2025-03-31-accounts

Registered no: IPIM10136 Clanmil Housing Association Limited Annual Statement of Accounts for the year ended 31 March 2025

Clanmil Housing Association Limited Annual Statement of Accounts for the year ended 31 March 2025 Contents Board and advisers Strategic report of the Board 3-11 Report of the Board 12-14 Independent auditors, report to the m¢mbers of Clanmil Housing Association Limited 15-16 Consolidated statement of comprehensive income 17 Consolidated stat¢ment of changes in reserves 17 AssocÉation statement of comprehensive income 18 Association statement of changes in reserves 18 Consolidated statement of financial position 19 Association statement of financial position 20 Consolidated cash flow statement 21 Notes to th¢ financial statements 22-51

Clanmil Housing Association Limited Board and advisers Board M Monaghan MBE MS¢ (Chair) M Mccann MA (Vice Chair) P Cassidy BA (QUB) CPFA (retllr￿ Jun24) N Adams Bsc (Hons) K O'Neill MEng D Orr CBE MA L Hannigan BS¢ (Hons) MRICS (retired Jun24) N Hill BS¢ E¢on (Hons) FCPFA E Patterson Msc CIHCM (retired Dec24) J Hannigan FCCA MBA CIHCM CDir C Lillie BA {Hons) S Robson BA (Hons) PgDipTP MRTPI (co-opted Sep24) A Press Msc Dip IOD Lib IOB (cfropte41 Dec24) Group Chief Executive and Company Secretary C McTag8art Adv Dip CIHCM AssocRICS MCMI Registered office Northern Whig House 3 Waring Street Belfast BTI 2DX Re8AStered under the Co4)per8tive and Community Benefit Socieiies A¢t (Northern IrelBnd) 1969, No. EP000136 Solleltors (prlmary) Mills Seli8 21 Arthur Street Belfast BTI 4GA Bankers (prkngry) Danske BanJ( Donegall Square West Belfast BTI 6SJ Independent auditors Sumer Auditco Nl Statutory Auditors Glendinning House 6 Murray Street Belfast BTI 6DN

Clanmil Housing Association Limited Strategie report of the Board for the year ended 31 March 2025 The Board present their strategic report and the audited financial statements for the year ended 31 March 2025 of Clanmil Housing A￿oCiation Limited (th¢ "Association") and its subsidiarics (th¢"Group"). The Board is a voluntary Committee who have responsibility for the strategic dir¢¢tion, general policy and management of the Group. The day-to-day management of operations is d¢legated lo the Group Chief Executive the Executive Team. Gender analysis The Executive Team of the Association comprises 3 females and 3 males at year end. The Group had 325 employees on the 31 March 2025. both part and full time, of which 106 are male and 219 are female. Status Clanmil Housing Association Limited is registered under the Co-operative and Community Benefit Societies Act (Northern Ireland) 1969 (No. IPOOO136) and is a Registered Housing Association. The Association is a registered charity with HMRC (Charity No. XR 43042). The Association is r¢815t¢red with the Charity Commission for Northern Ireland (Registration No. NIC103840). Group structure Clanmil Housing Association Limited provides social and affordable housing in Northern Ireland and is the controlling member of the Group. Cl8nmil Developments Limited provides property development Services to assist Clanrnil Housin8 Association in delivering its social housing development programme. Clanmil Properties Limited provides services to property management Companies and other Housing AssociatiOn￿OrganIsatiOns. Milbreen Limited is currently dorn)ant but intends to develop housing ft>r sale. Refer to note 18 for detsils of Clanmil Housing Association Limit￿,5 Invesknents in subsidiary undertaking5. Prlnclpal aetivitles Th¢ Group provides over 5,980 high quality homes for rent throughout Northern Ireland and helps facilitate home ownership for peopl¢ who cannot afford to purchase a home outright throu8h its shared ¢quity product. Our social homes are allocated to people from the housin8 selection scheme managed by the Northern Ireland Housing Executive. A wide range of people live in our homes. All share a need for a good quality horne. and to be part of a sustainable community where they Can live well, flourish and thrive. We offer a wide range of high quality housing and services including: homes for families and single people. housing and support for older people. supported housing for older people with dementia and for people with learning disabilities and mentsI ill-health. hostels providing temporary refuge for women and their children escaping domesti¢ violence; houses for Irish Travellers. and supported housing fot young people leaving car¢. Our equity share, part-buy. part-rent scheme m&kes home ownership achievable for people who cannot afford to purch&se a home outright. It allows first time buy¢rs to purchase a share in a hom¢ and pay rent on the remaining share, with an option to buy th¢ remainder at a tim¢ that suits them.

ClanmMI Housing Association Limited Strategie report of the Board for the year ended 31 March 2025 (contgd) Shaplng our Future strate￿ 2026 2024125 w&8 the fourth year of our Strategic Plan. Shaping our Future, which we launched in April 2021. This plan Iw&8 ¢{￿designed by colleagues, customers and stakeholders, and is both challenging and ambitious and provides, we believe, focus for us all. whilst reinforcing the importanc¢ of genuine partnerships that help our ¢ustom¢rs thrive and flourish within sustainabl¢ communities. Together we want to: L•av• a p08111v••xp•rlonc• B•ll•v• In better Achl•v•tOg•ther Wel￿$ Ifve's an 10 ieaye a F#)s)INe lastry mwessK¥I11 51 coriipassbJn￿￿ dEfflon5trate cwe . Wesee P￿1. Th>1 Ihe PlOLiem wr4151 we that SfAnet¥Theswemb>M r tCnWs0kn or make a h¥a CL$￿. we WA aw ￿tW￿h knmsty. ltyness respKI reg¥¢ss ¢lrcumsthrKe5 Weare a WOF4e txts1￿$. $0 gittst 1al￿r￿￿p5 aTe cnKL]I , Wtha aTrJ a The•J 01 J5sOW. we habt a sThwe¢l to thj mwe . Wecmw w5etyes. tach (Imf. thal we the w(¥J wixw•J us to Mt wsl seltte Lyji TO￿ we aresworw. a5 as t Bywtyw as one wth coMe4ues. cus1￿T5 aTr3 we C￿ make feai char¥Je Iwwd wth great er WeJ see fjlffttenty, aTrJ wt mwd thyays 4ree Wean¢￿e Ok we£eLY cw dw5ty the that s as we IMI wth Weremam cunous what ¢¢>A be. whai we Lwtht Wearè a knce Ic¢ w. so weY¢ Cc￿lIdeN la siaTJ up aTrJ ￿ c¢￿ted The five key aims of our Strategy are.. Build and maintain quality homes whilst preserving the environment Having the right place to call home is an essential part of being able to live well. With that in mind we want to play a leading role in tackling the housing crisis in Northern Ireland. We want to strengthen existing communities and help to create new oncs through the development of new sustainable homes that are built for the fiiture. The homes we build will be well maintained, safe and energy etTicient. Climate change is the challenge of a generation so we must play our part in rcducing our carbon footprint. Wc aim to: Build and develop up to 1,400 well designed, energy efficienL mixed-tenure homes in the next fiv¢ ye4r5. Target the desi￿ and delivery of new homes in both urban and rural areas with the greatsst housing need. Be innovative in our delivery and ￿0pt all affordablc d¢livery options, includin8 mod¢rn methods of constrnction, to minimise our carbon footprint. Invest in actively managing our assets, making ihem safe and attractive places to liv¢. Subsidise our core activity by diversifying our approach, Capilalising on new opportunities for growth through initiatives such as the empty end affordable homes schemes. l/ Provide services that make life easier for our customers We want our custorners to sustain their tenancies for as lon8 &8 they choose. It's important that we remain responsive to changing customer needs and that we make life &qsier for them by making it easy to do business wilh us. We need to build and maintain healthy, trusting and respectful relationships with our customers, so they are empowered to help shape the standard of services we provide. We wtll: Create services that provide a great customer experience, being clear about what we offer and how we work io support diverse customer needs. Build trusting relationships by getting to know our Guslomers, their communities and listening to their individual needs. Working in partnership with other service providers, create an environment where stable communities can Ihriv¢ and customers are empowered to mak¢ infonned decisio￿ that are right for them. Create more opportunities for regular and robust customer feedback to generate quality insights that will help us to continually enhance our services. Develop an excellcnt multi-channel approach to serving our customers* giving customers a real choice in how they want to tslk to us.

Clanmil Housing Association Limiited Strategic report of tbe Board for the year ended 31 March 2025 (cont'd) Create a brilliant and sustainable organisation, fit for the future In a world of digital, environmentsl and social disn]ption we must be ready to change and adapt to fulfil our purpose, and as a business we're only as good as our people and that's why we want to create a great place to work. We reali5e that to achieve our ambitions we musi have financial strength and operational etyiciency, and that we have to manage our business to the highest standards. This will come through robust fmanciai management and system4 as well as seeking to potentially generate additional revenue that we can re-invest for the benefit of our customers. We seek to: Review our organisational design and capability to ensur¢ we have th¢ right people and ¢xpertise to deliv¢r our strat¢gy, managing and communicating Ghange well. Strengthen our employer brand and offer to retain great people and attract diverse new talent. Lead with our new values and create th¢ rlght culture where people can deliver their best work. We will create more opportunities for Golleagues to wntribute, f¢¢1 empowered, supported in personal and profr$$ional development and have their voic¢s heard. D¢liver organisational efficiency and operatlonal excellen¢¢ by m￿lmI$lng the benefits of new and existing technologies to improve our end-to-end processes. Optimisg our financial group slructyr¢ And identify opportunlties for fjjture growth through partnership or innovation, launching new effective services for our customers and Communities. Be a respected volce to grow our impact We believe that everyone has the right to a quality home and the opportunity to live in a safe and supportive community. that'5 why we will stand up and be heard when it romes to social housing. We want peoplc to understand the importance of the sector and we want to add our voice to future housing policy so that we can ensure the issues that really impa¢t on people's lives are addressed. We will promote a positive view of Clanmil, both locally 8nd regionally, to create both interest and demand in partnering with us or in becoming a custr)mer. This will be ￿hIeVed by: Creating strong, trusted and priKluctive relationships with new and existing stakeholders. Initiating challge, influence policy and be leaders within the housing sector to deliver our purpose. Powerfully communicating our new strate8y and brand so people understand who we are, what we do and how we add value to people's lives. Using the right communication chamiels to ¢tT¢¢tiv¢ly ¢nga8e our audien¢¢s gnd maximise our impacL sharing our successes beyond the housing sector. Cultivating new partnerships with service providers that are beneficial in helping our customers to live well, whilst also addressing fiiture soGietaJ challenges. Reach, connect and collaborate to strengthen communities We know that some communitles do not get the chance to thrive. We believe there are more ways in which we can support people and their communities beyond simply providing them with a home. We want to help make this a more shared place and w¢ know that shared communities hav¢ a l&sting positive impact on p¢ople's lives. We appT¢Giate the value in developing great partherships and we understand the importance of these in supporting our ¢ustom¢rs. We want to maximise thes¢ partnerships so that cuslom¢rs know Whe￿ to look for guidan¢¢, help and expertise. W¢ aim to: Focus our resources on the people who need most support, working closely with expert parthers to deliver more services that ommunities need. Commission a review of existing ¢ommunity development activity to identify the biggest challenges and OppOr￿nIties. detern]ining whether we lead, leave, collaborate or delegate. Contribute to building stable communities by supporting people to liv¢ well and keep their homes. We will achieve this through financial inclusion services, creatin8 Opportunities and by exploring new ways of taclding isolation in a post-COVID world. Support our existing shared wmmunities and deliver at least five more shared schemes that are wel¢oming to all and give people the choice of living alongside neighbours from many backgrounds and traditions. Raise environmental awareness by nurturing a Gommunity culture that values the environment, community landscapes and energy eifici¢ncy.

Clanmil Housing Association Limited Strategic report of the Board for the year ended 31 March 2025 (cont'd) Our Performance For the core busine￿ areas the Board has set a number of key pcrforniance indicators - these include rent arrears. voids, customer satisfaction, growth, maintenance repair times, staffturnoverand financial stability. Our perforniance is also assessed through anutnb of statutory inspection r¢gimes. and we are wmmitted to continuing to aGhiev¢ the highest standards wherc we can. We assess our perfornian¢e by how Satisfi￿ our customers are with the homes and Servic￿ we provide. We regularly seek feedback from the people who live in our homes on everything from repairs to neighbourhoods. In 2024-25, customer satisfaction was strongest in relation kn general repairs and maintenance <7￿kn) and the safety of home (760/0). Service Performance and Key Improvements: All comparable measures have seen improvements since 2023-24. si￿lfiCant increases in satisfaction were observed for handling anti- social behaviour (+4tr/0). neighbourhood contribution (+60/0), trust in Clanmil (+60/o). The most significant gains were achieved for listens and acts on feedback (+80/0) and recent repairs seNice (+13O/0). These in¢r¢&ses resulted in a modest 10/0 increase in overall satisfaction. suggesting that broader concerns may still be influencing customer sentiment. Overall satisfaction for 24125 wa5 67.040/0. We continue lo focus on the s¢ryi¢¢s that matter to our customers and are working with them to Improve satisfaction levels. The Group contlnues to grow, and efficiency savAn8s are reinvested where appropriats to improve existing servlces, d¢liv¢r additional services, maintsin and improve the condition and value of our homes as well as the delivery of new homes. We strive to operate cfficicntly and effectively, and outputs are monitored by th¢ Board who receive perforn)ance reports covering a variety of financial and non-fmancial perforn]ance infomiation. In challenging operating conditions, the Association achieved the following perforn)ance against its key targets for 2024/25: Perfomince Indieltor Gearing ratio Actual 2024125 350/ Target 2024125 Comment Gearing is calculated in line with new loan covenants as debt as a percentage of gross book value of propety. The Group was ￿11 com liant with loan covenants durin ear. Now calculated excluding major repairs. Better perforn]ancK than target. Largely due to significant interest received during the year which lowered net interest to be covered. The Group was fully com liant with interest cov¢r covenants durin Operating margin of 27.20/0 is better than budget which can be attributed to lower than anticipated salary costs as not ail bud eted sts were filled. Despite the ongoing imp￿( of the cost-of-living uisis on our customers and the increase in numbers of customers moving onto Universal Credit, predictive software helping to highlight customers who m need hel is stsrtin to realise benefits Perforniance improved on 2023124 levels. Interest cover 3.41 times 1.25 times Operating margin 27.20/0 23.90/0 Social Housing arrears including rent, ratss and service charges 7.5% 7.70A Voids as a per centage ssch Response maintenance repairs completed within timescale based on current completion of work orders up to 31103125 2.OVo 2.3Yo Internal target 85Yo We were disappointed by continued diifjculties in the delivery of our repairs service. We know just how important this service is for our Gustomers Repairs completion perfonnanGe fell to 71.6% and a major focus during the year w&$ procuring new response maintenance contractors and clearing the backlog of outstanding repairs. Customer transactional repair surveys were 85.10/ satisfied. This will continue to be an area of fo¢us throughout Clanmil in 2025126. Contract tsrget 90Yo Customer satisfaction 67.0 % 850/0 * All figures have been rounded up to one decimal place

Clanmil Housing Association Limited Strategie report of the Board for the year ended 31 March 2025 (cont'd) The management offinancial resources is critical to the Group's ability to meet its objectives. Whilst the registered Housing Association h&8 voluntary non-profit making status, th¢ generation of an annual surplus is vital to ensure the ongoing inv¢sth]ent in our existing homes and services, the delivery of new homes to play our part in alleviating the housing crisis in Northern IrelaDd, providing for longer terni maintenance obligations. to m¢¢t our wmmitments to lendcrs, and to gcnernlly ensure adequate protection against unforeseen circumstan(￿. The key strengths of the Group whi¢h enable its primary objectives to be achiev￿ are: A commitment to the highest standards of corporatc governance" A financial position which secures the ¢onfiden¢e of fimders, facilitating future investment and strategic growth opportunities: Professional and dedicated staff who are committed to the Group's objeGtives' and A proven ability to play its part in the delivery of the social housing development programme. Colleagues Our success is due to the hard work, commitsnent and professionalism of the people who make up Clanmil. We are very grateful to our highly motivated and engaged colleagues who are working tirelessly to deliver an improving service to our customers. They tum up every day with energy and enthusi&8m to do the right thing and we really V￿lle that. We have continued with colleague pulse surveys throughout the year to help us understand what is needed to make Clanmil an even better place to work. We are also very proud to have just re¢eived GOLD a¢creditation for Investors in People. The Group's total stsff Costs in¢r¢ased from £10.2m in 2023124 to £l1.5m in 2024125. As a percentage of tumov¢r staifing ¢osts Increased from 19.4V/o in 2023124 to 21.oo/o in 2024125. Sickness absence levels have increased from 3.44 % to 4.7￿A. Labour turnover has increased from 16.50/0 in 2023124 to 17.800h in Year ending Ma￿h 2025. Value for Money (V£M) Our aim is to utilise our &8SCts and resources a5 much as possible to meet the needs of existing and futhre customers. To do this we continue to work Collaboratively across Clanmil, harnessing the Innovation end ¢r¢ativity of our peopl¢, our ¢ustomers and stskeholders to deliver improvemenls through efficiency? eff￿tiV¢neSS and economy. There were 38 projects throughout th¢ year which we assessed as havin8 a value over £30,000 and th¢refore subject to a fijll t¢nder cxercise, the pre-tendcr eslimates provided Whe￿ exceeded by £1,073,199.00. This has primarily been attributed to actual tender Sts received for asset contracts There are a number of factors which has influenced this OUttu￿ mainly th¢ volatility of the current market with material cost increases and specifjcally within the responsc maintenance environment significant labour shortages - both of which have seen a rise in costs to deliver a response maintenance s¢rvice. 13 individual quotation exercises were undertaken this year (ie they were under £30,000 each), which ensured we received the best value for money in relation to a £159.192.00 saving based on the lowest and second lowest quotation received. Through the work of our Financial Inclusion Team we delivered strong positive social impacL whereby we: Assisted 1,335 customers with money advice: an increase of170/0 on 2023124. Helped them secure £3.8m in additional income, an increase from £3.6m in 2023124. Supported 105 customers to set up and run their homes by accessing discretionary support grants with an average award of £1.454 ea¢h. Engaged with Bryson Energy Fund to secur¢ £18.000 in electricity top-ups for custom¢rs. Work¢d with contractors to sKur¢ £23,460 in so¢ial value above statutory requirements: up from £7,500 in 2023124. We will continue to integrate Value for Money into our operating activitie5 with value defined from the perspective of our customers and the services we deliver.

Clanmil Housing Association Limited Strategic report of the Board for the year ended 31 March 2025 (cont'd) Deliverhng more soeigl houslng to address the housing need in Northern Ireland 2024125 saw housing fU￿11Y move up the agenda in Northern Ireland and rightfully become a strategic priority for the NI Executive. We welcomed the Housing Supply Strategy, a 15 year framework for the delivery of homes to meet Northem Ireland's current and future needs and the fact that more soclal, affordable and sustainable housing was one of nine priorities for making a real difference to people's lives An the Executive's Programme for Government (PFG) This confims what we in the housing sector have always known, a good home is vital for a good life. During the year we started cons1￿ctiOn on 259 new homes, bringing the total number of homes under construction at the end of the financial year to 752 representing an investment in Northern Ireland by Clanmil of £170m. Our handover target was impa¢*d by a number of issues across several schemes including delays with ststytory bodies and the continued impact of material cost increases and rising inflation. however we did take handover of 100 new homes and welcomed n¢w Clattmil customers. The D¢vclopment team continued to manage construction contracts robustly in line with contract temis We are also delighted to have been chosen by Belfast City Council as their slralegic portner for the delivery of a mixed tenure, mixed use sch¢m¢ in th¢ inuer northwest of th¢ ¢ity and we look forward to seeing our plans come to lif¢ in the years ahead. It is encouraging to have th¢ Nl Executive set a target of 5,850 new sustainabl¢ social homes by 2027 see inveslment in W&8tewater infrastructure and improvements to the planning system prioritised in the Programme for Government. We at Clanmil are looking forward to working with all partners to deliver homes on the scale needed to meke a real differenc¢ to people's lives. To achieve this, we plan to make our assets work harder, through increasing our gearing (which remains within the covenants granted by the lending institutions that have 5UPPOrted us), focusin8 on driving improvement on voids, investigating complementary income streams and improving operational effiGi¢ncy. We successfiilly launched a private placement for £IOOm in September 2022 complementing the renegotiation of £150m of existing borrowing facilities at more favourable rates in 2021122. We have £45m of cash and short-tenn deposits and £50m of agreed undrawn loan facilities available to assist in funding our growth strategy and meeting ongoing commitments. We have generated modest surpluses from diversification into housing related activities. The purpose of the div¢rsifi¢ation is to provide surpluses lo continue to subsidise new affordable housing. These diversified aclivities, albeit on a relatively small scale, are successfully operating in the market rental sector, commercial retail units and Management Agent services Provhdlng good quallty and efficlent servleeg to tenants During the year we spent £9.6m with third parties carying out repairs and improvements to our existing homes, replacing kitchens, bathrooms, new windows, redecoration, new heating and fire alarn) systems and processed 28,000 repair request& with 71.6 % bein8 completed within their timeframes, This was disappointing as we faced continued difficulties in the delivery of our repairs service. We know just how important this service is for our customers and a major focus during the year w&s procurin8 new respons¢ maintenance contractors and clearing the backlog of outstanding repairs. We continued to grow our in-house Rpairs team, who C8nied out 20% of our response repairs. So much work and effort has gone into improving this service by our teams and we are very grateful to our customers and colleagues for their patience and understanding We look forward to working with our new response maint¢nan¢e partners to provide a more efficient and reliable Service that m¢¢ts our cu5tomcrs' ne￿s. Customer service and ¢ngagement has remained a top priority for us and over the year we implemented the second phose of our Customer Services Centre, and we hope that this will m¢en that customer enquiries are resolved more efficiently. We also implemented new lettable standard4 standards of s¢rvi¢¢ and our Customer handbook to ensure both customers and colleagues are clear about the service5 we provide. We also IntrodU￿d a new Customer Home visit protocol, visiting around 1,300 customers in their homes during the year to get to know them bett¢r and to ensure that our services are meeting their individual needs. Th¢ rising cost of living continues to impact many of our customers and for some. bridging the gap betweeTh household inwme and the day-tfrday cost of running a home and raising a family was extremely difficult. During the year, our team supported 1,335 Customers through money and debt management adviw generatlng more than £3.8m in additional income for th¢m.

Clanmil Housing Association Limited Strategic report of the Board for the year ended 31 March 2024 (eont'd) Invesllng in our communities Clanmil is committed lo improving community cohesion and good relations by increasing the number of Shared Neighbourhoods across Northem Ireland. During the year wc Gontinued to deliver Good Relations Projects to strengthen relationships betw¢¢n our Customers and Communities within a five-mile radius in our current nine Shared Neighbourhood programme schemes in Banbridge, Belf&5t (Annadale), Cookstown, Crossgar, CaTriGkfergus, Downpatrick, Glenwhirry, Newtownabbey and Newcastle. The Cohesion team ar¢ currently working h￿d to promote further s¢hemes in Antrim and Crumlin and during the year we receiv approval to take forward three further shared housin8 schemes in magh￿felL Bangor and in Belfast's Titanic Quarter. Other value for money eon8lderatlons The Association achieved a lower than prior year operating margin of 27.2 % (2024 31.60/0). Even though turnover increased. the increase in operational costs outweighed this. We continue to monitor actively mitigate costs as far as possible. Envlronment We continue to focus on making exTSting homes as energy efficient as they can be, and our new Environmental Stratcgy 2024-2029 sets out our intent to bring all Clanmil homes to EPC rating C by 2030. This Strategy is our route map towards achieving net zero by 2050. It embeds environmental protection in all thal we do and includes a commitment that the heating systems in our homes will b¢ ¢lectric first. Our strategy has five goals: l. Design and build energy efficient homes. Creating sustainable places to live 2. Effectively mana8e our energy use and reduce our carbon output Invest in our existing homes to improve their en¢r8y efficiency. helping to minimise the irnpact of ￿¢1 povety on customers and ensure homes are safe, decent and free from dampness and mould 4. Improve our environmental management of waste and water and support biodiversity and habitat. Engage with our customers, collea8ues and partners to Info￿ them of our environmental management work and journey towards Sustainability and net zero Curntly 99.￿/0 of our stock meet Decent Homes standard. We are working to improve levels of thennal cornforL as a result 87.3% of our homes are already at EPC rating C. We began conversion of communal gas heating to individual electric heating. Our electricity Supply contra¢ts are all from green renewable tariffs. Over the year we have ¢ontlnued construction on our exemplar proj¢¢t at DeerparK Antrim to meeting EPC rating A. Our Clanmil Desi￿ Guide which ¢learly sets out our ambitions for our new homes so that we minimising the environmenta] impact of our construction activity and providin8 energy cffirient homes that are cost ¢￿￿tive for our customers. We remain focused on designing and building our new home5 on a fabric first basis to reducc ¢ner8y use and we will Gontinue to design and build all our new homes to EPC rating A. Details of Claftmil Energy Consumption and Emission Report for the period l April 2024 to 31 m?￿h 2025 were as follows:_ Enw eonsjmptionused to ￿lCulate emissions (KThX)'. Ga% LPG: Gasoa: 5.683.4 17 NIA 1.764 J08 124.586 3,014287 10,S86,598 Eleetiity. EJnis#)n fram eombuslxon of gas (Tr&02e) Emission from combustion of LPG O(b£02e) Emi55ion from combustion of beatinsoll.Ktt05ene (￿02e) Emission from consumption of heating ol￿a5017 OKsC02e) Emission from purchased eleetACity (￿￿02e) Emi55ion from busmess tra%"elin eompatty Ov¥￿ed￿"t￿"cjes (￿02¢) Emission from tsav¢lirtnort40Jnpiny owned vehIdes(k￿O2+y J,03 7 J94 IA 30.595 447,411 624.108 24.174 58.417 TOtalGr0￿(￿O?t) •.187 Intenyty rntios: Properties oThTre&. Eneov 5upph"es. 02¢ based on: Oi7tC02enwuse oTh¢d 6.65tC02e,'suppty 4.0 ItC02¢1£100.000

Clanmil Housing Assoeiation Limited Strategie report of the Board for the year ended 31 March 2025 (CODt'd) 10 Our business carbon footprint of 2,187 tonnes of C02 represents a IOO/o redu¢tion from the base year of 2019120. Figures are derived from the Energy Consumption Master Spreadsheet controlled by Clanmil Housing Association. containing Electricity, Natural Gas. LPG, Heating Oil consumption on a monthly b&sis sourced from invoices. Company vans mileage data obtained from Clanmil Housing. Non-company owned mileage data obtained from Clanmil Housing from staff mileage business mileage claims. For the year ahead 2025126 Our year ahead will again focus on listening and acting upon what our customers Are telling us to ensure we are tailoring our seryices that best mttt their needs. We will also continue to play our part in addressing Northem Ireland's continuing housing crisis by delivering more new homes. and ensuring our existing homes are saft, secure and comfortable. work hard to deliver services our ¢ustomers need and will continue our digital journey m&ximising the efficiencies we can achieve in the delivery of high-quality $¢rVi￿$. Rlsk Management Clanmil continues to manage risk in line with our Risk Management Policy, framework, and 8overnance structures. Responsibility for th¢ identification of risk at a strategic, directorate and operational l¢v¢l is ¢l¢arly defined, and risks are regularly &ssess¢d end reviewed. Key risks facing the Group are Gonsidered by the Board l Group Audit and Risk Committee and the Ex￿UtiVe Team Board on a quarterly basis and the Board adopted a ri5k-aware strategic approach. Our risk appetite statement is reviewed annually to ensure continued focus on the management of risk as it drives forward the delivery of its strategic ambitlons. It was fully reviewed and approved in February 2025. Perfonnance in the sector is generally affected by government policies and changing legislation, the impact of the regulatory regime, changes in demographic, political or economic conditions or environmental risks. Some of the major factors which may affext the Group over the next year and considered by our Board in March 2025 are: Ability to deliver a high standard of customer service (associated reputstional risks). Net zero carbonlsustainabilitylenvironmental commibnents. Cyber and dats security. Recruitsnenl and retention of the ri8ht people. Strategic Asset Management Impact of increased costs due to Contractor Perfornianc¢ Fire and building safety, including damp and mould. Data quality and ￿equa¢Y of ICT Systems Inability to deliver growth ambition du¢ to pressures associated with the Nl Budg¢t. Perforniance ID the year ended 31 March 2025 Overall, the number of prop¢rti¢s in￿48¢d. with 100 new homes handed over. These were partially offset by the loss of 4 hornes via the right to buy house sales scheme and 6 shaTed ownership homes, (where customers purchased the remaining ¢quity in their homes). Overall, the number of properti¢s increased from 5,888 to 5,980 (note 31). The Association's annual rcview of rental charges at April 2024 resulted in a 7.2% increase in the majority of rents. There were 752 homes under construthion by the Group at 31 March 2025. £53.4m was spent on housing properties additions and component replacement during the year (notes 14 and 17) partially funded by Housing Association Grant of£33.6m (note 15). Turnover for the Group increased by 4Vo from £52.5m in 2023124 to £54.5m. This was mainty due to rent increases. Group operating Costs increased by £3.8m to £39.7m and represent 72.80/0 of turnover (68.30/0 in 2023124). This was impactsd by inflationary pressures on maintenance costs, increased salary costs reflecting inflationary pressures as well as increased head counL

Clanmil HousRng Association Limited 11 Strategic report of the Board for the year ended 31 March 2025 (contyd) The surplus on ordinary activities for the Group was £10,3m. a decrease of £0.6m over 2023124 (as restated for capilali5ation of interest of £0.4m see note 38). This was partially offset by significant increase in interest receivable in period. Delays in the development programme were a direct consequence of the N.I. Executive budget uncertainty. To ensure best use of borrowings a portion was repurposed to 8¢nerdte interest income for the Group. Financing costs inrreased marginally from £6.5m (as restatsd) in 2023r24 to £6.9m. Loan balances were £232.3m (£204.8m in 2023ll4). Investment properties Comprising commercial premises to let and market rent residential propety were revalued at year end 31 March 2025. Values increased by £0.9m compared with a small decrease in value in 2023124 of £0.06m. Events after the balance sheet There were no post balance sheet events. The potential ongoing impact of the Current economic and political uncertainty is considered under Risk Management and expected perfomlance in 2024125 is outlined above. Expected performance in the year ending 31 March 2026 Notwithstanding th¢ ongoing economi¢ upheaval, the Group expects further growth in 2025126, as a result of the significant on- going development programme and the requirement to include inflationary incr¢as¢s in rental ch￿g¢S. Turnover is proj¢￿ed to increase by around 3.60/0 to approximately £56.5m. It is planned thai approximately 161 additional homes will be completed durlng the year bringing the totsl homes owied or managed to approximately 6.141 units. £4.Im of cxpendityre regarding ihe on-going programme ofmajor repairs and improvements to properties is anticipated in the year. The Group operates in a highly regulated environment whiGh can result in associated cost pressures and constraints on income streams. It will continue to develop a Cowordinated corporate approach to achieving efficiency targets in line with the Strategic Plan. Priorities have been set lo ¢nsure that effici¢noi¢s are gained without an adverse impart on service delivery or setvice user satisfaction. Flnanclal sustalnablllty The Group has a robust and compr¢hensive framework of longer-terni financial planning in place. The Boord regularly considers the longer-terni financial plan which cov¢rs a 40-year period. The plan includes sensitivity analysi5 and compares projected results to funders, covenants where applicable. To demonstrate the robusthess of the plan. and to inforni the Board of the potential risks associated with the financial plan, several scenario analyses are completed. The most recent plan was considered by the Board in March 2025. This incorporated stress testing on a multi-variate basls that ¢onsidered the potential downside from economic and business risks potentially arising. This demonstrated that the financial plan does not put undue pressure on the Group, and that through the adoption of plarnned mitigation strategies the Group can continue to operate within its covenant limits. By order of the Board G￿lf￿ C McTaggart Group Chl¢f Executlve and Company Secretary 26 June 2025

Clanmil Housing Association Limited 12 Report of the Board for the year ended 31 March 2025 The Board present their report and the audited fmancial ststements for the year ended 31 March 2025 of Clanmil Housing Association Limited {the"Association") and its subsidiaries (the "Group"). Board The Board is a voluntsry Committee who have responsibility for the strategic directio￿ generaI policy and management of the Group. The day-to-day management of operations is delegated to the Group Chief Executive and the Executive Team. Performance in the year ended 31 March 2025 and expected performanee in the year ended 31 Marcb 2026 The spxtions on perforniance In the year ¢nde4131 March 2025 and expected perfonnance in the year ended 31 Mar¢h 2026. are eontain¢d in the strategic reporl which forn)s part of this report. Treasury The Group's treasury management policy fa¢ilitst¢s th¢ effective management of cash flows, bO￿oW1n8$, investmcnts and the risks &8sociated with ih¢se activities. An update to the poli￿ was approved by the Board in February 2025. At 31 March 2025 the Association had loans outstanding of £232.3 million. compared with £204.8m at 31 March 2024. Short tenn investments and cash balances total £45.3m compared with £28.5m at 31 March 2024. Average net debt per unit was £3 Ik al 31 March 2025 (£30k 2023124) as 90 homes (net of disposals) were added in the y¢8r. The Group was fully compliant with loan covenants during the year. The Association's interest covcr ratio for the year of 3.41 times and the gearing ratio as at 31 Morch 2025 of 35.0¥o comfortably meet the AssoGialion's primary lender requirements. Responsibility for the management of interest rate risk and liquidity risk is with the Board. The Association finances its operalions through a combination of botrowing and the reinvestment of reserves. The amount of borrowings and its ternis are reviewed and detern)ined by the Board. The Group en8a8es specialist Treasury Mana8ement Advisors to &8sist in this process. Interest rate risk Exposur¢ to flu¢tuatin8 interest rates is managed by the Qomposition of a bal8n¢ed portfolio b¢tw¢en fixed rate and variable rate loans. Liquidlty rlsk The Group maintains a mixthre of long-tenn and short-terni loan finance that is designed to ensure there are sutTicient funds to achieve business objectives and to facilitate planned growth. As at 31 March 2025. the Group had agreed ts¢iliti¢s unused across a Dumber of Institutions of £50m, to assist in funding its growth strategy and m¢¢tin8 on8oin8 Commitments. Currency risk The Association and Group do not engage in ftireign currency transactions and so are not exposed to exchange risk. Regulatlon The Association's principal regulator is the Department for Communities (D￿). It is also regulated by the Charity Commission Northern Ireland (CCNI) and the Northern Ireland Housing Executive (NIHE) in its role as administrator of Supporting People fimding and Manager of th¢ Social Housing Development Programme.

Clanmil Housing Association Limited 13 Report of the Board for the year ended 31 March 2025 (contld) The Association complies with the Regulatory Standards. Based on the last Regulatory Framework rating received in relation lo 2022123, Dfc detennined that Clanmil Housing Association Limited met the Regulatory Standards for Governance, Finance and Consumer with the highest Rating l. Quality Management The quality of the Association's management systems is recognised through the Investors in People Gold accreditation awarded in May 2025, and the standards of the Regulation and Quality Improvement Authority. The Association also received during the year a bronze accreditation from Diversity Mark charting our pathway on Equality, Diversion and Inclusion. EnvironmentAI matterj The Group recognis¢s its cory)orate responsibility to carry out ils operatlons and developrnent programme whilst minimising enviTonmeDtal impacts and its intent is outlined in our new Environmental Strategy 2024 - 2029. The Board's continued aim is to comply with all applicable environmental le8islation, prevent pollution and reduce waste wher¢v¢r possible. Statement of the responslbllltles of the mernbers of the Board The Co-opcrative and Community Benefit Societies Act and registercd housin8 &8sociation legislation require the membeTS of the Board to prepare financial statements for each financial year whirh give a true and fair view of the state of the Association and Group's affairs and of its sury)lus or deficit for that period. In prcparing these statements thc Board is required to: Select suitable accountin8 policies and apply ihern consistently. Make judgements and estimates that arc reasonable and prudent: State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. and Prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the Association will ontinue to operate. The members of the Board are responsible for keeping proper accounting records which disclose with re&8onable accuracy at any time the fJnan¢ial position of the Association and Group and to enable them to ensure that the financial statements comply with the Co-operative and Community Benefit Societies Act (Northern Ireland) 1969 and the Re8iStered Housing Associations (Accounting Requirements) Order (Northern Ireland) 1993. They have general responsibility for the t8J(ing of re&80nable steps to safeguard th¢ ass¢ts of the Ass￿latiOn and to prevent and d¢tKt fraud and other irregul8rsties. Statement of disclosure of information to auditors So far as each of the members of the Board at the date of approval of these financial statements is aware: There is no relevant audit inforniation of which the Association and Group's auditor5 ar¢ Unaw￿¢, They hav¢ taken all the steps that they ought to have taken as members of the Board in order to make themselves awaT¢ of any relevant audit infonnation and to establish that the Association and Group's auditors arc aware of that infomiation. Internal Control The Board has overall responsibility for the Association and Group's intsrnal control systems and for reviewing th¢ effectivenes5 of these. Such systems can only Provide the Board with r￿￿onable, and not absolute, assurance against material misstatement or loss as they are designed to manage the risk of failure to a¢hieve business objectives rather than eliminate the risk completely.

Clanmil Housing Association Limited Report of the Board for the year ended 31 March 2025 (cont'd) 14 Audit The Board has established a Group Audit and Risk Committee with clearly defmed tenns of reference. The main functions of the Group Audit and Risk Committee are to control and review the external and internal audit functions, the internal control systems and monitor the perfornlance of the Association against the key business indicators. The Assoclation's internal auditors report directly to the Group Audit and Risk Committee on completion of each systems review and an annual summary report is produced by the internal auditors summarising the systems audit pmgrdmme each year. The provision of the external auditor's report to those Charged with Governance also provides some assurance through the year-end audit and the provision of an internal control report. Board and Executive Officers The m¢mbers of the Board and the Ex¢¢utive Officers of the Association are listed on page 2. In accordance with the Standing Orders, after a qualifying period Board members are invited to become shareholders and hold a Ily paid shaT¢ of £1 in the Association. Independent auditors The auditors, Sumer Auditco Nl, have indicated their willingness to continue in office, and a resolution proposing their reappointment will be proposed at the Annual General Meeting. By order of the Board C McTaggart Group Chief Exeeutlve and Company Secretsry 26th June 2025

Clanmil Housing Association Limited Independent auditors, report to the members of Clanmil Housing Association Limited 15 Report on the audit of the financial statements Opinion We have audited the financial Statements. included within the Annual Statement of Accounts ("the Annual Report"). which comprise.. the consolidated and association statements of financial position as at 31 March 2025. the consolidated and association statements of comprehensive income. the consolidated and association slatements of changes in reserves, and the consolidated cash flow statement for the year then ended. and the notes to the fmancial statements. which include a de5¢riPtion of the significant accounting policies. In our opinion, Clanmil Housing Association Limited's group financial statements and association financial statements ("the financial statements"): give a t￿e and fair view of the state of the group's and of the association'5 affairs as at 31 March 2025 and of the group's and association's surplus, and of the group's cash flows, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Slandards, comprising FRS 102"The Financial Reporting Standard applicable in the UK and Republic of Ireland" and applicable law). have been properly prepared in accordance with the Co-operative and Community Benefit Societies Act (Northern Ireland) 1969 and the Registered Housing Associations (Accounting Requirements) Order (Northern Ireland) 1993. Basis for opinion We conducted our audit in a¢cordan¢e with International Standards on Auditing (UK) ("ISAs (UK)") and applicable law. Our responsibilities under ISAS (UK) are further described in the Auditors. responsibilities for the audit of the financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We remained independent of the group and association in accordance with the ethical requirement5 that are relevant to our audit of the financial statements in the UK, which includes the FRC'S Ethical Standard and we have fillfilled our other ethical responsibilities in accordance with these requirements. Conclusions relating to going concern We hav¢ nothing to report in respect of the following matters in relation to which ISAS (UK) require us to report to you wh¢n: the board's use of the going concern basis of accounting in the preparation of the financial statements 15 not appropriate. or the board has not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the groups and association's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the fmancial statements are authorised for issue. However, because not all future events or conditions can be predicted, this statement is not a guarantee a5 to the groups and association's ability to continue as a going concern. Reporting on other information The other infonnation comprises all of the inforniation in the Annual Report other than the financial statements and our auditors, report thereon. The board is responsible for the other inforn]ation. Our opinion on the financial 5taternents does Thot cover the other information and, accordingly, we do not express an audit opinion or any forn] of assurance thereon. In connection with our audit of the financial statements. our responsibility IS to read the other infonnation and, in doing so, consider whether the other inforniation is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If we identify an apparent material inconsistency ormaterial misstaternent, we are required to perfonn procedures to conclude whether there is a material misstatement of the f￿anCIal statements or a material misstatement of the other infonnation. If. based on the work we have perforn]ed. we conclude that there is a material misstatement of this other inforniation, we are required to report that fact. We have nothing to report based on these responsibilities. Responsibilities for the fmancial statements And the audit Responsibilitie5 of the board for the financigl statements As explained more fully in the Stat¢m¢nt of the responsibilities of the members of the BoaTd of Management set out on pages 12 aDd 13, the Board is responsible for the preparation of the financial statements in accordance with the applicable framework and for being satisfied that they give a true and fair view. The Board 15 also responsible for such internal control as it detennines is necessary to enable the preparation of fmancial statements that are free from material misstatemenL whether due to fraud or error.

Clanmil Housing AssociatRon Limited Independent auditors, report to the members of Clanmil Housing AssociatRon Limited (continued) 16 In preparing the fll)ancial statements, the board is responsible for assessing the gryoup and association's ability to continue as a going concern, disclosing as applicable, Tnatters related to going concern and using the going concern basis of accounting unless the Board either intends to liquidate the group and association or to cease operations, or has no realistic alternative but to do so. Auditors, responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whetherthe financial statements as a whole are free from material misstatemenL whether due to fraud or error, and to issue an auditors, report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably b¢ expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. W¢ design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including frdud is detailed below: We considered the opportunities and incentives that may exist within the company for fraud and identified the greatest potential for fraud in the following areas: timing of recognition of income and posting of unusual journals and complex transactions. We discussed the risks with client management and designed audit procedures to test a sample of journals to confirni they were appropriate and reviewed areas of judgement for indicators of management bias to address these risks.. A fijrther description of our responsibilities for the audit of the financial statemenls is located on th¢ Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description fornls part of our auditors, r¢port. Use of this report This report, including the opinions, has been prepared for and only for the members as a body in accordance with section 43 of the Co- operative and Community Benefit Societies Act (Northern Ireland) 1969 and article 19 of The Housing (Northern Ireland) Order 1992 and for no other purpose. We do nol in giving these opinions, accept or assume responsibility for any other Purpose or to any other person to whom this Teport is shown OT into whose hand5 It may come save where expressly agreed by our prior consent in writing. Other required reporting Co-operative and Community Benefit Societies Act (Northern Ireland) 1969 exceptlon reporting Under the Cowoperative and Community Benefit Societies Act (Northern Ireland) 1969 we are required to report lo you if, in our opinion: a satisfactory system of control over transactions has not been maintained. or we have not received all the inforniation and explanations we require for our audit. or proper accounting records have not been kept by the association; or the association fmancial statements are not in agreement with the accounting records. We have no exceptions to report arising from this responsibility. •.- Quopl_; Brian Clerkin (Senior Statutory Auditor) for and on behalf of Sumer Auditco NI Statutory Auditor Glendinning House 6 Murray Street Belfast BTI 6DN 26th June 2025

ClanmRI Housing Association Limited 17 Consolidated statement of comprehensive income for the year ended 31 March 2025 2025 2024 (Restated) Note TUrn0￿r ratin 54,522J61 9,691.974 14,830J87 239,122 (192256) 2J67,607 (6052J04) (58,000) IOJ34,656 856J12 6.000 11.184.968 87,438,724 98,623,692 52.542,249 (35.916,953 16.625,296 1,330,754 (1,241,069) 707,556 {6.486,360) (54,(M)O) 10.881177 (60,820) (589,(M)O 10,231357 77.206.367 87.438,724 Costs Operating surplus Surplus arising from disposals of fi￿d assets Transferto disposal proceed5 fund Interest receivable and similar incon Interest payable and similar Charges Other finance (cost5yincome sUr￿￿s on ordingryllctiiitieg Revaluation of Invest[r￿nt Properties Actuarial ain/ loss in ￿ spect of Pension scheme Retained Sur￿￿$ for the finanei21 year Retained su lus brou ht forward Retsinedsur us carried forward io 12 13 17 33 All amounts above relate to continuing operations of the Group. Consolidated statement of changes in reserves for the year ended 31 March 2025 2025 2024 Surplus on ordinary activities previously reported Prior Year Adjustment S￿r￿U$ OD ordinary aetisities Movement in share capital Revaluation of Investment Properties Actuarial ainl loss) in res ect of Pension schcn Net addition to capital and reSC￿eS Opening total capital and rcs¢rves Cl(k8in totsl Cyd 'tsl and reseriES IOJ34,656 10,456,423 425,754 10082,177 (i) (60,820) (589,(M)O) 10232 J56 77,206,378 87,438,734 38 IOJ34,656 (2) 856J12 (6,000) 11,184,966 87,438,734 98,623,700 17 33 The notes on pages 22 to 51 forn] part of these financial statements.

Clanmil Housing Association Limited 18 Assoeiation statement of comprehensive income for the year ended 31 March 2025 2025 2024 (Restated) Turnover erating Costs Operating Surplus Surplus arising from disposal of fixed &8sets Transfer Éo disposal proceeds fimd Interest receivable and similar incon Interest payable and similar char8es Other financc costs Surplus on Ordlnary Aetlvltles Revaluation gaiti/(loss) on Jnvestment Properties Acmarial gal￿(10$$} in resp¢ct of PeThsioll schw Retalned Surplus for the finan¢lal year Retained SUTplus brougbt forward Retalned su lus carrf¢d fonvard 54.580,090 52,665.668 (39,749,703) (36,029,234) 14,830J87 16,636.434 239.122 1,330,754 (192,256) (1,241,069) 2,367,607 707,556 (6,852,204) (6,486,360) (58,000) {54,000) IOJ34,656 10,893,315 856,312 (60,820) (6.000) (589,000) 11,184,968 10,243,495 87.271,812 77,028,317 98,456,780 87,271,812 io 12 13 17 33 All amounts above relate to continuing operations of the Association. Association statement of changes in reserves for the year ended 31 March 2025 2025 2024 Surplus on ordinary activities previously reported Prior Year Adjustment Surplus on ordinary activities move￿￿nt in share capital Revaluation gainlooss) on investment properties Actuarial gain/(loss) in respect of Pension scheme Net addition to capital and reseryes Opening total capital and reseryes Closing total capital and reserves IOJ34,656 10,467,561 425,754 10,893J15 (i) (60,820) (589,IKXI) 10,243,494 77,028,328 87.271,822 38 10?34,656 (2) 856J12 (6,000) 11,184,966 87271122 98856,788 26 17 33 The notes on pages 22 to 51 forni part of these financial statements.

Clanmil Housing Association Limited 19 Consolidated statement of financial POSRtion as at 31 March 2025 2025 (Restated) Note Flxed&ss¢ts Housing properties - depreciated cost tnvestment Properties Other tangible fLYd assets Investments 14 17 16 18 622236,860 l8?77J39 2,167,965 20.085 642,802249 581,389,873 17,503,194 2,039.991 20.085 6(K).953,143 Current Assets Debtorts Investments Cash at bank and in hand 19 20 21 37,558,957 24326556 21,069,011 82,854,524 24,116,318 18,954,304 9.578.621 52,649,243 Creditors: onwunts falllllg dlle Thlthln one year {SOh88,907) (39,659,860) Net current ￿Sets Total &ssets less current1141Alltles 32,165,617 674,967,866 12 989,383 613.94 526 Credltors: amounts fa]Iillg (kne after more thAll ODe year Penstoll deflclt Net assets 23 (525,024,M) (575A68,166) 33 876,000 98 623 700 1,479,( 87.438,734 Ca￿t￿l and rtstnts Called up Share Gapit&l Revenue reserve TotAi fun(b 26 io 87,438 724 87,438,734 98,623,6 98,623,700 The financial statements on pages 17 to 51 were approved by the Board of Management on 26 June 2025 and were signed on its behalf by: M Mccann Vlce-chair of the BoArd K O'Neill Board Member C McT8ggart Group Chlef Executive and Company Secretary

Clanmil Housing Associatmon Limited 20 AssocRation statement of fmancial position as at 31 March 2025 2025 2024 (Restated) Note Fixedassets Housing properties - depreciated cost Investment Properties Other tangible fr¢d assets tnvestments 14 17 622336,860 18J77?39 2.167,965 25,087 642,807,251 581,389,873 17,503,194 1039,991 25,087 600,958.145 16 18 Current &ssets Debtors Investments 19 20 35,991A97 24326056 20,735,544 80,953097 21243,310 1&954,304 9,091,605 50,289,219 Cash at bank and in hand 21 Creditors: Amounts falling due Thithln one year (48,959,894) (37,471,750) Net eurrent wsets OlalAlltles) Total &ssets less current liatqlltles 31,993,703 674,800,954 12,817,469 613,775,614 Cre¢ltors: amounts falllng (kne after more than one year Pension thfieit (575A68,166) (525,024,792) 33 (876,000) 98,456,788 (1,479,0￿) 87,271.822 Net assets Caiwtal and reserns Calkd up Sha￿ Capital Revenue reserve io 98,456,780 98.456,788 87.271.812 87,271,822 Total funth The financial statements on pages 17 to 51 were approved by the Board of Management ¢)n 26th June 2025 and were signed on its beh￿r by: M M¢Cann Vl¢e-Chglr of the Board K Oryeill Board Member C McTaggart Group Chlef Executive and Company Secretary

Clanmil Housing Association Limited 21 Consolidated cash flow statement for the year ended 31 March 2025 2025 (R¢stated) Note NtteL4h inflowfrom o r%tin actiiiti¢s Cagh flowfrom In￿s￿DE aCti￿deS I￿rChaSe and development of housiJ)g properties Housing Association (kant and other grdnts Voluntary Purchase (hnt Re¢¢ipts from disposal of housing properties Purchase of othertangible assets Interest received ￿ett￿b usedin ftnwstln ¢d￿tIeS C&sh flowj from flnanelng actI￿deS New loans Loan principal repayments Allotment of shares 27 1SA39963 1&994.623 (50,910,146) (36,353,048) 30078318 17,694,612 98,131 435,216 682ffj75 2,354,653 (508354) 2,134.608 18,424,768 (253,899) 67A996 15,445 470 30,000000 35,(th,(NXJ (2¥18h63) (12,335,964) Interest paid Netc&%b usedln flngDcln A¢￿￿tIeS Net Incr¢g8¢ In c￿h andegsh ewI￿ellts Cash and cash equivalents at the beginning ofthe car C￿b and t￿b equI￿lents at the end of the ear (7,734,091) (6,651,947) 19.747,447 16.012,089 16,762ffj42 17,561,242 28J32,925 10,971,683 28129 45J95J67 28,531925 The notes on pages 22 to 51 forni part of these financial statements.

Clanmil Housing Association Limited 22 Notes to the finaneRal statements for the year ended 31 March 2025 General information The group and association's p)Incipal activity during the fmancial year was providing high quality, affordable homes for rent throughout Northern Ireland and to help facilitate home ownership for people who cannot afford to purchase a home outright. The group is registered under the Cfroperative and Community Benefit Societies Act (Northern Ireland) 1969 and domiciled in the UK. The address of the registered office is Northern Ivhig Hous< 3 Wwing StreeL Belfasl BTI 2DX. Statement of compllanee These financial $tst¢m¢nts of Clanmil Housing Association Limited have beM prepared on the going ¢onceTn basis in Compliance with United Kingdom A¢wunting Standards, including Financial Reporting Standard 102, "The Financial Reporting Slandard applicable in the United Kingdom and the Republic of Ireland" {"FRS 102") under the historical cost onvention. and in &wrdance with applicabl¢ a¢¢ounling standards in the United Kingdom and Stalemcnt of Recommended Practice for A￿oUntIng by Registered Social Landlords. The principal accounlin8 policies. which have been applied consistently throughout the year, are set out below. The presentation of the financial stst¢ments complies with the Registered Housing AssoGiations (Accountin8 Requir¢m¢nts) Ord¢r (North¢rn Ir¢land) 1993. Summary of sigDificant accounting policies The principal accounting polieies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years pr¢sented, unless otherwise stated. The company has adopted FRS 102 in these fmancial ststements. The significant accounting policies adopted by the group are as follows: Basls of preparatlon of flDanelal stltements These consolidated and separate financial statements arc prepared on a going concern basis, under the historical cost convention, except for Ihe revaluation of investrnent properties. The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the group and association accounting policies. The areas involving a higher degree of judgement or complexity. or areas where &8sumptions and eslimates are significant to the financial statements, are disclosed in not¢ 4. Bggls ofcon8olldation The wup Statement of comprehensive income account and Statement of financial position include the financial statements of the group and its subsidi8ry undertakings made up to 31 March 2025. Intra 8roup transactions, any unrealised profitslloss¢s arising and intercompany balan¢os are eliminated fully on consolidation. Forelgn ¢urren¢les Trsnsactions and non-moneiary assets, denominated in foreign currencies, are translated at the exchange rate at the date of th¢ transaction. Monetary assets and liabilitie5 denomTDated in foreign currencies are retranslated at the rate of exchange rulin8 at the statement of fAnan¢ial position date or the ¢xGhange rate of a related foreign exchange contract where relevant. The resulting exchange gains or losses are dealt with in th¢ inwme and expenditure accounL Revenue recogllltlon Revenue is measured at the fair value ofthe consideration ￿e1Ved or receivable and represents the amount receivable for goods supplied or Services rendereiL net of returns dis¢ounts and rebates allowed by the group and aswiation and value adde41 taxes. The group and association bascs its estimate of returns on historical results, taking into consideration the type of customer, the type of transaction and the specifics of ¢ach eTrang¢ment. Where the consideration re¢eivable in cash and cash equivalents is deferred and the arrangement constitutes a financing transactio￿ the fair value of the consideration is measured at the present value of all filth receipts using the imputed rate of interest. The group and association recognises revenue when (a) the significant risks and rewards of ownership have been transferred to the buyer: (b) the group and association retains no wntinuing involvement or control over the goods. (c) the amount of revenue can be measured reliably. (d) it is probable that future economic benefits will flow through the group and association and (e) when the specifi¢ ￿lteria

Clanmil Housing Association Limited 23 Notes to the financial statements for the year ended 31 March 2025 Sumrnary of significant accounting policies (continued) relating to each of the group and association's sales Ghann¢ls have been m¢L &$ d¢S￿1b¢d below and in note 5. i) Net rental Ineome Income includes rent and service charge income arisin8 from the provision of housing accommodation and the amortisation of Housing Association Grant. Income is recognised in the period to which it relates. ii) Flrst trydncbe equlty sales Proceeds from the first tranche disposals are accounted for as turnover in the Statement of comprehensive income in the period in which the disposal occurs. 111) Other In¢ome Other income is recognised in the Statement of comprehensive income and retained ¢arnings when the t¢rn]s of revenue recognition have be¢n m¢L Employee beDeflts The group provides a range of benefits to employees, including paid holiday arrangements and defmed contribution pension plans. i) Short terni benents Short tenn benefits, including holiday pay and other similar non-monetary benefits, are reeognised as an expense in the period in which the benefit is received. Denned eontrlbution penslon plan8 The group operates a defined contribution scheme for certaln employees. A defjned Contribution plan is a pension plan under which the company pays f￿ed contributions inlo a separate entlty. Once the contributions have been paid th¢ group has no further payment obligations. Th¢ ¢ontributions are re¢o8nised as an expense when they are due. Amounts not paid are shown in accruals in the ststement of fmancial position. The &ssets of the plan ar¢ held separately from the group in independently administered fimds. Ill) Multkemployer penslon plwn The Group operates a defined benefit scheme through the Social Housing Pension Scheme (SHPS). From the year ¢nded 31 March 2019, it was possible for the first time for the Group to account for the plan as a defined benefit plan. It previously accounted for the plan as a d¢fined contribution schem¢. Similar to the year end 31 March 2024, the assets and liabilities relating to the defined benefit plan have been recognised in the financial statements as at 31 March 2025 (note 33). The assets of SHPS are held separately from those of the Group. The Group has adopted section 28 of FRS 102 in these fAnancial statements. Pension scheme assets are measured using rna￿et value. Pension scheme liabilitles are measures using the projected unit method and discounted at the Current rat¢ of return on a high-quality corporate bond of equivalent terni to the liability. The increasc in the present value of the liabilities of the Association'5 defined pension scheme arising from the employee service in the year is charged lo operating surplus. The net inter¢st on the deficit or SUTplus is included in other finance Costs. Actuarial gains and losses ar¢ recognised in the statement of totsl recognised surpluse5 aDd deficits. fv) Intsrest re¢elvable And interest P4y4ble There was a change in accounting poli¢y in the current year to LY4Pitalise interest on development projects as dewibed below. This change has been exerGi5cd as it more a¢curately reflects the cost of bringing these assets into use. Interest is capitalised on borrowings to finance the development of qualifying assets to the extent that it a¢¢rues in respeot of the period of development if it represents:

Clanmil Housing Association Limited 24 Notes to the finaneial statements for the year ended 31 March 2025 (a) Interest on botrowing specifically financing the development programme after deduction of related grants received in advance. or (b) A fair amount of interest on borrowings of the association as a whole after deduction of Housing Association Grant (HAG) received in advance to the extent that they can be deemed to be financing the development programme. A qualifying asset is one which necessarily takes a substantial period of time to get ready for its intended use or sale. Other interest payable is charged to income and expenditure in the year. Other interest receivable and similar income include interest recelvable on fimds invested. Interest income and interest payabl¢ are recognised in Incorne and Expenditure Account as they accNe, using th¢ effective interest method. Tanglble flxed 48sets Hou$lDg prop¢rtles The group operates a full CoM￿nent ￿cOUntIng policy in relation to the capitalisation and depreciation of its compl¢t¢d housing stock. Otber houslng propertles For housing acquired by the Asso¢iation to provide a supply of affordable homes on an equity sharin8 basis, sales proceeds are accounted for in the Statement of cornprehensiv¢ income account with proceeds recorded in turnover and costs in cost of sales in accordance wlth SORP. Thc Association's share of the costs of devcloping the propety are disclosed in tangibl¢ fixed assets housing properties (note 14). Investment Propertks Commercial properties and residential properties for market rent are held at rnarket valuation in the Statement of Financial Position {nok 17). The aggregate surplus or d¢fA¢it arisin8 from any movement in year end valuation is accounted for in the Statement of Comprehensive Income. Other flxed osstts Other fixed assets are stated at cost. Ho￿￿￿% Asso¢latloD Grant and other grants In line wilh the requirements of th¢ Housing SORP. Housing Association Grant and other grants received as a contribution towards the Capital costs of housing properties of the A￿OCiatiOn are included as 'Cr¢ditors: arnounts falling due after mor¢ than one year, and 'Creditors: grnounts falling due within onc ye￿. rather than set against the capital cost and are amortised to the Statement of comprehensive in¢ome as per the turnover policy above. Housing Association Grant received against revenue expenditure is credited to revenue in the period in which the reknt¢d expenditure is charge4. Such grents, although treated as a grant for ￿Counting Purposes, may be repayable under certain circumstances, primarily following the sale of housing propety, but any amount repayable would be restricted to the net proceeds of the sale. DepreciYdtioD and Impydirnient Houslng propertfies Housing properties are split between land, structhre and major components which require periodic replacement. ReplarRmcnt

Clanmil Housing Association LimRted 2S Notes to the financial statements for the year ended 31 March 2025 or refurbtshment of such major components is capitslised and depreciated overthe estimated useful life which has been set tsking into account professional guidance and the group's asset management strategy. In detennining the remaining usetsl lives for the housing stock, the group has taken account of views provid¢d by both intemal and external professional sources. Freehold land is not subject to depreciation. Depreciation is charged so as to write down the cost or valuation of the freehold housing properties and major components on a straight-line basis over their expected use economic lives. Major components are treated as separable assets and depreciated over their expected useful economi¢ lives or the lives of the structure to which they relate, if shorter, over the following periods: Main fabric Roof structure and coverings Windows and external doors Heating system boilers Kitchens Bathrooms Mechanical systems (heatin8, ventilation* plumblng) Electri¢s Lift 100 years 70 y¢ars 30 y¢ars 15 years 20 years 30 years 30 years 40 years 20 y&qrs Housing assets are depreciated in the month of ￿quiSItion, or in the case of a larger projec¢ from the month of cornplction. Where there is evidence of impairnient, the fixed assets are written down to the recoverable amount and any write down would be charged to operating surplus. Other t2Dglble fixed assets Depreciation of other fixed assets 15 charged on a straight-line basis over the estimated useful economic lives of the 85sets at the following annual rates: Freehold buildings Office fi]rniture and fittings Fixed asset property Motor vehicl¢s 2Yo on cost IOO/o to 20Yo on Gost IOO/ts on cost 250/0 on cost Subyequent addltlons and major components Subsequent costs, including major inspections, are included in the assets carying amount or re¢o8nised as a separate asseL as appropriate. only when it is probable that economic benefits associated with the item will flow to the group and the cost can be measured reliably. The c￿]llg amount of any replaced component is derecognised. Repairs, maintenance and minor inspection costs are expensed as in¢urred. Derecognltlon Tangible assets are derecognised on disposal or when no fvture econornic benefits expected. On disposal Ihe difference between the net disposal proceeds and the ¢￿Ing amount is recognised in the Statsment of comprehensive income. Leased ass¢ts At inception the group assesses agreements that transfer the right to use assets. The assessment considers whether the arrangement is, or contains, a lease based on the substanr¢ of the arrangement. Operating leased assets Leases that do not transfer all the risks and rewards of ompnership are classified as operating leases. Payments under operating

Clanmil Housing Association Limited Notes to the financial statements for the year ended 31 March 2025 leases are charged to the Statement of comprehensive income on a straight-line basis over the period of the lease. Cash and ¢gsh ¢qulvalents Cash and cash equivalents include cash in hand, d¢posits held at call with banks, other short-terni highly liquid inveslments with original maturities of one month or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Current asset finvestments Current asset investments are investments in short-tern] deposits with an original maturity bett¥een one and twelve months. Investment In sub8ldlary compaDy Investment in a Subsidiary company is held at cost less accumulated impairnient losses. Impalrment of non-fln2ncial Assets At each Statement of financlal positlon date non-financial assets not carried at fair value are assessed to determine whether there is an indication that the asset (or asset's cash gcncrating unit) may be impaired. If there is such an indication the recoverable amount of the asset (or asset's cash generating unit) is compared to the carrying amount of the asset (or asset's cash generating unit). The recoverable amount of the asset (or asset's cash generoting unit) is the higher of the fair value less costs to sell and value in use. Value in use 15 defined as the present value of the future c&8h flows before interest and lax obtainable &$ a result of the asset's (or asset's cash generating unit) continued use. These cash flows discounted using a pre-t&x discount rate that rcpr¢scnts the Current market risk-free rate and the risks inherent in the assets. If the recoverable amount of the asset (or asset's cash generating unit) is estimated to be lower than the carrying amounL the carrying amount is reduced to its recoverable amount. An impairnient loss is recognised in the Statement of comprehensive income and retained earnings. unless the asset has been revalued when the emount is recognised in other comprehensive income to the extent of any previously recognised revaluation. Thereafter any excess is reco8nis¢d in the Statement of comprehensive income and relaine4 earnin88. If an impairnient loss is subsequently reversed. the Carrying amount of the asset (or asset's Cash generating unit) is increased to the revised estimate of its recoverable amoun¢ but only to the extentthat the revised carrying amount doe5 not exceed the carrying amount that would have been det¢nnined (net of depreciation or arnortisation) had no impairnient Ios5 been rerognis¢d in prior periods. A reversal of an irnpainnent loss is recognised in the Ststement of comprehensive income and retained earnin88. Provisions Provisions are recognised when the company has a present legal or constructive obligation as a result of past events. it is probable that an outflow of resources will be requirtd to settle the obligation. and the amount of the obligations can be eslimated reliably. whe￿ there are a number of similar obligations, the likelihood that an outflow will be required in settlement is deterniined by considerlng the cl&8s of obligations as a whole. A provision is recognised even ifthe likelihood of an outflow with respect to any one item included in the same class of obligations may be small. Provisions are measured al the present value of the expenditures expected to be required to settle the obligation usin8 a prc-tsx rate that reflects current market assessments of the time value of money 8nd the risks specific to the obligation. The increase in the provision due to passage of time is recogrnised as a finance cosL ii) Contlngen¢les Contingent liabilities, arising as a result ofpast events. are not re¢ognised when (i) it is not probable that there will be an oufflow of resources OT that the amount cannot be reliably measured at the reporting date or (li) when the existence will be confinned by the occurrence or non-occurrence of uncertain future events not wholly within the company's ¢ontrol. Contingent liabilities are dis¢losed in tbe financial statements unless the probability of an oufflow of resources is remote.

Clanmil Housing Association Limited 27 Notes to the financial statements for the year ended 31 March 2025 FID9ncial Instruments The group has Ghosen to adopt Sections I l and 12 of FRS 102 in respect of financial instruments. Flnanelal assets Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction PTiCe. unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value of the firture receipts di8￿unted at a market rate of interest. Such assets are subsequently carried at amortised ¢o$t using the effective interest method. At the end of ¢￿h reporting period financial ass¢ts measured at amortiscd cost are &8S¢S5cd for objective evidence of impairment. If an asset is impaired the impainnent loss is th¢ difference between the carrying amount and the present value of th¢ estimaied 95h flows discountcd at th¢ asset's original ¢ffective interest rate. The impairment loss is r¢cognised in Statement of comprehensiv¢ income and retained eamin8S. If there is a decrease in the impalrnlent loss arising from an event owirring after the impainnent was recognlsed, the impairment is reversed. The reversal is su¢h that the current ¢anying amount does not exceed what the carrying amount would have been had the impaimient not previously been re¢o8niscd. The impairn]ent reversal is r¢cogni5ed in Statement of comprehensive income and relained earning5. Financial &ssets Hre derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, (b) substantially all the risk5 and Tewards of the owneTship of the asset are transferred to another party or. (c) despite having retained some significant risks and rewards of oN￿erShIp, Control of the asset has been transferred to another paty who has the praclical ability to unTlaterally sell the asset to an unrelated third paty without imposing addition￿ restrictions. Other financial as5et4 including investments in ¢quity instruments which are not subsidiaries, &ssociates or joint ventures. are initially measured at fair value. which is nornially the transaction price. Such &8sets are subsequently carried at fair value and the changes in fair value are recognised in the Statement of comprehensive income and relained eamings, except that inveslments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impainnent. ii) Flnanclal liAbllltle5 B&qic financlal liabilities, including trade and other payables. bank loans and loans from f¢llow group comp8ni¢s. initially recognised al transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at thc present value of the fvture receipts discounted at a market fdte of int¢rest. Debt instNments are subsequently carried at amortised cost, using the effective interest rat¢ method. Fees paid on the establishment of lo&n facilities are recognised as transaction costs of the loan to the extent that it is probabl¢ that some or all of the facility will be drawn down. In this ca5¢, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitslised as a pre-payrnent for liquidity services and amortis¢d over the period of the facility to which it relates. Trade payables are obligations to pay for 8oods or service5 that have been aquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented &s non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortise4 st using the effective interest method. Dtsposal proceeds fund The net surplus¢s, after loan repayments, that arise from the sale of property to tsnants under tbe voluntary purchase grant arrangements instituted by the Department for Communities can be utilised by the Association (note 10). Ifthe surpluses are not used within two years of rer¢ipL they may be payable in part or in ￿11 to theDepartment for Communities.

Clanmil Housing Association Limited 28 Notes to the financial statements for the year ended 31 Mareh 2025 Restrlcted fund Under thc tenns of the Supporting People Funding Agreement (Schedule 8, paragraph 4) Supporting People fi]nding must be identified &s a Restricted Fund. Income and expenditure relating to Supporting People h&$ been denoted &$ restricted (note 36). Supporting People reserves, if appli¢able, are held separately and denoted as Restricted Funds. Any deficit is offset against a general reserve. Critical accounting judgements aud estimation uncertainty Estimates and judgements made An the process of preparing the Group and Association financial statements are continually evaluated and are b&8ed on historical experience and other factor4 including expectations of future events that are believed to be reasonable under the circumstances. {a) Crldcal Judgemtnt In applylng the entity's aeeountlng pollcles There are no ¢riti¢al judgements in applying the entity's accounting poli¢ies. {b) Crltlcal aeeountlng ¢stlmat¢s and assumptlons The Board of Management makes estimates and assumptions concerning the fubJr¢ in the PToce5s of preparing the Group and Asso¢iaÉion financial statements. The estimates and assumptions ihat have a significant risk of Causing a material adjustment to the carrying amount5 of assets and liabilities within the next fmancial year are addressed below. Usefyl economic lives of houslngproper¢ies The annual depreciation on housing properties is sensitive to changes in the estimated useful economic lives and residual values of the assets. The usefiil economic lives and residual values are reviewed annually. They are amended when necessary to reflect current estimates, based on future investsnents, economic utilisation and the physical condition of the assets. See note 14 for the carryin8 amount of housing properties and note 3 for the usefvl economic lives for each component of housing prop¢rty. Ther¢ are no other oritical a¢wuntin8 estimates and assumptions. Analysis of turnover Turnover and results relate to the group's main activities which are &qrried out in the United Kingdom. Turnover represents rental and service charge incorne and residential charges for housing with care, net of voids. It also includes first tranche equity share sales, amortisation of grants, income arising on the lease of a property to a related company, services provided to other Housing Associations and special needs management allowance (interim protection) received for the provision of housing with care. Operating costs Group 2025 Assoeiadon 2025 2024 Direct Costs 31.(H8.449 &643J25 39,691,974 29.153J03 6,763,650 35,916,953 31220,111 8￿29592 39,749,703 29,528.767 6.5(K),467 36,029,234 Administrdlive Ewenses

Clanmij Housing AssocRation Limited 29 Notes to the financial statements for the year ended 31 March 2025 Operating surplus Group 2025 Assocladon 2025 2(f24 This is stated after charging Staff Q)sts (Note 8) Depreciation A￿)rtiSation of (kant Release of Capital (hnt Auditors, reninerdtion audit services - non audit services I1￿01357 IOA90ffi21 {7,770984) (818280) 10,213,558 10270,0gM) (8,691,425) (1361,807) 11¥01257 IOh90ffj21 (7,770,984) (818380) 10213,558 10,25&951 (&691,425) (1361.807) 49000 4,020 32J20 40300 2020 24,120 Employee Information Group 2025 socl8lion 2025 Stsff ¢osts Wages and sajarfes Social $￿UritY costs (hh¢r pension costs 8,967063 821,954 1,711,440 I IAOI357 7,977,775 699,835 1,535,948 10213,558 8967,863 821954 I,711,440 IIJOI357 7.977,775 69Y.835 1,535,948 10213,558 A￿r￿ge m(mthly D￿M￿r of ￿r5￿￿ entyloyed thrlng the flnwelal year lry AdnMistration 174 165 174 165 SchenK COaordinat0￿ and ancillary staff loo IC4 loo 104 Supported Housing 66 61 66 61 340 330 340 330

Clanmil Housing Association Limited 30 Notes to the financial statements for the year ended 31 March 2025 Executive team's emoluments The rennlnerntion ofthe ManagcwKnt Teamofthe Association during the ycarwas: (*oup 2025 so¢ladon 2025 2024 Aggregate ermIu￿rnts Pension contnl)utions 701321 176J19 877,640 645,980 167,797 813.777 701,321 176,319 877,640 645,980 167,7YI 813,777 The erolu￿Cnt$ to the bi8h¢st Paid manage￿£ll£ T¢aMr￿￿￿er{cUmtIY included within tbe abovc table) are as follows: Ikoup 2025 Assocladon 2025 2024 Aggregate ew1u￿r￿tS 157J51 147,255 157J51 147,255 The number of M￿agement team members to whom emoluments weff paid during the year falls within caGh ofth¢ following bands: Croup 2025 A880CiatloD 2025 Salary Band. £155,(M)O- £lfKI,000 £15￿￿o-£15S,O £145,C(Ki- £15Q(￿l £I40,(￿- £145,W) £135,(KKI- £140,(Kx) £130,IJNJ- £135,1)Xi £125,(NN)- £130,( £120.(KM)- £125.(MX) £115,IXIO- £12Q(XJ) £I10,(KJO- £115,0(KJ £105.OW- £110,000 £iW,(KKi- £105.0 £95,(KXJ- £100,( £9￿,(th- £95,[ £85,(m- £gM),( Total Members of the Board serve in a voluntsry capacity, and none were in receipt of emoluments during the year. The Board and Committee members were reimburs¢d for expenses totalling £5,626 during the year (2024: £2,714).

ClaDmil Housing Association Limited 31 Notes to the financial statements for the year ended 31 March 2025 10 Transfer to disposal proceeds fund Asswlatlon 2025 2025 21)24 Proceeds oft'disposal Allowable costs net of grant Transfer to disposals proG¢¢ds fi]nd Utilisation of disposal proceeds fjjnd Net change in disposal proceeds fvnd 431,000 (238,744) 192,256 1338IW43) (3,088,787) 2,155,(KK) (913,931) 1,241,( (623,275) 617,794 431JlOO (238,744) 192J56 (3281,043) (3,088,787} 2,155,(MX) (913,931) 1241,1)69 (623,275) 617,794 Balance of disposals proceeds fund is in¢luded in creditors see notes 22 and 23 11 Interest receivable and similar Income Group 2025 As8o¢latlon 2025 2024 2024 2a67,607 707,556 2J67,607 707,556 12 Interest payable and slmilar charges Group 2025 As$ociv4tlon 2025 2024 (Reststed) 2024 (Restatcd) Housing Propety Loans Bank Interest and charges 6,683,481 168,723 6,852304 6,343,109 143,251 6,486,360 683,481 168,723 6,852204 6,343,109 143,251 6,486,360 13 Other finance costs Group 2025 Assocl8don 2025 (kher fmance costs aTi5ing on pension sche￿￿ 580100 58,000 54.(KK)

ClanmRI Housing Association Limited 32 Notes to the financial statements for the year ended 31 March 2025 14 Fixed Assets - Housing Properties So¢i41 Housing Sotlgl Housing ProFrties Held Fro￿rtieS unthr ror Ltttings construedo 2125 2025 Equltysbare Prottrtie5 Held for Lettln% 2025 GroupADdknfjOcl￿￿ 21125 Cost At l Apnl 2024 Additions - Schenrs Coll4)leted Additions - C4Pitth¢d Nanncd Mailltenan¢¢ Additions -Wo￿]ll Progr¢s5 osats 638.641621 25.641,583 3.51&781 372TI.630 (25.641,583) 2,587.661 20.448 678,507,912 2Q448 3,518,781 50,227,$83 13.416.417) 50227,8 (3.131.885 (284.532 At3A ￿rth1O25 664ffj71.1110 6l,863930 2J23J77 728058,607 Dewe¢lallon At l Ap￿2024 arge forihe year 196,981.365) (10,06&7gl) 598,798 106.451 64 (136,675) (41.544) (97,11&040) (10,IIOJ41} 6(kS.634 106ffj21.747 Ai 31 Mar¢b 2025 170 83 Net wlue At31 MArch 2025 At31 l%l&rch 2024 Net bxl( gmount¢omwl$e$: TrttholdwoFrty tA￿ leosthold 558 541,661,2S6 61 63,930 37,277.630 2 133,194 2.4SO.987 622236J60 581 J89.873 32fi9)8.283 231311453 558 219.736 61.863,930 221.139 1.932.055 2.153 194 388.993,352 233.243 508 622236,860 61.863,930 Net book a[￿Unt colljprises,. Conwkted schellrs erties undercon5truction 55&219.736 1153.194 500271929 61.863 930 022 36 60 61.863.930 61 S58319 736 2 153 194 lknrig th¢ yeor, £693.677 of inlerest costs were ¢apitalised in relaiion to houstiig properties und¢r con5tNctiou (2024,, £425.754)

Clanmil Housing Association Limited Notes to the financial statements for the year ended 31 March 2025 15 Tangible fixed assets - Housing Association and other grants Social Hovslng Soelal Houslng Pro￿rtieS Held Pro￿rtieS under for Ltltings coDstru¢don 2025 2025 Group *ndAssocladon 2025 Housing Assocladon Andothey grgnts At l April 21)24 (38A48&610) (17,204265) (403,692,875) Additions - Schem¢s Conwleted Additions - Capitalis¢d Planned Maint¢nance Additions Work in Pro8r¢ss Dis osals At 3111(arch 2025 (5,9)7,735) 5,SYI,735 (33,086,IJH) (33,08A(K)4) 834,475 435944804 834,475 Sl870 391 44292 34 Awordsadon At l April 2024 Charge for the year osa]s At31 Mar¢b 2025 75,194,718 7,770,984 363J62 40 75,194,718 7,770,984 363,362 02 40 Dotes 22123 82 Net IN)ok ￿Ille At31 Mareb 2025 At31 Mar¢h2024 noles 22123 notes 22123 309,049J30 311293 892 44 17 353342,064 32 04.26

ClanmRI Housing Association Limited 34 Notes to the financial statements for the year ended 31 March 2025 16 Other tangible fixed assets Freebold Iwlldings Office furniture and equipllent Assotl*don At l Apiil 2024 Additions osa]s At31 March 2025 2,247,180 9.533 3,320,217 498,721 1517202 5,567J97 508,254 1517,202 58849 Dewecladon At l Apnl 2024 (large fory¢ar OS8b At31 MArch 2025 (L263.371) (31,916) (2,264.035) (348,364) (3.527.406) (380,280) 1517,202 90,484 1,295,287 1.095,197 Net knk Amount At31 March 2025 At l A Til 2024 961426 1206.539 1056 182 2 167,965 2039991

Clanmil Housing Association Limited 35 Notes to the financial statements for the year ended 31 March 2025 17 Investment Property Conmi¢rdaV PrO￿rtIeS Held for IKtting 2025 Assoelgtlon 2025 Cost or wluation At l April 2024 Planned Mtce 8dditions Revaluation ain at 315t March 2025 17,503,194 17,833 856312 17,503,194 17.833 856J12 A131 March 2025 18J77?39 18377J39 The valuation of investment properties held for letting was carried out at 31 Mar¢h 2025 and is bas¢d on their market value as at that dats. The valuations across the Group were carried out by CBRE Limited, a finn of RJCS registered valuers in acrordance with Royal Instituts of Chartered Survcyors ("RICS") Valuation - Global Standards and the LfK national supplement using qualified chartered surveyors who had suificient current I￿al and national knowledge of the particular market, and Skills and understanding to undertake the valuation cornpetently. Investment properties under constru¢lion are valued at cost. The companies have adopted the Provisions under section J6.1 and 16.2 of FRS 102 in relation to the revaluation of their investment properties (fair value movements being taken to the Statement of Comprehensive Income). On consolidation of the Group's housing propety values, any unrealised sutpluses deriving from inter-wup property sales are removed. 18 Investments Grnup 2025 Cost At l April 2024 20,085 At 31 MArch 2025 20.085 The group own5 an investment in shar¢ capital in MORHOMES PLC. a cornpany registered in England and Wales. The company's rcgistercd address is the 8th Floor, 71 Queen Victoria Str¢¢L London. Greater London. EC4V 4AY. The mpany's principal activity is financial int¢rniediation. Assoclotlon 2025 Cost At l April 2024 25,087 At 31 March 2025 25.087

Clanmil Housing Association Limited 36 Notes to the finallcial statements for the year ended 31 March 2025 As well as the Group investmcnts listed above the investment represents the Association's holding in wholly owned subsidiary companies, (i) Clanrnil Properties Limited, (li) Milbreen Limited and {iii) Clanmil Developments Limited. The registered addresses of these companies are Northern Whig House, 3 Waring Street, Belfast, BTI 2DX. The principal activities of these companies are (i) the management of commercial propety rentals and the provision of services to housing associations and property management companies (li) domiant company and (iii) the provision of propety development services. In addition, we hold 85 shares in management companies in which the association has beneficial interests in properties. 19 Debtors Asao¢l•don 2025 2025 2024 2N Rentkl tkbtors &oss - Tcrhni¢al Rental D¢btOT5 (ko$s -Non Tc¢hnicai Provision for Bad Lkbts Net RentHI includ t¢5 service ch Other Debtor5 PrepaY￿ENtS and accru?d in¢ory* Hou$in8 Associltion (hnt r¢ceiv&ble AnKTrUnts omrd b subsidki undcrtllkin 2J63.982 1377ffj37 28A95 1713.124 6J05.419 3293,154 26347a6 1049,448 1.274.553 1.78322 775 5,808,247 1831940 13.934.356 2J63P82 lJ77.637 95 1.713 124 6N32J04 IA78985 26347360 419.824 35.991A97 1049.448 1274.553 Debtor5 775 SJ69,763 840.650 11934,356 olc3 37 24.11&318 22243310 Amounts owed by subsidiary undertakings and related undertakings are unsecured, interest free and repayable on demand. Included in other debtors is £1,596,515 relating to the services equalisation account- this has increased from a debtor of £1,461,250 in 2024. 20 Current asset - Investments Group 2025 Ajsocladon 2025 Short lerni de osils - (hher Total Short tcrnidc 24326 24 26 56 18 951,304 18.954,304 24226556 24 26 56 18,954.3(M 1&954,301 56 This r¢presents ¢ash held on deposit with an original matyrity b¢twe¢n l and 12 months, At the balanee sheet date, the average maturity of th¢ deposits 3 months. The average inler¢st rale was 4.6Yo (2024.. 4%). The funds r¢¢¢iv¢d from Dfc are bein8 temporarily held pending utilisation in accordance with th¢ ternis of the Financial Assistance Agreements. 21 Cash at bank and in hand Group 2025 $o¢iatio 2025 2024 2024 (Xhercash balance5 held short ter 21169011 21 9,578.621 9,578 621 20,735544 20,735 44 9,091,flJ5 9.U)l.d)5

Clanmil Housing Association Limited 37 Notes to the financial statements for the year ended 31 March 2025 22 Creditors: amounts falling due withfin one year Assocl•ti 2025 2025 2024 B%nkLoaDS (Note 24) DLC Loons INot¢ 24) CXh¢rtll>zs and so¢ial stcutity Rent. rnte8 and seNi¢¢ ¢haT8¢S rcceÉved in &dvance Housing Asso¢ia¢ion (knnt in advance t*f¢r￿d hisioric buildin8 8rant Othercr¢dito An￿￿ttts owed to 5ubsidh4ry undertaknss sery￿e& ¢qU￿1$AllOn a¢count8 A¢¢rua]s and defe￿d in¢on Disposal prnce￿$ fvnd Housin Association Ihnt (Note I 2389,869 100000 17157 860,783 23J178ffj36 12ffi68 9871993 1.670,519 131.176 193. 573,345 14209.705 2389,869 100000 2249 860,783 23W78ffj36 22ffj68 9078J45 1,670.519 131,176 193902 573J45 142Tr),705 7,8&5,355 7353,751 IIKI.467 110.368 3J3&767 1.847.678 7,719,404 37.471,7X) 131993 6943,717 110,368 5314.740 1,847.678 7.719.404 39.659,86D 13lJ93 Sh23,16 7,772 191 50,688907 7.772.191 48 59094 Amounts owed to subsidiary undertakings are unsecured, interest free and repayable on dem8nd. 23 Credltors: amounts falllng due after more than one year Ikoup 21125 Jotladon 2025 B￿k iKtans (Note 24) DIC L￿an3 (Note 24) Di%posAI pro¢¢ed8 fvnd Housthi Association (3Ynt 221,798293 8,1000011 194.704.930 8,3(M).OLh) L.241.109 320.778 753 221.798393 ,100000 194.704,930 8,3(O,C 1.241,109 320.778,753 525 024.792 otc I 345 575 69 73 345 575 69 73 The balance of the disposal proceeds fund has been ￿]lY utilised in the y¢ar to 31 March 2025.

Clanmil Housing Association Limited 38 Notes to the flnancial statements for the year ended 31 Mareh 2025 24 Loans (k(Ap 21125 As80cSatli 2025 2024 Bink l(dns- lknusing proFrty ￿dOther loans Less ttw] one year, or on denxnd (Note 22) Between onc and (wo years tween two ond fiye years Afterm)re than five ears 2289169 2392￿61 6195032 212ffj10,699 224088,162 1,670,519 1,67Q519 4682,075 18A351336 19&375,449 2389169 2292J62 6195032 212,610ts99 224 088,162 1,670,519 1,670,519 681075 18A352.336 19&375.449 Seeurlty The Danske Bank hold5 a mortgage over related housing properties as security. First Trust and Ulster Bank loans are secured by way of mortgages upon the deeds of the related housing properties. The Housin8 Finance Corporation loans are secured by way of mortgages upon the deeds of the related housing properties. Senior notes ar¢ secured by way of mortgages upon the deeds of the related housin8 properties. (koup 2025 Asso¢l*dfj 2025 DeprtmeDt for ComTnunStles- Housing Pro￿rty L4Mns IRSS th8n one year. oron d¢￿llnd (Not¢ 22) Between one and two years Between two and five years Aftern￿ff (han five 100000 10000 30110011 7,700,OOIJ 8300,000 131,176 l(K),OLKJ 3(K),OtN) 7,9X),LIX) 8 431.176 100000 loo,000 300100 7,700 00 8200,000 131,176 i(K),( 3(X),I 7.￿,1x(l 431.176

Clanmil Housing Association Limited 39 Notes to the financial statements for the year ended 31 March 2025 25 Flnancial instruments The group h&s the following fmanciai instruments: Group 2025 2024 2025 2024 Finattell 8sietJ Ibt are tath In&trum¢Dts meg$Yred It xmortlstd cojt Rental debtor (Note 19) Other debtors (Note 19) Housin8awJciation ￿ants- receivable (Note 19) Amounts omtd by 8ubsidiaryundtrtakin88 (Not¢ 19) Accrucd in¢ome (Not¢ 19) Investments (Not¢ 20) C&sh at bank 8nd in hand 1,713,124 6,305,419 26,247,260 1.540,775 5,808,246 13,934.356 1.713,124 6,031304 26,247360 I ￿40.775 5.569,763 13.934,356 100,467 18.954.304 9 578.621 49916769 24,226,$56 21.069,011 79J61 70 24,n6,3 20.73S.544 78.954 788 18.954,304 9091605 49.090.803 Note21 DIC loan$ (Note 22123) Bank loans (Not¢ 24) Amounts owed to subsid1￿ undertak￿55 (Note 22) (kner creditors INot¢ 22) A¢¢N￿3 ote 22 8,200,000 224,088,162 8,431,176 196.375.449 8,200.000 224,088,162 8.431,176 196,375,449 100.467 7,353,751 3.538,767 215799610 9,471,993 6 943,717 248,703072 7,866,355 5 314 740 217 987.720 9,078,345 5,623 160 246 989.667 26 Called up share capital Group 2025 AsJoclAIIott 21125 2024 OrthnarysbAre8 rf£l each, fully pld Ai l April 202A Trthskr Allotted during the ycar Tran5frr to ￿serveS At 31 ￿&re￿ 2025 10 10

Clanmil Housing Assoeiation Limited 40 Notes to the financial statements for the year ended 31 March 2025 27 Net inflow from operating activities - Group 2025 2024 (Restated) on oYiniry actiiities sU￿lUs aristng from disposals of housing property Trnnsfer to disposal proceeds hnd Interest recevable and similar income Interest payable and simiIar charges Otherfmance costs 0￿ratIng Surylu5 Movennt in service charges ¢qua]isation account Depreciation oharge Amortisation ¢harge Rel¢ase of capital grant Movement in debtors Movement in credttors Movement in WIP Net cash Inflowfrom o IOJ34ffj56 (239,122) 192256 (2J67ffj07) 6052304 58,000 14,830J87 (131,527) 10.942,192 (7,770984) (818280) (1,125281) (486J44) 10,88IITI (1,330,754) 1,241,069 (707,556) 6,48A360 54.(K)O 16,625,296 665,739 10,270,CVg0 (8,691,425) (2,361.807) (1,03&035) 1,522,464 2,301 railn atti￿tieS 15339963 28 Analysts of net debt At l April 2024 9,578,621 18,954,304 28,532,925 (203,004,930) 1801.695 176 273.71X) Cashtlow 11,490,390 5272,252 16,762 ￿2 (26.893,363) 588,174 10.718895 At31 M4rch 2025 21,069,011 24,226,556 45,295567 (229,898,293) 2 J89069) 186,992 95 Cash at bank and in hand Short tem) investments C￿h aDd e iThHlents Debt due after l year Debt due within I ear

Clanmil Housing Association Limited 41 Notes to the financial statements for the year ended 31 March 2025 29 ReconeiliatlOD of net cash flow to movement in net debt 2025 2024 (Decreaseytncrcase in cash and Ga5h equivalents in fjnan¢ial year Repaynrnt of loans New loans 16,762ffj42 2518,463 (30,000,000) 17,561242 11335.965 (35.0￿,000) Movetrknt in net debt in the f￿anCIal year Net debt at l A ril Net at 31 March (10,718095) 176 73,700 186,992,S95 (5,102,793) 171,170, 176273.7(M) 30 Turnover, operatlng eosts and operating surplus - Associatlon 21125 2024 OFrAdDg Tllrnmr OFrgtlDg C4wts 0￿rI￿n8 Surylu5 OprAllng SurWu8 Social Housing aclivilic5 Non-social Housin 52J56,758 2,123J32 54380,090 39A35?27 314J76 39,749,703 13JJ2J,431 1Of18,956 14,830 J87 15W),413 1,336,021 434 31 Housing Stock- Association Nurn￿r of unlts own¢d wl 31 March Selkonlatned neral needs housing Supported housing (including housing with care) Sheltercd housing ShoJed Owietshi 2025 2024 3015 122 1,707 200 122 1,6T2 198 / Affordable Housin Non Self contained orted Total thits Owned 136 136 Numlxr of unlts Self-contsined neral needs Tothl iknits OThv¢d gnd MAn ed okn 31 MArch

Clanmil Housing Association Limited 42 Notes to the financial statements for the year ended 31 March 2025 32 Turnover, operating eosts and operatlng surplus or deficit from social and non-social housAng activities - Association ia A,I,,Iiill1￿ll

Clanmil Housing Association Limited Notes to the financial statements for the year ended 31 March 2025 32 Turnoverg operating costs and operating surplus or defieit from social and non-social housing activities - Association (contiDued) Associatlon 2025 2024 DSD Allowances Management Ajlowanc Management Costs Surplus l Deficlt 2,696.860 6 401.023 3 704 163 2,592,432 5 713 282 3 120 850 MaiDten2n¢e Allowances PlatLned and cyclical maint¢nance Reactiv¢ mainlenance Surplus l Dellelt 2,141,978 (1,046,850) 3J94 120 2,103,2 (1,225.951) 2 970 726 2 093 387 Grosg ID¢ome from Rents and serylee ebaryes Technical Non Technical Total 34,7(Kl,922 10 149.654 44 850 576 31.034,880 10 631.948 41666 828 Note that the Association operates a rent pooling policy. This can impact on the assessment of surplus or deficit arising from a particular type of housing activity.

Clanmil Housing Association Limited 44 Notes to the financial statements for the year ended 31 March 2025 33 Pension commitments Thc Association participates in the defmed benefit section of the Social Housing Pension Scheme (SHPS). The AS￿latiOn offers a hybrid arrangement where ernployees can join the Career Average Revalued Earnings (CARE) structure with a 11120th a￿￿al rat¢, as well as receiving contributions from the Association to the defined contribution section of SHPS. SHPS is a UK registered trust-based pension scheme. SHPS is a multi-employer scheme with around 400 non-associated employers. SHPS is Classified as a 'last-man standing arrangement,. Therefore, the Association is potentially liable for other participating ¢mployers' obligations if those employers are unable to meet their share of th¢ scheme deficit following withdrawal from SHPS. Verity Trustees are responsible for running SHPS in accordance with the Trust Deed and Rules, which sets out their w)wers. The Trustee of the SHPS is required to act in the best interests of the beneficiaries. The Trustee is required to carry out an actuarial valuation every 3 years. The last triennial aetuarial valuation of SHPS for funding purposes was carried out as at 30 September 2023. This valuation revealed a total scheme deficit of £693m. A recovery plan has been put in place with each employer paying contributions with the aim of removing this deficit by 31 March 2028. The Association ¢xp¢¢ts to pay £328k towards the fimding deficit in SHPS during the a¢¢ounting year beginning l April 2025. The Association's share of expenses in relation to running SHPS are paid in &ddition. The next actuarial valuation as at 30 September 2026, is due in September 2027. We We￿ notified in 2021 by the Trustee of the Scheme that it h&8 perfornled a review of the Ghanges made to the Scheme's benefits over the years and the rcsult is that there is uncertainty surrounding some of these changes. The Trustee is seeking clarification from the Court on these items, and this process is ongoing with it being unlikely to be resolved before the end of 2025 at the earliest. It is estimated that this could potentially incre&8e the value of the ￿11 Scheme liabilities by £155m. The Association's potential share is estimated at £265k. We note that this estimate has been calculated as at 30 September 2022 on the Scheme's Technical Provisions basis. Until the Court direction is received. it is unknown whether the fiill (or any) increas¢ in liabilities will apply and therefore, in line with the prior year, no adjustment has been made in these financial statements in respect of this. Pension costs for accounting purposes have been calculat￿ usin8 assumptions ¢onsi$t¢nt and appropriate with FRS 102. Present values of defln¢d beneflt obligatlon, falr value of asset8 and deflned benefit a&8et (Ilablllty) 31 March 2025 31 Mareh 2024 (£OOO$) (£OOOs) 6.568 6J17 Fairvaluc ofplan assets Prtsent value of defined benefit obligation sU￿lUs (deficit) in pjan Unr¢¢ognis¢d surplus Defined benefft asset (]iabi]ity) to be recongised (876) (1,479) (87 (1,479)

Clanmil Housing Association LiDJited 45 Notes to the financial statements for the year ended 31 March 2025 33 Pension commitments (continued) Re¢oncill8tlon of opening and closing balances of the defined benefit obllg2tlon Perlodfrom 31 Ma￿h 2024 31 March2025 (£OOOs) 7,796 255 tkfined benefit obligation at start ofperiod CuThent seNice cost 5penses Interest ewense Mcmbercontribution5 Actuarial loss¢s (gains) due to schcme e>perience Actuarial losses (gains) due to changes in d¢ny)graphlc assumptions Actuarial losses (gains) due to Changes in financial assumptions Benefits paid ehpenses liabilities acquired in a business combination iiabilitics eXingui5hed on settlements iA)sscs (gains) on curtailments insses (gains) duc to benefit chAngcs FJrhange rnte changes tkfjned benefit obligation at end of period 12 394 13 416 (1,340) (102) ReeoDelllalloD or0￿nIng And eloslng balantes of the falr value of plan Assets Peri￿1 from 31 MAreh2024 31 MRrch 2025 (£OOOs) A317 336 Fair value of plan assets at slart of period Interest income Ewerience on plan asscts (C￿ludIng amounts included in interest income)- gain (loss) Fmployer contributions Member contribution5 Benefits paid and ewcnses Assets acquired in a businc55 Combination Assets di5tTibut¢d on settlements hange rnte ohanges Fair value ofplan assets at end of period (918) 13 (102) A568 The a(*ual rett￿n on plBn assets (includin8 any chan8es in share of ￿sets) over the period eDd¢d 31 March 2025 was (£581000).

Clanmil Housing Association Limited 46 Notes to the finaneial statements for the year ended 31 March 2025 33 Pension commitments (continued) DeflDed benefit costs re¢ognlsed In statement of comprehenslve Ineome (SOCI) Perlodfrom 31 March 2024 to 31 March 2025 {£OOOs) 255 Ojtrent service cost E¥enses Net interest ewense Losses (gai05) on business Combinations Losses (gain5) on settl¢n￿ntS tA)sses (g&in8) on curtaijnxnts Losses (Bains) due to benefit changes Dcfined benefit costs rerognised ill state￿￿t of Con¥rehen8ive Incon* (Soct) 12 58 325 Denned beneflt eosts reeognlsed ID otber comprehenslve Income Perlodfrom 31 Mareh 2024 31 Mareh 2025 (£OOOs) (918) (416) Ey)erience on plan assets (ey£luding amounts included in net interest cost)- gain (loss) EN)crienc¢ gains and losses arising on the plan liabilities - gain (loss) Effects of changes In the demogrdphic assumptions und¢rlying th¢ present value ofthe defined benefit ob]igation - gain (loss) FATects of ¢hange8 in the tlnanclai assumptions undertying the present value of the defin¢d benefit obligation . gain Ooss) Total actuarial gains and losses (before restriction due to some ofthe surplus not being re¢oElli5able)- gain aos5) Fifects of chang65 in the amount of surplus ihat is not reeoverable (eyLludin8 amounts included in net interest C05t)- gain Ooss) Total amount recognised in Other Compreh¢n5ive In¢ome- gain (loss) 1,340

Clanmil Housing Association Limited 47 Notes to the financial statements for the year ended 31 March 2025 33 Pension commitments (continued) Assets 31 m￿Ch2O25 31 Mveh2024 (£0008) (£OOOs) 736 629 (&)bal Equity Absolute Return Distressed Opportunities Credil Relative Value Ahemative Risk Pr¢mia Liquid Ahemativcs Fjnerging Markets Debt Risk Sharing Insuran¢e-L4nked Securities 247 I,218 82 370 33 254 Property Infrastrncture Private Eluity R¢alAsset8 Privatc tkbt portunistio lllmiuid Credtt Private Qedh Credit Investn￿nt (hde Credit I￿gh Yiekl Cash Corpornte Bond Fund Iiquid Credit Long Lease Pmperty Secured Incow Liability Driven Jnvestnrnt (￿rrencY H¢d8ln8 Net Current Assets Total gss¢ts 329 638 251 89 125 41 1,989 li 1570 14 li 317

Clanmil Housing Association Limited Notes to the financial statements for the year ended 31 March 2025 Key Assuniptions 31 MArch 2025 3110312024 O/• PEr annum Discount Rate Jnfiation (RPD Infiation (CPD Satsry (*0￿h 6.(￿/ 5.(NYh 3.1￿0 3.8(Wo 3.81Y/o 75% of ma>inNm 75Vo of maxmum allowance allowance Allowance forcommutation of pension for cash at retirement The nw)rtality assumptions adopted at 31 March 2025 iry)ty the following life e4)e¢tancies: Llfe e4xetAney 2t4e65 (Years) 20.3 Male retirln8 In 2025 Fem&le retiring In 2025 Maie ￿lrIng yn 2045 Female retirin8 in 2045 22.8 21.5 .3

Clanmil Housing Association Limited 49 Notes to the financial statements for the year ended 31 March 2025 34 CoDtIDgellt liabilities The Association released Housing Association Grant (net of amortisation) of £669,878 during the year in r¢lation to building components replaced arising from planned maintenance works. The accumulated position of totsl Housing Association Grant released at 3 l March 2025 is £7,863,350. The accumulaled amount of Housing Association Grant amortised and recogni5ed income as at 31 March 2025 is £82,602,340. The possibility of any reimbursement to the Department for Communities is considered to be unlikely ￿ the housing properties are expected to continue to be made available for social housing for thc foreseeable ￿tllre. 35 Capital commitments - Housing Properties- Association 2025 2024 Capital expenditure Q)ntra¢ted for but not provided in the fjnancial statcnrnts 68206,560 63.511,436 The Association anticipates that this expenditure will be ￿nded by Housing Association Grant from the Department for Communities and by private fmance, both external and internal. 36 Restrlcted fund - Supportlng People In¢on* relating to Supporting P¢ople FundinB Additional Supporting People Hardship Funding ¢nditure relating to Su ortin People Fundsng At31 March 2025 559,612 5,767 {6&1,Y)2) (98,913)

Clanmil Housing Association Limited 50 Notes to the financial statements for the year ended 31 Marcb 2025 37 Related party disclosures Detsils of the subsidiaries are disclosed in Note 18. The balances with the subsidiaries at the year-end were as follows: 2025 2024 Anwunts suknld8ry undtrtakings (nots 19) Clanmil Properties LAmited Clanmil Developments Limited 119,670 300,154 I83,￿3 174,763 2025 AnKwnts omtd to sutslthary undertaklngs (note 22) Clanmil Properties L4mited Clanmil Developments Limit¢d 9,876 I￿1,467 Trnnsactions between these related parties during the Year￿re a5 follows: 2025 2024 Clanmll PrO￿rtieS LIn￿ted Rent charge from Clanmil Housing Association Limited to Clanmil Properties timited Management and administrdtion charge from Clanmii Housing Association L4mited to Clanmil Properties Limited Contribution from aanmil Properties Limited to Clanmil Houslng Association Iimited in ttspect of the insurance ofNorthem Whig House (Jft aid donation from Clanmil Properties timited to Clanmil Housing Association Limited R£nt and service charges from Clanmil PmpcrtiC5 Linltcd to Clannul Houslng Association L4mited aADndi D￿tIo￿￿ents Umlt•d Managem¢nt and &dministration Gharge from Clanmil Housing Association Limited to Clanmil tkvclopments Limited Development projects charg¢ from Clunmil Houslng Association Limlted to Clanmit Dev¢lopm¢nts Limitgd arge fromclanmil Developments Limited to Clanmil Housing Association Limited for the provi320n of pmperty development services Gfi aid donation from Clanmil D¢velopments Iimited to aanmil Housing Association Limit¢d JllJ49 61,100 64,177 1,852 30A63 61.058 115J71 24,794 24,791 64028 97J75 8JOO022 6,1%560 SS,022 2&161

Clanmil Housing Association Limited 51 Notes to the financial statements for the year ended 31 March 2025 38 - Income and Expenditure Account - Prior Period Adjustment The accounts for year ended 31 March 2025 include a cbange in accounting policy in relation to capita]isation of interest. Previously interest incurred was fully expensed to income and expenditure in the year. Interest incurred during development of qualifying &ssets is now capitalised by increasing asset additions in the year and reducing intsrest charged in the income and expendiiure ac¢ounL The cumulative impart of this change in a¢countin8 policy on the Comparative figures to 31 March 2024 is to increase fixed asset additions by £425,754 ond to reduce interest payable by £423,754. The full adjustment of £425,754 was added to the restated Income and Expenditure account for year ended 31 March 2024. There is no adjustment to opening reserves as at I April 2024, as l April 2024 was the earliest practical period from which the impact of the change in accounting policy could be calculated. The ¢apltalised int¢r¢$t for the year ¢nd¢d 31 March 2025 Is £693,677.