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 st￿et
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 finan￿31 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 appIl￿ble to Gharit185 p￿paring 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 m8cro*coriornic 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 deliVe￿d thi5 year and Contributed to achieving our
¢haTltable objectives".
Saf& dispersed ac¢ornmoOation
Vwnner Trading Ltd has Suc￿$$fullY managed a disp8r*d accommodation Se￿l¢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 rn88su￿s 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 serVI￿S 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 th￿e 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
cUr￿nt 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 fUnd￿n9.
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 In￿8058 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 p￿ventIon 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
Wh￿Ch 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 reSoUr￿s. 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
con￿rn 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'nan￿￿1 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 fO￿n
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 re￿IVed 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 ne￿SSary to
enabl8 the preparation of financial ststements th8t are free frorll materi81 misstatement. whether due tD fraud or
error. In P￿parIng 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
COn￿M 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$OnablY be expected to influence
the economic decisions ol user5 taken on the basis of these financial slalernents.
The extent to which our pro(*du￿5 are eapable of detecting irregularities. induding fraud. Is detaikd below.
A further descnption of our r8sponsibilities is available on th8 Financial Reporting Council's website at.. https".11
www.fr¢.org.uklauditorsresponsibilities. This de5¢ription forms part of our auditorfs report
U¥* of our report
This r8POrt Is made 501ely to the company'5 member5. as a body, in accordance with section 391 of the Companies
Act 2014. Our audit work has been undertaken SO that we might stste to the Company's rnernbers those matte15 we
are rwuired to State to them in an auditors report and for no other purpose. To the fullest e*(ent permitted by law.
we cjo not a¢￿pt or assurne re5pon51bility to anyone other than the company and the Cornpany's mernbers as a
body. for our
Work. for this ￿Port. or for the opinion5 we have formed.
than Leathley (Senior Statutory Auditor
and on behalf of Fawley Judge & Ea8ton
hartered Certified Ac¢ountants
ststutory Auditor
I Parliament Street
Hull
East York$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
un￿StrICted
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 ￿qui￿￿ents
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 compan￿5 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
regIste￿d 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 P￿paring 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 p￿pared 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 poli￿e$ 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 fO￿Seeable future. Thus the trustees
(L)ntinue lo adopt the going con￿rn 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￿ Cond￿On$ have bgen met.
the amounts can be measured reliably. an(1 it is probable that incoThe will be rel￿1ve(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 re￿Ipt 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 allO￿ted 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 Pro￿edS
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 app￿tiatiOn. 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 equiva￿ntS 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 ￿nfor￿able 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 balan￿s. 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 re￿Ipts tJis¢ounted at a market r8t8 of interest. Finan￿81 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 p￿sented as non-cuiient liabilities. Trade c￿ditorS a￿ ￿cogniSed Initially at
transaction Pri￿ and subsequ8nUy measured at arnortised cost using th8 effeetsve interest method.
Derecogniiion of financial liabllities
Financial liabilities are de￿COgnised 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 aPpa￿nt 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 a￿1VitieS 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 a￿Ul$ition
Net gains or losses through fair valua adjustments
4,261,750
78.196
782.904
At 31 March 2025
5.122.850
The Trustees have ￿valued the propert￿3 using the cuiient market value5 of similar properties in thè
immediats area of the housing stock. The inforrnation has been gathered trom recantly sold price5, current
properties for sale and online Sou[￿S such a5 Zoopla.
17 Debtors
2025
2024
Amounts falling dua withln ono year-.
Trade debtors
Other debtors
Prepayments and a¢crLSad income
466,163
11.944
33,004
467,530
11.944
40.745
511,111
520,219
18 Loans and overdrafts
2025
2024
Bank loans
923.721
947.199
Payabl8 Within one year
Payable after on8 year
32,950
890.771
33,250
913.949
The lon*term loans are s8curecl by fixed charges ov81 all propety held by the charity.
19 Creditors: amounts falling due wllhln one year
2026
2024
Note$
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 p￿ViouS 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
F￿viOuS 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