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||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|
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|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|
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|w of theSociety'sAssetsandL
ed assets consistedofthe followi|iabilities
ng:|
|---|---|
||€|
|Hayesproperties|2,015,597|
|Fixtures and fittings|23,113|
||2,038,710|
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||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||
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||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|
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||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)|
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|(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|
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|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|
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|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|
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|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-||
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|lnterest receivableandsimilarincome|||
|---|---|---|
||2025|2024|
||Ê|f|
|lnterest receivableon bankdeposits|10,727|10,194|
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|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|
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|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|
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|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|
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||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|
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||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)|