| Pages | |
|---|---|
| Legal andAdministrativelnformation | 1 |
| Report ofthe Trustees | 2-5 |
| Report ofthe Auditors | 6-9 |
| Statementofincomeandretained earnings | l0 |
| BalanceSheet | 11 |
| CashFlowStatement | ,12 |
| Notes tothe CashFlow Statement | 13 |
| Notes tothe FinancialStatements | 14-20 |
| Nomembers oftheBoardhave any contrac | tual ties with the Society |
|---|---|
| AdministrativeManager: | Mrs S. Harris |
| Finance Manager: | Ms S. M. Kelly |
| RegisteredOffice | 2-6MarshallDrive |
| Hayes | |
| Middlesex | |
| UB4OSW | |
| ArchitectsandQuantitySurveyors | RJA Partnership |
| 1/3 High BroomsRoad | |
| TunbridgeWells | |
| KentTN4 9DA | |
| Hazle McCormack YoungLLP | |
| Leap House, Frog Lane | |
| TunbridgeWells | |
| KentTN11YT | |
| Auditors | Moore Kingston SmithLLP |
| The Shipping Building | |
| The Old Vinyl Factory | |
| BlythRoad | |
| Hayes, London | |
| UB3 1HA | |
| Bankers | Barclays Bankplc |
| High Street | |
| Hounslow | |
| Middlesex | |
| TW31DL | |
| Metro Bank | |
| The Pavilions | |
| 50 High Street | |
| Uxbridge | |
| UBS,IJP |
| w of theSociety'sAssetsandL ed assets consistedofthe followi |
iabilities ng: |
|---|---|
| € | |
| Hayesproperties | 2,015,597 |
| Fixtures and fittings | 23,113 |
| 2,038,710 |
| Noteg | 2025 € |
2024 â |
||
|---|---|---|---|---|
| Turnover | 3 | 390,892 | 381,928 | |
| Operatingcosts | (487,057) | 14| | ||
| OperatlngSurplus(Deficlt) | 4 | (96,1ô5) | (38,886) | |
| lnterestreceivable andsimilar income | 7 | 10,727 | 10,194 | |
| Surplus(Deficit)onordinaryactMtiesbeforeandafter taxationanddeficltfor theYear |
:- | (s5,43S) | (28,692) |
|
| Reserves atIAPril2024 | 14 | 2,436,529 | 2,465,221 | |
| Surplus(Deficit)for theYear | 14 | (85,438) | (28,6921 | |
| Reservesat31 March 2025 | 14 | 2,351,091 |
| Notes | 2025 | 2024 | |||
|---|---|---|---|---|---|
| Ê | â | Ê | e | ||
| FixedAssets Tangible assets |
I | 2.A38.710 | 2,103,626 | ||
| 2,038,710 | 2,103,626 | ||||
| Current Assets | |||||
| Debtors | 10 | 40,291 | 56,810 | ||
| lnvestments | l1 | 215,916 | 205,205 | ||
| Cashat bankandin hand | 4Íì6,535 | 482,961 | |||
| 692,742 | 744,976 | ||||
| Gredltorc:Amounts falllngdue | |||||
| wlthlnoneyear | 12 | 1261 | (71.455) | ||
| Netcunentassets | 630,616 | 673,521 | |||
| Totalasseblesscurrsntliabilities | 2,669,326 | 2,777,147 | |||
| Creditors:Amounts fallingdue | |||||
| after oneyear | 13 | (318,235) | (340,618) | ||
| Netassets | 2,351,091 | 2,436,529 | |||
| Representedby: | |||||
| CapitalandReserves Revenuereserves |
14 | 392,997 | 435,902 | ||
| Designatedreserves Restrictedresêryes |
14 14 |
1,S48,094 10,000 |
1,990,627 10,000 |
||
| 2,351,091 | 2,436,529 |
| Notes | 2025 | 2024 | |
|---|---|---|---|
| € | Ê | ||
| Netcash (outflow)/inflow fromoperating | |||
| activities | (a) | (45,820) | (13,e37) |
| Returns on investmentsandservicingof | |||
| finance | (b) | 10,727 | 10,194 |
| Capital expenditure | (623) | (275) | |
| lncrease/(Decrease)innetfunds | (c) | __(35,?16i | (4,018) |
| (a) | Reconciliationofdeficit fortheyeartonetcash inflow from operating activities |
Reconciliationofdeficit fortheyeartonetcash inflow from operating activities |
2025 € |
2024 I |
|---|---|---|---|---|
| Deficit fortheyear | (85,438) | (28,6e2) | ||
| Depreciation lnterest receivable |
65,538 (1O,727) |
65,959 (1o,1e4) |
||
| (lncrease)/Decreaseindebtors Decreasein creditors |
16,519 (31,712) |
(23,503) 7.507\ (1 |
||
| Netcash inflow/(outflow) fromoperating activities | __(45,82q_ | 3,937) (1 |
||
| (b) | GrossCashflows Returns on investmentandservicingoffinance |
2025 Ê |
2024I | |
| lnterestreceived | 10 727 | 10,194 | ||
| 10,727 | 10,194 | |||
| (c) | Reconciliation ofnet cashflowtomovements innet funds(note(d)) |
2025I | 2024 f |
|
| lncrease/(Decrease)in netfundsinthe year | (35,716) | (4,018) | ||
| Netfunds at 1 April2024 | 688,1 67 | 692,185 | ||
| Netfundsat31March2025 | 652,451 | 688,167 | ||
| (d) | Analysis of changes innetfunds | BalanceatI | Cashflows | Balance at31 |
| April2O24 € |
€ | March2025I | ||
| Cash atbank | 482,961 | (46,426) | 436,535 | |
| Shortterminvestments | 205,205 | 10,712 | 215,916 | |
| 688,166 | (35,714) |
652,451 |
| preciationonfixed assetsis providedatrates estima hasset over itsexpecteduseful life as follows: |
ted to write offthe cost,less esti |
|---|---|
| Housing Properties: major components | |
| Freehold land | nil |
| Freehold buildings | straightlineover 50Years |
| Furniture, fixtures,fittingsandequipment | 12.5% reducing balance |
| 3 | Turnover | ||
|---|---|---|---|
| 2025 | 2024 | ||
| â | f | ||
| Incomefromlettings:(supportedshelteredaccommodation) | |||
| - Gross rentsreceivable | 495,301 | 470,778 | |
| - Lessrent losses fromvoids andrebates | (127,734) | (111,4e0) | |
| -Netrentalsreceivable | 367,567 | 359,288 | |
| Otherincome: | |||
| - Capital grantincome - Miscellaneousincome |
22,382 943 |
22,381 259 |
|
| 390,892 | 381,928 | ||
| Theturnoverarose from activitieswhollyinthe UnitedKingdom | |||
| Units inmanagement | 2025 | 2024 | |
| Supported housingand housingfor olderpeople | 30 | 30 | |
| 4 | Operating Surplus /(Deficit) | ||
| Operating deficit for theyearis statedaftercharging/(crediting) | 2025 | 2024 | |
| â | â | ||
| This is statedaftercharging; | |||
| Depreciationof owned tangiblefixedassets | 65,539 | 65,959 | |
| Auditorsremuneration -Audit | 9,000 | 9,840 | |
| Auditorsremuneration-Other services | 6,000 | 2,832 |
| Employees | Employees | Employees |
|---|---|---|
| Theaveragemonthly numberofpersons(excludingmembers oftheBoard) employed duringtheperiodwas: 2025 2024 |
||
| Officestaff | 2 | 2 |
| Housekeepers,caretakersand cleaners | 6 | 6 |
| I | 8 | |
| Their aggregateremunerationfor theabove personscomprised | 2025 Ê |
2024 f |
| Wages and salaries Socialsecuritycosts Pensioncosts - definedcontribution |
173,090 8,840 4,162 |
159,584 6,975 3,815 |
| 170,374 | ||
| -ïït6p-e-2- |
| lnterest receivableandsimilarincome | ||
|---|---|---|
| 2025 | 2024 | |
| Ê | f | |
| lnterest receivableon bankdeposits | 10,727 | 10,194 |
| 9 | Tangible Fixed Assets | Freehold | |||
|---|---|---|---|---|---|
| housing | Furniture, | ||||
| properties- | fixtures, | ||||
| heldfor | fittingsand | ||||
| lettingsI | equipment Ê |
Total f |
|||
| Cost | |||||
| AÍ.1April2O24 Additions |
3,516,269 | 149,316 623 |
3,665,585 623 |
||
| At31March2025 | 3,516,269 | 149,939 |
3,666,208 | ||
| Depreciation At1April2O24 Charge fortheyear |
1,438,346 62,326 |
123,614 3,212 |
'1,561,960 65,538 |
||
| At31March2025 | 1,500,672 | 126,826 | 1,627,498 | ||
| NetBook Value | |||||
| At31March2025 | 2,O15,597 | 23,113 | 2,O38,710 | ||
| At31March2024 | 2,077,923 | 25,702 | 2,103,625 | ||
| l0 | Debtors | ||||
| 2025 | 2024 | ||||
| Ê | f | ||||
| Amountsfallingduewithinoneyearl | |||||
| Residential debtors | 4,370 | 13,723 | |||
| Prepaymentsandaccrued income | 16,818 | 25,133 | |||
| Otherdebtors | 19,103 | 17,954 | |||
| 40,291 | 56,810 | ||||
| 'i'1 | lnvestments | 2025 | 2024 | ||
| e | € | ||||
| Shortterm deposits | 215,916 | 205,205 |
| Creditors:Amountsfallingduewithinoneyear | ||
|---|---|---|
| 2025 | 2024 | |
| Ê | f | |
| Trade creditors | 21,370 | 20,975 |
| Residentialcreditors | 1,507 | |
| Taxation and socialsecurity | 2,543 | 1,890 |
| Pensioncreditor | 720 | 650 |
| Accruals anddeferred income | 15,111 | 24,052 |
| Governmentgrants | 22,382 | 22 381 |
| 62,126 | 71,455 |
| 13 | Creditors:Amountsfallingdueafter morethanoneyear | 2025 | 2024 |
|---|---|---|---|
| Governmentgrants | f | I | |
| SocialHousing Grant | 140,966 | 145,612 | |
| DepartmentofEnvironmentgrant | 177,269 318,235 |
195,006 340,618 |
|
| Movement ongovernment grants: | |||
| Opening balance Amortisation tobe recognised as turnover |
362,999 (22,383) |
385,380 (22,381) |
|
| Closing balance | 362,999 | ||
| Thisbalancewillbe releasedasfollows | -34õ'ñ1-ô- | ||
| Withinoneyear | 22,382 | 22,381 | |
| Afteroneyear | 318,234 | 340,618 | |
| 340,616 | 362,999 |
| Reserves | |||||
|---|---|---|---|---|---|
| Designated | |||||
| Reservefor | |||||
| lncomeand | future | ||||
| ExpenditureMaintenance/ | FixedAsset | Restricted | |||
| AccountMajor €[ |
Repairs | Reserve I |
Reserves Ê |
Total € |
|
| At1April2023 | 421,294 | 250,000 | 1,783,927 | 10,000 | 2,465,221 |
| Net income/(expenditure) | 14,608_ | (43,300) | (28,6e2) | ||
| Transfer | : | ||||
| At1April2024 | 435,902 | 250,000 | 1,740,627 | 10,000 | 2,436,529 |
| Net income/(expenditure) | (42,905) | (42,533) | (85,438) | ||
| Transfer | |||||
| At 31 March 2025 | 392,997 | 250,000 | 1,698,094 | 10,000 | 2,351,091 |
| 2025 | 2024 | |
|---|---|---|
| f | € | |
| lncome | ||
| lnterest on investments | 10,727 | 10,194 |
| Capitalgrantincome Miscellaneous income |
22,382 943 |
22,381 259 |
| Housekeeping income | ||
| 34,052 | 32,834 | |
| Surplus ongeneralaccount | 34,052 | 32,834 |
| Deficit on property income account | (119,4e0) | (61,526) |
| Surplus/(Deficit) on incomeandexpenditureaccount | (85,438) | (28,692) |
| Balancebrought forward | 2,436,529 | 2,465,221 |
| Balancecarriedforuvard | 2,351,091 | 2,436,529 |
| 2025 | 2024 | |
|---|---|---|
| € | Ê | |
| lncome | 495,301 | 470,778 |
| Less:Voids | (127,734) | (111,490) |
| Netchargesreceivable | _36?,56? | 359,288 |
| Expenditure | ||
| Management(operatingcosts): | ||
| Salaries andN.l. | 41,628 | 40,204 |
| Pension cost | 798 | 727 |
| Staff Training | 319 | 180 |
| lnsurance | 2,355 | 8,953 |
| Stationery andpostage | 1,170 | 1,026 |
| Membership fee | 11,914 | 7,960 |
| Auditors'remuneration-audit services | 9,000 | 9,840 |
| Auditors'remuneration-non-audit services | 6,000 | 2,832 |
| Bad debt expense | ||
| Miscellaneous | 5,142 | 1,817 |
| Legal andprofessionalfees | 13,879 | 3,063 |
| Advertising | 222 | 157 |
| 92,427 | 76,759 | |
| Repairsand maintenance (operating costs): | ||
| Repairs to buildings | 34,960 | 23,925 |
| Repairs to equipment andfixtures | 12,241 | 5,426 |
| 47,201 | 29,351 | |
| Servicecosts(operating costs): | ||
| Employee costs | 140,302 | 126,355 |
| Pension costs | 3,364 | 3,088 |
| Housekeeping (including Catering) | 37,579 | 30,862 |
| Cleaning | 6,770 | 2,973 |
| Gardening | 4,682 | 5,418 |
| Heating and lighting | 62,790 | 55,343 |
| Telephone | 8,318 | 9,353 |
| Health and safety | 11,296 | 9,958 |
| Depreciation | 65,539 | 65,959 |
| Bank Charges | 922 | 811 |
| Waterrates, community charge and counciltax | 5,867 | 4,584 |
| 347,429 | 314,704 | |
| TotalExpenses | 487,057 | 420,814 |
| Deficit for the year and balance carried togeneral | ||
| income and expenditure account | (11e,490) | (61,526) |