TH PASS HOUSING A so IATIO IMITED BY G AEL4NTE TEDA unis ear SID 0607
LIMI BY GIIA EE TENr Legal arwA AdminEstrative ]nforn¥iio TnJste¢'s Repor¢ Independ¢ni EKaminerfs k¢p)rt Ststem¢nt of Financial ActLVities BaJanc¢ Sh¢¢t Not¢5 to the Account 7.10
THE PA SIN ED AS oci UA TI The Pass HoustQ8 Association Limited 260607 TE FFI First Floor SuEte Drapers Ho Market Pllce Somtn$ter Newrton Dors¢t DTIO IAS TE DNUM 970913 EE AND FFI ER Ch8imian- Mr A Stevens Vt¢¢-Ch8innan- Mts J L¢g8 Other Trustees- Mrc Kezjncdy Mr J SniM)k M5 E Daros Mr D Savage IAppotn*d 10th May 2023} Mn M Brooks Secrrtary- During th¢ year the ftsllowing officers retired by rotation atMI were re-elected. Mr C Kenndy Ms E Daros
TH SING ITE BY IMITED TRUSTEES, RE The trn$e5 pres¢rti iheir TeEK)rt and th¢ acCOts fot th¢ year ¢nded 31st fkc¢mbcr 2023. The legal and admit)istTRliV¢ infomiLOD set out on pag¢ I fomw pafl of this repn. The a¢counts comply with turrent sthtuiory requiTemeDts. the meTOOTandum and artIleS of a&s(i8tion and the Ststelnent of Recommended PrgctLC¢'AccountiDg and Reporting by Ch4riti¢s" SORP IFRS 1021. TRU VERNAN ND GEMENI The A550CiatiOn W&8 incorpoTaied ov 26ih January 1970. It is limilcd by guarantee and is registed as charity with the Charity Commission. The Affairs of the As&t101) are 8overJed by it5 mtmoT8nthim aDd artieles of a&swi8tiott. The Ihabiliry of ihe members in the event of the Asso¢i81ion be8 wound vp i5 5imited 10 a sum exceeding £5. Responsibility for the management of thr As50¢tiott and its asset& 15 vested in th¢ Board of Trusiees. Therc ar¢ six m¢mbern Ilist¢d OD pagy l). all of whom act in a voluntsry capacity and were ¢l¢cied by the Board. Twstec turnover is low and therefore no formal tKJliey fi)r the rurrtnt recruitment and appoJnirneDt of trustees Is ¢on5id¢red nxess9ry. No statTare ¢mployed by the Association. HE NEFIT BJE Iv TivrriES FOR Th¢ Alation ¢onrinued its policy of providing aCcond311on to ¢at¢r forthe 8cIal needs of t tteedin¥ care and attention throu8h age. infirnjity. sicknL%5, disabiliiy or poverty and eiiber having been born i the p8tish of Wootton FitLViDe or having resid¢d in th¢ pari¥h or the immediatc vicinity for tsot1¢5s thaD five year5. Th¢ trustrc$ confirni ihai th¢y hav¢ referT¢d to the guidanc¢ tontsirted in the Charity Commission's 8¢neral guidance on public benef)I whcn *eMewing the Trust's alw and objectives and in plat1n8 filre acuvilics. HIEV The AS513110,S ¢1ve propertses in wttOn Fitzp8in¢ were let throughout the yeftT with th¢ exception of 21 Meerhay for a p¢riod of 4 months which had a of tenBni. The AS181100 continued io Lh8r¥e rents and (eiVe b80k interest, iothl incoTne for the ycat bcing £86.120 compaT¢d with £83,516 sn the previous year. Gen¢t81 properry TepaiT4 and tnaint¢nanc¢ works were Larritd out in the yr amowjting to £67,001 compared with £62,567 in the Previou5 year. IncTta5ed rental income aryd incr¢ased TepaiTS expenditure resulted in a deficit Of £9,833 {2022:_ deficit of £8,738). funds now 5tandin¥ at £366.003 (2022=. £37q,836}. Th¢ tsWSt¢¢s consider the stat¢ olthc AssOCii(iOD'5 affairs w be sat15faelory. All th¢ Association¥ fvnds are unrestricted 8nd therefore exp¢t)dable at the tslJSttts' dis¢reuon on thc ch¥ritabl¢ purpos¢s of the Aswiation. Reserves are required mee¢ totb general n]aiTht¢nanc¢ ¢xpenses and to Set aside any exc towards mAjor r¢pairs or fuDJr¢ properry iryovements.
THE PASS HOUSING ASSOCIATION LIMITED LIMITED BY G ARANTEE RT NT STE ]Br[S The tru5tee5 {who are a150 th¢ dI[lOr5 of Th¢ Poss Housing A5yKiation Limited for th¢ pwpos¢s of Gompany lawl are resronsible for preparing th¢ annual rwrt and th¢ financial stst¢m¢ots itl a¢¢ordanr¢ with appli¢able law 9VIatIonS. Company law require5 the trust¢¢s to prepare fitJa¢J¢ial stsments for ¢ach financial yw. Utxier thai law th¢ dire¢iors have elected io prepare the financial ststernents in accordance with United Kingdom G¢n¢Tally Accepted A¢¢oullting Prnciiee Iuoited KiD8dom Accounting Ssandards and applicabl¢ lawl. Under colnpany law the trustees must not approve the fjnancial s(aiements unless they are satl5fLed that they give 8 truc and fair view of th¢ stst¢ of affairs of the charitable conwany and the nei Éncomc or exp¢nditur¢ or the charithble company for thttt peTiOd. ITh pryring these fin14[ $tsmenL8, the trustees are required w: - Select suitable accounting poli¢i¢s and thert 4)ply them consistently. - Mak¢ judge[Dts artd esiiJJJates thai are reasollable and prudent: and - Pr¢par¢ the fJn4n¢ial statements on the 80ing concern b&sis uThless it 15 Lnappropriate to pr¢5um that the ch¥ity will continue in bSIn£sS. Th¢ trustees are responsible for maintsinitlg proper acwunliug i¢rurds which di&close with reasi)ttable accuracy at atsy time the fjnancial wsition of th¢ charity and ¢n3bles them tu ensure that the financial statements comply with the Companies Act 2(M)6. Th¢ trusteeg are also responsible for safe8uarding the assets of th¢ ch¥riry attd hence for tsking t¢wtwbl¢ 5t¢Ps for th¢ pr¢v¢ntion and de¢1*0 orrrdud other irregularili¢s. Thi5 report h&$ been prepared in a¢cordanc¢ with Ch4titi¢$ SORP {FRS1021.
INDEPENDENT E UNAUDITE FINANCIAL ST I report on the accounts of the Pa55 Housing Asso¢iatiun Linjited for the year ended 31st De¢¢mber 2023 which are 5¢¢ out on pag¢5 S to 10. The trustees Iwho are &Jso th.re¢T5 of the con]pany for the purrA>ses of company lawl are responsible for the preparaiion of th¢ accounts. The trust¢¢5 consid¢T that an audii is not rquired for this year under seLtion 144121 of the Ch8rits¢5 Act 20111th¢ 2011 Act) and that an independeni aMinatiOn is needed. Having salj5fi¢d rny5¢1f that th¢ ch¥ily is Trol subjcct to audit undu conwany law and is eli8ible for indep¢ndent ex8rnination, li is my r¢sponsibility to.. examine the accoun15 under 5ectlOD 145 of the 2011 A¢t- - rollow the procedures laid dowi is) the general Dir¢¢tions wven by the Charity Commission under section 145{51(bl of the 2011 Act: and - state whether particlllay matters have come to our attention My examination was ¢arri¢d out in ac¢onlAn¢e with th general Directions given by the Chttrity Commis5iO Ihe accounts, and seeking explortatiort5 from you a5 trustees concerntn8 any such mattcTS. The procedures a¢couots presented with Ih05e rteords. It also Includ consideration of itty wius] It¢[ or disclosures iti the accoullis. and seeking ¢xplanaiions from you a5 ste¢s concernin8 41Dy such tnatteT5. Thc procedures llde7ken do noi provide all the emdence that would be requid in an audit and consequently no opittion is vett &$ io wheth¢r th¢ ocrounts pSenT a Irue and fair view And th¢ T¢Wrt is limitcd to those matters out ID the stsiement below. INDEPENDENT EXAMINER, TA In conneciion witb my exatnirtatioL. no JD&tt¢i ha5 COtDe to my attelltion: 111 whi¢h gives r¢awnable cause 10 belteve that in any rnaterial r5pect the requiTemenL8'. - to k¢¢p &ccountirL¥ records in aCr(lnCe with I'haritics SORTr (FRS 1021: at - Io PT¢pare accounts which accord with aLCOiltitUl8 records, comply wilh the aceoutttin8 requir¢m¢nls of ChaT¥t)¢s SOPRP IFRS 1021 and with th¢ methods and principles of the Statern¢nt of RKomm¢nd¢d Practiee.. AcLOIJIJItIl8 atsd R¢wrtlDg by Charifles have not been mei.. or MEN {21 io which, in my opinion. attention should be drawyj in order to etsDble a proper understallthn8 of the accounts u) be reached. S J Chrlstopher BA Ihonsl Etoi FCA CTA Chanered Accountartl Ftr51 Floor Suiie Drdpers Hou5¢ Markrf Place STURMINSTER NEWtON. Dorset. Isth May 2024
HO Ml SJNG A EDBY N LIMI ME INCOME AN YEAR ENDE Iv ITURE AC T DfcEMBER 2 IN IN TH INCO Rent R¢ceivabl¢ Bank tnter¢st 84,189 83,322 6,120 83,516 PENDT Charitable ActiViii¢s Property Costs Other Costs TOT 90,508 87.102 5.445 95,954 S.152 92.254 19.833) ON TION OF (8,7381 Funds Brought Fon¥ard FUN RWARD 375,830 366.U03 384,574 375,836
AS LANCE HEET Notr 239,179 247,125 1.036 ss 1,037 tNTAN Debt Cash at B&nk 23.909 134,466 158,375 22,895 148.807 171,702 .. AMO 23.588 21.027 EAR 134,787 150.675 REDITO S.. AMOUNTS NG 23,IXK> 375,836 SE 366.003 375.836 UnT¢Stricicd Funds 366.IN)3 For th¢ year irt qu¢stion. the chwit8bl¢ company entitled to exemptton from w) awlit )d sectiOD 477 of th¢ Companies Act 2006. Th¢ ]wnbers have not reqll1r the ¢haritoble coft4)an)' to obtain an audit of a¢¢ounts for th¢ year in question in accordance wilh 5eciioD 476 of the Aei. The trusieesldirectors 8ckDowledge theiT resFK>JJSLbilities for ¢omplying with thc reqULr¢rtnts of the Companie5 Act 21X)6 with re5peci to Èccounting T¢cord5 and th¢ pMyrntion of accoutits. Thesc firtanci81 $tstcm¢nts hav¢ been prepared in ¥cordatKe with the spwial provisions for S11 ronwani¢s under pan 15 of the Companies ac¢ 2006. Comparty Nurnber 970913
THE PAS ASSOC Tl RANTEE LIMrtED NAUDITED NOTES HE ACCOUNTS R THE YEAR ENDED ECEMBE 2023 The principal o¢¢ounting policie5 udopt¢4 judgements and k¢y 50ur¢¢s of estimation uncenainty in th¢ prepardtion ofthe financial state1tts are as follows.. 1.1 Basi The finaneial sthtements hav¢ bceD prepared io accordance with A¢¢ounting And Reporting by Charities.. Statement of Recotnmendcd Practice applicable to ChtieS preparing tbeir accounts in accordance with the Financial Reportsn¥ stsndard applicable it) the UK and r¢publi¢ of Jrelatld IFRS 1021 leffe¢iive I January 20151- ICharili¢$ SORP IFRS 1021}, th¢ Financial R¢portiDg Stynd8rd applicabl¢ in the UK and R¢pvblic of Ireland IPRS 102) atul the Companies Act 2(M)6. The Pass Housing Association Limited meets the dehnirion of a public enriry under FRS 102. Assets and liHbilit1¢5 are inittally recogni5ed at histoncal cost or transaction value upl¢$$ otherwise ststed in the relevant x¢countin8 policy not¢s. The trustee5 co]]sider that there are no miterial uncertainties obout the Charity's obility to continue a5 4 going concern. R¢ntsl itscome represents HrTh)urtts receivable as rent from propenics owned by the ASelation. Incom¢ is accounted for on the accnjals basis. In¢ome includc5 income tsx recovernble. Expenditure Is Te¢OlS¢d on ort a¢cn]als basis as 800ts as there is a legAI ot totsstruciive obligation commiiiing thc cljarity lo the expenth'turc, Lt is probable ih&t ttleMent will be requiT¢d attd the Nmotstti of the obligalion can be trKa5ur¢d relLably. Expcnditure includes ally VAT which cannot be fully recovered. and is report¢d a$ part of the eKpethditUTe to which it r¢la(es. 'ble Fix All tanwble f2xed Assets for contlTiUIIJ8 use by the A$gociaiion arc initsally recorded at COSt. DepT¢¢iation of fi¥ed assets Is prowd¢d at the following annual rates in ordcr 10 write off the Cost less any residuAI value of each $¢1 over its ¢stimat¢d useful life.. FTeehold Buildings over 50 yeaTS 1.5 F Accounti The Association's fuD05 comprise only 8eDeral. utw¢stricted funds, ¢XpetIbI¢ at thr discretion of thc intstees in furthcrance of th¢ objects of th¢ Association. SLLch funds m&y bt held in ord¢T 10 rJnatLce iK)th workjng capital and capital investmeni. 1.6 Financial T ments The charity only has flnancial $¢ and fiNw¢ial liabilities of a kind that qualify as basic firtwcial ittstrumenLs. Basic financial instruments Are iniiially re¢o8nised ai tr&nsa¢tion value and subsequently measuT¢d al thcir scttl¢Tnent valuc.
THE PASS HOU IMITED ITED NOTES TO THE FOR THE YEAR EMB PERTY C Ayeni'$ Rent Collection ChaT8es Tnsu]¥n¢e R¢patts and Maittt¢nan¢¢ Elecrricity And H¢atinB Oil Council Tax Loan Interest Depr¢4iation 8.893 3,889 67,001 1.277 8,921 2,820 62,568 1.9)8 913 2,026 1.503 7.946 9X).508 87,102 OTHER OSTS 2023 2022 Accoutttajjcy SeLretaTial F¢¢s and Expeoses Compatti¢s Hous¢ Fee5 Profe55ion?l Fccs Bank Charges Sundries 799 770 13 2.187 60 386 2.504 305 5,445 5,152 202 Th¢ D¢r moveme#t irt funds for the y¢Ar 15 St&red aft¢r¢harging'. Depreciation Account8ttts' Ftts Indepet)det)t ExamiDauon Other Setvi¢e$ 7.946 220 579 8,745 7,946 220 550 8,716 No ITStee r¢¢eivd remuneratioth or were reimbursLd for expenses in the current or preceding year. Th¢ company setrthry rcceives an annual fee for so¢r¢tsrial services ajjd expcnses. TH ASS ATION IT
LIMIT NAU DBY ITED NTEE YE END 5 TAN IBL IXE Freehold Bllilding5 Al 1st January 2023 Addition.. At 31si De¢¢mtrKr 2023 397.294 397.294 Ai 1st January 2023 Charge for the year At 31$1 December 2023 150,169 7,946 NetB kval At 31st December 2023 239,179 Ai 31st December 2022 247,125 6 DE 023 Debtors PrepaymeDrs and Accrued Income 22.306 1,603 23.9(Y) 21.571 1,324 22.895 Accrued Expmditure 9.588 14.(K)O 23,588 7.027 14,000 21,027 20 9.OLY) 23.0 EBTD AFfER RE Repayable betw¢¢tt one ar)d five ye8rs RepAyable in five or TfKbre year5 23.IKK) 9,(M>O 23.IKM)
OTE THE CCOUNTS- NT SA NS During the year end¢d 31 st December2013 a tsu5tL%. Mr Colin Kennedy, advanced a loan of £1,() to the Association in order to provided fundin8 for the red¢v¢lopm¢nt of 8 former farnk building into additioThal afford&bl¢ housing unii. Tbe loan 15 bein8 r¢p8id IJJ in5talrnents over 8 12 year peri(Ml fini5bill8 ill 2025. Hnd is sccured (FD a prop¢rty. Th¢ amount outstanding at the year end wa5 £23,0(KJ12022... £37,TrXI). lthteresi 1$ payable on th¢ loan at the tate of 50/0. Interesi payable the year amouk*d to £1.503 12022:_ £22061. The TNSI is ¢ou5tituted a charitable ¢owy limit by with oo share p]l. Control of the company is therefore vested in ibe trustees. io