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||CONTENTS||
|---|---|---|
|||PAGE|
|Trustees’ report|||
|Auditors’ report|||
|Statement of financial|activities||
|Balance sheet|||
|Notes to the financial|statements|10-17|





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|||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Designated|Endowment||Funds|Funds|
||||Funds|Funds|Funds|Funds||2025|2024|
||||£|£|£|£||£|£|
|||Note||||||||
|Income<br>and|endowments|||||||||
|from:||||||||||
|Donations and|legacies|2|100|-|-|-||100|1,000|
|Investment<br>income||3|11,021|-|-|-||11,021|9,044|
|Income from Charitable||||||||||
|activities||4|409,748|-|-|23,778||433,526|404,757|
|Total<br>income|and endowments||420,869|-|-|23,778||444,647|414,801|
|Expenditure|on:|||||||||
|Charitable activities||5|269,126|-|172,353|28,509||469,988|390,536|
|Total expenditure|||269,126|-|172,353|28,509||469,988|390,536|
|Net income/(expenditure)||||||||||
|before<br>gains|on<br>investments||151,743|-|(172,353)|(4,731)||(25,341)|24,265|
|Netgain/(loss)on investments|||-|3,607|130,173|7,715||141,495|43,972|
|Net income/(expenditure)|||151,743|3,607|(42,180)|2,984||116,154|68,237|
|Transfers between Funds|||(151,452)|-|151,452|||||
|Net movement|of funds||291|3,607|109,272|2,984||116,154|68,237|
|Reconciliation|of funds|||||||||
|Total funds at|31 January 2024||435,743|36,389|843,326|347,177|=|1,662,635|1,594,398|
|Total funds at|31 January 2025||436,034|39,996|952,598|350,161||1,778,789|1,662,635|





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|||||||||||2025|||2024|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||£|£|£|£|
||||||Note|||||||||
|Fixed assets||||||||||||||
|Tangible Fixed Assets|||||10||||||800,902||836,867|
|Investments<br>at Market Value|||||11||||||1,257,471||1,115,977|
||||||||||||2,058,373||1,952,844|
|Current<br>Assets||||||||||||||
|Debtors|||||12|||||14,374||14,579||
|Cash at bank and in hand||||||||||236,837||241,870||
|||||||||||251,211||256,449||
|Creditors||||||||||||||
|Amounts falling due within one||year|||13|||||(90,096)||(80,815)||
|Net Current Assets|||||||||||161,115||175,634|
|Total Assets Less Current Liabilities|||||||||||2,219,488||2,128,478|
|Creditors||||||||||||||
|Amounts falling due in more|than one||||year 14||||||(440,699)||(465,843)|
|Net Assets|||||||||||1778,789||1,662,635|
|Funds||||||||||||||
|Unrestricted<br>funds||||||||||||||
|General fund|||||15||||||436,034||435,743|
|Designatedfunds|||||15||||||952,598||843,326|
|Restricted funds|||||15||||||39,996||36,389|
|Endowment funds|||||15||||||350,161||347,177|
||||||||||||1,778,789||1,662,635|
|Approved by the Board of Trustees|||on<br>AS<br>AE<br>Peer),|||AA|ERRE|ans|ada|and signedon their behalf by||||
|SES|||)|TRUSTEES||||||||||
|SN||||||||||||||
|The notes on pages 10 to 17 form|||Partof these|||accounts.||||||||





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|||||||||||||||2025||2024|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||£||£|
|Other||||||||||||||100||1,000|
|||||||||||||||100||1,000|
|Income|from|donations|and|legacieswas|£100|(2024:|£1,000)|of|which|£nil|(2024:|£nil)|was|attributable|to|restricted|
|funds.|||||||||||||||||





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|||||2025|2024|
|---|---|---|---|---|---|
|||||£|£|
|Dividends||- equities||3,670|3,059|
|Interest|—|fixed income securities||7,175|5,782|
|Interest|—|deposits||176|203|
|||||11,021|9,044|
|Income|from investments||was £11,021 (2024: £9,044) of which £11,021 (2024: £9,044) was attributable||to unrestricted|
|funds.||||||
|INCOME||FROM CHARITABLE||ACTIVITIES||
|||||2025|2024|
|||||£|£|
|Contribution from Residents:||||||
|Maintenance contributions||||317,819|300,083|
|Service|charges:|||||
|-<br>Home|helpservice|||5,212|5,093|
|-<br>Heating||||76,738|65,819|
|-<br>Alarm||||9,549|9,314|
|Visitors|room|||430|670|
|Social Housing Grant released||||23,778|23,778|
|||||433,526|404,757|



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||||||||||2025|2024|
|---|---|---|---|---|---|---|---|---|---|---|
||Audit Fee||||||||7,140|6,600|
||Legal and professional fees||||||||||
||Executive Officer’s salaries and secretarial|||||services|||25,017|23,573|
||Pension contributions||||||||935|744|
||||||||||33,092|30,917|
|8|COSTS OF ACTIVITIES|UNDERTAKEN||||DIRECTLY|||||
||||||||||2025|2024|
||||||||||£|£|
||Salaries||||||||48,076|45,790|
||Cyclical maintenance||||||||65,772|63,252|
||Extraordinary repairs||||||||40,257|38,682|
||Garden maintenance||||||||19,458|20,752|
||Day to day maintenance||||||||45,423|32,514|
||Heating costs||||||||76,116|59,904|
||Rates||||||||18,593|13,094|
||Residents functions and outings||||||||4,488|3,095|
||Professional fees||||||||18,741|4,724|
||Alarm system maintenance||||||||6,877|7,006|
||||||||||343,801|288,813|
|9|EMPLOYEES<br>AND TRUSTEES||||||||||
||||||||||2025|2024|
||Wages and salaries||||||||72,748|66,070|
||Social security costs||||||||||
||Pension contribution||||||||1,280|1,036|
||Total emoluments||||||||74,028|67,107|
||No employee received emoluments|||of £60,000 or|||more.||||
||The Trustees received no|remuneration|||during the year (2024: £nil).||||||
||Expensesamounting to £2,300 was|||reimbursed to three||||Trustees|for charitable expenses duringthe year (2024: £1,925).||
||The average number of employees|||was|4|(2024:|4).|Calculated|on a full time equivalent basis, analysedby function,||
||was:||||||||||
||||||||||NUMBER|NUMBER|
||Direct Charitable Expenditure||||||||3|3|
||Management and Administration||of|Charity|||||1|1|
||||||||||4|4|
||All staff are employed by the Charity||||||||||
||||||||-13 -||||





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|TANGIBLE<br>FIXED<br>ASSETS||||
|---|---|---|---|
||Freehold|Fixtures||
||Housing|Fittings €||
||Properties|Equipment|Total|
||£|£|£|
|Cost<br>or valuation||||
|At 31 January2024|1,776,411|169,299|1,945,710|
|Additions|-|-|-|
|Disposals|-|-|-|
|At 31 January2025|1,776,411|169,299|1,945,710|
|Depreciation||||
|At 31 January 2024|950,692|158,151|1,108,843|
|Charge for the year|28,509|7,456|35,965|
|Depreciation on disposal|-|-|-|
|At 31 January 2025|979,201|165,607|1,144,808|
|Net book value||||
|At 31 January2025|797,210|3,692|800,902|
|At 31 January2024|825,719|11,148|836,867|



|INVESTMENTS|||
|---|---|---|
||2025|2024|
||£|£|
|Market value at 31 January 2024|1,115,976|1,072,005|
|Net unrealised<br>investment<br>gain|141,495|43,972|
|Market value as at 31 January2025|1,257,471|1,115,977|
|Historical cost as at 31 January2025|168,435|168,435|
|UK listed investments are represented by:|||
|Investment<br>and unit trusts|1,257,471|1,115,977|





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|‘11|INVESTMENTS|(continued)|(continued)|(continued)||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Ra|||||||||||||Market|Value|
|||||||||||||2025|2024|
|.||||||||||||£|£|
||The following investment||represents more|||than|5% of|the|Portfolio valuation:|||||
||Charnico Acc Shares|||||||||||149,700|146,814|
||Charities official investment|||fund||||||||328,223|298,625|
||Charishare Acc|shares||||||||||317,368|279,221|
||Schroder investment charity|||fund||||||||347,637|288,096|
||Reconciliation|of Movement|||in Unrealised||Gains|on|Investment|Assets||||
||||||||||||||£|
||Unrealised gainsat 31 January 2024||||||||||||947,541|
||Net surplus arising on revaluations for the|||||period|||||||141,495|
||Unrealised gainsat 31 January 2025||||||||||||1,089,036|
|12|DEBTORS|||||||||||||
|||||||||||||2025|2024|
|||||||||||||£|£|
||Trade debtors|||||||||||2,600|-|
||Other debtors|||||||||||2,502|4,545|
||Prepaymentsand accrued||income|||||||||9,272|10,034|
|||||||||||||14,374|14,579|
|13|CREDITORS:|AMOUNTS|DUE||WITHIN|ONE|YEAR|||||||
|||||||||||||2025|2024|
|||||||||||||£|£|
||Trade creditors|||||||||||14,178|-|
||Pension contributions|||||||||||345|317|
||Other creditors|and accruals|||||||||||51,795|56,720|
||Deferred grant|income||||||||||23,778|23,778|
|||||||||||||90,096|80,815|
|14|CREDITORS:|AMOUNTS|DUE||AFTER MORE||THAN|ONE YEAR||||||
|||||||||||||2025|2024|
|||||||||||||£|£|
||Loan|||||||||||155,366|156,732|
||Deferred grant|income||||||||||285,333|309,111|
|||||||||||||440,699|465,843|





|15|ANALYSIS<br>OF|NET ASSETS BETWEEN|NET ASSETS BETWEEN|NET ASSETS BETWEEN|FUNDS|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||General|Restricted||Designated||Endowment|Total|||
||||||Fund|Fund||Funds||Fund|Funds|||
||||||£||£|£||£|£|||
||Tangible fixed assets||||3,692||-||-|797,210|800,902|||
||Investments||||-|39,996||1,142,929||74,546|1,257,471|||
||Current Assets||||493,556||-|(190,331)||(52,013)|251,212|||
||Current liabilities||||(61,214)||-||-|(28,883)|(90,097)|||
||Long term liabilities||||-||-||-|(440,699)|(440,699)|||
||||||436,034|39,996||952,598||350,161|1,778,789|||
|16|FUNDS|||||||||||||
||||||At|||||Revaluation|||At|
|||||31 January||Incoming||Outgoing|||of|31|January|
||||||2024|Resources||Resources||Transfers<br>investments|||2025|
||||||£||£|£||£|£||£|
||UNRESTRICTED|FUNDS||||||||||||
||General fund|||435,743||420,869||(269,126)||(151,452)|-||436,034|
||DESIGNATED|FUNDS||||||||||||
||- Extraordinary repairs||reserve|827,397|||-|(54,846)||(59,743)|130,173||842,981|
||- Cyclicalmaintenance||reserve||17,218||-|(60,691)||165,772|-||122,299|
||- Routine maintenance||reserve||(1,289)||-|(56,816)||45,423|-||(12,682)|
|||||843,326|||-|(172,353)||151,452|130,173||952,598|
||RESTRICTED<br>FUND|||||||||||||
||Sinking fund||||36,389||-|-||-|3,607||39,996|
||ENDOWMENT|FUND||||||||||||
||- Expendable|||347,177||23,778||(28,509)||-|7,715||350,161|
||TOTAL|||1,662,635||444,647||(469,988)||-|141,495|1,778,789||
||Unrestricted<br>funds comprisethose funds||||which the|trustees|are|free to use|in|accordance charitable objects.||||



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