## **FOREST HILL**
**(SHELTERED) HOUSING LIMITED**
**DIRECTORS’ REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31[ST] MARCH 2025**
**FOREST HILL (SHELTERED) HOUSING LIMITED CONTENTS**
|Company information|1|
|---|---|
|Directors’ report|2-3|
|Reporting accountant’s report|4|
|Statement of comprehensive income|5|
|Balance sheet|6-7|
|Statement of change in reserves|8|
|Statement of cash flows|9|
|Notes to the cash flow statement|10|
|Notes to the financial statements|11-17|
|_The following pages do not form part of the statutory accounts_||
|Detailed income and expenditure account|18-20|
Page 1
**FOREST HILL (SHELTERED) HOUSING LIMITED COMPANY INFORMATION FOR THE YEAR ENDED 31ST MARCH 2025**
|Directors||
|---|---|
||Mrs S M Clarke|
||Mrs M Bradbury|
||Mrs C Naylor|
||Mrs M J Pullan|
||Mrs V Saunder|
||Mrs J Brindley|
||Mrs M Middlemass|
|Secretary|Mrs F L Thornton|
|Company number|00547893 (England & Wales)|
|Charity Commission||
|Registered number|223653|
|Homes and Communities||
|Agency Registered number|LH 1020|
|Registered Office|Forest Hill|
||11 Park Crescent|
||Leeds|
||LS8 1DH|
|Reporting Accountant|Thomas Coombs Limited|
||Chartered Accountants|
||3365 The Pentagon|
||Century Way|
||Thorpe Park|
||Leeds|
||LS15 8ZB|
Page 2
**FOREST HILL (SHELTERED) HOUSING LIMITED DIRECTORS REPORT FOR THE YEAR ENDED 31ST MARCH 2025**
The directors present their report and the financial statements for the year ended 31[st] March 2025.
## **PRINCIPAL ACTIVITY**
The company’s principal activity continues to be a non-profit making charity, providing accommodation for elderly people.
## **PUBLIC BENEFIT**
In setting and reviewing our aims the Board has given careful consideration to the Charity Commission’s guidance on public benefit.
## **DIRECTORS**
The directors who served during the year were:-
Mrs S M Clarke Mrs M Bradbury Mrs G Roche (resigned 4[th] November 2024) Mrs C Naylor Mrs J Spencer (resigned 4[th] November 2024) Mrs M J Pullan Mrs S Shippey (resigned 5[th] December 2024) Mrs V Saunders
Mrs J Brindley and Mrs M Middlemass were appointed on 4[th] November 2024
Page 3
**FOREST HILL (SHELTERED) HOUSING LIMITED DIRECTORS REPORT FOR THE YEAR ENDED 31ST MARCH 2025 (continued)**
## **SMALL COMPANY RULES**
These accounts have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
This report was approved by the board on 24[th] July 2025 and signed on its behalf by:
MRS S M CLARKE
Company number 00547893 (England & Wales)
Page 4
## **FOREST HILL (SHELTERED) HOUSING LIMITED**
## **ACCOUNTANTS’ REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS OF FOREST HILL (SHELTERED) HOUSING LIMITED**
We report on the accounts of Forest Hill (Sheltered) Housing Limited for the year ended 31[st] March 2025 which are set out on pages 5 to 17.
## **Respective responsibilities of the Board of Directors and Reporting Accountants**
The Board of the Forest Hill (Sheltered) Housing Limited is responsible for the preparation of the accounts, and they consider that the Forest Hill (Sheltered) Housing Limited is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion.
## **Basis of opinion**
Our procedures consisted of comparing the accounts with the accounting records kept by the Forest Hill (Sheltered) Housing Limited, as Registered Social Housing Provider, and making such enquiries of the officers of the Forest Hill (Sheltered) Housing Limited as we considered necessary for the purposes of this report. These procedures provide the only assurance expressed in our opinion.
## **Opinion**
In our opinion:
- the accounts for year ended 31[st] March 2025 are in accordance with the accounting records kept by the Registered Social Housing Provider under paragraph 135(2) of the Housing and Regeneration Act 2008;
- having regard only to, and on the basis of the information contained in the accounting records:
- the accounts comply with the requirements of the Charities Act 2011;
- the Registered Social Housing Provider has satisfied the conditions for exemption from an audit of the accounts for the year ended 31[st] March 2024 specified in section 136(3) of the Housing and Regeneration Act 2008;
- the accounts comply with the requirements of the Housing and Regeneration Act 2008 and the Accounting Direction for private registered providers of social housing in England 2015.
**Thomas Coombs Limited -** Chartered Accountants Reporting Accountants 3365 The Pentagon Century Way Thorpe Park Leeds LS15 8ZB
24[th] July 2025
Page 5
**FOREST HILL (SHELTERED) HOUSING LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31ST MARCH 2025**
||||**Notes**|**2025**|_2024_|
|---|---|---|---|---|---|
|||||**£**|_£_|
|**Turnover**||||**256,411**|_244,230_|
|Less: Operating costs||||**(379,132)**|_(408,342)_|
|||||**_________**|___________|
|Operating (deficit)|||2|**(122,721)**|_(164,112)_|
|Net Interest receivable and other income|||4|**492**|_9,818_|
|||||**_________**|___________|
|**(Deficit) on ordinary activities**|**before taxation**||5|**(122,229)**|_(154,294)_|
|Tax on (deficit)/ on ordinary activities|||6|**-**|_-_|
|Unrealised
and
realised|gains/(losses)|on|8|**244**|_21,441_|
|investments||||**_________**|___________|
|||||**(121,985)**|_(132,853)_|
|Revenue reserve brought forward||||**447,141**|_579,994_|
|||||**_________**|___________|
|Revenue reserve carried forward||||**325,156**|_447,141_|
The above results relate wholly to continuing activities.
The notes on pages 11 to 17 form part of these financial statements.
Page 6
**FOREST HILL (SHELTERED) HOUSING LIMITED BALANCE SHEET AS AT 31[ST] MARCH 2025**
|**2025**
Notes
**£**
**TANGIBLE FIXED ASSETS**
Housing properties
**889,107**
Depreciation of housing properties
**(344,824)**
**________**
Other fixed assets
7
**FIXED ASSET INVESTMENTS**
Investments
8
**CURRENT ASSETS**
Stock
**800**
Debtors
9
**9,086**
Cash at bank and in hand
**2,385**
**_______**
**12,271**
**CREDITORS:**
Amounts falling due within one year
10
**(76,535)**
**_______**
**NET CURRENT (LIABILITIES)/ASSETS**
**CREDITORS:**
Amounts falling due after more than one year
11
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CAPITAL AND RESERVES**
Capital up share capital
12
Revenue reserves
– represented by tangible fixed assets
– represented by other assets|**2025**
Notes
**£**
**TANGIBLE FIXED ASSETS**
Housing properties
**889,107**
Depreciation of housing properties
**(344,824)**
**________**
Other fixed assets
7
**FIXED ASSET INVESTMENTS**
Investments
8
**CURRENT ASSETS**
Stock
**800**
Debtors
9
**9,086**
Cash at bank and in hand
**2,385**
**_______**
**12,271**
**CREDITORS:**
Amounts falling due within one year
10
**(76,535)**
**_______**
**NET CURRENT (LIABILITIES)/ASSETS**
**CREDITORS:**
Amounts falling due after more than one year
11
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CAPITAL AND RESERVES**
Capital up share capital
12
Revenue reserves
– represented by tangible fixed assets
– represented by other assets|_2024_
**£**
_£_
_575,808_
_(312,600)_
__________
**544,283**
**3,473**
**________**
**547,756**
**-**
**________**
**547,756**
_800_
_8,524_
_50,852_
_________
_60,176_
_(10,421)_
_________
**(64,264)**
**(158,263)**
**________**
**325,229**
**73**
**450,599**
**(125,443)**
**_____ __**
**325,229**|_2024_
**£**
_£_
_575,808_
_(312,600)_
__________
**544,283**
**3,473**
**________**
**547,756**
**-**
**________**
**547,756**
_800_
_8,524_
_50,852_
_________
_60,176_
_(10,421)_
_________
**(64,264)**
**(158,263)**
**________**
**325,229**
**73**
**450,599**
**(125,443)**
**_____ __**
**325,229**|_£_
_263,208_
_4,804_
__________
_268,012_
_226,629_
__________
_494,641_
_49,755_
_(97,182)_
__________
_447,214_|
|---|---|---|---|---|
|||||_73_
_165,955_
_281,186_
|
|||||______ ___
_447,214_|
Page 7
**FOREST HILL (SHELTERED) HOUSING LIMITED BALANCE SHEET (Continued) AS AT 31[ST] MARCH 2025**
The directors consider that the company is entitled to exemption from the requirement to have an audit under the provision of s.477(1), of the Companies Act 2006. Members have not required the company under s.476 of the Companies Act 2006 to obtain an audit for the year ended 31[st ] March 2025.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with s.386 and s.387 of the Companies Act 2006, and for preparing accounts which give a true and fair view of the state of affairs of the company as at 31[st] March 2025 and of its loss for the year ended in accordance with the requirements of s.396 and which otherwise comply with the requirements of the Act relating to the accounts so far as applicable to the company.
These financial statements were approved by the directors and authorised for issue by the Board on 24[th] July 2025
On behalf of the Board
MRS S M CLARKE Director
Company Number 00547893
The notes on pages 11 to 17 form part of these financial statements.
Page 8
## **FOREST HILL (SHELTERED) HOUSING LIMITED STATEMENT OF CHANGE IN RESERVES AS AT 31[ST] MARCH 2025**
|**At 31st March 2023**
Surplus/(Deficit)
for the year
Share capital
issued
Dividends
**At** **31st March 2024**
Surplus/(Deficit)
for the year
**Total**
**comprehensive**
**income**
Share capital
issued
Dividends
**At** **31st March 2025**|**Called-up**
**share**
**capital**
**£**
73
-
73
-
-
73
-
73
-
-
73|**Income and**
**expenditure**
**reserve**
**£**
579,994
(132,853)
447,141
-
-
447,141
(121,985)
325,156
-
-
325,156|**Designated**
**reserve**
**£**
-
-
-
-
-
-
-
-
-
-
-|**Total**
**£**
580,067
(132,853)|
|---|---|---|---|---|
|||||447,214
-
-|
|||||447,214|
|||||(121,895)|
|||||325,229
-
-
325,229|
The notes on pages 11 to 17 form part of these financial statements.
Page 9
## **FOREST HILL (SHELTERED) HOUSING LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2025**
|Note
**Cash (outflow) from operating activities**
1
**Net cash (outflow) from operating activities**
**Cash inflow (outflow) from investing activities**
Payments to acquire tangible fixed assets
Proceed from sale of tangible assets
Payments to acquire investments
Receipts from sales of investments
Interest received and other income
Dividends received
**Net cash inflow (outflow) from investing activities**
**Net (decrease)/increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the reporting period**
**Cash and cash equivalents at the end of the reporting period**|**2025**
**£**
**36,671**
**36,671**
**(314,079)**
**400**
**-**
**226,473**
**1674**
**394**
**(85,138)**
**(48,467)**
**50,852**
**2,385**|_2024_
_£_
_(153,565)_|
|---|---|---|
|||_(153,565)_|
|||_(2,603)_
_-_
_(9,334)_
_140,000_
_484_
_9,334_|
|||_137,881_|
|||_(15,684)_
_66,536_
_50,852_|
The notes on pages 11 to 17 form part of these financial statements.
Page 10
**FOREST HILL (SHELTERED) HOUSING LIMITED NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2025**
## **1. Reconciliation of operating surplus to cash (outflow) from operating activities**
|**Surplus/(deficit) for the year**
Depreciation and impairment of tangible fixed assets
Investment income
(Gains)/Loss on investments
(Increase) / decrease in trade and other debtors
Increase / (decrease) in trade and other creditors
(Increase) / decrease in stock
**Net cash (outflow) from operating activities**|**31st**
**March**
**2025**
**£**
**(121,985)**
**34,335**
**(2,068)**
**(244)**
**(562)**
**127,195**
**-**
**36,671**|_31st_
_March_
_2024_
_£_
_(132,853)_
_18,444_
_(9,818)_
_(21,441)_
_(3,220)_
_(4,677)_
_-_|
|---|---|---|
|||_(153,565)_|
The notes on pages 11 to 17 form part of these financial statements.
Page 11
**FOREST HILL (SHELTERED) HOUSING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025**
## **1 Accounting policies**
The company is incorporated under the Companies Act 2006 and is a registered Charity under the Charities Act 2011 and a registered provider of Social Housing. The company is limited by shares incorporated in England & Wales within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.
## **(a) Accounting basis**
The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 _The Financial Reporting Standard Applicable in the UK and Republic of Ireland_ (FRS 102), the Statement of Recommended Practice for Social Housing Providers 2014, and with the Accounting Direction for private registered providers of social housing in England 2015. The financial statements are also prepared under the requirements of the Housing and Regeneration Act 2008 and the Companies Act 2006. The financial statements are prepared in sterling and rounded to the nearest £1.
## **Going concern basis:**
The financial statements have been prepared on a going concern basis under the historical cost convention. In making this assessment the directors have considered the financial projections of the company and associated cash flows. Factoring in the continued financial support of the parent undertaking and the cash flows of the company the directors consider the preparation of the financial statements on a going concern basis is appropriate.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **(b) Turnover**
Turnover is measured at the fair value of the consideration received or receivable net of trade discounts. The policies adopted for the recognition of turnover are as follows:
Turnover represents rental and service charges income receivable in the year, net of rent and service charges and losses from voids, together with sundry rental income and charges.
## **(c) Income from investments**
With the exception of bank interest this is credited in the accounts as received.
## **(d) Fixed assets and depreciation**
Tangible fixed assets, except freehold land, are stated at cost, less accumulated depreciation. Depreciation is charged on a straight line basis over the expected economic useful lives of the assets at the following annual rates:
|Housing properties|2% - 5%|
|---|---|
|Property and office furniture and equipment|10% - 20%|
The useful economic lives of all tangible fixed assets are reviewed annually.
## **(e) Housing properties**
Tangible fixed assets (including social housing properties) are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended such as the cost of acquiring land and buildings, developments costs, interest charges on loans during the development period and expenditure on improvements. Expenditure on improvements will only be capitalised when it results in incremental future benefits such as increasing rental income, reducing maintenance costs or resulting in a significant extension of the useful economic life of the property.
Page 12
**FOREST HILL (SHELTERED) HOUSING LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025**
## **(f) Works to existing housing properties**
Works are charged to the income and expenditure account unless they result in an enhancement of the economic benefits of the property in excess of the previously assessed standard of performance. This is measured by an increase in the net rental income, including a reduction in maintenance costs or result in a significant extension of the useful economic life of the property.
## **(g) Social housing grant**
The grant is held as deferred income within creditors and released over the estimated useful life of the assets to which it relates. SHG received for items of cost written off in the Income and Expenditure account is matched against those costs as part of turnover. SHG can be recycled by the RSL under certain conditions if a property is sold, or if another relevant event takes place. In these cases the SHG can be used for projects approved by the Homes and Communities Agency. However SHG may have to be repaid if certain conditions are not met. In certain circumstances, SHG may be repayable, and, in that event is a subordinated unsecured repayable debt.
## **(h) Investments**
Current and fixed asset investments are included at market value. All losses and gains are taken direct to the income and expenditure account (adjusted for other recognised gains and losses) as they arise.
Realised gains and losses on investments are calculated as the difference between sales proceeds and the opening market value (purchase date if later). Unrealised gains and losses are calculated as the difference between market value at the year end and opening market value (or purchase date if later).
## **(i) Value Added Tax (VAT)**
Irrecoverable VAT which can be attributed to a capital item or revenue expenditure is added to the cost of the capital item or expenses where practicable and material.
## **(j) Pension costs**
The company contributes to defined contribution pension schemes including the National Employment Savings Trust (NEST) scheme. Contributions payable to the schemes are charged to the income and expenditure account in the period to which they relate.
## **(k) Judgements in applying accounting policies and key sources of estimation uncertainty**
No significant judgements have been made in applying the accounting policies adopted.
## **(l) Stocks**
Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.
## **(m) Debtors and creditors receivable / payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income in other administrative expenses.
Page 13
**FOREST HILL (SHELTERED) HOUSING LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025**
## **2. Operating (deficit)/surplus**
|**Operating (deficit)/surplus**||||||
|---|---|---|---|---|---|
|||**2025**||_2024_||
||**£**||**£**|_£_|_£_|
|**General needs housing**||||||
|Rent receivable net of identifiable service|**163,225**|||_155,266_||
|charges||||||
|Service charge income|**95,706**|||_96,377_||
|Other support services|**12,067**|||_11,878_||
|(including lunches and dinners)||||||
||**_______**|||_________||
|**Gross rent receivable**|**255,176**|||_263,521_||
|Less voids|**(15,822)**||**255,176**|_(21,146)_|_242,375_|
||**______**|||_________||
|**Other rental income**||||||
|Guest room|**670**|||_1,766_||
|Yorkshire Ladies office|**60**|||_60_||
|Wayleave|**5**|||_-_||
|Sundry income|**500**||**1,235**|_29_|_1,855_|
||**________**||**_______**|__________|_________|
|**Turnover – lettings**|||**256,411**||_244,230_|
||||**_______**||_________|
|**Operating costs – lettings**||||||
|Management|**77,888**|||_70,844_||
|Service charge costs (including food)|**161,795**|||_138,029_||
|Routine and planned maintenance|**97,125**|||_34,322_||
|Exceptional refurbishment/maintenance|**14,975**|||_153,463_||
|Depreciation of freehold property|**32,224**|||_16,559_||
|Release of social housing grant for property|**(4,875)**|||_(4,875)_||
||**_______**|||_________||
||||**(379,132)**||_(408,342)_|
||||**_________**||___________|
|**Operating surplus/(deficit) – lettings**|||**(122,721)**||_(164,112)_|
Page 14
**FOREST HILL (SHELTERED) HOUSING LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025**
## **3. Employee information**
|Total average weekly number of persons
employed during the year was:-
Office staff
Supervisor & household staff
Staff costs (for the above persons)
Wages and salaries
Social security costs
Pension costs|**2025**
**£**
**2**
**4**
**________**
**6**
**2025**
**£**
**82,543**
**-**
**3,691**
**________**
**86,234**|_2024_
_£_
_2_
_4_
__________
_6_|
|---|---|---|
|||_2024_
_£_
_84,815_
_-_
_3,062_
__________
_87,877_|
The key management personnel are considered to be the board of directors. No remuneration was received by the directors in either the current or previous year.
No employee earned more than £60,000 in either the current or previous year.
## **4. Interest receivable and similar income**
||**2025**|_2024_|
|---|---|---|
||**£**|_£_|
|Interest receivable|**914**|_242_|
|Loan interest payable|**(1,576)**|_-_|
|Donations, fund raising events and Trust income|**760**|_250_|
|Dividends received|**394**|_9,326_|
||**________**|__________|
||**492**|_9,818_|
Page 15
**FOREST HILL (SHELTERED) HOUSING LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025**
## **5. Surplus/(Deficit) on ordinary activities before taxation**
Surplus/(Deficit) on ordinary activities before taxation is stated after charging:Depreciation of tangible owned fixed assets
|**2025**|_2024_|
|---|---|
|**£**|_£_|
|**34,335**|_18,444_|
## **6. Taxation**
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
## **7. Tangible fixed assets**
|**Cost**
1stApril 2024
Additions
Disposals
**31st March 2025**
**Depreciation**
1stApril 2024
Charge for the year
Elimination on disposals
**31st March 2025**
**Net book value**
**31st March 2025**
_31st March 2024_|**Housing**
**Land and**
**Buildings**
**For Letting**
**£**
575,808
313,299
-
_________
**889,107**
**_________**
312,600
32,224
-
________
**344,824**
**_________**
**544,283**
**263,208**|**Fixtures**
**and**
**Fittings**
**£**
120,456
780
(113,961)
________
**7,275**
**________**
115,652
2,111
(113,961)
________
**3,802**
**________**
**3,473**
**4,804**|**Total**
**£**
696,264
314,079
(113,961)
_________
**896,382**
**_________**
428,252
34,335
(113,961)
_________
**348,626**
**_________**
**547,756**|
|---|---|---|---|
||||**268,012**|
The cost of the freehold land has been estimated at £500.
Page 16
## **FOREST HILL (SHELTERED) HOUSING LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025**
|**8. Investments: long term**|**2025**|_2024_|
|---|---|---|
||**£**|_£_|
|**Quoted investments:**|||
|Market value at 1stApril 2024|**226,629**|_335,863_|
|Additions|**-**|-|
|Disposals|**(102,843)**|_(231,902)_|
|Net unrealised gains (losses)|**-**|_24,726_|
|Movement in cash at bank awaiting re-investment|||
|(2025: £nil 2024 : £123,786)|**(123,786)**|_97,942_|
||**________**|__________|
|Market value at 31stMarch 2025|**-**|_226,629_|
The investments are held in a portfolio consisting of nil (2024: 14) individual holdings together with cash awaiting re-investment.
|**9. Debtors**|**2025**|_2024_|
|---|---|---|
||**£**|_£_|
|Rental debtors|**122**|_2,469_|
|Prepayments|**8,965**|_6,055_|
|Other debtors|**-**|_-_|
||__________|__________|
||**_9,087_**|_8,524_|
There were no rent losses in the current or previous years.
Page 17
**FOREST HILL (SHELTERED) HOUSING LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025**
|**10. Creditors – amounts falling due within one year**
Accruals
Other operational creditors
Deferred income
Loans from parent underktaing
**11. Creditors – amounts falling due after more than one year**
Deferred income
Loan from parent undertaking
**12. Share capital**
Authorised ordinary shares of £1 each
Allotted, issued and fully paid ordinary shares of £1 each|**2025**
**£**
**33,108**
**15,241**
**5,070**
**23,116**
**________**
**_76,535_**
**2025**
**£**
**92,307**
**65,956**
**2025**
**£**
**100**
**£**
**73**|**2025**
**£**
**33,108**
**15,241**
**5,070**
**23,116**
**________**
**_76,535_**|**2025**
**£**
**33,108**
**15,241**
**5,070**
**23,116**
**________**
**_76,535_**||_2024_
_£_
_4,463_
_1,083_
_4,875_
_-_
__________
_10,421_|
|---|---|---|---|---|---|
||||||_2024_
_£_
_97,182_
_-_|
||||||_2024_
_£_
_100_|
||||||_£_
_73_|
The shares provide members with the right to vote at General Meetings but do not carry any rights to a dividend or to distribution on a winding up.
## **13. Ultimate parent undertaking**
The company is a subsidiary of the Yorkshire Ladies Council of Education (Incorporated) a company incorporated in England, Registered charity number 529714.
## **14. Capital commitments**
There were no capital contracts committed to, or authorised by the board, at the year end.
Page 18
**FOREST HILL (SHELTERED) HOUSING LIMITED DETAILED INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2025**
|||**2025**||_2024_|
|---|---|---|---|---|
||**£**|**£**|_£_|_£_|
|**Rents & services receivable**|||||
|Rent|**163,225**||_155,266_||
|Service charges|**95,706**||_96,377_||
|Less: voids|**(15,822)**||_(21,146)_||
||**________**||__________||
||**243,109**||_230,497_||
|Guest room|**671**||_1,766_||
|Office|**60**||_60_||
|Wayleave|**5**||_-_||
|Lunches & dinners|**12,066**||_11,878_||
|Sundry income|**500**||_29_||
||**_________**||___________||
|||**256,411**||_244,230_|
|**Employee costs**|||||
|Office manager (including NIC & Pension)|**39,342**||_37,916_||
|Finance officer|**-**||_5,820_||
|Residents support supervisor (including NIC & Pension)|**24,679**||_21,971_||
|Ancillary staff (including NIC & Pension)|**27,584**||_27,027_||
|Employers NIC allowance|**(5,371)**||_(4,857)_||
|Staff Training|**1,665**||_630_||
|DBS|**117**||_215_||
|Recruitment|**-**||_4,481_||
||**________**||__________||
||**88,016**||93,203||
||**________**||__________||
Page 19
## **FOREST HILL (SHELTERED) HOUSING LIMITED DETAILED INCOME & EXPENDITURE ACCOUNT (Continued) FOR THE YEAR ENDED 31ST MARCH 2025**
|**Operating costs**
Rates – void flats
Rates – warden room
Rates – communal rooms
Light & heat
Insurance
General maintenance
Planned maintenance
Void flats repairs
Alarm, entry system & lifts
Gardening
Window cleaning
Cost of food & drink
Sundry household costs
Depreciation of freehold property
Release of social housing grant
Depreciation of fixtures & fittings
Flats refurbishments
Health & safety costs
FRA
EPC
Legionella risk/works
Fire safety items
CCTV
Security|**2025**
**£**
**£**
**-**
**1,119**
**6,406**
**77,774**
**8,585**
**83,189**
**8,355**
**3,169**
**6,211**
**8,541**
**625**
**4,867**
**1,852**
**32,224**
**(4,875)**
**2,111**
**851**
**31**
**1,248**
**-**
**10,192**
**4,784**
**-**
**2,173**
**259,432**|_2024_
_£_
_£_
_1,486_
_1,523_
_6,550_
_58,276_
_6,402_
_33,435_
_887_
_7,908_
_4,684_
_6,018_
_705_
_3,537_
_819_
_16,559_
_(4,875)_
_1,885_
_150_
_904_
_5,201_
_1,550_
_5,675_
_138,692_
_620_
_1,001_
_299,412_|
|---|---|---|
Page 20
**FOREST HILL (SHELTERED) HOUSING LIMITED DETAILED INCOME & EXPENDITURE ACCOUNT (Continued) FOR THE YEAR ENDED 31ST MARCH 2025**
|**Administration costs**
Telephone
Printing, post & stationery
Advertising & website
Computer expenses
Travel & subsistence
Independent examination and accountancy
Professional fees
Investment portfolio management fees
NFHA subscription
Bad debt write off
Sundry
Profit on disposal of Fixed Assets
New office costs & rates
**(Deficit)/surplus before other income**
**Other income and net interest**
Dividend received
Bank and other interest receivable
Loan interest
Trust Income
**Net (deficit) for the year (before unrealised and realised gains and**
**losses)**|**£**
**4,760**
**2,265**
**-**
**3,278**
**-**
**4,198**
**9,028**
**92**
**721**
**2,166**
**949**
**(400)**
**4,627**
**31,684**
**760**
**914**
**(1,576)**
**394**
**_______**|**2025**
**£**
_£_
_2,623_
_2,653_
_951_
_2,724_
_-_
_3,544_
_1,616_
_-_
_907_
_-_
_709_
_-_
_-_
_15,727_
**(379,132)**
**(122,721)**
_9,326_
_242_
_-_
_250_
**492**
**________**
_________
**(122,229)**|_2024_
_£_
_(408,342)_
_(164,112)_
_9,818_
__________
_(154,294)_|
|---|---|---|---|