| ccNTtrhrTS | PASE |
|---|---|
| Report ofthe ExecutiveCommittee | i-3 |
| StatementofExecutiveCommittee'sResponsibilities | 4 |
| Independent Examiner'sReport | t* J |
| StatementofFinancial Activities | 6 |
| BalanceSheet | aI |
| Iriotestothe FinancialStatements | I -13 |
| DetaiiedF{ostelPropertyRevenueAccount | 14- |
| Pro.fes si_on?l. Advisors: | |
|---|---|
| IndependentExarnin ers | AF{Cross&CoLimited Chartered Certified Accountants |
| 15 Quay Street | |
| Nsr1rport | |
| IsleofWight | |
| PO3O SBG | |
| Bankers | Llo5,dsBank plc |
| 35 LlnionStreet | |
| R-vde | |
| IsleoftrVight | |
| PO33Zr"E | |
| Solicitors | Robinson Jarvis&Rolf |
| 1BNleh,ille Street | |
| Ryde | |
| IsieofWight | |
| PO332AP | |
| IlvestmentAd-,risors | Charles Stanley&CoLtd |
| 25Ropemaker Street | |
| L,ondon | |
| tr,C2YgLY |
| ABBEY-FIEr,Q&YQiisocipTY_LIMITED {TIJEI sTAItrlvItrNTAFIINANAiAI"AATLVJTItr$ FOBTHtrUE.+REiiiilill)3I*MABC"LI 2Q25 |
|||
|---|---|---|---|
| Notes | 2A25 | 2p23 | |
| s | C&/ | ||
| INCOMINGRESOURCES IncomingresourcesrrJm operating activities |
infurtheranceofthe Charity'sobjects: | ||
| Residents'charges | 232,123 | 208,266 | |
| Investmerrtinccme | 5 | 35,586 | 33,392 |
| Otherincome | 6 | 600 | |
| Rentalincarne | 2,400 | 2,144 | |
| Grantsreceived | |||
| Total incomingresoi-lrces | _27L,1A9 | ._254.650 | |
| RtrSOURCtrSEXPtrNStrS charitableexpend.i.tureinfurtheranceofthe |
charity'sobjects: | ||
| RepairsandmainteRance Ser-v-icecosts Ivlanagementandadministration |
14,258 2A1,450 _25,254 |
\4,232 L87,,719 22.8O7 |
|
| TotalresourcesexPended | 240.962 | 22*,738 | |
| Netincorningresources Unrealisedgains/fiosses)on investments |
ii | 3A,L17 3.446 |
19,900 47,781 |
| 33,593 | 64,5A1 | ||
| Totalfundsi;roughtfor-arard | 1443398 | 1,47.9"89_7 | |
| Totalfundscarried forward | sI*EZ8_ge-_L | f,#1339E |
| BALAI{CESHtr_trT | |||
|---|---|---|---|
| AT31 2025 |
|||
| Notes | w2s | ?4,-4 | |
| s | s | ||
| TANGiBLtr FIXtrDASStrTS Housi_ngLand-apd Euiidingg Gross cost |
I | 842,625 | 831,061 |
| Sociall{ousinggrant Depreciation |
41,OO7 __L69,?75 |
41,OO7 i s3^73Q |
|
| Ittretbcokrralue | 53',2,,343 | 636,324 | |
| Furnishingr_andEquipment | 10 | -5.546 | 6.58.5 |
| 637,889 | 642,909 | ||
| Ii.{TANGIBLEFIXtrDASStrTS Investrnents |
l1 | 7*A,L9L | 736.745 |
| TOTALFIXtrDASSBTS | i.3'78-080 | 7,379.654. | |
| CURRENT ASSETS | |||
| Debtorsanrt prepayments | L2 | ||
| Cashatbankandinhand | _JU?_JZZ 209,727 |
1_80"3E8 180,388 |
|
| CURRENT LIABILITIES | |||
| Creditors: amountsfallingCuewithinone year | 13 | 9,7.L6. | J5.'544 |
| NtrT CURRtrNTASStrTS | 200,011 | __7@&As | |
| TOTAL ASSETS LESS CURRENTLIABILITIES | sLSle*89l | s1*Q4g4Zq | |
| Represented by: | |||
| UNRtrSTRiCTtrD FUNI}S | 11 | f,lEf-EJ]gl | sl*541-'{9_8 |
| ? | F{OUSiNG STOCK | 2A2i | w24 |
|---|---|---|---|
| !{ostel accommodation*numberof bedspaces | __15 | 15 | |
| 2025 | 2024 | ||
| s | s | ||
| Operatingcosts inciude: IndependeltExaminer'sremuneration (including otherservices) Depreciation |
1,950 16,584 |
1,789 ,17,565 |
|
| s18.534 | s19.354 | ||
| r | INTtrREST RECEIVABLEANDSIIViILAR INCON{E | 2A25 | 242+ |
| a\& | !-dJ | ||
| i.iste,Cinvestmentincome(gross) Llor.ds TSBdepositinterest(gross) COIFdepositinterest(gross) |
30,320 234 6,032 |
29,066 221 4.1Q5 |
|
| ,: | t*lT1-{EF.ir'il'l-)l,'IE | ||
| ],ol.,a:rr* llSai':j -.=a i--^:-S |
600 | ||
| Or-irti- iitaoil-a | |||
| fl:--J | s:s0-o | ||
| ; | trN{PLOYtrES | 2025 _r. Cxril |
za24s |
| Ernplolieecosts: Salariesand\rages Pensioncontributions |
116,771 917 |
100, 117 695 |
|
| National insurancecontribrutions | |||
| s"Llzsa.s | s:IgQsp- | ||
| Averagenumberof personsemploSreCduring theJiearincludingpart-timeemployees: D |
2025 | 2Q24 | |
| Fiostelstaff | _il | L2 |
| 8. | PAYMENTSTO MEMBERS, COMMITTEE MEMBERS, OFFICERS |
,ETC | |
|---|---|---|---|
| 2p25 | 2W* | ||
| .+.' dJ |
l-'& | ||
| Fees,remtlnerationorexpensespayabletomembersofthe | |||
| Societywho were neithermembersof theCommitteeof | |||
| Management,norernploSzeesoftheSociety | Nii | Ni1 | |
| Fees,rernllnerationorexpensespa3rabletomembersofthe | |||
| CommitteeofManagementof theSocietywhowereneither | |||
| officersnorernpioyees oftheSociety | Nil | Nii | |
| Fees,rerrnrnerationorexperisespaidtcofficers oftheSociety | |||
| who werenotemployees | Nil | Nil | |
| Pa.mentsorgiftsmade,orbenefits granted,tothepersorrs referredtoinsection13and15of theHousingAssociations |
|||
| Act1996 | NiI | Nil | |
| 9 | HOUSING LAND AND BUII,DINGS | ||
| SF{GAssisted$chemes._Freehoid | 2025 | w2! | |
| €' aL) |
s | ||
| Cost-CompletedSchemes | |||
| Attr-April2A24and 31 March2O25 | 83i ,067 | 811,890 | |
| Properfyimprovernents | 11,564 | 79,1.7| | |
| At31 hlarch2O2r | 942$2i | a3rs61 | |
| Depreciaticn | |||
| At1April2424 | i53,730 | 138,812 | |
| Chargefortheperiod | 15,545 | 14.91B | |
| At31 Viarch 2025 | 16e^?15 | l53,7Qg | |
| SOCIAL HOUSING GRAI\T | 41.OA7 | 4L,,OO7 | |
| XetBook\ral_qe At31lV{arch2A25 |
sEQ2*&3 | el&$24 |
| ,. | :-RI'IISHINGS ANDtrQLUPMENT | |||
|---|---|---|---|---|
| ?o.25 | ?o2* | |||
| s | 0 | |||
| Cost | ||||
| At1April2A24 | 71,234 | 74,231 | ||
| Additions | ||||
| -{t31 March2A25 | 71,?34 | -7+.,234 | ||
| Depreciatioq {r1April2021 |
67,649 | 65,002 | ||
| Chargefortheperiod | _ | 1.039 | 2.647 | |
| {t 3i},'larch 2A25 | ___6$,688 | 67^649 | ||
| lietBookValue_ r:31llarch2A25 |
s:js46 | s_q@ | ||
| ].tr. | IN1rBSTMBNTS | |||
| 2925 | 292+ | |||
| Lrstedinvestments: | ||||
| \t1April2A21 | 7 | 36,715 | 692,444 | |
| Sharespurchased | ||||
| Sharessolci | : | |||
| 7 | 36,7+5 | 692,A44 | ||
| 3,1+6 | 4+.7*q1 | |||
| sz40_J_9a | 9,73fi.2L5 | |||
| I{istoricalcostatiApril2A2+ | 515,lgO | 502,484 | ||
| Cost of sharespurchased | 37,830 | 37,4r2 | ||
| Costofshares soid | -t1o.7_11| | (21^7J6j | ||
| Flistoricalcost | fi5_12A96_ | fls ls*i_go | ||
| -: | DtrBTORS ANDPREPAYMtr1YTS | |||
| w?5 | 2024 | |||
| Amountsfailingdue r,vithinoneyear: | ||||
| Otherdebtors | CC dr |
dJ |
| General Reserve |
RerraluaLioq &sel:ve |
2O25 | 242* | |
|---|---|---|---|---|
| At1April2A23 \etmovementoffund"s |
1,152,7 3L 33,593 |
391,767 | L,544,498 33,593 |
L,479,897 64,60L |
| Transferof reYaiuation | --i3,449) | 3"116 | -- | |
| \i-3i h{arch2A24 | Sl*@ | s3ru | s,152&-0_9j | S1.544,49_8_ |