| Trustee, Independent Examiner and Bankers | 3 |
|---|---|
| Report of the Board ofTrustee | 4-5 |
| Report of the Independent Examiner | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9-15 |
| Notes | 2025 | 2024 | |
|---|---|---|---|
| £ | £ | ||
| Total | Total | ||
| Funds | Funds | ||
| Income from: | |||
| Charitable activities | 11 | 99,040 | 69,262 |
| Investments | 12 | 160 | 387 |
| Total income | 99,200 | 69,649 | |
| Expenditure on | |||
| Expenditure resources from: | |||
| Charitable activities | 13 | 202,279 | 253,452 |
| Total expenditure | 202,279 | 253,452 | |
| Net income/(expenditure) before other recognised gains/(losses) | (103,079) | (183,803) | |
| Other recognised gains/(losses): | |||
| Unrealised gain/ioss on investment assets | (1,950) | 5,839 | |
| Net movement in funds | (105,028) | (177,964) | |
| Operating surplus/deficit | |||
| Total funds brought forward at | 1 April | 132,927 | 310,891 |
| Total funds carried forward at | 31 March | 27,899 | 132,927 |
| Notes | 2025 | 2024 | |
|---|---|---|---|
| £ | £ | ||
| Tangible fixed assets | |||
| Tangible Assets - housing properties |
w | 210,600 | 213,739 |
| Tangible Assets - equipment |
4 | 101,121 | 34,443 |
| Investments | 5 | 68,190 | 70,140 |
| 379,911 | 318,322 | ||
| CurrentAssets | |||
| Debtors | 6 | 7,223 | 125 |
| Cash and cash equivalents | 78,670 | 78,590 | |
| 85,893 | 78,715 | ||
| Less: creditors | |||
| Amounts falling due within one year | 7a | (383,884) | (208,178) |
| Net current assets / (liabilities) | (297,991) | (129,462) | |
| Total assets less current liabilities | 81,921 | 188,860 | |
| Creditors | |||
| Amounts falling due after more than one year | 7b | (54,021) | (55,933) |
| Total Net Assets | 27,899 | 132,927 | |
| Capital and Reserves | |||
| Permanent Endowment Fund | 8 | 6,183 | 6,183 |
| Unrestricted Income: | |||
| Accumulated Surplus | (42,777) | 60,302 | |
| Designated - Property Finance |
10 | 24,602 | 24,602 |
| Designated - Cyclical Maintenace Fund |
10 | 7,824 | 7.824 |
| Designated - Extraordinary Repair Fund |
10 | 32,067 | 34,016 |
| 27,899 | 132,927 |
| 3. TANGIBLE FIXEDASSETS ~ HOUSING | PROPERTIES | ||
|---|---|---|---|
| Property | Property | Total | |
| Improvement | |||
| £ | £ | £ | |
| Cost | |||
| Building | Structure | ||
| Costs | Component | ||
| At 1 April 2024 |
24,604 | 261,307 | 285,911 |
| Additions | 2,334 | 2,334 | |
| As at 31 March 2025 | 24,604 | 263,641 | 288,245 |
| Depreciation | |||
| At 1 April 2024 |
(20,935) | (51,237) | (72,172) |
| Charge for the year As at 31 March 2025 |
246 (21,181) |
(5,227) (56,464) |
_(5,473) (77,645) |
| Net book value at 31 March 2025 | 3.423 | 207,177 | 210,600 |
| Net book value at 1 April 2024 | 3,669 | 210,070 | 213,739 |
| The property is freehold. |
| 2025 | |||
|---|---|---|---|
| £ | |||
| Cost at 1 April | 62,751 | ||
| Additions | 70,877 | ||
| Disposals | |||
| As at 31st of March | 133,628 | ||
| Depreciation | |||
| As at 1 April |
(28,306) | ||
| Charge for the year | (4,201) | ||
| Disposal | |||
| (32,507) | |||
| Net book value | at 31 March 2025 | 101,121 | |
| Net book value | at 1 April 2024 | 34,443 | |
| 5. INVESTMENTS | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Fair Value as at | 1 April | 70,139 | 64,300 |
| Additions | |||
| Disposals | |||
| Revaluation | (1,950) | 5,839 | |
| Fair Value as at | 31 March | 68,190 | 70.139 |
| Cost as at 31 March | 13,018 | 13,018 |
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Amounts falling due within one year | ||
| Rent/service charge arrears | 14,337 | 2,246 |
| Less: provision for doubtful debts | (8.852) | (2,121) |
| Other Debtors | 1,738 | |
| 7,223 | 125 | |
| 7a. CREDITORS | ||
| 2025 | 2024 | |
| £ | £ | |
| Amounts falling due within one year | ||
| Amount Owed to L&Q Group | 312,178 | 175,025 |
| Prepaid Rent | 2,546 | 3,282 |
| Welfare benefit & rent adjustment | 567 | 567 |
| Grants | 1.912 | 1,912 |
| Accruals and deferred income | 66.681 | 27.392 |
| 383,884 | 208,178 | |
| 7b. CREDITORS | ||
| 2025 | 2024 | |
| £ | £ | |
| Amounts falling due after one year | ||
| Social Housing Grant | ||
| At 1st April | 57,845 | 58,279 |
| Amortised in the period | 1,912 | (1.435) |
| As at 31 March | 55,933 | 57,845 |
| To be amortised in less than one year (nole 7a) | 1,912 | 1,912 |
| To be amortised in more than one year | 54,021 | 55,633 |
| 55,933 | 57,845 | |
| The total grant received is £95,610 (2024: £95,610). |
| 8. PERMANENT ENDOWMENT FUND | ||||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| £ | ||||||
| This represents the value of the investment in 1988, The use of | this fund is | limited | 6,183 | 6,183 | ||
| and can only be used to generate income from the Trusl | ||||||
| 9. ACCUMULATED SURPLUSES | 2025 | 2024 | ||||
| £ | £ | |||||
| Opening Batance | 60,302 | 244,105 | ||||
| Deficit for the year | (105,028) | (177,963) | ||||
| Transferred in designated reserves | 1,850 | (5,839) | ||||
| Spend frorn designated reserves | ||||||
| Closing Balance | (42,777) | 60,302 | ||||
| These surpluses are readily available at the Trustees disposal | ||||||
| 10. DESIGNATED RESERVES |
Property Finance |
Repairs Fund Extraordinary |
Cyclical Maintenance Fund |
2025 | 2024 | |
| £ | £ | £ | £ | £ | ||
| Balance brought farward at 1 Apri | 24,602 | 34,016 | 7.824 | 66,442 | 60,602 | |
| Transfers from accumulated surpluses | (1,950) | (1,950) | 5,833 | |||
| Spent in the year | ||||||
| Rounding Difference | 1 | |||||
| Balance carried forward at 31 March | "24,602 | 32,067 | 7,824 | 64,493 | 66,442 |
| 17. CHARITY FUNDS | ||||
|---|---|---|---|---|
| Unrestricted | Permanent | Endowment | Total | |
| Analysis of net assets between funds | funds | fund | ||
| £ | £ | £ | ||
| Fund balances at 31 March 2025 are represented by | ||||
| Tanaible fixed assets | 379.911 | 379.911 | ||
| Current assets | 79,710 | 6,183 | 85,893 | |
| Creditors -- amounts falling due within one vear | (383,884) | (383,884) | ||
| Creditors - amounts falling due after one year | (54,021) | (54.021) | ||
| 21,716 | 6,183 | 27,899 |