C:h#rity Numb¢r: 206621 Relulalorof Sotial Houslllg Numb¢r A0185 THF. FThCHLEY CHARrtILS TRLSI'EES. REPORT AND FIN.4NCL4L STATEMENTS YEAR F,NDED 31 MARCH 2 25 AIHyrL% LLP Ch8rtcr¢d Acco￿tar Crown H¢Ju 151 High Rood Loushion IGIO 4LQ Offite: 41a Wiimoi Close r.￿ Finchky N2 8HP THE FINCHLEY CHARfiIES coyrEPm OF IHE FINANCIAL STATF.MF.NTS for the Tr'tar Ended JI March 2025 Tru5tlnformatio Rew)rt of the TrLLSt¢¢5 2-12 Re3TX>tLsibililic5 of the Tru5t¢e5 12 IndepBndEnt Audilvr'$ Re 13-15 Statqllcllt ofo1mp￿h¢￿iYr tncom¢ 16 Stat￿l¢nI of FUJa￿la1 Position 17 Statement of Cash Flow5 18 Not¢5 to th FiIJw￿laJ Statmcnts I￿29 THE FIN HLEY TIE REGiSTK4llO By the Almsho￿ A%sociation (Numb¢r 91} By the Charity CorntniSSKkn (Number 206621) Bythc Regu]atorof So¢ia] Ilwsing (NurrLb¢rAO1851 PRINCIPAL OFncE 41a Wilmot Ckige FASt Finchley IA)ndonN2 8HP CHAIUTY WE￿[￿8 chle rharities.or TRUSTEES Richard McrrLD {Q- Chair Chinyere Uswu (Q The Rcv. PhLlip Davison (E) Grghom Old (C) Etila S8tsr{Q Nigel Benpmirt (Q Susanna Moralcs ICI Cllr DanJLy Rich (N) Cllr C)air¢ Farricr [￿}-a￿lntrd 2010512024 Helen Gor&>n ￿)- app)iElted 1111 Ir2024 Ju1¢5 Bi¢k¢T5 {Cl- apy)intcd 2410212025 John W¥lch (Q- aryotntd 24102Q025 Cllr Kathy McGuirk (N)-T¢siBned 20105Q024 Ad0tt2 Ghe&sudditi ITrD- resign¢d 2410212025 MiGhacl Pughslcy IC}- resiBned 2410212023 {Cl Ctropted IE) Ex-officio IN) No]ninated by knndon Borough of Bamet FLILL IIME C.IllbF EXECUTIVE: Carmel Miethiolka MBA CIHCM MANAGERS Head of OtmtiOll5.' OJU Babalola CIHCM ACCOUNTAN ISI AIq)ITORS Alwyns LLP Charterd Awunt Crown Ilouse. 151 High Road Loughton Brindley Milltn Limited R¢gi51¢redAuditors 167 Turncts Hill Chestlunt Henforthhire EN8 9BH IGIO 4LG B￿ClaYS Bank ple 1250 Hi￿ Ro•i Lon(kin CAF Bank LLmLted 25 Kings Hill Av¢nu¢ We4 Malling Kent ME19 4JQ N20 OPB (Investec W¢atth & Inv¢5tmu)i T*imiltd) Lotldon EC2V 7QN SOLICITORS tkvonshires Solicitors LLP JO Finsbury Circus London "IHE FINCHLEY CHAIiITIE REPORT OF ThE TIiU81'Kk8 for Ihe YtY4r Ended 31 M*rch 2025 CoD8tItDtIoA Finchky Chariti¢s wos founded in 1488 and orKTatcs undet a Charity SclThe from th¢ Charity Commission datsd 3 March 2011 alld also a8 a Registeted Social Landlord. Kh¢m¢ 51ates that th¢ area of beoefLt extenth into the London Borovgh of Barnrt. The eligibility for rtsidertcy applies to PttSKTrn$ of limited rneani aged 55 atid at%>ve tyhu find il difficult to find suitable aTh affor¢Jthl¢ I￿sing for themselves and are irt need of 5UPPQrt. The FitLchEey Cfftwities atso owat¢s a R¢li¢f inN¢¢d fijthd for10¢41 persons #ndoTganisationB reqU&￿Ing fin8n£ial &%$tstat￿Z 5uty'ertto cor¥J1iio￿. The Finchley Ch#riti¢$ ovm th¢ F￿[ L4￿d Alloth)¢nts. The day-tw matw¢nt is d¢l¢gat¢d to a voluntary ObjertiV¢5 Thg obiectiv¢s of Th¢ Fin¢hky Chariti¢$ aT¢ the relief of ￿vertY in the Lortdon Bor(x]gh of BarneL It docs th by rrfoviding sheltered housing a¢cOtt￿l¢datioll ￿ beneticj8r1¢5 over the age uf 55 a￿j do￿tte0$ to P#Tish churches. individuaL8 8]]d organisgtions. Don*ions to the parish churches take pre¢cdBnt¢ and applied towards th¢ upke¢p and r¢paiT of tk faiyic of the ¢bur¢h buildin8s. Other donations must nol be recurrettt or 8pplied kn public fund5 vrin ￿11¢[ of rat¢S gJLdtaxes. During 2024 ReSIdell￿ ailleag￿5 ynd Truste¢s renewed and T¢fresTr￿d the Core Values of Th¢ Finchky C1LWiti¢s and w¢r¢ excited to confm thcm as.. Cotlltrlunity, Incl￿%]0￿ Surq)orL Securily Qua]ity. W¢ wo￿]￿8 kn further th¢5¢ Core Valu¢s into our culture by lljtsgratirtg them into trainin& ¢valuation4 reCo￿lI10n programmcs. and dcciston-m2kin8 processes that th¢y r¢main a centrdl part of the Our Values Our Val￿S shope how we d¢JiveT our Missioll and VisM)n. Colli. .Jiiity Inclusion support seGurityqua Our Mis51on The Finchky ChaTiIi¢s ¢Tthatl￿B li￿5 by provithn8 good quality homes. allotments and gtxll together with excellent setvites to tAckle SOC￿ isolation, loneliness and improve wellbew. Our Vlsion .' The Finchley ChaTitits provides a carujg 5¢rvi¢¢ where respea for all is p8ramoutht. IDclu.sion: Th¢ FindQ¢y ch￿1￿¢8 work in CODiuKtion with ]5ted local prth¢ts to deliver a holistic sttvice for its residents. I I: Thc Charity prides itself providing a friendly* caring ￿ welcoJnitiB environm¢nt Tesidents c4n ]ive de￿(knIty and fecl safe and li8tertedto. S¢¢uri*v: Residejjts of The finthley ChHTiti¢5 ¢njoy a￿a¢¢fuL saf¥ ar¢fug¢ in older ag& QM#lity'. The Fin¢hky ChariTie5 pfovldes high quality. ¢£essibk ham¢s for th¢ local community dclivtring att itthpendenl lilestyle forall. To bets)me the Ickding ¢oD)munitv t¥Jusillg charity that is centted on Ptoviding a trustcd. sccur¢ and safe ¢nvironm¢th for older people. Cha17ties p￿¢2 FTNCHLEY IIARITIES REPORT OF THE TRUSTEES contlnutd for tthe Year Ertdtd 31 March 2025 Govern*ntg The TTUStt¢s have establisld systems amd processes that (ktertnine strat¢gi¢ dire¢lion and pJlicies. Th¢s¢ ar¢ regularly reviewed. The Truste¢s also determine s￿)r￿ medium and hng-term Priority￿ and revicw &*wciattd risk5. Thc'l'ru#cts give day.to4ay ￿thority lo th¢ m*Ja8¢rs but dele8ate to their Chi¢f Ex¢cutive. the teswnsibiiity to ensu￿ cornpl18n￿ wilh their wlicies #nd pro¢edure5 to liaise &$ required with their PTofr5siona] advisors attd TeEulatory kndies. All Trus*¢s are volunteers. CO￿ted 'lruslecs 8T¢ Kl¢d¢d for their ewrith¢¢ ond compl¢]ll¢ntwry skills. The IA>ndon Bomu2h of B8Jnet L$ ¢nlttled ￿ nominate three Tru8tees. Th¢ t[￿¢t formally a rninimum of four iim¢s ayear. In additiUL there are five G)mmittee$,. FiTWLCC and Informatiott 'l'echnulo8y (IT), Property S¢ryices. Housing and sup[￿ Scrviw Fu¢1 Land Alk>kne1￿ gtml H￿th and Saf¢ty. All Committees meet at l¢w fouTth¢S ayeor. Th¢ FinaTrx 8JJd rr Commiitee h&% responsibility for reviewryng internal and external Audit rew>rt5 and HIL The Tnlstrts review thc finartcial wsition al each mectll￿ and considet all prop>sab by th¢ Finance and tT Comfftitt¢¢. AJI Co]lliDitt%s meet tllOTe regularly as athd wth¢n th¢ need arise Th¢ priDGipal rol¢ of the Tnkn is lo provid¢ 8nd wiew the Strategic direction. have finatititit oversighL odopt a Budgc¢ crL4urc in￿Me i8 applied within a re￿nable tim4 obtain tteeessary ￿S￿ranCeS the OTg7￿i5atiOtt ¢I￿pIl¢S with th¢ lawand r¢gulation and oversee th¢ woth of tk CITrrunitttts and tlR Chief Fxeculive. To ¢nsut¢ go(Q gov¢rnanc¢ and ￿MplIantt with th¢ Nationaj HOuSu￿ Federation's Code of Governance following a govcrnantt rtvicw during 2020, The Finchiey Charities unde￿k a rcview of th¢ governing do¢ument$ duyir)8 th¢ p¢riod which included.. The Charity Scheme. 2. Cffivern￿e pro¢¢dur¢$. 3. Tru5tccs Coth of Conduct. 4. Aty suion plan to ensur¢ Th¢ Finchley Charitie$ 81¢ (t)mpli#th with th¢ NHF'S Code of GovemÈnt& to ¢n5urc good 8overnanct wtitinUCS to be in place. A r¢frcsh of thc Gov￿[1￿￿ Procethres is platll*d for 25r26 Control Envlronm¢nvFro¢¢dur¢$ Th¢ Tru*5 havc delegated authority ond establi5hEd li￿5 of resp)n5ibiliry accorditigly. BtssitiESS OJMJ management controls ser Matthds of professionalism and i]￿grity for operation& which are managed by ¢xp¢ri¢n¢ed Rnd suitably quali)Trd ThE Tru*cs that Tclativc to the num￿ of stfvff, Thc Finthky Charities has adequate and effective key internoi contro]s. Policies aTLd procedwe5 are Wlitw impkm¢nt¢d alld followed. PoIieies 8t￿ w¢edur¢s ar¢ T¢gul&ly r¢V￿w¢d and ratified by Tn]stee& Tr r¢vi¢w (imeframc is dtpetQ*nt on the p)licy, regulatory requirements attd 1%st prxtKe. The introductionof n¢w ￿li¢l¢S is ￿nsid¢red andr￿lf*d by TKu5t¢¢5. knk M•ffjwg¢ment The Fin£hJey Ch&riti¢5 has &risk munagement plaJL lTht maitir risk5 to whith Tr FI[￿hleY th￿LtieS is exp)st 85 id¢ntiti¢d by the Trus*w are TeBul8rly r¢vi¢w¢d stEP5 tsken to miligate those risks. Finchi¢y aJaritl¢S' Ti5ks are reviewed re8ulotLy and tabled at Trustee mee￿KS 10 ¢nsw¢ rolxjst risk management is in place. A Risk managem￿ Workin8 Group Set up ￿ part of the Finan￿ and rr [n[nitt￿,$ WOIkpl￿. PaBe 3 THE FINCHLEY CHAIUTIES REPORT OF IHE TRUSTEES ¢ontinDed for th¢ Ytar Ended 31 Mareh 2D2S Firt RI￿ A55cssm¢nt W¢ w%¢ a third to ¢ondu¢t ow r¢gulor ¢x¢¢rn#l Fire Risk Ass¢s5rn¢nts. Thi5 year the Fire Risk &8Se￿r pr￿ented their fiThlings to th¢ ncw Health and Safrty Committee which, toBetl*r with the Senitir IxadeT5hip TesDL oversee the completion of ibe improv¢m¢nts training r¢￿mI￿¢nda for Chwty. All C¢5 hav¢ bc¢n gTad¢d Tokrabl¢ and are compliant with the emcr8in8 requirements of Awaab's Law. part of th¢ Socts] HowillE IReEu]*ion) Act 2023, w￿l¢h r¢quiTeS social landlord5 ¢0 ffix r¢port¢d health safety h8zard5 wÉthin spccifi¢d tim¢frame& It takcs into aCCo￿t the 29 hcailh and safety hazards olltlitWAI in the Housijjg Health and Safety Ratin8 System (HHSRS). sp¢¢]fL¢￿Iy. Awaab's Law focus¢s on hwid5 that rffj5e signifLWt risk to th¢ health OT saf¢ty of the actual rcsidcnL even if they are ttot at the hi8hest HHSRS &ittgory I EDgag¢rn¢nt& FDDdr•i¥iug The level of enthusiasm amotwt Residents ofThe Fitthl¢y C]wi¢ies for Collununity related opp)rtuniti¢s i high. Thi5 I￿T5 Evid¢1￿¢d during 2024-25 byth¢ re5wnscs of thc Residents to The Tenant Sati8f￿lOn Me&8wes SLLThey and itt othvT ￿te[aLl11)n3 with ow CollewK5. We ¢stimat¢ that approxima*ly 30Dh of a]1 Residents int¢r￿d in acces5itLg c4)Tnmunity trsining aNI Volurrtttrll￿ op[￿ItiCS aThJ thcrc have bccn a number of such opwtlutLilies during the year. To guide and ac￿lerate out effort5, w¢ ¢n8ag¢d with Lliariii14 ork.) to r¢¢ruit and tra￿ * grsluat¢ int¢rn &$ o Cornmuuity Dev¢kkpm¢nt Support Workcr. Thc trgincc joincd in ￿￿￿ber 2024 on a 12vmonth r￿ed tenn ctrtthct and has been iA5ttumqJt41 in mathy of the 5UC(X55¢s achiev¢¢l Hcnc4 tonlinue lo a¢live]y deveknp lith with our ioral cornrnuni¢Ks> p¢er5 and k¢y stak¢t￿lderS prior lo identify￿8 appropri*e lo￿ itnprov¢ment OPW>TturLiti¢s aJyJ PriOriiLSLng projects I re50urccs. fimding and 8 futLdTai*ng pipeline. Our fo¢L% i* on ettsuritLg Dur rcsidcnt5 are enabl¢d to mBk¢ the Ec5t U5¢ of community S¢￿ r¢50urc¢5 ￿lationshipS to 5UFPQrt Ilealth and well-beillg. Con￿U01ty *85Cts tllclud¢ any fomial or infomial serviccs or aclivilits ihttt help to SUPWrt health and wr]1￿¢￿g. s￿￿ 85 comrnunity org3nisationg and Broups. fix)d bank4 5P)rts ¢lU￿ cornm￿lty c¢ntre4 faith groups, opcn space& or law and advicc services. We are particulorly CO¢￿ed on knusin8? food and nutritiory and h¢alth servi￿S. An cxample of wch clo%crtn8agement 15 OUT work on the Fuel AllabDen￿ This resour￿ of 122 allokncnt plots is held by The Ftijchley Charities its ￿T[thity for individuals who live in ihe London Borough of BarneL This year. we started converting otte of the plots into a"CoTnmunity Plot'to provid¢ QPFortuniw for voluntccrs to grow fresh produce for tho* in food t0￿rtY while also Creating a calm, safe envir(xmient for tILose in our to¢a] community such &sylum seekers, maT￿nalised groups and vvln¢rabl¢ 5chDol rhilth¢n, to 50ciali outside with other4 Itam a little aboui horticuitute at harv¢st tim¢, ¢at freth fruil and vegaables. The Community Plot provides fresh fth)d for the Finchley Food Bank to disthbut¢ and has been supported by volunteers fmtn the Finchty Food BWJK St MBry'S RC East Finchley. lo¢a] asY]L￿ seekers. via The Finchley Progressive SyJ)agoguc, Residenty of lThe Finthley Charitie& Fuel t￿nd Allotment p]ot holdrTS and p¢opl¢ from the local aTe& Additiollai volunteer 51JPtx>rt h&$ been re￿iV¢a trom l(Kal organisation5 such as GuodGym Barnet and ftom ￿r￿)rate volLYJteers including Jan￿$ Hambro & Partsjers atkl MNM ProrKty Services Ltd. (hjr Impact B£￿Thrt out]ines ￿t of Ibe JTrtTrrc recent achievemetts of rectht Communty Developttwit work include: HoldirL8ihe Barnd Africgll Cgribbean knociation {BACAI Peer SUp￿rt p￿)J￿ cottrte¢iiDg our rui¢knts with BACA mcmtm. This established a link between OUT Lhoritie4 intK>duc¢d prospe#iv¢ applitÈttts kn th¢ $it< ffdu¢¢d isolotion for r¢5id¢nts and encouraged anotionai WeN￿l￿g. Project managin& publicising and d¢liverin8 workshops for the BaTrtet CotntllUDity Quilt Project to]]nectillK key lo￿1 btak¢bold¢rs in¢lUd￿g N¢wCitiz¢ns Gateway, Grange Big Loc4L Tbe Pavilion School. Barnet LLbrarie5 Taxling Road Comrn￿lry Cctttrt. Re£eiviti8 £20.000 8mt fi]nding froll] th¢ N*iotJ&l Lott¢ry Cornm￿1ty Fund f0ranaC￿5sjbk wal¢riesy toilet the fuel L￿d Allotment& rtst8blishing aworking partn¢rsbip wittl OakLodge Sch￿] will F* using the Community Plot at the allotmentnow at01￿1 is available. Pa￿4 THE FINCHLEY RF.PORT OF THE TRLSTEES for tht Ye&r Endcd 31 M•rcb 202 The Finchky Ctwtti¢s is a150 prttKriDg with ntition￿ locd organi5ation5 to ixtter un(krstOJM1 and ssible. to supp)ri their objectiVES wjd athiviti¢& Hencc, we werk with the SoJDali Bravan¢se W¢lfare AssQCiatN)T4 ￿T￿ Ag¢ UK and h&ve givcn a grant ro The Trinchley pro￿$5)ve SynagoEue to help th¢m ¢Teatt a safc wclcominE space every week for asylum seeker f￿￿lIeS. We are also WOTking G1o5dy with local schools delivet intergetErntionaJ unpa¢t such as providing woyk e￿[]en£t for.wme of the sbjdents or ]M)Iding ￿10￿¢ d Ixlfftmunity brunches. P&kners hEte includ¢ Tr Pavilion Sclx)ol (N20}, Oak Lodge S¢1￿01, Queen Elizabeth Girls Sd¥x)l. Norlh L￿ndOn Gr8mmAr S¢lM)ol and Ball￿1 Coll¢g& In additioj). we ate working with Age IJK to supwjrt older ￿ople who wgnt to m¢ct. share and karn new craft skills. Intormgtion System$ In ortht to keep overhe￿￿ wsts do￿ f￿￿ncial maDag¢ty¢nt aGwunting is outsourced 4t￿ processed by th¢ tr*Jokkeeping department of Alw￿Ls LLP from d¢tail provided by thc stsff of ThE Finchiey Chyriti¢s and itifonoatiots provided by the IrLv¢sitnent Manaw, Rarhbon¢$ 11]]V¢5*¢ W¢a]th & Jnv¢strnent}. PC bwd system5 with slandard sofvare pa¢k8gt5 ar¢ w¢d forthis purpose. Tr annual budget is arvroved by the Trth5. Th¢ Chlcf Exccutive AIwytt8 LLP report on st￿lfiCant advetse vatiances to the Trinance and IT Committee. Mao4¢jt￿rti a¢eounts ar¢ produ(rd monthly for review by th¢ Chief Executive. Chairmatt of the Fin8nLf ￿]d IT Committcc amd Alwyju LLP. 112thboncs Onvestec we￿1h & Inveslmentl provid¢ inv¢s¢ynenl rttx>rts to members of th¢ FitbaD¢e end IT sU￿cOmMttsee ot) a qurtrly ba5i$ for review and updates the tottLmittee a yw by prcsentation. Minures of th<%e rrJ¢¢ting5 aT¢ PTesented for diSC￿$l0￿ at th2 next fn]s*e5 Meeting l B0￿d. Monitoritig System Th¢ Chi¢f Executive is resrA)nsible for Frrf¢)Ttnance of the staff in relath￿ to politie& FrOr￿1[¢S budg¢ts sd by the IrLLStecs. o￿tatIon￿ issues may be re￿Tted to ihe Fiti¥mce and tT Committee or to the Chair if qutck decisions aT¢ r¢quir¢d. Th¢ Minutes of ail meet￿81 Ère approved by the apptopriatc Con)mittee Chairs ènd Tepkrt¢d to the xi fvll Tnw¢c$ Me¢tithg l Board for informati¢M atld ratif￿at1(1ll. During 2023124, HR adrnini5tration was outsourced tu Be5tStsrt Huttwj R¢source4 and we are using an onltixe (knab￿ t￿] SafeHR as part of our drive to SafegU￿lL digitiEt and simpjify 0￿ systems and retord ke¢ping. R¥trvu Poli The TnL8tees ￿v¢ 8dopt¢d a r¢s￿VeS polÉcy which they consider approprÉate to.. Provide arlljual gjnouttts fot fLrtute ￿CliC￿l rwiLE ￿ maintengncc. A]low fot flu¢¢uation$ in cash flow attd able to Tlleet budgeted wndilurc and donatiorL8 for at i¢a5t one ahea4. Accumula￿ monies expectrd to bt rtquired for the refuTbislun¢rLt of tk Almsiwu8es ovcr and aix)ve th¢ amounts in Designated and R¢stri¢ted Reserves,. Jrch&%e invts¢m¢ttts which provide incomc from whi¢14 Tllok¢ it P055iblc to 5ub5idi5¢ the weck]y xintenajjce contnlmrtions ¢har8ed to Resid¢nts of Almshouses alld thu6 fi￿111￿% on¢ of its chtiritsbl¢ objectives. The Trusl¢¢s keep the kvel of reserves under regular r¢view lo ensure that they are ￿lequ￿ gnd wpropria* to e£t th¢ rcquiTements of The FtiKhl¢y Chorities. The'1'n￿tteS aim to maintain the fr¢ r¢5¢rv¢5 ai a Icvel of 3 motsths ofextKTMliLure. The current i¢vel of free reserves meets this p)IiGy. b} dl Employet The Finchley Cl)aTtties pl￿ gr￿ emphasis on tk ff>ntribution of its employe¢$. Th¢ Tnthc5 Ivant to place on the rttord thanks appreciation for thetr (kdicated work thrOUg￿￿Ul grnther very cbauenging year. Colleagues maintained goL)d 5&f¢ Jink5 with Rcsidcnt4 ensultt￿ kn'8h mota]e throughout the chgJlcn8 exptrienced IHE FINCHLEY CKIRITIES REPORT OF IHE ]RUSTEES or the Year Ended 31 March 2025 Dwing 2024125. Trust¢¢s employed a S¢nior tKathrship Team comprising of the Chief Exetutiv4 • H¢ad of 0￿ratIOnS a Protxrty S¢TViCCS team and a Sheltered Hou5in8 manaBer.'ll￿ team is support¢d by four Sheltered Housing Officm, a Business Support team and t 8raduate intem placement restxmsible for supporting comrnutiity dcVclo￿ttt￿L A ￿rfoll￿a￿ce [lla[we￿ framework is in place to ¢nsuT¢ mlleagues. and the Cb5ef Executive sre 5UpT￿e￿ Provided with regular 1-2-18 a￿j yeuly appraisals together with wfoTtn8ncÈ (kliv¢ry plans. The CtLaiT of The Finchlcy Charitits carties out the yeatty aPP￿SaI5 and 1.2-15 far th¢ Chi¢f Ex¢cutiVC rcwrts ￿Thlanc¢ to thc Board. Thc Finchley Charities is ujmmitted to developtn¢nt and coaching for all c4)Ilcague& Th¢ framework ethsures Colleaglle5 at all levcjs have th2 OPFW)rtunity ts) meeL raise and dis¢uss issu¢s wtth their M8nager. the Chief Exeojtive gnd ultimalcly thc Tnk8tees. lkncluslDD and Btionglog Our commitment to Equaity. diversity and actI￿lY promoting belon8inLr ]nclusion WKI so¢ial Justi￿ are principles we hold thar. We are ￿mmItted to i]￿[￿sLoA for all in our tomTnunity fjnd are guided thTouEh this by ow ¢ommitrnent to celebrating V￿lling th¢ rich diversity at the hettrt of The FirJchJ¢y Chariii¢5. As aCh8rty we are dedicllfrd in our journey to EtCLNniJKg aclivety anti-raeist and promotittB the diverse llathjre of out community. The Cltsrity is a pla¢¢ wh¢re g)¢ictsI thailenges aretackled to swpjrt everyone. The Tn￿t#S 81¢ L1)t￿MItted to ¢]imwititig dis¢riminatio# *tyJ promoiiJg equa]ty of opputi]nities for all Colkagues and ResidEnts. Thc Core V8Iu¢5 ond Mission of The Finchl¢y Ciwithes are b￿d on valuing our divertiiy attd et]abli]]g everyone withitt OUT OrgoD]￿lI0￿ stsff and rfsid¢ut5 alik4 to thrive to supp)rt eath other. As an etnployer of a diverse workforce i￿re is reprcs¢ntation al a]1 Icv¢is from the fiont-line collea8U25 Ilyough to tht Senior Leadetship Board and w¢ arc committcd to tsckling ajl fornis of inequalty w￿ther stNctUTal OT personal wherever thi5 May occur. A5 Pbrt of thi5 Cotnmitmenl we 5Lirted work with The S￿ial Justice Colkctive (SJCI in2023 and commissioned them to undertake gn Equality Diversity and It)clLL8ion IEDD A￿111 in 2024. AS w¢ Contin￿ on this journey. we still have much more do xnd ro 1&7rn as we progr￿. As part of this work with SJC. ￿ cqualtiies partel consi8ting ofmembers ofThe Finch]ey Charities commuaity will Come ioE¢th¢T to lty)k ¢lo*iy at all &ycts of our knusing and community lift Lo rr￿C sure ¢veryonc is r¢5pected, value4 treated fairly and protected. We coniiDue to thlljk of Ivaysto ptomote equality attd div¢rsity. Th¢ Trusle¢s have an absolute and ongoing commitment to a(ktres$ irtjustic¢ wh¢r¢v¢T it O¢¢UTS And aTe ¢onfident that together we can emerge stronger aTKI Jnore united for the bett¢nDeDt of all. In August 2024. The Fin¢hlty ariti¢4 rogeth¢r with 15 other locaI organis￿l0jLs and faith signd a C4mirnunity Stlltcmcnt ¢KPTeSSTng their pride itt the diverse knrough in which w¢ liv¢ and work and condenThing g￿tI-1mMi￿r8j1f batrt IsIallLophob￿ viol¢n￿. ?￿d hatr¢d of any kind. Tru5¢¢e5 Liability IM8uran¢e As alIowed by its maftdate. the.[r￿$t¢tS have tsken out CQV¢T of £5(m).0￿. Ittvtstmertt Polity The overall obj¢¢tiv¢$ ar¢ ￿ ¢r¢4te sutTL¢i¢nt inp)me 8Th1 capitsl growth to erJatAe The Finchley Charities to c8ny out its purposes consistently ycar by ytar with due and prop2r ci¥nsideration for future [￿d$ anJ the tnaint¢n*Le¢ of, 8JLd if p)ssibl< ¢llhellc¢m¢nt of th¢ valu¢ of the fftvested fuods whi]e ￿Y are r¢tsi]Kd Bi*h capital and In¢￿￿e may k wcd at any time for the fi]rthBrance of The Finchley ChKities' sirn5. Ethital Considtrations The Tnw¢¢$ wish to preclud¢ inv¢sim¢nt in lob￿) a[￿th￿t are defmed &8 companies with more thatt 2￿A of their nunover in thL5 activtty. Trust¢es reser￿ th¢ rI￿t to cxcludc ￿Mp&nieS that w out a¢tivÈties contrary to their ttim5 QT from holding particuiAr ￿vestMentS whi¢b damage Th¢ FiTh¢hl¢y ch￿ltieS. r¢puration. Tn*$&xp¢ctttL¢ Inv¢51Tn¢nt Mgmagcr to hav¢ considcred the suitabiltty of irtvestments. PAK¢ 6 THE FINCHLEV CHARITIES REPORT OF THE TRLsfEES ror ¢he Y¢ar End¢d 31 March 2025 Priu¢ip*l Tundlng Sour￿1 (JJar8es made to Residents for accoJDmodHLioD and Income and ProfLts from tnvestDkerts. Appointments and TraRniDg of Ntw TrnJttts. Three Trustees or¢ nominat¢d by tk London Borough olBsrnet th¢ Ex-officio Tiith¢ is the Rector of St Mary-at-Fit)chley Church lThe Rev Philip Davison. T￿$1¢¢9 ￿P￿]nt new TNsttts for their wific skills and knowledge following a skills gap atxiysi8. Tr Chief Ex¢¢uliv¢ the d¢legA*dr¢sponsibility for providing irainirtg. R¢¢ruiDn¢nt of new Trnskes is on%oing so as to en5Utt 8utteswn pl•miing for2025126. rknin8 2024123 Th¢ Fln¢hky Ch&Titi¢s r¢crnitedone r*w Itust¢e ttomiDat¢d from Lortdon Borough of Barnet and welcome Hekn Gordo In 2024, thc Lmsikncy. Campbell Tickell wete comtnission¢d ￿ 5UFWt the recnjilment of hvo Tr￿Stee$ Jule5 Bickers and Jobtt Welch. In additio￿ two D¢sigrth Tn]stees Daui¢l Jaffe David B¢)wEn wrre apwinted to support succession planning. This y¢BJ also ￿ the resiBnation in February 2025 of MÉC1￿¢1 Puthslry and Adam (Ihc&wddin from their role5 Chair and Trustee. Michael Attd Adam led th¢ Charity for many years we are dwly grat¢ful for their corr￿nItr￿Cnt to our Mi85ion and Ihe ￿ll$doM and t[￿rgy freely offered. Key D¢ciJioDS The TTuslees tllake all K¢y D¢¢i5iotts thduding the ratification of decisioDs delegafrd lo Chair or th¢ Chairof the Finan(% and IT suiFcommittee. Activity. Perforniante Review Futurt Pl*n8 2024125 was again a challenging yeaT with WDt2nuing hi8h intlation. sjmralling cost olr¢pyiT5 and Traintenpn aTLd high Bank of EngIaDd b&8c rate8 rtsuiting th higher iTrtu¢st Pg4yment on our lo￿. Howev¢r, Thc Fin¢hley Chtrilie5 have continued to CRTry Out the COTC services to a good level. DurinB tk year we eXWien￿ 10 void% ￿thi¢h 15 5.8% of The Finchiey Chariiies. housing 510¢K ' mpwison tt) 9 voids in 2023124. Thc Fujchiey Chtiritids h&$ continu¢d to teach out to the local community ensuring that collEagEKS are suprK)rted to tum voids aroun4 cwin8 Oui reftstbis]Mnents D¥¢s5ary ¢0 [￿kL Th¢Te 99.4% occupancy at 31 March 2025. Furthu Challenges expttrien￿d ￿￿re due to th¢ issues faced by contractors, the ditrttsdti¢s with th¢ Jabour ]JJark¢t and th¢ Unpr￿ed¢nt¢d itJcr¢vse in o)st of materials which affected luming void8 arow)d in the exjxcted timefram& lThc organisation strate8y is fijrther developtd to plan longer te￿ ￿bitiOnS ty trnild fumher hotne4 reviewin nd improving 5¢rvi￿. processe5 gnd governanL¥. The orgauisational strat¢gy tJ85 Efcn Teviewed and refreshed with a new 5-yetr stratey laulld￿ in May 2025 AJJet MgJLagemtnt T￿￿ are committed to ￿5￿re the Ch&rity h&8 & ￿11 rnalnt4ll￿dlo ahi8twuaJity Aandardhou$tiw st(Kk and the resowces 10 keep these knmes ￿ goDd c¢mdition. ReBul* st￿k ¢ondition swv¢ys ¢nobk th¢ ChaTtty to maintain th uptothte r¢gisterof the work5 nee(kd tts thatthe accOM￿dation provided meets with the Iktent Hotlles star￿ards th is tnaintained at agoLwJ standard fw all Residents li¢. ￿￿mmOdation in & reasonabl¢ state of repair. with modern facilities and $wvir￿ ar￿ a Tcag)rwbi¢ d¢8re¢of thern￿l comfort). Such surveys enable an wthstatiding of fubjte fittsncitti commilmetlts within a 5-w-3(kyeAr]KFfvwtt PAJd infomL th¢ s.y¢￿ rolling PTograTnmc of planned r¢p2irs and major refU￿7sh￿J¢nl nxdEd. TFIE FlliCIII.EY CHARIIIES REPORT OF TIIF. TRIISTEES for (he Year Ended 31 Mmreh 2025 Dwin8 2022123, the surveyor Faithorn FatTell Tithms (FFTI was e4>mthi&%ioned to unthrtake & cOMpreh¢￿i￿¢ stock Condition survty of a]1 The Finchicy Charities protknics. The results led to the Charity's latest 5-year tolluJ8 PTogTwnffle of works attd und¥￿itin¢d th¢ PTocurem¢nt of a pro￿rty seM£es tontrttctor wlKk tLOW cond￿ the majottty of our I￿lIding fabric r¢par5. Thc stock condrtion survey by bFf identified tht ¢￿rgY rKrforniantt certificates IEPCS) of atl of ow operties. Th¢5¢ EPCS IkscrTri e the ￿rror￿￿e¢ And Suthinability of each property ￿ld infoTm th¢ decarbonisation improvement IVOTk5 Tequired for ¢éth proF¢rty to achieve tbe Ttustecs. aim of minimum ratings C*fc 4¢T0S9 th¢ portfolio. Such de£￿bonl5aIx)n ]w resulted in 8 substantial number of trK&iler, wtijdow trtd d(x)r replacements with fjffiher retrof￿1￿8 piantKdto ￿hleve ik"C- EPC ratings tarBeted. Kty Buildin8 and saftty works wert tomp]eted throughout tk year LrKludcd up8rades at the three ￿r¥i￿¢S for ex8ttJpl¢ ojl Fire Doors at Pewterers amd were renewed refvesh¢d and this work w&% supplemented by pgr&iing and rcplacjnglup￿adill8 some of th¢ cornpthenlal￿atIOll and communal dotris. Wiimot Llos¢ fir¢ )or$ repl&*m¢nts ar¢ planned. At Homefield fjar&M% ¢OTLsuJtants frotn El¢ktra carried out a projea to r¢vi¢w the eurrent exteJnal lighting and Produced lightm8 deswLS lo improve lightirt8 externally ¥T¥)urKi the sit¢ aJLd folknv up Mrjrk cotnpleted p5t installatio A dcfibn"IlalorW￿ itL8ts1kd at each of our thre¢ schr￿ aTh] training ha5 beet) tmvided knet Devtknpmellt Apprthiial The Finchley Chgriti¢s continue lo review it$ ¢oa b•se ond as*t ￿￿￿¢m¢n( ￿ti￿lArlY with ￿gard to rmanciaj cfficiencie*, value for and 5tandwds for prom refurbish]llent5 and ttLaint¢twJc¢, whi15t being M]￿lfUl of k¢¢pin8 a 8￿d standard of accOm￿￿[￿li￿nex[fa¢d for Resi&nts. Th¢ Tru#ees are a150 CO]n]nitte(L if abl¢. to develop mtre homes n¢cdcd in the #Jea of trKncfJL During 2021nl Campb¢ll Ticktll wcr¢ tommissioned to appraise gll The Fin¢hlcy Charities. stsxk and latd to llJv¢stigate and ¢xpior¢ OPLX)rtuniti¢$ for tIL¢ tutur¢ development of oew hD]nes. y¢*, w¢ held di￿lOnS with SheTidAn Lunitcd to plan thc dcvelopmcnt of new hojnes in the area of E¢nefJt duLinB 2025126. Wc have secured fimdin8 from Warm Ilome5 to upgrade Cleav¢ Howe and bro￿btX l flat b*k into use at HG Hellth & Wellbeing The organisational fwus on H¢alth and Well-being for Resideuts ¢￿tin￿$, focu5itLg on activiiies and events to promotc good rnentai hcalth. p￿MOte a gotxl COTrytnutLity, T¢duc¢ srKiaI isolation attd loneliness. Sheltered Housin8 OffJcErs tnaintsin r¢Bular contact with all beneficiwies and idElltifv thos¢ most at risk or as ￿ increase their ¢otrtact supwry ￿ requircd. During the p&st few years, The Fi[￿hleY Charities. IT imprnvefflent pmgrdmtlle uKluded moving ajl the IT alld ¢ktl)on¢ syst¢￿$ to cloud gnd upgrw]e to the ￿MM￿)ity 8J8tm system$ in b¢n¢firiaric5' hom¢5. FK¢ to fa¢e 9￿pOrt ￿eed tr)8eikn Ivith th¢ of odditiona] comMw￿l facilitLes. Stsff aT¢ rM)w working ￿w￿d5 inwovill8 hEaith and ￿11-being activities and events and a numixr of ¢oJntnunity 5￿JaI opportunities h&v¢ bm created includin8'. Money Matters ￿ Scam Pr¢v¢ntion-d¢liv¢redwith AgeUK First Aid tfdiThing for Resi&nts In¢ergenerationa] projects illcJudit)g art alld ruusic ¢la&8es and Yo]￿tter￿￿ work at th¢ Community Alkrtment Cotrfftjunity BnInd￿$. IthJTai telebrtitions Fe85t with Us ￿nOnthlY lunches and atraioin8 pmgrAtttstte Page 8 THE FINCHLEY CHAIUIIES REPORT OF THE TRUSTEES for th< Y¢wr Endtd 31 March 2025 Grounds. Gardtns and Grttn Spxet It 18 50 importani f4x Residents to SOCi8]isc attd be part of a ¢ommunity whith C4mtribut¢$ to th¢ TedL￿10n of swial isolation. The Ffft¢hJey Charitscs ensures thc 8rgwth gar(kns wjd gTttn 4ba¢e are well mtiitLtsin2d to be￿rrt the h￿th & wel]bell￿ of Residenrs. Tn]stcts wou]d like to thank the gardeners for their corrJTnitm¢nt arld hard work for making Sute tht gaTdetL¥ remained beauti￿] Bnd ￿ct*S1b]e tor our b¢ncti¢iaries to enjoy. ￿CialiSe gnd be pgrt of a community. Trustees would al￿ like to thank tknse Residet]ts wkn Also contrjbutrd to ¢n5ur¢ the E8rdens were well m)it)tsin¢d. Maitrt#ininB th¢ grourth and garikn% Tttnairk8 apriorrty. Rtjldent EngAgemeDt ittd Sattsf#¢tlo R¢5ithn¢ ¢Thgag¢JD¢rt is aEout a5kirLg the ¢xT¢rts {ourResidentsl about knw should our servi￿% W¢ wwnt to ernqure that Ar¢ abl¢ w tiifluetLe¢, stlape, and decide on tK)W scrvitts arc dcliver¢d from ihe day to day TUDning of ow ¥upport¢d IM)using and ￿dIvIdual,S personal support pJaDs throu8h the delivery of le￿irS s¢rvic the strd*gic decision m&kio8 of Ihe Bogr This hos a[￿yS beeo ¢entr81 t

ndtd Ivat either very &*i8fied or fairly ￿tIsfied with the ovey￿ service they rettive frutll Tr Finthky Clwities with 11 of the 12 ar￿ 5urve)Ed bein8 in the upper quartil¢of %¢tor ttbwIt5. R¢&d¢nt r..ngag¢m¢nt sessi￿$ (ywrtunities for CollcaEucs and Twsws w leam the ¢h￿l¢n8¢S fuccd by OUT Residertty and then lo]]ow thtouth with tnattwd actions aryj owtCOme5 that 5UPPOrt and 1km0￿Y efrt Re%id¢nts. Key ar¢as ofactivity include.. COMMS SURVEY Security gnd sign88e Car pthin8 Di8itai inclusion H¢aith ar¥J H¢41th ar¥J Safety Re5LdeAts' tLKetings h&ve ixen held at every $d￿me to ￿W'Fi￿ SHfrty' Hnd 5￿CIfIC mthrs llnd a Heatth and Safety Cotnoxittee mobilised in S¢NembEr 2023 where six eieLied Residen￿ work rog¢th¢r witb Colleagues iti è commitiee chaired by a Ttustee. Th¢ Hvalth and Safrty CornttLitt¢¢ mccts quvJtcrly with minutr5 of the stgsions posted sd]Eme noti￿¥￿ardS andavailable to all B2sideots. Page 9 THF, FINCTILEY C.IIARITIES RF.PORT OF TIVF. TRLSTF.F.S con¢iDu¢d for the Yeir Ended 31 fvlxreh 2025 Publit Benellt Tr Finchley Charities PTovith LccomTnodJtion for th08e t¢neficiaries of limited mean8 who have lived within the IA)undaries ofthe kn)ndon Borou8h of as sei out in th¢ 5thwn¢ of 2011 r¢gist£red th¢ Charities E¥h year the Trugteeg teviewThe Ftithiey Charitie4' obF(thv¢4 to cllsu￿ they conrinu¢ to refl￿t The Finchiey Charities aims. In carrying wt this retriew, the TnLStees h&ve totllplied with the duty iJL Wtion 17{s) of the Charities Art201 I to have due TegaTdtothe public bcn¢fit guid￿¢¢ published by the Ciwity Commissiiin. Don4tlon$ *nd Gr•Dts The Winch]ey CtMTilies the following donatiorts and 8rants dwing the ye4T." Local Clwrch Do[￿tionS £11075 £5.322 A 8rwJi is d¢fmed as a fmwigl award mad¢ by The FiTKhky Chariti¢s from its fvn& kn support ch*ttable activitie5, usually to regisrered charities. charitthle conhmunity gT(X]P8 and ittdividuals experiencing hardthip. Trusttts, Brant maktng ￿l1¢Y h&8 no restriction5 ith¢xJsed on the purpDSC for which may b2 matk, as long as th¢ ¢riteri# outlined in the Ch￿il>. S¢h¢]D¢ ￿ tn¢t. Tn￿S will award grants wthen they be]ieve tbe grattt will make a th"tYerencc and will have an impact in the aTea of bcnEfit. All applicatrts will be collsidered if the organisation or individual w (kmOnStr￿ ts followitig: Need athj impact The organi￿lOn applyÉn8 for a 8Tani is 8 ￿￿$t¢re4 ¢harity in th¢ VK andop¢raks in thE of - th ￿ndOn Borough of BanKt AD individual &M)lyinK for 8gr8llt Trsid¢s iti th¢ areu of benefrt and can thmoDstrO* hthhip. Grants awarded will vary in amount. Ail gratsts are considered dt The Finchley Charities. Housiug and Supwrt S¢rvic¢5 Corrllnittee on a quart¢rty basi5 th¢n ratifKd by th¢ Finallr¢ IT suknMll5niti¢e mdth¢ Trustees o(The Fitichlcy Charitics, bcfott grants are awBnkd line with The FinctLJey ￿aritIeS. charttable objeclives. During 2024125. we continLxd to ]imit the 8ratits provid￿ du¢ to th IBTge of irhv¢slm¢nl irrto th¢ maiDr works PTogr3rnTnr. for th¢ much-n¢e¢Jed work T¢quira to Ec undertaken to Thc Fin¢hlcy Charities. asseis during a diffjcult a￿] chal1engll￿ yeir. W¢ will culltinu¢ tv pruvid¢ grnnts during 2025126 which Thill be kept utthr review. I￿*t811 ptrforni#rt¢t PtrfoLTran¢e i[Ldica￿TS.' 2025 2024 Operatingm8rgin before r¢yah￿tion gain OTh iTLveblm¢nts Occupancy Rent coll¢ded Overhe*ls as 8￿rcentr8e of mAintenar￿e Contributions Cost perunit Working capital 16% 9Y 98% 99.4% 96Yo £11.162 £207,907 8W*l £8.676 £123.323 Thc Finchtcy Charitics. opcr8tin8 m8r8in bL8 incre￿1 f0l1tsw￿￿ an Improved perforni8t￿t on tnYe5trnents ud a5 th ch￿Ity contin￿5 to inv¢st in its propxties whilst maintainin8 a 98Vo ocojpancy and yent collected rnalljs CODSiStenL Tr working capithi iw improved from the p[evio￿$ yeAt bllt tontinu¢s to k low du¢ to th itinu¢d inY¢s¢m¢nt in our pT0Ffrti￿ through ow plaJuKd'major works. pro8ramme. Pa8e 10 THE FINCHLEY CIIAIUIIES REPORT OF rnE TrUSTEES conlinued for Year Ettded 31 Marth 202 FMia•¢ial Review ofthe Ye•r Th¢ 5u]pllls befort reval￿110￿ loSse￿$t￿lI on inv¢5trn¢n¢$ for th¢ 12 month5 F¢riod £763.523 (2024 - £310.478). During th¢ y¢or th¢ mar￿8¢r ￿al]g￿ed the Chsrily's tM)rttvl￿ to ensure thai iJLCQm¢ and e8pttaJ 8roMh wer¢ Mairttaincd ill litt with the Charty's investment p)Iicy> 5e¢ wg¢ 6. Thi5 prLwJuced a Bain OA disposalof ￿¢]fi¢ invesi]n¢nts of£755,487, the ￿￿tedS of wthich the tnvesllnenl Mall88er w¢d to r¢inv¢sL In o¢cord9ttc¢ with G¢neTaUy A¢¢ept¢d A¢¢ountin8 Pr￿11¢¢. the inv&trntFN)nfolio w&8 r¥-V8lued to msrk voluc at 31 March 2025 pmducing an wuediscd loss of £641,392, du¢ to tllaTknt volHtility during 2025. compared ￿ a gaiLof £214.934 ill 2024. Ov¢r411 how¢v¢r. th¢ Charity's T¢svIt5 W¢T¢ improvedby the of£114.095. Th¢ results for th¢ y¢w ￿]u￿n8 ts I￿Gre￿ or d￿¢￿Se in the value of illvestments may t¢ sumJnatis¢d 0$ follows." 2025 2024 Income from Housing Dired cost$ 1014916 (515.086) 1.868.939 1415.180) 1,503,830 l.453.759 AthninistTAtion co$t$ Depreciatio s on rylatgment of £(Jm￿lItt Grant Arnortisation (785.098} (338,908) 116.4801 64.599 (622,827) (337.060) {3),5371 64,399 407.943 304,934 Cyclical MaintenaTh¢¢Fund wsts {631250) 1454,273) Housing aL#ivity surpluslld¢fJ¢itl {223.30n 50.661 Other incojne less dotwtKkns paKI 231,343 223.535 OpBratiD8 Surphts 8.036 274,190 Profit on Dt uJve51Tll￿ts 75J.487 42.2¥2 Surplu5 for theyeHr ￿fOre revolu•ion Gain511]ossu) on investments 763.523 316,478 Th¢ Fin¢hi¢y Clarities ¢omplt¢s with thc Ststement of Rccommended Practice {SORPI for Registered SDciRi L￿)dlOrd5 itl the presentation of its Finatt¢iai Siatemejjts. EY CHARITIES REPORT OF ITrIE IRusfbES toitlnu¢d for thE Y¢ar Ended 31 MAr¢h 2n25 OvErvlc Thc Fitwhtey chariti￿ 15 aY￿e of its Stat￿ ￿ &Ch#rity and that frbs oiway8 subsid158d whkh The Flllcbley clwit1￿ offtts. The F￿Ch[CY chtirtii￿ ¢odeavouTed ¢0 prin¢ip8]Iy use illv¢stmBTht atKome to pay for emttiai eKlThordinw repairs a￿1 ¢4)itsl The Fincbiry Chari¢2¢5 ￿1¢￿3 its in¥athe p¢rfomLNUCg on Y4TrRy]Jr basts wlth its thvestsllentmws throughout tkn ye&r. The surpl1￿ shown 8b)v¢ Lx)l)i￿lled to contribut¢ ￿ rhe resefVC4 whith Are ther¢for cop31d￿ed adeqy&t¢ ¢0 SUPWL Th¢ Finchiey Chorities, obi￿tiV￿3 in the fjature. The Ststem¥nt ofFitwJciai Position shows incfea Irt to £17.221337 at 31 M8rth 2025 which are Jargely repTeMt¢d by th¢ Stock of hwsit a¢cou)mod&tion. The free re8erv¢5 lunr¢*rictcd resuves less fJx¢d ass@t4 deferred 8overnmait 8rsnt and IooDJI at 31 MEr¢h2025 wer¢ £1,155,355. The Finthloy ClJ&rftles to r¢tath tho servkés of rrtDI¢ssionoMy q￿I[fied stsff VA￿ are keen kn CQDtim thc (kvclopmentof 11JB Fill¢bky Cbariths, tsT8ets. Th¢ Fitthlcy Ch8rides' hav¢ ryJnfimi¢d Ibat an thqiiats finallcial t￿h1o￿ W¢ have pmbition to maiotaln ond Impmve this ty)8ition sn ordcr that we may k 8bk to offrr morc 8raDts to orgwu5ation8 ¥J Offtr￿[ytItt¢ to in in BarreL It should be llcknowled8tAi th&t Trustecs are not r¢mwwated for Ibeir oft¢trconslderHblo work, therefor¢, Th18tee3 Lwbility knsuraThce18 th pl￿ to them frorn r*rsDDal li8bi1Sty a5 is powibl RuponglblHtlos ofthe Truste The Trust¢¢s reswA8ible for prerAring thr B£wt of tbe Trtstee$ aDdthe flnanci￿ in *corthnce with applielble I￿ ondwguiations. low r¢qutte¥ the Trust￿& to E¥¢p8Tr fJn8ncial &xaLemellts ft>r oach financiol ye8r. Unthr thfir lY4TrY thE Tnthees bave elecled trTr wepHr¢ Th¢ FiDchley Clwitie8' fitwiciaj 4t&tcmcnts in A¢£tsthntc wKth applioablc and United Kingdom Aceoulltujg Sta￿d￿rds Iunited Ktngdom Gwally Ac￿pted A¢countln8 Practi(r) includin8 FRS 102'Tr Fiti8n¢lul K¢portiDg Stothiqrd 8pplicabl¢ in tb¢ UK and Repllbllc of I￿l￿nd". The ffju5t not apprDV¢ th¥ findnci818t8te]nents unlrs¥ they ate sati$f￿d thot th4y glve foir vi¢w of th¢ slate of affair5 Of The Fkncbley Charitiw atld of tk or d¢fvit for that p¢tiod In preparlng finooGi&l 81Ot¢men¢ th¢ Tru8tee8 are required to: le¢tsuÈthieaccouartllwwklicies Attd thrtt apply d)¢m consist¢ntly, judgm¢Ns ond wr4JUntingestim8te$ thatare tEawJnable And wudent; 51ato wh¢￿1 applKabie UK St8ndgrd& hav¢ followc¢l subject to that¢riai d¢pllrtur disclosed 8ttd ¢xplaiiKd in the 51at¢llKnls,' at pr¢p￿¢ the [￿fy￿¢18I slat¢ments on the 80in8 ¢¥)ll¢￿￿ bwsja ￿￿esS ti is uJapwJpri4¢¢ that T Finehiey Chariti¢5 will contlnue In busimss. The Tntstro Kwnsibk for kyin8 ad¢qua¢E ac•rewrd8 that w¢ St￿cle￿tIO sknwAtKI ¢xplth The FItL¢hlty Clwltie3' trwv&tiotts omd disclose with ￿a8￿>mable accuracy at any time th¢ f￿a¢la1 position of Th¢ Finchley chariti￿ and enable tEw to ¢n5UTe tt￿t the 11n8￿lai 8N¢m¢nts ￿mplY with the Choriti¢s Act 2011. the Hou8ing 8nd R¢gM¢t&tk)tt Act 200& tk Acco￿tIng DirectiOD for Privats R¢glytrrd Provi&rs of So¢lal Housing 2022 and the Stst¢m¢ot of Recommend¢d Pr￿te#.. Ac(x)uNing ty reg13tsred sodal houslng providw3 ISORP 2018 ￿date1. lkny or¢ 8130 T¥5￿￿5]bl¢ for s&ftgu&rding the as5eLs of thc Th￿t aDd helyx for ts&ing t¢¥sonable steps for lh¢ p¥everAtion and ¢J¢te¢tionof fraud a￿d0￿¢r irreguI8fitt¢s. By ordu of th¢Tnwkw'. I f/q, Tru8 G. Old Page 12 THE FINCHLEY CHARITIES REPORT OF THE INDEPENDENT ALIDITOILS TO THE TRUSTETrS OF THE FINCIILEY c￿￿k[￿Es for the I'¢8r Ended 31 March 2025 Opinion We have aLulitrd the r]nartidt statements of The Fi￿h1¢Y Chwiti¢s (th¢'¢lwity'l for th¢ y¢wr ended 31 Marth 2025 thich comprise the Statement of Comprehensive In¢om4 the Statemeni of fin8nci81 Positioty the Stakment of C￿h FIDW5 aThd note5 to the fjnanciai statctnents, including a summary of sigtLifJ¢ant axounting policie5. The F￿ancIal re￿Inillg framework that has been applied in their prepwation is 4)plitable law Urttted Kingdom Acc(KJnting sta[￿arts {United Kill8dom Genet￿Y Accepted Accounting Prncticel, including Financid R¢wrbng Standard 102 'TFK FiDanciaJ ReFQrting Stand￿d appts"Lxble in the UK and Rewblic of Ireland.. In our r4)inionthc financi￿ statemu)ts.' give a true and faTr view of the state of Thc Finchiey C1wities' 31 Mwdj 2025 aTLd of Èts incoming resources aTMJ applicatiOD of resour£%s for the period thenende(L' havc k¢n properly prcpayed ll) accordance with United Kin8dtsm Get￿rallY Acceptcd Acukunting Pra¢tice, includittg Fina￿¢1￿j Rewning Standard I￿2 'The Fu￿)eLli Rep)rting startda￿ applicable irt the UK #nd Republic of Ireland and have b¢en prepared LD accordance with the requirements of dx awities Act 2011. the Housing gnd ReEeneratiett Act 21108 atkl the Acthurtting Direction for l)rivate Registered Providers of %o¢iaI Ilousittg in Engignd 2022. Baw for opilllo W¢ ¢ortdu¢ted ow a￿li1 in a¢¢ordan¢¢ with Internation￿ StatL(knrds on Awjiting (UK} IISA5 (UKII and applicab law. Our restM>nsibiiities under those stattdards are fi]rther desciibed irt the Auditors, rewsibilities fur th¢ awjii of th¢ fmanciai siatemcnts scction of our rcport. We are irld¢￿ndellt (>f the ¢hority in &cOrda[￿ with th¢ ethical r¢quir¢tn¢nt5 that aT¢ r¢l¢vant to audit of th¢ fLnallJcia] statements in the UK including the FRC'S Ethical stat￿r and we knvc fillfdied out other ethicaL respottsibiliti¢$ in a¢¢or¢Jan¢¢ with th¢s¢ r¢quirem¢nts. W¢ iKIl￿¢ that audit evid¢nc¢ w¢ haveobtsined L5 sufficietli wjd appropriate to provide a basis for OPittiOJL CoHclwlon& r¢latillg to g•ini conteTII In auditing the fit)ancial statemeDt4 we have wncluded thai the Tnjstees. usc of thc 8oiti8 ¢on¢¢m b￿1$ of A¢0)￿tillg UL IhE PT¢F4T8tionof the fmanGiaJ Stat￿Ents 15 appropriate. Bas¢d on tk work w¢ h8Vt Fwfonll¢￿ w¢ have nor i¢knlified any mat¢rial vNertainlles telatin8 to ev￿lS or conditio￿5 that. individu8Uy ot co]tectively. rttay £ast siEtiific8nt doubt on th¢ ¢hÈTity'S ability to ¢ontinu¢ as a going concern for a F¢riod of at least Iw¢lYe trLonth5 ftorn when the f￿ancIal statem¢nts are autknris¢d for issue. Our reS[X)￿Ib]IItles al￿ thE resp)nsibiliLies of th¢ dir¢ctor5 with re5P¢Ct to going concern are descritrKd iti the relevattt of this rewn. Other InfomAtlon The trustees are reswnsible for other iDfonnaltoTr The other information comprises the inforniation iAC]u&d in Ibe Annual Rep)0 other ihgn ihe f￿arKi￿ ststemeots and our R¥tKTrTI of thE Inde￿[￿l4)lA￿j]19rsth￿Oll. l)ur opiftion on the financi￿ statements ttot wver the other itifDnDatiOn 8rf ex¢¢pl to ts ¢x¢¢ni oth¢nvis¢ ¢xplioitly stat¢d in OUT T¢￿t¥ we dts not¢xprr5s any fo￿ ot'assurgnc¢ ¢onclusion theT¢On. In totsnection with our auditof the finan¢ib] stattm¢nts, ow T￿po￿57b11ity 15 to tcad the othcr infonnation gnd. doing 50, consider whelher the other infonnation is m*eria]Iy inc4)I￿ls*￿t with the rtllall¢id statements ot out knowled8e obtAll*d in the audit or otherwise apr*brs tt) b¢ materialty mi$5tst¢d. Ifw¢ identify Such material illwnsistencies or aprAJent tnaterial misstatemenrs, we are reqUI￿d to detemiine whether this Bives ri%e io a m&*ri Tni%%tatement in the finbtscial 8tstements t￿￿SelV¢s. If, on th¢ work w¢ have rKrI0nne￿ we conclude that th¢Te is a material mi&siakment of this other Informatio￿ we are requiRd th report that f￿. We havettoibirt8 to rewrt in thi8 reB8rd Pag¢ 13 iItE Fll¥CHLEY CHARMF REPORT OF THE INI)F.PFNI)F.wr AUDITORS TO THE TRUSIEES OF THE FINCHLEY tODtirtued fov the Ytar EDdtd 31 ￿rth 2025 Matter¥ o• whifh w¢ are required to ￿pOrt by C￿epIN)￿ In rhe li8ht of thc knowlcdge and underthditlg of the ctsity and its envitOLullcnt obtairKd intk COUTse of thc audi( w¢ idrlltir￿ ma*rial tDLsyLit￿cnts in the Rewrt of the T￿￿￿. W¢ hAve nothing to repDrt in res￿1 of Ihe Following ]natter5 whErE chariti￿ Ath 2DI I thE H(KLsing RegcttralioD Aa 2ty)8 rquirts u5 to ￿portfO you if, inouropinion.. adequ&te aEcounting recotds have Ml F*eth kept or rtturns *uale fiK I)UT audit have IxetL ￿e1Ved fmm branche8 visitrd by us" or the fiR￿Cial staternents arE ]Mrt in agreetnent with the accounting tecorth return& or (%rtain di5closur¢5 o[trust￿$, T¢TQUWdtion s￿]r￿a by law aTE tLOt m8dE,' or we have not receiv￿ all the infoymation and expl8nations we wire for th]dit. R¢wwibilitirs of trwkcy A5 explained more fully in th¢ Stht¢rueTJI OrTh5￿ Respon51bilitie4 the Truae¢s gre re5wn5Th1 le for the prepa￿tion of th¢ firwKiHI 3tate]llEnts which give a true 8rtd 18ir view. and for such internal tonlml as the Trustees deterrninE is nece8sary to enable the pr¢toration of fLTwJGiai sta*ttLents that free frott2 ma*ria] ULi55tatemenL whether due lo frwd or¢Tror. In Pry#T￿g the fjnartcial stsiements. the TnL8*es Tesponsible for assessin8 the Finchley ch￿ltieS, 8EiJity to tinue as & going (x>nLert4 di5¢]osin& as appli£able, matlers rela￿d to going wtlcem usin¥ th¥ going concern b8sis of *¢¢ouniift8 unless Ihe TnLStees either intend ￿ liquidate the cherity or to Ce￿ oFrations. or have no ￿￿istiC 4lieTnative to do 9). Our reJpon$ibilitie• for th¢ audit of th¢ fin*A¢ixl st•tem¢nl• objectives are to obtatij Teawn8ble &s$utart¢e alx>ut wlRther the f￿￿etaI statements as a whole are r]te fiwi maleiia] mL55tat¢tu¢nL wtther duE to frHud or ¢Tror, th to issue a R¢￿rt of th¢ Ind¢tKtHknt Auditors that ujclud¢5 our epitiion. Reth)nable ￿r￿j]Ce is a higb level of assurance. but is not a guaxantee that audit conduthed in 8c¢ordanc¢ wilh ISA5 {UK) will ajways detect FA Jllatcrial mi5ststetnBnt when it exists. Mi$51atettLents ran fro froud or emr end ate LX)nshdetEd material if. individually or in the ag￿egate. they could It￿nablY ￿ ex￿t￿ ai infiuetKe the econornic dcci5iOlls of user5 tsken on the basis of th25c fu]ancial ststcment5. Thc extentlo which our prn£edures arc capable of detecting irreguJaritÉe4 including fraud is detsilcd F£iow: We obtai￿1 on undcrstanth8 of the le8ai and regulatory frameworks th* aTC applicable to the charTrty 3J]d detcrniined that the most significant are those covered by the HousiDg and Rege0cr￿1On Act 2(K)& tk Accounting Dircction for Private Registeted Pioviders of Social Housin8 2022, the Statement of kecotDmended Prxtice for Charitics (SORP 20I9} ard the Charities Act 201 l. We &￿sSed the risk of materia] misstatement ill respect of fraud hy maklljg enquiries of marta8tmettt attd tru8tees and by testitig the imp]ementstion of a¢£oullting tontrojs in pLat Ilaged on tht re￿11$ of our risk *8scssm¢nt wc dcsigned our audit procedur¢s to identify nDn.compliance with sllch laws aDd rcgulation8 L(kntifLed above by making ¢nquirie5 with key personnel and r¢viewing relevant (*JcumematiOD $wh &8 minutes of Tr￿%￿¢ mcctinEs and corr¢sp)txlcncc regulatory bDdics. Wc cons1th￿d thc risk of fraud througb manag¢ment ov¢irid¢ by iucorF¥ntion tcslulg of journaj ¢ntri¢s and r¢vi¢wing 9￿Y requ￿¢ments to meel p¢rfomLancc ta￿1$. W¢ also Lx)nsidered. and tested for. the rx)ssibility of unauilM)ii5cd p&yment$ to rel*d paitic$. A fwtrr descrirnion of ourresponsibilitits for the audit of the fin8nci&l statements is IrKated ffl the Fllwicial R¢porting Cow￿l1,S w¢bsit¢ at www.frG.org.uk/ayditor5r¢5pon5ibiliti¢5. This dvwiption fonDs p&tof OUT Rwortof thc Inde￿ident Auditors. Pa8e 14 IHE FINCHLEY CILIRITtFS REPORT OF THE INDF.PF.NDFJ4T AUDITORS TO THE TRIISTELS OF THE ￿￿¥cHLEy C￿*R[￿Es ¢onttnued f•r tht Ye*r Ettded 31 Martb 2025 Use of our report Tbi5 ￿port is ]nth sole]y to The FiTKhley Charities. Tru8tees. & a body. ill ac￿rda￿L% with Section 144 of the arities Act 2011 8t￿ rc8ulations tnade under Section 154 of thot Aet and wtion 137 of the HO￿Sing and Re8enethon Art 2008. Our 2udii wDrk has Ixen undettaken that we might sraie ￿ the charitys Irustees those matters we are T¢quir¢d to State to thcm in an a￿]it018. irixirt ar￿ for rv) other PU￿)se..fO the fullcst extent p¢rmitted by law, w¢ do not a¢cept or ￿sume resEx)nsibility ro anyone other than The Finchiey Chariiies and The Fitic arities. Ttvstees as alx)dy. for our audJ"twork, for thisrcporL or forthe opitlions we h#v¢ forn￿& indley Bst A {Senior StaDJw A￿li￿rI for and on Ixhalf of Brindky Milkn Ltd Chartered Accountants atd Statutory Audito Ell￿ble to L% an s￿lI0T in termy of Section 1212 of the CoLnpaDiesAct2006 167 lurncrs Hill Cheshullt H¢rtford5hir¢ EN8 9BH Date.. P4R¢ 15 rFIK FINCHLEY C7IARrriL AI'LMLNr OMPREHE 'SIV Dr the Ye r E•ded 31 M#rtk2025 NC Uttr¢8trlt*d Dewatthl Rethctyl r•Dds ds fttrt 24 Tot41 INCOMT FROM HOIJSING Note s{KiaibD￿llW lettiD8& op¢TWiTgtKwditt￿t HOUSING AcfivITY SURPLUS 3 2.083,515 306,822} 2.083,515 2.306,8221 223,307 1.933.538 l 882 877} Profit onjth ofinvethls 755.487 78.1 755.487 93.132 42282 87.584 14.350 237,iW8 179.7311 120 237.048 179.7Jll 20,114 (21.6231 231A20 (&2,543) 1,675 IDtues1 pay4bI¢ 19,994 121,623) 17,5YI 986 830 265 817 i•llrylhS Délor¢ rov8ti•uoo 8Aitslfj¢MI o* lrtvutmellts #md tran8ferJ 750*01 11721 16JJ23 316A78 N¢tr¢vaiuN(ion Wi￿(10¥S) oo VestM￿ts {641.3￿) 1641 )￿21 214954 12 550 Surplufftflclt} rorth¢ yMr before rtvaliitltsll 0[r￿e￿ 107J03 (550) 14,778 14131 $31832 sVRPLUFJ￿￿Flcrn FOR THE YKAR 107J03 (5501 13 048 2$ 3 836,413 13 156 128 3035 63 1£778 215568 17 100206 230.J46 17J22 121131 $31032 16 S68 774 RH¢rvu bron¥h¢ forw•rd c•rrl¢d (on¥ird ThBFittrN¢y tharitsknwvth¢rrwDts¢dgalnsor losxJ0thwth￿ rhernults forttseyHr¥ seti)ILtRIx All th¢ ￿Viti￿ofThC Fin¢￿¢Y ClJJritEesar¢cthrtilluuw. APpM￿l&￿d AuthoriyA for L¥s￿bY thvTxu5tttsoJt -G.OM Th¢ notrs PW5 19 to29 fofftnport of tbwfjllwi•I X&WllL9. Pw16 THE FINCIILlY CtIARmE8 STAT£MFNTOF FtNANCIALPOSITION As 8tJJ Mirch 2025 2025 2024 Note F￿￿D ASSBTS 7A 12J95.16E 450,000 13.898 12.484.656 450,fA)O 8.506 Fuej Ailoth￿tt￿ Offlce equiptrtt 11862.059 12.943.162 450.000 7¢ 450.IXIO 6.408.123 L86.574 6.416.469 8b 6.594.697 6,576,631 19.90A756 19.969.793 CURRENT ASSETS DebtDrs CHsh *boMkgJJd ID hgjjd r2,667 303.530 176.197 70.617 273.634 344251 CREDrroRS: AtthOY]ktsThlln8 d withh olle ye*r 73.474 338.832 NKTeukRKTr￿(L1ABlIJtIE8) 102.T23 5.419 T(yfAL AS8ETS LWSS CUKRirrr LIABILrriLg 20.009,479 19.975212 CREDITORS: Nvdtidneafttr tbAM olle year io .787,1421 .875.0061 NrrASSEIB 17222 337 17 100,206 RESERVES 12n3 10.675.088 1,621,632 859.408 13,156,128 3,835,863 23D 346 17222.337 9,925.793 1,621,632 1.500.8(KI 13,048.225 3,836.413 215568 17,100 2rt6 Propurty reV#￿￿tIOn Approvrd ¥thd athrtsed for135￿ tythcTnth ort G. Old Thcnote5 onpBp 19 to 29 fomipffjof tts6y¢ St￿4￿¢￿tr. 17 THL, FIN HLKY HAR￿] 2025 Net ¢tsb optsatitt8 a¢tivitses 98,154 352,118 C*th ntywa from fiDandNg a¢tlYlli¢$: MonEag¢ ¢ppithi mov¢m¢nt Interest paid on mort8a8e 135.9851 ,731 133.7031 815431 ¢ash flow from fmHn¢iD84rfiViti¢s 115.7161 111&2461 C*9h tToiv8 iDv¢Jting •¢tiviti¢s Pllrcba￿ of tangible tixed ass¢ts Pur￿￿￿ ofotherPPE Purdwe Df investm￿ts lshartsl Pr￿e£d5 of itiVCSttllCDts1sb¥ml Investm￿¢ propu¢y iticomt lThvesim¢m in¢orne {J64.1291 110,5891 (2.1)64,2481 3,119.957 93.132 199,747 1333.674) (7,170) {891.7ll} 800.441 87,584 194.914 ￿tt<￿& tloiv used ID artlvltles 73870 N¢tlDtrus￿(detr¢￿se) t*sb tqlllvthth perl•d 56.308 8&336 Cosb and eash ¢qtylvol¢ats At be¢lRAln8 of th¢ r¢portl•¢ pttlod 433.796 347,460 and ¢4Jh ¢qulwwl¢nts Al e•d of the r¢pDrtSDg perfod If4ot¢ IS) 490,104 434796 RECOP4CILIATION OF NET INCOMEI EXPENDtTURE ET W FROM OPERATI Net Lllto]tyr brfort r¢v*lu*ttOll 8*illS M ittv¢stll*llts Adj￿*￿¢0￿ for. ikpr¢¢iallon ¢hore¢s Los8 QD disw501 of fjxeil oss¢ts Write otTcapit3J development AmDTttsationof GraDt Iulesttllellt ptopErty re¢ei¥ed Ittsrtst payable Ittvestmeni into￿¢ re¢¢ived int¢r¢5¢ rcc¢iv¢d rofitykn on sa]¢ of irl￿St￿lS￿lreS) tkcreas£lllnct¢asel in debii)rs (less aGcrued investrnent inc4Jmc) lDeu¢8sellI￿r¢•s¢ irl crethrors (less JllOrtgH￿ d¢fW¢dgoV¢rnDK￿ gTaDts and ¢Apiial ¢ttdiiorsl 763523 316.478 358.908 16,480 25.303 1fj4.5991 193,1321 79.731 (233.1391 357.(￿0 33.537 (64.5991 187.5141 11543 1228,9351 1755,4871 (1.￿6) (41282) 116.423) 2,492 2,323 N•1 ¢￿h pr•vld¢d op•r8dngA¢llvld•$ 98,154 351118 P88e 18 HLEY C P40TES TO THE FINANCIAL STAIEMENrs r tht l'ear Endtd 31 L¥S*rth 21)2 PRINCIPAL ACCOiJ74TING POLICILS L£gal 5t*tui Finchky Ctwiti¢5 L5 4 r¢gi5t¢rcd ch￿lty (Registered Number 206621) aftd is reBistered with the Re¥ulawr of SoLia] HLNJsing {fonDerly Hot)J¢S Attd coMm￿lI1e8 Agenryl ga a Privat¢ Regi5t¢r¢d Ptvvidrr of Social Housing {R¢gist¢red Numbcr A01851 and thc A]mshou5c Awciation IRe82Sttred Number 911. Tr ￿giSl¢red office is 41a Wijmot Close, Ea81 Finchl¢y. ￿t￿JO￿N2 8HP. Atcountillg Conven(hJA The f￿￿¢tal sts*menis bwve been PTyred io &ctordw¢ with oppJic8ble 8¢¢ounting standards ijjcluding FRS 102, the Fin1￿Cl￿ Rep)rting st￿dard applicable in the UK and Republic of Ircian and the Statwllenl uf Pradic¢ for rrgist¢red sori81 howing provid¢rs (SOF￿ 2018 updat¢). Tht principal ￿liv]¢Y of Tr Finchiey Ciiariiies is ￿ provin r￿t of any voids Hmortis apital grants frotn Local Authorities. The Housing Corporation s￿] the GLA and ¢1￿11&ble donatiOL8 me￿red at value of the e(JnsideTation received or reiYisptibl¢. Fixed A$*ts. Housillg Propertits Attd Compomtrtt Atcounting Ho￿lti8 Properties held 10 pmide a social bBncfJt are ststed at LX)%t I¢s5 aC￿vIa￿d dEry¢ciati¢)n d imp￿￿ent los%& The Finchley Ch8r21ies caicula*s depreci&itin by llnpiemeniittg compoT*nt accounrin8. Esiimatcd fi8iwes have beetl Lsed wheTC due to the elap52 of time or the di5prowrlionat¢ ¢0St of as￿rtaining th¢ figw¢4 it ha5 not trK¢n ￿sSIble to gth acbjai infrjrmalioth. This means th deprcciation is ch￿8¢d ba￿d on tbt eslill￿tcd ￿ful life of each comwnBnt within tk ljousing PTQFthi¢5 as follows.. StrucDJre Roofs Windows and Dooys Lifts Plumbing Ele¢tric$ Bathrooms KitL"hens Fleating Careline & saftty systems Exkmal structures 100 years 60 y¢ar$ 30 years 30 years 30 years 311 yc*$ 20 >ears and 30 yeats 20 y¢aTS 20 years IQ y¥aTS ond 20 y¢ors 20 years 20 years 10 ye￿5 Offi Comm￿la1 IIail Page 19 1HE FIf*CHLEY CHARrri NOTES TO THE FINANCIAL STATEMLYTS for the I. l M rcb202 Flxfd Awts. HousinE Prup¢rtl¥ and Cojhpothetht A¢¢ouTrtityg l¢otht'dl HousinB stock under conslnJclior4 together with intucst on mortBa8e are capitalis¢d bu¢ not dweci&ted until the I￿o￿rtY is occupie(L Int¢T¢51 i5 c8Pitali￿ in fLx¢d 05S¢t Ik)ustnE prorErtie$ iy 10 tk dale of cornpl¢lion of capital works on each sthcrne. Tk inmt is either on F*JTrowings specifJc8lly or on ne¢ borrowing5 kn th¢ ¢X￿￿ th* th¢y Hr¢ d*rn¢d to b¢ f￿￿Tr¢In8 a thtllc. Offic¢ ¢quIp￿nI 15 tsp￿10t¢d at the Tat¢ of 25%on cosiFr 8mnLml. Soti*l Houslng Gnnt Government 8r8nts illclu(k grants recgivoble from th¢ lo¢a] ￿th￿itt¢& and govemmen¢ organisati¢)ns. Government grants r¢ceived for housing propcrtie5 arc tyeata as (kf¢￿ed incotne and r￿0g￿l￿d in itKom¢ from housing over the estimated Usef￿ jife of the bousing pro￿rtY comrM)tteDts. under th¢ accrual Tnodel. Grants Ihje from governmcntQTgauisations OT T￿cIv¢￿ in advance ￿clUded a5 CUTT¢nt li4biIilK5. Impairrnenl At each Siatement of Finanaal Position date. ho￿81n8 8¢F*mes are delernithe if there ate indicRtors that the schEllK may bE impaired in value., if there are th ￿dicatorS of llnP￿rn￿L then a LiTrmpari80Th of the s¢hell￿.s caThying va]ue compared to its recoverable amounL is undertakeTr Any ¢5s over the recoverable am(MLnl is recogThised as an imFQirn)¢nt loss and ctwg¢d 85 CKFnditUT¢ in tk Stalement of Comprehensive tncome.. the Lwryillg v81ue is red￿ 4wprl￿Iy. InvutmeDts Investsnents are met%ured initialty at cost and 5llbsequently at fair value (their ]narket val￿) va]ued 4t market value at the Stat¢mgnt of Financial Position date. The Sthremeni of Cornprehensive Income includes tht net gaitts and losses arising on reV￿￿tiOnS anddis]x¥3als throu8knutthB year. InvLthent wJtknie8 are included fft the 8tstetnctst of Fir￿Kittl Po$itiOrt at fair value. The [￿t r¢valuation wa5 Juty 2018 ¢wr]¢d out by Lambert Chart¢red Surv¢yors. R¢vaiuatioTh suTpluse8 arNJ deficits arc Tt¢ognixd &8 w of thc Statemeth of Comprehensive InL¥)m Fu¢1 Lwnd Allotthtnts This proFeny came urLd¢r tl* jurisdiction of The Fillch]ey Clwiiies in 1892 and laid out I 13 Iloknet)ts. lThe iticome from the holders w&% L%ed to Ixjy cfjal for IM￿r wple and pens10t￿$. It iakr W45 ug¢d for fi￿] vouchcrs for Finthl¢y Old Pwpl¢'5 W¢lfaT¢. II 15 novi it￿Orporated in th¢ lat¢st sthetne of 2011 to reft*d ollt to tt]lotmertts htslder5 wTrN) fall in the area of benefit. The ptom has bEcn treated as 8 p¢rnwrfnt ¢ndowm¢nt of The Finchley Ch￿IlleS. li h¥s Fxen revalu￿1 by Lambert Chthered Surveyors in July 2018. The Finchley Charities cojkributts to industri￿ 5¢1rm¢ for ¢mploy￿S l(kfincd contrjliution scheme). I'he ￿Sets of the scheme are held sepayalely from those of The Fittd)ley Ch8rities. The a[￿￿al contributiOll5 Fayable are ckn8ed to the StstettLent of Comprhensive ITKOm¢. IknB Trinchley Charities h&8 no tx)tentia] liability other thart for Ihe paymentof tknse o)nlributions. Debtors Debtoi$ are amounts owed to Tbe FincEdey CharitiC5 and aTe iDcludcd at their Eecovcftbk amoullt. Debtors ai80 incluth prcpaymeDts where payment h&% ￿en made in advance of receipt of the S￿dS or Pa8e 20 E FThCHLEY CIt4RITIF NOTES TO TtIF. ￿ ANC.IAI. sfATF.MF.pirs for ihe I'e8r Ended 31 Mar¢h 2025 tontin Cash Y4t and in katyj sh at Bthk and in hand is held to meet short term c05t committllent5 os they fjll duv and i￿1￿1¢5 all c&8h equivojents ￿]d in the liquid inv¢5mi¢nts. Creditors A liability is an amount to & creditor ond is rec4¥gnised as the amtsunt The Finchlty (ljtirities Anti¢ipa*S It will pay to s¢¢tk th¢ d¢bt. Cr¢ditor5 al30 itKlud¢ affjounL8 received in wjvance for go(th ajjd sctvices it provide. Optrntlttg l*#it8 RE￿a]S paid utlthr owdiing l¢a5¢5 ¢harg¢s to the Statrfftent of CoinpT¢h¢n5iv¢ ItKom¢ on a strai8ht-litt b&sis ovcr the ternj of the le&%c, iticluding where paytnents are ntst requLrtd to bc mxde on a strgigh¢-lin¢ b￿1& tg08¢ in¢oJtives ar¢ sitDil*ly spffad orl a strai8ht-lin¢ basi$ over th¢ r¢kvgJ leasc tcrms. Financial IDstrnmtnts Fingn¢iaJ gssets and fJj)w￿1aI Ik4bilitL¢$ ar¢ TeW8nis¢d in th¢ Sta¢¢tn¢tLt of FinaiLcia] Posirion 4¥hen The Finchky Charl￿S bccomts apaty to thc contraetual prDvisionsof the inStrUm￿t. Tr3de (including rents1} and other d¢btors Bnd crdirors C]￿lfI¢d as basic financiaj inslnunent5 measured at initial re￿gnIt￿)n at transaction price. Debtors and cteditoys are subsewentty [ne￿￿red at att￿rtiSed cost ￿4]ng the effccttvc lljter¢5t r* rn¢thod A provision is ¢stsblished wh¢n there is objettive evidence that The Fitichley ChaTitie8 wll noi be thle to collect all amou[￿ d]]c. Cash and equivalents YT¢ classif￿d ￿ basic fina[￿La1 instDmn¢nts 8JLd comprige cth in hand and atbat)L short-t£rm bamk deposits with att origiJJa] maiurity of thrte montlks or le&8 attd bonk overthoft$ which brt an inÈgTtsI partof the finchky CharTiies' cathmanaBetnent. loitre￿ Ee8ring baok lo￿. overthotis end other logns whi¢h ]n¢¢t th¢ uiieria 10 ix ¢l&ssifi¢d ￿ bgsi¢ fJn8nciaJ in3trurn¢nts arc initially rccordcd at ptcscnr Val￿ of Foyable to the bank, which is ordinarlly equal 10 the proceed8 rec£ived net of direct issue wsts. These Jiabiiittes are subs¢quentiy mc4sur¢d at atnortised c051, using th¢ effe¢tive intCT¢St rfjtc tnctrhod. Cy¢]ical Malnttnance Fund Th¢ Finthky ChaTiti¢s Cha￿S actu￿ costs Éncurr¢d to Ibe Statrment of Comwehensive Ill￿Me. Howcver it aims to kecp a balance irt the DesiEnated Resetve appToximalety e4uai to five titnes the budget￿ ¢ost of Work in followingyettr, adJ￿ted forone off ¢xp¢nditure. traordinary Repair Fund The FI￿￿Y Clwiti¢s ¢harg¢s ￿￿￿1 ¢osts to thc Stat¢m¢nt of CollJpr¢h¢n5LV¢ Inwm¢. Howrver, it aims to kecp a balance in the Dcsignalcd [l¢￿ty¢ approximatcly equal to five times the bud8tted a)sts of work in th¢ rollowllLgy￿, wJjustEd for on¢ off ￿￿￿diD]rE. Restrletsd RHtrves additional works on thc Akn5houses was UD¢Jerthn LD the I970'5 Ihe Charity Corllmission ir¢d £428 I￿r amum ￿ b¢ irhV¢St¢d annually fro]n 1976 10 2036 gJLd it 1$ a￿￿￿1a(¢d with Lis attachcd invcstrrLcnts so asto replatt the c8Pital. Taxation The Finchley Charities i8 reRiSt¢red with the R¢guiator of Sociil Housing h&$ ¢hariiabl¢ li I5 th¢T¢for¢ ¢￿ptfroM Jiability to t&xation on its charitsblc income Fjjd capital 8ain& Valu¢ Added T The Finch]ey Chariiies is nor registe￿d for valu¢ added r&L JL fit)ADcial star¢m¢n4 wher¢ applicabl¢ incorn¢and 25 sho￿ inclusiv¢ of VAT. Pa8e 21 THE FIWCHLEY CHARITIES NOTES TO THE PARTICiILARS OF INCOME AND LVEI¥DftirylE FROM HOUSING ACCOMMODATION 202S Tothl 2024 Tot*1 JDcome from hous5ng ma￿1£[￿￿¢ ¢baTg¢s- HovsiDg for old¢rrKopk tKss'. Losse5 from voids 2,D27,738 {8,822} 64.599 2,083,JlJ 1.878,519 19,580) 64,599 1.933,538 Totsl income from howing Expondithftoth hoiilttg*ttlvltk4 Setwices ManaEem¢nt Rouiir* mainitt)anc¢ CyclicBI M&in*nBnce Fwml Housing Properties depreci￿]0￿ Lo55 on di$p0581 of cotllwnent$ Bad debts& PTPViliOn Ihher costs Total 1X￿￿OI1￿re0ll bou*ln8 151719 137,871 132,178 145.131 454,273 353,245 33.537 325 62fi317 1,882.877 219,222 631,250 353,711 l6,480 48,683 741,612 2.306,822 OFratlng sllrpl 223,307 50,661 Number ofunits At l April 2024 Addition duringthe )¢ar At31 Morcb 2025 lall managed and owned) 172 172 172 HOUSING ACTIVITY SiIRPLUS The 0￿￿tIngsUrp]￿S 14 ststcd arter chaTgin 2r125 2024 Depyeciaiion ss on di8POsal of compollents Grafti amortLsaiLon 35&￿8 16.480 164,5991 7,820 357,060 33.537 164.599 6.540 INTEREST RECTWABLE AND SIMILAR INCOME 2&2S 2024 lThvestmtnt ffttome IntereA from cadl &po*ti Other itt¢ome 233.139 143 3,766 237,048 22&935 1485 231,420 lThvcsttnent incomtr itsclud£5 £33.268 accumuJateddiYidencL%{2024.. £3I.4561 attd acenjed intetest of £2,78612024- £2.662}. Ptg¢22 Fif4 LEY TIE NOTES TO THE FINANCIAL STATEMENTS STAFF The aver4e nullthrof staff wloyfy1 byth¢ Charity durinz the fill￿1&i peritsdw#J.' 2025 21n4 Sh¢ltered Housing Offi¢¢r& 14 2025 2024 Wages & sabJitS Social costs P¢nsion wy¢s 462,186 39.087 17,846 519 119 427,6 31,187 14.044 Th¢ k¢y manag¢ment per50nn¢l lexGluding th¢TTUSt¢es1 is th¢ Chi¢f Ex¢cutive whos¢ remunernion forthe y#T ¢nded 31 Mtsrch 2025 was £103.450 in£luding £9.895 cmploye¢s NI and £8505 employer's pension (mtributions12024- £105205 in¢luding£8,62l ¢mploytrs NI gnd £7.425 ￿ployer'S pension Cot￿lbUll0ll). The Chi¢f Ex¢rutiv¢ is ￿ ordinory m¢mb¢rof th¢d¢fine4J contrib￿10n pension scheme with pension arrangem¢nts whi¢h arc similarto of Trther.staff. The numberof en)ployeesMthose emoluments exceed￿ £60.QOO forthey¢w wds.. 2112S 2024 £60,000. £7Q( £70.001 . £80.(KK £80,001- £90,( TRANSACtIoiys wtTH TRUSTEES Non¢ orth¢ Tru5k¢s r¢L¥1V￿ any ¢tnoluments fortheir5erric￿ Expenses for travel and *leCoJJ￿Utsl￿ts0tt totslling £198 were reimbursed thiringtheperiod (2024: £nill. Marty of the Tntstees are involva with Churchesand ￿￿eT ￿lti45 in th¢are4 som¢ ofwhom T¢ceived financial help th[￿gh the R¢lief in N¢ed programm¢. Whert ¢4)nsidering making donations, Trnstees with ￿Y irttttest declare that irtT¢T¢St ottd •bst8Én from these decision8. These o¢tions ere recorded in th¢ mittut¢$ ot'TftLSt¢¢5 ￿ettIn&S. Other tI￿l the above th)tteof theTruSt￿sha5 aDy illtere5t in any wntrarts ￿thThe Finchley ChHritie& Pw23 TH CH £8 TO FiNATr4CJAL sfATB, Jl.M*rth2O11 FIXEDA&SUTS Freeho Prwrde Equipmwl Tow 2025 eOSTIVALLAliof4 At IApttl 2024 AdthtiUDS T[F￿sfEr lo I&E AL-Wiyieoff DJT05pJ5 Transfer 15.697.738 30JS 25J03 5.000 (25,3031 39.282 10.589 15.762J23 319.588 125,3031 158.8951 31 Mvrh2025 15.942.842 5.000 49.871 15.997,713 DEPRECIATION Ai IAprll 2024 3,238J85 30.776 5,197 3,269.161 358,908 142.415) 3.585.654 (42.4151 3,J49,681 Al 31 Mwh2025 35.973 Ntr B(X)K VALUE Al JI March2025 Il393,16l J,000 13,898 12,412.059 At 31 m￿2024 12459 353 25 JO3 8,506 11493.l62 Adthtions llLthcyc4r indlldec0m￿it1¢￿Iti￿LI of £3WJg99ofwbKh£lQ.790w&s iniTrJrt(W512024." £376.6J4 Dfmljirh £65,920 ￿dUded ￿ ¢zEdit￿S). b) Fttel land Allothents Thi5pmpety Is a pum8￿[endo￿rn¢0fthe Chsrity aDdi53howi ￿ a fLrycd ￿5¢t with ￿￿ori￿aL c05t. ThuE 15 ffonj theAlloto)cnts amouDtinB tu£14,39012024.. £I3.5201 which is U￿d￿VardS th¢thaiioDsmth UlltsthER¢l]¢l￿N4¢d obJ¢¢Ti*¢. Tr¢w¢*rty igincluded in theSla*MentofFin8￿1￿l Position Qt Trjalwtion of £450,00012024. £450,(rfX>} ¢1 IDVe*tsthÈ*ts- Pmperty CwTtNt val￿111￿n CUr￿￿t Ann¥il Rellt Propewty 2024 Ten•nt Prt￿suM1 Hv•Jdillgs. 250. 174 l1i#bR TheAnn Owe￿5CC￿￿TET1In8Rolld 50.(M)O 50,th10 J c rk(a￿K￿d 400.￿0 Ale IJK 450,MO 30,474 1.973 450,fM)O 1.973 Pw24 THE FINCHLEY CHAIUTIES NOTES TO THE FINANCtAL STATEMENTS for th Y¢ar F￿ded JI March MI25 totrti•ued INVESTMENTS- SHARES B2lan¢c at l Awij 2024 AdditioDS {including £33,268 auwnul*¢d ¢Jividffjd5) Disw5a13 N¢t unTealis¢d 1th88 ¢)nrev8Lufttiott 6.41fi469 2.W,516 (2,364,470) {fAI.3921 Bal*rt¢e at31 Ma￿￿2025 Cgst M*rketvalll• 2025 1014 2025 21Tr24 Funds manwdby.. Rathbon¢s . Inv￿1￿¢￿￿ . M&G awifijnd 3.588,214 1,805,932 16,588 182,473 2.925,655 1,847,584 16,588 169,566 4.959.39J 3.608.831 2.006,322 410,731 381238 6,408.122 3.655.640 1.979.442 359,405 421,982 6.416.469 COIF M&0 Chariiy Multi Asset Fund 8b. I•vtttmeDt- Cash 18 .57 DEBTORS: Dry• within ow7¥*r 2025 Rent atrtars i￿. bud det*PTOViSiOft J3.B65 {5,(X)Q) 28.865 43.802 72,667 29.439 {5,000) 24.439 4fi178 70,617 Ple￿>Th￿ts a￿] Oth¢r d¢i*or5 io. CREDITORS.. AThouats f4lling tlue within on¢ year 202S 2024 Cre4Jitors PAYEINt Other ¢t¢dilots D¢f¢rr¢d gov¢rDmetst grattt (Note I l) 71399 11.162 84,T29 64,599 40,585 273,474 86,832 10.6J3 123,463 6¢,599 53.305 138,8J2 cRED￿oRS. falllttg dxt after one year 2025 2024 Dcf¢rr¢d gov¢rrlln¢J)t kr8ntiNot¢ 111 Mortgaxe 2-5 yw8 More 5 y¢at5 1,728,796 192,143 866.203 Z.787,142 1,793 J95 227,842 853.769 1,875,006 Thc rn0rtg￿ is ￿y￿b]E in tnonthly in5ts1rn¢nts ov¢rlfj y¢ars. Th¢ aTmuaJ trttertttrate is IJ5Yo plus BEBRaJyJthc mortgage of £1,500,000 is gecuredon th¢ n¢w proF¢rty. Page 25 THE FINCHLEY C￿4RITiEs NOTES TO THE FINANC.TAT. STATLMEpirs forthe YeArEnd¢d 31 IS#rtb2025 DEFERRED GOVERNMENT GRANT TDtsI 20 Tot*1 2124 Ai l AÈxJi 2024 Amonis*ion of 8r&rt f¢rthe ypar 1.857,994 164.5991 1.922.393 (64.5991 At 31 2025 Due withiD ODe year Du¢ after orrt y¢•5 Th¢ FiD¢biry Charth rettived 80vEr￿ment￿￿ts totsllin8£4,634,238 oYutheycat5 ofwhith £2.840.843 be￿￿tage0 tvthe St*t¢tll•M of Compre1￿iV¢ [n¢￿tOda1 64.599 6 1,793,395 1,72& RESERVLS UhliESTIUCTED Fiif4DS tm'estments Prtyerty Reviluitlon Revalo*tl•D Revenryt Fund Tothl 2014 2025 Ai 31 m￿th 2023 1.285.846 1,621.632 9,617,652 l2,525,lY> 12,928,153 Year ended 31 Mlrtl 2024.. Surphjs forihc y¢arbrfQTEg￿I m)rtiYA1￿ and r¢vJluatio A&￿￿110￿ of grant. runrrtyeat Transfets betw£ellrcsNVe$ 231.359 64,599 238.359 64.599 5.183 214,954 117.0331 64.599 20,918 1471 J071 214,954 Ai 31 March 21)24 1.500.800 1.621.632 9.925,793 13.048.225 12.525.130 Ye•r trtded 31 March 2025.. Sutp]us foith¢ I￿ befor¢wDI Aluatio 686203 64.599 (1,507) 686.203 64.599 11.507) 1641.392) 13 156.128 238.359 64,599 5.183 214,954 iJ.048 Tr￿￿fer5 bcTVfftll res￿¢5 RevaillaliL 1641.3921 At JI Marth 2025 859,408 162L 632 10.675.088 DESIGNATEDFUNDS He*ltb & WeMbEI Dd Cytlit*l M*lnteiiA*te EitrJwthNary Drvthptytth¢ 2024 Totsi Ai 31 M¥th2023 47.525 399,558 l J94.941 I.IIK>,ODD 3,842,024 3.863,370 7501 Al 31 Mar¢h 2024 46,775 394,697 l J94.94l 3,831413 3,M2.024 550 3,835,863 Ai 31 MatdL 2025 46.225 394.697 7rM).o I.IOD 000 3,836,413 C£wth￿1ty, H¢alth aThdWellt¢in8 FuDdw&8 Ct¢ated by￿&T￿￿te*S forthe welibeingof rhe The Develop￿￿￿ Fmdwas¢r¢fftd by the.l'r￿tttS to ￿&￿ide for fvtutethvthvrnen Tr Cornp(m¢ntAcrvJrtins Fu￿1 was (Te￿ ￿¢0mplY the cbaoB¢wHIwsitiB li¢Bw]Dtiws IN 20II. PBE¢ 20 THE FINCHLEY C￿liUTI￿s NOTESTO TVIE FiNANC.IAI. fTATEMINI8 ror theytgr E•ded 31 Miroh20U t￿￿1￿cd 12 RVSKR￿TS leorLtfiDued) ThE CydiEai maint￿¢t Fundswovidega fimd forTOUtine wepDITS, 5knuld ftiYnthvhou5mgsloGk IxinsuffiLwI tomed Fo¢1 L•nd Alkntmtllt Rt4idtuts' reeoupment rcAplt•l txptDdliurt 20ts RLsfRICTED Totsi AI 31 MBTth2023 200,172 201.620 188,176 Y*artndedJl M*rcb2024.. lJ.S20 13,520 13.016 428 428 428 At31 M?￿h 2024 214.120 213,568 201.620 yur¢Dded31,MI￿bIQ2s.. E9.994 121.623) 1,629 14,3SO 34.344 121,6231 Z.057 13.520 EX￿1th.￿r* 428 428 At31 Mtyr¢h2O25 898 215568 13. ANALYSIS OIFASSKTSAND UABILlTJESUttlVE￿N FVNDS ￿rD￿ fundi ndb T¢141 1014 2015 Flxed #s￿￿. prvpryti¢$ 12.)98,161 Office Iquipmrnt 13.898 11398,161 13.898 12,484,656 31,368 110,146 411.632 7￿.00p 450,tM)o 6,408,123 450,( 6,416.469 853.628 3.814.941 859,408 450.(100 450.000 l86.S74 450,0 160,162 18A574 rrtJt•ucts: 72.667 210,776 72.667 303.530 70.617 2TJ.634 c￿tr￿at ballk 20.922 71.832 credi￿(s 1273,4741 1273.4741 1338,8321 Ter￿LiabilItieS 12,787,142} 12.787.142) (2,87S,0061 IQ,675,OB8 35. 230J46 1,621.632 859,408 17221337 17.100306 I& PAYMif413 TO CREDrroRS TrFJncwC]￿it￿￿d¢a￿￿s w selliewiets. wtthinjo dwVfrrfc￿l Dfitsw)irt$. PaBe 27 THL WINCHLEY C.HARiTIES NOT TO IHEFlTriAYCL4L sfATEMErm tor tILt YearLhded 31 20 tofttinued ANALYSIS 0￿ CHANGES IN DF.RT Atol ApT 2024 Othtr At 31 M#T 2025 C￿h Attd ¢•Ah t4￿1¥41t111 Cash at b8ttk& in haNI 273.034 160.16? 29.896 26.412 303.530 186,574 433,796 4YQ,104 Borrowkngy D¢bId￿ withthort¢yctT Debt th 8tl¢ron¢y¢ar 153JO51 (1,081.6111 35.985 (23,2651 23,205 140,5831 (1.058,346) 11,1349161 35.985 (1.098,931} Totsl 1701 J2•1 92393 (60802 i& STATEMENT OFCOMPREHENSIVE INCOMEFOR THECOMPARATIVE PEIUOD Unrt¥ttle¢¢d De￿at¢d Resttki¢d furL4 2024 Totsl INCOME FROM HOUSLNG SocialHousu¥ i¢ttll OpttahngeKp¢nditure HOUSINC ACTIVITY SLTrPLUS 1.933.538 1.933.53¥ (1.8K2.8771 50,661 (1.882.87T) 50.661 42,282 74.Ik64 231.420 182.5431 1.675 41282 87.584 23l.42(> (82.5431 l.675 InveStD￿nt property income l3.520 Itrterc5t pAyabte Donation5 Teceivui Donation5 ￿Y￿ble 114,6011 252297 (14.6011 26J.817 13,520 before rev*lu*tiOD g*iD OD InvulmtDts tr4D5ftra Revaluation gaiThlllo&slon inve5tmcnl$ Transfers be￿￿eD fun 302958 214,954 5.183 13J20 316478 214,954 15.611) Isffjii) 3142.024 3J36A13 428 11948 20I.620 SLRVLUS TrDR'I'HL YF,AR R¢4¢rv¢s bro*Eb¢ forw*rd liwYv¥ tgnied fonvard 531A32 16.568.774 17,100.206 12.525,130 13WJ25 17. Tr Cbarity SclKmcprovid¢s thtstth¢Fwehl¢yCknTiti¢5 wiu to CJkur¢h L*&ritit4 pruviibDgilh&s thE]￿lEs￿ r)Da￿lS1[￿NjK￿. ID 2025 to loGaiehurd￿ to £12.075 12024 £12,075). I& CAPITAL COMMtTM As ar 31 Mgr¢h 2025 Itw¢w¢tE no ￿Pi￿l¢l¥ll￿￿t￿ts (2W44." nw*l. Pag¢28 THE ARITJES E Fll¥APICIAL STATEMENTS foT the Yt*r Ended31 Ma eoDtIo 19. OPERATING LEASE COMMITMENTS At the r¢wrtUl8 end datr the charity had outstandiTh8wrtuDitttMts for fiwr¢ ￿￿1￿ul￿ paynKnts under op￿ting lew which rdi due as follows.. 2025 3.548 5.590 2024 Within oneyear Bth¢en 2 pnd 5 ye￿5 Pw?9