ACKEE HOUSING PROJECT FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Angu6 A John (FCCA) chart•r C•rtifigd Accountant 16 Stono18igh Closo Luton Bedfordshlre LU3 3XE
ACKEE HOUSING PROJECT FINANCIAL STATEMEPITS YEAR ENDED 31 PAARCH 2025 Reglstered Charity Number. R•glstor•d Addr8s6: 103 Stoke Nengton Rood London N168SX Honornry Offleern: tygie Sworln. Chairperson Hvel Elli8- Treasurnr Bankors: Nallonal Weslminster Bank 198 Stok8 Nv*4ngton Hlgh Str8Ot London N167GA IndepdOn1 oxaminer. ATh9 J(thn FCCA 16 Stonaleigh Clo8• Luton Bodfordshiro LU3 3XE
TRUSTEES. ANNUAL REPORT ACKEE HOUSING PROJEcr YEAR ENDED 31 AIARCH 2025 The Management Commrttee ofAd(ee HoThj IWIK) we 8lsoTrustees) pent ther report and exaFnined financial ststements ft)r the year 318t March 2025 The flnancBI StateMts kn been prepared with the acthuntirKJ pc4iaes ¥et out on page 12 comply wilh the ch¥tys trLtst deed aFf4icable k7W. S•¢tlon L. Charty Name: Registered Charity Numw. PrirKipal AthJre55: PalatY Road stcke Newington LoThlon N16 8SX Charity Tftees. Magge Seven'n. Chwrrwson Yvette Thna$- Seeretary Hazd B Twsurer Trust ts the charty". So¢tlon B: Type of go¥eming drnenL. How the ctsrity is cortstrlutl.' Register&J Charty TnL%tee seicn methcd%". By appfKatTh ancV(x invitath)n on skii8 arbj experien¢e The Board of Trustees {Management COnlttee) rneet regukdy to make dl$SOnS fegarding the running and safeguarding of the assets of the ¢hty, tlUdiNj ting all reasonable steps to reduce any tisk to the Chanty and to KJe rea5cmablg assurdn* that". Its ets are ¥afeguard&J 4ainst unautlK¥ised w and dPot Prcper accounting rewfts are maintain&J •)d informalion B rew It is cperating efflendY and eff&tNety It ccfflplies with rant lthvs and wulatKJn
TRUSTEES, ANNUAL REPORT ACKEE HOUSING PROJECT YEAR ENDED 31 MARCH 2025 Sectlon B: Structur4 govemance management (contlnued) Trustees are unpaKI and derive no ber frLYn the Charity. The Chartty is making greatereffcrts to irKreasetr arnl sktllsoftrt Bcord to broaden its inpa¢t * prcnote gruwth. Section C.. ObJo¢ti¥06 and athitlo8 Summary of the objects of the charfty #ot out In Ils govornlTrJ documorrt: -To Fwovide short term x¢cynmoJaft for ¥ulrwable siroie yrj Wcffi- 17 to 21 yeaTS crf 4e in sh¥ed cOmMI)Jan. -To prnide infom7at gUIdar arKI syJ( to prepare them for move on to indepeThdent INing. Publlc Ben•fit stal•ment". The Trustees of Acee Housiryd prQ't due regard to the Charty CommiSs)n'S guidantx on PU1¢ efft. 1. Continwl with prow$n of a Housing Se to and new twHIts by.. Maintaining a safe and SUre enmronment for users Provmling lar key WO SeOnS Ensuring that the r)e&Js of the Idents are respJ)ded to and guidan and signwsting provided. One to one sessions maintainirKJ lrKIN#Jf lena. Provhye infomiation lIaTe BefftS Provpje continuing Cl¢t for up to three MLthS to tantS have miNed t. in
TRUSTEES. ANNUAL RWRT ACKEE HOUSING PROJEcr YEAR ENDED 31 IAARCH 2025 Section C: Obj•cti¥os and activits (contlnued) 2. PreparatK)n for independenl living." Enccyjraged, IntrcxJuc Kt sigwted rnthvidua15 to key Ser5 (including GP'S, Therapeulic w(5 other services and helFed them to nav¥3ate Ih&r way to approprie communty supphyt Skills training arKI Pathways to Further Eduixticm. Debt ManaJemenL Intrcduckn to drfferent Banknng affwnenls and Pant Systwrts. Dis8eminated infomiatw)n on Heamh & WbeirvJ, PerstThl Safety, DcffjeSt Vide, Gender Bas&J vlee., Rdationships, FGM, First and Mental Hea Dissemirtaled infcffiiation tratning cyportunthes: vdunteering.. apprentih1ps and assist with job search The Trustee5 telve thatthe wnrk Of1 Charity delNers dgnonstrJÈ public berfft by r&lucing IKsmei&*sntss, impThing wel being and supportirwJ young Fee lo live independentty.
TRUSTEES. ANNUAL REpoirr ACKEE HOUSING PROJECT YEAR ENDED 31 IrfARCH 2025 Sectlon D: The Chanty maintain&J a sucLxsful and r)sitNe rdatK¥)ship with its Land- Sarth&y Housing Asscciation, thus enabling us to continue rF4dIng to the dand for gC qualty eommtsJati)n for Yng wc¥nen with wFbJm wr Charity wcfjks. The Trustees are parbcul¥Fy eMyJrafftl by tdl0Pment sh(vm by the tenants most of wlKim e Th)w ero in furtlEr &mmg, indudiNJ attendiw UnNersty, 8$ vdl a$ ta'ng in part-twne Jpbyment. Dewle onging pressure wrthin the sth and the Innitattons dbeiNJ a small organization, Ackee CLinlinues to ddiver mantain its rdat]LshIp in the sect. Summary of the main of the thiiy during year. En3 with several aJerts. making than aw¥e of our se and conts.nu gocKI working rdaticnships with New H¢yizon Ycyjth Centre, Tr Greenhouse, Hney Council, Hackney Socia SeNices and CrNs and LB HarirvJey amongst others. Ensured that all Heath & Saf c£mFdiarte th has cJt acLX)rding to their Improved lumarwnd ofvcJ rcJnS, thus thicmsir•3 incAne ofthe organizatic. This is due tr) the persistent hard of the Housing Stsff aTrJ the gcc*J relatShIpS with partrr agencies. This been Jnstrumental in mainta'ning the finaroal stsbility of the charity. Falitated 15 tenant MoveMts C6S the properties. 4 Clients signposted to othw Ale8 for SPlaI¢s1 SUFPOrt and kncial hardship.
TRUSTEES, ANNUAL REPORT ACKEE HOUSING PR¢)JECT YEAR ENDED 31 PAARCH 2025 S8ction E: Finan¢ial Rv4iow Brlef statement of the charity's policy on r6efV•8 The Charty's finatwl F>)gIK)n al yearerJ was ¥X)le. TtX4 for yearwas £307.995 and expenditure was £236,3. The Trustees have ordully reswrces to Bure that fvThJs are usgj efficientty arKI in lirE ¥Mth the Chari$ cli8thves. The Charity has a pokcy of unrestricted reser, whth rs maintai al a e1 sufficient to Ver any unfoteseen eventualths fora minimum of stx months. unre[t reserves are Mntained al levd. to ir the CaniSatIon,S contraknl cknkuabc. The Charty's prirKipal s(JJrce of cOMe is deriwJ from rts rental irwne. As such, al relevanunecessary steps are tsken to ensure that tenants meet tIH"r Obligati to the Charrty. In the event of any drffiwII, act ig taken to minwnL8e risk to the Charity. l activities and njnning sts and Mainten< ofth8Ch&ity is covw&J ty the irwme rated through rents. This is a sitLMti)n Wh the CIArity wcMJld like to JresS in cyder to keep the servif cha affordable for tyjr clients. To that end Ackee ¢xJntinues expkning funding fr(xn Oth sources whh may assisl our wcrfk and abk us to erqage with a Wid rang8 ofthths. Other 0•1 infom0. Nore Sectlon G: Declaratlon The trnste86 declare that have approvod tho Inmt8•' rgport abov &gnéd on bohalf ol tho charfty'8 truslo08 Signaturn(8) Full nam? Posltlon Date.. Chai
REPORT OF THE INDEPENDENT EXAMINERS TO THE MEMBER8 ACKEE HOUSING PROJECT YEAR ENDED 31 MARCH 2025 I ieport on Ihè accnts oflhg Tr1 for th& year erKted 31$1 M8Ath 2025 . whW affeset cxrt on 9kn 16 The tharitS InJsta&8 we respJ for fhe prerwatkn of tho ¥£ounts. The ehaTiV$ trustees cg)nsider thet Sn audit L not required for this yèar uTrJer Sedttin 14412) of the char¢¥ Act 2011 Ilhe 2011 ktl and that2n independent examination is neoded. ll 1$ ry rospOnbilty to.. examin• the Onts under on 145 ofthe 2011 To follow the prttedur8s laid dtrwn in thg 98rwal 18¢1 gr4wn ty the ComrNs8K under Secttcffl 145(5)Ibl of thè 2011 P Bagls of Indop•nd•nt eumln•f¥ Report examinatit was carried fMJt w) accorda8 wih the Gwwa] thrn#lons 9fi ty the Charfty Commission. An exwnination TlL19$ a revrw of thé accounting records k8pI by the charity a ccffiparison of the accc¥Jnts presented wth those records. It also includes nside[atIon of any unusual iter$ ¢Y discknsur88 in the &counts. and seeking expkqnafions frDm you as trustees concemro any stth motters. The pro¢edur8s undertaken do FW)t proyhle all the evidence that wkl be qre in an audit and consequenty no is grrfen as to whother the accounts present a'true and fair. vW 8nd th8 rer4Jl is limitgd to th08e matt8TS in the naxi slatemgnL Indèpèmd•nt ExamlTr•rf• Statoml 1. whkh gNes me rèaw8bl8 ¢ause to beti8¥e that in any material resped the rewrerrnr (al lo k88p ac(xJunting re¢4yds in S&#ion 130 of Iha 2011 Aet: and {bl to prnpÈ Unts which accord with tha arcountsng rocords aThJ conwy wrth thè aGGounting rewirements of thè 2011 P4 Iwe not been OF 2. to which, In wr tyinion. alleTrtk)n sJ[d be drn•m in to a wopw urKler¥landing of the aGcowts to bè rexhed. ..zfi-. (!1.: LOI ANGUS A JOHN IFCCA) CHARTERED CERTIFIED AccourirANT 16 Storwlefgh C50 Luton Bedfordshir• LU3 3XE
ACI(EE HOUSWIG PROJECT STATEIENT OF F14ANCIALACTMfES YEJI ENDED 31114RCH 2025 INCOIAING RESOURCES NOTES 2025 11b)&8 301.998 (66,2121 235,78fj Less )Id8 aTrJ doththj debts NgtTrrft rp¢xiYat49 38,443 307.995 RESOURCES EXPENDED MarfigemertaTrJ adrniriStrati 10 89,297 53,867 93,799 80,899 57,270 77,874 216,043 HoLBirg assc(iation clwges Total 12 C¥Jer8tirg StwrAty £71,032 £19,743 1(b1&9 774 1 [ N•tSurpkM fortheyur FLnYs brwJMfDrvartl FlJ9 Lzmwj t)rwar 1221287 £1294,093 1,201,883 £1.222.287 r8r8 [rISed gatr k68es otsrtr8nlJThe repukd intre stakmertoffiranial acb"wtses. acc0npar¥j rth an irral M0ftsa¢
ACKEE HIXJSIMG PRIXIECT BALANCE SHEET ASAT 31 IAARCH 2025 EMPLOYIAENT Cf CAPITAL 2D25 2024 Fi>1 Assets 855.622 856.634 CURRENT ASSET8 Debtors arnl prepa CashaNJ bark ba& 163.6&3 291,314 454.997 163,119 218,325 391,444 CURRENT UABILrrES Creditor8 8tsxoL8 16. 115,791) NET CURRENT ASSETS (LTABILfTESI 438.471 335,653 £1 FINANCED BY: Gerwal 1.294.093 £1 1.222,287 Sou•fary... Boardm 10
ACKE Trus1p PROJECT STATr1 OF CASH FIOWS FOR THE IEAR &4DED 31 MARCH 2025 2025 2024 OkEratx)g S) D¢Fr¢¢ntK)n ¢harg¢ Cle xi debtors c1we credittrs Net CA8h fillllow fmm tIvItieS 71.032 19.743 1.659 (1,0081 5,638 26.032 (564) 735 71609 Retsnk8 on investments aul of Infrrest receiv 774 661 nvesting Activities Pwchase ofotlrr fL¥ed assets 13941 (1.9Jn Iyet easb iDllow fumncing 24.786 IAbgll8 reIld CAixtsl repMI Increase iti cash 24,788 Cash aNI c&sh at l Apr 218.323 193,537 Cash a1 c&sh equivakrts at 31 March 291.314 218,323
ACKEE HOUSING PROJECT NOTES TO THE FINANCIAL STATEMEpirs YEAR ENDED 31ST PAARCH 2025 ACCOUPITING POLICIES (al Basls of proparatlon of accounts The finarrial StatentS a prepar ur)der Ihe htstortal ccot ConVentn aThY in cordance wlh the Statemt of ReccfflmeTrtsJ Prxtice, Anting aThJ Resy)rtiry by Charities ISORP FRS12). (bl Grants Rent R8edvablo Grants and rent r*Vable are reLe{d cm the rUal basis whiLst cther irKome is (cl Depreclation DePr4a1 on equpmtrrt Is the straight line tais at rates whh are Intend to wTrte off the rxél cl the OV thir e&1m& useful lives. No deprLatI)n is 1x0vj freeP•)kl buikliTrJ as it is the charity's poiry to rnatntsin the buikymg in sueh eoNJition that the Val of the buikfjing ig not impaired by the passaje cé time. Suth expenditL5re is Char to the irKome and axpenditure OUnt. {d> Ropla¢oment aThl Raxwal Costs Capital experKJiture CO a cydral natwe is eltarged to the ircthe aThJ pendIture in the year of purchase. {e} Fund Accounting Grants Similar in)Me whi¢h are subi8Ct to donor wnptssed restrictions ay to their use d relata expeTrJiture are &counted for 8$ re#riC fvjnds. AM (rther income are shown Genwai fur#Js are unrestrict1 funts whKth are a4alatAe for use at the dk8cretKJn of the trust&s.
ACKEE HOUSING PRaJECT NOTES TOTrIE FTrIANCIAL STATEIIENTS YEAR ENDED 31 MARCH 2025 FIXEDASSErs Freehold Pro COST VALUATKYI (Ipenrg bala Additsorsfortre year 850.OQ) 30.661 880,661 394 Cthirg baar 850,0[ 31,055 881,055 ACCUIAILATED DEPRECIAT OAr9 baLqrtè Crge forts Jtar 24,27 24.027 1.4C Cbjsiro b*r 25,433 25,433 NET BOOKVALUE as at31st Marth2025 £&50,LXQ £5,622 £855 622 as at31st Marth2024 £850.CiLI 6.634 £85e 634 DEBTORS AND PREPAYWEP 2025 2024 186,028 41,321 144,707 Less."ProMsionA)r¢knbthd thbts 61,321 145271 LorYJ tem rk)ar 18,412 18,412 £163,683 £163.119 CREDoRs ANDACCRUALS 2025 2024 16.526 15.791
ACKEE HCXJSTrIG PROJECT NOTES TOTHE FMNCIAL STATEMEKrs YEAR ENDED 31 IAIRCH 2025 YJ24 H(XISW4G UNITS W MANAfMEKr NoofLrits in marQgenrt0I ) ofwits mawed c¥) thaltOfpariSSsLLiOll tlts in 18 18 18 18 STAFF COSTS 2025 2024 stsff cosfi)rtre VILKI are asknkms. 43.903 3,911 5,791 31,2 3,157 3,107 Err¢)k$rs Nats(Trl Cotit¥thc#) Pwtsion CC¥nbi( £S3.eOS £37.554 &erage rw¢rofstaff £dr•j Was 1.51202411.2SI UNRESTRICTED FUND (al GENERALFUND 2S 2024 OperirvJ b&rte 372287 £71.8L6 444,(J33 351.8&3 20.404 372.287 Ch)siTrJ ba Ib) PROPERTY 2025 2024 850,C Revathbon Cbsirg brre £850.(KQ £850,LXK) Tot* Fwxls £1222 fi)r# period of&8 mcftr 14
ACKEE HLXISWG PRCklECT NOTES TO THE FINANCL4L STATEkENTS VEAR ENDED 31 IW<CH 2020 2026 £346.438 2024 £301,998 RENT RECEIVABLE OTHER INCOI 2024 774 774 io IW4AGEW4T AND ADMWISTRATIVE COSTS 2025 Snes ard wages Adffjng, pnrthrij. pc6tap & ststic#vy TephOrE Tr41 ar(1 5thStere 53,605 1,390 2,676 37,554 970 252 123 8.830 4,978 125 270 110 6,732 5,627 VdLrteeraThJ ssthe)perÉ5es B1r*s8 rate8 Office 8Th1 rep81r8 TAirirKJ Aujil ar¥J 950 2.475 4.157 1.547 DeFyal.0n Bark thryJes aThJ irlml 283 15,746 £89297 £80,3 11 SERVICE COSTS )24 CoLrol tax Water rates 15.570 11238 17,047 11644 5,743 £53,8KI 21,3C6 11.814 8,927 £57270 Fqepasrs 12 HSINGASsOCIATKl CHARGES 93,793 Tl.874 15