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'fre￿w￿l.)
Revd E N Turner
Mr Cliv¢ 0￿￿ne
MrB Jacquellne Andorsim
Mrs Mtsrguyct Anne D¢os- joined 0611112025
Ms Helen Floyd- resigned 0611112025
The Ti￿Stee3 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 Mem￿187 Hornes Is conlllined OUT governlng
iT￿tI￿Ment 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 R￿lS1vIe￿S￿lUlLftiI￿lQp¢1dU¢'l11g 1984 Ib oYd¢i'10 obluln IILndlng foj, bulldlnB
works. Tho A3￿Clai10m dtrr¢Rl8teird wilh the Housing Colpoiwlion on Ilio 18 November 2￿8. 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'lstch￿￿h, SDUthgat¢
and of St Andvcws Church, Southgai¢, ex-officio Thislees wnd other ILU51ecs who voluntrxr bthged upon
orKupalion. omploymtnt oi. olh¢rwise hovin8 8r￿ClaI 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¢
Matt￿er 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 St￿le of fiffair3 ofBaird M¢moii*l 14om¢y ai Ih¢ cnd ofthe fJnanci•l
year the tiicome and ￿￿a￿li￿ly ofihc Ball￿ Mlmorial Homes for the yeay elided on Ihtti date. l# p)rparing
Ih¢$¢ finaneiil sIAloments IheTruslevts aiy ￿quir￿ lo..
Sgl¢¢i suitsbl¢ 4CCOUniing policles ond Iljen apply ihem consls*ntly'
Make judgement and ¢8Llinat¢s that uir ¥cason8ble and wudcnt.
Follow appllcabl¢ A¢¢ountlng 51ortda¢ds, subject Èo &ny m¥tLriil d¢purluTrA disvlosed find
explained In the financial slolemenis;
Pirpart Ih¢ fin&n¢i*l sl&iemcnls on Ngoifjg c(mLQrn b4sis unl<%811 18 inapproprloielo pre3umeth41
Balrd Memorial Homes wlll continue in opei8tlon.
The Tiuslees are r¢spon¥ibl¢ foi, k¢b'ping propri. Nccovnting i¥cord8 whith di%losc with reQ￿Nabl0 o¢cyro¢y the
rjnanclal PDSltion of Baliyl MeniorSal Homes and ¢0 en*bl¢ Ih¢m tD en8Lire Ihllt Ihc finan¢ial 51&1em¢nls Gtyhply wllh
th¢ Irquiremenls of the Oi'dtr issued by the Charity cfrmTh1￿lQI1¢rS for BnglBnd W&les dal¢d J F¢bru4ry 1981.
the Ae¢o¥NIIN% RefjNlremeiitsfo* ReglslererfSoclNILt7NrfloNlx GéNepftl D¢ierml*niioN 2000. Th6 tramework of
accounting ustd pYepBiing the finandol 8taiem¢n151s FRS 102 ISORPI.
Th¢y or¢ 4180 rnsptsnsiblc foi. the pl￿veNtIon •nd del¢clSon offiBud aijd oih¢r Irregularfties,
AF
All the th4nag¢m￿l WO￿ of the Balrd Memorial Homes is carried oy¢ on n voliinl*ry bfisS1 by all ofihe Thislee&
Th¢ Sl¢e MallagLf undcrlokes his duilcs without 8alory but iviih ￿ annual honorTri'Éum 4Dd 15 provid¢d with a ￿ll1-
fr¢¢ flAi in th¢ Baird Mcmth.l&l coll￿e3 undci. licence. A oltrk wu3 appoliilcd di1¢ lo ihc rcsignulioii of the
Seeret&ry and she also pttid iii honoioi'ia ¢0 ￿llect the woi,k it) pi'epaLiiion tol, and po$[ Ihe meedngs.
A resolution io IHppolnt Anihony Cyoft Ezekiel Ltd &8 th? Indepethi Examlner of ilie Ch￿Ity's 4ecounts ￿11
b¢ put tD djc Trustces It the An￿￿1 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 m*Je 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 $lnte 10 Il)E ¢lJai'ily's trustees Ih08e Inallers l am requlred 10
¥i*l¢to ihvm in th16 l*POrt ortd forno olh¢rpurp05c. To Ihc tullesl cxlcnt permÉftcd by l￿w, I donol occept or #J$um#
Ir%pun¥ibiltly to anyon¢ otiicj. thun thr ¢harily und tlic Chllrlty's t1￿81￿8 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 uru￿r Ihe2015 Oidw.
1¢ is niy krspon51bilily to..
oxamlDQ Ihe accounlB undcr8cciloM l45 tsf tho cl￿rItY Act 2011.
to follow Ilie pioceduYES laid down in lh¢ 8￿CIal Dlirolion3 glvrn by tli¢ Chayity Commissiun under
3ec¢loh 145 {51 {b} of the 2011 Act., and
10 51ale wheihei. pariÈculai' matt￿5 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 recol￿8 kepl by the ¢h&i'liy nnd fi ¢ompaYisiin of tli¢ ocrouni$
PKS¢Dt¢d willi Ih95E irci)iYis. 11 uls() incli￿￿8£￿ThSldLr￿l1On 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' l￿d 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 m￿lEy h48 cf*mo 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 8ccounti￿8 rocoiyis in accol￿ance 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
sTATEm￿NT 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$i Receivable & Inv¢Kmpnl
11.984
oiirbtlonyl IAEacl¢J& Slmll*r
In lknrtheiynre of Ilit ¥orl¢ly'J
•bl¢¢ts:
Hnu8in8A¢eomDwdoiioDLrt15nga
H¢N1ingCliar8¢JR¢¢¢lv￿1O
Sundry Inoime
31,842
6,B64
344
31,842
6,164
J2,924
864
50,551
50,551
51,772
RESOURCES KXPKNDED
C051 of￿¢11￿lIe1 in Purthcratt¢e
Of ￿￿￿¢ty.S thllriittblt obJeot$'.
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$i
Buildkn8& Plunl Inspe¢lion ￿¢
Indep¢ndeMI Bx*ninerJ F¢¢s
Snlv¢51 Ptyxble & SimilBr Cthu8eS
4.972
5,5N)
4.972
5.500
1261
5.037
94Y
6,992
1.650
4,435
4.45$
1.392
,392
1,080
1,080
1.080
135.652
135.652
35.165
N￿1. 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 DI1￿rrOW8￿1S1a gJi*s thr10a￿￿1ft IhoyoBr. All of i18 opertiions nreofn c￿l11n￿lng*abjre.

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
Deb￿1? & Th¢paymcnts
C￿h 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 acco1￿￿nc￿ 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 pro￿￿1#$ wfle¢ied In the finon¢lftl ytat¢tttenls at hiytorlcal cosi. To dale the bullding8
¥lement of Ihe cost, net of socifyl hou8in8 WI￿15, 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'ecognI￿d 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 M￿tyr dev¢lopm¢nis or fEfurbishm¥nt woi*s 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￿¢￿￿¢47￿dExptn￿I1rtrtAccoY￿¢ 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¢ HoUs1rt￿COiYOi?lI￿n, 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. th￿C 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
progt*ttiine 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 rel￿10n 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 ￿pIt￿ll￿d 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()
Is￿S
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 ￿y￿ble 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$Jl Deconiber 2025 IwThilnuedl
Alms-house8 In M&n￿ement- 6 unlt512024- 6 wilts].
The ¢h8rlty Is liablc undei'11s lelling ￿.1.￿￿￿ementS lo accept re5ponsibillty on behaifof Ihe rc5idents for waler rates
on ¢oGh unli lflatl.
The li)$Ur￿¢t ¢o$l# for the yew Include th¢ provision ofieBal liability iijsurwnce fai. Ihe Trustees iti the ex¢rc18¢ or
Ihelr dull
4. DIRECTORSI EMOLUMEN'fs AN
The DiJ%eior5 are defJhEd as the Chairmth and mthbei'5 of th¥ Bothrd Orn￿8¢¢¥$.
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
St￿tr¢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-b￿I#, 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¢tou￿19 31 Detembei. 2025 (conlinued)
202
Intere8t on the Hou51ng LDans Tepuyuble during lh¢ year
URP
Tlie Ioss120251 and the surpl￿12024]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 pl￿vIsIO￿ for UK Taxailon hag been mftd¢ iyithin these fjnonclol staiem¢n13 as th¢ A8Bo¢loll￿ 13 4 Y￿St￿d
¢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 y￿r
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 w*8 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 $p￿lf1¢ chDrB¢8on th¢ A￿)¢1￿tIon'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¢ ex￿ndItUr
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 dur*ng Ihe year
Inc]w8e ldccTe&￿l In mw*etV41u¢
1,167,318
7.047
168.rJ7
,04l,489
5,835
119994
Ai e*d 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 ¢ha￿e Lycelved In advance
other creditors Hnd accru¢d ¢xpM8es
Lending authorltles foi. in51Mlm¢nls Trf IrAty it)lei*8iel¢.
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 D￿eMber 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•lnlen*net
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 t*en yet *ilde foi, 8pe¢lfl¢ putpotrA Ideioila ot whlth run be made aYoll*ble Oh
requatl, wlih theTru51eu hAvlng Ihe poweron Ihe applica11￿7 of Ihe fund.
(b)
2025
2024
Balan¢eai bcglnnlng of y¢
I￿rease 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$ing Coiyoratlon r¢lating to ihlli property. In the event Ihot the TNste¢s aye i*quirtd (o repay or
redEem ikn l.Itsu$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 d￿rItY ￿ ￿MIllu¢¢d uMi¢r itsgoveilling Inslrument which18th#othr
of the ChoTIty ComiKlssIoi￿I'sf0l and WaleJ da*d 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 ￿0rd￿nCe wlth the provlslon8 of the Hou$lMg Act.
21.
TED
AR
NSATION8 AND CONTR
LING I
EREsrs
The Assttiailon18￿￿l￿1jCd by Ihe Bo4rdofTrustses. Th¢Ass{￿l￿10￿ h&8nrt und¢riok¢D tt*Msacilon8
wlih Any membw's of Bo4Ydof I'rugiees during ilie y¢w
NALY
2025
2024
Deyl&￿ttled Fu￿d
Unttili'ltt¢(l Jtunth
Rev31￿•110
24,639
24B.611
24,639
333,711
Totfi
15