2025-12-31-accounts

Contents	Page
Trustees'annualreport(incorporatingthestrategicreport)	3
Independentauditor'sreport	17
Statementoffinancialactivities(incorporatingtheincomeandexpenditure	20
account)
Balancesheet	21
StatementofCashFlows	22
Notestothefinancialstatements	23

December2025
	Note	Unrestricted	Restricted	Totalfunds	Totalfunds
		funds	funds	2025	2024
incometrom:
Donationsandlegacies Charitableactivities Othertradingactivities	6 7	93,811 5,464,502 40,491	3,996 3,262,040 -	97,807 8,726,542 40,491	86,279 8,214,981 56,106
Investments Other	8	94,201 29,580	- 50	94,201 29,630	87,824 22,760
Totalincome		5,722,585	3,266,086	8,988,671	8,467,950
Expenditureon:
Raisingfunds Charitableactivities Totalexpenditure	9,10	(29,102) (5,545,584) (5,574,686)	- (3,162,189) (3,162,189)	(29,102) (8,707,773) (8,736,875)	(11,055) (8,310,015) (8,321,070)
Net(expenditure)/incomebeforegainson investments		147,899	103,897	251,796	146,880
Net(losses)/gainsoninvestments	18	-	-	-	175,000
Netincomebeforetransfers	12	147,899	103,897	251,796	321,880
Transferbetweenfunds	16	103,897	(103,897)	-
Netmovementinfunds		251,796	-	251,796	321,880
Reconciliationoffunds
Totalfundsbroughtforward		7,899,494	-	7,899,494	7,577,614
Totalfundscarriedforward		8,151,290	-	8,151,290	7,899,494

	Note	2025	2024
		V	£
Fixedassets Tangibleassets Fixedassetinvestments Investmentproperty	17 18 18	5,555,850 - 5,555,850	5,669,681 175,000 5,844,681
Currentassets Debtors Cashatbankandinhand	19	101,683 3,131,854 3,233,537	208,290 2,553,320 2,761,610
Liabilities Creditorsamountsfallingduewithinoneyear Netcurrentassets Totalassetslesscurrentliabilities	20	(638,097) 2,595,440 8,151,290	(706,797) 2,054,813 7,899,494
Creditors:amountsfallingdueaftermorethanoneyear Netassets		- 8,151,290	- 7,899,494
Thefundsofthecharitablecompany
Restrictedincomefunds Unrestrictedincomefunds Totalfunds	21 22	- 8,151,290 8,151,290	7,899,494 7,899,494

	Note	2025		2024
Cashflowsfromoperatingactivities
Netcashprovidedby/(usedin)operatingactivities	25	438,304		21,941
Cashflowsfrominvestingactivities
Dividendsandinterestfrominvestments Proceedsfromdisposaloffixedassets	8	94,201 _		87,824 -
Purchaseoffixedassets Proceedsfromdisposalofinvestments Purchaseofinvestments	17	(128,971) 175,000 _		(78,521) -
Netcashprovided(usedin)/byinvestingactivities		140,230		9,303
Cashflowsfromfinancingactivities
Netcashprovidedby/(usedin)financingactivities		_		-
Changeincashandcashequivalentsinthereportingperiod Cashandcashequivalentsatthebeginningofthereportingperiod		578,534		31,244
Cashandcashequivalentsattheendofthereportingperiod		2,553,320	2 ,	522,076
	26	3,131,854	2,553,320

echarityhaspartialexemptionfromVATandexpenditurei StatementofFinancialActivities(incorp fortheyearended31December2024	srecordedaccordingly. oratingtheincomeand	expenditure	account)
	Unrestricted	Restricted	Totalfunds
	funds	funds	2024
Incomefrom:
Donationsandlegacies Charitableactivities Othertradingactivities Investments Other Totalincome	84,524 5,027,166 56,106 87,824 22,425 5,278,045	1,755 3,187,815 - - 335 3,189,905	86,279 8,214,981 56,106 87,824 22,760 8,467,950
Expenditureon: Raisingfunds Charitableactivities Totalexpenditure	(11,055) (5,218,833) (5,229,888)	- (3,091,182) (3,091,182)	(11,055) (8,310,015) (8,321,070)
Netincome/(Expenditure)beforegainson	48,157	98,723	146,880
investments
Netgainsoninvestments	175,000	-	175,000
Netincomebeforetransfers	223,157	98,723	321,880
Transferbetweenfunds	98,723	(98,723)	-
Netmovementinfunds	321,880	-	321,880
Reconciliationoffunds Totalfundsbroughtforward Totalfundscarriedforward	7,577,614 7,899,494	- -	7,577,614 7,899,494

Incomefromdonati	onsandlegacies
	Unrestricted	Restricted	Totalfunds	Totalfunds
	funds	funds	2025	2024
Donations	77,276	3,996	81,272	69,649
Appeals	1,185	-	1,185	6,630
Legacies	15,350	-	15,350	10,000
	93,811	3,996	97,807	86,279

	Unrestricted	Restricted	Totalfunds	Totalfunds
	funds	funds	2025	2024
Charitabletrusts	56,525	2,945	59,470	55,665
HousingExecutive	151,009	2,189,605	2,340,614	2,298,505
Residentialrents	4,575,735	933,313	5,509,048	5,062,131
Health&SocialCareTrusts	85,035	91,959	176,994	121,137
Congregational	20,821	-	20,821	24,039
Training	1,864	500	2,364	558
Othersources	573,513	43,718	617,231	652,946
	5,464,502	3,262,040	8,726,542	8,214,981

Incomefrominvestments
	Unrestricted	Totalfunds	Totalfunds
	funds	2025	2024
Bankinterest	94,201	94,201	87,824
	94,201	94,201	87,824

Resourcesexpen	dedoncharitable	activitiesby	activitytype
	Staffcosts	Othercosts	Depreciation	Totalfunds	Totalfunds
				2025	2024
Operatingexpenses	6,730,284	1,689,144	242,802	8,662,230	8,260,859
Financingexpenses	-	3,485	-	3,485	2,812
Societyexpenses	36,641	5,417	-	42,058	46,344
	6,766,925	1,698,046	242,802	8,707,773	8,310,015

Resourcesexpendedo	ncharitableactivitiesbyf	undtype
	Unrestricted	Restricted	Totalfunds	Totalfunds
	funds	funds	2025	2024
Operatingexpenses	5,500,050	3,162,180	8,662,230	8,260,859
Financingexpenses	3,476	9	3,485	2,812
Societyexpenses	42,058	-	42,058	46,344
	5,545,584	3,162,189	8,707,773	8,310,015

11 Financingcosts
	Unrestricted	Restricted	Totalfunds	Totalfunds
	funds	funds	2025	2024
Interestpayableandsimilarcharges
Onbankoverdrafts	3,476	9	3,485	2,812
12 Netincomebeforetransfers
			2025	2024
Thisisstatedaftercharging:
Staffpensioncontributions			210,927	200,463
Depreciation—chargeforyear			242,802	214,783
(Profit)/lossondisposaloffixedassets			-	-
Auditors'fees
Auditwork			6,778	7,000
Non-auditservices			-	-

Analysisofstaffcosts,Trusteeremu managementpersonnel	nerationandexpenses,andtheco	stofkey
	2025	2024
Staffcosts
Wagesandsalaries	5,391,073	5,133,174
Socialsecuritycosts	572,043	426,155
Pensioncosts	210,927	200,463
	6,174,043	5,759,792

Band		2025	2024
£60,000	-£69,999	3	3
£70,000	-£79,999
£80,000	-£89,999
£90,000	-£99,999

	2025	2024
	Number	Number
Social&supportprojects	96	101
Careprojects	118	120
Management&centraladministration	22	22
	236	243

16	Transfersbetweenfunds
		2025	2024
Unrestrictedincomefunds
Generalfunds
FromRestrictedincomefunds		103,897	98,723
	(To)/fromDesignatedfunds	-
		103,897	98,723
	Designatedfunds
	From/(to)Generalfunds
	FromRestrictedincomefunds	"
	MovementinUnrestrictedincomefunds	103,897	98,723
	Restrictedincomefunds (To)Generalfunds	(103,897)	(98,723)
	MovementinRestrictedincomefunds	(103,897)	(yJb,1Z3)

	Freehold	Leasehold	Fixtures	Office	Motor
	Property	Property	andfittings	equipment	vehicles	Total
Cost
At1January2025	6,748,149	75,000	955,770	419,698	11,912	8,210,529
Additions	-	-	14,016	114,955	-	128,971
Disposals			-	-	_	-
At31December2025	6,748,149	75,000	969,786	534,653	11,912	8,339,500
Depreciation
At1January2025	1,480,482	-	648,765	399,689	11,912	2,540,848
Chargeforyear	140,722	-	54,690	47,390	-	242,802
Ondisposals	-		-	-	_	-
At31December2025	1,621,204	-	703,455	447,079	11,912	2,783,650
NetBookValue
At31December2025	5,126,945	75,000	266,331	87,574	-	5,555,850
At31December2024	5,267,667	75,000	307,005	20,009	-	5,669,681

Debtors
	2025	2024
Amountsfallingduewithinoneyear	£	£
Tradedebtors	29,785	65,051
Otherdebtors	-	1,452
Prepaymentsandaccruedincome	71,898	141,787
Amountsduefromrelatedparty	-	_
	101,683	208,290

	2025	2024
Tradecreditors	177,280	146,228
Taxationandsocialsecuritycosts	150,872	124,674
Othercreditors	220,371	323,717
Accrualsanddeferredincome	89,574	112,178
	638,097	706,797

Restrictedincome	funds
						Balanceat
	Balanceat	Incoming	Resources	Investment		31Dec
	1Jan2025	resources	expended	gains/(losses)	Transfers	2025
NIHE-Supporting	-	2,038,416	2,074,782	-	36,366	-
People
Trusts		1,005,584	836,506	-	(169,078)	-
NIHE—HousingBenefit	-	151,189	173,544	-	22,355	-
Other	-	70,897	77,357	-	6,460	-
Total	-	3,266,086	(3,162,189)	-	(103,897)	-

Unrestrictedi	ncomefunds
						Balanceat
	Balanceat	Incoming	Resources	Investment		31Dec
	1Jan2025	resources	expended	gains/(losses)	Transfers	2025
Generalfunds	7,899,494	5,722,585	(5,574,686)	-	103,897	8,151,290
Total	7,899,494	5,722,585	(5,574,686)	-	103,897	8,151,290

Analysisofnetasset	sbetweenfunds
	Tangible		Netcurrent	Longterm
	fixedassets	Investments	assets	liabilities	Total
Restrictedincomefunds	-		-
Unrestrictedincomefunds:	-		-
Designatedfunds	-		-	-	-
Generalfunds	5,555,850		2,595,440	-	8,151,290
Totalfunds	5,555,850	-	2,595,440	-	8,151,290

Reconciliationofnetincometonetcashflowfrom	operatingactivities
	2025	2024
Netincome/(expenditure)forthereportingperiod(asper	251,796	321,880
thestatementoffinancialactivities)
Adjustmentsfor: Depreciationcharges (Gains)/lossesoninvestments Dividendsandinterestfrominvestments	242,802 - (94,201)	214,623 (175,000) (87,824)
Loss/(profit)onthesaleoffixedassets (Increase)/decreaseindebtors Increase/(decrease)increditors Netcashprovidedby/(usedin)operatingactivities	- 106,607 (68,700) 438,304	- (17,461) (234,277) 21,941

Analysisofcashandcashequivalents
	2025	2024
Cashinhand	21,124	17,119
Noticedeposits(lessthan3months) Otherdeposits Totalcashandcashequivalents	3,110,730 - 3,131,854	2,036,201 500,000 2,553,320