Cliarily i'egistration nuinber.. 225965
Regiilator of Social Housitjg IEgislration niiiiiber.. A3623
Alin5hous¢ As50Giation mejiibersliip nunibei.: 1354
Butterfield Homes, Wilsden
Annual ReFQIt and Financial Statements
for the Year Elided 31 March 2025

Butterfield Home8, Wilsden
Contents
Board Report
I to4
Tiidependent Auditors, Report
5t07
statenient of Compreliensive Income
Balance Slieet
Statement af Clianges in Reserves
10
Cash Flow Slalen)eiit
Notes to the Finaiicial Stateinettts
12to 17

Butterfield Homes, Wilsden
Board Report
The trustees present tlie a￿ll￿al i'eport togieiher with the financial statejnents of tlie association foi. tlie year ¢Dded 3 1
Mar¢li 2025.
Stru¢tureJ govei'naiite And maiiagement
The Chai'ity is Irgulated by a De¢laratioN of Trust dated 7 O¢tober 1935 and a Scheme da￿ I l May 1935.
The Cliarity is mai)aged by a board of Trustees pl￿Vid111g legal, Property Ji)anagetiienl aiid p8stoi.al skills.
During the yeai. Ilie Ti'ustee5 w¢i"e unable to iecruit a clerk to manage the propeTiies and siipport th¢ Trnistees and
Rtsideiils. Simec Ilie year end tlie 'fr115tee5 engaged The Peter Birtwhistle I'riist to a5515t with adniinistrative aiid
regulatory matters. Tlie Tru8tees will continuc to be the first Jx)int of ¢onta¢t witli tlie residejits.
The Trustccs held four nieetings dui'ing the yeai. and retnain Ilie owiiers uf six dwelliE)gs ai Hardeii Lane, Wilsdeii,
Bingley BDI 5 OEU. Mark Silver was agaiii re-elected foi. Ili¢ year as Cliai¥ iii May 2025.
Reeriiiliiiepii &iid oJ)poiJ1l￿lepil ¢Jf iruslees
Reverend Michael Gi'eeii resi￿ed during tlie year due to work cojiimilments. The trustees are CUlTently tryittg to recwit
a rei)laceineiit to briiig tlie nutiiber of trustees back to 7.
JiidiiclEOii uiidlroiiiliig oltt'iislee%
All Rew Trustees ale given ali itjtroduction to tlie work of tlie Trust by exisiing Ti'ustecs and are also provided witli
Cliarity Cojiiinission publication CC3 -1.lic Esscntial Ti'ustee,. what you need 10 know. and tlie C.liarity GovcinBnce
Code.
The Tiwstees are kept up to date of their JEsponsibilities by tlie Chair and other professional adviser5, as appropriate.
The Charity is a Ineinber of The AlmSho￿e Association. 'Ihis or8anisation holds events ajid provides iicwsletters to
pdate ils nieiiibers.
Arruirgeiweiilsfor selliiig key FiiuiiageKieiilpcr5uiiiiel reiiiiiiiei'ailon
The Trustees act in a voluntary capacity aiid ale unitniuiiei'ated. The Tiwstees are also I'rustce5 of Butterfield Hoines,
Crosslii115 and Butterfield 14onies, Cottin8lcy.
Ti'ustees #nd offjeers
Tli¢ Ii'J.qteLq and officcrs serving during the year and sin¢e il)e year end were a8 follow5..
Tivste¢s'.
Mi. Mai'k Silver (Chairl
Mi. Albert Pratt
Mi. Ali5taii' Docherty
Mr Peter Earp
Mrs Siisan Sedgwick
Mr Simon Callaghaji
Revered Micliael Gieen (r&%igned I l February 2025)
Page I

Butterfield H(Jmes, Wilsden
Board Report (Continued)
Objectlves and ae(ivities
The Charity provides six residential units in Wi15den. Qualifying Irsidents Inust be inliabitants of Wilsden or an Alta
within a five mile I'adius of Wilsden and who are either aged 60 or over or are iiifiiTh.
The Trustees PTovide property mainteTiance aiid repairs.
The Trustees take an active interest in the healtli and wellbeing of die residents by undertaking Irgulai. visits lo
residents. No care is piY)vided by Ilie Charity.
lkne Ti'ustees have coiitinued a progi?miJie of itJip¥oveJneiii aiid moderjiisatioii of the Almslivu5es by upg12diiig wh¢n
api)roi)riatc, particulai'ly when a property becoJn¢5 vacant. I'he '[ rustee's aim is io provide and mainlaill a level of
accoininodation at a higl) standard.
Public benefit
The T￿SteeS pay due regai'd to the charEty coininission guidance on Public Benefit and believe Iliat the PlDvision to
social housiijg within tlie local coiiiniunity conforms with thcii. guidance.
Value for nioney
Tlie Tru.qtees aijn tr> d¢liv¢i' its objectives in tlie most co%i-etT¢¢tiv¢ way possible but ensuring tl)at li pIDvidES quality
hoines and services that lielp its residents reinain independetst.
The weekly Lontribulion was £93 per week during the yeai.. On l April 2025 the Trustees incresqed this to £95 pet
week. fiiese aiiiounts are below ilie levels recoiiinieiided by the VOA.
Achieveineiits artd perforniance
It is tlie Trllstees, policy to niaintaill and pirserve the properties to a high Standard. Coinplianc¢ inspection and planned
maiiitetJdn¢e checks were Iiiainiained Iluougjiout the year.
Tlie charity prides itself on iiieeling Ilie needs of its residents wherever possible. Tliis ijicludes installiiig disabled
adaptions.
In Noveniber 2024 a Quinquennial Report was carried out by Pearce Bottonilcy A¥chitecls. The Tru5tecs air reviewing
tlie iepoj't with d view to caiiying out suggested i"epairslrenovatiolls. Mie IEPOrt liiglilighted issues with damp which the
triislees liad alj'eady lakeii steps to rectify and continue lo review at eacli quanei-ly boai'd mccting
There was one vacancy during the year for a pertod of one mottlh.
Page 2

Butterfield Homes, Wilsden
Board Report (continued)
FinaiiciAI ieview
Pollcji 011 resei'ves
The Trustee8 are pleased to report a surplus for the year of £13,473 {2024 £14.3991.
The Trustees hawe reviewed the Cliai'ity's needs for resetves in line witji the guidance issued by the Cliarity
Coinniission and coiisidei. it prudeiit tliat reserves be syfyjcient lo avoid tlle necessity lo Iralise fixed as5els.
The Trustees al'e confident that the fiiliiir income will enable tlie Chai'ity to mcet it5 foreseeable needs on the basis of
planiied expenditure.
The level of i'eservcs at 3 1st Mairli 2025 wa5 £255.52212024 _ £242,049). Aftei. takiiig into considei'ation Ilie aniount
ued up in fixed assets atid the associated 812nl, wliicli is beinmy afjiortj5ed over tlie life of Ilie assets, tlie ainounl available
ID free reserves al tlie year end was £143,593.
Thc intej'nal controls of and the inajor t'isk5 and iincertainty to the charity arc reviewed and Imonitoird annually. The
Tiuste¢s are confident that the piveedures in placc arc suff5cient to Imitigate tlie financial, I￿anagement and compliance
risks ideiitified.
liive.fliiieiilijolicy lliid objeclives
The Trustee5 set aside funds in ol'der to fiiiance fuiure planned expenditure and to provide a contiJigen¢y against future
unfoi'eseen expejidilure. These funds are in invesimeDts which are easily tapable of conveisloli to l%qiiid fuiid5 aiid
provide the best possible I'eturn foi. the loiv risk a55unied. The i)erftsi'iiiaiice of these ii)vesiinentS IS IfVTewcd by the
Tivstees at ea¢h tJi¢ettng.
Page 3

Butterfield Homes, Wilsden
BoArd Report (continued)
Statetllent of BoArds Responslbllities
Tlic Board is rL%ponsible for prepai'ing the Rew>rt aiid the financial statements in accordance with Ilie applicable law
and regulations.
The IE8isleird social IIou5iiig legislation require the Boai'd lo prepare financial siatemeals for eacli finaiicial year wliich
give a true and fair view of the st2te of affails of tlic associatioii and of ils income aiid expenditure foi. that peiiod. In
prepa¥ing tliese fillaiicial statcmeiits, tlie Bi)aiYl is required to..
selecl suitable a¢¢ounting policies and then apply Iliem consis¢ently'
Inake judgeinetiis and esiimates (lia¢ are reasonable and prudent;
slate whether applicable accolllltins standards have been followcd, subject to any tiiaterial depariu¥es disclosed and
explained in the financial stal¢m¢nis' and
prepare Ilie finatL¢ial 5tateiiients on tlie going cojieern basis unless it is inappTopriate to preslinie that tlie association
will continiie it] bus&ness.
The Board is responsible foi. keeping proper accoui)ting recoi'ds that disclose with reasonable accuracy at any time the
fillan¢ial posiiioii of the associatioii and ciiable theni to eiisuye that the financial st8tcnients coniply with the Housii)g
and Regeneralioii Act 2008 aiid (lie Accouiiling DiiY¢iioii for private registcrcd providei's of social liousiiig in England
2022. li lias 8eiiei21 responsibility for taking reasonable steps to safeguai'd the asseis of tlie asso¢iation and to prevent
and detect fi2iid aiid othci. IlTegulai'iti¢s.
The Iruste¢5 are IEsponsible for the Inaint¢nan¢e and integrity of the corpoiate and financial irtformation in¢luded on the
charitable coJJipaiiy's website. Legislation goveTning tlie preparation and dissemination of financial stèteinents may
dsffer fiDnJ legsslation in oihei. juJ'i5diclioiis.
The atijillal rep011 was approved by the trnstee5 of the association on
and signed on its behalf by..
ir Docher
'rTUStee
Page 4

ljutterfield Homes, Wi15den
Independent Auditor's Report to the Members of Butterfield Homes, Wilsdt
Oplnion
We have aiidited the fillancial stateinen15 of Biitterfield Homes, Wilsden Iihe 'associaLion'l for the yeat. ended 31 Marcli
2025, whi¢li compi'ise Ilie Sta(einent of Comprehcjisive Iiicome, Balaiice Sheet, aiid Ntstes to Ilie fiiiancial Stalemeiils,
including a suinniary of significant aecoiinting piJlicies. 'l-he financi81 repoiliiig frainework that ha.s beeth #pplied iii tl)eir
PIEP8ration is applicable law aiid lJiiited Icingdom Ac¢ounting Siandai'ds, iiicluding Pinancial ticpoiling Standai'd 102
The Fitjancial Reporting Staiidai'd applicable iii Ilie UK and Republi¢ of l¥elat)d IlJnited Kingdoni Gciic1211y Accepted
Accouiiting Practice).
In our opinion tlie financial stateinent5'.
ITive a true and fair view of the %tate of the as80ciation's affairs a5 at 31 MaY¢h 2025 and of its incoming resourees
and applicatiun of Yesources, ii)¢luding ils incoine atjd expeiidÈture, for tlie year theii ended..
have been piDpevly piEpai'td in accojylanee with United Kin8dom Generally Accepted Accounting Pi'a¢ti¢e,' and
havc bccn prepaiEd in accoTdaiice willi the requirements of the Charities Act 2011, the Housiiig and Regeneration
A¢t 2008 and tlie Accounting Diirctioii for private vegistei'ed providei¥ ofsocial lioiisiiig iji Liigland 2019.
BaLSiS for opinio
We conducted our audit in a¢¢oi'dance i¥ith Tnternational Standards on Auditing {UK) IISAS {UK)l and appli¢able law.
Our I￿sponSibl11t1eS iiiider those standards are further desei'ibed in the auditor IEspon5ibilities foi. the audit of the
fijjancial statements 5ectiL)n of our reyon. We are independent of the association iii accordaiice willi the eihi¢al
requireinetils tliat al'e relevaiit to our audit of t]ie finan¢i#l sta¢eineiiis itt the UK, iiicludiiig Ilie fRC's Etliical Staiidard.
aiid we liave fulfilled our otlier eiliical respoiisibilities I￿ accoi'dance witli these requiremcnls. We believe tliat tlie audit
eVTdence we have obtained ts sufficicnt and appropriate to pix>vide a basi5 foT our qualEfied opinion.
Conclusions relating to going concern
Iii auditing tlie fiiiaiicial stateineiits, we liave ¢on¢ludcd tliat tl)e trustees usc of tlic goiiig concern b&%is of accounting in
Ihc prcpaiation of tlie financial statenients 1% appropriate.
Based on the woi'k we have peiforjiied, we liave not idejitified any Jiiaterial uncertaintie5 relating to ¢v¢nls or conditions
that, ijidividually or collecliv¢ly* may ¢asl sigiiificattt doubt on the association's ability lo coiitiiiue a5 a goiiig concern
for a period of at least twelve iiioiitlis froin ivlieii die origiiial finaii¢ial slateiiients were authorised for issuc.
Oui. responsibilities and the i'esponsibilities of tlie trustees with respect to going con¢ern al'e des¢Kibed in ihe relevHnt
sections of this irpoit.
Other liiforingtioii
'he tTUStee8 are responsiblc for the other illformatEoii. The other information conipriscs tl)c infortnation included in tlie
at)nual y¢￿vl atlier tl)an tlic financial statements and oui. auditor's report tlieiEoii. Our opinion oli tlie fIn￿le1a1
statelnents. does noi cover ilie otlier informatio&i and, except lo the extent oilierwise expli¢iily staled in our i'eport, we do
not expiess any foi'in of assuyance conclusion Iliereon.
In conne¢tlOll Wlth our audit of the financial statcinents, oui. iesponsibility is to read the (Jthei. infomiation and, in doing
so, consider whetlier the otl)ei' infariiiaiion is rnatei'ially ilicons￿slelll with the finan¢idl sta¢enienls or oui. knowledge
obiaijied ill the audit or otli¢rwise appeal's to be i))8tei'ially t]iisstated. If ive ideiitily such iiiatei'ial in¢oiisisten¢ies oi.
slaletiietils or a tiiaterial iiiisslatejiiejil of the otlieT iiifoi'ii)ation. If, based oil tlie woi'k we liave pei'fomied, Ive conclude
tl)at there is a malerial Inisslalemenl of tliis otliei. iiifoi'jiiation, we are required to repoit that fact.
We havc nothing to report in this regard.
Page 5

Butterfield Homes, Wilsden
Independent Auditor's Report to the Members of Butterfield Homes, Wilsden (Continued)
Matters on whfftch Ive Are required to Yeport by exeeptio
We have nothing to ieport in IEspect of tlie folli)wing matters in Irlation to wliich the Cliarities IA¢¢ounls and Report5)
Regulations 2008 require lis to repoit to you if, iii our opiniot)..
the infom1atioii given En Ihe finaiicial stateintnls is incoiisistertt in ai)y niateTial respect witli Ilie boaiyl repon. oi.
suffjcient aecounling records liave not been kepl. oi.
the fiiiancial stateiiients ale iiot in agreement witli the acwuntiiig records. or
we liave not r¢ceived all the inforniation and expltJnatioiJs we require for oui. audit.
In addition, we have nothing tn report iii respe¢t of tlie following Inatter wlieir the Hollging and Regei)ei'ation Act 2008
requircs us to report to you if, in our opinion..
a saiisfactory systeni of control over ts￿saCtIOnS lias not been maintained.
Respon$ibililie$ of trustees
As explaiiied more fully in tlie Statement of Responsibilicies (set out on page 4), tlie tiuste¢s members liylio are also the
trustees of Ilje association for the purposes of cliarity lawl air responsible foi. the preparativn of the financial stalcments
and for being satisfjed tliat tl)¢y give a tl'Lie alid fail. view, and foi. sii¢li int¢i-nal contiDI as the trustees deteriiitne is
necessaiy to eiiabl¢ the prepAIBtion of fjiiaiicial statements tliat are free fi'oin n)atei'ial Inisstatement, wheiliei. due to
fraud oi. error.
In prepai'ing the financial statements, the tTU5tees air respoJsible for assessing the a&%ociation's ability lo continue as 8
going coiicern, disclosing, as aijplicable, Inattei% related to going ¢oii¢ern aiid usiiig the going concern basis of
accoiinting unless the trustees either intend io ljquidate the association or lo cease opej'alions, or ljave n() r¢alisti¢
altei-native but to do so.
Auditor Responsibilities for tlie xudit of tlie fitaanciAI statements
Our objectives are lo obtain Yeasonabl¥ assui?iice aboul ivh¢ilJer Ilie financial slalemeiits as a whole aye free from
material Inlsstatemeiii, wlicilicr diie to fraud or error, and lo issue an auditor's repoil Iliat iiicludes our opinioti.
Re&wnable as%uraii¢e is a Iiigli level of ass111?nce, but 1% not a guarantee tliat an audit conducted iti accordaiice tviili
ISAS (L￿) will always detect a niaterial niisstatement when it exists. Missiaiemcnt5 can ai'i%e fi'otn fraiid oi. eiror and
are Lonsideied nialerial if. individually or in the aggrega￿, tliey could re&son&bly be expecied to influence the economie
dectsion5 of L15ers takeji on Ilie basis of these finaiiGial statetnentS.
Irregularities, including fiyud. are instances of noii-eoinplian¢e witli laws aiid Tegulations. We desigii procedures iii liiie
with our respot)5ibilities. outliiied abovc, ta detect nialerial missiatement5 in rcspcct of irregulariiies, iiicluding fraud.
Tlie extent lo whicli ouj. procedui'es are capable of detecting ii'regulai'itics. including fraud is detailed beloiv..
In planniiig alld designiiig our audi( tests, we identify and assess the risks of Inatei'ial inisslalement wiiliin the finaiicial
staternent5. wlietlici. due to fraud or eyroi.. Oui. a￿eSsment of tliese risks includes consideration of the iiatLEre of tlie
it)diislry and secloT. tlie control ciivironment and tl)e biisiness perforrnance along witli tlJe Itsults of our eiiquiries of
nianagement. about their ideniificaiEoii and assessnient of tlic risks of irregularities. We are also rcquircd to
perform specific pn)cedures lo respond to IlJ¢ I'isk of tnana£eJiient oveiyide.
Following Iliis a5sessiiient we considcied Ilie i)ppoitiiniti¢5 and inceiitives that illay exist wi¢liin tlie entity for fi?Iid at]d
identified the greatCSt potcntial for fi?ud In evaluating the tangiblc assets.
We also obtaiNed ali ujiderstanding of tlie legal aiid regulatory fraiiieworkq that the entity opcixtes in. tlirough
discusslons willi directors aiid otlier iiiaiiagenienL ￿ld froni our comtJ)er¢ial knowledge aiid cxpcricncc of tlie sectar in
wliich the eiitity oper3tes, lo eiiable us lo ideiitify tlie key laws aiid regulaitons ai)plicable to tlJe ejitity. We focused on
specific law5 aiid regulatl0115 whicli we caiisidei'ed iiiay liave a direct material effect oji the fiiiancial sldleiiieiiis OT (lie
opcrations of the cntity. i11c￿liding tlie 14oiising and Regeiicration Act 200£, taxation legislation. data proleclion,
anii-bribery. eiiviroijniental and liealih and safety legislation.
Page 6

Butterfield Homes, Wilsden
Independent Auditor's Report to the Membe1% of Butterfield Homes, Wilsden {continued)
We then perfoj'ined aiidi( procedur¢s aftei ¢onsideration of tlie above i'isks which included tlie following..
aliiating the exi4ten¢e and valuation of the fixed asscls, and evaluating the api)ropriat¢iiess and consistency of the
depTcciation policies applied.,
enqiiiring of tiianageii)ent Cont￿ning actual and potential litigation and Glaiikns,.
perfoi'ining analytical proccdurcs to identify any unusual or unexpected relationsliips that may indicate I'isks of
material missralejnent duc to fraud:
Irviewin8 coirespolldence with tlie charity's leBal advisors,.
adii)g miiiui¢s of meetings of those cliarged witli goveillan¢e' attd
in addi'essing ilie iisk ol fraud IliiDugli Management override of. controls, testiiig the appropi'iatene5% of joui-nal
enti'ies alid oihei. adjustiijents, assessin8 whethei. tlie jLid8cinents Imade iii making a¢¢oiinting e%tiJnates air indicative
of a potcntial bias. and cvaluaiing tlie business rationale of any signifi¢aiit transactions that aye iiiiusual or outside
tlie normal ¢ou¥se ofbusiness.
All engagement teani nieimbei'g were informed of tlie relevant law5 and regulations and potential fraud risks at the
planning stage and remiiided to i'emain alert to any indications of fraud oi. non-coinpliance with laws and regulations
throughout tlie audit. Tlie engagement partner ensured tliat the engageiiient teain collectively liad the appropi'iaie
¢onipetence, ¢4pabilities and skills to identify sucli itetns.
Their are inliereiit limttatioiis in our audit procedures desci'ibed above. I'lie illoir irinoved that law% aiid regulations are
from fiJJancial transactions, Ilie less likely it IS tliat we wotsld becoinc aware af non-compliancc. Auditing standards also
liiiiil tlie audit P1￿CedulES iequired to identify iion-coinplian¢e with law.% and regulatioiis to enquiiy of tlie trustees and
otlier management and the ii?spection of i'egulatoiy and legal coiyespondencq if any.
Material Inisstatements that arise due to fraud Can be ljarder to detect djan (liose that arise frotll error as they may
involve deliberate concealniejit OJ. collusiun.
A fiirtlier de4¢TlPtion of oui. r¢si)on.sibilities is available on the Finaii¢ial Reporting Collncil's website at..
www.frc.org.uklauditoi.sresponsibilities. This des¢riptioii fonns part of our auditor'5 report.
Use of report
Tliis repoil is Inadc solely to the association ti-usiees, as a body, in ac¢ordance with P8rt 4 of tlie Cl)aTilies IA¢couiJts
aiid Reports) Regul8tions 2008 2nd section 137 of the Housing and Regenei2tioii Act 2008. Our audit woi'k lia5 been
undejtsken so that we niiglii slate to tlie trllstees iljose inattej's we al'e reyuired 10 51at¢ to tli¢m in an auditOlS' and
for iio otlier purpose. To tlie fullest extent permilted by law, we do not accept or assiime r¢%ponsibility to anyone othei.
than tlie associatioii aiid its tiustees as a i)ody, foi. oui. audit ivoi'k, for this I'epoit, or for t5ic opiiiioiis we have formed.
aL£¢
Watson Biickle Lii#ited
Slatiitoiy Auditor & Chailered Accountants
Bi2dford
2910912025
Date..
Pa8e 7

Butterfield Homes, Wilsden
Staten)enl of Comprehensive Income for the Year Ended 31 March 2025
(Including Income and FAxpenditui'e Account)
2025
2024
Note
Turnover
30,496
29,493
Adinini5tr&tive cxpenditure
123,1601
120,252
Operatiiig sui-plusl{deficit)
Incoine froin fjxed asset investtnejils
Interest reccivable aiid similar in¢oine
Move1￿entS itt fail. value orrjnanc￿aI instniment5
9.241
2.822
780
3,084
1,124
1,929
1,556
Surplus far the year
13,473
Total coiilpielje￿sive iticome (or the year
13,473
14,399
All of the regisleiEd so¢ial Iiousi11g provider's activities dcrive froin eotitinuing operations during the above Iivo periods.
Tlie financial statements were appI￿Ved by ilie board and autlioi'ised for issue on .J.g
by..
and signed on their behalf
Truste
Ti'ustee
The notes ot) pages 12 to 17 foTm an integral part of tliese fitiaiicial slalen)¢nts.
Page g

Butterfield Homes, Wilsden
BalAnee Sheet as at 31 March 2025
2025
2024
Note
Fixed a$sets
Tangible assets
Investments
187,259
77,077
194,646
72.303
264,336
266,949
Cui'reiit Assets
Debtors
Cash at bank and in hand
1,257
69.943
1.952
54,553
71,200
56,505
Ci'editol￿: Amouiit5 falling due witliin one y¢gr
16,567
(6.075)
Net cui'rertt assets
64,633
50,430
Total assets less tui'iynt ligbilities
328,969
317,379
Creditoi's: Amounts falling due after more thAn one year
10
73,4471
75,330)
Net gssets
255,522
242,049
Re5eiwes
Incoine alld expeiiditure reserve
Unrcstricted rcvaluatioll re%tive
233,417
22,105
221,873
20,176
Total i'esei'ves
255.522
242,049
The financial slatenients were appiDved by ilie boai.d and auiliorised for issue on*l.
by..
..Yaiid signed on tlieii. behalf
Ti'iistee
Th'ustee
Tlie iiotes on pages 12 to 17 fonm ali iiitegi?I part of Iliese finaiicial slaiei)ients.
Page 9

Butterfield Homes, Wilsden
Statement of Clianges in Reserves as at 31 March 202S
Income and
eXpendIt￿r¢
reserve
RevAIugtion
reserve
Total
At l April 2023
Su¥plu51ldeficit) for tlie year
Revaluation of investnJenls
221.873
11,544
20,176
242,049
11,544
1,929
13,473
1,929
1,929
TotAI comprehensive iiicome
At 31 Mgrch 2024
11,544
23.3,417
22,105
255,522
Tlie noies on pages 12 10 17 foriii an integral pait of tlies¢ financial stateiiients.
Page 10

Butterfield Hi)IMes, WiI8den
Cash Flow Statement for the Year Ended 31 Mai'eh 2025
Reeorjciliitiori of net movemetht in funds to ntt cash flow fi￿1￿ opei'ating ¥ctlvÉties
2025
2024
Nel incoine
Investmeiit income
Depreciatiuii
{Profitl Iloss on revaluaiioii of fjxtd a%set IllVC5tinents
Decreasel{increasel in deblors
Decrease ill cJEditors
13,473
14,208)
7,387
11,9291
695
14,399
(3,6021
8.058
{1,556)
1842)
(1.480)
Nei casli tnflaw
14,027
14,977
Cash flow statemtnt
2025
2024
Net cash inflow froim opeiating a¢iivities
14,027
14.977
Returns oji investments 4nd $eryieing offinance
Inl¢iEst receivable aiid sirnilar income
Otlier income froni fixed asset invesinients
1,124
3,084
780
2,822
4,208
3,602
C#pitAI expenditui'e and fin8n¢i81 investment
Pui¢hase of investnients
12,8451
2,592}
Inei'eAse iij casli in tlie year
15,390
15,987
RecoiicÉliatiort of net e9sh tloiv to inovement In nct funds
Inci'ease in ¢asli
15,390
15.987
Net funds at l April 2024
54,553
38,566
Net funds at 31 March 2025
69.943
54,553
All of tjie cash flows are derived fi￿1￿ coiitinuiIig operations dui'ing tlie above two periods.
Tlie notes on pages 12 to 17 foi'ni an inlegi?I p8YI of thesc finaiicial st#￿171ents.
Page 11

Butteyfield Homes, Wilsden
Notes to the Financial Statements for the Year Ended 31 March 2025
l Aetountiiig policies
Gtn¢r91 infvrin4tion
The Cli￿ltY is & regisleird soctal housing provider, regigtered in England and Wales
Cliarity registration nuniljei.: 2251)65
Rcgu12tar of Social Hou5iiig iigi£lTation nuiiiber.. A3623
Alms110use Association memheiyhtp number.. 1354
The addi'ess of the registered offjce is..
17 1."ariidalc Road
Wilsdcn
Bradford
BD150LW
Bg.8i8 of pi'epAratioii statement of tonipliance
-riie financial stalcnitnls Iiave been pJEpared in atcoi'ddrtce with applicable a¢counting 5tandLuls including Financial
Reportiiig Siandard 102. the Stateincnt of Re¢oiiiniended Pi'actice for Social Housing Piy)vtders 2018, and witli tlie
Accounting Direction for privatc r¢gisteied piDviders of social liousing in F.ngland 2019. The fiiian¢ial Slateillents are
also prepaird under die requirertients of the Housing 8nd Regcnerntion Act 2008.
'IThe financial stalemtnls liave been prep￿.ed on a going concern basis uiider tlie Iiistorical cost conventioii, niodified to
include certaiii il¢m* at fair value.
The registered social housing providcr constitutes a publi¢ benefit entity as defined by FRS102.
Tlie si8nificat]t accounlt11g pulicies applied in tlie pirparation of tliese financial %tatement5 air Set out below. These
policies liave beeii con51Stently applied to all yea13 presented unless Otherwise stated.
The ¢hai'ity's fiinctional and pirsenlation currency is pounds sterling.
Si¥nifieAnt judRefftents Aiid estin19t¢s
Prepardtivn of ilie financial slateinenis requires Itianagejnent to make significant judgejnents and estimates. The items in
tlie frnancial slatejiients where diese judgeinenls and eslin)ales have beell niade iii¢lude'.
Maiiagemenl review its estimates of the useful live% of tlie de1)I￿clable assets at eacli reporting date. Howevei., by tlieir
natuie coiiiponent life cannot be detem]ined willi absolutc cerlainry.
Tui'iiover
Tumtsver represcnts weekly tiiaiiitenallce charge Ireeivable, includiiig water i?tes iji the year Jiet of losse5 frojn voids,
and aniortisalion of governnient grants.
SociAI Flousing Grgrtt
Social Huusit]g Graiit ISHC,) i.$ receivable from tlie Honies and Coii)niunilies Agency and is utili5ed to reduce tlie
capital costs of Iiousing properiies. Tlie SHG is recogiiised in in¢ome on a systematic basis over the expected useful
ecoiioniic life of (lie pruperty.
Page 12

Butterfield Homes, Wilsden
Notes to the Financial Stateinents for the Year Ended 31 March 2025 (continued)
Inve.$tment income
Inconie is earned from lioldiiig fixed assets for investsjient purposes aiid is recogni5¢d when receivable 2nd Ilie aniount
can be nieasured by Ilie cliarity.
Iiiteir%t fund8 held on deposit is included wlien I'eceivable and tl)e amount Can be IneasuiEd by tlie chaTIty.
Irrecoverable VAT
Irrecoveizble VAT i5 cliarged agaiiist tlie ¢ate8oiy of resourees expended for whicli it wa5 iii¢uiI'ed.
T*xAlion
nie I'egistei'ed social liousing piN)vider is Considered to paqs ihe teqts set out in Paragiapli I Schedule 6 of tlie Finance
Act 201 O and tlieiefore it Ineels tl)c definitioll of a chariiable compaiiy for UK corpoj'alion tax pui'poses. A¢¢oi-diiigly,
(li¢ Cliarity is poieniially exempt frotn taxation in irspect of income or Capital gdins i'eceived wiiliiii categorie5 coveird
by Chapter 3 Pait I l of Ilie Coi"poration Tax Act 2010 or Seclioii 256 of the'faxatioii of Chargeable Gains Act 1992, to
tlie exten( tliat such incoille oi. gai115 air applied ¢x¢lJsively to cliai'ilable purposes.
TRngible fixed assels
Tangihle fixed assets (including social housiiig pi'operties) are stated at cost or deejiied cost less a¢¢uiiiulJted
depi'e¢ialion and a¢cun)ulaied inipaii'ment losses. Cosl ilicludes ¢ost5 dÉTe¢tly atti'ibulable to making tl)e as5el capable of
operaling as intended su¢h ￿ Ili¢ cost of acquii'ing land and biiildings, developments costs, interest cliar8es on loans
duriiig Ilie developinenl period and expenditure on improvements. Expenditure oll improvements of Inore than £500
will only be capitalised when it rcsults in irt¢reni¢ntal future benefit8 such as increa5iiig rental income, reducing
mait)tenan¢e ¢osts or resulting in a sigiiificant extension of the useful e¢onoini¢ life of tlie property.
Deprc¢iation is provided on tangible fixed assets so as to wlite off the ¢osi or valuation, less any estimated Yesidwdl
vèlue. ovei. their expected usefiil econoii)ic life as follow5..
Asset elas5
Planl and equipni¢iit
Propeities
D0013 and windows
Depi'eciation method and l'ate
IO°kn slraiglit line basi5
50 yeaTS
30 yea15
20 yeais
Bathroom
25 yea13
Boilers
15 y¢ai
Elcclrical and heating iiistallatioiis
25 yeais
Major coniptsiiejits of Iious5i1g properties have been accounted for and depreciated separately from the coiine¢ted
liousing pix>i)erty, OVCT tl)eir expected useful econoiiiEc Iivcs. -1lie costs of replacihg these c()niponents arc capilalised i
full. I'lie costs of paitially replacing or repairing tliesc coiiiponents al'e chai'ged 10 tlie coii)prelietJsive iiicoi)ie.
Investnieiits
Inveslineiils are recognised initially at f3ir valiie whicli is normally the tra115action pi'i¢e cxcluding transaction costs.
Subsequeiitly. tliey are tn¢a5UIEd at fair value thiDugli thc stalciiiciit of conipreheiisive itiei)Ine tf the sha￿S al'c piiblicly
traded or thcii. fair valuc cali otherwise be nie&quYed I'eliably. Othci. imvestnieiils are nieasuied at ¢ost less itiipaiiinent.
FiEIAiicial iiistiwineiits
The registered social lioilsing provider only Sias fin8iicial liabilities of a kind tliat qiialify as basi¢ financial irt%tYiiiiients.
Basic fiiiaiicial instriiinenls al'e initially r¢¢ogni%ed al transactioli valuc aiid subsequently mea%uiEd at theii. %ettleineiit
valuc.
Page 13

Butterfield Ilonles, Wilsden
Notes to the Financial Statements for tlie Year Ended 31 March 2025 (continued)
Debtor$
Debtors are rccogni%ed initially when they become diie al the lrnnsaclioii price. They subsequenily measured at
aniortised cost using rh¢ cffective interest ratc method, less piDvision foi. impairmcnt. A Pl￿VIsion for iijipairjiient OF
debioiE is es(ablislied when there is objective evidence that the chai'iry will not be al)le lo collect all amounts du¢
according to the original tei'nis of the debroi'g.
Cash #nd cAsh equtvalonts
Ca8h and Cash eqiiivalcnts eomi)rise ¢ash on hand and call deposits, and othei. slioil-lerin lii8lJly liquid illvestsnent5 tliat
are readily convertible to a known amount of cash and are subjeGt to an insi8nifieant i'isk of chaiige in value.
Creditoi%
Creditors are obligatioiis lo pay for good% aiid services Ilial liave l)een acquired by ilie cliai'ily. Ci'editors are initially
rcLowiiscd at tlie transaction price and subsequently m¢asur¢d al ainoitised cost uging the ¢ffective interest meihod.
2 SociAI htsusirtg turnover costs
2025
2024
Turnover
Reiils receivable
28,613
27,610
Atnorttsed social housing grdtjt
Turnover fi'oTN social housing lettings
30.496
29.493
AdiniJJistrAtivc exptndlturt
Managetnenl
Service charge costs
Routine Inaintenance
Depreciation of housing propeTlies
14,4861
(1.196)
110,0911
17.387}
{23,1601
(4,1841
11,6081
16.4021
18,058)
20,252)
Oper8ting sui'plms on sociAI housing lettings
7,336
9.241
Void losses
403
789
J Ac¢ommodatioii owned And it) mgnagement
Nuillbej. of ynlts
Number of units
April 2024
31 Mai'ch 2025
Housiiig a¢¢tsmniodation
P1cge 14

Butterfield Homes, Wilsdeii
Notes to the Fiiiancial Statements foi. the Year Ended 31 March 2025 (continued)
4 sui.pl￿s on ordinAI'y activitie5 ].% stiled *fteJ' chArL￿lIgI{¢Tedltlng).
2025
2024
Audit fees
Audit of tlie financial stateiiients
Depre¢iation of freeliold pi'opeity
l)epreciation of fiytuits aiid fittings
Amortisatiot] of goveriimeiit gi311ts
800
6.744
643
775
6,744
11,883
{1,8831
S BoArd aiid key inanagement pei'soniiel ieinun¢r#tion and expetjses
No board niembei. or key management personnel eitl)er received or waived any reinuneratiOE) during ihe year.
6 Tangible fixed gssets
Laiid
buildings
Fixture5 &
Total
C05t
At l April 2024
250,899
52.124
3Q3,023
At 31 Mairh 2025
250,899
52,124
303.023
Depreeigti(Jn
At l Api'il 2024
Cliarge for Ihe year
59,892
6,744
48,485
643
108,377
7,387
At 31 March 2025
66,636
49,128
115.764
Nel book vAlue
At 31 March 2025
184.263
2,996
187,259
At 31 Maicli 2024
191,007
3,639
194,646
Page 15

Butterfield Ilonies, Wilsden
Notes to the Fiiiancial Statements for tlie Yeai. Ended 31 March 2025 (eoiitiiiued)
7 Fixed asset iiive5tinents
2023
2024
Listed iiivestmetits
77,077
72.303
Listed inYe5tineiits
Listed
investments
Total
Vgluation
At l April 2024
Revaluatioii
Addilions
72,303
1,929
2,845
72,303
1,929
2,845
At 31 Mar¢h 2025
77,077
77,077
Cai'ryiiig amount
At 31 imareli 2025
77,077
77,077
At 31 March 2024
72,303
72.303
The fair value of listed i11vestments is dcteiniiiied by reference to the quoied pi'ice foi. idejitical 2sseis in an active
Inai'ket at Ihe balance 51ieet date. H￿SlOr1eal costs of iiivesttnents £54,97212024- £52,127).
8 D¢bton
202S
2024
Prepayments
Other debtors
1,240
1,163
789
,257
1,952
9 Creditors: #m(JuNts fallinE due wÉtliiii ont year
2025
2024
Graiits
oilier crediiors
A¢crua15
1.883
1,972
2,712
1,883
1,972
2,220
6.567
6.075
10 Creditol's: amounts f4lliiig due after one yeAr
2025
2024
Grant
73,447
75,330
Page 16

Butterfield Homes, Wilsdeii
Notes to the Financial Statements for the Year Ended 31 Mareli 2025 (eoiltinued)
The grants are repayable if the propenies are sold.
Social Hou5iiig Grartl tolallitig £94,160 lias been rcceived. Tliis will be repaid if tlie properlies are sold. The Social
Housiiig Grdilt is beiiig recogntsed iii incoiiie on a sysltjiiatic basis over the expected useful life of th¢ stiwctu¥e150
years).
I l Reserves
a) Iiieoine and expcnditure reserve
Tlie incoine aiid expendilure reserve represeiits tlie cuinulative surplus and deficits tiet of oihei. adjustments.
bl Rtvalll#LioiJ reserve
Tlie Irvaliialion i'e5e)ve represents the cumulate effect of revaliiations of the fixed assets investments.
12 Relited party ir*nsAttion5
Bknttet'field Ilomes, Ci'05shi115
(Comitton Irnsteesl
At tlie balance sheet date the aniount due to Buttei'field Homes. C.rossliills was £1,695 {2024- £1,695}.
Butterfield Homes, Cottingley
(Coiiinion trustee31
At tlic balance sheet date the amount duc to Butteifield I lomes. Cottiiigley wa8 £27712024- £2771.
The aLK)ve ainounts are inkrest free.
Page 17