit and professional services Professional fees Insurance Christmas gifts 23.271 77.339 3,328 41.940 3.824 3.075 74.439 3.184 17.781 3.285 3.172 Total •xp•nditur• 151,126 152.777 Opernting Ideficiti {73,3311 {66.C621

The United Charities of Abel Collin 13A Coll1r￿ Horr Dèth Road Noth'r4Jham NG9 2TF Charlty Numljw: 1188997 Ryrs S￿nGer charte￿ Acwjntsnts Newstead Hwse Pelham Ro&J NottiThJham NG5 1AP Dear SirB The followrvJ representations are m cnthe basisof enquiries of man&Jement and staff wrth re￿vant kno￿edge and experience such as we c(•nsider necessary in the ¢xnnecion with your audrt on the Larity's financial ststern8rrts for the ygar ended 31 D￿rnI￿ 2025. These enquiries h8V8 includ8d insp8Ction of supporbrvJ documentation where aPpro￿ate aThJ are suTri￿t to satisfy oursefves that ￿ can make each of the lolk)wing r8pres8ntations. Al repre8entsliorY6 are m&18 to the best of our bel￿. Ggnerdl We have fulfilW our responsibil￿e8 a8 tnjstees as set(rt in the tem8 of yourengag8m8nt ￿tter. under the Charities A¢t2011 for Preparing finar￿181 statements in ac¢ordan¢g appl￿ble law an¢ United Trtingdom Accounting Standards (United Kingdom Gerwdlty Accepted A(rx)unting Pwlicgl, for ￿1￿9 satisfi8d Ihat they a true 8nd fair￿thY ano making ac￿r rgFwes0￿rts to you. All the transactions undertaken by the dwrity have iwn twwerly r8fig¢t&J 8rnJ rg¢ord&1 In thg w)unllng records. All the xcounting records have been Tna¢Je availab￿10 you forthe purFose ofyC￿raudit. We h¥ve providèd you with un￿Stricted access to all appropriaie persons wrthin ihe charity. and wth all other records and rolat8d infomiation r9qUeStgd. induding minuies 0fMan￿ and trustee m8etrys arKi c4yres[￿idenc8 with The Charity Commission. The financkal &atèrr£nts arè free of materbal misslatements. 1Th￿￿j1ng omissions. We confimi Ihe ml&statements k1enUfied durlNJ the audt aThJ OLf as$￿ated actions as oulined on Appendix 1. The effert of urthrreded misslat￿neTrts is wnmateFial tth indNhdualty and in total. Intèmal control and fraud We 8cknowkdge our respOn￿bIl￿ for ￿ desgn. impthentation and maintenance of inEemal control to p￿vent and detect fraud wror and we bdwe that we have aP￿￿oPriatelY frjlfilled Ihes8 responsibilit￿$. We have di8d088d to you the re8uWs of our risk 8589swgnt that th8 finandal stst8mènts may t mtsstatad as 8 ro$tAI of fraud. We have disclosed to you all ￿￿nCeS of or suS￿ed fraud affecling the entity involvirbg m8nagement. employees vh)0 have a ￿gnfftant role in intemal contrd or others wherB fraud could h8v8 8 rnateri81 effect on the fin8rval ststemants. Wo havè 81$0 disdosèd to you all infomiation in relation to allegatKJns of fraud or SUS￿le{l fraud affecting th& entity's finanoal statements CommunUt￿ by ojrrent or forr￿ ernptyees. ana￿s1$. regulators or others. A88ets and Ilabllltles The charity ha8 8atisfactory liU610 811 assets therg arg no liens or erumbrances on the charivs assets, except for tr￿Se that are disclosed in th¢ notes to ￿ financial statements. 10 l actual liabilities, continwt li*>ilthes ar￿ guarantees gNen to third pafbes have been r￿Orded or di8do8&188 appropriate.

We have no plans or irrtentKns that may mateiialty terthe Ca￿￿j value and where rdevanl the fair value measurements or cL8ssficalicffl of assets and liabilitres Tefi&Xed in the fir￿claI statements. 12 Homes modemisalion vth that ￿ be Seen as greatty the assets of the busnoss ha$ been caK¥talis8d. totsNiry £185.871 this year. 13 We bel￿e that £6￿,000 remains an 8￿rate valualK)n of the invgsbngnl as at 31 Dgcembor 2025. Ac¢ountlng $$tlm8tss 14 Th8 Tn8th<)ds. data and svwtfi(xnt a55Lmpb'ons Lts8d by us in makng ￿)unting estimates. and their related dlsdosures. a￿ a￿)ropriate to athieve r￿nition, measurement and disdosure that 18 rea80￿ab￿ in the context of the appliCa￿e financial rO￿ting framewcrfk. 15 depre¢[a￿On ￿E¢U1810n$ forthe hcrfnes has been based on the usefijl economic Irfe of the cornpy)ner of the homes.. we confim Ihatthese a￿ on a ￿asOnable basis as detailed within note 1 to the accounts. Loans and arrangement• 14 The charity has notgranted any advarKw or¢xedit8to. ormade guarantees on thaff of. trustees 0￿rth0n those discJosgd in the fina￿181 stst8m¢nts. L•gal dalms 15 W8 havè disLk)sed tr) y(KJ 811 claims in uJnn8thon wrth liti"gth"on thal have been. or are expected to be. r8Q8ivgd and Tnatters. 88 aPFKOPri8to. have bow pr(wty ac¥x>￿t￿j for. aThl dik)sod in. the fina￿￿1 tstgFll9nts. Law and rngulatlons 16 We h8ve disJose(I to you all knovm instsrw of non-CX)m¥AkgrK or swet8d non-compli8rt8 vAth laws and regulations whose gffe(ts should bg ronsd8rèd prgparing the finanaal statements. Related partles 17 Related party relath)nship3 and transactions have Lwn awropiiatety accounted for and disdosed in the financial stslements. We have disclosed to you 811 rdgvant infom18tion (x)n￿rnIng such r8lationships and transactions and are not aware of 8ny other mattars vA)ich requi￿ dixlosure in order to CoM￿Y wrfh 18gisl8tiv8 and accounting s￿￿rdS r￿[￿rem￿ts. Subsequent events 18 l events subseqijent to the dats of the financia slat8m￿ts vhkh r￿lTe a￿uStMent or di8closure have been properfy accounted for disdosed. Going concem 19 We believe that the charivs financial statements Should prèp8fyd on a wiro COn￿M bads on th grounds that current and frjture sources of fundirw or supwrt wll bÈ more Ihan adequate for the charity's neeils. We 81so confirm our plans for firturè action requir&1 to enable the charsty to wntinue as a goirvJ COt￿M arg f&asible. Wg hav8 Conskle￿ a peri¢)d oftrthe monlhs from the date ofapprov81 (rfth8 financial ststements. We believe that no fvrther dh8dosures relatiro to (tsrivs alility to contlnue as a goltYJ concem need to be made in Ihe fjn8nO￿ St8ts￿nts. Grants and donadons 20 Al grants, donations and other wLome. the receipt of vthich is subl￿t to SFwfic terms or ¢ond[l￿$, have been notified to you. There have been no breth8 0ftsm￿ (Y Lx)ndil￿s in Ihe applic8tion ofsuth It￿OMe. Support and 9gv¥rn#n¢è ¢o¥ts 21 The appropriate splst ofthe athnlnistral￿S salary in rBgard to supp)rt and govèmanes eosts is 15%. We acknowbdga our knJal responslbillties reJarding (li￿￿sure of nfomi8tion to you as audllor and confimi that so far as we are avmre, there is no rdevant audit ￿torma￿ needed by you in cOnn￿n wth preparing your audlt report of whic you are Lmayrdre. Each trustee has taken 811 thtr steps thatthey ought to have laken 88 a twstee in ordor to make th￿selveS aware of any relevant audit infom)atK)n arnl lo eSta￿ls￿ that you are avrarg ofthat infomiab"on.

Yours faithfvlty Slgned on alf f the board ofThe Unrtgd ch8rili8s of Abd Coll

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