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 Ne￿ngton Rood London N168SX Honornry Offleern: tygie Sworln. Chairperson Hvel Elli8- Treasurnr Bankors: Nallonal Weslminster Bank 198 Stok8 Nv*4ngton Hlgh Str8Ot London N167GA Indep￿dOn1 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 Ho￿Thj IWIK) we 8lsoTrustees) p￿ent ther report and exaFnined financial ststements ft)r the year 318t March 2025 The flnancBI StateM￿ts 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 Tf￿tees. Magge Seven'n. Chwrrwson Yvette Th￿na$- Seeretary Hazd B Twsurer Trust￿ ts the charty". So¢tlon B: Type of go¥eming d￿rnenL. How the ctsrity is cortstrlut￿l.' Register&J Charty TnL%tee se*icn methcd%". By appfKatTh ancV(x invitath)n on skii8 arbj experien¢e The Board of Trustees {Management COn￿lttee) rneet regukdy to make d￿l$SOnS fegarding the running and safeguarding of the assets of the ¢hty, t￿lUdiNj t*ing 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 d￿Po￿t Prcper accounting rewfts are maintain&J •)d informalion B rew It is cperating eff￿lendY and eff&tNety It ccfflplies with r￿ant 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 * prc*note 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¢cynmoJa￿ft for ¥ulrwable siroie y￿r￿j Wcffi￿- 17 to 21 yeaTS crf 4e in sh¥ed ￿cOmMI)Ja￿n. -To prnide infom7at￿ gUIdar￿ arKI sy*J( to prepare them for move on to indepeThdent INing. Publlc Ben•fit stal•ment". The Trustees of Ac*ee Housiryd prQ'￿t due regard to the Charty CommiSs￿)n'S guidantx on PU￿1¢ ￿￿efft. 1. Continwl with prow$￿n of a Housing Se￿￿ to and new twHIts by.. Maintaining a safe and S￿Ure enmronment for users Provmling ￿￿lar key WO￿ Se￿OnS Ensuring that the r)e&Js of the ￿Idents are respJ)ded to and guidan￿ and signwsting provided. One to one sessions maintainirKJ lrKIN#J￿f lena￿. Provhye infomiation ￿lIaTe B￿efftS Provpje continuing C￿l￿¢t for up to three ML￿thS to t￿antS have miNed t￿. in TRUSTEES. ANNUAL RWRT ACKEE HOUSING PROJEcr YEAR ENDED 31 IAARCH 2025 Section C: Obj•cti¥os and activits￿ (contlnued) 2. PreparatK)n for independenl living." Enccyjraged, IntrcxJuc￿ *Kt sigwted rnthvidua15 to key Ser￿￿5 (including GP'S, Therapeulic w(5 other services and helFed them to nav¥3ate Ih&r way to appropri*e communty supphyt Skills training arKI Pathways to Further Eduixticm. Debt ManaJemenL Intrcduckn to drfferent Banknng aff*wnenls and Pa￿n￿t Systwrts. Dis8eminated infomiatw)n on Heamh & WbeirvJ, PerstThl Safety, DcffjeSt￿ Vide￿, Gender Bas&J v￿le￿e., Rdationships, FGM, First and Mental Hea Dissemirtaled infcffiiation tratning cyportunthes: vdunteering.. apprenti￿h1ps and assist with job search The Trustee5 tel*ve thatthe wnrk Of1￿ Charity delNers dgnonstr*JÈ public ber*fft by r&lucing IKsmei&*sntss, impThing wel being and supportirwJ young Fe￿e lo live independentty. TRUSTEES. ANNUAL REpoirr ACKEE HOUSING PROJECT YEAR ENDED 31 IrfARCH 2025 Sectlon D: The Chanty maintain&J a sucLxsful and r*)sitNe rdatK¥)ship with its Land￿￿- Sarth&y Housing Asscciation, thus enabling us to continue r￿F4￿dIng to the d￿and for gC￿ qualty eommtsJati)n for Y￿ng wc¥nen with wFbJm wr Charity wcfjks. The Trustees are parbcul¥Fy eMyJrafftl by t￿d￿l￿0Pment sh(vm by the tenants most of wlKim e Th)w ero* in furtlEr &mmg, indudiNJ attendiw UnNersty, 8$ 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]L￿shIp in the sect￿. Summary of the main of the th*iiy during year. En￿3￿ with several aJert*s. making than aw¥e of our se￿￿ and conts.nu gocKI working rdaticnships with New H¢yizon Ycyjth Centre, Tr Greenhouse, H*ney Council, Hackney Socia SeNices and CrNs and LB HarirvJey amongst others. Ensured that all Heath & Saf* c£*mFdiarte th has c*Jt acLX)rding to their Improved lumarwnd ofvc*J rc*JnS, thus thicmsir•3 incAne ofthe organizatic￿. This is due tr) the persistent hard of the Housing Stsff aTrJ the gcc*J relat￿ShIpS with partr￿r agencies. This been Jnstrumental in mainta'ning the finaroal stsbility of the charity. Fa￿litated 15 tenant MoveM￿ts ￿C6S the properties. 4 Clients signposted to othw A￿l￿e8 for SP￿laI¢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 r6*efV•8 The Charty's finatwl F>)gIK)n al yearer*J 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 M￿ntained al levd. to i￿r the C￿aniSatIon,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 wh￿h may assisl our wcrfk and abk us to erqage with a Wid￿ rang8 ofthths. Other 0￿•1 infom￿0￿. 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 acc￿nts oflhg Tr￿1 for th& year erKted 31$1 M8Ath 2025 . whW* affeset cxrt on 9kn 16 The tharit￿S InJsta&8 we resp*J￿ for fhe prerwatkn of tho ¥£ounts. The ehaTiV$ 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 rospOn￿bilty to.. examin• the O￿nts 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) accorda￿8 wih the Gwwa] thrn#lons 9￿fi ty the Charfty Commission. An exwnination T￿lL￿19$ 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 ￿q￿re￿ in an audit and consequenty no is grrfen as to whother the accounts present a'true and fair. v￿W 8nd th8 rer4Jl is limitgd to th08e matt8TS in the naxi slatemgnL Indèpèmd•nt ExamlTr•rf• Statom￿l 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 prnp*È ￿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 s￿￿J[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 YE*JI 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 F￿lJ9 Lzmwj t)rwar 1221287 £1294,093 1,201,883 £1.222.287 r8**r8 ￿ [￿rISed gatr￿ ￿ k68es otsrtr8nlJThe repukd intre stakmertoffiranial acb"wtses. acc0npa￿r¥j rth an ir*ral 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 Tr￿us1p￿ PROJECT STATr1￿ OF CASH FIOWS FOR THE IEAR &4DED 31 MARCH 2025 2025 2024 OkEratx)g S￿) D¢Fr¢¢ntK)n ¢harg¢ Cl￿e xi debtors c1w￿e ￿ 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 re￿Ild CAixtsl repMI Increase iti cash 24,788 Cash aNI c&sh at l Apr 218.323 193,537 Cash a￿1 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 Stat￿entS a￿ prepar￿ ur)der Ihe htstortal ccot ConVent￿n aThY in cordance wlh the Statem￿t of ReccfflmeTrtsJ Prxtice, A￿nting aThJ Resy)rtiry by Charities ISORP FRS1￿2). (bl Grants Rent R8edvablo Grants and rent r￿*Vable are reLe{￿d cm the ￿rUal basis whiLst cther irKome is (cl Depreclation DePr￿4a1￿ on equpmtrrt Is the straight line tais at rates wh￿h are Intend￿ to wTrte off the rxél cl the OV￿ thir e&1m&￿ useful lives. No depr￿LatI)n is 1x0v￿￿j ￿ 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 ir￿cthe 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 unrestrict￿1 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 O￿Ar9 baLqrtè C￿rge 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 CRED￿oRs ANDACCRUALS 2025 2024 16.526 15.791 ACKEE HCXJSTrIG PROJECT NOTES TOTHE FMNCIAL STATEMEKrs YEAR ENDED 31 IAIRCH 2025 YJ24 H(XISW4G UNITS W MANAf*MEKr NoofLrits in marQgen￿rt0*￿I ) ofwits mawed c¥) t*haltOfpar￿iSSsLL￿*iOll ￿t￿lts in 18 18 18 18 STAFF COSTS 2025 2024 stsff co*sfi)rtre VILKI are asknkms. 43.903 3,911 5,791 31,2 3,157 3,107 Err¢)k$￿rs Nats(Trl Cot*it¥thc#) Pwtsion CC¥*nb￿i( £S3.eOS £37.554 &erage rw*¢rofstaff ￿￿£*d￿r•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 b*rre £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