BAIJID MKMORIAL HOM REPORT AND FINANCIAL STATKMKNTS sr YEAR ENDEDJI DI£CEMBER2025 CIIARITY REGISTRATION NUMBER 27J0211
po ND FINA TAT8MEf4 BER 20 CONTENTS PAGK O(lli¢rs & Profes$lothal Advlseb TYus¢ee8' AnnuAI Repoit Independent Bxamintrs R¢port lo the M¢mbw# stst¢ment of Finan6i41 A¢tivlties- SlTrlein¢nl vrrinthncial Posiilon Note8 lo the Fi*J8nclal Statements 7- 15
BAIRD MORIAL HOMKS OFFI RS IONAL ADVI IIOARD olTRUSTEES MANACEMENT COMMirrE MifMJIFR Rpvd. E.FI TURNER Revd. C. LIMIJERT- CHAIRMAN {until MR GNBWBY 061111251 MR C GOMNF Revd. E.N'fuRNBR {fi'uin 061111251 MRS JACQUELINE ANDERSON MRS C CAIIROLL- SbCRE'I'ARY {until MRS MARGARET ANNE DEAS151nce 061111251 101061251 MII O NEWB Y-'I'RBA8URbR MS 14ELEN FLQYD Iir¥i8ncd1161111251 Revd. C. LIMBERT (reslgnEd 061111251 MRS C CARROLL IIwi8iied lo10(5) REGISTERED OFVICE THE VICARGE No: 1 '114E GREEN SOUTHGATB LONDON N14 7EG NDEPENDENT XAMINERS ANTHONY CRowf EZBKIBL LTD 343 CITY ROAD LONIX)N CIV ILR BANKKRS BARCLAYS BANK 18124 CFIASE SIDE SOUTHCJATE N145PB SOLICITORS SCDDONS SOLICITORS 120NBW CAVENDISH ROAD LONDON EN5 IPW
BAIRD MKMORIAL HOMES TRV8Tlr ES ANNUAL REPORT YEAR ENDED318T DECEMBER 2025 Th¢ followlng J¢rv¢d 4$ Trusl¢¢s duL'ln8 lh¢ yeDr lo 31 December 2025: Revd. C. Limbeit ICbaliman)-JEsi8ncd 0611112025 Mr6 C Cally)11 (Secirloiyl . r¢51gn¢d 1010612023 Mr O Nwby 1'frewl.) Revd E N Turner Mr Cliv¢ 0ne MrB Jacquellne Andorsim Mrs Mtsrguyct Anne D¢os- joined 0611112025 Ms Helen Floyd- resigned 0611112025 The TiStee3 havepleagure in TA¢tIng Iheii'report wgelhei'wlih the independently DKamirttd tlnonBl&l 8tateineni8 for Ihe yefir 31 D¢tombti' 2025. Th¢ R¢nvrol 8lalwnen¢ of pollcy con¢emlnE Ihe (>p¢iTrtlon ofBalrd Mem187 Hornes Is conlllined OUT governlng iTtIMent whl¢h18 th¢ OrrferoJlhé Chfirity Cowi#ih¥lortenfor Eii¥lftNdftiiil W41esdut¢d 3 Februnry 1981, Balrd Memorilll Homes is a loiig rs141)lished ttnd iln&lleDrpornled charilys wlilch iva¥ 5ubs¢qiwilly r¢glsi¢red wlth the Hou&ng Coiyoi?tlon as 4 RlS1vIeSlUlLftiIlQp¢1dU¢'l11g 1984 Ib oYd¢i'10 obluln IILndlng foj, bulldlnB works. Tho A3Clai10m dtrr¢Rl8teird wilh the Housing Colpoiwlion on Ilio 18 November 28. tIDm whlch dAtè tli¢ Ch4rily w08 tho Ion8er reSPOIiBible foi'opciwllnB11s u¢lSvlilrs Iii a¢¢W)Ve wlih the Hoii8ingAci. Th¢ NlaD4gem¢ni of B4ird MemoriAI Hoihcslsv¢51ed In#Board Ihe Vicars Ofchi'lstchh, SDUthgat¢ and of St Andvcws Church, Southgai¢, ex-officio Thislees wnd other ILU51ecs who voluntrxr bthged upon orKupalion. omploymtnt oi. olh¢rwise hovin8 8rClaI kntswl¢dge of th¢ e¢¢l¢slfj8¢l¢al Aira$ ofbeneftt. IPAL 'Th¢ prln¢lpJl fj¢livily irmains the niHnug¢rneni of lh¢ seven Alm8.hoM3es in Billlams Lsne, Southga- the Sl1¢ Matter occupying ofte urklt. EVI Tlie A¥$o¢lai5tsn madc u lo of £8sioo fDfihe y¢ov 2025 ¢omyred wlih o 3Lwplus of £16,608 in 2024. The loss In 2025 wM# drlven by sl8nificanl inveslmvnis In uijdailng And Y¢poli'ln8 Ihe propelli including a)BW wIDdows. works on hcailn& in51all4ilon of olami syslems, a fvll IEnovalior uwlailng Df the Worden'$ Fljt, ply oth¢r upda*8 Mnd Ywolrb iu Ir3ldenls' flats. Inv¢sth)¢nis gmv In value by £175,784 wil11 gaiD8 ocm%% ¢)uY dive¢ rx)Lifolio. The Invcslmenl wo5 PQ55¥blE dur to ¥uipluseB made in pyeviouy y¥ur5 &nd did nvl require any di'awlng dowLI ofsNYiiig8 ts1. selllng of share Investmen
BAIRDMEMORIALHOMFS Rogulations govei'ning Housing A580ciations I'¥quSre Ihe Tru51ees10 prepmrn Ilnan¢lal 8latemenls for each fln&n¢llll y¢ar whl¢h glve & true a t&li' vicw ofihe Stle of fiffair3 ofBaird M¢moiil 14om¢y ai Ih¢ cnd ofthe fJnanci•l year the tiicome and alily ofihc Ball Mlmorial Homes for the yeay elided on Ihtti date. l# p)rparing Ih¢$¢ finaneiil sIAloments IheTruslevts aiy quir lo.. Sgl¢¢i suitsbl¢ 4CCOUniing policles ond Iljen apply ihem conslsntly' Make judgement and ¢8Llinat¢s that uir ¥cason8ble and wudcnt. Follow appllcabl¢ A¢¢ountlng 51ortda¢ds, subject Èo &ny m¥tLriil d¢purluTrA disvlosed find explained In the financial slolemenis; Pirpart Ih¢ fin&n¢il sl&iemcnls on Ngoifjg c(mLQrn b4sis unl<%811 18 inapproprloielo pre3umeth41 Balrd Memorial Homes wlll continue in opei8tlon. The Tiuslees are r¢spon¥ibl¢ foi, k¢b'ping propri. Nccovnting i¥cord8 whith di%losc with reQNabl0 o¢cyro¢y the rjnanclal PDSltion of Baliyl MeniorSal Homes and ¢0 enbl¢ Ih¢m tD en8Lire Ihllt Ihc finan¢ial 51&1em¢nls Gtyhply wllh th¢ Irquiremenls of the Oi'dtr issued by the Charity cfrmTh1lQI1¢rS for BnglBnd W&les dal¢d J F¢bru4ry 1981. the Ae¢o¥NIIN% RefjNlremeiitsfo ReglslererfSoclNILt7NrfloNlx GéNepftl D¢iermlniioN 2000. Th6 tramework of accounting ustd pYepBiing the finandol 8taiem¢n151s FRS 102 ISORPI. Th¢y or¢ 4180 rnsptsnsiblc foi. the plveNtIon •nd del¢clSon offiBud aijd oih¢r Irregularfties, AF All the th4nag¢ml WO of the Balrd Memorial Homes is carried oy¢ on n voliinl*ry bfisS1 by all ofihe Thislee& Th¢ Sl¢e MallagLf undcrlokes his duilcs without 8alory but iviih annual honorTri'Éum 4Dd 15 provid¢d with a ll1- fr¢¢ flAi in th¢ Baird Mcmth.l&l colle3 undci. licence. A oltrk wu3 appoliilcd di1¢ lo ihc rcsignulioii of the Seeret&ry and she also pttid iii honoioi'ia ¢0 llect the woi,k it) pi'epaLiiion tol, and po$[ Ihe meedngs. A resolution io IHppolnt Anihony Cyoft Ezekiel Ltd &8 th? Indepethi Examlner of ilie ChIty's 4ecounts 11 b¢ put tD djc Trustces It the An1 Gencyal Me¢ilng. Slgned Ujb behaltof the BoAiYE ofTruBÉ oz< Revd. E. urn¢r Ichalrl Dgte:
BAIRD MI4MORIAL HOMFS POR THE TRUS OFT I I'¢poit on Ihtt accounts for thc yeHr ended 31 Dectnibey 2025, as set oul oll pages 5 10 15. Thiy port 13 mJe solely ID th¢ Lhii'liy'5 IiwlvBS, &% M body in llccordpnce with sectlon 145 of Ihc ChoYitle5 Ael 2011. My woi'k hos be¢n undertRk¥kn 80 Ilial I niaghl $lnte 10 Il)E ¢lJai'ily's trustees Ih08e Inallers l am requlred 10 ¥il¢to ihvm in th16 lPOrt ortd forno olh¢rpurp05c. To Ihc tullesl cxlcnt permÉftcd by lw, I donol occept or #J$um# Ir%pun¥ibiltly to anyon¢ otiicj. thun thr ¢harily und tlic Chllrlty's t1818 as a body for my work, foL' Ihts r¢port. or li)r the oplnion& I ljbvt fAmied. RESP IBIL ESO THR HA IT The ch&rkty's ti'uslEe5 ure r&8POrtslblc tor Ihe piypaiition ot Ihc accounls. The choyity'g tru8leeB coÈisldei' Ihat audlt not requiird toi. Iliis year under scctlon 144(21 of th# Charltles Act (the 2011 Act) and Ih818n llldependent ¢xaMination is needcd and ¢nJui£ Ihat the ac¢ounl% hav¢ bren pirpai'cd ¢1. Ille PRS 102 {SORP) framework and In Ilne wlth the r¢qulremEnts urur Ihe2015 Oidw. 1¢ is niy krspon51bilily to.. oxamlDQ Ihe accounlB undcr8cciloM l45 tsf tho clrItY Act 2011. to follow Ilie pioceduYES laid down in lh¢ 8CIal Dlirolion3 glvrn by tli¢ Chayity Commissiun under 3ec¢loh 145 {51 {b} of the 2011 Act., and 10 51ale wheihei. pariÈculai' matt5 have come lo Iny allonliDn. BASIS OF THIS REPORT My exomlmatlon carii¢d out In w•rd8ne¢ wllh the g¢nwl DI¢tiOnS glvea by tho Chlli'lty Comm15s10tt. An aminutlon Sn¢lud¢s a revlttw of the accounting recol8 kepl by the ¢h&i'liy nnd fi ¢ompaYisiin of tli¢ ocrouni$ PKS¢Dt¢d willi Ih95E irci)iYis. 11 uls() incli8£ThSldLrl1On ofony iiniisllJl ilcihs dlsclosuiY8 in Ihe a¢'cvunl$, ond 5Ctking ¢xpltynuilon8 fKom you a$ liu&t¢es conccyning any such molteiE.'I'he procedures undeYlDken do not provld¢' 11 Ihc evidenle Ilittl would be re4uiiEd itt an Nudil and consequcnily no opbnioEI i5 given to wheihei. the accoynts prcjent a'live and fair vl¢w' ld lh¥ tepoit is limlled to th0 mattei¥set out in Ihc 8latemenl below. DEPE DE AMINER'S STATEMENT In connE¢llon Myth Iny ¢x&inlwrfiThn, on mlEy h48 cfmo lo my aitentioii loth. Ihgn Ihal disclosed below): (l) wlilch gtves mo reagonabl¢ eavs¢ lo kll¢v¢thol in any m&lerlal resp% Ihe r¢qul¥em¥ni¥.' to keep 8ccounti8 rocoiyis in accolance wllh 130 of the ChHi7ilts kn. And to pr¢p ofih¢ tt¢couni h&riiiw A whl¢li actord with the aL'counting J'ecoTh48, comply with the 4¢coutiling requii%ments hav¢ or {2) lo whlcli lo bc irached. n, #tte d be drawn in 'de1. lo enE¢ble a JM)per ut)deLYl&nding of ihe ¥KcouThts Anth Ir.c.C.A Anthony Crof¢ 343 Clty RDJId, klel Ltd oiidoii ECIV ILR DAIe: ,11lxL
IIAIRD MEMOftIAL JIOMES sTATEmNT ofi IPINANCIAL ACTlVI-rJLs TJI 11 ENDLID JIS'T DE iYOTE IINAESTRTCTD VIIND 11)YAI,2025 ¥IINDS INCOME & EXPENDITURE SI'ATFMD N'J. lii¢omlrJ8 Ile4tr111t IMe¥e$i Receivable & Inv¢Kmpnl 11.984 oiirbtlonyl IAEacl¢J& Slmllr In lknrtheiynre of Ilit ¥orl¢ly'J •bl¢¢ts: Hnu8in8A¢eomDwdoiioDLrt15nga H¢N1ingCliar8¢JR¢¢¢lv1O Sundry Inoime 31,842 6,B64 344 31,842 6,164 J2,924 864 50,551 50,551 51,772 RESOURCES KXPKNDED C051 of¢11lIe1 in Purthcratt¢e Of ¢ty.S thllriittblt obJeot$'. Cycli¢al R¢poirJ to Bulldtll85 Other Genernl Rtpairs io Buildin Gen¢rnl Ropolrskn Fthwiei&Fiiiiii86 116.016 15.136 Wxi¢rRBtèy Heat and Lightin Site M&nH8BrTdcphon¢ Cwls Adminlyltfjlivo Bnd Sundry Lo8L4 Sit¢ Mqnwr'g FlonoTrriu In3ur4tI Co$i Buildkn8& Plunl Inspe¢lion ¢ Indep¢ndeMI BxninerJ F¢¢s Snlv¢51 Ptyxble & SimilBr Cthu8eS 4.972 5,5N) 4.972 5.500 1261 5.037 94Y 6,992 1.650 4,435 4.45$ 1.392 ,392 1,080 1,080 1.080 135.652 135.652 35.165 N1. SNCOMINfyllOIITGOINr.I RESOURCFS IIF.FORE TIIAN8FER 185.100) 185,1001 16.61)8 R¢vulunilf)n of Inve8iiiJent 175,784 17S,784 125,829 Net moY¢m¢Dtb Ib fln Vtsiid as At 1.1.1024 90.681 lJ54.716 9Q684 lJ54.786 141437 1,21l349 18 a131.12.2024 1.445.4 1.445,470 .354.716 The thilty hunD DI1rrOW81S1a gJis thr10a1ft IhoyoBr. All of i18 opertiions nreofn cl11nlngabjre.
BAIRD MEMORIAL FIOMES 8TATFMENT OF FINANCIAL POSITION HE 31 FJXED ASSETS tthold Buildln Invo8lmcnts 10 26,430 I,J43,103 2A430 1,167,318 CURRENT ASSETS Deb1? & Th¢paymcnts Ch Ai Bank & In Hand 12 19 1,346 IINI,401 1,392 185,463 IQI,¥07 186.857 L¢BB: CURRENT LIABILITIES Credltorxi Amowits fAlllng dN¢ vhhln ono y¢ar 1,230 1.180 NET CURRENT A8srrs 100,577 IB5,677 Crodl¢oYs., Amounts fhlllng dM¢ Aftor one yenr TOTAL ASSETS LESS LIAIIILITIKS ,470,110 1,379.425 FlnhD¢ed by:" Fund Bal&nee Designat& Fund5 1,445,470 l J54,786 16 Tolal Funds APVROVKD BY THE TRUSTFLS AND SICNFD ON IIEIIALF BY: Dale: 2D26 R•vd. Jr. TURNICR-CHAIR
BAIRD MEMORIAL HOMES NO'J'ES'ro'rHL ArcDuN'rs CE LII£R 02 I. ACCOUNTING POLICIES ASKS The fanancl&l 51alomcniS lifive b¢en prepared undth, the lilsturlL&I cosi convcntlon arld In acco1nc with FRS 102, 1.116 Financlul R¢poriliJg standa1 apiillcfiblo ill Ihc UK and Republic of IIElalld. The en¢i¢y trAnsilioned from prevlous UK GAAP io PR.% ISORP) 888t Isi J&nu&ry 2014. TURNOVER Thrnover oomprL$ Mallltenan chorg¢ In¢om¢ w¢dvable. Inveslmetht retuims other8undry In¢om AN EC Frtehold houying pro1#$ wfle¢ied In the finon¢lftl ytat¢tttenls at hiytorlcal cosi. To dale the bullding8 ¥lement of Ihe cost, net of socifyl hou8in8 WI15, ivere being wrilt¢n rsff oyw the upecled u8¢ful lives of Ili¢ buildings of 50 years Irom Ihe daleol'ihe last mlljorrefurbishnjenl ww. To dole Ilje wriiten down value Iiet of grnnts Is ai £26.430. The tTU51ces acknowlcdge Ihal due to ihe &pprociatihg nature of Ihj lahd and bulldinE ¢l¢ment, it would noi be foir to ooiiy on d¢wtcia¢inB ihe buildin¥ ¢lem¢nt. ThE Iru51c¢ will ¢xiinin¢ Ihe rteed to properly revalue the laiid and bulldlng In ilie next ¢counting period. All prop#lios arc Teviewed foi. impllirnjciil Lnnually, und Whe liousiiig pYop¢rtles hav¢ wrt¢red & p¢Ym&llettt dlminu¢ion in value. fall iii volue 15 1'ecognId afler taking account of any related capiial grnnt& VESTMKNTS AND IN ESTMENT IF4COM Fixed asyet inveslinents are reflycled al mail(¢¢ valuJiion ai Ihe Ballln¢e Shvl dal¢, Thg unreelised gainlloss on the rEYalualion of fixed a8sel inveslmcnls 18 Toflccled in th¢ Stat¢m¢nt of oth¢r CompY¢h¢nsive Incomo And invc31ment income 15 accounted for on the duc dThltt of payniajl. Wh¢J'e Mtyr dev¢lopm¢nis or fEfurbishm¥nt wois hove been finan¢ed whDlly or partly by SHO, tli¢ cost of the wol& has bEcn reduced by ihe amount of Ihe grant i%celvEd. SHU received for lieins of cos¢ wiytten off In the I¢¢47dExptnI1rtrtAccoY¢ m4lohed aInst th08¢ ¢o$ts kg of¢he tthllov¢i'.
Notes to th• Actounls 31 Dettmber 2025 (contlnuedl Nowthal Ih¥Churltyhasb¢ethde.r¢Bi8wrqlwllh ¢h¢ HoUs1rtCOiYOi?lIn, SHGmay bavv lo bcrepaid undercerigl condltloh8 sudi as ifthe property 15 5Dld, if aDolheT r¢levant event 1okeB pl8¢e oi. If oiher c¢rt81ii condltlon$ met. thC cw Ihe SHO 81111 b¢ ua¢d by ih¢ LhTri'ily foi. oih¢r M)Jor proj¢ci$ wpiDv¢d by th¢ HowslnE Coiptsrntlon. PITALI ATION OF I In¢eÉY5t oil tho morlgagE loan, finuiicin£ a d¢velopmeDt wps c4pltallsBd up lo the date Orpr[l complotloD of the sclicmc. Thc morigog¢ loan wus fully paid off in 2016. ER ES FOR CYCL AINT NANCEA D EXTRAORD114ARY REP Thè IEserves irtlcct the Asso¢laiion's Itsponslbility to m4inlain ils piopci'lics in uccoilonoe wilh a plbrtn¢d progtttiine of works provided by clauses 24 ahd 25 of the Choi'lty Coiiiiiilssionei's thdej. dalcd 3 Ftbruiry 1981 and IEVi3ed by Ihelr Ict¢er to Ili# Tru$te¢s da¢¢d 17 Febru4ry 1986. PORTIO MENTOF T EXPENSICS Adthintstrailve and opemilng w¥ts ve be¢n appurU()ned io the felevanl SBCtlvni ofihv InLOme and BxpEndliure Ae¢ovnt on the bas1$ of Ihg 4noly8ed omouttis &ttrlbu¢abl•. HFLO The A¢¢oun18 do not Inolud¢ o ¢gsh floiv statement beo&us¢ the A¢[&(10n 1$ exempt Ilom the requliymeni pr¢p4re 3uoh & alatemcnt und¢r Finan¢i41 R¢pThtln8 Slllndml I "Ca&h FloivSiuleiiRnlB" VELOP Only dltoot C081u lth rel10n lo development Imp¥ovem¢nt wurks ar¢ ¢apltolls¢d, No 4dJuslmeThts have bean made fol. any apporiloiied cosis or n51owan¢&% ¢opitAllsed in pi'ior year5 as in the oplnlon ofthe A$s(Kl&llon. Alv such amounts &iE likely lo be ImmAterl41 In L%lalion to overall pibperty cost$. ltt addillon, the expet)8e wjd time involved In ord¢L' tu adluat forsuch BPPOrtioned costs or allt>wa*c05 pItlld In w¢vlousyear8 is not Ihuughi iu bc relevllnl benefil lu ihe usen of Ihe finiii¢5al $loi¢m¢Dts.
Notei lo the Ac¢ounls31 D¢¢¢mber 2025 (¢onlinued) 'URIY() IsS LOSS]CS 202S 2024 TurnDV¢V Oy¢rAélng Co$ts OpeY*tlng Surylus I (Lw) Turnovov Operfttlug Costs OpErHtlng Surplus 1 ILos$1 Ik)¢Dm¢ and expenditure from l¥tliTI85 Hvii&ing Ar¢ommodation 38,706 130,680 (91.9741 39,788 J2,903 6,885 notes 3&4 Oiherexp¢ndltuw: Bcneflts to r¢yid¢nts Sutylry Income 4,972 14,972) 2,261 (2,261) 344 J9,050 135.652 (96,601) 39,788 35,164 4ffi24 Jnt¢Yest reeclvable and invc$t¢n¢nt in¢¢nie 11,984 Intcrosl yble and similoi. har SuYplu8 (Loss) on i)Niinary a¢livitlos (85,1001 16.608 Turnover from Lettlhv 2025 Mainl¢nanex eharBes receivllble Less,. reni los¥ adslng from void8 Jl,842 32,924 31,842 32.924 14edtlnè¢hafgcs 6,864 6,864 Tumuver fiDm lellin8S 38.706 39,788
Tr4otv to Ih¢ Aetounl$Jl Deconiber 2025 IwThilnuedl Alms-house8 In M&nement- 6 unlt512024- 6 wilts]. The ¢h8rlty Is liablc undei'11s lelling .1.ementS lo accept re5ponsibillty on behaifof Ihe rc5idents for waler rates on ¢oGh unli lflatl. The li)$Ur¢t ¢o$l# for the yew Include th¢ provision ofieBal liability iijsurwnce fai. Ihe Trustees iti the ex¢rc18¢ or Ihelr dull 4. DIRECTORSI EMOLUMEN'fs AN The DiJ%eior5 are defJhEd as the Chairmth and mthbei'5 of th¥ Bothrd Orn8¢¢¥$. 2025 2(n4 Non¢ otthe Dlr¢ctors recolv¢d tyrty emoluments Tol41 expenses Tcimbui%ed lo Dlre¢toYs not ¢horg¢ablt lo United Kln#dom Income loyi Nil Sttr¢0815 durlng thr yc&r.' wageq thnd sglBr£¢5 The Av¢r)¥¢ weekly number ofpersons employcd by the A880¢iatlon dui'lkg the y¢ar wll8'. Slte Mattdg Tho Trusleeg hove no p8id bui thc pwit Ilme Sli# Manoger Is employed on the ba8is of provision ofyent f¢¢E accominodailo ndu a liceThcc ttll%n8enient ond he was glvon a £1,700 honwwi'ium on A full ycllT-bI#, 12024-£1,6501. Ni)ie ihtsl du¢ lo change In Warden and gip belwecn cxit and 5ttht co815 w¥ro loivcr. ND 2015 2024 Bonk irtl¥re31 re¢elv&blè Jnveslment Income 2,89J 3,456 52 11,984 io
Nottj (o tho A¢tou19 31 Detembei. 2025 (conlinued) 202 Intere8t on the Hou51ng LDans Tepuyuble during lh¢ year URP Tlie Ioss120251 and the surpl12024]1>ft the ordinary a¢llvliles15 Jt4ted 8tlei' choL¥ing'. Ind¢pendent Exominer's remuneration.. In their c4Pd¢lty os Tndependenl ExNmltters i.ofto 1,080 9. TAXATION No plvIsIO for UK Taxailon hag been mftd¢ iyithin these fjnonclol staiem¢n13 as th¢ A8Bo¢loll 13 4 YStd ¢hai'iiy and Lsexempt from UK tAX for as long as it continue5 10 apply ils inconie to char51able 7#pO iio. Hoik*lhg Other ItÉxed Laftd and A380¢5 Buildings ID25 Totpl 2024 Total Cwt.. at beginrtit)B oEye4Y Addltions D15P05AIs 225,824 4,386 2JO,210 230,210 At of ye&r 225.824 4 J86 230,210 230.210 L¢s1: So¢lal Houilng GY#nt At beginnlng of yr Receivcd durin8 yeDr 188J91 18¥.591 188,591 188,591 18B.591 188,591
NoltB to tli Ateouttti 31 Dttembor 2025 (continued) Al b¥glnnlng of yeTrr Ch#i'&ie foy y¥dr Di.%posNIs 4JB6 15.189 15,189 Al ¢nd ofy¥thr 10,803 4,386 15,189 15,189 Houslng l.urLd and Buildingj oihBI'Fixed As¥cls 2025 Totsi 2W24 Total Plel BoDk VAI#• Ai be8lnnlng of yeol. 26.430 26,430 26,430 At end of year 26,430 26,430 26,430 Th¢ TTUStecs have e51im&t¢d tlial Ihr in5uf4nGE covcr c&lGulNilon cquale5 0150 to Ihc nillrkct value of the housit)g property al the year-End of£l,879,185 P024- £1,803,960]. Thi8 compdKs ivith a cosi lexcludlnsdotiai¢d land- see lOw] of £225,82412024= £225,824]. The final valuation held now at the Land RcgL51ry18 £1,700.000 at 2 S¢pl¢mb¢i' 2024. The above hou8lnipropBrty cost% compri8c8 one completd frcehold scheme con$istinE Dfs¢v¢n &lm8knhou8e& Tho pvop¢rtle8 ait iiaied pl ¢osI and In¢]ud¢ tli¢ followlhg.. (8) Cost of a¢quli'lng land ond buildlnE bul.. Th¢ laDd on whloh Balrd M¢moAol Homc5 $14nd w8 donAt¢d to the Trii3tce4 and hps hoi beett volu for Accounts purposes; &nd Th¢ w81 of IlJ¢ otiginol buildings #ifciod In 1891 was only £1.230. (b) Subsequent development expendltuil on the piY)pJrty. Interest th&rged on the moTigage loan rn18ed io finDnce the hou8ln8 development sethem Asr¢fenYd to in noi¢ 15 ahuvslng Iohn wll8 s¢cured by $plf1¢ chDrB¢8on th¢ A)¢1tIon'S houslngpmwty untll 11 and final paym¢DI of ihe mortgage 1¥os paid duyinup 2016. SOCIAL HOUSING GRANTS ISHCI 2025 2024 Total &ceumulttted SHO iYcelYed tsnd Iteolvllble at tho B&iattc# Sh¢¢t dNtr for GapSt41 &iid r¢vMu¢ exndItUr 188,591 188,591
I40t to th• Aecouht8 31 Di¢tmb¢r 2015 Iconilnued) INV rm 2025 2024 {A)Co8t.' Al b¥¥inniDg ofy¢ar Additions in y¢ar 218,313 7,047 212,498 5,835 At ond ofytAr 225,380 218,333 (h)M•rk•t Vqlue Al bEginhltsg ory¥ Addliions durng Ihe year Inc]w8e ldccTe&l In mwetV41u¢ 1,167,318 7.047 168.rJ7 ,04l,489 5,835 119994 Ai ed ofy¢aT I J43,103 1.167.318 12. 2025 2024 D¢btor6 nDd pwuyments .346 1,392 1,346 lJ92 Groui InsuiYnc¢- 12 mon(hs Totol Debtors 1,346 1,392 13. ITHI AR 202S 2024 Rent and yeivi¢e ¢hae Lycelved In advance other creditors Hnd accru¢d ¢xpM8es Lending authorltles foi. in51Mlm¢nls Trf IrAty it)lei8iel¢. 1,180 l.l80 ChTlslmN3 Glfts Ind¢p¢ndent ExamlnoL7 FEe 1.080 1,080 1.23 1,180
A3 Notu to the Attotsnts 31 DeMber 2025 {ContInu) EAn' 21J2J 2024 Hou8(ng loon- copiial Instgltncnt8 due 411¢1'oD¢ year Note 15 15. HOUSIN Th¢ houslng I Ikonj a prcvlously owned flnllttclal 8ub81dl8ry of Ihe Hoijslng Coiyoiwilon wo8 se¢ur¢d by ¥peLIfiG charBCS on th¢ As80¢1aliDn'S housing properlio nd wo8 repayable 41 R fixed annu41 rAle of Int¥resl or 10.62S%. Th15 was fully paid vff 2016. Inslalmenls due wltliin on¥ yeii. InBlalmcnls due In mole thgn yeai.. Cy¢lltil M•lnlennet R¢1¢ IxtNtriYlliixwy R¢palrJ Ruèi'Y¢ 2025 1024 Ai b¢glnning ofyeai. 13,414 24,639 24,639 TMnafer8 Itoj i from reserves Ai they¢AI' lJ,414 11,225 24.639 24,639 The De8lgnoled Il¢Jerve8 h&5 ten yet ilde foi, 8pe¢lfl¢ putpotrA Ideioila ot whlth run be made aYollble Oh requatl, wlih theTru51eu hAvlng Ihe poweron Ihe applica117 of Ihe fund. (b) 2025 2024 Balan¢eai bcglnnlng of y¢ Irease IDecreB80) in vfjluation iij yegr .021,075 895,246 175.784 125,829 Balfyn¢e at end ofyeAr 1.196,860 1.021,075 14
Notts tts tli¢ Aeeounts 31 De¢•nib¢r 2025 (conilnyed) 17. ' No capital comml¢ment8 iver¢ •ui170rl$ed by the Tru$ttt$ during Ihe yetr(or In 20241. i& coprriNcEf+rf LIABILITIES In Ihe ¢vfmi of Ihe disposal orth¢ Baird Memthriol C()tlag¥s ihere13 A conlingenl Ilabilily lo rrpay ¥rAnts rcc¢lv from lh¢ Hoy$ing Coiyoratlon r¢lating to ihlli property. In the event Ihot the TNste¢s aye iquirtd (o repay or redEem ikn l.Itsu$t#g C'.orpoiYilon granl, Iliey llre satisfied djat Ih¢r¢ Nrc 8urricienl assets in the o¥gonisolion 10 m¢et Ihlsconilngejhl Ll4bllity. 19.C SHATDA 2025 2024 ank AGcouiit 116315 Petty Clsh CCLA DeposliAo¢ountl COIF ChbrltSey Depo&il Fund Tot&1 Cash ltt H&Dd 250 69.0(X) 250 69,000 IIX).461 185,465 TheA¥iocioilot)18aii ut)In¢orpoYated drItY MIllu¢¢d uMi¢r itsgoveilling Inslrument which18th#othr of the ChoTIty ComiKlssIoiI'sf0l and WaleJ dad 3 Febru4ry 1981. In 1984. B&ird Memorlil Homes 8lso r¢8ls¢ered wllh the Housing Cory)Drdtion as d Rog1¥1¢r Soolal LAndlord. Howcv6r, UPDn Dpplicolion belng made hy Ihe charilyi oft 18 NtyY¢mbcr 2008 Baird Mémoriil Homes were d¢-t¢gi¥leird by ihc HoiislnB Corporation and ivere Ihcrcfore no loiiger sponsIble ofivr thllt date for the OPEratlon ocihe oharliy In 0rdnCe wlth the provlslon8 of the Hou$lMg Act. 21. TED AR NSATION8 AND CONTR LING I EREsrs The Assttiailon18l1jCd by Ihe Bo4rdofTrustses. Th¢Ass{l10 h&8nrt und¢riok¢D tt*Msacilon8 wlih Any membw's of Bo4Ydof I'rugiees during ilie y¢w NALY 2025 2024 Deyl&ttled Fud Unttili'ltt¢(l Jtunth Rev31•110 24,639 24B.611 24,639 333,711 Totfi 15