Charfjty registration number 1195511 Company registratlon number 05699019 IEn9land and Wale$l WINNER TRADING LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
WINNER TRADING LIMITED LEGALAND ADMINISTRATIVE INFORMATION Trustee8 Ms L M Hilder Ms T L Coop8r Ms A Sigsworth Ms J Joyce (Appointed 10 February 20251 Charlty number 1195511 ompany numbor 05699019 Registered office 185 Pr8Sttsn Road Hull E85t Yorkshire England Hug 5UY Audltor Fawley Judge & Easton Chartered Certified A¢¢ountants 1 Parfiament stet Aull East Yorkshire HU12AS
WINNER TRADING LIMITED CONTENTS Page Trustees, report Statement of trustee8' iesponsibilities Independent auditofs port staternent of fin8n¢ial 8ctrvities Balance sheet Statement of cash flows Notes to the finan31 statsments 10-18
WINNER TRADING LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustee5 pre58nt their annual report and finanaal st8tements for the year ended 31 March 2025. The financial Statements have been prepsred in accordance wth the accounting poli¢ie5 Set out in note 1 to the financial statements and comply with the charity's artic$ of association. the Cornpanies Act 2006 and "Accounting and Reportlng by Charities.. Statsment of Recommend8d Practice appIlble to Gharit185 pparing their accounts in accoidance with th8 Financial Reporting Standard applicable in the UK and R8public of Ir8land IFRS 1021" (effective 1 January 20191. Oblectives and actlvities Th8 charity's objects late to the provision ol safe and supported accommodation to women and ¢hildr8n experiencing domestic Violen and abuse. The polici&5 adop18d In furthera of these objects are the charty's articles and ther6 has been no change in these during this fitst year as a ¢harity. Public ben8fit The trustees have paid due regard to guidance issued by the Charity Comrnission in deuding what activities the charity should und8rtake. Aclivit185 Winnei Trading Ltd 15 run by women for wom8n and airns to offer safe and supported accommodation to wornen and chikJr8n exp8riencing domestic violence and abuse. D85Plte the cha118nging m8crocoriornic cliThate the organisation has continued to dev81op rts Servi$ to respond to intteased demand and need In the surrounding community The orgsnisation owns or m8nages a portfolio of 180 dispersed propert18s and works closely with women and Children affe¢t8d by domestic Violen and abuse every year. enabling them to cope with crisis and develop themsel¥8s positively. Below is a synopsis ol our key servios which have been deliVed thi5 year and Contributed to achieving our ¢haTltable objectives". Saf& dispersed ac¢ornmoOation Vwnner Trading Ltd has Suc$$fullY managed a disp8rd accommodation Sel¢e Sin 2008. All the properties in the portfolio ar8 consistentty tenanted. have worked su¢c8S5fully in partnership with the local authority and other local organisations to ensure that each property also b8n8fits from target hardening rn88sus and Is equipped with lifeline alams a5 necessary to each teriant. We currently manage around 180 properties as part ol th8 Hull Safe Women's Homes group and are seeking to Increase th1S Portfolio further in the next year ihrough partnership with other agencies and social investment funds. In 2022 we also opened an additional ten purpose built one bedroom8d flats forwomen without children- the first of a long t81tn programme of naw build. environm8ntally friendly units d8signed around women's needs and to minimi$8 the cost of utilits.es for residents. As part of this development we used modem methods of con5tru¢lion to peed up the build tlrne and optimise the th8fTral etti¢enCY of the units. The provision of these solutions not only delivers safe accomrnodation lor those in desperate need of it. the holistic wrap around serVIS prow¢Je(I by Preston Ro8d Women's ntre, Whe the organi5ation is ¢o-located, Integrated with safe accommodation delivers ouistanding outcornes for those families anLI sunificant retums on Investment for the public purse. VIÈ have also worked in partnership with women's 58Ctor organisations acr033 the country t0 5UPPOrt thern to develop their own housing for women Iri their ar885. Figures based on Horne Office dats, Cabinet Office and other Govemment Departm8nt publicaliorth and searCh demonstrate that lor each £1 invested In prevention of domestic violence abuse, a rtturn of £7.12 can be achieved.
WINNER TRADING LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Volunteers The work of all the volunteers within the cornp8ny is greally valu8d. Not only do our volunteers give of their time and energy to support the organisation. they contllbute actively to shaping our servi$ and co-producing servi(x5 alongside our tenants. Local women support local women to ff¢ovei from crises and rebuild their lives through the activitE$ and services the ntre provides. Achievements and perfomban¢8 Significènt atrtivitres and achiev8ments against obj8cbves FuNdr3ising activities Fundraising activits.es during the year included income from. Rental income from our dispèrsed accommodation Prop8rty management charges from private landlords - contract income from the Lo¢al Authority Financial revlew Res8rves policy It Is the policy of the charity that unrestricted funds which have not been designated foi a speryfic use should be maintained at a level equivalent to belween the and 51x month's expenditure. The trustees consider that reserves at this level will ensufft that. in the event of 8 51gnificant drop in funding. they will be ab18 to continua the ¢harity's cUrnt actlvlties while consideration is given to ways in which additional funds may be rsised. This level of ieserves has teen rnaintained throughout th8 year. The trustees have established a reserves policy wherèby they wish to S8e the unrestricted funds not wmmitted or Invested In tangible fixed assets I'the free res8rves'l held by the charity lo b8 at a lev81 to ensure the continuity ol the charity and this equates to approximately £80.000 In 98neral fund5. At thi5 level the trustees feel that th8y would be able to Continue Cur nt activities of the Company in the avent of any significant drop in fUndn9. Addib'onal reserves may b8 applied to ieducing our loan oommitments as and when the Trustees deem prudent. Principal funding sources The principal funding sourw for the organisation during 2024125 a.. Income from dispersed a¢commodation Property management fees from privats18ndlords Incorne from Local Authority ¢ontracts The trustees have assessed the major ri5k5 to which the charity 15 exposed, and afft satisfied that systerns a in place to mitigats exposu to the major risk5. Pban8 for future periods Ihfinnei Trading Ltd will continue to S88k opportunities to In8058 its portfolio of (Jispersed accommodation offèring safe accorNmoOation to women and childr8n fleeing violencè and abuse. INork will also continue to identify fvnds to construct new prop8rties, in particular to meet the Identified n8eds for environmentally sustainable properties to assist our residents on low Incomes to heat and run their hornes affordably We will work with statutory sector partners and ¢haritabLe trusts to raalise these 85pirations so th8t the organisation can continue to provide its 855ential services far into the future.
WINNER TRADING LIMITED TRUSTEES. REPORT IINCLUDING DIRECTORS, REPORT) (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management The charity is a compsny limited by guarantee. The trLlStees, who are also the directors for the purpose of company law, and who served during the y88r and up to the date of signature of the financial statetnents were". Ms L M Hilder s T L Cooper Ms A Sigsworth Ms J Joyce (Appointed 10 Febwary 20251 ReGruitment and appointm8nt of trustèes None of the trustees has any beneficial interest In the company. All of the trustees are rnembers of the company and guarantee to contribute £1 in the event of a winding up. Audltor In accordan with th8 company's artide5, a r8501ution proposing that Fawley Judge & Easion be reappointed as auditor of the company will be put at a Gen8ral Meeting. The stees, report was approved by th8 Board of Trustees. MsLMHild Trustee 14 July 2025
WINNER TRADING LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The tiustees, who are a150 the directors of Winner Trading Limited for the purpose ol company law, are rasponsible for preparing the Trust8es' Report and the financial statements in accordan with applicable law and United Kingdom Awounting Standards (United Kingdom Generally Accepted Acwunting Practi¢el. Corllpany Law requires the trust8es to prepa financial statements for each financial y8ai which give a true and fair view of the state ol affairs of the charity and of the incoming resour$ and application of resou$. including the Income and exp8nditure, of the charitable cornpany lor that year. In preparing thèse financial statements, th& trustees are qUired to. select suitable accounting policies and then apply them con51Stently'. ob58rve the methods and principle5 in the Charities SORP., make judgements and estimates that a 8$onable and prudent.. and prepare th8 financial statements on the going conr£rn basi$ unless it is inappropriate to presume that th8 charity will continue in operation. The trustees are r85ponsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the ch8rity and 8nable them to ensur8 that the financial stat8ments Comply with the Compani8s Act 2006. They are also r8sponsible for safeguarding th8 assets of the charity and hence for taking asonable steps for the pventIon and d8tection of fraud and other Irregu131ities.
WINNER TRADING LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF WINNER TRADING LIMITED Oplnion We have audited the financial stst8ments of Winner Trading Limited Ithe 'charity'l for the y88r ended 31 March 2025 WhCh comprise the statement of finanaal acty'vities, the balan sheat. the st8ternent of Cash flows and notes to th8 Iinancisl statements, Including significant awounting policies. The finantyal reporting framework that h85 been applied in their preparation Is applicable law and United Kingiyom Accounting Standards, incluLling Financial Reporting Standard 102 Financial Reporting Stanclard applicable in the UK and Republic of Ireland (United Kingdom Generally A¢pted Accountin9 Practice). In our opinion. the fi'nancial statements. giv8 8 true and fair vieN ol th8 State of the charitable companls affairs a5 at 31 Mar¢h 2025 and of rts Incoming resokJr(s and application of reSoUrs. for the year then ended, hava been property prepared in accordance with United Kin9dom Generally A¢•ptsd Accounting Pra¢ts¢8," and have been prepared iri accordance with the requir8rnents of the Companies Act 2006. 8asis for opinion We conducted our audit in accordan with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities UFKlei those 5tsndard5 are further described in the Auditorfs spOnsibl11118S for the of the hnanci81 stat8ments sect10n of our pOrt. We are independent of the charity in accordan with the ethical requirement3 that are relevant to our audit of the financial statements in the UK. Including the FRC'S Ethical Standard. and we have fulfilled our other ethic81 responsibilities in accordance with these requirements. We beli8ve that the audit evidence we h8ve obtained is sufficient and appropriat8 to provide a basss for our opinion. Conclusions relating to going concern In auditing the financial statement5, we have concluded that the tiustees, use ol the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perforrned, we have not identified any material uncertainties relatin9 to evènts or conditions that, Individually or 00118Ctively. may cast significant doubt on the charity's Jbility to continue as a going conrn ft)r a period of at least twelve rnonths from when tme financial statements a authorised for Essu8. Our responsibilities and the responsibilities of the trustees with respect to goin9 ¢oneern are descnbed in the r&vant sections of this r8POrt. other infomiatlon The other Inforrnation comprises the infomation included in the annual port oth81 than the fi'nan1 statements and our auditor's report thereon The truste85 are responsible for the other information contained within the annua1 report. Our opinion on the financial statements doe5 not cover the other Information 8nd we do not express any fOn of 855urance conclusion thereon. Qur re5POnsibility is to lead the othei infonnation and, In doing SO. COll51der whether the other information is rnaterially incon51Stent with the financi81 statefflents or our knowledge obtained in the (x>urse of the audit. or othefwise appears to be materially mi5Stated. If we Identify such materi81 Incon51Stencies or apparent m3terial misstatements, we 818 requiffd to d8teimine whether this gives rise to 8 tnaterial misstatement in the financial ststemenls Ih8msefves. If, based on the work we have perforrn8d. we condude that there is a material rnisststem8nt of thk% Other inftsmation. w8 sr8 requi& to r8POrt that fa¢t. We have nothing to report in this regard. Matters on which we are required to port by 8xceptlon Vve have nothing to report In iespect of the following matters in latiOn to which the Charrties (Attounts and Reports) Regulations 2008 QUIre us to report to you if. in our opinion". the inforrnation given in the financial statements is inconsistent In any material respect with the Iruste8S' report.. or sufficient accounting records have not been kept., or Ihe financial statements are nol in agreement with the 8c¢ounty'ng racords", or we have not reIVed all the information and explanations we require lor our audit.
WINNER TRADING LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF WINNER TRADING LIMITED Respon5ibilltles of trustees As explained MO fully In the statetn6nt of trust8es' ponsibIlItieS, the tiustees, who are also the directors of th8 charity for the purpose of cornpany law, are sponSible for the preparation of the financi81 ststements and fDr being satisfied that they give 8 true and fair view. and for such Intern31 control as the trustee5 determin8 Is neSSary to enabl8 the preparation of financial ststements th8t are free frorll materi81 misstatement. whether due tD fraud or error. In PparIng the finana31 stat8rnents. the tiustees are responsible for assessing the charity's ability to continue a5 a going concern, disclosing. as applicable, matt8rs related to going concein and using the going COnM basis of a¢counting un18SS the trustees erther Intend to liquidate the charitable oompany or to cease operations, or hav8 no realistic alternative but to do so. Auditofg responslbilities for the audit ol the financial statements Mave been appointed as auditof under section 144 of the Charities Act 2011 and report in accordan with th8 Act 8rid relevant regulations mad& or having eftect ther8under. Our objectives arè to obtain rtaSonab assuran about whether the finanoal statements as a whole are tree from material misStalem8nt, whether due to fraud or 8rror, and to issue an audito¢s report that indudes our opinion. Reasonable assuranc8 is a high level of assurance bui is not a guarantee that an audit conducted in 8c¢ordanc with ISAS IUKI will always det8Ct a material misstatement wh8n it exists. Mi5Statements can arise from fvaud or 8rror and are ¢onsidered mat8rial if. individu311y or in the aggr8gate, they could 3$OnablY be expected to influence the economic decisions ol user5 taken on the basis of these financial slalernents. The extent to which our pro(du5 are eapable of detecting irregularities. induding fraud. Is detaikd below. A further descnption of our r8sponsibilities is available on th8 Financial Reporting Council's website at.. https".11 www.fr¢.org.uklauditorsresponsibilities. This de5¢ription forms part of our auditorfs report U¥ of our report This r8POrt Is made 501ely to the company'5 member5. as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken SO that we might stste to the Company's rnernbers those matte15 we are rwuired to State to them in an auditors report and for no other purpose. To the fullest e*(ent permitted by law. we cjo not a¢pt or assurne re5pon51bility to anyone other than the company and the Cornpany's mernbers as a body. for our Work. for this Port. or for the opinion5 we have formed. than Leathley (Senior Statutory Auditor and on behalf of Fawley Judge & Ea8ton hartered Certified Ac¢ountants ststutory Auditor I Parliament Street Hull East York$hir& HU12AS 24 September 2025 Fawley Judge & Easton is eligible for appointment as audrtor ol the charity by virtue of its eligibility for appointment 85 auditor of 8 company under section 1212 of the Compan185 Act 2006.
WINNER TRADING LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 unStrICted funds 2025 Unre$lrictad funds 2024 Note8 Income and endowTnents from.. Donations and legacies Charitable activitws Other tiadin9 activities Oth81 income 24,181 2,147.409 16.882 2,388 24,181 2.368.200 19,057 3,000 Total Income 2.190.860 2,414.438 Expenditure on: Raising funds Charitable activities Other expenditu 15.370 2.045.119 18.072 2,467,014 1.200 13 Totsl expenditure 2.060.489 2,486,286 Net gainsll105sesl on investments 14 782.904 1459.6881 Net In¢orn•llexpenditurel and movement in funds 913.275 1531.5361 Raconcillatson of funds.. Fund balances at 1 April 2024 1.666,501 2,198.037 Fund balan¢es at 31 March 2025 2,579,776 1,e66,501 Th8 Statement of financial activibes in¢Sud8s all gains and losses COgniSed In the ygar. All Income and expenditure derwe from continuing a¢tivitI8S.
WINNER TRADING LIMITED BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Fixed assèts Investment property 18 5.122,850 4,261.750 Current assets Debtors Cash at bank and In hand 17 520.219 24.542 71,595 582.706 544,761 Credttors: arnounts falling due within one year 19 11,247.3211 11.214.1921 Net current liabilltles 1664,6151 1669.4311 Total assets le88 Current liabllltl¢$ 4,458.235 3,592,319 Credltors.. amounts falllng due after more than one year 20 11,878.4591 11,925,818) N8t assets excludlng ponslon liabi15ty 2,579,776 1.666,501 Net assets 2.579,776 1,666.501 The funds of the charity Unrestricted funds 2,579,776 1,866.501 2,579.776 1,666,501 The company is entiU8d to the exemptron from the audit quireMent contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025, although an audit has been carri8d out un¢er 38ciion 144 of the Charities Act2011. The directors adrnowledge their responsibilities lor complying with the requirements of the Companies Act 2006 with respect to accounting records and the prep8ration of finanaal statements. The members have not required the company to obtsin an audit of its financial statements under the quients of the Companies Act 2006. for the yaar in question in accordance with section 476. Th85e financial statements have been prepared in accordan(x with the provisions applicable to compan5 subject to the sm811 companies regime. The financial staternents were approved by the trust88s on 14 July 2025 Ms L M Hil¢Yer Trustee Company registiation number 05699019 (England and W816s1
WINNER TRADING LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Note8 Cash flows from op8Atlng activltig8 Cash generated frornll&bsort)ed by) opeTrtion5 148.727 1210,6501 Investing •¢tivities Purchase of Investment property 178,1961 182.9681 Net eash used in investing activities 178.1961 182,9681 Flnanciny activltias R8payment of bank loans 123.4781 293.589 Net cash lused Inllgeneratsd from financing activitles 293.589 123,4781 Net Increa$8lldecr8asel In cash and ¢a8h equivalents 47.053 1291 Cash and cash equivalents at beginning of year 24.542 24,571 Cash and cash equivalènts at end of yèar 71,595 24.542
WINNER TRADING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting polÉcie Charlty inforniatlon Winner Trading Limited is a pnvate company lirnited by guarantee incorporated in England and Wales. Th8 regIsted office Is 185 PEston Road, Hull. East Yorkshire. HU9 5UY, En918nd. 1.1 A¢counting convèntion Th8 financ131 statem8nts have been prepared in awordance with the charity's Igoveming do¢urnenti, th8 Cornpanies Ad 2006, FRS 102 "Th8 Financial Reporting Standard 8pplicabb In the UK and Republic of Ireland I'FRS 102,1 and th8 Charities SORP "Accounting and Reporting by Charities. Ststemenl of Recommended Practi applicable to charit18s Pparing their accounts in accordanc8 wilh the Financial R8POrting Standard applicabl8 In the UK and R8public of Ireland IFRS 1021" (effective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The Iinan¢i81 statements are prepared in steding. which is the functionsl currency ol the chanty. Monetary amount5 In these financial statem8nts are rounded to the nearest £. The financial siatements have been ppared under the historical cost convents"on, Imodified lo include the valualion of freehok1 properties and to Include investrnent properties and certain finanoal instrurnents at fair valuel. The principsl accounting polie$ adopted are 58t out below. 1.2 Going concem At the time of approving the financial statements, the trustees hav8 a asonable expectation that the charity has adequate ffsources to continue in operational eXIstsn for the fOSeeable future. Thus the trustees (L)ntinue lo adopt the going conrn basi5 of ac¢ounting In pr8paring the financial stateThents. 1.3 Charltable funds Unrestiicied funds a available for use at th& discretion ol the Iru5tees in fkJrtheran¢e of their chaiitsble objectives. Restnoted funds ar8 subject to speafic conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment rnds a subject to specific conditions by donors that the capital must be rnaintained by the charity. 1A Income Incom8 is recognised when th8 charity is legally entitled to It after any partoman CondOn$ have bgen met. the amounts can be measured reliably. an(1 it is probable that incoThe will be rel1ve(j. Cs5h donations are recognised on receipL Other donstion5 are recognised once the chaiity has been notifièd of the donation, unless perfor[nan conditions require deferral of the amount. Income tax iecovemble in r8lation to Iyonations 1Ved under GIftAid or deeds ol wvenant is COgnised at the time of the don8tion. Legacies ar8 r•cognised on reIpt or otherwse if the charity has been notified ol an impending distribution, the amount is known. and retsipt is expected. If the amount Is not known, the legacy is treated as a contingent asset.
WINNER TRADING LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Accounting policios Icontinuedl 1.5 Expenditure ExpendituE is recognised On th is a gaI or constructiwe obligation to transfer economic benefit to Ihird party, it Is probab that a tiansfer of econornic benefit5 will be required in settlement. and the amount ol th8 obligation can be measured ieliably. Expendituie is cl85sifi8d by a¢tivty. The costs of each activity are made up ol th8 total ol direct costs and shared costs, Including support costs involved in undertaking each activity Direct costs attributable to a single activity are alloca18d directly to that activity Shared costs which contribute to more than one a¢tivity and support costs which are not attributable to 8 single activity ar8 apportioned bebween those activrties on 8 basis consistent with the use of resources. Central stsff costs are allOted on the basis ol time spent, and d8prec1ation charges are allocated on the portion ol the asset's US8. 1.6 Tan9lbl8 fixed assets Tangible fixed assets s inrtlally measured at cost and subsequendy measured at cost or valuation, net of ijepreciation and any impaiment10sses. Depreciation is cOgnised so a5 to write off the cost or valuation of assets less their residu81 values over their useful lives on the following bases. Cornputer5 25% on a straight lin8 basss The gain or loss arising on th8 disposal of an as38t is determined as the differentr belween the sale ProedS and the c2rrying valu8 of the asset, and is ¢¢gniSed In the 5tstement of finJncial actsvities. 1.7 Investment property Investment property. which is property held to earn rentals andlor foi capital apptiatiOn. Is Initially c4gnised at cost. which includes th8 purchase cost and any direct attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss. IProp8rty nted to a group entity is accounted for as tangible fixed assets.] 1.8 Cash and cash oqulvalents Cash and rAsh equivantS in¢lud8 cash in hand, deposits held at c211 with banks. other short-tem liquid investrnents with original maturities of three months or less, and bank overdr8ft5. Bank overdrafts are shown within borrovmngs In current liabilities. 1.9 Flnancial instruments The charity has elected to apply the prowsions of Sectron 11 'Basic Financial Instruments, and Section 12 'Other Finanoal Instruments Issues. of FRS 102 to all of its financial Instrurn8nt5. Financial Instruments are recognised in the charity's balan1 sheet when th8 charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial ststetnents. when ther8 is a legally nforable right to sel off th8 recognised amounts and there is all Intention to settle on a net basis or to realise the asset and sattle the liability sirnultaneousty. Bas1¢ financi31 assets Basic financial assets, which include debtors and cash and bank balans. are initially measured at transaction Pri including transaction costs and are subsequently carried at arnorknsed cost using the effective Interest method unle3S the arrangernent constitutes a financing transaction, where the transaction is measured 8t the present value ol the futur8 reIpts tJis¢ounted at a market r8t8 of interest. Finan81 assets classified as receivable within one year are not amortised.
WINNER TRADING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcias Icontinuedl 8asi¢ financial Ilabiliti•s 8asic finsncial liabilities, Including credrtors and bank loans are initially cogniSed at transaction price unless th8 arrangement constitutes a financing traN53Ction. where the d8bt instrument 15 measured at the present Value of the future payments discounted at 8 market rate ol interest. Financial liabilities dassified as payable within one year are not amortised. Debt instrurnents are subsequentty carried at amortiS8d Cost. using the effective Intsrest rate method. Trad8 creditors are oblwJations to pay for goods or servic85 that hav8 been a<4uiied in the oidinary course of operations from suppliers Arnounts payab are classified 85 current liabilities if payment is due within one year or 18ss. If not, they ar8 psented as non-cuiient liabilities. Trade cditorS a cogniSed Initially at transaction Pri and subsequ8nUy measured at arnortised cost using th8 effeetsve interest method. Derecogniiion of financial liabllities Financial liabilities are deCOgnised when the Charity's contractual obligations expire or are discharged or cance118d. 1.10 Employe• benefits The cost of any unused holiday 8ntitkment 15 recognisèd in the period in which the ernployee's setv1$ are re¢eiv8d. Temination benefits S recognised irnmediately as an expens8 when the charty is d8rnonstrabty committed to temiinate the employment of an employe8 or to provKl6 terrnination benefits. Crltlcal aeeounting estlmatès and ludgements In the applic8ts.on of th8 charity's accounting poliaes. the trustees are required to rnake judgem8nts, estimate5 and 85SUrnPtions about th8 carrying amount of assets and liabilities that are not readily aPpant frorn other SOUr(S. The estsmates and associated a55umption5 are based on historical experience and other fadors ihat a conside to be relevant. Actual result5 may differ from these estimates. The estimates and undedying assumptions ar8 reviewed on an ongoing basis. Revision5 to awounting 85timates ar8 iecognised In the period in which th8 estimats is revised where the revision affects only that period, or In the period of th8 revssion and fvtU periods where the revision affects both current and future periods. Income from (lonation$ and legaciès Unrestricted funds 2025 Unrestri¢ted funds 2024 Grant released 24,181 24.181
WINNER TRADING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 In¢omt from charitable activitigs Unts$trl¢ted funds 2025 Unrnstrlctsd funds 2024 Core Rent5 re[l¥able Mldwifery 2.088,215 59.194 2,368,200 2.147,409 2,3e8,200 Incom* from other trading a¢tivit18S Unre8trict8d Unre8trict¢ fundg funds 2026 2024 Shop income 16,882 19,057 Other income Unr•strl¢tgd Unr•strl¢ted funds funds 2025 2024 Other incorne 2,388 3,000 Expenditure on ralslng funds Unre$trl¢ted Unrestricted funds funds 2025 2024 Tradlng cost8 Operating charity shops 15,370 18,072
WINNER TRADING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activltles Core Core 2025 2024 Direct eosts Staft costs Property repairs and renewa15 Lease Costs Housing proactwe Rates Bank Interest on loans Bad Debt 599,725 424.255 737.431 86,906 26,450 71.525 29,934 652,099 505.592 821.243 96,394 11,156 43.908 219.842 1.976.228 2,350,234 Share of support and governan¢8 costs lsee notè 91 Support Gov8rnan 29,818 39.075 32,574 84.206 2.045.119 2,467,014 Analysis by fund Unresbi¢ted funds 2,045.119 2,487,014 Support costs allocated to activiiles 2025 2024 Printing Postag8 and Station8ry Loan Inlergst Sundry Insurance IT Maintenance GoVernarn costs 43 4,043 571 23.426 1.735 39,075 22 7,969 22,848 1.735 84,208 68.893 116,780 Anolysed b8tsveen: Core 68.893 116.780 10 Net mov8m8nt in funds 2025 2024 Th8 net movement in funds is state¢J after chargingllcre¢itingl'. Fees payable for th8 audit ol the charity's financial statements 2,768 2,713
WINNER TRADING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Trustees None of the trustees lor any p8ts0ns conn8Cted with thernl received any remuner8ti0n or benefits trom the ¢harity durin9 the year. 12 Employees The average monthly number of employees during the year was". 2025 Number 2024 Numbof 26 26 Employment costs 2025 2024 Wages and salanes 599.725 652.099 The were no employees whose annual remuneration was more than £60,000. Remuneration of key managemont personn81 The remuneration of key management personnel was as follows.. 13 Other expenditura Unrestricted Unrestricted funds fund$ 2025 2024 Donations 1,200 14 Galns and lossos on Investmonts Unr8Strieted Unrgstrictsd funds funds 2025 2024 G8inslllossesl arising on. Revaluation of Invesbrent properties 782.904 1459,6881 16 Taxatlon Tre charity is exempt from tsxation on its a1VitieS because all its incorne is applied for Charitable purp058S. 15
WINNER TRADING LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 16 Investmant property 2025 Fair value At 1 April 2024 Addition5 through extarnal aUl$ition Net gains or losses through fair valua adjustments 4,261,750 78.196 782.904 At 31 March 2025 5.122.850 The Trustees have valued the propert3 using the cuiient market value5 of similar properties in thè immediats area of the housing stock. The inforrnation has been gathered trom recantly sold price5, current properties for sale and online Sou[S such a5 Zoopla. 17 Debtors 2025 2024 Amounts falling dua withln ono year-. Trade debtors Other debtors Prepayments and a¢crLSad income 466,163 11.944 33,004 467,530 11.944 40.745 511,111 520,219 18 Loans and overdrafts 2025 2024 Bank loans 923.721 947.199 Payabl8 Within one year Payable after on8 year 32,950 890.771 33,250 913.949 The lon*term loans are s8curecl by fixed charges ov81 all propety held by the charity. 19 Creditors: amounts falling due wllhln one year 2026 2024 Note$ Bank loans Trade credito Other creditors Accruals and def&ried Income 18 32,950 160,289 1,044,522 9.560 33.250 301,163 877,139 2.640 1.247,321 1.214.192
WINNER TRADING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Cr•ditors= arnounts falling due aftor more than one year 2025 2024 hlotss 88nk loans Government grants 18 21 8),771 987,e88 913.949 1,011,869 1.878.459 1,925.818 21 Govemment grants Deferred income Is included in the financial statement5 as follows.. 2025 2024 Deferred Income is induded within.. Non-current liabilities 987.688 1,011.869 Movement5 In the yeai". Deferred Incom8 at 1 April 2024 Released from pViouS periods 1.011.869 124,1811 1.03e.050 124,1811 Deferred Income at 31 March 2025 987.688 1.011.869 22 Unr88tri¢ted funds The unrestricted funds of the charity comprise the unexpend8d balances of donations and grants which a not subje¢l to specifi¢ Conditions by donor5 and grantors as lo how they may be used. These include d8signatecl funds whid) have been set aside out of unr88tricted funds by the truste8$ for specific purposes. Gains and At 31 March losses 202S At 1 Aprll 2024 Incoming resou¢8 Resources expended G8n8r81 fun(Js 1,668,501 2,190.860 12,060.4891 782,904 2,579,776 FviOuS year- At l April 2023 Incoming r¢$ourc8S Re$ourc8s èxpended Galn$ and At 31 March losses 2024 General funds 2,198.037 2.414,438 12,486,286) 1459.6881 1.666.501 R•lated party transactlon¥ Transaction$ wlth related partles Dufing the year the charity entered Into the following transactions with related paities..
WINNER TRADING LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Relatsd party transactions Icontsnuedl The following amounts W8re outstarKJing at the reporting end date.. Amounts owe(I to related parties 202S 2024 Othèr ralated parties 1,044,522 809.632 24 Cash 9¢n8ratsd from operations 2025 2024 Surpluslldeficitl for the y88r 913,275 1531,5361 Adjustments for. Fa1r value gains and lossas on investment propert$ 1782,9041 459.688 Movernents In wot1(ing c2pital. 08cr88se in debtors Increaselldecreasel in creditors IDe¢reasel In def8rred Income 9,108 33.42g 124.1811 79,216 1193.8371 124.1611 Cash generated fromllabsort)¢d by) operations 148,727 1210.6501 25 Artraiysis of chang8$ in net Idebt)ffunds At 1 April 2024 Cash IIowsAt31 March 202S Cash at bank and in hand 24,542 47.053 71,595 Loans falling due within one year Loans falling due after rnore than one year 133,2501 1913,9491 300 23.178 132.9501 1890.7711 1922,6571 70.531 1852.1261