2025-03-31-accounts

Registered no.. IP169 Radius Housing Association Limited Annual Statement of Accounts for the year ended 31 March 2025

Radius Housing Association Limited Annual Statement of Accounts for the year ended 31 March 2025 Contents Pages Board of Management and advisers Strategic report of the Board of Management Report of the Board of Management 10- 11 Independent Auditors, report to the members of Radius Housing Association Limited 12-14 Consolidated statement of comprehensive income 15 Consolidated state￿ellt of changes in reserves 15 Association statement of comprehensive income 16 Association stateinent of changes Èn reserves 16 Consolidated statement of financial posÉtion 17 Association statement of financial position 18 Consolidated statement of cash flows 19 Notes to the financial statements 20-44

Radius Housing Association Limited Board of Management and advisers Board of Management Mr M Pitt FCA, MACC, Bsc Hons Mrs L Campbell NIBE BA (Hon5}, DIPL, PGID. Ir C Doherty Bsc (Hons). Msc, MRtCS Mr S Dolan BS¢ (Hons), PhD, IPFA {rtd) Mrs L Kelly RN ￿[SC BS¢(Hons) Mr Bobby Mcconnell BA BSc(Hons) Mi. P fvlcGLLinn¢ss FCCA. CTA Mr D Quinn MEng MloD Ir N Quinn FCA Bsc Msc Mrs J Richardson Mr J Taggart MRECS RECS Mrs H Walker Bsc, DIPL. Msc, PGDIP [Chair Ivice Chairl [Tr¢asuroT] Independent Member of Radius Homes Limited Mr D Neill MRICS, DIPL PM (RCIS) rtd Independent Member5 of Tealstone Developments Limited rylrs M Enolish LLB, CPLS Mr l Lees FCA Mr D Neill MRTCS, DIPL PM (RCIS) rtd Independent Mtmber of The Radius Foundation Mrs J Gavin Chief Executive and CompAny Secretary Mr J McLean OBE B.Eng. Msc DipfvI MBA CEn& MIEI Registered office 3 - 7 Redburn Square Holywood County Down BT18 9FIZ Bankers Danske Bank Limited Donegall Square West Belfast BTI 6JS Solicitors Wilson Nesbirt 33 Hamilton Road Bangor BT20 4LF Independent Auditors Grant Thomton (Nl) LLP Chartered Accountants and Statutory Auditors 12- 15 Donegall Square W¢st Belfast BTI 6JH RegÈstBred under the Co-operative and Community Benefit Societies Act (Northern Ireland) 1969- No IP169 Regiscered under the Housing (Nl) Order1992 - No Rl Registered under the CharÉties Act (Nl) 2008- No NIC102575 Registered ivith the Fair Employment Commission No 499

Radius Housing Association Limited Strategic report of the Board of Management for the year ended 31 March 2025 Governance Th¢ Board of fvIanagement present their strategic repoff and the audited financial statements for the year ended 31 March ?02) of Radius Housing Association Limited (the"Association") and its subsidiaries Radius Homes Limited and Tealstone Developments Limited and The Radius Foundation (Ihe"Group"). Corporate Plan 2022123 to 2026127 A5 we completed the third year of our latest corporate planning cycle, we made positive progress L¢Fainst the ooals and priortties of our Corporate Plan. Despite the UK and olobal financial pressures w¢ ar¢ enhancing our busilless and positively impaclinu on Ihe communities we serve. Values: Purpose; Bustntss Objectives: olden threads Customer Firsl To iinpi'ov¥ lives andCLvftin￿￿l1ieS Ihi'oiigh Qui. homes, care andsupport Makin adi erence da¢1 Grgai Plocgs PosiCiv6 vts Toprovid8 homes ihat build a better pla¢efor all EmpoTrygi"edPeople Drivin siist¢7inable AssuredB14sinÉss Èiker as one While we grew our business martsin2lly ahead of wtret, our operalinu surplus ai 170/ts was impacted by the actions we took to help our customers navigate the unprecedented Increas￿ in the cost of living. This by way of rent, service and healing eharge 2batement5. Radius's credit rating ai A2 Stabl¢ is Moody's highest UK rating for & registered providtt with the exceptioll of on¢ ottLer English association. We have plans to increase our margin under our 'str¢amline And optimise. business programme through 2025126- 2027128 which will see us raise iRcom¢, modernise our processes and r¢dure waste and avoidable costs. Looking in turn at our four business priorities.. Custom¢r First- Great Pla¢e5' Empowered People. and Assured Business, we note the followinu ¥ pro￿esS. Great Plaees Radius's development aSPlTations are martsimally behind where we expected to be under our S year, 1500 new-start target. We will have commenced 820 new homes on site in the three years against a target of 900. All have bcen built to EPC level A or B and over 807 have been developed on fornier brownfield sites. Wat¢r infra51ructure capacity and government capital funding issues have mainly impacted on our efforts to exceed target And these factors are not expected lo resolve themselves in the neyl two years. Similarly, completions Én the same period ai 643 have been largely irnpacted by delays on signature projects as some contractors experienced financial strains. delays in utility connections and planning decisions took lonoer than forecast. Radius continues lo manage an on-site programme of b¢twe¢n 650 and 700 units across an my of sites in Northem Ireland. Over the 5 year5 we plan to illvest £150rn across our existing homes throwgh major works, response and cyclical repaiis. adaptations, compliance works. servicing and inspection are oil track to do so. Customer satisfaction levels with planned and response Maintenance remained high at 93YD Wlth emergency, yr(Fent aJ)d routine repaiTS hitting target on between 880/0 and 950/0 of callouts. On average we managed to relet voids after 39 days while COllLpleting first-tim¢ fixe5 on 990/0 of callouts. Our void levels stood at ?.90/th of stock. At year-end we 3chieved IOOO/o compliance in gas servi¢ing, fire-risk assessments and fire alarrn insp¢¢lions and repairs. We delivered nearly £35m of improvements across our stock in 2024125. 850/0 of Radius homes are rated at EPC Level C and above. For those properties below Level C which are vacant and beloiv de¢enl homes standard5, we ar¢ either disposing of thetn or carrying out major retreneration works, where it is viable to do so. In this way we will cut close to 250 long tenn voids by the end of 2025126. We a150 revised our Damp, Mould and Condensation Strategy and Policy and h&ve brought dampness oolo our c¢impliance monitoring list, to enhance response and remediation times. We fully refurbished our Glenalina Lodge HWC Scheme in late 2024 and expect to achieve reallocation of all apartments by the end of November 2025. We disposed of our Russell Court offsc¢s to Qu¢ens University Belfast to be developed a5 a research facility for them and the Belfast City Hospital. We managed to reconfigure our Laurel Lodge housing scheme in Lisbum as a homeless hostel which we are operdting with parther, The Simon Community. Meanwhile work commenced on our new offices at Holywood whi¢h will support flexible and SMART working and bring together the full office team io a shared Space for the first time since Radius was fornied in 2017. The Works are due to complete in late 2025.

Radiiis Housing AssociatRon Limited Strategic report of the Bogrd of Management for the year ended 31 March 2025 (continued) Great Places (continued) For the year ended 31 Marcli 2025, Radius Housing, tncludints it5 wholly owned subsidiaries, reported the following ener usage alld carbon emissions for the Group'5 co￿Orate activities.. Underlying global energy use for the year ended 31 March 2025 of 50,746,214 (?024- 5? ?46,585 kwh). Ani)ual GHG emissions for the year of9.024.9 IC02 <2094 - 9,i16.8 tC02). Emtssions intensity ratio of 0.078 GHG emissions per £m revenue (2024 - 0.089). The above SECR disclosure present5 our carbon footprint across Scopes 1. 2 and 3, together with the appropriate intensity metric and our total ener￿ use of ele¢tLicity, gas, keT05¢ne, LPG and diesel van5. The usage is Js follow5.. 2025 kwh 2024 Electric Kerosene 7,329,293 7.359,452 13,678,457 14,106,833 1,5?6,374 1,420,186 28.065,925 29225,193 146,165 134,9?2 LPG Di¢sel Total 50,746,214 54,246,586 Ratio- 9.024.91115.5L?.994 (Net Turnover) = 0.078 (2024- 0.089) Customer First Our Customer Servtce Celltre (CSQ is now well established with 20 agents and support Staff responding to all repair and the majority of housin(r enquiries. Our CSC SLA level was sroring at +800/0 through most Of Ilie year as call advisers 8djusted to delivering an expanded seiyice and we chanoed our telephony platform to th¢ Cisco Webex system. Customer £ompl3ints from the 3? 000 households availing of our support. reduced over the 12 months by ?4/0 10 156. Approximately JOD/o of omplaints were upheld with IO'/o bein(r

partially upheld. Our tenant engaoement and Community investment systems and proc¢$5¢s have evolved greatly over the three yeers, so much so that Supporting Communities iii our Inost recent Tenant Participation evaluation, lifted Radius from Silver to Gold status. We are the f￿st N. Ireland a5so¢iattoll to do so. Our performance across Customer Service Excellence, SP and RQIA Inspections, and the Telecare TSA evaluation standard all showed improvements under the 3rd party assessments. We ¢ontinued ¢0 grow our 'Hou5ing for All. programme wtth the level of annual assislarRc¢ moving from £800k lo £lm. In a typical year Nv¢ are receiving between 8,000 and 10,000 attendees across 200 evenis. in partnership ivith up ¢0 40 ommunty groups and Third Sector providers. Our Connect 24 service has maintained a steady customer base of c.19,000 end-u5ers. with nearly 230 new cust01n￿S Signing on to the service each month. Meanwhile our leading-edge ¢onnecled- health contract contAnues to enable people to self-manage their chronic illnesses and live indeperkdently across all lo¢al health trust regions. Housing management perfotmance has been robust as our ¢ustom¢rs have faced serÉous finanGia] pressures. Our rents ￿'t on average 240/0 below market rents with the gap rising to 4>0/0 in and around Belf2sL Tenant Lwross arrears held at4,1ty/o and at 2.70/0 for residents of housino.with-¢are. Aff¢ars levels reflect the challenges of migrating to Untversal Credit and the increase in costs facing all households. Radius shielded tenants from almost £1.3m of service and heating ¢harges during 2024125. This subsidy will be phased out over 3 year5 but ￿eant many avoided certain povety. Those of our ¢uslorn¢rs who faced extreme financial hardship were able to avail of a special £38,000 KaTdship Fwid. Our dedicated In¢omc Team through their Benefit Officers helped many to access £m's of support payments for which they were eligible. We have plans to expand our use of Al tschnology to increase focu5 OEt those tellartcie5 most at risk, During the year we split our fornily g¢neral needs and independent living teams so we could tatlor our offeritig more specificalty to tenant needs and this is bedd2ng down well. We ￿duced our void level across 'fit for letting. properties to 1.70/9 and implemented our Voids300 Strategy, aimed atrel¢asing 300 longterni voids over18monihs. Ournew Response and Healing MTC'S whose 5pecifirations were co-desioned wtth tenants, have now been in place for over a y¢ar with perfonnance and tenant s&tisfartion levels trendin<r very positively from previous years.

Radius Housing Association Limited Strategic report of the Board of Management for the year ended 31 March 2025 (continued) Empowered People Radius employ5 954 sraff through full and part-time working arrangements who together deliver the equivalent of 783 FfE P05ts. 8?Yo are lemale and 180/0 male. Th¢ senior management tean Comprises 58•/0 females and 42Vo males. Oyr liybrid and more flexible working regimes are now well bedded-in for office-based staff. We also managed lo enhance our rota Options foL' those workin¢F withiTh the 24hr care aspects of our business, Having encountered one of the most ¢hallenging recruittnent periods in recent years during 2022 to ?0?3 we were pleased to see application levels return closer to nonnal during 2024125. While ￿me skills areas remain challengmg lo fill, Radius's staff tymover levels are still well below the sector average for our skills mix at just ov¢r 130/0. StatT absence levels in the same period equated 10 on averatre 8.4 days per employee. In Ihe [￿$t 3 years of our corporate plan we launcbed our People and Culture Strategy and our Radius Academy and refreshed our Staff Voi¢¢ consultative foiELm. Radius's Chang¢ Champion Network has played a pivotal role in developingand tsiloring the outsvorkingA of staff feedback from SUf+'eys In￿ policy and PTOC¢SS ¢hang¢s. They have also infornied the detailed design of our new office5, namely Radius House. Our Learning and Development (L&D) Tekm worked with each directorate through 20?4 to shape arkd tailor a refreshed L&D protrranune which now. more than ever, meets the needs of stoff and our Customers. 'rhe Radius Intranet Site 'Our Place, has been expanded to include additional resources promoting mental ivellbeing and healthy living. We have introduced salary sacrifice schemes such As cycle-to-work, gytn membership and the Tusk"er EV Car S¢hern¢. Having reviewed our Defined Contribution pension scheme in 2024, we will move to a more beneficial provider in ?0?5. In our latest staff survey: 890/0 felt whftt they did contributed to the success Df Radius 780/0 confirnied they enjoyed their job 83 % felt the￿ manaoer provided them with adequate commitment and support 83 /0 were clear in how to access support TEgarding wellbeing, health and safety Assured Business Radius Houslng Ass0¢ialion Limited is registered under the co.operative and Community Benefit Socielies Act (Northem Ireland) 1969 (No. IP 169) and is a Registered Housing Association (No. Rl). The Association is a registered charity under the CFLarities Act (Wl) 2008 (Chariry No. NIC102575). The responsibility for the general policy, manaoement and operation of Radius r¢s£s with a voluntary and unremunerated committee known as the Board. Day lo day ￿anagement is delegated Èo the Chief Executive and the six directors. Radius maintained ils 'Satisfactory' regulatory rating from the NE Department for Cornmunities while our housins with care schemes continued to receive positive RQIA reports following unattnounced inspe¢tÈons. Grani Thornton and RSM, indep¢ndent external and internal auditors respectively, continue to review our fll)ances and ￿Te pro¢es8e5 and to signpost us towards best-pra¢tice and possible ar￿ for improvement. From a treasury perspective. Radius through ?024125 mainiain¢d Significant headroom on its key treasury ratios and covenant5, with interest cover rising lo 316Vo: well above the 121V/o covenant limit. Similarly gearing at 21 /c¢ was well within the 500/4 limit. Radsus had entered the corporate plannin8 period with £220m of loans a £50rn r¢volving crEdit facility (RCF). SÉnce that time, we have taken a £20m Green Terni loan with Barclays, the r￿st local association to do so. In late 2024 we approved an additional £75m loan facilitv with Danske Bank, a £25m RCF with Ulster Bank and renewed our Barclay's RCF. These additional faciltties wtll help fund our development and investment plan5 for th¢ next 3 years. Radius's subsidiarie5 Tealslone Development5 and Radius Homes hav¢ been operating for severdl years with Radius Homes consistently oifting between £250k and £300k per a[￿urn back to the core business. as part of our value for money plans. In 2024 we laua¢h¢d The Radius Fol￿datiOn, the first local association to do so. This charitable subsidiary will benefit from very generous dOn￿lon5 such a5 the McKinsty Legacy which will help fund a range of support services for tenants, residents and communities in areas where we are unable to access Housing-for-all monies. We will recrutt a fundraiser in 2025 to identify further source5 Of income and 5UPPOrt outside of norn]al housing revenue fimding sources.

Radiiis Housing Association Limited Strategic report of the Board of Management for the year ended 31 Mareh 2025 (continued) Assured Business (contlnued) In late ?023 we commenced the replacement of legacy estates and housing manaoement IT systems with the adoption of a dedicat¢d ¢omplian¢e and 3afety management system- Complian¢e365. This measures Progre￿ on certificaiion over einailed assuran¢es in all areas of Compliance. We also commenced the process of adoptintr our new cloud bas¢d NEC Housin lanagement System. We expect it to go live in late 2025. Across our business we are cleansing and consolidating our data, We will carry out ali enhan¢¢d stock condition survey across IOOQ/n of our propertie5 over the next 18 months. Goillg forward this will enable us lo make investment decisions more accurately based on known business pi'iorities. In 2024 our internal audstors. RSM, were asked by the Board to review Radius's uovernance and the effectiveness af board and commiltee tneelinvs. Their fMdin￿S w¢r¢ largely very positive with re¢onimendalions mainly focussing on the development of bespoke skills for some members. Throughout the corporate-plannÈng period the Board has benefitted fro an extensive prooramme of strateuic and training events provided through a blend of inhouse 2nd external subje¢t exp¢rf5. The Board liave liad the opportsjnity to msx and meet with managemeiit and staff at the ar￿Ual Christmas lunch, the AGM Staff Awards and Siaff Conference events. Likewise, they have met ivith tenants and residenis while visittng schemes and attending tenant conferences and official scheme openings. Rad(u5 has two tenant board representatives, one silling on the Group Board and the second on The Radius FouRdation Board. We have indep¢ndent members on ¢aGh of the Tealstone and Radius Homes Boards. Regarding Radius and its subsidiaries Radius provides hous&ng, cai-¢ alld sUPPOrt to communities in N. Ireland and is Ikje controlling M￿llber of the Group. Radius Homes Limitcd provides property development services to assist the Association Tn delivering its social housiTEts development protsraEnm¢. The Radius FoundatÉon (Fomerly Fold Housing Trnst) is & charity recently set up to help r¢li¢ve financial hardship, unemployment and povety while promoting economic, social and environmental wellbeing within th¢ Communities we manage. Tealstone Dev¢lopments Limited prov?des investment opportunities outside of the objr¢ts of the Association which are expected to deliver a profitable relum on inveslinent, to be reimbursed to the Association. Please refer to note 18 for details of Radius Housing Association Limited investments in subsidiary undertaking5, Regarding the makeup of the Boayd, 670/0 are male and 330/0 female. Of the 12 members 500/0 are under 65 years of age. Iii recent board recruitment processes. Radius h85 takcn Steps to encourage more applications from females in iemis of how and where ive advertise for neiv board members and highlighting the flexibility for ffieinbers to engage with the org8nisalion. Board members undertake trainino awareness sessions and seminars throughout the year, covering a broad range of topics. There were inhouse workshops on.. Stress ￿stIng the business plan and budget; Compliance and Inspection. Radius risk tolerance and appetite. 20?i126 customer rent and service charge setttement. New publi¢ procureEnent re8ul81ions- Mana¢ing anti-social b¢tLaviour- UnderstandÈno Radius's latest treasury Options and associated covenants. The 2025126 major repairs Investment Plan" An overview of stock ¢ondition survey options" Al option8 for Housing. The Board held its stratetric review event in Ballymet)a which included the Annual Group Appraisal and which attended by local busine￿ partners and public representatives. Radius is very grate￿[ for the dedication and dire¢tion afforded to th¢ Association by its voluntary board members. Their willingness to make themselves available for key decision making thrnughout the pandemic ellsured continuity in services arLd projects. Their ¢xp¢nses claimed during the year amounted to £4J60 (2024 - £2.781).

Radius Housing Association Limited Strategic report of the Board of MAnagement for the year ended 31 March 202) (continued) Finance 2nd Business Performance Actiinl Performoncefor ilie yeftr Ènded 31 Marcli 2025 In its eighth year of operation, Radius achieved an Operating Surplus of L?0.5m versus £17.5m in 2023124. The increase was despite the pressure on our business through inor¢ased costs of good5, services and wage increases durino the year. The in¢rea5¢ was helped by the disposal of Russell Court which helped to offset the impact of incrEa5ed costs of ryoods, services and wage increases durin<T the year. Income increased Éo £115m from £104m with a rental income increase of £5.7m due to new stock being completed and our annual relll increase. Our repairs and maintenance cost increased from £25.3m lo £27.3m during the yeai. reflecting cost increases, additional spend on our damp remediation programme and change of ienancy cosis. Staff costs increased by £2.Sm durillg the year due to pay inueas¢s and additional posts being filled- this is before the i2npact of the Labour governments inci"eases in National IrÈsurance is ftlt in the new finan¢ial year. The value of Radius's total housing propertkes at cost ros¢ from £1.21 bn to £1.28bn. The managetnent of financial resources is critical to the Group's ability to meet its objectives. Whilst the Association has voluntary non-profit making status, the generation of 2n annual surplus is vital to ensure the ongoing investsnent in new housints stock, lo provide for longer tettn inainl¢nan¢e obligations, to meet the commitments to lenders and to oenerally ensure adequate protection acainsi unforeseen circumstances. Where Radius moved to abate some service and heating charDes in an effort to a5SiSt th¢ tnost vulnerable customers to sustakn their lenaiicies anitd the unprecedented pressures on household income, these interventions will be phased out over 3 vears. Radius rating at the commencement of the year was A l Neg. mainty reflecting the outlook for the UK economy. Towards the end of ?024, our credit ralino was re-assessed at A2 Stable by Moody's in respon5¢ to Global arAd UK financial outlooks and in light of build and maintenance costs for Radius. Key financial indicators are shown below.. 2025 ?0?4 Net SuTplll5 a5 Tr/0 of Turnover Ibelore ￿Ge￿I01￿1 iients & afford&ble solt5) Operating Cosis as 0/0 of Turnover Rent Losses as O/D of Rental income Enlerest Cover Liquidity Ratio Gearing Ratio 1?.311/0 81.80/0 83.3D/ 316/0 0.83 ?0.90 0.87 28.3/0 These r¢5uIts and the asS￿lated statistics show that despite the cost pressures, Radius remain5 in a strong f￿anCIal position. Positive Social Impact & Value for Money Achieving Value for Money (VFM) and continuous improvelnent remain key priorities for Radius. We aim to utilise our assets and resour¢es as mu¢h as possible to meet the Deeds of existing and ￿tUre tenants and residents, The business environment has remained challengitig in recent years with almost no opportunities presenting for savings through tendering and re-procurement. That said the Radius team has not let up in iheir search for greatsr VFM in the fonn of efficiencies, r¢duced waste and the accessing of fwiding end y￿￿e-added ￿rvIceS whose costs are not born by our customers, including: Maxin)ising the 'Housing for all. fund for shared communlties Shielding of customers from the full extent ofactual service and heating charge5 Reduced waste Establisbino processes for recovering charges for damage and mis-use of PToperti¢S Higher perfomiance throuoh empower¢d staff Maximisin8 our social value Positive customer and staff engagement Community saf¢ty and Tegulatory compliance.

Radius Housing Association Limited Strategic report of the Board of Management for the year ended 31 March 2025 (continued) Finance and Business Performance Acluol PÉrforhiaJtcefor iheyear ended 31 Marcli 2025 (coitli1114eil) Positive Social Impact & Value for Money (continued) In ternis of social value, we managed to Cfrow o(Jr Shared FIousing and Good Relations Plan filnding to close to £9m which will benefit our ¢oinmunitie5. Through ?024125 w¢ invested over £lm m our shared communities. Radius Homes &chiev¢d a VAT recovery of around £389k on design services in the year. Meanwhile ive shielded knants from around £1 ?m of the actual cost of services by reduced service charges. We donated £39k to Radius's Communty Chest Fund for IlJ¥ benefit of our tenants and assisfrd those most vulnerable by way of our Hardship Fund of £8 Ik. In addition to the 60?.68?kWh ofsolar energy generated frotn PV panels across our stock, Ihe Renewable Oblitsatioll C¢rtifLcates (ROC'S) contribution for the same panels reached £150,359 over the y¢ar. In 24125 VFM iniiialives worth almost £Jm improved tenant's live$ 2nd were Enade up of: Community investment activities VAT r¢covery thtougli Radius Homes Radius Community Chest Fund Radius Tenant Hardship Fund Tenant Starter Packs Annual PV panel contribution Heating & service charoes ¢osls absorbed by Radius £1,057k £ 389k £ 39k £ 51k £ 150k Total VFM for Radius Customers £2,910k Risk Managemellt Responsibility for the identification of risks is clearly defLRed and op¢rates Ihrouuh a cascading risk assessment process. Key risks facing the Group are considered by the B02rd of Management at each board and coinmittee m¢eting. Ea¢h di¥¢¢torate pdates its own risk registei every month and undertakes horizon scanning forpossible fiLthre risks. These in bjrn are elevated upwards to Radius's Corporate Risk Register. We stress-tesTrd our budget and busin¢ss plan midway through 2024125. calculatincl an LBE against a oumkr of unfdvourable variances and scenartos and found them to have an appropriate level of r¢5ilience and financial capacity lo enabl¢ us lo continue delivering on our ObJ￿t5. Uncertainty around the Nl Assetnbly's budget for new social housing development meant we had to plan for ll potential shortfall in development allowances. Howev¢r, reallocations of fvndinty in the la51 business quarter through local govgrnlnent monitoring rounds enabled us to minimise the deficit. We revisited our risk appetire and tolerance and updated our risk app¢tite framework to guide the board, committees and management in theu- decision making. Radius's Board governance arrangements were reviewed by our internal auditors RSM durinu 20?4ll5 and found lo be robust and reflecting many aspects of best-practice. Iiising costs over several years have been impacting on our cusromers and bustness partners. Higher living costs &nd interest rate5 are threatening the susrainability of t¢nan¢ies and are pushing more families into poverty. The need for us lo deliver VFM for all our customers remaitts a priority. Contra¢tOTS are experiencing the same issues along with a general s¢arcity of skilled labDur. The5¢ risks are impacting on development and maintenance costs which in reducing Radius's operating surplus. On the care sid¢ of OUT business, the rÉse in the c05t of labour in recent years bas outstripped th¢ it]Greases in th¢ regional care rate and supporting people. leading to a deficit across our directly managed housinct.with-care schemes. We ¢onttsiue to lobby through our federation, NIFHA and the Independent Health Care Providers (IHCP) for an economic level of fvnding mor¢ r¢presentative of the knje cost of care. In summary some of the major factors likely to impact on Radius, our customers and the NI Social Flousing Sector in the year ahead in¢lude.' Continued reductLons in NE Assembly Capital funding for new social homes. Lack of NI wat￿ infraslructure rapacity 5¢v¢rely impa¢tints on development prospects. Construction, maintenance and bought-in service cost5 outstripping revenue fimding and rents. Care and supported housing funding falling behind true cost of running same services, Cyber and data security attacks. New fire-safety, damp remediation and sustainability building standards. Availability of land in areas of demand Geo-political effects of war on asylum seekers. commodities and food costs. Growtng population of older p¢opl¢ with complex needs.

Radius Housing Association Limited Strategic report of the Board of Management for the year ended 31 Mareh 2025 (continued) Finance and Business Performance Expecled Perforn￿￿tef0r ilieyecir ended31 Marcli 2026 Radius has plans to grow its tymover, excluding property sales, to £118m while aimtng for an opertÈting Surplus of betweeTh £?Om and £?4m by the end of 20251?6. We expect to increase our VFM initiative5 for customer5 10 £)m. Thi5 while raising our investment in existing properties, befor¢ capilalisation to £35m. W¢ are forecasting a development proJts amme on site of betw¢¢n 500 - 600 homes provided we reeeive fvnding for our projected programme of 300 new-starts. We continue lo work iyith our tenants, patffiers and staff to ensure all Services are at opiim&l perfonnance levels. We hav¢ iniliated our 3-y¢ar Oplimisatiorl and Improvement Plan aimed al raising Radius, operating sufplus through enhanced cost controls, reduced wastaoe and ¢XEra Teyenue raising measures. At ihe same time, we will continue with QLir community investment initiative5, building resilience within our shared neighbourhoods. Our staff are helping to sustain lenancies ivhile supporting tenants into work atEd education. We will publish our fourth Environm¢ntal Social and Governaoce Report ro the Sustainability Reporting Standards as well as refreshing our 5 Year ESG Strategy- the Radilts Sustainability Way. We Temain Committed to operating at all limes with good governance, social ￿spOnsIblE1ty and transparen¢y. In 2024/25 we adopl¢d r￿o￿T￿endatiOnS from Radius's int¢rnal audiior5 aimed at enhancing governance systems and board effectiveness. We are a learning organisation, keen to listen lo our customers and adopt'best-in-class" procedures, praclices and systems. Ai the heart of our organisation ar¢ dedicated and professional staff who througli theiT hard work. dedifjation and creativity will enable our customers and communities to thrive. By order of the B Jmc 26 ean OBE ne 2025

Radius Housing Association Limited Report of the Board of Management for the year ended 31 March 2025 The Board of Manauement present theii report and the audited fjnancial slalements for the year ended 31 Match ?0?5 of Radius Housino Association Limited {the "Associalkon") and irs subsidiaries {the"Group"). Board of Management The Board of Manaoement is a voluntary Con)miltee wlio have responsibilily for the strategic direction. general policy and management of the Group. The day-to-day management of operations ts delegated to th¢ Group Chief Ex¢¢uiiv¢ and the Senior Manag¢m¢nt Team. Actual Performanee in the year ended 31 March 2025 and expected performance in the year ended 31 LMar¢h 2026 The Sections on business and financial perforniance in the year ended 31 March 2025 are covered tn pages 7 w 8 of this report. The expectsd performance in the year ended 31 March 20?) is covered on page 9. Treasury The Group's treasury manag¢ment policy facilitates the effective management of cash flows, borrowinos, investments and the 175ks associated iviih these activitie5. At J l March 2025, the Association had loans outstanding of £266 rnillion (2024- £226 million). AveF&ge net debt per unit was £19,158 ai 31 March 20?5 which ivas up from £15.754 at 31 March ?024. The Group was hilly compliant with loan covenants diiring the year. The Association'5 intrrest cover ratio for the year of 3160/0 (2024 - 2550/0) aud thr g¢aring r&tio as at 31 Marth 2025 of ?0.9¥/o (2024 - 28.30/0) Comfortably ¢xce¢ded the Association's primary lenders, Tequirement5. Responsibility for the management of Ill￿test rale risk and liquidity risk is deleoated to the Association Finance Committee. Tbe Association finances its operntions through a combination of borrowing and ihe reinvestment of retained resa'ves. The amount of borrowiELg5 and its terms are review¢d and determined by the Finance Committee. Interest rate risk Exposure to fluctuating iiiterest r8tes is limited given the majority of the Association's loans are r￿ed ra*. Th¢ Association's effective interest rate in 2025 was 3.830/0 (2024.. 3.90/0). Liquidity risk The Group has sufficient lono.tenn loan financing available lo achieve business objectives and to facilitate planned growth. The Association had available loan facilities a8reed with banks but undrawn of £83m at 31 MarcFL 2025 (2024- £42m). Currency risk The Association and Group does not engage in foreign cutTency transaGtions and so is not exposed to exchange risk, Charitable donations Donations and sponsorships totalling £5),644 (2024.. £J9,09?) were made by the Group during the year. No donations for polittcal purposes were mad¢ during tlie year (2024.. £nil). Statement of the responsibilities of the member5 of the Board of Manag¢ment The Co-operative and Community B¢nefit Societies Act and registered Housing Association legislation require the n]embers of the Board of MatLagement to prepare financial statements for ca¢h financial year which give a true and fair view of the slate of the As50cialion and Group's affairs and of its surplus or deficit for that period. In preparing th¢5¢ Statements the Board is required to: Select sullable accounting policies and apply them consistently Make judgements and estimates that are reason&ble and prudent State whether applicable accounting standards have beeTr folloived, subject to any material departures disclos¢d and explained in the financial statements. and Prepare the fmancial statements on the going con¢em basi5 unle55 It is inappropriate to presume that the As50¢iation and Group will coThtinue to op¢rat¢.

Radius Housing Association Limited li Report of the Board of Management for the year ended 31 March 2025 (continued) Statement of the responsibilities of the members of the Board of Management(¢ontinued) The members of the Board of Manaoemenl are responsible for keeping propeT accounting re(ords which disclose with reasonable accuracy at any titne Ilie f￿ancIal position OE the Association and Group and enable them to ensure thai the fLnanci21 slalemenls comply wilh the Co-operativ¢ and Communty Benefjt Socielies A¢r (Northern Ireland) 1969 and the Registered Housing Ass00iations (Accounting Requirements) OrdeT (Northern Ireland) 1993. They have gen¢ral responsibility foT the tsking of reasonable steps to s&feguard the assets of the Association and lo prevent and detect fraud and other irregularities. The directors are responsible for the maintenance and in*grity of the corporaLe and financial information included on the company's website. Legislation in the Unit¢d Kingdom 8ov¢rnints the preparation and dissemination of fEnancial statements and oih¢r infonnation incl]2ded in the Directors report may differ from legislation in otheriurisdictions. Statement of disclosure of inforniation to audito So far as each of the members of the Board of Managem¢nt at the date of approval of these financial 5takmenLs 15 Lware.. There is no relevant audit iTrforniation of which the Association and Group's auditors are unaware- and They have taken all the steps that they ouJt io have taken as members of the Board of Management in order to make themselve5 aware of any relevant audil infonnation and lo e&tablisb that the Association and Group's auditors are aware of that information. Internal control The Board of Management has overall responsibility for th¢ Association and Group's intemal control systems and for reviewing the ¢ffecliveness of these. Such systems can only provtde the Board of Management with reasonable (and not absolute) assurance against material misstatement or1055 as they are de5itsned to manage the risk of failure to achieve bustiiess objectives rather than eliminate the risk completely. Audit The Board of Management has established an Audit Committee with cleaTly deftned Eenns of reference. The main fvn¢tions of the Audit Committee are to control and review the eytemal and internal audit functions, the internal control systems and monitor thc perfonnance of the Association against the key bt2siness indicators. The A5sociation'5 intemal auditors report directty tc¥ the Audit CommÉttee on completion of each systems review and an annual guinmary report IS PTodyced by the internal audttors summarising lh¢ systems audit programrne each year. The work of the external auditors also provides some assurance through the y¢ar-end audit and the provision of a report to those charged with governance. Board of Management, Shareholders and Officers The Enembers of the Board of Management and Ihe offi¢¢rs of the Assoctation are listed on page 2. Each member of the Board of Management other than member5 CO-opt¢d during the year holds one fully paid share of £1 ID the Association. Radius's volufttary board member5 continue lo give very generously of their time. They sUPPOrted Radius throughout ihe year t￿oUgh.. attendance ai board artd committee meetings and the review of papers" attending special board meetings, strategy workshops- in lender ¢valuations- in meetings with regulators and business partners- training events, seminars and onferences- involvement in board and senior management recruitment exercises and by attending the annual strategic workshop. Independent auditors The auditors, Grani Thornton (ND LLP, have indicated tlieir willingness to continue in otfi¢4 and a resolution proposing their reappointment witl be proposed al the Annual Genetal Meeting. By order of the B08rd MPitt Chair of the Board Of Management 26 June 2025

Radius Hoiising Association Limited 12 Independent auditor5, report to the members of Radius Housing Association Limited Report on the audit of the financial statements Opinion We have &udiled th¢ fiftancial statements of Radius Housing Association Limited (the "Assoctatton") and 11$ subsidiaries (to8¢th¢r th¢ "Group") for th¢ year ended 31 March 2￿5. which cornprise the Consolidated aTLd Association's 51alemerLt of eomprehensive income, the Consolidated and Association's statement of changes in reserves. the Consolidated and Association's statement of financial position and the Consolidated statement of cash tIows, and the related notes to the fmanclal siatemenls, in¢luding a surnmary of significant accounting policie5. The financial reporting framework that has be¢n applied in the preparation of the financial siateirRents is applicable law and accounting standards issued by the Financial Reporting Council including FRS 102 "The Financial R¢portin* Standard applicable in the UK and Republic of Ireland" (United Kintsdom Gerteralty Accepted Accounting Praclice)- In our opinion, R2diu5 Housing Association Limited's f￿ancial statements.. give a true and fair view in accordance with United Kinrydom Generally Accepted Accountin8 Practice of the state of affairs of the Group and ihe A5sociaiion as at 31 March 2025 of the assets, liabilities and fmancial position of the Group and Association's income and expenditure aftd tlie Group's cash flows for the yrar then ended. aiid have been propeily ptepated in arcordance with the requirement5 of Co-op¢rativ¢ and CoFnmunity BeneFIl Societies A¢t (Northem Ireland) 1969, the Housino (Northern Ireland) Order 1992. Reoislered Housino Associations (Accounting Requirements) Order (Northern Ireland) 1993 and the Charities Act (Northern Ireland) 2008. Basis for oplnlon We conducled our audtt in accordance with International Standard5 on Auditing (UK) ('ISA5 {UK)') alld applicable laii. OUT respon5ibililies under those standards are fjjther d¢s¢ribed in the 'Responsibiliti¢s of the auditor for the audit of t]ie fU￿ncial statements"" section of our report. We are independent of the Group and Association in accordance with the ethical requir¢m¢nts that are rel¢vant to our audit of the financial staletnents in the United Kingdom, including the FRC'S Ethical Standard and the ethical pronouncements established by Chartered Accountants Ireland, applied as determ￿ed lo be oppropriate in the circumslallces for the entity. W¢ hav¢ fijlfilled our other ethical ie5poDsibililies in acrordanr¢ with thes requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusiolls relating to going concern In &uditing the financÉal statements, we have concluded that the Board of Managements, use of going cortcern basis of accounting in the preparation of the fmancial statements is appropriate. Based on the work we have perfornied, we have not ideniified any material uncertainties relatin8 to events OT condtiions thal individually or collectively, may cast Si8nifEcant doubt on the Group Bnd Association's ability to Continue as a going conceni for a period of at least twelve months from the dale when the fjnancial statements are authorised for tssue. Qur re5ponsibi]itie3 aTrd the responsibilities of the Board of Management with respect to going concem ar¢ described in the relevant sections of this report. Other Informatlon Other infornution comprises inforniation included in tlie annual report. other than the financial statemeiits and our auditor's repoit thereon, including the Strategic Report of the Board of Management, and the Report of the Board of Management. The Board of Managem¢nt are responsibl¢ for the other infomiation. Our opinion on the financial statements dues nol cover the other infomiation attd. except to the extent otherwise explicilly stat¢d in our report we do not express any form otassurance conrlusion thereon. In connection with our audit of the f]nancial statements, our responsibility is to read the other inf4)nDation and, in doing so, onsider whether the other information is materially inconsistent with the financial statements or our knowledge obtain¢d in the audit, or otherwise appears ro be materially misstated. If we identify such material inconsistencies in the financial statements, we are requittd to detemiine whether there is a matorial misstatement in the financial statements or a material misstatement of tbe other infonnation. If, based the work we havc perfonn¢d, we ¢on¢lude that there is a material misstatement of this other information, we are required to report tI￿t fact. We have nothing to report in this regard.

Radius Housing Association Limited 13 Independent auditors, report to the members of Radius Housing Association Limited (continued) Report on the audit of the financial statements (continued) Matters on which we are required to report by exception Under the Co-operdtive and Community Benefit Societies Act (Northern Ireland}1969 we are required to report to you if, i our opinion: the Associaiion have not kept proper books of account- or the Association have not maintained a 5atisfa¢tory system of control over transactions. or the financial statemeL)Is are not in agreement with die Association's books of account. or we have not received all the information and explanations ive require for our audit. We have nothing to report in this regard. Under the Charities Aet (Northern Ereland) 2008 and Reoulaiion 9 tsf the Charities (Accounts and Reports) Reuulations (Northem Ireland} 2015. we are required to report to you if, in our opinion: sufficieni atcounting reeor¢l% have not been kepL the financial State￿entS are not in agteement with the accounting records; or we have not received all the inforniation and explanations we requiTe foi our audit. or the information given kn the Report of the Board of Management attd th¢ Str3l¢gi¢ RGport is inconsistent in any tnaterial respect. We have nothing to I￿Ort in thi5 regard. Responsibilities of management and those charged with governance for the financial statements As explained more flllly in the Boaid of Managements, responsibilkli¢s statemenl rnanagemen¢ is responsible for the preparation of the finallcial statements which give a rrue and fair view in accordance with United Kingdom Genetally Accepted Accounting Practice, including FRS E02, and foT such internal control as directors detern)ine n¢¢essary to enable the preparation of fmancial statements are free from material misstatemenL whether due to fraud (>T error. In preparing the fIL￿CIal statements, ￿anagement is responsible for assessing the Group andAsso¢idtion's ability to continue as a going Concern, disclosinD as applicable. matters related to tsojntr concern and usints the gointr conceni basis of accounting unless tnanagement either intends lo liquidate the Group and Association orto rease operations, or has no realA5tiG alternative but 10 do so. Those chari>ed wilh governan¢e are responsible for overseeinry the Group and Association's financial reporting process. Responsibilities of the Audltor for the audit of the finaAcial statements The objectives of an auditor are to obtain reasonable &ssurance about whether the financial statements a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes their OPiAiOn. Reasonable assurance is a hish level of assurance. but is not a guarantee that an audit conducted in accordance witli ISA5 (UK) wÈll alway5 detecta material rnisstatemenl whEn it exists. Misstatements Can aris¢ from fraud or etTor and are considered material If, indÉvÉdually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on Ihe basis of these financial statements. A further description of an auditor's responsibilities lor the audit of the fin8n¢ial statements ts localed on Ihe Financial Reporting Council's website aL' www.fr¢.org.ukJauditorsi'¢sponsibilities. This de3cTiPtion fonns port of OLtr audttor's report. Erplaiiatloii as to Ivliat ￿101¢ the audit wos considered capable ofdeleclliig Irregttlffrllies, iiicliidlngfraiid Irregularities, including frau¢ are instances of non-compltanc¢ with laws and regulations. We d¢sioJ procedures in line with our responsibilities, Outlined above, to detect material misstatements in respect of irregularities, including fraud. Owing lo the inherent limitations of an audit. there is an unavoidable risk that mat¢rial misstatement in the F￿ancial statements may not be detected, even tèLough the audit is properly plannd and perfornied in accordance with the ISAS (UK). The ¢xtent to which our procedures are capable of detecting irregularities, ll)cluding fraud is detailed below.

Radius Housing Association Limited 14 Independent auditors, report to the members ol Radius Housing Assoeiation Lxmited (continued) Report on the audit of the financial statements (continued) Explanation as to what extent the audit was collsidered elpgble of deteetlng irregulArlties, including fraud (Continued) Based on our understandin¥ of the Group and Association. we identtfied Ihat th¢ prtn¢ipal risks of non-complian¢e with laws and revulations related lo Coinpliance with Dats Privacy law, Employin¢nt Law, Eni iTonmental Regulation4 Pensions Leoi51ation. Health & Sofety, and we Considered the e.%tent to which non-complian¢e might have a material effe¢t on the financial statements. We also Considered those laws aid regulations that have 2 direct impact on th¢ preparation of the fittancial statements. The Audit engagement parfner considered the experience and expertl5e of the entragemelll learn to ensure that the team had appropriate competence and capabilitie5 to id¢nlify or r¢coonis¢ non-compliance with the laws and refyulalion. We evaluated manaLfem¢nt's in¢¢ntives and opportuniiies for fraudulent manipulation of th¢ financial statements (in¢luding the risk of oveiTide of controls). and detern]in¢d that the principal risks were related ro posting inappropriate joui'nal entries to manipulate financial perfomance and management bias throuoh jud4Tements and assumptions in 5igr£ifican¢ ac¢ountincY e5timate5, in particular in relatlon to sittnifi¢ant one-off oi. unusual trall5actions. ResponsibilitTres of the guditor for tlie audit of the financial Statements We apply profes5ioRal 5ceptifi5m Ihrouoh the audit to consider pot¢ntial deliberate omission or concealment of significani tran5action5, 02. incomplete/ina¢¢urale di5cIosuT¢S in the fEnancial siateinettt. In response to these principal rlsks, our audit procedures included but were n(rt limited to.. enquirie5 Of management board on the pvlicies and procedures in place r¢gaiding compliance with laws and regulations. includino consideration of known or suspected instances of non-complian¢e aud whether they have knmvledge of any actual. suspected or all¢g¢d fraud- inspection of the Group and the Associatkon's retyulatory and legal correspondence and review of Tniaules of board meetings during the year ro Corroborate inquiri¢s made. oaining an understanding of the internal controls establish¢d 10 mitigate risk related to fraud. discussion amontsst th¢ engagement teatn in relation to the identtfied laws and reuulètiotLS and r¢oardin4F the risk of fraud, aod remaining alert lo any indications of non-compliance or opportuuities for fraudulent manipul2tioTr of financial stat¢ments throutsliout the audit. identifyintt and testin¢y tr journal entries to address the risk of inappropriate journals 2nd managem¢lll overrid¢ of cootrols- desioninu audit procedures to incoFporate unpredictability around the nature, timing or extent of our i¢sling- hallenging assumptions rthd judoements made by management in their significant accoullling estimates, including usefyl economi¢ life of hou5in(y and tion-liousing properties, and defined benefit assumptiuns. and review of the financial statement dis¢losur¢s to underlying supporting documentation and inquiriei of managemenL The prunary responslbility for the prevention and detection of irregularitffies includino fraud rests wtth those charged with governance and management. As with any audit. there remains a risK- of non-deteclion or iffegularilies, as these may involve cDIIusioA, forgery. intentional omissions, misTepresentations or Ove￿ide of intern&1 controls. Tb¢ purpos¢ of oui. audit work and to whom we owe our responslbilltles Our report is made solely to the Association in accordance iyith section 43 of the Covoperative and Community Benefit SDcieti¢s A¢t (Northeni Ireland) 1969, section 65 of the Charities Act (Northern Ir¢land) 2008, regulatioThs made under section 66 of tliat Act (Part 4 of the Charities (Accounrs and Reports) Regulations (Northern trnland) 20 E5 and article 19 of The Housing (Northem Ire18nd) Order 1992. Our audit work has been undertaken so that we might state to the Asso¢iatÉon those matters we are requir¢d lo state to them in an auditor's report and for no other piwpose. To the fullest extent pennitted by law, we do not accept or assume ￿SpOnSibl11ty to anyone other tlian the Association as a body. for our audit work, for this repoit, or for the opinions we have fomi¢d. Louise Kelly FCA(SenioT Statutory Auditor) For and on behalf of Crant Thornton (Nl) LLP Chartered Aetountanls & Ststufory Auditors Belfast Northern Ireland DATE..

Radius Housing Association Limited 15 Consolidated statement of comprehensive income for the year ended 31 Mareh 2025 2025 2024 Note Turnover Operating costs 115,522,994 104,460,255 {94,Si2,519) (86,966.611) Oper8ting surplus Transfer to Disposal Proceeds Fund Transfer (toyfrom Tenattt Services Fund Interest receivable and similar income Interest payable and Similar Qharoes Net pension income 20.970,475 17,493,644 (22,916) (361,504) (58,508) 342 ?39 568,666 765,697 (10,888,816) (9,582,244) 3,622,794 ),019.743 10 12 13 Surplus before tai for the flnancial year Taxation 14,191,695 11.677.575 14 Surplu5 for the finan¢ial year 14,191,695 11,677,575 Other comprebensive income/(exp¢nse): Fair value o3in on fmancial instruments Pension scheme deficti reduction payments Actuarial loss in respect of pension schemes 23.596 (I,337,1)00) (1,319,(1001 (3.624,000) (3,021,1)001 Total other compreheDsÉvc expenses (4,937,404) {4,306,058) Total eomprehensive income for the ye&r 9,254,291 7,371,517 The notes on pats¢s 20 to 44 at¢ au int¢gral part of these consolidated financial statetnents. All amounts abov¢ relate lo continuino operations of the Group. Consolidated statement of changes in reserves for the year ended 31 March 2025 202S 2024 Note sU￿1￿s for the finan¢ial year Fair value gain on f￿ancIal instruments Pension scbeme deficit ttduction payments Actrjarial loss recotrnised in pension scheme 155ue of shate capital 14,191.695 l 1,677,575 23,596 33,942 {1 J37,000) {1,319.000) {3,62I000) (3,021,000) 36 28 Net addition to Capital and reseryes Opening tolal capital and reserves 9,254,291 7,371,520 169,998,481 162,626,961 Closing total capital and r¢serYes 179,252,772 169,998,481

Radiiis Housing Association Limited 16 Association statement of comprehensive income for the year ended 31 March 2025 2025 20?4 Note Turnover Oper8tlng costs 115,363,180 104,3)8,035 (94,890,168) {86.864,694) Operating surplus Transfer to Disposal Proceeds Fund Traosfer from Tenant Services FL>nd Interest r¢¢eivable and similar income Interesr payable and similar charges Net pension income 20,473.012 17,493,361 (22,916) (361,504) (?8,508) 342,239 568,665 1,192,693 (10,888,816) (9,58? 244) 3,622,794 3,019,74) io 12 13 Surplus befor¢ tax for the financial year Taxation 13,694,231 12,104,288 14 Surplus for the fiDaneial year 13,694,231 12,104,288 Other comprehenstve incomel(expens¢): Fair value gain on f￿anCial instruments Pension scheme d¢ficiÉ reduction payments Actuarial10ss in respect of pension scheme5 23,)96 3),942 (1,337,000) ( I,J19,000) (3,624,000) (3,0?1,000) 36 Total other comprehensive &Ypen5es {4,937,404) {4o06,058) Total comprehensiv¢ income for the yeAr &756,827 7,798,?30 The notes on pages ?0 to 44 are an integral part of these consolidated financial.statements. All aEnounts above relate to continuints operations of the Associatioll. Association statement of changes in reserves for the year ended 31 March 2025 2025 2024 Note Surplus for the f￿ancial year Fair value gain on fman¢ial instruments Pensiort scheme defieit reduction paytnents A¢￿trIal loss re¢oonised tn pension schem¢ Issue of share eapitsl 13,694,231 12,lQ4,288 23,596 33,942 (I J37,000) (1,319,OOD) (3,624,000) (3,021,000) 36 28 Net addition to capital and reserves Transfer legacy reserve to The Radius Foundation Opening total ¢apital and reserves 8,756,827 (785,iMIO) 169,968,099 162,169,866 7,798233 Closing totsl capital &nd res¢rYe5 177,939,926 169,968,099

Radius Housillg Association Limited 17 Consolidated statement of financial position as at 31 March 2025 202) 2024 Note Fixed 455ets Housing properties- depreciated cost Other tangtble fLYed assets Investments L5 1,028,020,063 972,744,431 16 13,967,393 6,834,959 17 4,930,032 4.936.943 1,046,917,688 984.516.333 Currenf assets Stock Debtors Investmeols Cash at bank atkd in hand 19 ?0 11,941,937 24.072,025 342,011 4,219,899 10,373,490 28.970,4J9 275,601 9,845,047 40,575,872 49,464,577 Creditors: amounts f#lling due within one year (49,030,939) (56,799,121) Net current liabilities (8,455,067) (7,334,544) Total assets le55 current liabilities 1,038,462,621 977.181,789 CTeditor5: amounts falling due alter more than one year (859,209,849) (807,183,308) Net assls 179,252,772 169.998,481 Capital and ￿erVeS Called up sliare capital Capital reserve Revenue reserve 26 26 277 277 179,252,469 169.998,178 Tot41 capit21 and r¢s¢rYes 179,252,772 169,998,481 The notes on pages 20 to 44 are an integral part of these consolidated finantial statements. The financial slatements on paoes 15 to 44 were approved and authorised for issue by the Board of Manaoement on 26 JutL¢ 2025 and were signed on its behalf by: MPitt Chair J,McLean OBE ompany Secretary L Campbell MBE Board MeMb¢r Rdius Housing Assoclatlou Limited Reglstered number: IP169

Radiiis Housing Association Limited 18 Association statement of financial position as at 31 March 2025 202S Note FiYed assets Housing properties - depreciated cost Other iaftgible fixed assets Investments Investments in subsidiary undertakings 15 1,0?8,020,063 972,744,431 16 13,967,593 6,834,959 17 10,617,317 10,347,538 18 250,004 ?50,U04 1,052,854,977 990,176,9J2 Current assets Stock DebtoTs Investments Cash at bank and in hand 19 20 6,240.154 5,373,934 24,33?,949 29, lJ1,675 342,011 ?75.601 2,840,024 9,?03.493 ?? 33,758.138 43,984,7Q3 Credittsrs: amounts falling due within one year 23 (49,463,340) (57,010 ?28) Net current Ilabilities (15,705,202) (13.025,525) Totsl assets less current Ilablllties 1,037,149,77i 977,li1.407 Creditors: amounts fxlling due afttr more than one year 24 1859,209,849) (807,18J,iOS) Net a53et5 177,939.926 169,968,099 Capltsl and reserves Called up shal'e capital Capital reserve Revenue reserve 26 277 277 177,939,623 169,967.796 ?9 Total capital and Tuerves 177.939,926 169,968,099 The notes on pages 20 to 44 are an integral part of these consolidated finan¢ial statements. Th¢ financial statements on pages 15 to 44 were approved and authorised for issue by the Board of ManageTnenl on 26 June 2075 and were signed on its behalf by.. MPitt Chalr ¢Lean OBE Company Secretary L Campbell MBE Board Member Radlu5 Housing Assoelation Limlted Regi$ter¢d number., IP169

Radius Housing Association Limited 19 Consolidated statement of cash flows for the year ended 31 March 2025 2025 ?0?4 Note Net cash from operating activities 30 17,262J74 16.957.330 Cash flow from inv£s(ing actlVLties Purchase and development of housing properties Housing Association Grant and other grants R¢ceipts from disposal of housing prop¢rtie5 Disposal Ilpurchase) of other asset5 and investments IDleresl received (82,865,112) (69,288,630) 27,087,083 27.723.904 3,258,866 10,387,976 6,911 (9iO,962) 509J17 720,287 Net cash used in investing aetii'lties (S2,002,935) 1)1:407,425) Cashnoiys from financing 4Ctivities Issue of share capit21 Bank loans advanced Loan principal repayments Interest paid 44,01)0,000 ?8,000,000 (3.726,3?9) (3,860,094) (11,092,018) (9,943,039} Net cash inflow from l used ill financing activities 29,181,623 L4.196.870 Net decrease ill cash and t25h oquivalents (5,558,738) (2i32?i) Cash and cash equivalents at the beginning of the year 10,120,648 10.37),873 Cash and cash equivAleuts at the end of the year 31 4,561,910 10,120,648 The notes on pLces 27 to 51 are an intesral part of these consolidated financial statetnent5.

Radius Housing Association Limited 20 Notes to the financial statements for the year ended 31 March 2025 General information The Group and Association's principal activity during the financial year was providing hÉgh quality homes for ienl throughout Northern Ireland. The group is reoi5t¢ied under the Co-operative and Comtnunity Benefit Societies Act (Northern Ireland) 1969 and is a Registered Housing Association. domictled in the UK. Th¢ addre55 of the registered otTic¢ is 3 - 7 Redbum Square, Holywood, County Down, B TI8 9HZ. Statement of Compliance Thes¢ financial slattments of Radius Housing Association Limited have been prepared on the going concern basis in Compliance with United Kingdom A£¢ounltng Standards. in¢ludEng Financial Reponing Standard 102, -'The Financial Reportintr Stsndard applicable in the United Kingdom and the Republic of Ireland" ("FRS I O?") und¢r the historical cost convention, and in aecordance with applicable accounting standards in the United Kingdom and Statement of Recommended Practice for ACco￿n¢￿Trg by Registered Social Landlords lupdated ?Ol4). The principal accciunlirjts poliri¢5, which have been appli¢d ￿nsIStenI￿Y throughout the year. are set out below. The presentation of th¢ fjnancial statemei)Is complies with the Registered Hou8ing Associations (Accounting Requirements) Order [North￿'n Ireland) 1993. The fvnctional and presentational cutrency is pound sterling (£). Summary of significant accounting policies The principak accountiE)g poli¢ie5 applied in the preparation of these financial statenients are set our below. These policies have been ¢onsistenily applied to all lh¢ yeais presented. ttnless othrrwise stated. Tlie Sicfnificant accountin(y policies adopted b) th¢ GTOUP and the Association air as folloivs: Basis of preparation of fingncial statements These consolid81ed and separ&te financial statements are pirpared on a going concern bJ5is, under the historical cost conv¢iilion. Th¢ preparation of financial 5tatemenis requires the use of certain critical accounting estimates. li also requires management to exereise its judoement in Ihe process of applying the Group and Association accounting policies. The are8S tnvolving a hkgher degr¢¢ ofjudgement or complexity. or areas where assumptions and cslimates are signifi¢antto the fman¢ial staternents, are disclosed in note 4. Basis of Consolidation The Congolidated Statement of Compi'ehensive Inoome and Consolidated Stsiement ofFinancial Position include the financial stateEneRts of the Group and its subsidiary undenakings made up to 31 March 20?5. Intrd Group transactions, any unrealised profitsllosses arising and in(¢r¢ompany balances are eliminated fully on consolidation. Coing concern The fman¢ial slat¢ments have been prepared on a IToÉng concern basis which the Board considers to be appropriat¢ for IILe following reasons: (i) The Group and A￿OcIatIon prepared a 5 Year Corporate Plan in 2022 and the Busines5 Platt is updated and approved on an annual basis. The most recent plan iv85 approved at our March 2025 Board Meeting. This plan includes departmental budgets for the coming financial year and updates our 5 year strategic goa15. Progress towards these goals is monitored on a monthly and quarterly basis through our Corpornte Scorecard and updates provided to Committees and Board at least quatterly and regularly to other interested stakeholders. (li) The Board is satisfied with tlie 2025126 Budtsets for th¢ GTOUP and Association and the long tenn plans and is of the opinion that despite the bleak economic outlook, the Group and Association ha5 adequate resources to continue in business for the foreseeable future. The Board note the net current liability Posltion on the Group and Association Statement of Financial Position. (iii) We have prepar￿ fmancial projections to the end of 2061 which indÈcate that the Group and Association will continue to be profitable for this entire period. This gives our Board sufficient comfort that we have sufficienÉ resources to discharge all liabilities in the ordinary course of business as they fall due for payment and that we have adequate liquid resources available.

Radius Housing Assoeiation Limited 21 Notes to the financial statements for the year ended 31 March 2025 Summary of significant accounting policies (continued) Going eontern (continued) (iv) The projections allow for the current delays in handovers and the increased cost of bouowing. They also take into a¢¢oiint our current planned maintenance program and in¢reas¢d cost of day-to-day repairs and ener.ry. In &ddition. Ive have stress tested Ihe model to ensure it can withstand a number of adveTse scenarios such as higher interest lates and increased void property. The Board believes we have sufficient Sjnding in place wid expect the Group and AssoGialion to be in cornplian¢¢ with ils debt ¢ov¢tkants even in sev¢r¢ downside scenaiios. We renewed our short terni facilities in March 2024 for four years which gives us fi￿her comfon for the mediurn temi. (v) The Board 2cknow'ledctes that for the continuing delivery of its development programme, the Association is dependent on grani funitÉng from the Department for Communities and bank finattce. The Board tiTrerefore believe5 there is a reasonable eypeclation that the Group and Associalioii has adequate resources to continue itl op¢r3tional existence for the foreseeable ￿tt)re and therefore continue to adopt the going con¢em basis in preparing the ffftancial statements. Forelgn currencies Trans2Ctions and non-mon¢tary assets, denominated in foretgn currencies, are translated at the exchange rate al the date of the transaction. Monetary assets and liabilities denominated in foieion ¢urren¢ies ar¢ retranslated ai ihe rate of exchange rul&ng at the stat¢tnenl of financial position date or the exchange rate of a related forei(yn exch2noe contracr where relevant. The resultin exchange gains or losses are dealt with in Ihe income and expenditure account. Revenue recognition Revenue 15 measured al the fair value of Ihe consideration received OT receivable and represents rhe amount receivable for ooods supplied or services rendered, nel of returns. discounis and rebates allolved by the Group and AsSOCiatioii and ¥aliLe added taxes. The Groiip and Association bases its esttmate of retun)s on historical results, taking into consid¢r4lion the type of custOEner, the oFtransaction and the specifics of each arrdnoement. Where the consideration receivkble in cash and cash equivalents is def¢rred and the atrang¢ment constitutes a fiijancinLr tran5a¢iion, the fair value of Éhe consideration is measured &t the present value of all future Teceipts using the imputed rate ot interest. The Group and Association recognises revenue when (a) the sitsnificant risks a¥Jd rewards of ownership have been transferred to the buyer; (b) the Group and Association retains no continuing involvement or control ovei. Ihe ooods. (c) Ibe amount of revenue ¢an be measured reliably,. (d) it is probable that future economic benefits will flow through the Group &nd Association and (e) when the specific criteria relatino to ￿ch of the Group and Associatkon's sales channels have been met, as described below and in llote i. (i) Net reijtal income In¢oEne includes rent and service charge inoome arising from the provision of hollsintr accommodation and the amortisalion of Housing AssocialÉon Grant. Income is reco8nised in the period to which it relates. (li) Oth¢r ineome All otl)er income is recognised in the Statement of comprehensive income when the ternis of revenue rrfognition have been met. Employee ben¢fits The Group provides a range of benefits to employees, including paid holiday arrangements and defined contribution pension plans. (i) Short term benetlts Short lenn benefits, includints holiday pay and other similar non-monetary benefits, are ￿¢08Th1zed a5 an expeiise in the period in which the service is received.

Radius Housing Association Limited Notes to the financial statements for the year ended 31 March 2025 Summary of significant accounting policies (continued) Emplovee beuefits (tontlnued) (li) Multi-employer pension plan Retirement benefits to efftployees of lh¢ A5sociaiion are provided by the Northern Ireland Lo¢al Govetminent Officers Superannuation Committee (NILGOSC) defined benefit scheme which is externally funded. The assets of the NILGOSC sch¢me are held Separately from those of the Association. The A5so¢ialion has adopted FRS 102 section 28 'Employee benefits, in these fjnancial statem¢nts. Pension scheme assets are measured usino matk'etvalue. Pension scheme liabilities ar¢ measured using the projected unit method and discounted al the ¢urr¢nt rale of return on a high quality ¢oTrorate bond of equivalent term to the liability. Thc increase iii th¢ present value of the li2bilities of the A5socialion's defmed ben¢fit pension scheme arising from employee service in the year is chartsed to operatino surplus. The tLel interest cost is calculated by applvino the discount rate to tlie net balance of the defined benefit oblivation and the fair value of Ihe pLan assets. This cost is recoo¥nised in the staiemet2t of ¢oinpr¢h¢nsiv¢ incoine as 'Fii)an¢e expense,. Actuarial gains and losses are recognised in the statement of ¢ompreheiisive income. The contributiolls are detemlined by qualified actuaries on the basis of quinquennial vajuations, ustng a projected unit method. All new employees joining Radiu5 from l April ?013 are not eli¢Fible to join the NILGOSC scheme. Instead, they join the Social Housing Pension Schem¢ Defmed Contribution (SHPS DC). SHPS DC is a defined contribution workplace pension scheme administered by The Pensions Trust and is the pension v¢hicle provided by Radius Ltnder a￿t￿enrO1￿ent leryislalion. Each employee hold5 a s¢parale pension pEan wilh The Pensions Trust t() which Radius contributes 6P/o of pensionable pay with the employee cor£tributinr¥ a minitnum of 40/4. The employee is r¢5ponsible for any investment decisions from the variou5 investment options provided by The Pensions Trust. Th¢ Associatiork's liability is limited to the above employer contribution. Tangible fixed assets Housing prop¢rti¢s The Group operates a full component accounting policy relatton to Ibe capitalisation and depreciation of its completed housing stock. Housing pmperties are slated at ¢ost including an appropriation of on costs and net of initial sal¢s proceeds from pwt owners in respect of leasehold schemes and are reviewed annually by the Board for impairmcnt. Other fixed assets Othei. fixed assets ar¢ stated at cost less accumutated depreciation and are reviewed annually by the Board for impairnient. Schemes under construction Schemes under constNction are carried at cost and are not depreciated until brought into Use. Capitalisxtlon of development eosts Development costs are capitali5¢d where they are directly attributable to bringing the properties into working condition for their intended use. Such costs include the labour costs of Association employees arising directly from the acquisition or development of the property and incremental Costs that would only liave been avoided if the property concerned had not been acquired or constructed. Houslng Asso¢i8tion Grant and other granls Housing Association Grant and other grants received a5 a ¢OQtribution toward5 Ihe capital costs of housing properties of the Association are shown 85 "Creditors- amounts falling due after more than one year, and are atnortised lo lh¢ Statement of comprehensive income as per the turnover policy. Housing Association Grant received against revenue expenditure is credited to revenue in the period in which the related expendibjre is charged. Such grants, although Èreated as a grant for a¢counling purposes, may be repayable under ¢ertaTn circumstances, prinarily following the sale of housing property, but any amount repayable would be restricted to tlke net proceeds of the sale.

Radius Hoiising Association Limited 23 Notes to the financial statements for the year ended 31 March 2025 Summary of si￿nifICant accounting policies (coutinued) D¢pre¢iatioD alld Impairment- Housing Properties Housin8 properties are split betsveen land, srru¢ttire and major components which require periodie replacemeni. Replacemeni or re￿rbI5￿Ment of such major components is capltalised and depreciated over the eslimal¢d use￿1 life which has been ser taking into a¢¢ounl professional guidance and the Group's asset management strategy. In delenninino the remaining usefijl lives for the bousincr stocL the Group has taken account of views Provid￿ by both internal and exiernal professional Sources. Freehold laud 15 not subjecl to deprecialioti. Depre¢iation is charged so as to write down the cost or valuation of the freehold housing properties and tnajor component5 on a straigh¢-line basis over their expected use economic lives. Houstng assets are subject 10 a full year'5 depreciation in the year of acquisition or completion. Major components are treated as separable assets and depreciated over their expected usefvl eeoThomic lives or the lives of the structure to whicE] they relate, if shorter, at the following annual ranges.. Main fabric Roof strUC￿re and coverings Window5 and external doors Heatino system boil¢rs Kitchens Bathrooms Mechanical systems (heatintr ventilation, plumbing) Electrics Lift Office buildintrs 100 years 60 years 30 years 15 years 20 years 2) years l O years 30 years 20 years 60 year5 Depreciation- Long leasehold O￿lee property The Association's policy is lo depreci&te the eost over the reEnaining useful economic life of the prop¢ty. The useful economÉc life of the asset has been estimated at 60 year5. Depr¢ci4¢ion- Other fixed assets Depreciation of other r￿ed assets is charged on a slraighÈ-line basis DveF the estimated useful economic lives ofihe assets at the following annual rates.. Office and computer equipmenl Motor vehicles 250A per annum ?IY/o per annum Subsequent gdditlons and major components Tlke ¢o5ts of 3ubs¢quent additions or major component replaeements are included in the assets carrying amount oi. recounised as 8 separate assel as appropriat¢, only when it is probable that econotnic b¢n¢fIts associated with the itern will continue to tlow lo the Group and the cost can be measured reliably. The canying amount of any replaced component is derecognised. Repairs, maintenance and minor inspection costs are expensed as IncU￿ed. Derecognition Tangible assets are derecogllised on di5P05al or when no ￿lUTe economic benefits ue expected. On disposal the differenc¢ between the net disposal proceeds and the carying amount is reCo￿LS¢d in th¢ Statement of comprehensive iticome, Leased a55ets Al inception the Group assesses agreements that transfer the rioht Eo use agsets. The assessment considets whether the arrang¢m¢nt 15, or Contains, a lease based on the substance of the arrmgement.

Radius Housing Association Limited Notes to the financi21 statements for the year ended 31 March 2025 Summary of sitsnificant accounting policies (Continued) Stock Stocks are stated at ihe lower of cost and net realisable value, being the estimated selling price less costs to compl¢te alld sell. Cost is based on the cost of purchase or construction. At ea¢h reporting dal4 stocks are assessed for impairment, If stock is impaired, the cairying amount is reduced lo ils selling price less cosis to ¢omplete and sell, The impairment loss is recognised immediately in the Statement of Comprehensive Income. OperatAng leased assets Leases that do not transfer all the risks and rewards of ownership classified as operating leases. Payments under operating leases are cliarged to the Statement of comprehenstve income on a strai8ht-line basis over the period of th¢ lease. Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-tertn highly liquid ii)veslinents with original maturities of one month or less and bank overdrdfts. Bank overdrafts aye shown within bo￿O￿1n{l$ in currenr liabilili¢5. Current 955et investments Current asset investments ￿'c investments in short-temi deposits with an original maturity betw¢¢n one and twelve mondis. Ai each statement of financial position date non-financial assets not ¢aTried at fair value are asse5s¢d lo det¢nnine whether there i5 an indication that the ass¢t (or asset'3 ¢ash generdling unit) may be impaired. If there is such an indication the recoverable amount of the asset (or asset's cash (yenerdting urtit) is compared to the carrying amount of the asset (or asset's ash trenei'aling unit). The i'ecov￿-ablt alnount of the asset (or ?sset's ea$h oeneraiing unit) is th¢ higher of the fair value less costs 10 s¢11 and valiie in us¢. Value in use is defined as th¢ present value of the future cush tloivs before interest and tax obtainable as a result of the a55et'5 (or asset'5 cash generating unit) continued use. These cash flows discounted us&E]g a pre-tax discount rate that represents the curreni markec risk-free rate and the risks inherent irt the L8sets. If the recoverable amount of th¢ a55et (or asset's cash generatino unit) is estimated lo b¢ lower than the carry'ing amounL the earying amount is reduced to its recov¢rable amount. An irnpaimient loss is i'ecognised in the Statement of comprehensive inrome, unless the asset has been revalued when the amount is re¢ognised in other comprehensive income to the extent of any previously recognised revaluacion. Thereafter any excess is recognised in the Sratetnenl of comprehensive income. If an Ampairment Ioss is 5ub5equeiitly reversed, the carrying amount of the asset (or asset's cash g¢rn¢ratine unil) is increased to the revised estimate of its re¢overable amounL but only to tlie ¢xtcnt that the revised cttrying &mDunt does not exceed the ajrying aTnount that would have been deterniined (nel of depre¢iatton or amortisation) had no impaimient1055 been recognised in prior periods. A reversal of an impaimi¢nt105s is recogiiised iu the Statement of comprehensive income. Provisioiis Provisions are recognised when the Association has a pres¢nt legal or constructive obligation 85 a result of past events. it LS probable that an oufflow of resources will be required to settle the obligation, and the amount of the obligations can be esiimated reliably. Wh¢re tli¢re are a uwiib¢r of Similar obligations. the likelihood that an outflow will b¢ required in settlement ￿ dete￿Ined by considering the Class of obligations as a whole. A provision 15 recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that retlects current market a55e5sments of the time value of money and the risks specific 10 the oblitralÉorA. The increas¢ n th¢ provision due to passaoe of tTme is recognis¢d as a fmance ¢OSL Contingencies Contingent liabilities, arisiniF as a r¢sult of past events, are nol recognised when (i) it is noi probable that there will be an outflow of resources or that the amount ¢annot be reliably measured at the reportino date or (li) when the existence will be confllrned by th¢ occurrence or non-occurrence of uncertain ￿tUre events not wholly within the Associations control. Contingeni liabilities are disclosed in the financial statements unless th¢ probability of an outflow of resources is reniole.

Radius Housing Association Limited 25 Notes to the financial statements for the year ended 31 March 2025 Summary of sionifi¢ant accountino

pollcies (continued) Financial instruments The As50¢ialion has chosen 10 adopt Sections I l and 12 of FRS 102 in re5pe¢l of financial instruments. Finaneial 2ssets Basic financial assets, including trade and other receivables and cash and bank balance5 are initially iecogAised at transaction price, unless the arrangement conslittiles a financÈng transaction. where the trak)saction is measured at the present value of the future receipts discounted at a market rale of interest. Such assets are subsequently carried at amortised cost using the effective inl¢rest method. At the end clf each reportin period financial assets measured at amortised cost are assessed for objective evidence of impairnenl. If an asset is impaired the impainnent loss is the difference bemeen the carrvsng amount and the PTesent value of the esEimared cash flows dis¢ounted atthe asset's original effecrive interest rate. The impainnent loss is recognised in Statement of Comprehensive Income. If there is a decrease in the impaiment Ios5 arising from an event OCCUFriThg after the impairnient was recognised, the impainELent is reversed. The reversal is such that the current caryintr amount do¢s not exceed what the carrying amount Ivould have been had the in)painnent Trol previously been recognised. The impaiTmeni reversal is recottnised in Statement of Comprehensive Income. Financial assets are derecognised when (a) the contractual rights to the cash tlows from the asset expire or are settled, (b) substantially all the risks and rewards of the ownership of the asset 8re transferred to another party or, (c) desplte having rerained some signifE¢ant risks and rewards of ownership, control of rhe asset h2s been transferred to another paty who has the pr&ctical ability to tsnilaterally s¢ll the &sset to an unrelated third party without itnposing additional restrictions. Other financial assets. includtng Énvestments in equity illstruments which are not subsidiaries, a8sociales orjoittl venthres, are iELilially measured at fair value. which is norn]ally the transaction price. Such assets aTe subsequently ¢arri¢d at fair value and the ¢hang¢s tn fair value are recognised in Sialemenl of income and retatned earnings, except that investments in equity instruments that are Aot publi¢ly traded and whose fair values cannot be measured reliably ar¢ measured at cost1¢55 impairment. Financial liabili¢Te5 Basic finxncial liabilities, irtcluding trade and other payables, bank loans and loans from fellow companie4 al'e initially iecognised at transaction price, unless the arrangemenl constiiules a financing transaction, where the debt instrument is tneasured at the present value of the ￿tUre receipts discounted at a market rate of interest_ Debt instrunlents subseqiiently carried at amortised cost. usino the effective interest rdte method. Fees paid on the establishment of loan facilities arg recogni5ed a5 transaction costs of the loan to the extent that it is PTobable that some or all the facility will be drawn down. In this Case, Ihe fee is defthTed until the draw-down occurs. To the extent there is no evidence that it is probable that some or all the facility will be drawn down. the fe¢ is capitalised as a pre-payment for liquidity services and amortised Ov￿. the period of the ￿lIlty to which it relat¢s. Trade payables are obligations to pay for goods or services that have been acquired in ihe ordinary course of business frotn suppliers. Accottnts payable are ¢I￿sIfIed a5 current liabilities if payment is due within one year or less. If not, they are Ptesent¢d ￿ non-cutrent li3bilities. Trade payable5 are recognised initially at tr&nsaction price and subsequently measured at amortised ¢ost USAng the effective interest method. Disposal proeeed$ fund The net surpluses after loan repayments that arts¢ from the sale of property to tenants under the voluntary PUT¢hase ￿'ant arrangements instituted by the Department for Communities can be used by the Association to fund work5 on ptoperty that would not b¢ eligible for Housing Associatioft Giant or in certain circumstances, attract loan fmance. If th¢ surpluses are not used within three yearn of their receipt they may be payable in part or in ￿11 to the D¢partment for Communilies. Revenue reserves The Association's policy is io retain a level of Tevenuc reserves which reflects its needs at the current time and in the ftireseeable fijthre. The reserves ￿qUIred are sufficient lo meet ¢onvnitted running costs a period equivalent to twelve months budgeted future expenditure.

Radius Housing Association Limited Notes to the financial statements for the year ended 31 IWIarch 2025 Summary of significant accounting policies (Continued) Leas¢hold Sinking funds Leasehold sink.ino fijnds are reserve funds held for specific leasehold schemes which are set aside for major building repair5 and replacement. The sinking ￿ndS are held for the benefit of the leaseholders until such time as a(yreed expense5 are incurred and allocated lo these ￿nds. Critical accounting judgements and estimation uncertainty Estimates and judgem¢nTS made in the pro¢es5 of preparino the Gn>up fman¢iÈl statements are contiiiually evaluated and are based on historical experten¢e and other factors. including expe¢tation5 of future events Ihat are believed to be reasonable under the ciirumstanc¢s. (a) Critical judgement in applying the entity's g¢counting policies There are no ¢riti¢al judgements in applying the entity's accounlTno policies. {b) Criticgl aecountillg estim&tes and Assumption5 The dwectors make estimates and assumptions con¢¢iTrillg the ￿tUre in the process of preparino th¢ Group fmancial itatements. The esti￿at¢S and as51Ernplions that have a si.trnificant risk of causing a material adjustment to the carrying amounts of assets and lÉabiliti¢s wtthin the next financiol year are addressed below,. (i) Useful economic Itv&t ofhousrng ond non-k0113ingpropertigs The annual depreciation on housinv ¥ propertie5 ts sensitive to changes in ihe estimated useful econoinic lives and Tesidual values of the assets. The useful economic lives and residual values are reviewed annually. They ar¢ amended when necessary to reflect turrent estimates, based on furure investments, economic utilisation and the physical condition of the as5¢ts. See note 15 for Ihe carying aEnounÈ of housing properties and note 3 for the useful economic lives for each component of housing property. (li) Defined benefitpension scheine The Association ha5 an obligation to pay pension benefits to certain eThploy¢es. The cosi of these benefits and the wesent value of the oblitration depend on a number of factors, incLuding- life expect￿CY. salary increases, asset V81uations and the discount rate on COTporate bonds. Imanagement estimates tliese factors in detemjining the net pension obligatÉon in the beiance sheet. The assumptions r¢fl¢¢t historical expeii¢n¢e and cu￿ent trends. See note 36 for the disclosures relatin¢r to the defined bencfil scheme. There are no other crilical accounting estimates and assumptions. Turnover Turnover and results relate to the Group's main activities whiGh are Ca￿led out in Northern treland and the Republic of Ireland. Turnover represeiits r¢nlal and service charge income tooether with residential and daycare charges for Housing with Care, all net of voids. It a150 includes income from Telecarell eleh¢alth services. services provided to other Housino Associations ana Special Needs Management Allowance received foi the provision of ILousing with car¢. Operating costs Group Assocl8(lon 2025 2025 2024 2024 Dire¢t ¢osts Administrative expenses 87,461,711 7,090,808 81,129,282 5,837,329 87,799J60 7,090,808 81,027,365 5,837.329 94,552519 86,966,61 E 94,890,168 86,864,694

Radius Housing Association Limited 27 Notes to the financial statements for the year ended 31 March 2025 Operating surplu5 Croup Association 2025 2025 ?0?4 2024 This is staled after charginJtr (¢reditiJ]g): Depreciation (nore 15, 16) HAG amortisation (note ?7) Lu5s disposal of fixed assets Fees payabl¢ lo the Association's auditor in respect of.. audit services Fees payable in respect of internal audit services 17,717,049 16,678,216 17,717,042 16,678,216 (11,901 J30) (11,691,090) (11,901,330) (11,691,090) 1,174,421 638 ?27 1,174,421 638.227 66J81 S3,614 59,535 36,399 66,581 53,614 59,535 36,399 Employee information Group Association 2095 2024 2025 2024 Staff eosts Wages and salartes Social security costs Other pension costs 24.160,181 2,114,89 2,623,766 2 1,636,288 1,848,?31 2,560,030 24,160,181 2,114,890 2,623,766 21,636,288 1,848 ?31 2,560.030 28,898,837 26,044,)49 28.898,837 26,044,549 2025 ?024 Average monthly number of persons ¢mployed during the financial year by activity: Administraiion and management Scheme co-ordinators and ancillaiy staff Care staff. cleaners and other support staff 356 223 375 354 225 346 954 92) Directors? Emoluments The remuneration of directors (defmed for the purposes of emoluments as Ehe Chief Executive and any member of the Senior Managetnent Team of the Association) during the year was.. Group Associ#tion 2025 2025 2024 2024 Aggregate emoluments Pension contributions 787,987 1SQJ94 763,388 144,821 787,987 150,394 763,388 144,821 938,381 908.209 938,381 908,209 Members of the Board of Management serve in a voluntary capacity and none were in receipt of emoluments during the year. The Bo2rd and Committee members were reimbursed for expenses totallino £4J60 during the year {2024 £2.781).

Radius Housing Association Limited 28 Notes to the financial statements for the year ended 31 mai.ch 2025 Directors, Emoluments (continued) The emoluments to the17ighest paid Direcioi- (included within the above lable) are as follows= Group Association 202? 2095 2024 2024 Aggregate emoluments Pension contributions 165,264 47,616 152,446 43,)84 165,264 47,616 152,446 43,584 212,880 196,030 ?12,880 196.030 The numb¢r of dire¢lors to whom emolLtm¢nts were paid during the year fall within each of the following bands.. Croup A550cialion 2025 2025 2024 No. No. Salary band: £165.000- £170,000 £15i,OOQ- £160,000 £120.000- £125,000 £115.000-£120,000 £1 10.000- £115,000 £105,000- £11 0.000 £IOO,000- £105.000 £95.000- £100,000 £4i.000- £)O,000 £35.000 - £40,000 £25,000- £30,000 10 Transfer to disposal proceeds fund Group AssoetAtiou 2025 2024 2025 2024 Op¢nTng balance Transfer of grant on disposal Transfer from disposal ￿nd Purchases in the year 3,617,883 155,876 122,916} {18S.148) 5,315,220 2,963.866 (361,504) {4,299.699) 3,617,883 5,31).220 155,876 ? 963,866 (22,916) ()61,504) (185,148) (4,299,699) Closing balance 3,565,695 3,617,883 3,565,695 3,617,883 Represented by.. Due within one year (note 23) Due after more than one year {t)ote ?4) 3,432,735 132.960 1,0 [5,444 2,6014a9 3,432,735 132,960 1,015,444 2.602.439 3,565,695 3,6l7,883 3,565,695 3,617,883

Radius Housing Association Limited 29 Notes to the financial statements for the year ended 31 March 2025 11 Int¢r¢st re¢eivable and similar income Group Association 202) 21J2i ?024 ?024 Interest receivable 568,666 765,697 568,665 1.192,693 12 Interest payable and similAr charges Croup Association 2025 2024 2025 Housing property loans 10,888,816 9,582,?44 10,888,816 9,582,?44 13 Net pension income Group Associ•tlon 2025 2025 ?024 Defined benefil pension scheme net interest income (note 36) 3,622,794 3.019,743 3.622,794 3.019,743 14 TaxatlOD on profit on ordinary activities Group Association 9025 202) 2024 ?0?4 UK co￿￿ratiOn lax charge on profit for the year

Radius Housing Association Limited 30 Notes to the financial statements for the year ended 31 March 2025 15 Housing properties - depreciated cost Group Association 2025 ?0?4 2025 ?0?4 Cost At l April Additions Transfer to sto¢k Disposals 1,209,984,091 1. l i8,001.314 1209,984,091 I,158,001,i14 75,022.258 68,2?1.87j 75,022,258 68 ?21,873 (655J61) (1,542,125) (65iJ61) (I,)4? 125) (6.6>9,123) (14,696,971) (@659,123) (14,696,971) A¢ il March 1277.691,865 1 ?09,984.091 1,277,691,865 1,209,984,091 Depreciation At l April Charge for the year Disposals 237,239,660 17,006,822 (4,574,680) 231,108,187 16,043,661 (9.912.188) 237,239,660 2i1,108,187 17,006,822 16,043,661 (4,574,680) {9.912, I88) At ) l March 249.671,802 237.239,660 249,671,802 237.239,660 Net book value At 31 MarGh 1,02&020,063 972,744.431 1,028,020,063 972,744,431 Net book amount comprises: Freehold property Long l¢asehold property 978,755J93 49,264,670 922,774,503 49,969.P8 97&7i5J93 922,774,i03 49,264,670 49,969,928 1.028,020,063 972.744,4J I 1,028,020,063 97?,744,431 Completed schemes Prop¢rties under con5tru¢tÈon 889,592,510 138,427,553 8)4,989,238 117.755.l93 889,592,510 834,989238 138,427,553 1)7,755,193 1,028,020.063 972,744,431 1,028,020,063 97? 744,43 I The groiip considers individual sch¢w¢s to be separate Cash Generating Units (CGU'S) when assessing for impairm¢nL in accordan¢e wiih the requirements of FRS 102. The recoverable amount is taken to be the higher of the fair value less costs to sell or the value in use of an asset or CGU. In making the assessment of the recoverable 2mount, the gi'oup considers that value tn use whith takes into account the service potential of the CGUS is appropriate. Where value in use - service potential is to be detennined, tlie ¢al¢ulation of Depreciated Replacement Cost (DRC) is considered to b¢ suitabl¢. Based on Ihis ass¢ssment, w¢ calculated the DRC using appropriate collstruction costs and land prices ot each housin8 property schem* In these circumstances we consider the DRC to be the recoverable amount. Where the canying amount is greater than the recoverable amour£t, an impaimient loss of the differenGe between the two Is taken to tlie income and expendilure a¢¢ounl and a corresponding ¢ntry is made to reduce the ¢aTrying value of the asset. There was no impainnent charged in the 3 l March ?025 year end (2024- £Nil).

Radius Housing Association Limited 31 Notes to the financial statements for the year ended 31 March 2025 16 Other tangible fixed assets Long It5ehold oifice property Offiet and computer equipment Motor Vehitles Tot81 Group and Asso¢iotion Cost At l April Addition5 Disposals 41,114 280.150 7,154,377 5,802,228 (69,163) 4,443,858 11,6J9,349 1,760,476 7,842,854 {700.073) (769,236) At31 March 321,264 12,887,442 5,504,261 18,712,967 Depreeiation At l April Charge for the ycar Eliminated on disposal 364 13,3?1 1,741,385 3,062,641 623,86? (700,073) 4,804,390 710.220 (769,236) (69.163} At 31 March 13,685 1,745,259 2,986,430 4,745,374 N¢t book At 31 Mur¢h 20?- 307,579 11,142,183 2,517,831 13,967,393 At 31 fvtarch 2024 40,750 j,41?,99? 1,381 ?17 6,834.959 17 Investments Group AssociatÉoii 2U25 ?024 2025 ?024 At l April Additionsl(di5posals) 4,936,943 (6,911) 3,985,981 950,962 10,347,538 269,779 9,054.796 1,292.742 At JI Mr¢h 4,930,032 4.936,943 10,617,317 10.347,538 Group tnvestments include ground rent investhient of £4,250. Association inveslmenls relate to THFC sinking ￿ndS 2nd an investment in one of ils subsidiaries. Tealstone Developments Llmited. to acquire land for developmetkL 18 Investment in subsidiary undertakings - Association Cost ai 31 March 2024 and 2025 250,004 Investments in subsidiary undertakings are recorded at ¢osr, which is Ihe fair value ofthe consideration paid. The As50cialioD'S subsidiary undertaktng5, which ate incorporated in Northern Ireland, are. N2tne of company Holding Proportion held Registered Office Principol Activity Tealstone Developments Limited Ordinary shares iooo 3 - 7 Redbum Square Holywood BT18 9HZ Development of land and collection of ground rents Radius Homes Limited Ordinjry shares iooo/ 3 - 7 Redburn Square Holywood BT18 9HZ House building services

Radius Housing Association Limited 32 Notes to the financial statements for the year ended 31 March 2025 19 Stock Croup Asso¢ialion 202) 2025 ?024 2024 Consum2ble5 New homes for oulright sale Development land 379,011 5,861,143 S,701,783 168,1 j? i,205,782 4.999.5i6 379,011 5,861,143 168.152 ),20i,782 11,941,937 10,373,490 6,240,154 S,J73,934 Sto¢k represents both completed properties and properti¢s ullder ¢ottstruction for outright sale. Stock is valued at the lower of cost and net realisable value. Cost include5 acquisition and development costs together with ¢apiialised interesi. Net realisable value is based on the estimated selling price l¢ss selling costs. 20 Debtors Group A550ciation 202> 2024 2025 2024 Rental debtors gr055- Technical ReTttal debtors (rr05s- Non-technical Pj'ovision for bad debts 3,315,539 2,605,067 (1,247,986) 2.677,592 J,143.?61 (I,i67,180) 3J15,?39 ? 677.592 2,60i.067 3,143,261 (1,247,986) (1,367,180) Net rental (including rates, service ¢harges) debtors 4,672,620 4,453,673 4,672,620 4,453,673 TTad¢ debtors Amounls due from subsidiaries Other debtors Prepayments and accrued income Housing A3so¢iation Grdnt receivable 465,557 667,704 430,147 299,334 1519,250 1,619,503 15,79),095 665,854 ?9J.342 1,926,828 1,43? 808 20,359,170 1,519,250 1,619,503 15,79>,09> 9 057.084 1.432,808 20,359,170 21072,025 28,970,439 24,335,949 ?9,131.675 Amounts oMi¢d by relaied undertakings are interest free. unsecured and repayable on demand. 21 Investments Croup Associatioll 2025 2025 2024 2024 Short term deposits 342,011 275,601 342,011 275.601 This repffs¢nts Cash held on deposit with an original maturity between l 8nd 12 months. At the year end the average maturity of the deposits was 3 months. The average intercst rate was 2J•/o (2024- 2.330/y). 22 Cash at bank and in hand Group Assottatlon 2025 2025 2024 ?024 Cash at bank and in hand 4,219,899 9.845,047 2,840,024 9,203,493 None of the cagh at bank is restricted.

Radiiis Hoiising Association Limited 33 Notes to the financial statements for the year ended 31 March 2025 23 Creditors.. amounts falling due within one year Group Association 2025 2024 2025 ?024 Bank loans & senior notes {nole ?6) DFC loar15 (note 26) THFC pretnium Trade creditors Other lax and soeial seeuTity Rent, rates and service charges received in advance Housing Association Grant in advance Other ¢rediiof5 Disposal Proceeds Fund (note 10) Accruals and deferred income Amounts owed to subsidiaries Housing .4ssociation Grant (note 27} Tenant services account 4,429,101 8,156,35i 2,765 111.629 4,682,346 197,809 1,638.403 9.892.751 9,180,611 1,015.444 10.727,397 4,429,101 8,156,353 ?.765 111.629 4,146,583 197,809 1,638,403 9,892.751 6,339,528 1,0 li,444 10,7?7,397 3,587,953 lQ,965.658 227,955 111,629 5,933,562 228,195 1,64i,475 2,402,827 4,904,950 3,432,73i 14,097,428 111,629 5,287,414 228,195 1,645,475 2,402,827 2,310,739 3,432,735 14,095,428 3,674,760 11,375,093 469,944 IID75,093 469,944 10,965.658 227,955 49,030,939 56,799,1?1 49,463J40 57,010.?28 Amounts owed to related parties and subsidiary undertakings are interest free, unse¢ured and repayable on demand. 24 CredAtors'. amounts falling due after more than one year Group Association 2025 ?024 2025 2024 Bank loans & senior notes (Note 26) THFC premium Disposal proceeds fund (note 10) Housing Association Grant {no* 27) Fair value of financial instruments Other creditors 261,603,636 1,808J79 132,960

92,161,763 66,350 3,436,761 217,i99,979 ,920.008 2,60?,439 580,604.169 89,946 4,366,767 261,603,636 2 17,599,979 1,808J79 1,920,008 132,960 2,60?.439 592,161,763 580,604,169 66J50 89,946 3,436,761 4,366,767 859,209049 807,183,308 859,209,849 807,183,308 The disposaLs proceeds fund consists of montes arising from liouse sales. less allowable costs and contributions, from which transfers to Housing Associaltou Grant (HAG) trÈsing from qualifying expenditure may be made with Departmental consenk generally Wkthin 3 years of the monie5 being transferred into the fvnd. 25 Financial instruments The Group 4md ASs￿latIon has the following ftnanGial instruments: Croup Associatiou Financial assets that are d¢bt instruments measurtd at Smortised ¢ost: 2025 2024 2025 2024 Rental debtor (note 20) Trnde debtors (note 20) Other debtors (note 20) Amounts owed by subsidiaries (note 40) Housing Association Grant receivable (note 20) Investments in long tenn deposits (note 17) Investments in short lerni deposits (notc 21) Cash al bank and in hand (note 22) 4,672,620 465,557 1,519,250 4,453,673 667,704 2,057,084 4,672,620 430,147 1,519,249 299,334 15,795,095 10,617,317 342,011 1840,024 4.453.673 665,854 4.025.490 293,342 20,359,170 10,347.538 275,601 9.203.493 15,795,095 4,930,032 342,011 4,219,899 20,359,170 4.936,943 275,601 9,845,047 31,944464 42,595,222 36,51?,797 49,624.161

Radius Housing Association Limited 34 Notes to the financial statements for the year ended 31 March 2025 2) Financi21 instruments (continued) Croup As50cialion Finanelal li8bilitles measured at amort15td cost: 2025 20?4 2025 Dfc loans (note 26) Bank loai)s & senior note5 (note ?6} Trade Creditor5 (note 23) Other creditors (note ?) & ?4) Accruals and deferred iftcome {note ?)) Amounts owed lo subsidiaries (note 40) 266,032,737 5,933,i62 8,341,711 14.095,427 ?25,756,332 4,68? 346 13,547,378 10,727,397 266,032,737 225,756.33? 5,287,414 4,146,583

,747,500 10,706,295 14,095,427 10,727,i95 3,674,760 3,179,399 294,403,437 ?54,716,218 294,837,838 2i4,518,769 Group Asso£i2tion Financial liabilities Jneasured at fair value Through other Comprehensive in¢om¢: 2025 3024 2025 ?024 Derivative financial instrument (note 24} 66J50 89,940 66JSO 89,946 Financial a55¢15 and liabilities measured at faiy value through other comprehensiv¢ income are made up of derivative financial instruments. En accordance with the throup's policy on hedgirig, interest rate exposure Is mfttl8ated by enteriAtr into interest rale swaps. It is not possible to ascertain tht ainount of the fiT)ancial instrument that ivill reverse within oiie year and os Such il has been pr¢sented in the financial stateTnellts' as non-cutTent. 26 Loans Group Association 2025 2025 20?4 20?4 Bank loans Less than one year, or on demand Between one 2nd two years Between ttyo and five yeai's After more than five years Senior notes After more than five years 4,429,101 48,290,623 12,130,976 97.206,045 8,156,J53 3.792,553 17.922,297 9l,941.753 4,429,101 48,290,623 12,130,976 97,206,045 8,156,353 3,792.)53 17,922,297 91,941,753 103,975,992 103,943.376 103,975,992 IOi,94),376 266,032,737 225,756,332 266,032,737 225,7i6,332 Represented by.. Due within one year (note 23) Due after more than on¢ Y￿ (note 24) 4,429,10 261,003,636 8,156.353 217.599,979 4,429,101 8,156,353 261,603,636 717,599.979 266,032,737 225,7)6,332 266,032,737 225,756,332

adius Housinis Association Limited 35 Notes to the financial statements for the year ended 31 March 2025 26 Loans (continued) Bank 2nd other loans A loan of £17m repayable in five equal instalments annually from 2039 10 2043 and until then interest at a fixed wupon rdte of 5 ?O/D {4.50/0 effe¢iive rate) is payable anniially. A loan of £?Om repayable in quarterly inslalments from 2007 to 2035 with interest at a fixed coupon rate of 5.97g/o-6.02Yo payable annually. A loan of £20m repayable in quarterly instalments from 2007 to 2035 with interest at a fixed ¢oupon rate of 6.14¥0-6.17Y payable annually. A loan of £IOm repayable in full in a single instalment of £IOm in 2039 and until then interest at a fixed coupon rale of 6.35V (6.07'h effec(ive rat¢) is payable annually. A loan of £5Jn repayable in full in a single inslalment of £5m in 2032 and until Ihen interest ai a fixed coupon late of 4.510 is payable annually. A loan of £IOm repayable in full in a single instalment in 2044 and until then onlv Inte￿St at a fixed Coupon iate of i.20/o (4.90/0 effective rdte) is payable half-yearly- A loan of £?Om repayable in fvll in a Single instalment in 20J3 and until ihen only interest at a variable l'ate linked to SONIA is payable quarterly. A Revolvinir Credit FaciliEies of £125m (£44m drawn at 31 March ?025) repayable in various insL2lmenfS by 203? and unlil then only interest al a variable rate linked to SONIA is payable quarteily. All remaining loans bear interest at rates ranging betw¢en 0.900/0 and 6.0711/0 at fi.xed and variable rates, except for loans of £8m on which interest only is repay8ble half-ye&rly and the Capital in a sintsle instalinent in 2031. Bank loans are repayable on an artlortised basis over V￿yIng periods between 20 arÉd 25 years. All bank loans are secured by ivay of morttsages upon the deeds of properties. Senior notes A sentor secured note is Tepayable in full in a single payment in 2035 and until then interest at & fixed coupon of 2.370/tr 1$ payable semi-annually. A senior secured note is repayable in ￿11 in a single payment in 2050 and until then interest at a fixed coupon of 9 81 % 15 payable semi.annually. A senior se¢ured note is repayable in full in a single payment in 2055 and until then interest at fixed coupon of 2.870/0 is payable semi-annually. These notes are secured by way of a mortgage upon th¢ deeds of various properties. The figures included in the note above ar¢ net of debt issue costs of £1,024,008 (2024.. £1,056,624) that will be released lo the statement of cotnprehensive income over th¢ life of the various notes. Departrnent for Communities loans Group Assotiation 2025 2025 2024 2024 Less than orL¢ year (note 23) 2,765 2,765 The loans from the Department for Communities bear intsrest rates ranging between 9.50/0 and 15.250/ts at fixed rates and are repayable on &n amortised basis (capital and interesi). All Dfc loans ￿e secured by way of mortgages upon the deeds of Radius properties.

Radius Housing Association Limited 36 Notes to the financial statements for the year ended 31 IW1Arch 2025 27 Housing Association Grant ?02) 20?4 Group and Association Housing Assoctation and other grants Ar l April Additions Movement on HAG in advance Disposals 808,1?5,272 785,491,302 17,43S,911 32,66? 489 7,489,924 (1.404.071) (1,630,909) (8,594,448) At 31 Mmrcli 831,450,198 808,li5 ?72 Amortisation At l April Charoe for th¢ year Disposals 216,585,445 ?08,104,721 11,901.330 11,691,090 (573,433) (J,?10,366) At 31 March 227,913J47 216,)8 j,445 Net book value At 31 lareh 603,536,856 591,569.827 RepTesented by-. Due within one year (note 23) Due after more than oll¢ year (note 24) I lJ75,093 10,965,6i8 592,161,763 580,604,169 603,536,856 591,569,827 28 Called up share capital Group Associatiou 2025 2025 2024 2024 Ordingly shares of£1 each, fully paid At l April Allotted during the year Transfer to C8pilal reserve 26 26 26 26 (3) (3) At 31 March 26 26 26 26 29 Capital reserve Group AssoelatioD 1025 2025 2024 20?4 Al l April Transfer from share capital 277 274 277 274 At 31 March 277 277 277 277

Radius Housing Association Limited 37 Notes to the finaneial statements for the year ended 31 March 2025 30 Net cash inflow from operating activities - Group 2025 2024 Operating surplus Difference betkyeen pension charLfe and eash contributions D¢preciation charge Amortisation of Housing Association Grmt Gain on disposal of tangible fixed assets Movement in debtors Movement in creditors Movement in stock 20,970,475 17,49J,644 {1,337,000) (1,319,000) 17,717,042 16,678,216 (11,901?30) {11,691,090} 11,174,421) (638,2?7) 393,688 (858,249) (6,492,794) (1,570,784) {913,086) (1,137,180) Net Cash inllow from operating activities 17,262,574 16,957,330 31 Analysis of net debt- Group Cashflow & Non-¢ash movelneut April 20?4 2025 Cash al bank and in hand Short temi investments 9.845,047 275,601 (5,625.148) 66,410 4,2J9.899 342,011 Cash and cash equivalents 10.120,fv18 (5.558,738) 4,561,910 Debt due within one vear DebL diie after one year (8,159,I17) 3,730,016 (4,429,101) (?17,599,979) (44,003.657) (26J.,603,636) Debt (225,759.096) (40.273,641) (266,032,737) Nel Debt (215,638,448) (45,83?,379) (261,470,827) 32 Reconciliation of net cash flow to movement in net debt 2025 2024 Inci'ease in cash and cash equivalenis in fmancial year New102ns Repayment of loarLS (5,?58,738) (253,225) (44,000,000) (28,000.000) 3.726J59 3,860,094 Movement in net debt in the f￿ancial year Net debt at l April {45,832379) (24,393,131> {215,638,448} (191,245.317) Nel debt a¢31 March (201,470,827) (215,6)8,448)

Radius Housing Association Limited 38 Notes to the financial statements for the year ended 31 fylarch 2025 33 Housing Stock - Association 2025 ?024 P4umber of units owned on 31 March General needs housinu Shelter¢d Supported housing (including housing with care) 9,254 3J24 1203 9,Oi4 1,199 Total owned 13,781 13,575 14umber of units managed by (but not owned) on 31 March Sheltered General Needs 75 30 79 Tot31 managed 105 110 Total units owlled and managed at 31 March 13.886 13,685 34 Turnover, operating costs and operating surplus - Assoeiation 2095 Operating Costs Operating Turnover Operating Surplus Operating Turnover Operating Costs Operating Surplus Social Housing Activities (not¢ 35) Non-Soei&l HollSlI)g Activities (note 35) 109,965,8i5 89,547,707 20,418,148 98.489.370 81.587.J47 16,902.023 i,397,32i 5,342,461 54,864 5,868,685 5,277,347 i91,338 Total 11?,363,180 94,890,168 20,473,012 104.358.055 86,864.694 17,49),36K

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Radius Housing Association Limited 41 Notes to the financial statements for the year ended 31 March 2025 3S Turnover, operating costs and operating surplus or deficit from social and non-social housing activities - Association (continued) 2025 Non-social Houstng Activities Operatiiig ineorne Conneci ?4 Development Allowances Affordable Home Sales Staying Put (Supporting People) SiayinLTr Put Other Incorne Care Services Other Income 3,165,011 1,314,088 3,057,078 1,117?16 380,000 407,126 2,237 281,100 623,9?8 407,126 1,701 316,331 193,068 Total non-so¢ial housing income 97,325 5,868,685 OperAting eosts Connect 24 costs DeVelOp￿en¢ Affordable Home Sales Staying Put (Supporting People) Care services Depreciation of non-social housin(F assets 2,363.444 1.602,161 ? 535,148 1 ?73,163 325,756 309,0)9 553,4?8 280,813 332,952 754,970 288.934 Total non-soci81 housing expenditllre SJ42,461 5.277,347 Operating surplus on non-50cial housing 54.864 591,338 36 Pension commitrnellts The net pension surplus shown below under section 28 of FRS 102, which deals wiih the aCco￿nting for employee benefits, does not represent 2 shortfall which requires shoTt terFn cash ￿nding. The amount shown below is ca]culated to comply with the Financial Reporting Standard, the specific requirements of whicli differ frotn the basis on which pension liabilities are kctuarially calculated for the purpose of the ongoing funding of the scheme. The Financtal ReponinL* Standard requires. (i) actttarial deficiencies to be recognised immedlately as a liability in the fmancial stat¢meats rather than being Spread forward over einployees, retnaining service lives. artd (li) the actuary, in valuing the scherne's liabilities, is required to use a bond yield a5 the discount rate for valuing Sjture liabilities, rather than a rate that retlects Ihe expected return on the scheme's particular assel portfolio. with the result of an apparent increase in the present value of fuwre longer-tmi liabilities. The below is in reLation lo employees and ¢x-employees who are members of the NILGOSC and SHPS pension scheme. NILGOSC pension schem¢ is considered a r¢lated party of the Association. The most recent valuatton was conducted as at 31 March 2025 by a qualified actuary for the purpose of the disclosures below. The major assumptions used by the actuary were.. 2025 2024 Rate of increase in salaries Rate of increase in pensions in payment Discount rate 4.￿￿/Tr 2.60Yty 4.80% 3.000/ 2.70/0 4.700/9 2.97010 3.0(V/. 2.SOO/o 5.80°/.

Radius Housing Association Limited 42 Notes to the financial statements for the year ended 31 March 2025 36 Pension commitments (continued) The mortality 85sumptions used wer¢ as follows: 2025 Yeor5 Yeat's Years Years Longevity ai age 65 for current pensioners.. -men - Women Longevity at age 45 for ￿{￿re pensioners: -men - Women 21.6 24.5 21.7 24.6 ?1.8 25.0 ?1,9 ?5.0 22.2 2).2 22.7 25.6 23.? 26.0 23.2 26.4 Th¢ assets Én the scheme were: 2025 £'ooo £'ooo Equities Propety GoYerJunent Bonds CoTpordt¢ Bonds fvlulti Asset Credit Cash Other 46,224 10,632 17,571 4,365 14,550 11,975 603 46,609 10,346 18,559 4,480 14,186 5,973 6,506 Total market value of as$¢ts Present valu¢ of scheme liabilities Unrealised asset 111,920 {61,044) (50,876) 106,659 (71,117) (35,542) Net peu5ion surplus Reconciliation of f&lr v01u¢ of scheme a$s¢ts: 2025 £'ooo 7024 £'ooo At l April Interest income on assets Rem¢aSurem¢￿t {losses)/gains on assets Employer contributions Member contributions Benefits paid 106,659 5,152 (1,207) 3,097 388 (2,169) 95,203 4,510 5.442 3,145 396 (2,037) At 31 M2r¢h 111,920 106.659

Radius Housing Association Limited Notes to the financial statements for the year ended 31 March 2025 36 Pension comznitD]ents (continued) Reconciliation of fair valu¢ of scheme Ilabllitles: 2025 £'ooo 20?4 £'ooo At l April Current service c05t Interest expense on def￿¢d beJ)efit obligations Contributions by participants A¢￿arIal gains on liabilitÉes Net benefits paid oul 71,117 1,2S3 3J72 388 (12,917) (2,169} 69,353 1,412 ?2? 396 (1.229) (2,037) At 31 March 61,044 71,117 Analysis of the amount charged to jDcome or eypenditllre are as follows: 2025 £'ooo 2024 £'ooo Cu￿ent service cost Nel interest income 1,253 {74) 1,360 (78) PensioD expense recognised 1,179 1282 A¢¢uarial losses and gains The total amount of actuarial losses recoryntsed in other comptthensive iThcoin¢ is £3,624,000 (2024- £3,021,000). Amounts for eurrent and previous three years: 202> £'o( 2024 £'ooo 2023 £'ooo £'ooo Scheme assets Scheme liabilities 111,920 (61,044) 106,6i9 (71,117) 95,203 (69,353) 103.718 (98,417) Surplus 50.876 35.54? 25,850 The surpluse5 arÈ3ing have not been recognised in accordance ivith the Scheme rules. 37 Contingent liabilities The accu￿￿lated auLount of Housillg Association Grani amortised and released to reserves as at 31 March ?025 was £227,913,342 (2024 - £216,585.445). The possibility of any reimbur5ernent to the Department for Communities 15 eonsidered to be unlikely as the housing properties are expected to continue 10 be made available for social housing for the foreseeable fiEture. 38 Capital commitments - Housing Properties- Grollp 2025 2024 Contracted for but not Provid￿ in Ihe fEnancial statements 64,004,330 80,594.038 The Group anticipates that this expenditure will be funded by a combination of HousingAssociation GT&nt from the Department for Conmunities alld private finance. both extemal and int¢mal.

Radius Housing Association Limited Notes to the fillaneial statements for the year ended 31 March 2025 39 Operating lease commitments At 31 fvIarch 20?5 the Association had tlie following ￿tUre minimum le&8e payments under a non-canc¢llable operating lease for motor vehicles for each of the folloiying periods-. 2025 2024 Within one year 9,085 41.447 40 Related party transactions The compatty has taken advantag¢ of the exemption contained in Paragraph J3. IA of FRS102 not to discloseany transactions Ivith its subsidiary undertakings on the grounds tbat they are &ll IOOV/o subsidiari¢s and thcse are consolidated fthaneial statements. Tlie Company is also an admitted body ro the Northein Ireland. Lo¢al Government Officers, Superannuation Coinmittee (NILGOSC) 8lld makes contributions on bebalf of those of its employees wlio are in the scheme. DetaiLs of the subsidiaries are disG105ed in Note 18.