Cljai'ity Registi'ation Nts: 119.5199 Regul4toJ' of So¢SAI Housliig No.. 5154 Wbs'l. HAC.KNEY AI.MSHOII8E C.'HARITY REPORT AND FINANCIAL STATEMENTS OR TIIE YEAR ENDED 31 DECbMBF.R 2025 WEST HACKNEY ALMSHOUSE CHARITY LEIGAL AND ADMINISTRATIVE INPURMATION Goverrtlnx liistj'unient Charilable ]ncorporaled Organisation 'boundalion' con5litution rnod¢l Ti'iistees Fi. B Fletclkei'_JanJes {Chxir Seii251 M.$ A Q.'rump Mr B Innis Mi, l Malik M Bexiien Ire5igned Apr251 Mi l- Miii'phy M5 C Kakai M% E Davis Jusliii Gau C.hri81ian Adaiii8 lappDinied May251 Chelsea Biclskus lappoTrnlcd Sep251 Cler14 to the'l'i'ustee5 The Ti'u8t Pa11n￿.￿hIp Chai'ily re£islereil niiniber 1195199 Regulxtot. of SoLlal H011511tg A%eiiey No 5154 R¢gist¢i'ed *ildress 46 St James's GardeDs Lon(luii Wll 41lQ Mana%liLX agtjit 46 St Jarne5'5 CFard¢n5 London WII4RQ Independent Ci xftminer MHA M14A Holis¢ C'.hailcr Caiii'l SH'aiisc4 Enierpriqe Pai'k Siwdiibea SA7 YFS BAnkei's CAf Bank Lid 25 Kings Hill Avei?ue King5 1-1511 Wesl Malling Kent Mf.194JQ WF,ST HAC.ICNEY AI,M8HnUSECHARITY TRUSTEES ANNUAL REPOR'f FOR'I'HE YBAR liNDb,D 31 Db.CFMBLII 202S HT5tory* obje¢tiv¢$ 8¢tlvltles of the chhrity Th¢ oi'iginal Wesl 14dLkney Alinshuiise ClTrai'ily wa4aii iiiiincorpordled chdrity conslitule(l un(l¢r a Irust deed ddied 19 NoveinbLI' 1963.'1'he aclivilie5, u%sels, inveslrnen15 aiid endowiiienl af Ihe cliai'ily iireie 1171)%fei'iLd ID a ('harilablc IncoiyK)I'atcd ()1'8anisalion {C".l()I l?y thc Eame nainc, on JI l)ccembcr 2021.-I'lic C.10 noiv c4ri.ies i)n Ihc npci?tions formerly Carried out by the unincorporaied chaixty (charity numbei. 214088}. The charity'￿ main objecltve and pui'pose is tlie upkeep ot'the AITiisliouse pi'eiiiises: iianiely Wesl I la¢kney 11()Iise, 15 N011hivold Iload. l.ondon. N l() for ￿r￿On% wlio aTe in n¢¢d, hllrd%hip or di811i.qs t¥ho have ie%ided in the arca of Wc5t 14ackiie}, foi. noi less thun 5 yeais, if theie is no siiiiable applicant fi'om West Hackne>' the ai'ea of kiiefil 15 extended to the Lond()n Borough uf Hackney foi. peisons wlio have beeii re5idenl in Ihe Boi'ough fui. not1¢%5 111811 5 yedi-s. Sti'ucture. GovernAn¢e and Manigement The Iruslees who have served during the yedr al'e set oul oil the legdl dnd ddminislralive iiifoymation page l ofilii5 repoil. 'I'he chaiiThan and the clerk ol. Ilic li'uslccs arc rcsponsiblc for Ihc indiiLtivn vf neiv Iruste¢s. whiuli involves awareness of a trustee's rcbponsibilities, the governing docwnent, dthiiinlslralive proccdures, the history and philosopl)ical approacli of ilie Cliai'ity. All ti'u%iecs pi-vvidc Ilitii. serviLts as Iruslecs free ol'chai'8e. The Ii'ustees iEgularly ￿view, the risks that the charity fa¥e5. '1'o dat¥ th¢s¢ hdVL tnainly i¥laled lo ihe Imanagemenl of Ihe Alnishouse a r¢sid¢iic¢ f()r indii'iduals. Th¥ Iruslees IdkL' adviLe from Irlevanl w'olessioiials in Ihe matiageinenl ot'lhe prQ[￿riY lliid the rc%idcnls. In IDoking lo Ihc tutuir, tlie Iru%tco% ivill CDnliniic to Inonitor ihc I'isks a5￿CIated witli managing a Itsid¢n1181 pDperty. The ddy-IL)-day Lbperations of lh¢ Alinshou5e have been sub.conlra¢ied lu Hai"rison Hotssin8 i¥hu alL also an Almshouse with rhai-il£ible slaius. Alm5hous¢ T)olley TTrie Ii'iistees conlinkie to folloiv the recuniiMeTidali(In5 01- the Aliiisl)uu3e Associdli()ii. s() fai. as ihey air able. 'I'he ti'ustees activel), seek lo ii)aiiilain lull OCCiiPilnGy l)f Ihtt Almshouse by identifying polcnli81 fuluir re8idciils a.% Eoan as piaclibc1ble ivhen it hcct)mes appaiEnl ihal one of the flats will bcconic vacanl, ThL i¥ellaie of Ili¢ Itsidenlb is Ihe subjeLI ol-a reporl ai every Trusiee meeting. I'o quality a5 a beiieficiaiy of the Alin5houEc ui?plicanlS must be either r￿1. womcn iisidenl.% in Ihc ali8 Ot. bcncfil, husbaiid% of ivorncn Jpptsint¢d tr) reside iviih Ihen) and, it. on the occurrence of a vacancy thci'c 15 nu applicanl as afoFesaid, Ihe i(a¢oncy Inay be filled by a pool. Illdn. Activitie5 Atliitvemeiils Aiiil perlornianee of the C.'liarity Thc cliarity pi'ovides 9 t181s for pcf)ple wh() fall within ils area ofbenefit. The Trustees, prirnary objective is10 provide de5ii.able accominudatiuii ufH ¥ood siandai'd Ihai enables benefjciaries lo live ilieii. live5 to ihe full. -I'hE Octupancy i'alc over Ilie la%1 12 moiiih8 rcniaiiicd high ai C)9.48/912024.. 1 OOn/ts) following I void tn the yeai. ,hi¢h iva,% v8c&nt for 17da)'%. ThcTriisiccs bclicvc thal the aeeomniodation on offer continu¢s 10 b¢ highly desirable to applic￿￿15 a5 w¢ll #s 10 ¢xisiing bei)eliLiaries. wriSI' HACKNEY ALMS140USF CIIAIIII'Y TRUSTEES AIYNUAL REPORT FOR THE YEAR fNDE4 D 3J DECEMBER 2025 Icoiitiiiue(11 PinRnciHI revieiv 'I'ht ie%ult fni. Iht yca1' endcd 31 Dc¢ernber 2025 ivas a surplu5 of £62.5k 12024.. £10.Skl. The iEForted surplus is after ch8rgiiig uiiiralised gains on it)vestmeiils of£27.8k12024.. £11.4k). F,xpendiiuie on chariiablc activilic% dcci'ca%cd by 66%10 £66.Ik12024.. £99.6k}.'l-h¢i'e was n() revenue cyclical H'oi'k cai'i'Écd oui in Ihe yeai., ii,hich cxplaiiis the d¢¢￿a￿¢ (2024.. £24,475). The Cliai'ity has made a signilicanl surplu5 following a generous year of invtslni¢nl YeluiTrs aii(l ilie 10-year bu5i11¢55 plan shows financial iiidbilily. VAlue fTri' Moiicy 'hc Regulainr nf £acial Hoiising I'cquires all Housing Associalionb lo follow a siJndai'd set of calculations it irferb to as the 'Value for Money SiandgJd'. The standard uses the R¢Bulalor's own metries defjnitions to provide LonbisieTILy dcl'oss Ilie seclor. These rnelric5 oai) rnovt 5ignificanlly fiutn ye￿. to yLdi' in small or8aiiisations as one- oft-cosls skew i'esuli5. 2024 Meti'io I Reinvestment Melric 2 Ngi¥ supply delivered Meiri¢ 3 Geartng Melric 4 BI-I'DA MRI IF.RITf)A Majai. Rel)&]r￿ Included) Iiileirsl cover % MeiTiU 5 Headline Sficial Housillg cosls pci. Iinil Melric 6a 0￿ratIng Margin (Social leltingsl Mclric 6b Operating Maygin (Overall) Meli'ic 7 O.OOYo 0.￿0 NIA NIA £1,895 24.lOY 34.470/ 4.13D/o o.noo/ NIA NIA £3,088 13.16'/ 23,910/ Metric I Ile-iniiestmeAt.. Thi$ metric looks al the inveslmenl in properlies lexisiing siock as well as New Siipplyl as a perLenidge ol- Ihc valiie ol lolal wopeit1¢5 lield. Foi. Ilir Cliarily with limiled resourees the focu5 15 on Metric 2- Ncw Supply DeliveT¢d.. The Charity's focus is on maint8ining it8 existing properties inio the futur¢ and ciii'icntly docs llLlt li￿ve Ihe finAIKial capacity 10 develop neil, piDkxrties. Meli'iL 4- LBI'fDA..'fhe Cliai'ity lias i)0 loan.% oi. Dver(Iraft lu¢ililits and, Iherel'Dir. no iiilcirsi payablc. Meli'ic 5 Fleadlinc %ocial Housing Costs per unii.. The decrease iii the c05t per iinit for 2025 is due io nil ¢y¢lical I'eiicnue spen(I foi. Ihe Jrear. Mcti'ic 6 - Opei'alinb MJrgirt.' This Ineli'iL demoiislrales Ilie pi'ofilabilily ol- ope171iiig dssels belore eictplional eNpLn*S arc lakcii into aceoiinl. MLbti'ic 7 - Iletui'n on Capilal Binplo}'cd.. This meii'i¢ Compares the opeixlinE siii'plus lo lolal a55els less ¢urreiil liabilities Jnd is a Lomn)on measure it) the comineirial secloi. us¢(I lu a55¢55 thr eniLieJiLy ol. iiiveslmenls. Res¢rveE policy l)esigi)aied re8eives mainta￿nCd ba5Ed on guidance issued by tlie Almshouse As50cialion for expeiidiiure on cyclical mainlcnance ond extraor(Sinary i¢pairs of the Charily's property. A full 51ock Loii(lilioi) s111.vey was cJrried Ivas i)0 cy¢lic41 revenuc %p£iid in Ihc ycar Lisin8 ihe dc%ignalcd fiindE.-I'licrc was ¢apiial expcndiliire for replaceinent ol. tlic lire ulgl'ni ,%y8tcnTr at a cost nf £11.040, IrpIaccm￿Trt of Communal boiler pal'i8 21 £2,297 aiid Ihe rernaiiiing ¢llpiial expendiluir Wds for wiiiduiv rupldcen)enl planiiing, £16,440. TlierL al'e S￿￿Ell¢ll1 (lesigJnatLd IEsei'iie% l() Iiieei Ilie cyLlicdl revenue ¥XPEI)diliire i'eqiiirenieiily lor 2026 aiid as sucli no transfer is pivpoE¢d for Ihc 2025 a¢couiils. 'rru8iee8 I'egularl}' ￿vic￿vcd the resei'ves ￿lleY aiid consider il prudet]t lo keep 5ufficieiit I'esei've5. livt invesl¢d in tangible ossels, ejldo￿,nle17L or (l¢sigJiiakd IY5¢1'ves, 10 entible ilie paymenl of i'ecui'i'iiig I'uiiniiigT costs foi. a period of 12 n)91i1115. This eqLiales lo ai least £30,UDO-£60,000, lo cover iinfDir.%vcn cmti'gcncic.q 8uch as a lo%$ Df inci)mc. Ila5ed on the biidgei sel for 2Q2C), Ihc C.h8rily liaE sutficicnl fi'cc irseives lo meet this minimum requirement. ## **WEST HACKNEY ALMSHOUSE CHARITY** ## **TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 (continued)** At 31 December 2025 the balance held on Designated Funds was £30,525 (2024: £30,525), held on the General Fund was £276,362 (2024: £220,387) and held on the Endowment Fund was £533,855 (2024: £527.3 I 8). Full details of movements on the funds can be found in note 12 to the Accounts, on page 13. ## **Investment policy** The cautious investment policy set in a previous period continues to operate and carries a moderate risk. Charity's investment funds were invested in accumulation shares held in the M&G Charity Multi Asset Fund with all dividends being automatically reinvested into the fund until December 2025. The decision was made to transfer these funds to Sarasin & Partners and this was complete in 2026. ## **Future plans** There is a large capital expenditure expected in 2026 for replacing the communal windows(£ 159k) and the communal boiler(£ 14k) and a drawing on the investments is required to fund this work. ## **Public benefit** The Trustees have considered the Charity Commission's guidance on public benefit and consider that the activities of the Charity meet its charitable o�jects and provide a benefit to the public. The primary activity undertaken by the Charity is the provision of accommodation to persons of limited means at a cost which is less than they might have to pay in the private rental sector. ## **Trustees' responsibilities statement** The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application ofresources of the charity for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently. - observe the methods and principles in the Charities Statement Of Recommended Practice (SORP) 2019 (FRS 102); - make judgements and estimates that are reasonable and prudent; - state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the association will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable it to ensure that the financial statements comply with the Charities Act 2011, The Charity (Accounts and Reports) Regulations 2008 and the provision of the constitution. It has general responsibility for taking reasonable steps to safeguard the assets of the association and to prevent and detect f[r] aud and other irregularities. Approved by the Board of Trustees and signed on its behalf Fr Brandon Fletcher Chair Date: 11/05/26 WEST IIAC'KNIIY ALMSII()USE C.HARITY INDEPENDENT EXAMINERYS REPORT TO THE TRUSTEES OF WEST IIACKYI FY ALMSHOUSE CIIARITY I repoi'l to Ihe ehority TrLi8lecs on rny exatnination of Ihc accoun15 of the Charity foi. Ihe yeai. ended 31 Decemkr 2025. Responsibilities and IIHsis tbf Reptsi# As the Trusiees of ihe Chai'ity, you respoiisible foi. tlie prepJi¥lion of the Ètccounls in aecordance with thr requiiemenl% of the Clidi'ilies Acl 2011 1,111¢ 2011 ALI'I. I report in I'cspcct of my exarninatinn of the Charity'.q aceaunL% eai'ricd oiil iindcr section 145 of Ihe 2011 Ael and in caiiying out my examination I have tolloived Ihe applicable Directions given by the Cliai'ily Commis%ion unikr eciioii 14515llbl ofilie 2011 Acl. Indepeii(leiit ExamiD¢i 5 St*ttmtnt have coinpleied ii)y examindlion. l Lonfii'iii Ilial no mallers liave coine lo my alleiilion in Ltinntciion with the exatnTriialioii giwing me caiisc lo bclieve ihal in Inalci'ial rcspccl-. accouiiting7 ￿L￿r￿S were not kept in reSp￿Ct of tlie Charily as reqLiired by s¢clioii 130 Df Ihe 2011 ALI; or the dcLounls dci iiul dLLord willi Iliose I'ecards., or the aeeoiinl% do not coiiiply with Ihc applicable rcqiiiitmcnls cni)ceriiing the foi'm and conlcnl ol. accounls 8el oui in ihc Cliai'ilic5{Ac¢ounis and RepoTisI RegLilaiion82008 other Ihaii any requiremenl Ihdl ihv JL¢OUI)Is give a'ti'ue and fail view v,hiLh is not a mJitei' considered as pai'l of ali indepen(leiil ¢Narniiialiun. I have nn concei'ns and have coine across iio other Imatoi-s in ¢onnectioJi with ihe exaniiiialiun lo ivhich d1ien1￿thn should be drnwn in Ihis rewrt in order to enlible a proper uiidersldnding ufilie acLvunls lu be reiiched. Signcd.. Dated: 1110512026 Rachel Doyle ALA rJ(:hA MFIA ChJitered A￿￿LintanIS MHA Housg 8wansca Enterprise Park Swansea SA7 9rs MHA 11)e Iradiiig nanie of Ml IA Audit Seiviees l.l.P, a liinil¢d liability paitiicrship iii l.iigland end Wale5 lYcgi8leiid nuinbcr ()(.'4555421. wr4.5'1' HACIpei'ly. The liousing propei'ty Losi reldies lo iinprovenient5 iti 1984 funded by a Social Huu5iiig Graiil plus subs¢qutnl iinpiuveiiiL'nls aiid coiiipoiient I'eplacemenl c¥rritd oul. Dei)Ir¢iAlion is provided oil all capitalised langible fix¢d a55¢lb, at rates &alLul&led io wi'ile on-the cost, le55 pi-ovidtd un IiLLhold lai)d. 'I'lie value ol-llie hoiising i)rnpci'liiF, btting hisloric co%t, 1% deprccialcd using the componcnt accounting Intiho(I, as iequired by the SORP. The idenlifjed coinwnenls and estimgi¢d useful econoniiL lives are.. As5Ct lJives YeAI's 100 70 30 Roof Wiiidoivs 20 30 30 40 Bttilii'voi MeLhaniLal Ilnder a policy adopted by the Irusiees in Septeimbei. 2052, ilems costing uvei. £5,000 aTe capitèli5ed, Socifil IIou5ing Gi'ant SIiLial H(Jusiiig Gi￿171 18HGI 15 paid by the HuinLS & Cunimuiiilies Agieiicy to i'edu¢e Ilie cusl ol. slicel. l.ollthi¥ing Ihe adnptinii at. Fll%102 Ili15 1.% noiv included in ihe Endoivinciil Fund. SI Ici is repayable undei. cei'l?( in circiimsiances, pr?mgrily following Ihe sale of a property biit ivill noi'tnally be I'esiricied 10 iiel procgeds of salt. Inveslrneiit5 Iiivcslrnenls tti'e simtsd al niid-market valiie at lh¢ frYdldnLe she¢1 dale. All £ains ¥nd losses a￿ lakeii lo Ilie SIM￿men1 of Financial AcliviliLs as th¢y Jrise. The SlatenieTlI of FiiianLikil Aclivilies include5 111¢ nel gaiiis and losses di-ising on I'evaliialioiis aiid diEpotsls Ihri)ughoiil the yeai.. As inir&%ltnctilE arc Icvalued lo fair value continiiou51y, no rcalised gains nr108scs arise. CyL.lit#l reiTrAlrs &iid Inxijiteiiaiice Wes114aLkiiLy Almshouse Cliai'ity ha£ e%labli8htd a Yegiilai. pixjgrnmmc ot'cyclical rcpaii'5 and mainlcnance. C.'D8t% are Lhai'ged to uiirc51riclcd funds in Ihe pcyiod in ivliich Ihcy arc incuiTed. Cxti'xordinAry reiJAlrs Cosls ol'e.Kli'&ordiiiaiy I'epaii'%. iinlc%% Irpresetiiing iinproveincnls lo Ihc piDpcrlie5 ale cbaiE¢d to unrestricted funds iii ilic pcriod in wlii¢li Ih¢y air incuiird. wr.%'i' l.IA(."KNI,:Y AI,M%II()IISI,: (.'IIARITY NOTES TO THE fiNAYCIAL STATEMENTS JIOR'I'III,. NDI,;D JI DEC.'EI MBEII 2025 Icoiilinue(11 1.10 Fknjjd #ocountithg 'hc dc%iBiialcd re%crvcs reprcsciil amounts sci a%idL li)r cyclical Inainitiiance dl)d majoi- Ivoi'ks iespeclivcly, bascd on guidancc issucd by Ihc Almsliouse A%8nCiati()n, le%$ actual eo$18 incurred. The Enduiiriiienl fund I'epresenls Iliose ivhicli rnust be livld pei'niaiieiiily by the Lharily* priii¢ip(Illy Ihe accordaiicc ii'iih thc objLLls of Ilie cl)tlTily aiid is includcd as ui)I'estricied income. An), capital Eains or Iosscs ai'isiiig (Jn Iht inve5lnients forin p4rl oftlie fuiid. Legal advisory c081s relating lo Ihe fuiid ?L re chai'ged agaiiisl Ihe luiid, inveslintiit managerneiil ¢liarges aiy iiol sepxialel), idtiilified b), Ihe fuiid Managei. but al'e cliai'ged diirctly 3g4in%t Iht luDd.'I'hE slat¥d perceiilage is 0.590A ol-tlie funds under niaiiagenient. UniYslriLl¢d genei'41 fuii(Is ar¢ avxilable for use al the disciEtion of Ilie Truslees in fui'ihei'ance of the genei'al objeclivts ofilie Chai'ily aiid wliicli liave nol been desisiialed for dny oiher purpose5. (.'liai'it}' are as follr>wE'. Deb1013 IIBde hnd olhei. deblor.q lijicltiding IEni Jiieai31 are basi¢ finJt)¢ial inbiruments Ji)d Are d¢bt Cash ai bank- is ¢lassified as a basi¢ fin8iieial inslrumenl and is Ineasured at face value. Ii'adL LiedItL)1￿, acci'uals oiliei. ciYdltoi￿ will be cldssIIILd findttLidl insiruineiiis Étnd lllE instnmitnt8' di￿70.%￿1¢. l)clcrird iiiconic 1% noi deemed to bc a tinancial Iiabiliiy, as in the cash %eltlen)ciil has alread), taken place 8nd theie is simply 8n obligJtion 10 deliveT ¢hai'itable services rather Ihan cash or Jnoiher finaiicial inslt'umeni. 1.12 j￿dgen1el1t% an¢1 l(ey soiirce5 of tstlmatinn iiiJtertAItLty Tlie judgiem¢iilS l#pJil fiY)m ihobe iiivolviDg¥ vsliinai¢s1 Ihlii have iE¥ii mJ(l¢ in ihe proLe55 ofapplyiiig Ihe 51alcmcnls arc in respccl of dcprccialioji I'alc5 and Ilie uscfiil cconornic livc% nt langtblc fixcd a*8els. wr.81' IlALKNf,Y ALMSI4Oll%b, (":IIARI'rY NOTES TO THE FINANCIAL STATEfvICNTS FOR'I'HE YLAII kNDCD JI DEC.EMBI,;R 2025 If OlJtiiiue(S1 Analysis vf iDcomv fvom thai'itable aetivatie5 2025 2024 Full occupancy Inainlenance coiilributinns Voids from vacanl prup¢rlie5 87.473 4231 86,509 LonlribLilions Itceivable Iiivestnient iiicom¢ 2025 21]24 L)ividend5 aiid intere51 fTom listed inveslnients 13,783 12,227 Exptndltui't on thArltAblt Aotivltfies 2024 Rauline i'ei)aii% aiid maiiilenAnce CyLlicdl n)d￿lI(en￿lIcC Tolal expEI)diliii-< oil pror£rties 17.052 27,790 24,475 52,265 17,052 Siipiiort C05t5 Light an(1 heal Insurance Cjaicltn ittaintenance iindry ex￿17￿c$ Maiidgjenient charges Clerk's LEmun¢ralion Siibsci'iptions G(Jvei'nance co8t5 Independent examincr's reiiiiincralioii Oilier profeS8iOlidl lees Nel di.8yx)5#1 cnsl nl. IIEeliold impiDvemenls l)epircialion of li'¢eht>ld iniprov¢mLnl% 6,998 2,056 1,036 285 18,439 3,263 4,753 2,210 1,439 876 17,561 4,905 7411 4.320 4,893 169 10,777 10,525 Total ¢xpenditUlE on charitable activities 66,072 99,602 The ch41.ily has employed iio S￿rr in either acLountiiiE pei'iod. None of tli¢'l'riisteL'S, who are con.qidered lo bc Ihc key mai)agcment per%onncl of the cliarity, rccctvcd any cmoliiiiicnls {2024: noncl. Pci. notc 14. tlicrc were no Iru51Ec exFrnsc5 paid in the ycai'12f)24.. £2251. 2024 Re%vli nn nrdinaiy aclivitics is.%talcd allci. chargiiig IndeF￿ndeNt ¢xamin¢T'S f¢ De￿￿¢tatIOn of tangiblc Iixcd a￿tS 4,893 10.946 4,320 10,525 15,839 WEST HACKNEV AI.M.gIIOUSE CHARITY NOTES TO THE FINAIYCIAL STATCMENTS roR THE YEAR E￿,DED JI DECEIMBER 202S {tothliiiJ¢ill 6 Tanelbl¢ fix¢il assets 2025 2024 Fi'tcholtl Proi)¢rlies Equipment Cost ai I, Janudry 2025 Additional duriiig the y¢ai' DisposJl dui'iiig the year 498,799 18,737 12,1801 19,130 11,040 517,929 29,777 (2,180) 517,930 8t 31%1 December 2025 515 356 545 526 517CJ30 l)epi'eciition 148,565 9,506 2,012 10,437 159.002 10,777 2,012 1148,4781 110,5251 Chyi'ge flir the y¥4r Disposal Al 3 1st Decem￿1. 2025 156,059 11.708 167,7671 1159,IY)31 Net book VAlut Al 31 Deceinbei. 2[)24 bi'oiighi forw'ard 350,234 8,693 358,927 369.452 Al 31 1)cccmbci' 2025 carricd fon4'aYd 359,297 18,462 377,759 -358,927 The Charity oivns West Hackney Almshouse %vhicli ivas constr￿cled in the late niiieieenih cejilury. Their is iio reLoYd uf Ilie uribiinal Losl, diid Ilie cost sliuwii abuve IEpfLsenls expetidilure iiicluding Lompy)iienl replaLenienl5 iiicuried since 1984. 7 1iivestmeJ]Is 2025 2024 Cai'i'ying valiic Itnai'kel valuel at beginning of peTiiJd Add= Divideiid reiiivesirnent Less.. DispL)sals al Cari'yiiig vJlue Nei gdin/lLossl on Irvaliialion 315,OCrf) 13.492 {356,3031 291,()69 11,978 Cai'i'ying value (mai'ket iialJe) al end of period 315,060 2015 2024 EJi'¢akdoiYn by f lass Listed Èiivesiinenls 315.060 Al Flisloi'ical Cosl 94,93C) All invesimenls are held within the UK. WTrS"I' HACKNEY AI,MSHOUSI,: CHARITY Nl)Tl¢,S TU 'I-HI,: FINANC".IAL STATFMEN'rs FOR TIIE YEAR EliDED 31 DECEMBF.R 2025 It(>iitinued} Debtoi's 202.f 2024 Rent Aripai's l)rei)ayrnen15 491 2.466 2,250 3.053 2,957 5,303 Creditor% wJJd accrued cxi)eiise5 20Z5 2024 Amounts falling due i¥iihin ot)e year 'I'iadc I:￿dItOrS Reiil in advancc AcLI'uals and Sundiy Creditors 5,690 6.195 5%4 12.283 13.419 20.291 19,063 TheiE ivere no tapiial coniniiimenis At Ihe end of Ihe period. I l) Canlingciil Liabilily In thg evenl ofatiy of ilie properiies being sold Ihere would be a liabilily 10 re¢ytyl¢ oi. Irtmy th¢ 4sbo¢iat¢d granl tlidl lidd beei) Ivritlen baLk. alotiu ivilh ai)y iesidudl gidnl. The lulal dn)Ukint ul'tlie Svcial Housin8 Gi.￿1n1 I'¢L¢ii'ed by ihc Charity £IC)9,342, Th'hich I'cprc5cnlcd Ihc maximum conlingcnl liability at 31 Dtceiiiba. 2021 Ivhen tlie liability li￿nsferIr(I lo ilie succcssor CIO togeihcr iviih Ihc associ&lcd asscts. I l AnAlysis of iiet Assets between futhils As at 31 Deieniber 2025 Deslgnxttil Geikei'al -i'¢ehold liousing piDpeities 377.759 377,759 Net ciirrc]il as￿1$ 30,525 30,525 276 362 27(1,362 156 096 533.855 462,983 840,742 As 31 Deeeiiiber 2024 Deslgiiiiléil Geiierrtl riiiifl Torf(Il rp.eeholdhoii.siiigpiopei-iies 358,928 16,8.390 358,92 315.060 104.242 778,231) 3tl,525 116,J45 104,242 22(J,387 Nei ciii'iriii ci.¥seis 3Q.525 527.31$ WF.SI' IIACI, dcpircialioii IrlalTng In Ilic fiiiid aircharged again%1 the fund. M&CJ Kvho is ihe Fund Managci. 8tales oii Iheir M'ebsTIL thai their ¢hargcs u[Iplied againsi the flind urc 0.5()/u i)er annum, hvivevei. Ihese aye noi septsi'ately disblosed by Ihe fund rnanagTer Hiid huv¢ been n¢ll¢cl vrrin lh¢ fvregFoing disc105uIe. 13 Rtl#ted PAJIY TraJJsAotlons TIILI'e ivcre i?0 ILlated ydrty IrdnsaLlioiis in eiihei. pti'iod. 14 Trystecs Expenscs TlILrL' IvrfL iio Ii'ustLe expense pdid iii Ihe ytdt.. IS Post BAIAtite Shtet E4 veijts policy and dccided lo cl(Jsc M&Ci Cliarity MLilii A%%et FLind. In JAJiii%i'y 2026,'1'hc Cliayity, ha.% rcil1ve￿cd £356,302,65with Sai'asiii & ParlneTS. Thi5 Thove IEprcscnt5 a change in iiivcslniciil vchiclc and Inanagcmeiit: WL8'1' HAC.I