NQATM MEI*)RL4L HOM CITY OF LEIGESIER FW¢IALSTATEIIENTS FOR YHE YEIA ENOEO 31STMARCH 2fI6 lstsred chltltyb¢r1YSs82 R8gl$leYed SoGl•l Hou$lhg Provldw Numbor L2793 ATmshous8 As9Ot1¢J Numbir 1839
RINL HOMES TEIAE Regislgi&4 SOHSira PloyrIn10natioTh Rert of ih?Truste•s A8wrtir¥J Acccwntani'8 roport toth• Tru$t88S Ststfrn old)we# In r95mS S1£0rrt of ¢8shl10 101015 NrA05 10 th¢flnanual slDt8mAnts
Pagp I Es FLEI GPR VIDER I Th• Tru¥tso$ cornnlI1• Of M•nag•m•nt Dr M Solan MrA Nèion Ll Col JJ VOUNJ Ih G Hunt Ars L Inryam PknJBrya MrJ B•thi Mr l Mgrton Victrcwrman {Br)inted2 D•Gomber2Q24 aTMI r•¥d EO Fgbnjery 20251 Smfih (Hon AdrninMlroW. r•tir¢d 2May 20251 P•ol•olon•l •th15Qrt L8kastw ChthtyOryanl$4ti Society Icharttytinkl SKr¢I and Trewur•itoth8 Tru8tè08 R8PQrtlng xcountami AndiBwW NUYD ACnI•l1¢Y Llmftg Charteied C£rtligd Ant?l RaOn HLyA88 Ha%¥don Terrar A9hby de laZ¢uch LE65 2GN HSSC &ank p Westetby lnve6knrt Managemonl Ltd. L•¢C41y CowKlI has. tt)? in¢8etthtr NDrth MBmorid Vnm•s In 1916, boen verylnvofved In lh8 dev¢prn0lll aTrJ succ055 oltho Chwity. 11 &rJoDathaTr North *0. as Lord Mayor ol Lo95[, Inaugur•t4d Fund SInthat lime LowlwCtyGoun¢il hB4 coniiTrLd to wlsl the Chath in Ihe proviskn otprDfosslonaeybSe In the form ol ol Hours and EmergeFKy FIEpalr$.
P492 Tho Tw8£6 and Commlllee of Managetnerf ment thdrTQP¢rt iog0lhor th Ihafinarri¥ slatom•its ol thè Ch4thy fortho yg8rwhdAd Jl 2025. Th•finund 51atwDqntg hpv• bg8n pr8FArod In Rcc¢Nrto the a¢countlng pthcios 8th out on pw¢ io andcomply ilh the Tiust Dged aNJ L. Thg Chartty 18 corllUtO undtsr aTN¥t 22 Fetrfuary 2(M)7 as amerthd bya Sclwe Dated 8 Jyty 2019, arA is reglgtmad ¢hityNts 215582. The Ch•Yiiy 15 0 aRegM•red So& HDu$lng Prowd No L2793. Th• Ch&fiV$ ¢y19kn obl•waS the pwi5k)n of 56H•conlOtned hou$10rd4$d7gd£KTr ihairlafl¢s. wbo wor• duzfjns otth• Ctyot L¢ester, lolkivAng ol tho Fir81 w1& War. Sfvc• thatbrnethe qutionS h4V8 fxoadenBd, ¥11h lh• 3pyDval ol the Cttarfty Commi$$lors. W4nd1he ol ppr60n, ap8isonwho Putmanenlty physicalty disthgd and in net85$rtO drcumsiances", a wrsonln r05 circiimsiancos. kn ev Ca8• Ihe r£Sidents aNYS urf85s thFiè ate exGvplional rJrtum5tancps. Thearoa ol b8Dofi1 has b8oD exterthd Irthi Ihg Ctty DI LolLsiw. 10 70]kn Gounues ol Ldoeslw5hlre and FlUUth As a rosuY(of a d¢dine in the Mborol lanllks s9¢9 thè Chanty commenced a proBiamme 10 collvert each pr(perty 5£Kla111ats. Atiho pr85Énttirn& Ihpre are liyo hMes and ttrfiiyllats. Th•pwrty oflh9 Ohgrity Is vfsled th tho Olticlal CUsdIan ts Chli. The managemth Ihe Chwty 15 uThl8rtaken by a Q}M1tt•D ctynprfsing Ihg Trusmes thgad bylhe Treasurer SeGY&tary. Tbe Irusiees ¢onstol.. - 2 ex-utfiw TTustsO5 -3 nDminawdTru - ONJ nolmoie than7 Tru8to1& Yho Commlltge me41$ at at9U&rtfjFty 8nd ra6 aslswco Im cllic•r8 ol Ld¢ethr city in of htyJlS narogntty Boerd members arg wven an Indu¢tW)ll PAd(vthh provkles hloimation Iha sms, its on5blu1 and tin•ndd poslllon. 1(ythfjr1I1 ald)Igalion5. They aro thrduties by Ik cr of ihF MaThagemerf 8oaDS. FIMn¢WI t•vl•Y wodln¥•sknehtpolky Ai thg comfft8emont ol thg Chartty an Endovmsrt FtJThY liarfIrred and th18 rnu be rtaIn in Ftrp8iuIy. IrKthno i89•nodty ro¥snug from Iwls inYootsnii5. Incom• gllrnod IS used lo and Improvo tho propMLg$ arrtj ofoLM¥Js and any 3thpluthkJil$ trlet00 RtV8DW eSeN& Fun Tr? wwèstment 51rat4gy ts 18bed r•wlafty aTrdrJjrrenlthg pfimtsry Is kn ach¥& Incomeiwth mlNmum rith kLs1 58WroJ caw9t0. Ills thè th8 Ch8rfty Ihal freo re$w3 sIj b• nOdat ttptivn1 lo month5 tpB1tsn9 Costs %%ilhout itomo Irom Weehty MntIanC4 Ghargts IWMCI.The Tru819u$ wnsider Ihat 199etves al th l¥vel W11 en9UTe IhBt, In theoverf at a¥WWTrt iwjuthn irs IrKome. IhEy ]1 bB ablEto conllnup th Charity's rrent whlh consideration 18 glvoll to ws in vthith addluonal Income rnaY pengred. The Tw5te&s ai80 thè ne8d Ic¢ wwe5tmeni inc¢10 fflfrfany excess of ¢t9 g¥9rWN InconTro arvj have rtsolY8d to mwnialn reserves GthNclgrttD g•nernlO suth inGgme. Howwer, il b not al pr¢senl lo dptgrmlno a Itgure for Ire reseTve5 as P40rt Marnarfal Horrnes has bèen vndertthw rnaioi r8fuYts8n&mw9rtCvknkth i4 1 yel c4nEbAets. The lev91 ol re5 ill b8 kepl uThJtr viewthrOUghts yearby Ih•TM4180s. Exwaordlnary RfjpDlv Fund IEIIF) ThL5 restr1¢dfUnd 10 be lor luDj OrerAtUre projects. TrdtsIetsII b8 madg ITOM Ihg and EXPendur Accuunl. nd Irm$ pwt ol it Its¥osim8rtwrrfoliD. 11 can bg drawn UPDAkn m•el Majoritn% ol i¥)&ir as nBc•ss•ry. Thg Twsiep havo dscTellrAItO rnBkJ luther centrtbulbrts ¢0 the lund the r*ed sts.
Pao• 3 REP TEES CydSrol M•knl•n•n¢o fvnd ICM Th8 tsesiqnated lu[. iovthkh trnnsfers ave m•de trom knLyJn¢ a Eyndilure acwnL Is lo mq•i Mnnr GO8IS (tturrillg atTegLl8r Intvats. Th•tavpl olfuThJB held ID Iho HDk6d lo a proDiamm8 wIWw111 up onc8tha iefyrbkBhmeM wrks are Compte. Enttowmrt Futhd The endowmartluThl &88ets conwrbg tstine 8rndlundon ppartIeS ol North Uomorf•l 8ndA# endowmant inVlmnts. Anypthl orlDss arl¥ing trtyn revduabon or ol a686ts 1$ •d to tho 8ntkThThqntfurt •ach yeAr. COMlments Tho TrLk5te8s wed upon a malor pragramrn8 ofworky invofvinp tho replener oflho ind arKI doors to 411 KyrNÈs, improv8Ments to thè Ihem?a18NlOrKyh8rtr n88dgd and Ar6dwghJpmBnioI rwts bhJthstOD)nvert dghl ayberm Il&ts irto ttrdrOOM onBs. Th8 pro4Me ol [k8 w45 onwng throughoutlhe yp¥. V•lu•lov Mon TreBs r&j the yofr mon•y ¢1 th• operation ol the HDmaS and have14id regardlo guldanE8 froffl RwAataT Ot Social Hw#lngvth respect Its houwng prOd&r&. The t8Gommondgd vdu?for mDneylnd¢aiors SPErAi in gLida0 aro Inc90 ID ihèse a¢¢iKhiis. ThelLgement ollh• Tta8¥18 th01the knolcaitys thdonG& Ihaitho H¢me& hR8 strong profil itqrnotPthym8nt covw and Iul(lty. Th• TrUth8$t ro¥V1th state ol tho tsu1 Stod(reslI in a pknned pragramm8 ol and m¢dOmall0n. Tho VFM Lndi¢atois 11 b• lo •nsui• Ihal lh9yr)a1n ¥proprlat• k> a modemLqed alock. Tw8teEs have •MtThirdthe maiN strlllggK, tNJsinfrss 4nd pp10 r15ks th•Gh8Ftytaco8 and confirm Ihat ¥yÈi8Ms have b8fjn 8ststJtshed to enable rggLd¥roPOrts lo bo k¥4durd Bo Iht noce4Rary stops ran b• I 101+559n thes4 d5ks. Tw•leFJ' mpw8lbllMts th ¥el•llon to th• fIn¢11 st•t•monts L8w4pptscllbL#tothe ¢haMy requiros Ih0Tw$lg&s lo preparo t1nancl $taiomani$ lor &aGh fin2rf181 yearfilch 01 a bue I&vIeW ol ihg Chity3 linancK41 athl1 Ty1th9 ye•r and ol tts tinand posith aithe •nd of thè yeHr. In Prtparfno Ihgse IlnancSal slai8men15 thè Tru$M8s arb requlredlQ'. al sLiiabl• awounkng Polk oral then apply Ihn ¢on$I5t8Tr1'. bl MthojudgetriBnts and estimatss that IFwnob1a and prudent., ¢1 Sl8teweihgr wIl¢ab 4¢counliw 3iandards stslorThEnts ol rwIMqn prxU¢e havo boen lo10%sYd sthi8GIIO anydeparturediseknsed fjW&ngd in Ihg fina31 gtalements.. a dl PrepAF•lhe lityty slthrnent& ontho going C19M basis urd6ss it is inwoprfots 10 F¥e8vmg th41 thp Charfty l fjonlue in buglnes$. TheTruJtée$ are m9p1bi8 keeplry OrdS d18¢108? reasonatl£ Lcwracy, ai any limè. th& than&bSItIon ol t1 As%)Gialk)n, ffjFatlwvJ Ihem ID oDsurè Ihal Ilnandal slalaments COmFlyvAth iho Hoyslng Acl 2008 and th8 Aonn9 Thr8ctlon foi privat? regi%id provldgrs Of¥¥ houdry 2019. TI havb aen¥al r¥Bpwuny loriaww siws tosafogjard tho ass¢ts otthe AssoGi&iion and 10 prev6nl 8j cbl¥Ct fraud anr othar ryuLllles.
Pago4 ES po OF NUED YE •¥[ ol th• The Ilrwridatamonts forlhe yèÈrortr as Atuched ar sts)w an optiatiw tle15¢ft for th6 yearbecaLBe ongo prooiamm• ¢1 r8lurtrishmontwos 10 th8 homB¥ wofrf ne¢¢ssary lolha NDfih Frnes Hal the ¢1 thF Ihitytiv8 yè8Y a8a10 08dty EvangellC Frèg Church. NWIIa0n$ are on-gDingwhh Oadby Evoelcal Fr¢e Chuich reg8rrM a n8w18as•. Tr invgslment portlo4D rothjcgd inlh8 ar a$ lutYJ5 tl¥jra¥ to UDLlwtakelI$g wDrts. Tha Trusleps afeathed by Weswrfdy In¥wm8ni Man8g•m8nt Lt0tlhT8tt0 manatyn9 tho PDrtlrJkn. TheTr9r0rIaSTth th8 Twsi•esto #el a bthJ8t •¥h y¢arioiake ofthe knve5Mwnl Inc4n8 neeoed llom the InV&stmts to suppIBmentthe income rowvatrlg from houslng. TrETru5te keep thB irne5t furvjs wdw¥£viwlo engLffO suttl¢TrI r699rVO5 ar avoY2bl?to cwry outthdr le981 respon51lLe5. Th Re5eN8s Pomcy I11 r•¥l8wlurth3r0re th8 quanttm oftha r•pabB ar The Tn$ engagB Ghadty irn o agra•m8nlforraklty Jmir•sirnlion. woemy maltfteMn tIllanal managemert 8eTtha8. TheTruJt8$ lour MRnaoèment Ihe ywall h pllracnln klemori Home8 HL A nwTwsioe lohBdlhe Board h) Novopnbpr but uthfortunatdy had to 195W lorpewal reasons In Fd)ruary 2025. At tho yeaT qrKJ there wgio three ¥Bcwncig¥ onthe 8¢wdofTrusiee5. are bBSty tak•n by tho T$t810111 th¥£cals. The AthinlstratorvLks Ihe Hcthe8 aTrY reports any cowerns to thA SecrÉlary Bnd TriK4ts86. Th& Wetary ¥lsilS th• HDrTh09 ¥then nacossary. TheTrust•6$ and Managpmonl Cumm1tt80eIln lo WO towards Ihe rnntenarLG• Dt hloh iwAs of Jer¥lce and st(krds. Tho grouT ¢Crtlnue w b• gh stsnthdby"Ei¥e8n" cMPlet¥ SC•S. Noth Memorfol HoffloscDniinuest¢ its w websiica wa$ updatèd tN$ year, InfalKin ihe HDmgS. and prDsPv9 appll¢ts are atye 10 doymb LY rtyuesl ar) Wcalon lorm. nglhis yw, reshMen1 ma18?Wdj ¢arriad out oft propw05, ar in partUr, the repla¢went DI and bathrooms lo meet Ihe Mffl93 sianda¥d. Tt Truslws awweol accommoddith ond iothe $cm weig amended In JY 2019 Bh thai Ihe'Arnaof Be111. tow ol Ldcqstor6hire Ruiiand. In tho yw. th? conl11wj 10 ¥thth Oadby 8nJW¥$ton knugh cnl ¥ilh rard 10 anDing prml&s r•ce indo%¥s doors to 1 pioperb8Sto th8 ol the ppertIeS. Approval was grantsd and ihtr 011 neW1ndE atkl door5 has bEgun. Th proj8¢t lo ¢V9 ethl existing one0r9M Into 0¥bedrOOM on•$ in lh• y••rand newlK arg now hjlly 0¢cupI. The Tw¥te8$ orts adved from lime totime on fi•wdlrgciiv85 Y4711wn thé $8¢ior and h4vo made 6c¥Y0 pY8paraUons lorth•lmrlwM•nl&lon ol the •ow Sodal F&wsiw Acl 2D24. Awaab's Law and Renlw Rlyht's Bin. Noth MBmorfal Home8 ¥JOaVDWto wguveth epproate pr(dureS a adoplod rfjlevanl io th9 size of Org$•. In con5tderiDg tho Valug IOT Tru$t£es prac1• in en5urlng property COBts are onty inEurrtsd aft*f 99vW lènders are ¢blBiMd. FrthPlOTÈ, aTty In¥osimonts ary Sw1&b apww5ed. Weekty Mahitenanrg cllIbutI[H folW ¥proal guidaytt. The oroanisation ¢PBraS undgrclgarty do1hd rulBg wovktsd to al oc¢upwl¥. Apyov•d by iheTnJst8e$ and Mymon1 Gornmllloe an¢ En0d on bEhaM by." OEOq L S¢la Oaie
IALH NDEO 3 CH A¢U1nÈ rqport 10 thq Truth•$ Dn the aLklled¢wlS I rfjpon to the lius£S on arnIS1or Ihe yoor andBd 31 K4ich 2026vthh ar• setoui pw 6t0 15. Re¥o¢tlvb rn¥poMlbllll•$ ofthp Truteès and r•ponI •ecoun11 Tho Tru5toe3 ol lh• Ast£veI Hvuslng Provxler arp r9$rAsINe tor Ihe propardOn ol accourrts. andlw co48r Ihal Ihe Ster SLwial HouBiNJ Pro%lder19oxofflpI Iiom an audit. my i84ponsilItylo C¥ry Out ProCe6 doBk4ned to enab me lo rewrt my cyinkn. B•$lSotoploTh y proGthro1 n$180 of wmparing lh& aLxounts ilh the a411 rrtords kopt ty Iha R8glsiÈred HDLdw ProOrand 5ch 6roulTi&S ol IhB Olli$ of Ihe R8u¥sler8d SOCI MI810 Piovidgr as I condthied ntCtr58 lor the puwo•llhLq report. Th858PtoclLW95 pmvid& only ayduran¢e exprwed in my Opknlon aCLOL¥ts yw ended 91 MarGM 2025 In accordanrp Ihfr 8c(YJuntillg iKor¢s Keptby Ihe HegtstqrBd S£31 Houslng Pmider parnwh 13512)lal of HoygknD arwj Reg8neiAtion Ad 2W8', Onty to. Dn the ba%Ls ol Ihe inf4miaiion In Ihw ac¢owbng rwrd8'. aCcots oompw th Ihe rtyLirwn•nl$ olthe Charffjos 1 2011.. Ih? SD2ialHouskw PrOVer has sattsN8d Ihg¢ondition8 loroxernp150n Irom an the arxry loi Ihe y•ar gred 31 March 2025 spofAfjédth sethn 136131 of thg Houskn3 and A8g•ngratkn Aci 200& the accounts ciWnply)th the Fttyiromenls Df the Hou$kng and Rewerot*)n AGI 2008 and Ihg ktQUnllng recortf PYival8 reystered VOVLdgrE o15o¢ial houslng 2019. Arthww Statit Reporbng Ac¢ountsnt t10 AL¥ounlancy Llrn51ed Chart8red Certiti8d A¢countani&
Pago 6 IALH LEIC co YEAR ENDED 31ST 231.383 177,977 TURNOVER 1925,7421 1989,$811 OPWTWO COS73 1694,379) 1211.5741 OPERATWG IDEFIUTJ 16.051 25.761 13D.068 teceivabk onds1rnl InBorno (De¢r&aSen¢r05sa In value ol knvesim8rAs Tor COMPREHE14$1VE (01c1T) FOR THE YEA 1691,¥51 15&7451 ol Ihe 01 the Chanty aro t55•d as Thn1r0. TIw1knaaI&lalWnWtsw8lO approved ty thwTru&tooi Erdlhe Comffylloe ol Managemonton........ aThl are 8ignthY on ty.. oGo ialrman Da10 Date Tru5t8b nots on pa 10tD 15 iomi pthrt ol th•frffjThll1 St•t•mw
Pago 7 ORIAL H ME OFL OF QES IN YEAR D31 n¢ AI 1 WI 2023 1.468.638 904270 2,372, DolYytfTh Ihe y 155,7451 165.7451 Totsi eomprthwl¥• Imom 1.468.É98 848,525 2,317.183 Inv8mgnl revalu&ib)n Transftt ol 8XPBndibJr? from Extraotdknary R•pdr FUNJ 113.879 167.4691 1113.8791 67.469 Al 31 11or¢h 2024 and 1 P•rtl 2024 7.495,048 822.118 1317,1&3 DA11 lor Ihe yEar ie91.9451 1691.9451 Tolol Mphènfv• In¢omt 1,495,046 13O.f70 1,02&218 Invostment rqvaluaNon Transfer ol 8xpeThliiufg Translerl)frtyrnen ILthd& 116,2281 1591.7431 16,228 657,889 175,0001 166,1481 75.CQO At ¥1 Mich 2025 887.077 729,287 1.625.218 lThe on gè 1010 13 lotrn p•n allheseflnoncl 8i•in4nts
ME IAE FLEI FIXED ASSE1¥ U51ry MputarwAwr &llltlng8 742,121 825,795 217 742,338 1,013.256 826.072 IJ09,819 ¥trrS 1,75&698 2,3U.891 (XJNftEb ASSETS io 24,816 107,149 13,731 124,435 Cojh &tb•nk• In h 131.965 138.166 REDITORS.. Arnounls laUln9 ithln ¢year t2 1135.2nl 126.986] NEf CLTIREwfiLlhBIU71E8VA55Ers I3.} 111.230 TOTAL A8SEf9LESS ClIRREMfuLrnEs 1.751288 £447,121 AEDMRS.. Amounts taifing (J8 after mro Ihan onB Ja 1127.0701 1129.9581 1,625,218 2,317.1&3 AESERVES A8$11ided reaervfrs CycllrA MaT4#OWlCe Rwue ros9 16 18 f8 887.071 8.854 729,287 1.495,ode 822.115 1,625,218 2,317.183 Th098 fknoncwl gl•torwnls 8pprov2d by lh8 Tru4g¢s and Il*Commttt80 of Man49enTl ryl....... svJned on tsIF behalf by". 0(60 Chwrrnan Trnstèè Thv notr# on p•ge¥ 10 to 15 loim part ol lInAne •i•lwTrorbt5
P4tr9 1ST MAIICH 2025 14Btouh Ilow op•r•lno Gllvllle¥ 15162611 12X57SI C•6h fl•wlrom IrN•615n9 lIes RefUiShnenI of taroble fixed assets- housg kYwrti?s Paymentstc awuire ww85lrn Racopts tr¢m tsa$ oflnvasimen Inleresl I81 ISOB,794 12&0601 02,5 25.761 1118721 495,816 16,051 49&995 Nol (d•¢re&) ¢•sh and c¥h equfvalent• lJ7.2861 CaBh lhd 2qulv•l•M tht 1 4wll 2024 124,485 C•sh cash équlvijents a131 2025 107.149 12443S CAsh ¢a8h aqulvalenl% COnt ofr. Caoh ol bank 8nd h h 1Q7.149 124,4 C••h 11owfrom opwauhg icll¥ftlo5 ID•liitl IL tha year Adjustrneni$ for Mn*ash Ilorns.. Deproclavon on iang1ty8 flx8d asto 0SailO olgrants IlfjrJeas4yd8creBSO In d8blor5 IrKréa$elldrètt5fjl ryediiors 1894.379) 12t1,$741 83,734 12,8881 Ill.) 108.337 83.748 12.8881 31946 1516,281} (2WS751 Thp pEges 10 ta 15 Iorm part ¥Mtmnl•
P8gi10 91ST M ACCOUNTNQ POUeE8 Th• fdlfviry awuntirJ poTdos have beèn LL8ed cLJtst¢nI In deinglIh whlL are tewOr8d matsrfal In relati to Ihe chArit8 finanda 510m8nts. The or Hom&8 ljtyol LeWt8r wL41qred provldorof so¢1 housthg in IhB Unll ngdtsm.ThD adthe¥s ol IhE 91118 gNJn n tho Chwl¥s hlormattyynon pwa6 i ol the¥e Ghty con¥Jte8 apubl¢bgnelil asdelin8d by FRS 102. Thoflnartld tstalenKnts hm pr8pared ID a¢widanGè w5th 8ppli¢at16 aCcong staTrlar(ts IndIng Reporing 102. thg Houslro SORP 2018.. Statement ol Rrycommend8d Pr¥tic4 lur Rwsterwj Swal HO1 Pro%rydÈrs, the AoUn11r¥J Lhr8¢lbn Iw the Tthvale 1oW5teréd PTov4ders loy sacvdl ho] 2019. ThHse finaThclal slat8men18 Ar altso prppaT•d Lderthe r8quem8n15 01 tho HGugin9 R8ggne¥alkn Act 2006. The Imandal siatfftngnts haw b88n prèp3TOdon a gdng ¢Dnc8m bask undorttrtshtst0rk $1 GUnrJn. modilied loincwe ¢ortoin itgffls ai laK¥8e. Th8 llar81 slOt8ments ar¢ m8rgd in knllng, lh8 GLYf8ri¢y Dtlhe RegiswFed So& Houiing Prowdei, wvj mundod lo th¥ are$l£l. Ttssv•iflca awDfjng polcs apF4kgd In Ihepweparation vl Ihw finartcl stai8m8n15 we i•t¢xrtbdv. Th poKd¢s hav• rAxst&lenlty awhéd to 1 ypais prèsarted unlw stats Tuinovgl roprwnts rerrtal and Lge kn¢orn& r9[¢th inlhe year. Hovslnp afe 3t al cc$t Ig55 Nreurwlated IJBpreaV0n. Cosrincbde$ co# d1[llY91tr to n)kng Iho 8ss01 cBpaN• Dfoperating ¥s Intenthd 5u¢h &s th8 cost ¢1 and Wlthngs, do¥ekyn8ni Gu¥, tharGw on IoBnsduAng IhB perfr 0Xp(l1ure on irnwovements. Depraalh5n [8 Yo8d on all i•ble Ilxgd a68èts, alr0$ ¢althlatqd to wrfte off Ih9 ¢061. kn lMatsd ro8lLkMI ¥9, of gath as1 a Sy$ltmAIIGb&9i5 DVW ils excted uselul lrfe as lollDYrn'. ung propY¥trSs Re4fODfino 10 Yea slrllpaht Ine 70 yèar8 Stra1 3yeais stralgbt line 2 weduBIFy Flxtures &fifthS So¢lal h19 gi•nt •Dd oth•rgrani# Where devBWnBnts havè baen fmarKed Yknolly or p&rtfy by Slld housing and Oihèr grnnts. the amourt otlh• rellai¥ad h&¥ bepn Incl •5 dgleriod Income Yacognlsed inTumover over 11¢ esiimated vseful Ilè of Ihe as$waiod a88ti$irucwre InDI1&n. underths arAuBlJ mo. SHG recwtd tor items ol C wiitten off in thA StaiernFni ol Comprehwtsfve In¢ome A¢wl i¥ Inc1Jd as prt ol Tumo¥er. Whon eocial Hou•ing Gf ISFk31 In rOEP8¢1 offvD1ry profftS in Iha courteol ¢OrIrLOn exceAds Ihe lotal COSI lo datsol thos• Iha eX¢•SS 18 5hDwn 8$ auJrrBTht liabllty. SHG mu5tb8 i•GydthJ tytheGwup ¢mder¢8rtain coTrditsons, prowrw Is gdd. orll arnther rthanl tskes ace. In Iho¥e cases, Ih8 SHG can i u$Bd opwo¥ed by th¢ Homes 3rd Cornmun Agency Greaw LonLS>n ALthty. Howpvor, SHG May trAY810 b8 repd K ¢ertn wndibons aTe nul rn81.11 ihB grant 1$ rot Iv be recydéd or rewN4. any unomordsad grant Is rocoond as TunKvgv. ln wtainclrcumstanr. SHG may be rqpayabb. ar Ihat ev•trt, o iubNOnatod wffj8cur4d rway8bkry dthL InVem81• Siilxl alrnark vakw4¥1th any$w•J8 Mrcosi bj credhd Sl8ieTn•m of ComF¥theDsfv
Pa9A11 YHEN EMORIAL HO ES TO THE FIN EKrs ST ACCOU11G POLI¢ES Thesewmwlsa Iha end0t lund 4TrJth&exlra)rfAn&ry rwrfr. An¥$urpS ordofidl on dL$p1 tsf lh8 Inv88tments h%bJdlrB lov9&110 hobl a5 part ttltho mu51 be fran5t£rred from reuP reEeNv. ei%1 Dn the mortgag81tr4nlinawng i dg¥doprngnl is ¢apitasgd lo ol practiCalMat ola proJeu. £btOT4 ¢MthlOVB ro¢•lvabl•l payabl¢wlthln Debiots and CrlI0r$ With fi0st8ted lrtar8sI rale andrecewabl• or Payab ilhin one yerarpJ8cDidgdal trinsaciion prfee. Any loss¢¥ w$ing fiom irnpalrrnenl alè reeognitsd In the slawmfrffl dcomprehgn6fv• Ir0 heradmislratNe expense#. OFFICERS Avwage nbEr01 HonDrarfAtJSrK)thS yèw 6,152 4152 Th&tsuBt•Bsdld noi r•¢98 any r8munpraUon fjf b8n8f1 trom emrJoymvntTrhffth th8 charity. IURNOVEA Rants rebI AM0slIan olgran 211,288 2.888 176,195 2,888 214,176 179.0 li Ilossetsl trurn vo$ RI1(105Ses> Irom badéebls 14,DJ81 112,8541 214,176 181353 othArwm8- hire ofhall (Xharlrwn•. Lce gani 17.187 14,620 231.363 177.977
Page 12 OAI Yo FIN MÉPITS AEND 31ST M DI prop•rty rnan8oemeN rxl thithalive C1& 82B.974 98,788 .218 63.333 925.742 389.551 DEFlrFrhRTrt YEAR Dglhyl lortho yw1$ suèd altor¢hwYJi Roporuryo accrrfjntants r•murKrafjon 3,364 3.276 83,746 TERESTRECEIVIALE M4DSIMILAII lrt¥resl an ter aei¥JL¥tt eresi on ¢pos wfystmenl if&¥2mo 340 1.85Q 13.661 2D,786 16.051 2&761 TAXAMON North Memcnal Homp5 a Rw"s¢er9d Sor4al HOu&g ProvvJBr Walsts a A0918d (Brtty exp1 trorn taxaiion.
Paots 13 THE RN ICH rNAGIBLE FiXEO ASSETS Fr••hold houin¥ proptrrtl• ulprn•nt Ibttlnqrs To At al yoaT Adc&llons 1.5S9.128 1,744 I.2.422 At£rbJ Df 8r 1.599.128 1.744 1.602.422 D•pr•¢lMlon At bègirtnino dl yèar (arge loryear 778D33 ,674 1.744 776J50 89,734 At énd of yoar 7.007 1.744 1.833 860,081 NBt boDk At31 March 2025 742,121 217 742,338 At 81 March 2024 8&.7S5 277 826.ord XED ASSETIIIVESThENTS Equlll•B COF Tot•1 arkel &t be9 of yoar lions dt ¢061 Wllhdrawals Irom tho fund lu¥JldefiEftI on r8valuath)n 582.037 12,872 1495,81fj1 4,813 927.7B2 1.509.819 12,872 1495,816) 113,61 118,4301 lthal Valub al ètKI ol yqar 108,gC4 9,352 1.013258 The Wgstgrby wivgslm£nt h¢lud•d in Eque6 has been Ireatsd as a rnanaged lund. As a resL, th• Invosimèni ID IhB lund has dclOS•j a5 OFpowd 10 IhB dal sharehO1nDs. 10. DEBTORS R8ni affears PropayThfrnts and &¢ruod IOI1Ft 18,$86 6.230 9,643 2416 13.n1 11. AT BIHK AND IN HAND Cash in bank Cash hold th deposit 6.000 107,140 124.435
Page 74 THEN ICES TEMEN D31 12. CREDITORS: AiovKrs FUtKI DUE WITHIN ONE YE14R Tr&( IlI10 A(tsuaL4 and d8l•rred IT%X)m8 1Q4.94B 30,325 4.516 21420 13S,273 26.936 1& CREDITORS: Akioupif8 FLING DUE AFfER klQRE THAN ONE YEIII Social HoLFing Grant 127.070 129.95B 127.070 129,958 Mortgage are athpnced aUtrItieS or the Homes 8 Cotnmunthes Agency ano be Inl•re51 at apwoyjmaiely 10% w annum undartho tgrrns ol lndmthJ mortgag0 dBed5 in ie5pect of eath proporty. dD¢•S we availthe only respKt ol IM)se devebpments whth ¥8 been gvan apkwoval loi sodol 9Tafil by thg Hoffi•& & Commurll?$ Agency. I& DEFERRED CAPITALQRW At 1 Aw12024 edto Inr/E in th8 year 129.958 (2,8881 132,846 12,8881 Al 31 March 2026 127,070 129,958 ourl lo bo ie*ased < 1 yBar ourt¢Ju&to be > 1 year 2.886 127.070 124.162 127.07Q 12&958 I& HOIffiINa AGGQMMODATION NThr01 35 35
Pag•15 NORTH MVAO CITY OF LEicesT CIALSTA 11. A14lLYs OF FU14PS Al 1 April 2024 At 31 Marth lor yw hwosimonts Tr•sl Erthwm&nl fu1 Er80rdEn4ry rewrlun(J 6WJ,229 801.819 I2D2 118,4301 89&431 191,848 1591.7431 UnTrTt•d funds Cythd m•hienance 75.000 r/5,0001 8.854 729.287 822.115 (34.0561 16&8 691.945 1.625,218 Thé TruSt¢es ha¥edecklBd on an inHlal iransler DI È75.fNK) Inlo tha Cyclcal MalntenAnce fund. Th• irnnsl¥ql bo on an antw18. 17. LEQAL 8TAnis rth fr)mes is a Aegiytergd nurnb&r215502 and tho s1 HrAJ8lng Pnvld8r L2793. 18. COMMITMEln¥ Th? Trusl095 have agf8gLI upon a major priyarnrne of iDvofviw Ihe r8pLic*n&nt ol the doors
Bupropthes. Imp¥Them8 to the thgrnal el1lenCYher0 neodwj aryj a i£devdok¥nent oth¥0 0¥ ID ¢Vrt •hl ¢xislin9 ono-badroorn Ilals into fvbe¢knorn one$. The YSO$ obtsined 1101 aAlconBklgrtholtne ¢osiwll b8 awun¢ £1.23rn. on commenced In January 2023. C1 costs tothe y•Wfnl ol £B07.659 hav8bè8n in¢uryed. 819 shown as Freeho prDwty in wle & 19. WILIEM14TYINSURAIKE Th& Charty purclsed Insur• * a cosi 01 £458to Indémftrfy IhB ItU51ees and officw5 agn51 th¥e4ueGv$ ol ne9Ctor detsuh on their parf. Apwoval lor Ihis was TeG&¥Ydlrom th• Chjrity fA)mrnEsbn. VILUE FOR KEY Rèirbveslrnent % Nowsugpty ISrKW Housing Units) Ne%v Suppty (Non-soGh21 hOung units) % S1% 0% 2.7% 0% cs: Jelllc 4= Mqtr¢ S.. Metrc 6a: MothG 6b: EBDA MFII IMierÈ& Cover % Hoa(14 SociEI Houslry Go$1£ op*ng Isorad hrAJ8lw % Owating ktsrgin % Flelum on Employod% eii,130 .72.L15% .312% .257.44% -259.1% -39.49%