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|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|





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||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|





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||Notes|2025|2024|
|---|---|---|---|
|||£|£|
|Tangible fixed assets||||
|Tangible Assets<br>- housing properties|w|210,600|213,739|
|Tangible Assets<br>- 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<br>- Property Finance|10|24,602|24,602|
|Designated<br>- Cyclical Maintenace Fund|10|7,824|7.824|
|Designated<br>- Extraordinary Repair Fund|10|32,067|34,016|
|||27,899|132,927|





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|3. TANGIBLE FIXEDASSETS ~ HOUSING|PROPERTIES|||
|---|---|---|---|
||Property|Property|Total|
|||Improvement||
||£|£|£|
|Cost||||
||Building|Structure||
||Costs|Component||
|At<br>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<br>1 April 2024|(20,935)|(51,237)|(72,172)|
|Charge for the year<br>As at 31 March 2025|246<br>(21,181)|(5,227)<br>(56,464)|_(5,473)<br>(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.||||



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|||2025||
|---|---|---|---|
|||£||
|Cost at 1 April||62,751||
|Additions||70,877||
|Disposals||||
|As at 31st of March||133,628||
|Depreciation||||
|As at<br>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|





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||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<br>RESERVES|Property<br>Finance|Repairs Fund<br>Extraordinary||Cyclical<br>Maintenance<br>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|








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|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|