Charity regislrniton number.. 226t153 Regulator of&Kial Ho￿$1ng regists3tion nU￿bET.. A3163 Aims1￿￿Se A5SDfi8¢ioth membership number.. 1355 Butterfield Homes, Crosshills Annual R¢]x)rt and Finftnciol for th¢ Ycwr knda 31 M￿h 2025 Bullerfield Homes. Crosshills CoDteut$ Boai'd R¢poit 1104 Indtpendeni Auditors, ReN)rt 5107 Siai¢mcnl ot'comwe￿0Slve Income Balance Sheet Slaicmeni ol'Ch*n8es in Reserves 10 L•sh Fltsiv Slatemenl Noits to lh¢ Financial Slaiements Bulterfield Homes, Crosshills Boayd Report The Iru%lecs prese))i the annuHI report trJ8ether wilh the fIn2t￿l￿ stawnents of the Is￿¢14110n for the year eNled 31 March 2025. Struttu￿1 eOVtrnone¢ and nIan￿gO￿t￿l I'he cliarity IS I'¢8ulaied by a Dcclataiiith of TnJ* da¢cd 7 Janwy 1932 and J Sthtyjte dlied 26 Febrnary 1986. Thc chari¢y is managed by a board orTn￿etS providinR le￿. property mana8enieni and pgsroral 5kill5. During Ihe year tlit 1'n￿le¢S iYer¢ unablc 10 recruit a ¢lth* ts) manage the properties atxl support ilic Truslces ind Resid¢nis. Siiice lh¢ year ihe TnJs¢e&s engaged The Peier Birtithisilc TrusL 10 SSSISI Wsth Administraiivt and Itguloiory Matte￿ The Tru#ee5 will conlinue lo bc lh¢ pjint of¢onts¢l with the residents. ThL Trusiccs lield ltiur meetings during ihe year and remain lh¢ O*TKf5 of six dw¢llitt8s ai M&in SiretL Crosshill& Keighley BD20 8SI,. Mark %ilveT again foT the ye•r &8 Chair in May 2025. Re¢rtsliiiie*i ui1il￿pPOllI11lienk￿lir￿￿IteS RLvcr¢nd Miclia¢l Gr¢¢n I'csi8ncd durinÈ Ihe yeardue ￿ WO￿ coMmith￿nI& Tr tru5*e5 are curTenily iryin8 10 r¢¢rNil rtpl2cemtnt 10 brinB the numbcr ol'lnJ%iccs back ￿ 7. Jiid¥cllon irnlllliit of1r￿St¢t$ All neiv 'l'rusiees are 8iven an Introd￿110￿ w Ihe work of the '1'r￿ by oxiain8 T￿￿¢¢5 and arc also piDvidcd iviih C.liariiy Commission publication C.C3 '1The Essenu81 Trus￿.. you n¢cd 10 know, 4tsd the Cliariiy Cjnvtimonce Code. Th¢ TnLSt¢¢$ #r¢ kew up to da* of Iheir resp)￿ibilitIeS by the Chair and oth¢r profe￿i￿rtaI advisers. ￿ appropriatr. I'hc Charity 15 a m¢mb¢T of The Almshouse Ass(tia¢ion. 'fhis or8aniswi¢Jn holds events arhd provide$ twvsleiiers 10 ui)dtl¢ ils membe Arrftirg¢iiJéNtsfor fÉli1￿¥ Aty iik•iio%eiiienipersonnel reMNnernrfon Tlie 'fruslLcs al¢ in a volunlary capacily and are wirtinuntraitd. 'fhe I'￿￿ arc also Trust¢e5 of Buli¢rfi¢ld 14omes Wilsd¢n and Ilutl¢rli¢ld Flomes Coiiin8le)'. Tru.qlees omcers The In￿¢¢$ #nd oificers during the yw aThJ Sir￿ thc ycar c￿1 urr¢ as follows: Tiu5tc¢$-. Mr Mark Silvcr (Chairl Mr Altrtn Praii Mr Ali51air Dod*rty Mr Petcr barp Mrs Sedgwick MT Simon Calla8han REVere￿i Mi¢haBI Greth Iresi8ncd I l F¢bruary 20251 Page I Butterfield Ilom&s, Cr05shills Board Report (contiDued) Oble¢tlves And Rel￿111¢S I'lie chariiy provides six residential uniis in Cro&thill& Qualifyin8 rts¥den¢s MU￿ be Mi less than 65 ye#TS of )gc and inhabiianis of Lrosshills. The Trustea4 provi¢k property mainienwKe 8t)d rtpai I'li¢ 'l'ruytees lake an adive inierem in the h¢41th •ThJ *llkin8 of thc rcsi(knts by undertakinA reguloT visits to Irsidents, No care 15 provid¢d by ihe ¢hariiy. Tlie Trusl¢¢s have coniinued a programme of imw>vtmtnt and m(Mi¢rnisation of Almshouses by upgrnding Iwhen appropi'iait, pailicularl). whcn a propcrty bccomes vacanL The TA￿tre.$ aim is ￿ provide and maiiithin 8 level of CLiimmodution ai o high sthndBrd. Publlc bentflt The I'1llXLCeS h4ve givcn dur TC8ard to public benefit ivhen plannin8 lh¢ ¢harity's aclivitie4 in Accordance wiQi ihe Charity I".ommis8ion's Guidance on Public Bcncfii. Valut for money 'rh¢ 'fru51cLs aim lo deliv¢r ils objeciive5 in Ihe MO￿ cost.¢ff¢alve FwibJ¢ bui cn5uring thai li provid￿ quolity hoines and serviLe% Ihai help il$ rtsidents ￿MaIn indepEfbdenL 'rhe weekly ¢Ontri￿li￿Th £93 PCT 1￿Ck durit)g the year. On l April 2025 the Tnt5tccs increAsed ihis ￿ £95 per week, 'fhcsc aniouni% below the levels Tecomm¢nd¢d by thc VOA. A¢hlevements fvnd ptrform*nee li 1$ Ihc Tru%l¢&%' policy w mainiain and prtservt the PTOWli¢s io # high ￿4ndard. Complillnce inyciion and plBnn¢d mdintenartce checks were mainiRin¢d throughoui IIK ycar. The chttrily pridu i1s¢lf OTh mc¢lin8 ¢k needs of irs kuidert8 wherever pwibk. This include5 i￿alling dtsabled adapiion5. In November 2024 a Quiwuennial RerK)rt w c￿led oui by Pcarcc Bottomley Ar¢hiteti$. 111¢ Tn]stCe5 4Te reviewng Ihc rcpori iviih a view io c4rrying Sugge￿ed repaiThlr¢Th)vai1or￿ The rewri highli8hied i5sue5 with dsmp which ihe Irustecs hod alirlldy lakcn slep5 lo re¢iify and ￿n[Inue th revieiy ￿ tsth q￿rIY knard ni¢¢iing. Oih¢r ￿￿1r3 du¥in8 Ihc yCHr included Wdll repwr% ￿)1￿￿￿￿ Ittd sili¢oth spTryin Thcrc no v￿arKI¢S during Ihe year. Page 2 Butterfield Homes, Crov4hills BoArd Report {conlinu¢d) Fln*htlal rtvltw P￿lIcY ott re$enies 'I'h¢'l'iv51¢¢s are ple&%ed 10 a surplus the year of£13.1kn2{2024 £25.4871 Tl* Trusiec5 have r¢vicived Ihe Charity's needs for Teserves in line wih the guidsrKe issued by Ihe Cliarity Cominission artd coL8ider it pmdeni thai reserves bc sufticicnl lo avoid tl* ne£tssiiy ￿ reali8e fixed assels. 'rhe 'fru%le¢s olt confident that the fijwre Ir￿ome will enable the Charily ¢0 m¢ei its foreseeable t*eds on ihc bgsis of planned expendiiure. The l¢vel of rcserwes it 3 Isi Mar¢h 2025 £280.633 12024- £267.571 I Alle* takin8 ithio eonsideration Ihc amounl tiLd lip in fixed asseis and Ihc a55()ciai¢d granl, Ivhich 1$ bein8 8mortised over Ihe life ofihc assets, the amoun¢ Hvlliluble in frec I'tscrvLJ 41 lh¢ yethr tr￿ £235.983. The interngl conirols ofand th¢ major risks and unte￿*nty 10 the Chariry arc rvicurd and niartiloltd snnually. Thc Trusiee.% ar¢ conlidcnl thai the pr(xedurts in place are su17icieni 10 miiigal¢ the fjnancial. mona8emeni and cl 85 the Ink%te¢s dtitrmine ]% necc5sary w enable the ple￿ratioN or rinan¢i81 $14icments thai are free froni matcri)l in1￿￿¢11¢n whtihcr dtse 10 or crmr. In i)r¢paring lh¢ financial stalemen￿ ihe trw#ees 21¢ r¢sw¥ibl¢ fw a5XSSin8 rhe association's abilily 10 conlinuc ￿ a 80ing CnTicern. disclosin& as applicable, mailers relaied ￿ 8oir)K conc¢rn ond ￿sing Ihe going conc¢m basis of a¢¢ounlins un1¢s5 thc IttLskes eiiher LO liquidate the ass￿l&l¢J￿ or Lo cease operaiion$ oi. hllvc 00 realistic Ilicrn#iive IXLI 10 do so. Atrdltor RtypoTrslblllflts for tht audlt of iht lltyintl*l $lattmtnls (ILlI' IibjeLIivL& a1.¢ 10 libi￿En reusiindblc assuran¢e a￿)ul ivhciheT lh¢ finEnc￿l Alliemenis as a whole 8re frec from maitrial missiaiemeni, ivhether due 10 frnud or crror. and io iwe 8* auditor's rewrt thai inclu&s our opini()n. Reawnable a&8ur#nce is a high level of &tyJnrte. i$ ￿1 a $w￿lee thai an audit eortdu¢ied in a¢wixlancc ivith 18A8 IIIKI Ivill *I￿y$ deieci 4 malcrial miwa*meni li ¢xist& Mitsraitment5 arisc from lil￿j or error artd arc cvn.8idcred I￿a￿rial if. indbvidually or in the thcy could reaxJn8bly be expected 10 influence Ih¢ tconomio deciiinn8 Df }L￿r5 lakcn on Ihe b&8is ofihese fitwKial sthiement In plaiinin8 and desi¥nit)g our audil iesis, we idenlily Rnd Ihe risks ofmaierial mIs￿alemen1 within the financial siaienients, whether due to fraud (K cm)r. Our asses5meni of these risks i￿ludeS CQn5id¢raiion of the naiuir lif the industry and Sector, the corttrol environment #tKI thc busin¢55 pcrformance along with the re511115 of ovi. cnquiries Ot. IMAnaEemeni, Rboul Ihcir own ideniifjcaiion athd &sses*neni of Ihc ri5k5 0( iTrcgular¢iies. We are also r4uired to perfoim specifjc w(K¢dur¢s lo risk of mana8emeni overri Follawin8 this aw&5menl considered ¢he opÉxw¢uniiies and incertiVC5 ihai may ex1￿ iTrilhin the eniiiy for fraud and ideniified Ihe gr¢aiesi poien(ial for fraud in evalualing thc lanRiblc We also obiained an undeT51anding of the leglll 8nd regulatory framem1)￿S that the entity op¢rnte5 in, thIDugh di.scu%sions iviih Iru$ices and oiher matymenL and from our commercial knoivledge and expcrience ofthe s¢clor in %4thi¢li Ihe eniily operate5. ID enable w5 ¢0 idcDlify thc key laws and reÈulaiions applicable to thc enliry. Wc r￿u5￿j on 5p¢cific llliv5 Hnd r¢8ulaiions Ithich %¥e considered may have a dircrl material eflec¢ Uie financial %iafrmenis oi. Ihc owi?iions of the eniity- including ItLe Housing ￿ Re8uKraiion Ad 2(M)8. tsxalion legislation, rtheciion. anii-hrib¢ry, environmenial 8Tbd healih ¥NJ safety leÈislalion. Page 6 Butterfield Homes, Crosshills Independent Auditor's Report to the Meniber8 of Butterfield Homes, Crossbills (Continued) We then perlomied audit procedures alkr wn5ideralion ol'the above risks ￿thIch iibcluded the following.. evalualing the exisle￿¢ and wal￿81i0n of Ihe fixed asset& and evaluaiing the appropriaiene&5 and consisiertcy ef Ihe depirciaiion w>lieies applted., enquiring of inanagctneni eoncemin8 aciual and poiewial liii841ion and claim4 pcrlormillg analytical PTocedurt5 10 i(kniify any wiusual w unexpected ￿laTIOnShIpS that may indi¢)l¢ ri$k$ ol- maierial missiaitnient due to fraud. reviewing ¢orr¢sw)ndente with the Charity's legal advi5 re￿Illg minuies of meaings of thos¢ ¢harged with ￿Verna￿t. and in addrL's8ing the risk of Iraud Ihrough manag¢n￿nI Iwffrid¢ of rtsnirols le￿ing the approwiafft55 of journal ¢nlrie% an(1 oilier adju4¢m¢ni& Jvsessing Whe￿ier ￿le jud8emenis Inade ill making accouniing esiimaies are indicJiiv¢ ora poieniial bi8s and evalvaling the bu5irK55 raiionale of any 51wJiliwt Iranwiii￿s ikni are unusual or Otstside the iiormal course ol'business. All engagemem ￿aM member5 Hrre ithformed of the rtlev8hi llws and Ye8ulaiions and w¢eniial fra￿j ri%ks at thc plthnnirtg li￿L thnd rerninded 10 remoin alert 10 Any indicaiions of fraud or non-cofflpli8n¢¢ laws artd reglllalions Ihioughoui the audit. The engagemeni parlner M$ur¢d Ihr colledively had the gpwopl'iale ¢omp¢l¢nce, cupobiliiics and ski115 10 ideniify such itrms. There are inherent limiiaiions irb ow 4udit pr¥)¢¢dure$ ¢ks¢rib¢d thv¢. Th¢ more removed that law5 and regulations are from linonc1￿ irnn5Hclion& Ik 1£ss likely it is thai %¥r ￿cOMe aiydre ofnon limit Ilie audit pr(Kedurts requircd io sdcnlify nonthcthnplihn¢¢ ￿1h Ihws and reEu181ions ￿ enquiry of Ihe Iruyice% and oihcr managemcnt and Ihr inspedion ofrt4ul8thry and le8AI c1)rres￿ndence. ifany. Maiei'ial mi&$iatements Ihai arise duc iu frnvd b¢ horder to dde¢l th*th th08e thai arise from ernjr as they may Involv¢ ¢JLliberniL conrcalm¢nl ortollu$i(>n. A fui'ihtr descripison of OUT r¢$W￿lbilit1es is available on the FinwKial Reporting Council's wrbsi* al.. www.frc.nrg.uklaudilarnreswrtyibiliiies. This descripiion fornis part of our wdiioT'S rcport. Ust of reijori This repoii is made 501ely to Ihe awialion Irv*￿ in w)rdI￿¢ with Pirt 4 of Ihe ChoTiiiCJ (Accounis and Rerrfjrtsl Rcgulalion% 21X)8 and sc£¢ion 137 ofihe Housing and Regeneraiion Aci 21N)8. Ovr audii w>rk ha5 bccn undcnakcii 50 thsLI we might sisLle to Ihe Irus(ei% Ihose mailers are required 10 stsic ￿ Ih¢m in &n audilors, report lor iio oiher piii'pos¢. To Ihl, full¢si ¢xi¢ni pcrmiiied by law, do nol atcepl OT asstsme rewthsibiliiy w anyonc olhcr Ilian th¢ 8&SOCIRlitsJ and 115 irust¢es ¥ a Wy, for our audii wo￿. ror Ihis rep￿, or for thc Opinio￿ have formcd. WdlSI)n Buckle Limiied Staiiiloiy Audiior & Charl¢red A￿Ountan15 Bradford Dale,. 2910912025 PaEe 7 Bulterfield Hnmes, Cr05shilLs Siglement ofConipreheDsive Ineome for Ihe Year Ended 31 Marcb 2025 {Inclu(liiig Ineome Expendilure Account) 202.4 2024 Noit Turnover 32.537 31.921 Adniinistraiive ¢xp¢ndiiure 132,0141 117.293 OperxtliJE yvrplu51ldefi¢lt) Inc(Im¢ li'om Iixld ussei invesiments Ini¢ir81 receivable and similar income Movements in fair value ofiinaricwl inthmcrbts 523 7,137 982 4,420 14,628 6.555 761 3.543 Sui'ylu51ldtnclll for tht year 13,062 25,487 Totthl ¢hinprthtiislv¢ In¢oine for the y¢or 13.(kn2 Z5,487 All of Ihe registered social housinK provid￿$ *¢iivilies derive fmm coniinuin8 opeiailonsduring the above Im￿ periods. The financial si•i¢mertts w¢re approved by the board and auihonsed for I￿U¢ on 19 .. by.. %nd 5igncd ot) iheii. behalf Tnislc 'I'n￿e notes on 12 to 17 forn) an integrnl p*[ ofthese finanti#l wiements. Page 8 Butttrfield Homes, Cros5hills Balxttct Sbee( as at 31 March 2025 2025 2024 Note Flxed Rsyetx Tangible as8¢lS Invesbmeiits 185,488 177.357 190,973 166,818 362,845 357.791 Current assets DebioiE Cth artd short4erm dep051 3.451 57,992 3,274 53,190 61,443 56.464 Ci'¢dltors: Aiiiounl$ f*lllkn8 due wlthln one year 6,338 15,146 Ntt current g5sels 55.105 50,618 Total issets leu ¢ui'r¢nt Illbllltles 417.950 408.409 (Yedltors.. Amoynlj fAlllnff dut After mort than on¢ y¢•r 10 1)7,317 140,838 Net asjels 280.633 267,571 Funds of the chAI'lty'. Incoine and cxpenditure reserve UntCSli'iLied revaIl￿lIOn rc5ery¢ 234,019 46.614 225,177 42,194 Tol41 luiids 2RO,633 267.571 The fin8nciAI slatcments iY¢rt appmved by the trthrd and 4u¢lw1s￿ for issue on &.. by.. ..Ind sis￿d on Ihtii. b¢half Tru.%te Ttwlee The notes orb pEes 12 ￿ 17 fomi an inlcgrdl r*rtofihese financial sta¢enients. Page 9 Butlerfield Homt5, Cr053hi118 StateMe￿t of Changes in Reserves as at 31 March 2025 In¢ome Ind exptnditvre Rtvxluxtion serv Total Al l Api'll 2024 Sui'pluslldeficill for the year Revaluaiion of invesimertts 225.377 42.194 267.571 8.(A2 8.642 4,420 4,420 4.420 Tfliil ttslblljrelitnslvt Inrome At JI March 202S 8.642 13,062 280.633 234,019 46,614 The noie5 on pages 12 kn 17 form wrb intrgral pgrtofihtsc fJtwxia] s(atemenis. Page 10 Butterfield Homes, Crosshill$ Cash Flow Statement for the Year Ended 31 Mareh 2025 Re¢onclliatioii ofijot IllOVCMlCllt In to net cosh Ilow fro￿ optmtlng #ttlvitlos 2025 2014 Nct irtcome Invcstment income t)epirciai¢on IPrt)liil Iloss on revalualion orrixed asJ¢t inveAmertl5 Increase in debtors Decrease in Crediiors lJ.(kfj2 25.487 5.485 14.4201 {1771 3.029 5,48S 13,5431 14021 (3.017 Nei cash infloiv 16,094 CAsh flfjw statement 2025 2024 NLIt La%h inflow froni op¢Ming a¢livities 2,802 16,694 Relui'ths on Inveslnients and se￿1¢1n8 tsffin*#ee Iniere%l receivable and.giniilar inco)nc Oiher incDm¢ frum fixed it)vestmenL% 982 7.137 761 6.555 7,316 C_'apllAI txptndlture ind nn*n¢l¥l lttvesimtnl Purchllsc ol'in%c%imcnis 15,575 liicreg%e cA$h lrt the year 4,802 111,435 Retoiiclliatlon of ntl t*sh now to mov¢mtni lth thtt funds Increasc in cash 4.802 18.435 Ncl funds #t l April 2024 53,190 Ncl fund% ai 31 MaKh 2025 57,992 All of Ihe cash llowa are derived from wnlinuin8 r4)eMlonsduri￿ the abov¢ i%W) perityjs. Th¢ on page5 12 10 17 form on iniegral T*rtof Ihege financvdl Aatements. Page 11 Bulterfield Homes, Cros5hills Notes to the Tr'inaneial Stalemenls for tbe Y￿r Ended 31 Mareb 2025 AccouDtln2 yollcles Gtiiti'#l infoi'matio Tli¢ charily is a regislcred social hou￿*8 pn)¥ider. regi5tcrd in Cngland and Wak5 Cliai'ily registration number.. 2268S3 Regulaior ol's￿181 Housing r¢gisiration A3163 Almshousc A$s￿la110n meMbe￿IP number.. 1355 Thc uddre55 of Ihc re8isi¢r¢d using provider Constitu￿ a publi¢ t¢nefii ￿litY a% defincd by FRSIO2. The %i8nilicuni ￿¢OUntIng policies applied in the prep4raiion of Uiese financial Mcments are set oui below. Tliese policies huve been consislcnily applied w all years pre*nled Unle￿ Nhen¥ise sts*d. 'rhe charity's funciionil and wesentsiion currency ￿ pound5 thrlin& 512nlfi£ant lud¥tmen¢J #nd e511inxtts l)rLPUI'41ii>n ol'ihc finunci•l smicmenis requires man•KeDJ¢nt ¢0 make si8nifi¢an( judg¢m¢n15 and e5rimaies. Th¢ il¢ms in Ihc finaiici21 sialcmcni8 where Ihese judgtm¢nis and eAima*s have bttn ma¢k include.. Deyi'eelatlo ManagcmenE r¢view its esiimates useful lives of the deyeciibl¢ wcts ai t￿h rewting dale. HoHrver, by Iheir nalure component life cannol bc detrrniined with abwlule ¢¢dwniy. Turnovtr 'I'iiixovcr Irpresertts wvkly m41nttna￿e ¢horye rec£ivAble, including rates in th¢ ycar ne¢ of fmm voids, and Rmorlislliion ofgovtrnment grnn Social Grant Social 110￿1￿8 Granl ISHOI 15 rcttivable from the Homcs and Communities Agency llr￿ 1$ uiiliscd 10 reduce the capiittl costs of ho￿51n8 propErtie& The SFIG is rccognised in irteonie on a 5y51emaii¢ basis over thE ¢XPCCtcd useful economic life of the assct. Page 12 Buttcrfield Homes, Crosshills Notes to the Financial Sialemenl.8 for Ihe Y￿r Ended 31 March 2025 (continued) IDveslinolll liicomt Incuine is eamed Irom holding fixed assets for inv¢5tsn¢nt PWJMJ5U ks rtewised recciv4ble artd Ik amouni con be measuird by the charity. Inltrest on lunds held on dcposil LS included ivhen re¢civabl¢ I￿￿ the amouffl can k mca5ured by the chsriiy. Iri'e¢¢iver*blt VAT IrreLovev8ble VAT is char8cd aRainsi the c4trgory of rtwjrcu ¢xp¢nd¢d for￿thI¢h li incurred. 'I'he Irgistcrtd social housing provider is tonside￿d io pass Ihc les¢s sei oul ith Paragrnph I Schedule 6 Of Ihe I"-inance Aet 2010 a¢￿ th¢rcloTC il meets th¢ dcfiniiioD ofo ¢li&riitsbl¢ comparty for UK corwralion lax PUTpo￿ Accordiiigly. Ihc Lliarily is poieniiall> exempt fr￿￿ WXAlion in res￿1 of inc(xne OT ¢apilo1 gains rtceived M'ithln ¢alcgoii¢5 covered by Chapicr 3 I l ofihe cOr￿ratI¢)n Tax Aci 2010 or Seciion 256 of ihe T￿lIOn ofchar8eabl¢ Gains Aci 1992. 10 the ¢%￿n¢ IhHI 4uch income orgains are applicd ¢x¢lu$ively LO ch8rithble pur[￿$ TAnRlblt lixtd amets Tdn8ihl¢ fi¥cd lin¢ludirbK social housing prop¢rtie51 ire siatrd ai cosi or d¢￿ed less aecumulalcd d¢iirLciaiioii #nd accum￿lIted impaimicnl l(w¢$. Cos¢ includes ¢0*5 direcily Jttrilwi8ble to makiJ)B ihe as5el cap41)l¢ of OPLraiin8 u¥ iniended such 85 Ihc tusi of acquirin8 land and buildings. developmen¢s C￿$, ini¢rcsl rh&r¥L8 on lottns duriiig Ihe devclopmcnl per1￿j and exF¢ndiiur¢ ott improvemenis. F.%[Kndii￿r¢ on improvcments of In0￿ Ihan £500 will unly he cipiialised when il rcsuli$ itt i￿remental Iuiure kncfils such ￿ intreosing renial inconic, I'¢ducin¥ msinienance cos15 or rewliing in a s18nili￿nl e¥ieDsion of th¢ economic life ol'ihe propcrty. (kpir¢iAlion 1.8 provided on tsngiblc fixed so as the ¢ost ￿ val￿tion, Icss any CSlim4tcd r¢sidual value, over their expccted useful e¢onomi¢ life a5 follo￿￿.. Ays*t clmss Dtpttclxilott mtlhod rJl¢ Plant and equipment IO% swai8hi line bRsis Pr(4)eriies 50 yea Doors and windows 30￿&T$ KilLhLmS 20years Baihi'oom 25 years EJoil¢rs IS ye*r8 Elecirical and healing irLslallations 25 ycar5 Majnr componcnls of hO￿ging properties hav¢ ken accotsn*d for and deprcciatcd SCP&fdtely from the connccied housing prop¢rty, over Iheir expccted us¢fvl economic lives. lTh¢ costs ofreplacing Ihese eomwiien15 arc c4iiiialiscd in full. The rosls of partlHlly rcplllcinB orrepairirbg th￿ ￿rI)rIa*S th&rged ￿ thc comprththsive inwme. Inve51wents recognised initially al fair v8lu¢ wthieh is nornially thc Irtsnsaciii)n price excluding Iranwtion costs. Subsequ¢ntlyi Ih¢y are niea5ured ai fair valu¢ ihrough the Sta￿Methi ofeompreliensive income if Ihe 5harts are publicly 11'4ded OT theiT fAir value can olhcmse be measured reliably. (Xhcr invcslmerts are mt￿r¢d at cosi les5 iinpairnienL Fi￿£1icI1l i￿strume￿￿ I'he regi51er¢d social hotLsing providcronly has financial liabilities ora kind that 9ualify &$ b&%it financial insiruiiients. Basic linJn£ial in51rumenis are initially reco8nised ai IransaciiM value ¥rKS subwuenily measured ￿ their seltlement value. Pagt 13 Bulterfield Homes, cr{￿h1113 Notes to th¢ Financial Statements for the Year Endtd 31 March 2025 (continued) l)tbtors IX,bioi's are rccognised ittiiially mthen thy Frt¢ome due al the tsznwtion price. lThey are subsequ¢n¢ly measured ai amoriised ¢o%l ￿sIng Ihe effective inierest r8ie tnethod. less proi'ision for itnpAirni¢nL A provision lor iillpaiiyneni or debtors Is esiablislied when Ihtf 15 {￿je￿$ve evidenc¢ tha4 the cJ)8rsty will ttsm be abic lo collea all amounis due according lo the original *mis ofihe debknr* Clykn easli equlv*lents Cash dnd Lash ¢quii'a1¢1115 eomprise ¢&8h haryi and call deJM)siLS, and oih¢r 5hort-iern? highly liquid invfsunents thai arc readily convcrttble EO a krw amouni ofca8h athd irt subjeci w 8n bnsiRnifwi ri$k of chHnge in value. Ci'ediitsrs Ci'Ldilui's al'e obligaiions 10 pay for Trnd 5crvices Ihai ha￿ b￿n nquired by the chartty. Creditors iniiially recognised xi Ihe Irllnwiion price and subscquenily rjjcowred at amortised wsing Ihe effcctive inkTtSl iiicthod, 2 SociAI housliiR tllrnovtr gnd costs 202S 2024 Tui'nover Rents I't£eivibl¢ IMh¢r income 29,016 28,392 Amortl.SLd social howing grnni Turnover from so