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$*e5 pres¢rti iheir TeEK)rt and th¢ acCO￿ts fot th¢ year ¢nded 31st fkc¢mbcr 2023.
The legal and admit)istTRliV¢ infomiLOD set out on pag¢ I fomw pafl of this repn. The a¢counts comply with
turrent sthtuiory requiTemeDts. the meTOOTandum and artI￿leS of a&s(*i8tion and the Ststelnent of
Recommended PrgctLC¢'AccountiDg and Reporting by Ch4riti¢s" SORP IFRS 1021.
TRU
VERNAN
ND
GEMENI
The A550CiatiOn W&8 incorpoTaied ov 26ih January 1970. It is limilcd by guarantee and is registe￿d as
charity with the Charity Commission. The Affairs of the As￿￿&t101) are 8overJed by it5 mtmoT8nthim aDd
artieles of a&swi8tiott. The Ihabiliry of ihe members in the event of the Asso¢i81ion be￿8 wound vp i5 5imited
10 a sum exceeding £5.
Responsibility for the management of thr As50¢￿tiott and its asset& 15 vested in th¢ Board of Trusiees. Therc
ar¢ six m¢mbern Ilist¢d OD pagy l). all of whom act in a voluntsry capacity and were ¢l¢cied by the Board.
Twstec turnover is low and therefore no formal tKJliey fi)r the rurrtnt recruitment and
appoJnirneDt of trustees Is ¢on5id¢red nxess9ry. No statTare ¢mployed by the Association.
HE
NEFIT
BJE
Iv
TivrriES FOR
Th¢ A￿￿￿lation ¢onrinued its policy of providing aCcon￿￿d311on to ¢at¢r forthe 8￿cIal needs of t
tteedin¥ care and attention throu8h age. infirnjity. sicknL%5, disabiliiy or poverty and eiiber having been born i
the p8tish of Wootton FitLViDe or having resid¢d in th¢ pari¥h or the immediatc vicinity for tsot1¢5s thaD five
year5. Th¢ trustrc$ 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 plat￿1n8 fil￿re
acuvilics.
HIEV
The AS5￿13110￿,S ￿¢1ve propertses in w￿ttOn 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 AS￿181100 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 y￿r 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
]B￿r[￿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 sts*ments 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 fin￿￿14[ $ts*menL8, the trustees are required w:
- Select suitable accounting poli¢i¢s and thert 4)ply them consistently.
- Mak¢ judge[￿Dts artd esiiJJJates thai are reasollable and prudent: and
- Pr¢par¢ the fJn4n¢ial statements on the 80ing concern b&sis uThless it 15 Lnappropriate to pr¢5um
that the ch¥ity will continue in b￿SIn£sS.
Th¢ trustees are responsible for maintsinitlg proper acwunliug i¢rurds which di&close with reasi)ttable accuracy
at atsy time the fjnancial wsition of th¢ charity and ¢n3bles them tu ensure that the financial statements comply
with the Companies Act 2(M)6. Th¢ trusteeg are also responsible for safe8uarding the assets of th¢ ch¥riry
attd hence for tsking t¢wtwbl¢ 5t¢Ps for th¢ pr¢v¢ntion and de￿¢1*0￿ orrrdud other irregularili¢s.
Thi5 report h&$ 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
ll￿de￿7ken do noi provide all the emdence that would be requi￿d in an audit and consequently no opittion is
vett &$ io wheth¢r th¢ ocrounts p￿SenT 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 aC￿r(l￿nCe 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¢rt￿nts 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 S￿11 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 state1t￿ts 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 Ch￿tieS 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 AS￿elation.
Incom¢ is accounted for on the accnjals basis. In¢ome includc5 income tsx recovernble.
Expenditure Is Te¢O￿lS¢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, ¢Xpet￿IbI¢ 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 IT￿Stee 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