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





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|<br>December2025||||||
|---|---|---|---|---|---|
||Note|Unrestricted|Restricted|Totalfunds|Totalfunds|
|||funds|funds|2025|2024|
|incometrom:||||||
|Donationsandlegacies<br>Charitableactivities<br>Othertradingactivities|6<br>7|93,811<br>5,464,502<br>40,491|3,996<br>3,262,040<br>-|97,807<br>8,726,542<br>40,491|86,279<br>8,214,981<br>56,106|
|Investments<br>Other|8|94,201<br>29,580|-<br>50|94,201<br>29,630|87,824<br>22,760|
|Totalincome||5,722,585|3,266,086|8,988,671|8,467,950|
|Expenditureon:||||||
|Raisingfunds<br>Charitableactivities<br>Totalexpenditure|9,10|(29,102)<br>(5,545,584)<br>(5,574,686)|-<br>(3,162,189)<br>(3,162,189)|(29,102)<br>(8,707,773)<br>(8,736,875)|(11,055)<br>(8,310,015)<br>(8,321,070)|
|Net(expenditure)/incomebeforegainson<br>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|





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





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





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|echarityhaspartialexemptionfromVATandexpenditurei<br>StatementofFinancialActivities(incorp<br>fortheyearended31December2024|srecordedaccordingly.<br>oratingtheincomeand|expenditure|account)|
|---|---|---|---|
||Unrestricted|Restricted|Totalfunds|
||funds|funds|2024|
|Incomefrom:||||
|Donationsandlegacies<br>Charitableactivities<br>Othertradingactivities<br>Investments<br>Other<br>Totalincome|84,524<br>5,027,166<br>56,106<br>87,824<br>22,425<br>5,278,045|1,755<br>3,187,815<br>-<br>-<br>335<br>3,189,905|86,279<br>8,214,981<br>56,106<br>87,824<br>22,760<br>8,467,950|
|Expenditureon:<br>Raisingfunds<br>Charitableactivities<br>Totalexpenditure|(11,055)<br>(5,218,833)<br>(5,229,888)|-<br>(3,091,182)<br>(3,091,182)|(11,055)<br>(8,310,015)<br>(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<br>Totalfundsbroughtforward<br>Totalfundscarriedforward|7,577,614<br>7,899,494|-<br>-|7,577,614<br>7,899,494|





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|<br>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|



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|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|





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|<br>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<br>Financingcosts|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Totalfunds|Totalfunds|
||funds|funds|2025|2024|
|Interestpayableandsimilarcharges|||||
|Onbankoverdrafts|3,476|9|3,485|2,812|
|12<br>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|||-|-|



|<br>Analysisofstaffcosts,Trusteeremu<br>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|



## 



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|16|<br>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<br>(To)Generalfunds|(103,897)|(98,723)|
||MovementinRestrictedincomefunds|(103,897)|(yJb,1Z3)|





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||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|



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|<br>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|






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|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)|-|



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|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|



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|<br>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|



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



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