lfvtu*S*TrthreTThn5AthI R41. OP4Js8VXtH￿?JSQpl02jOT￿s￿3 BSTILlfC *110 ItsP 11&7
Homes Eryland number. 4756
Chwity Number. 1197888
TCUK HOMES LIMITED
(A company limrted by guarantee)
Annual Report and Financial Statemenls
for the Year Ended 31 March 2025
11111
*AE8WKMYP*
2e•J¥2025
COMPANIES PIIYJSE
#123

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TCUK Homes Limited
Contents
Ci¥npany I￿OMiall¢
Re[m￿ of tr* Board (r￿udi4 Strategic Reyt)
21012
13to16
17
18
19
211034

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TCUK Homes Llmited
Company Information
Direct
ATMSli
SBdl
M Sm#h
T￿ VaV• Tradry Es1*
•KI W
NE11 ONJ
Solicitor5
sirth￿ LLP
Tr* Cube
Ba￿dc* Road
NE4 6DB
Auditor
Regent Ce
NE3 3LS

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TCUK Homes Limited
Report of the Board (including Strategic Report) for the Year Ended
31 March 2025
The Board of TCUK Hunes Lrnited present tt*ir reprt Ihe stra*gi¢ and the aKlited
fffiancbal slatements for the er#ded 31 M¥ch 2025.
Principal acts¥ity
Members of Ihe Board of Man•gemMt
Stephen Bell CEO. ChryiTrJ LibTs.
Anne-Mwi8
Jex Shr
Chair <rfBo•d. Partrw. rfred Head of IPIIT. Wad H•Jaw7y
-Le￿eY Tefford was apwnkd ￿ 29 May 2024 11 March 2025.
To frx the of the ccffirrnymty 1he tAtsin￿ of ￿ldr￿j and managirwj social h(wing
temis apFYopiiate to thew means.
TCUK is a Ovrf￿d sltsirfw d Changiy LNes and a regisieTed Pr￿Ider of socia
operating under re￿$trati￿ nurythT 4756 the Regul*r of Social H¢)usrMJ.
TCUK xns to athieve its dwTtth PWFoses by.
Leas1￿ aTrd managing resKlenti* woyties tb social tenants in Ine hrylh the Rwlator of
Social Houstng's regulattwy fTamvrt partrv5hip wth Changng Lives to deliveT
on the Grtyjp's grTh¥th amlYtsry￿.
Pwamme Grant lund5 k) wocure new properties upgrade exi5tirs ￿rnes for use by
As 0131 Marth 2025. TCUK H(Mr￿S has 61 affcrfdable rented homes in manwenL' 10 noTwxwI
rental I￿u51ng cfi beham ofChffjiYJ Lives aTrJ 384 SupP￿d lthsing uni

Vblygls￿r•T￿S•Xkn Rd.ONJS4VAtWX2JS•pYJ2507..45.'4JBSTILifc•l}D IrJp ¥J6
TCUK Homes Limited
Report of the Board (including Strategic Report) for the Year Ended
31 March 2025 (contlnued)
TCUK Homes cperates fft ekn l(x*l authortijl ¥eas coninury to (yrale in the No￿East and
Yrykshire: Northumberknd. Nemraslle, Gatestr￿, North T￿r￿Ide. Styjlh Tyrnside. Sunderland.
Durham, middles￿￿h. arKI Ytjrk. Ihe year TCUK H¢wnes began cperntir8 in tr+D new weas.
t)oncaster and Ba￿ &
inveslment.
2024r25 year rew)rts a of rd*i* ￿lIty fOlkn￿n9 the F*e¥io￿ years in vknich the
operty appraisals had been c4nducted wmbff of unts redu¢￿ as a result of agreed sales. In
contrast to wevAyJs the number of wyls has increased, *ith s*Jnificant in s
accommodati¢)n serltces wihin TCUK Hcffies. ThFS VM5 predtynnanty due to the successfvl
tendwing Homelessness contracts in Dcffaster and Balkry and Dager*om added 89
its to the p￿.
Goveman¢e Reportlng lmwoven￿rt Plan {GRIP)
A key fo¢JJs for the year has been (xwnpkne and regu*y st¥thrds. Dwing 2024r25 TCUK
Homes boxd commissioned an assessment of compliance vAth the Regulator for Swal Housings
split into the foll¢Mftg categorns".
Compliance
Awl Management
FmarKe and Rents
Some ofthe key adions as a res￿1 c11he review indwk:
Develowent of a repryts'r¥J f¢quirements calendar #)cbJding any krth*n vthich
TCUK Homes has a150 became a ful membew of Supported H(M￿￿j in Partnersh¥> (SHIP).
benefiknng from inthJ5ty lovjssed IAniw.

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TCUK Homes Limited
Report of the Board (including Strategic Report) for the Year Ended
31 March 2025 (continued)
the slandards.
TCUK ￿lOme5 15 sali5fied Ihat as a rewlt of Ihe the GRIP plan. Ihe Irustees can make
C4Yrtuiued assurances that it ￿lPIleS both the set by the Regulator for Sotsal HcAtsirwJ
de￿51￿ was p￿Ing. TCUK Homes has erwed wih Homes England in discussing ts plan for
re￿dIng of the cuwenl captsl grant balan￿ IEld by TCUK H￿e$ as a result of the sale. The
bUs1r￿ case has been submitted and approNtd ft* fiThling due ta rexh its lThit fer being
TCUK is contThing with ts str*gy of cm relat¥ry ts I￿Ing schemes. In Aoril
parent into TCUK Hornes.
During 2024r25 a filllher fve wq)erbe$ haNt been converted frrm affordable IK*Bing to supported
sirvj with the consent of Homes Etyknd. Thts VAI enable TCUK Homes to expand its pathrship
the majority of tenarts respondw that Ihey ae %Yy salisfied. 4Mih the overall servw pmvkled
by TCUK Homes. Ajso il was •irKJ to note that the of tenarts feft salisfied that their home
rented or %)cwl housing ienwKies due to a Ixk of availabifty or affordabl￿. Becwse of our key
lett1r￿ ciiteiia TCUK H¢Jmes 15 Ikn the firsl wt d call for refenal agencies workfftg ¥￿th dients wAh

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TCUK Homes Limited
Report of the Board (including Strategic Report) for the Year Ended
31 March 2025 (continued)
management kAve supported the lenants •wJ bew * to and erthanced support seN4ce lo
general needs tenants V*tulst also gUKI￿ from a supww perspeLtve. Although
all properties VAII be taken on a case by case basis at thts mcffierrt Ihere are no pl￿S to dispose of
any fvrlher unlls.
outcome of Ih¢)se sur¥ey5 wll be wKxxpO￿ into the lryr temi asset management pkn in￿dIng
Rebranding to CL Horyvas
As of 1st Ayil 2025. TCUK Fkffies wffll be as Chwing Hrn.
Whle the name is changiry, Ihtte wll be no to serlices. knan￿ts. OT SUPPOrt for cuThent
residents. The renaming bn"NJs a Clearer i4*ntty ¢0 our Kyk ur•kn the CharvJiTrJ Lwes n￿ne. While
the name is t￿r￿jIng. Ilwe v#lll be no dbwtson to seplices. knanc￿5. tx swort lor vjrrenl
residents. The renaming brwy a dex identity to ourwx¥k ￿der the Changiwj Lwes name.
risks include the following..
the new Conswner Stw¥ja￿s regulat￿n$ on tr* 29th of FeW 2024.The board has
activety reviewtd 115 compkne th￿e standards (as delaled in the GRIP plan above, w￿1h
s￿nif￿ant W￿rf( in 2024125}, areas of risk have been mitsgaled vAlh an action plan in
Impact of the rentws nght bll inckttfiNJ section 21 nD fau￿ ellictl)￿ as well as the changes to
h￿sir￿j ten*)etes.
vJ(¥easiNJ leNtfs of debt
projects.
Fai￿re kn efffftrrt manage the ￿M$a￿￿'S assets & fthiiies res￿lI￿j in loss of val￿.
loss in revenue. a detertornkn Yb the cL¥rfrtb)n of assets. fines & pr05ecutions for
risirwj ￿>$1 d fr¥ir¥J llnpacts I￿ custcmers. staff and strategic pathrs resumrg in
increaswvj laLw. matu41 and utility costs ¢uts n I(￿1 ser%rycts and a budget deftiL

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TCUK Homes Limited
Report of the Board (including Strategic Report) for the Year Ended
31 March 2025 (continued)
relevant to the size and complexty of the assessed ts roiwstsxss of the wntrols in
Risk of nortsci¥npli•n(* wilh He4lh & Safety legsla11￿ 15 also a key iisk lo TCUK Hcffies Limited.
The heath and safrty of CAff ten*ts. staff parlnu wganisatiorts is extremety important to the
¢rganbsatim. There *e (￿MpleX legal requwemerts that TCUK Homes must aw compty wih. and
our slaff undertake regular checks to en￿￿e fvll c¢>npliano. Dalix is a rew1ing too]. whith ts used to
Tecord and ana￿ VKadents vathin schemes. Amnual gas servw and boiler repaws in our general
needs propeths are WKlertaken by solu11c￿$ wilh gas servicry wsits prcwammed for
C4xnplelK>n over an 11-mLmlh ¢yrle any <W catsed by residents rnt allowry a￿e$S resuMs in
prompt xtion by the Homelrfe Tenancy manag￿n￿ Team to en1{￿ a￿￿$$. Changing LNes
nploy5 a full twne Gas Safe k) wy ¢xrt ga5 and boiter repairs li supported
Financial Review and Position al the year end
In the 2024125 fiseal >￿. TCUK Hc*nes Limited gu*rated a swplus of £108.581. The balance sheet
reserves p05ibon £541008 vAlh total f￿ed assets of£7,951655 offset wth) corresporKI
Hornes England h¢)usirwJ of £4.649.281 and a fijrlher £24OIXI Ojrre￿Y hekl as recyrled
Social Hwswvj GT

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TCUK Homes Limited
Report of the Board (including Strategic Report) for the Year Ended
31 March 2025 (continued)
and NoTrFinxi•l used by the Bo¥
ovides an overview of the numter ol wytie5 in managery*rt •Tears and voids pthance:
Heallh & Safety inodents (tr￿￿lA9 a summary of•y (Artst￿ng CP12s) and *) update of business
Capital Slructure and Treasury Policy
Value for Money
TCUK Homes is ￿fiMftted to delivwing for ￿ to its resiknts and serite usw5 through
the provtston of good qualty affOrda￿e hcffies aKI swlices.
Value for money meTh4 S maknn9 the besl w of res¢wri* ￿K￿deS the folkyhiw:
Managr¥J finances 41ptimisr4J costs to supwt knAines$ Nryabilty.
local cunmurilies in *thich vAxk.
Th8 fo¢us ofTCUK Hunes vafue 2024r25 to ertswe that ￿rfOrn￿nce was
There has been hI￿r than expeded wxd losses Swv￿ed h￿s￿￿j partiudarty n cwr dtspersed
acujmmodation proie¢ts th to delay3 in re￿1¥1￿ 1￿minationS and lelliig of prwbe5. Thi$ has
tygered a stratffjc review by ch￿ing LI￿5 of rfs strategy.
Folb)y￿n9 the pUbl￿at[c￿ of the Regufatrf of Social ￿￿￿￿￿j.$ Deasion InstNmert 14umber 18
'Decssion to revise the Value fty M(Thy Staftda￿ and issue an as%Kiated Code of Practice.. metrics
are prryJu¢%d f￿ the ¢¥ThId￿ of TCUK Hrn B(wd.

Rqf.LKIWXWL23*202507'.4*.430ST(urc+i)D 11J P Ily
TCUK Homes Limited
Report of the Board (including Strategic Report) for the Year Ended
31 March 2025 (continued)
Metiic
IAetric Title
TCUK Homes
TCUK Homes
2023rd4
0%
TCUK Homes
2024n5
Relnveslrneni %
New supply delNeted %
Social Housi
Unlls
New suppty del￿ered %
NOn￿oCial Housin
Unhs
Geari
Eamtngs pre interest tsx.
d¢predallon. amorfisalion:
mapr repair5 in¢bJded
Interest cover
Headline Social Houw9
Cosl
r Unit
Operallng M4Tgin (sooal
housin
leltin
eralln
Mar
in
overall
Relum on Ca
tal Em
ed
Mano
ement costs
er unlt
Renl arrears expressèd as
% of rènt dèbit.
Void loss rent
Out of mana
menl voids
B•d debt
-1%
33%
-7%
-73%
9%
41%
166%
23%
273%
377%
£9.741
£12.355
£12.592
6A
6%
4%
10%
5%
£426
699%
12%
7%
£638
377%
4%
3%
112%
100
10b
12
15.1%
2.4%
5.1%
12.3%
1.7%
11.5%
11.4%
2.69%

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TCUK Homes Limited
Report of the Board (including Strategic Report) for the Year Ended
31 March 2025 (continued)
This metric sets oul the Nmber of new wyts n each c*gory that have been acqured thring
I Ihe yEar as a wwtion d the total social IKWSU4 ￿Lts WKI non&sc¢HI housiw units 41 the
end of the fiscal y.
This metric indicates rn￿h ol Ihe •Susted assets are made up of debt and the degree of
increased cash hdd at pe￿￿ th1.
In(¥ease in the (x)st per unit ha5 been dr1￿1 by ** WKxease in tr* costs af eMptyn￿l,
The change in marw is altn'we k) a redU￿d surplus due to the intyeased costs per un
small rethction wi the (watirwJ swplus lorfrw￿iay W￿d.
This metric looks at the average cost of managemerrt athrfy per wopety to ddiv
charges.
10.
B) Thi5 is the total c<xmt of th•t are rnmDved frL¥n management and wavadable for
simil￿.
12. This gr￿5 the tclal ￿bId dei* as dwged fft the year ￿ gross rnnt in Ihe y.
TCUK Homes Boa￿ ol malw1￿ ¢￿SI￿r tr￿1 is c¢mFAiant *ith the Regulator of
Liabilrfies Regisler 30 Year Flarrnd maintena￿ Plan. An Asset & Lia>ilities Register 15 regulaty
updated and refreshed th￿9houl the j￿r to facliiate comF4iance wih the regulaw requirements.

Rd.OW>Wx[￿ ￿ S•p 202507:4*.4J BST{ure +1)0 InP 1V
TCUK Homes Limited
Report of the Board (including Strategic Report) for the Year Ended
31 March 2025 (continued)
of reference, PQV•trs ar￿ limits of *th¢xty. memiwship. chay, alten(lees. tenn d office. qwrurn.
meelings & agenda, and attend￿ at meelYvJ5. A c*4)y of the Re9￿al01 of Social Housr4J's
Govemance and Financial Viabity StarHlard Code of Pr¥lh% iKluded as an addendum to the
Goveffmnce Handbcok.
Board for approval.
TCUK Homes 15 comrnitsj to thirvJ and li*eniry to its fesidents arrtl at each of its meelings.
F¥operbes in management ¥e dtspwsed t)¥er an exceptlxwtty I￿￿ geographi¢al area and to
the sparsity of properties thriwh(Mrt these areas.. there is rth (yportunfftjl for socr41 events or
The Re￿￿a10T of Social Hou5rvJ reqjwts the B(wd of Manaythiiert to wepare financial slatements
for each ftscal s*ar. vthic* sive a INe and fair vw of the slate of *'15 of the Assoc4ation and the
surplus or defi&t of the Associalicffl for that P￿￿d. In wep•ffwJ ltrthe statanents. the Board
of Management are requred lo:
The Board of Marragement are rewthle kn mairthniry w4)er ac4￿ltiry re¢ords thsdose
vAth reasonable ac(#Jracy at any time ts thanc¥al posibon of the Associati)n and to enable them to
ensure that the financial statements c1jm￿￿ SchethAe 1 to ts Housiro aTMI Regenerati￿ A
2008 and the Acwiting Direc1K￿5 for PrTrAte RwJistered Provxlers of Social Housirvj 2022.
The 80ord of Management ackn* its ullimale resp(Ktsbi lty for enwing that the kncialion
has in pla(x a Wem of controts thal is appTopri* to the busfftess trNfjTonment in ￿1¢h it operates.
safeguardin9 of assets aga1￿ unautrwised use or disposibcn and hence for taking
reasonable steps ftythe preventi￿ a￿1 detecti￿ offraud ¥#J other irregularilies.
li is the responsibil￿¥ of the Board of Man¥ment to e5tablsh and maintain systems of irrtemal
financial control. Su¢h system5 rw wvétde reasonable arKI not absolule assurance against
matwial finarllal Misstat￿ or105s. Koy indude:
10

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TCUK Homes Limited
Report of the Board (including Strategic Report) ft>r the Year Ended
31 March 2025 {continued)
fonnal pofws and FYOr￿uTes ¥e in plaee, the d(￿mentatiOn of key sy#ems and
le5 relating b the delegati￿ <rf autt￿e5, allN the monilomg of eontrols and
experierKed and surtably qualfvd slaff tske reswthlty for Inport￿ bjsiness lunclicffis.
al appr￿1 wocedwes haNE been e5tab1L%l￿d to maintsli standards of perfomartt.
business and financial obiectsb*s iisks and the prwress towards financial obiectNes set
for the year and the medium term: regul¥ managemert accojnts ￿e prepared prompuy
providing relevanL r￿lab￿. and ￿￿te financial arKI other infornaticfft: significanl
ManageM￿L
auditors to proNryde reasonat4e asswante Ihat raxltrol iYoceduTes are in place arxl we being
follmd. This wKludes a ￿l￿al revw d the major rrths faeuvJ the Asso(*kn.
existence n the company for the star e￿Ied 31 MaTch 2025. No wknesses in inlemal financial
control resulled in materiaf k)sses, c￿￿*[e$, (Y un(xtainties. vknich rwire dis¢k>sure in the
Reglslratlon
TCUK Homes L#niknd is re*Ted the Regukk¥ of Soci•l H￿s1Vj as a Registered Sori41
H¢)usI￿ Provider.
Disclosure ol inf¢)ffliation to the auditor
Each direth has laken steps that ttw OW lo have tsken as a dKector in order to make themsefves
aware of any rele¥￿t a￿lit inf¢jrMati￿ and to establish Ihal Ihe cunpan¥s auditor is aware of that
irrfomation. The direGtrKs 1x￿fiM1 I￿l thefe ts no Trlevaftt that they kn￿ d and of V*thich
Ihey know the a￿tOr is unaware.
Reappointment ola￿*tor
2ets Audri SeThictt as of the ¢i¥npany is kn be wosed at the forth￿￿1￿ Annual General
Meetin9.
ststement ol c(*mpliance
The Board confffms that this ReF¥xi of the Board Stratew Repc*ll has been pvep¥ed
accordance vAlh the FYuKiple5 set ￿Jt in P•a 4.7 d the SORP 2018 Upthte f¢x Regisl
&Kial Housiw Provtders 2022.
11

V￿lS￿lIw0yr8n9*th A•f. ￿4)s4￿￿￿1￿Lyj Sqo2025O7AS'438sf ¢ilfC•llO IrJp 14r
TCUK Homes Limited
Report of the Board (including Strategic Report) for the Year Ended
31 March 2025 (continued)
22 Septwthr 2025
Apwoyed by the Board on.................... and signed on Is belAirty.
S Bell
Oirect(Y
12

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TCUK Homes Limited
Independent Auditorfs Report to the Members of TCUK Homes
Limited
Qualif*d Opinion
We ha¥e athlited the financ%* Staterf￿ of TCUK Homes Lrnited (the'ceAiipanY) for the )wr ended
31 March 2025. c￿1￿15e the Statemert of ComWel￿￿I￿ Inc4)me. Statement of FrwKral
Pos*on. Statement of Changes in Reserves Equty. Slatemerrt of Cash F￿￿. and Notes to the
Fina￿1* Statements, tr￿udry a summary of Signif￿nI ac0)unIr￿ OKies. The ffin￿la1 reporting
fraMeu0￿ that has been applied in their wep**ion is appkable and United Kingdom
AccountirvJ Stsndards, ric￿1Th9 Fmancial Rep￿ stathvd 102 The FirAncial Reporting Standard
applicable in the UK and Rep￿)11C of Irel￿￿ Iunited Ge￿ralty Accepted A¢￿untIl9
t)p1Th￿, ex¢ept lor tt* effed5 of tt* mallet in the Basis Qualified Opini
give a In￿ and fair view of Ihe sl* of the Clyn￿￿$ affaws as * 31 March 2025 and d ts
su￿lUS then ended:
Basis lor qualified opinion on financia slatenwts
As descr&)ed ryi 'acc￿nI¥￿ pot￿les. Leaw. houstrvj wopeths recognised in the financ￿1
statements as beirwj held wxkr leases have i*en re¢ognised as an asset and coffespondi
riabilty to Ihe le550r has been re¢ognised as a finance lease A signifi￿t proportion of the
¢ast of the housng prwtie5 rektes to Land wthich has on unhmiled useful life. Therefore the lease
term is not for the major part d the ecorrfynic lile vthi¢h vAm￿d irrt5c* that all Ihe r￿S and rewards
i￿￿tal to the have not Iranskned to TCUK. In our opini(￿. ts lÈa5e should therefixe
be classrf*d as an Ope￿ir￿j lease and rerthls • to ts statement ol ￿mpretEnS￿e ineome on
strai￿1 line bw <sver the lease tem).
operating lease, then: fixed assets red￿ by £5.6￿,231 t(W￿nty the depre¢iabon tharye
would reduce by £188.384,' the finance lease uedilow woukl reth by £3,844,689. the finance
interest charge wouhj reduce by £151957: the ci¥nwy would have had an operating lease
charge wease of £201.363.
AccordirKJly. the impact on tr* ￿￿ted res￿1 *Duhl be an wwovement of £138.978 to the reported
surplus on Ihe Statemert of comprehensr￿ Income a wrrfsening of the feported ba￿n￿ sheet
pwtson by £1.854.542.
13

R•f. ￿m￿lI￿lf45•1iy3o7."1&.￿ B5T (Ufc ••101fJp 1WJ
TCUK Homes Limited
Independent Auditorfs Report to the Members of TCUK Homes
Limited (continued)
Co￿u510n$ relating to g¢Jing concem
aMlilÉng the financial ststements, have (meluded that the drectifs use of the goire concern
basis of a¢xounting in the fftratim financial slatwv*nts ts apprwiate.
events or condibons that. Y￿￿K1Ua1y or ed*th￿PY. may cast s*>Mficant on the c¥)rnpanWs
abilty to eontirn￿ as a gtMrvJ concern of at least montrts frfffi vklen tr* original
r reSpons￿lI111eS and the ￿$￿￿1blIbeS of Ihe *ilh re¥ect to goiry Co￿eM are
dewiW in the relevant sectims of thts reF
(Xher Inforn￿￿
infonnalion wKtuded in the annual repor( other tr*n Ihe fin8ncthl statements and authtorfs report
the￿0￿. Our sjpinl(￿ on statements does not c￿er the other irrfomialion and. except tD
conclusion thereon.
In wnneckn ¥￿th our athfrt of the fKwKial statements. our responsiblity is to read the ￿er
w)f(xmalton a￿J. in doiry so. conshkn ￿ther the is Mat￿la[ty IrKonsi5tent with the
financial statements Or I￿r knowkdge obtained in the C4Xffse of Ihe a￿1& u Other*￿Se appeats to be
materially misslated. W we ￿enIty such material ￿X￿￿t￿CleS or a￿ent material Mis￿leMeThts.
are required lo determne vthether thi5 gr￿ rise to a material misstatement in the financial
stalements themselves. If. based ￿ the wryk we have perf￿ed. we candude that Ih¢R is a
matwial rnisstalement ofllys other infornwtiry4 required to rewt that fact
We have nott¥NJ to rwl in this regard.
Opinion on other matler prescribed by the Companies PLt 2006
In ow opinion, based on Ihe wthrtaken Ni the course d the
. the Inf¢mIati￿ the repcrft of the board for the fmanrial for vtitch the financial
Matters on which we •re requwed to r¢p(x1 by ex¢eption
In the Ight of our knovAedge and urMkrs1anth￿ ol the arrfl its ￿￿lfOnment obtaned in the
CoU￿e (rf Ihe audi( we have idenliW material misslatements in the rewt ofthe board .
us to report tr> rf. cyinirm:
. adequate acts)unttThJ rec<Kds have nol been kept. or *qu* for <Xff have not been
14

W￿￿1$*[•M•Tf￿1I￿W R•f. C*lWAW23StyXWS0Tr.45.'43 BST iiJr¢ •1lD ILIP 170B
TCUK Homes Limited
Independent Auditofs Report to the Members of TCUK Homes
Limited (continued)
Responsibillties ol directo
As explained mtye tr* (set art on page 10 •xJ 11). the (trects5 are responsible fty tr
FYepar*ion of the financial statements and for be￿￿ &itisW Ihal grve a ITr￿ and fair view, and
for intemal ty)ntrol as the direclcrfs determine ts r*ce$s￿ ID enable the weparaliM of fin¥Kial
to cmtinue as a goiThJ concem. dixicwig, as apF4icable. mallws retated lo going concem and using
the ping ￿n¢ffn basis ol acco￿ting ￿lesS the directws eilhw itsnd to Iwydate the wnpany or to
cease optt*ion$. or ha￿ no realith bul to (k> so.
C￿r ￿le￿i￿ are to obtain reasonabie assurnnc* the ffflancial slatements as a ￿¢)le
are free fr(rn rnater1￿ misslatemenl ￿ether due to fraud (r effor. Io issue an audilorfs report
thal indudes our opinion. Reasonable assurante is a 14gh level of assumce. is MI a guarantee
thai an audit ￿ndUCted in xxjrdance wih ISAS IUK) ￿11 ahRss detect a material mlsstatement
en it exists. MBstaternents can aiise Ircfn or error and are cutsidered material rf. indrvh*Jalty
or in Ihe aggregate, they could reascffiabty be expec*d to the ecU￿niC dec45ions ol users
gularibes, indudiTrJ fraud, are Instanc￿ of rKm-complixe 1*•*5 and Trgulalions. We desiqn
procethjres in line v*ith our responsfoililies. ￿llined above. to deleci m*rial mi55tatements n respect
of iffegulaiibes. incluthr¥J fraud. The extent t+ w*¥ch ow proct(knts *e tapable d detettiTrJ
wregularibes. Ind￿lAg fraud is detailed bel¢w.
and regulatio￿ and lrnutr.
. Reviewing board rrinules..
. Challenging assumplions and N*ements maje by their syfftart acc¥)uniir
estimates. in Parti￿lar in relalKm to sloc* provts1￿. abj
to have a material impact ￿ the finan￿al slatements". Heallh and Safetr, 8uiklir¥ and fire safety
latiorts irdu(*ThJ.' the HoLtsry Act 2004 and the Re￿￿alory Ref(Thi safety) (yder 2005 and
¥ing to Ihe inherent fThilalions of ￿ audl there is ￿ wwK¥dable risk that sm material
m&ssL*ments n the financial Statements may not be detecw even trwh the audil is proper
F4anrLed and perforn)ed in aC0)r￿ the ISAS {UK). For rtstsnce. the furlher removed
Ilkely the a￿lItOr bs k) L*cune a￿e d it or to retowwse the nonwcompli¥Ke.
A futher descrplicffi of ow resp(￿S￿lI11eS is av*ble on Ihe Fwwncia ReF￿ Councifs v￿b$Ite
15

#S•paTr507:4&.4) BST(ufc+110 IrJp Iwji
TCUK Homes Limited
Independent Auditor's Report to the Members of TCUK Homes
Limited (continued)
Use of our report
rewl is made solety to the ccmpanys membus. a5 a btsty, in attordance wih Chaptsr 3 of
Part 16 of Ihe Companies Act 2006. and Housing Regeneration Act 2008. Our audrt wortt has
been wrflertaken so that mtht state to the oYnpan￿S memb￿5 tlv)se matters Y￿ are required lo
stste to in an audit￿$ report ar￿ for Tr) other ww. To the fullest extent Pe￿rtted by law, we
do not ac¢ept or assume responsibl￿ to aTr￿￿e other than the company and the c*xnpanYs
members as a btsjy, for our audit ¥A)rk. for this rem or for Ihe opinions have I￿ed.
Simon BItt•￿ BA ACA DChA (Senior Statuw ￿jItor)
For and on behalf ol
A2ets Audrt Services
Chartered Accountants
Statutory Auditor
Bulman House
Regent Centre
G051orth
Newcastle upon Tyne
NE3 3LS
23 September 2025
16

Vktu*S*n*yrnTrnr￿tsRor. c¢iJ>ewxLW fJ5ep2025Q7￿&.13 B8Toifc +1)0 11) P i¥
TCUK Homes Limited
stalement of Comprehensive Income for the Year Ended 31 March
2025
2025
2024
TumoNw
6,311.$85
(6.127.738)
76,691
4.982.454
(4.751594)
325.265
Cxher ¢)peratirtg irt¢me
Opefating su￿u$
Interest payable arKI s¥nil¥ expery5es
Surplu5 before tax
Taxation
260,S38
1S1.957
555,125
151.976
108,581
403,149
13.314
Suwus far the fmancial
108,581
416,463
22 S￿rnber 2025
pFYo¥ed and aulhorwl by the Bwd on .................... and sig1￿d t)n ils behalf ty.
Director
The notes on pagts 21 to 34 fomi an mlegal pwt ol these financial statements.
17

rtU￿s￿2￿0lLYP R•f. C*4tsBVXCAI￿2J SDp2fAsoTrA&'43BST¢VTC+1101BP2
TCUK Homes Limited
(Registration number: 08385555)
Statement of Financial Position as at 31 March 2025
2025
2024
Fixed assets
Tangible assets
Curnt assets
Debtors
Cash at bank and in harKI
10
7,952.655
8.195.666
11
273.618
1.441.960
1.715.578
662,546)
1,431.150
1.825,936
980.565
Crnditors: Amounts faItr￿ due one
13
Net curTent assets
1.053.032
845,371
Total assets currtht liabilitles
9.005.687
9.041.037
8.607.610
433.427
Creditors: Am(wnts falh'ThJ d[￿ after more than one sear
13
8,463,679)
542.1)J8
Capilal and reserves
Profrt and I(￿5 account
542.008
433.427
433.427
Total equity
542,008
oved and authori5ed by the Board on .................... aKI 5wJ on *s behalf ty.
S Bell
Dire¢kY
The r#)tes on pages 21 to 34 forni an integrnl ofthese fjnanoal statements.
18

vML4iS￿#w•TrM3th Rrf. t*WV￿ t3Sep202507.'45￿3BSTIllr¢ +110 ln P27n6
TCUK Homes Limited
statement of Changes In Reserves and Equity for the Year Ended
31 March 2025
Profit and
loss account
AI 1 2023
16.964
416,463
433.427
16.964
416.463
433,427
At 31 Mz&ch 2024
Profil and
IM$ aceount
Total
At 1 Aprl 2024
433.427
108.581
433,427
108.581
At 31 March 2025
542.(M)8
5411
The notes (m pages 21 to 34 fomi ￿ in*grnl part of Ihese frwlcial Stat￿Tr*￿ts.
19

R•f. DNJSbVXLMQXZJW202507..454J8STUITe*lJO trJp22aF
TCUK Homes Llmited
statement of Cash Flows for the Year Ended 31 March 2025
2024
forthe ￿ar
108.581
416.463
Sock?1 housing gMt recogriwd in YKome
1117229)
272263
151.957
(94.112)
151.976
13,314
755.953
Income lax e>¥￿
415.572
Working caiMtsI adjuslrnents
Deuease in debtors
11
13
121.168
318.019
440,541
227.832
218.721
1.424.326
9.378
Income taxes
218.721
1.414.948
Cash flovrJ from investing aetivilies
Acquisiti'ons of trn91￿ assets
Pro¢eeds from sale of tangible asseis
(29252)
{10,0001
390.803
29.252
380.803
Cash flow$ from financing activities
Interest pahl
PaJTnents to finance lease ueditors
{151.957}
(￿.71y2)
(151,9761
(384.6901
170,000
178.659
706,666
10.810
1,431,150
1,441.960
1.089.085
341(￿5
1.431.150
Cash and cash ewivalents at 1 Awil
Ish and cash w1val￿ts at 31 Varth
noles rn page5 21 to 34 frlm an iittgral part ofthese statements.

VIIL*is¥f•iw•Tr•n*#kn R•i.OIWVXtsMgJL23 S4p2025WA&-438STiiifc •7)0 iraP23r
TCUK Homes Limited
Notes to the Financial Statements for the Year Ended 31 March
2025
1 General informatM¥n
The crynpany B a c(Thp•)y limited lry in Er￿ and Wales and fegisteyed
vrith Homes Engtsnd. and a)nseqi• does rwA h&* Sh￿ ¢aprtal. Ea¢** of the members is liable to
contiibute an amtyjnt not ex¢ee(kng £1 tthyards ts assets ofthe vi the event of h'quidation.
The address of ils wistered is H26 The AVerA￿ Eknnth Norlh. Team val￿ Trad￿
Estate. Gate5hewJ. T￿e Wear. NE110W.
2 Accounting policies
PAThmary of significant a¢eountiw polieie5 and kty a¢countiry eslwnates
The principal av>)untiNJ ￿￿1¢le5 a￿led in the sry>3rntiM of Ihese fr*￿ial statements are sel out
These financial slatements prepared in x¢{xdan￿ wilh Fin*KAal RetAxty Standard 102 The
Fina￿la1 ReportiThJ Standard applicable i) Ihe UK and Republic of Ireland,. the Accounliry Directions
for Private Registwed Providers of So(#al 2022 and ts Slalement of Rec4)mmended
Practice AccountirwJ by Registered Social L¥Kllords. Uptsts 2018 fSORP2018'). The financ&il
ststements are also prepared under the requirements of Ihe aml RegeneTrlK)n Act 2008, the
Companies Acl 2006 and ts ch￿11*$ Ad 2011.
•C￿rdanCe wih FRS102 PBE3.3A the thctOTS ¢(th that this Registwed Sociaf Hwsi
P￿¥￿Ier is a Public Benefit Erthty.
On th¢ 11 FebNary 2(rz2. the entity obtaY*d chaiitable stalu5. charfftjl numb¥ 1197888. The
SORP.
Basis of preparation
Thesefinanaal stateM￿ts are pryed in sterfrvJ ￿th1¢h is the knctirmal (rfthe entity.
21

V&fu¥L$¥nstsvTt4ttSWw￿￿•I. fwJs4wAL4WL TJ Sw202507'.45A B5Toif¢•1lD IrJpzw
TCUK Homes Limited
Notes to the Financial Statements for the Year Ended 31 March
2025 (continued)
2 Accounting policies l¢onlinuedl
Going concwn
The company meets its day kn day vrt)rkiwJ capitsf through cash generated from
operatTh5. At the ￿ end the company had net Gwffent awts of £1.053.032 induding cash of
£1.441.960 and made a $￿u5 of £108,581. The company had no exleThAI boThwry$ limiteil
The e4ynpanl$ fc*ecasts and for Ihe nexl months shvrt thal the company should
be able kn cmtinue in existenee fer that perK#l. takir¥J into acco￿1 reasonable PDwbYe
changes in tradirvJ wfrnce. The aitity alx> (￿tin￿5 to receive siywt from Changing Lives as
its parent
Based on the faciots set (xrt above the dreclots believe that there 15 fK> material uncwkinty in
relalion to going ￿n(￿rn aThJ Ihat the cunpany has adew financial resources to conlinue in
operat￿nal existen￿ for at least b¥efr¥t M[￿th$ frcth the d* of siw1r￿ the fina￿￿1 stslements and
concem basis.

R•f. oiu$8vXf>m￿ 235•p202507'.4*438sTIiIIC•iio ioply
TCUK Homes Limited
Notes to the Financial Statements for the Year Ended 31 March
2025 (continued)
2 Accwntln9 policies Iconthiued)
assumptions that alfect ts amounts rewrted. These e5tirnates and judgements are continualty
of appfying the a(￿￿ting wAicie5 and that ha¥* ts m(Bt *￿￿ficant effect cfft the am*)unts
recognised Wi the fin*Kaal slatements *e a5 fdknys:
market eondiliors. coui*erpaty ¢fedit raliTh￿ and ev1￿ of recu4erabilly.
a lessor or a lessee and are opeMiw l&ists ￿ finan(* leases. These decisiw depend on an
the lessee on a lease by lease basis. Plixtsing held WKler leases have been recognised as
an asset however Ilw a syiMfKant PrWI¢￿ relating to land vhych has an u￿lmrted useful
lrfe. As the lease lerm is Mt lor tr* mw pwt of the eec<KffiiC life ol the asse( FRS102 wwld
ind￿ate that the ￿se shcmjid be dassif*d as ￿ operatiry lease hth¥eveT the drectors consmler it
more appropriate to classfy h¢AtsirKJ wcpwty ￿aSe$ as leases ar￿ recognise an asset and
ca)rrespon(fjng finance lease obwtion.
Accounting estimates and assumOKins *e rnade C1¥x￿1rvj the futrjre ar#1. by their Tha￿re, will rnTely
equal the related adual Ou￿￿ne. The kejf aSs￿p￿￿$ olher of estlnalion unfxrtainty
that have a srgnificant risk ol cau5iw a material adJ"ustrnent to the canyiry amounts of assets and
liabililies wilhin Ihe r*xt financial as fdhy•B:
Usefvl econ￿1￿ INes of assets. Tr annual deprwi¥lim (*wge 15 SenS￿Ve to chaw in
the e$limated useful lives of the assets. The usefid ecorKM￿ tr4es ¥e wssessed ￿TruallY. Tt
uffii5abon.
Impaimient of debtovs . The (xvnpary makes ￿ estrmate of tr* recoverat4e value of the trade and
other debtors. Wlw) assessirrfJ impaTh)ent of trade and ottv dekn. management C<thSklers fa￿OIS
Turnover rep￿sents rentsl income and seplice charges receiv* net of rent and service charge
losses from voids as as social grants released. Tumrfftr is rec¢wised as the period of
rent is the.

Trnfi¥•#￿ R•1. LWJwx￿ ￿ &p202S07.'45AJBST •1}0 1rJp2W3
TCUK Homes Limited
Notes to the Financial Statements for the Year Ended 31 March
20251continued)
2 Aecounting policies (conlinwdl
Tax
the 11 Febnwry 2022 Ihe ffitity (thir*d dwitsble stattts. Fr<Th this port thè a￿lty is cortstdered
to pass the tests set out in Paragr¥h 1 Scl*dule 6 of the Fvw(x Act 2010 and therefore meets the
definIty￿ of a thanwe company Coryxth Tax puryx>ses. A¢rAxthngty, the thanty is
covered by Chapter 3 Part 11 d the C(¥F*Nati￿ Tax Aet 2010 (Y Sectirm 256 of the TaKatkin of
Chargeable Gains Act 1992. to the extent that such or gavts are appl*d exdusivety to
charitable purposts.
Tangiblè assets
TarKJible assets (K￿ludi¥l social tr#xtsing proFertss) •e slated in the statement of f￿￿cial positi.on
at cos( less any subsegU*rt acwnulated tjeweuknn and subsequenl acujnulated impaim)errt
loss￿. Expenditure on wnprovttnents ￿711 only be capilalised vthen il ￿Sults rb incremental fu￿re
ber*fits such as inc¥easing rental inc￿ne. reducry Costs or resulbrq in a signfficant
extension of the useful economK life ofthe pnyrty.
and fftstallalion.
Deweciation is charged so as to V*Tile off the (x>st of ￿ts, ¢)thEr than land properlie5 under
Asset class
Leasehold
Structure
R¢)ofirvJ
Furni￿re. Fithngs and EqUI￿rt
Cash and cash equivalents
Cash and cash equivalents c¢)mwise cash on hand aTrJ Call deposi15, and other short.term highty
IKlU￿ inveslm&ts that ae ￿adty convertth lo a knrfv￿ ar1￿￿t of cash WKI ¥e >￿ie¢l to an
insiwficant risk of thary in vah*.
Rent avrears and advances
In accordance the AC￿lti￿ Drellicffi ts PfNate Registered FtrovNlef5 of S(xxal Hou5ry, rffit
rears and thances are r#* nette(Foff and ¥e presented as part of debtors creditors
respectively. Where a payment pkn has been entered wrto for ront aTh￿S. ￿1¢h 15 ccffisider&J to be

V•iu8ISbJnthTrJfys•¢lknPol. C*IJW￿L23 S•p2Wa 07**.43 BSTiufc*1)D 1QP27f
TCUK Homes Limited
Notes to the Financial Statements for the Year Ended 31 March
2025 (continued)
2 k¢ounting plkies (conth￿dI
Trade creditors
C4XU5e of business from suppIte￿. payable are da5siW as anrent liabilthes rf the (x)nyany
does not have an w￿￿j11¥￿1 rvjhc at the end of the pwKxl, to defer settlement of the
xedltor lor al leasi m(yrths after rwtir8 date. ff tr*re is an right to defer
liabililies.
Borrowingg
lrterest-beariNJ tmings are initialty recmkd at fair value. net of transaction ¢￿ts.
Interest-bewing borrowings are subseq• carr*d at amcfflised cos( *ilh the difference bets￿en
the woceeds, net ol transaclion costs, ￿ the amount Oje ¢)n redempt￿ recogntsed as a
payable and simlar ¢trwge¥.
8oTTowings aTe classffied as ¢urrenl liabilibes unless the ¢<¥npany has an ur￿ditiOnal rigm to def
setuement oflhe liab￿lty for at Iwt m(xts after the rep￿￿￿ date.
risks rewards crf ownerslip crf the leased assel to TCUK Nomes Linited. NJI other ￿a￿e$ are
ssets held under ffftance leases are rec&Jnised inrfialty at far of the leased assel (¢x. rf
lo1￿. the present Val￿ af the mrmmum lease pasffnents) at the irKeplton of ts lease. The
(yxresW￿rrfJ liabdty to ts lessor is irKAuded n the SLiten￿ offinancial posknn as a fnance lease
oblKJalion. Lease paynents are apwbomd bebfftn fnance charges and reduclion of the lease
obluation usir*J effe¢lwe interest Mel￿d so as to a¢li￿e a rnte of irtefest on the remainin9
liab￿ty. Finrn charges are deducted ￿ the statern￿ of comprehen5Ne income. Assets held urthr
ffi￿an￿ l&wes are wthed in tangible fixed assets and deweciated and assessed ft
remaniNJ b￿aftc* ofthe Wihty.

Y￿￿ls￿ra*JiDYrJfi$*knWrf. 23* 2WOTg>.438STiufc*l)0 1rJ pzwJ6
TCUK Homes Limited
Notes to the Financ6al Statements for the Year Ended 31 March
2025 (continued)
2 A£countlng policles Iconlinue
Social housing grant
SOCHI Housirwj Granl as a Ca￿￿1 ¢ontrknfiTh. in kn Mrylh SORP2018 and the 'a¢(nAIs
Mell￿,. ts separalely as a credilor mcKe ￿. wless part of Ihe Soclal Housiry
Grant relates to a dis￿1 of and beccrfnes rec)thJ or repayable. in which case il is
apporthy*d to due less trAn (me year ae<r*dith. Tr 'acc¥uals melhod. is as the
being induded in lurnover in the income expwKlittwe acc¢￿ Tr* ￿lated eXp￿￿lbjre s induded
under operating costs. Social Hcwing Grart 15 re¢%4nL￿ sn the same pwiod as the related
So¢ial Housing Gfant received and matched development expe￿AlKe cf reknnt expendibjre
. the income and expendilure acc￿1￿ is th￿Uded in curmt liat#hl*s. The aMO￿t ol Sc¢ial It￿51r￿A
in advance is ¢alcuF*d by referen￿ to the aggregate of 41 schemes in the SocTral Ho￿lr￿j
Recycled capital grant
CapÉtal grants can be recyded under i%rtafft c4rKlits<Ys. rf a wopety is sold. or ff anothw welevant
event takes plao. In these ¢asts. Ihe grant fan be for pmjeds approved by the Homes
England. Gr* b be recythl is fmlited to the Recyrled Captsl Grant FurkVDi¥x)sal Prnceeds Fund
V*ithin creditors. Wkn any gronl 15 to t* reothd ty repaid is less than the grant relatr&i to the
disposal. the dIffer*￿e is treated a5 ab*d ryanL hl)ated capita grants are trealed as a comp01￿t
In certain c1￿j￿￿nCe$, s￿h as the sale of wcyeths. capital may be repayab￿ and.
in that evenl, is subordfftated to the repayTrent of other loans ty aJeement with the Homes Engl*KI.
is accounted for as socn ￿ the babilty arises uedths: arno￿ts lalling Ikn wilhii one star.
Group
The Reumstered Socid HtyJsr4J Fknvider bs the to CWir4J Lives C￿eni*S Limiled).

REI. t•U84vXwL￿ Sup 202507".45'.43 BST (UTC +110 IrJ p2
TCUK Homes Limited
Notes to the Financial Statements for the Year Ended 31 March
2025 (continued)
3 Turn¢r•er. opw*ing costs and opwalkng surplus for the >wr
Operating
surplus
2025
0￿ing
6.311.585
76.691
6,388,276
16.127.738)
183.847
76.691
260.538
.127.738
Operating
surplus
2024
Social I￿51￿j
4.981454
(4.752.594)
325.265
555.125
5.307,719
4.7S2,$94
4 Anatysis of Twnover, Optt*ing Costs and Opwalww Surp￿$ kn the year
housing
2025
2024
Tumover
Rent receivable nel of idenlifiable s
6.194.356
117.229
6.311,585
6.1￿.356
117.229
6.311.585
4.888,342
94,112
4.982.454
Voids
800.887
599.302)

VTrWISbJr4lw•TrnThs*tffj C*4WVm4WtJ*202So74*￿Osr{UrC+l)D 1fdP WJ6
TCUK Homes Limited
Notes to the Financial Statements for the Year Ended 31 March
2025 (continued)
4 Analy%$ ol Tumov•r. lknrating Costs •nd Operatwry for the yw I￿n￿ued)
2025
2024
708.068
614.864
708.Q68
614.864
264.080
218.241
Routine mainten¥Ke
Bad debts
equipment
272263
1.875.149
16.141
7.167
1.718.742
501.691
9.872
1.87S,149
16,141
7.167
1.718,742
501,691
9.8T2
1.251,705
Travellng arwj subsBt
Rent and rates
LighL heal and
Insurance
Telephone and fax
Office exper6
652
1.332,807
371,556
22.331
12.675
12.839
3,473
33.813
4.706
20.079
18.OCrf)
29.023
12.170
11.765
33.740
1727
23,511
19,8
12.170
11.765
33.740
2.727
23.511
19.8C
26,503
6.127.738
Clean#
Total cperatry expwthwe
6.127.738
2025
2024
183.847
The arAyais 01 the Comp￿lS other operatro rKane forthe ￿ar is as follyK:
2024
76.691
325.265
rniscellaneous income.

Rof. OP4JS8ITXD4OA 23Sty2VXO7..45qJ8STIUfC •1lD 1Q P31rJ
TCUK Homes Limited
Notes to the Financial Statements for the Year Ended 31 March
2025 (continued)
6 Ow*ing surplu5
PJTwed at after ehargingllue(ktiw}
2024
1117.229)
272263
194.112}
294.940
Depreciatiim eX￿se
T Intevest payable and similar expenses
2024
151.957
151.976
Staff costs
Totsl staff a)sts rK#Jrred in the ￿n￿jnIed ts £1.875.149 {2024: £1251,705).
to the TCUK Homes Limited. all inth¥iduals are eMpl￿d drectry by CharwJThJ LNes, the parent
dwty, and r￿harged to TCUK Homes Limiied. TCUK Homes L#nited does not directy wnploy any
Parli¢ulars ol •nyloyees:
any remuneration duriw ts j￿r. The Dirertss are defined as the Bo¥d of Managemenl and
therefrKe could be classed as Key mar4gWn￿I Pwsonnel. None of the Board of Management
receiveil any emoluments duriw 202512024: £nil}. The RSHP has t)Il*r paMI Exe(a￿l¥e Office
2025 was £Nil {2024: £Nd}.

vhluEIS￿￿jT￿￿bth W.OFIJ>8VAtW&￿2j Sqp2Q507..4*43esTiuf¢+iio irJp 3VJS
TCUK Homes Limited
Notes to the Financial Statements for the Year Ended 31 March
2025 (continued)
9 Audilofs remuner*ion
2024
17.400
16.000
2.OOD
10 Tangible assets
Housing
Fumitire.
perties for ffttings and
Total
Cost or valuation
Al 1 Aprl 2024
Adthi(Y
Disposas
At 31 Marth 2025
9,871395
230.050 10.102.445
29.252
29,252
2.379
1379
9,872,395
256.923 10.129.318
Depftciation
Al 1 Aprl 2024
Charge fortr*
1,711,t180
232.320
195,699
39,943
2,379
233.263 1176,663
1.SOS.779
272,263
2.379
At 31 Marth 2025
1.943.4(K
At 31 Marth 2025
7,928,995
23.660 7.952.655
At 31 March 2024
8.161,315
34,351
8.195.666
Included vAthin the net book vak* of Prowlies fly *t above is £7.928.995 (2024 .
£8.161.3151 in respe¢t of Icrfwj leasel#)kl laThl ar#d t￿lId1r￿.

VkbJ*bJrdathTrnD5BdknRel. ONJs4vxfAI&A 2) Sop 202s￿A$A)esT lu￿•1)D 11JP3YJ6
TCUK Homes Limited
Notes to the Financial Statements for the Year Ended 31 March
2025 (continued)
11 Debtors
2024
Tvade debtorn {gr(w rwrt mars)
ead debt provision
1.133.562
955.187
930,720
541.178
178.375
64.123
31.120
273.618
389.542
th￿nts 0¥￿d by group wthrtakirwjs
5.244
394,786
12 Cash and cash equivalents
2024
Cash at bwk
1.441.
1.431.150
13 Crethiors
X124
Due within one
14
30.291
43.856
30.291
229.316
324.323
5.681
156.954
234.(
980.565
Trade uedrlo
17
5.765
348,634
Due after one year
14
15
3.814,398
4.649.281
8.463,679
3,841,100
4.766,510
8.607.610
31

TCUK Homes Limited
Notes to the Financial Statements for the Year Ended 31 March
2025 (continued)
14 Lokn and borrowings
2024
Cuffent loans ond borrowings
Fironce lease liabilitses
30.291
30.291
2f25
2024
le3se lia￿rIeS
3.814.398
3.841.100
due moTe Ilw) 5 ￿1$ is £3.662,94312024: £3.689.645)
IS Social houslng grant
Social
housi
granl
Gross grant crethlor
At 1 2024
5,618.769
5.618.769
At 31 March 2025
5.618.769
5.618.769
At 1 Aprll 2024
Grant release
852,259
117,229
969.488
852,259
117.229
969.488
Al 31 March 2025
CaThykng amount
At 31 M¥ch 2025
4.649.281
4,766.510
4.649,281
4.766,510
Al 31 M¥ch 2024
The RSHP ¢onstilers that its fin¥Kial Ytstruments Y￿lUde Social Hou5w¥J Grant ￿l¢ti rs included
as a ￿bIlity y￿thI1 the finan¢aal slatements. RSHP no intenticn lo dw of ts

W. 0F4J>8W￿W&JL* Svp2Q2507'.W.43Bsriurc*1)0 1np)
TCUK Homes Limited
Notes to Ihe Flnancial Statements for the Year Ended 31 March
2025 (continued)
Operating lease$
The tr>tal of1￿e mirmmwn lease payments is as frAk)￿.
2025
2024
Not l* than (me
516,413
533,575
174,754
1.224.742
322.951
445,391
3.497
771.839
The company is related b The CyTenians Limited loy*rnliw as Changing L5ve5) as a res￿1 of the
TCUK Homes Limited incurred management fees, recharye c¢ staff ujsts arKI support costs from
ch￿1￿ Lives amtyjnting to £860.025 (2024: £218241). kn arno￿1 was le￿￿d from Ctrwying
Lives of £70,476 {2024: £14,475} for the mwment of ts Homelile prowties.
Changing Lives ol£nii {2024: £324.323}.
Changiry Lives of£64.12312024.' £nl).
2025
2024
No.
General need5
71
75
281

TCUK Homes Limited
Notes to the Financial Statements for the Year Ended 31 March
2025 (continued)
19 Parent and ultimate pxenl undwtsking
The companls wnmedk*e parent controlln9 party is The Linited. a thwity and
N(th. Team V*y Tr*lng Es1*. Gate*•J. NE11 thw.
20 14on adjusting events after thè r
In April 2025 the Nth¥caslle xcommodaiTh ser¥ices vthith has in exc4ss of 2(K) VAI transfe¥
from the wen( The Cyreni￿$ Limited lit¥ TCUK Homes.