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2021-12-31-accounts
| Statement of TrusteeResponsibilities |
page1 |
| Reportof theAuditor |
page2 |
| lncome andExpenditureAccount |
page3 |
| BalanceSheet |
page 4 |
| Notesto theFinancialStatements |
pages 5tog |
|
Notes |
2021 |
2020 |
|
|
f |
f |
| TURNOVER |
|
|
|
| lncome |
13 |
L06,777 |
109,457 |
| Less:OperatingCosts |
1.4 |
85,365 |
93,272 |
| Finance Costs |
15 |
6,489 |
6,657 |
|
|
14,863 |
9,529 |
| lnterestReceivable and CIthertncome |
4 |
10,2L8 |
'J.9,454 |
| Surplus/(Deficit) beforeTaxation |
|
25,081 |
26,992 |
| Taxtion |
5 |
|
|
| SURPLUS/(DEF |
CtT)FOR THE YEAR |
L2 |
25,091 |
Balance Sheet
Asat31December2021 |
|
|
|
|
Notes |
2021, |
2020 |
|
|
f |
€ |
| FIXEDASSETS |
|
|
|
| HousingProperties: |
|
|
|
| Cost |
|
881,909 |
881,909 |
| Less: Housing Association Grant |
|
(109,60L) |
(109,601) |
| Mortgage Account |
15 |
(319,091) |
(327,602) |
| Depreciation |
|
(46,424) |
(45,767l, |
|
|
406,793 |
3gg,g3g |
| CURRENTASSSETS |
|
|
|
| Debtors |
|
9,833 |
8,829 |
| lnvestments |
|
!20,747 |
120,t46 |
| CashatBankandinHand |
|
40,090 |
25,001 |
|
|
770,O70 |
l_53,976 |
| CREDITORS |
|
|
|
| Amounts fallingduewithinone year |
10 |
4,952 |
5,995 |
| Net CurrentAssets |
|
165,218 |
1d.7,991, |
| TotalAssetsLessCurrent Liabilities |
|
572,071 |
546,930 |
| CAPITATANDRESERVES |
|
|
|
| Reserves |
|
|
|
| Balancebroughtforward |
|
545,93CI |
5l_g,94g |
| Surplus/(Deficit)for theyear |
|
25,081 |
?6,?82 |
| Total Capital andReserves |
|
572,011 |
546,930 |
| These Financialstatements wereapprovecibythe committee ofManagementon |
|
|
fu2)^a()oJ* |
| and signedon its behalfbytheTrustees. |
|
|
|
| NotestoFinancialStatements |
|
|
| FortheYear Ended31Decennber2021 |
|
|
| -_--'-- |
2021.
ft |
2020 |
| 2DIRECTOR'SEMOLUMENTS |
|
|
| TheDirectorsaredefinedastheTrustees andtheClerkto the |
|
|
| Trustees. |
|
|
| Emoluments |
8,720 |
),177 |
| ThenumberofDirectors,includingthehighestpaidDirector, |
|
|
| whoreceivedemolurnentsinthefollowingrangeswere: |
|
|
| €5,000tof10,000 |
|
|
| Thetotalexpensesreirnbursedto theDirectorsnotchargeable |
|
|
| toUnitedKingdomTax |
Nil |
Nil |
| EMPTOYEEINFORMATION |
|
|
| The averageweekly nurnberofpersons(includingtheClerk |
|
|
| totheTrustees)employed during theyear was: |
|
|
| OfficeStaff |
2 |
2 |
| Wardens |
1 |
L |
| StaffCosts |
2,400 |
2,600 |
| Salariesand Nationallnsurance |
23.683 |
L3,864 |
|
:3q083_ |
_-:P,464 |
| INTEREST RECEIVEABLEANDOT}.iER I;\JCOME |
|
|
| South ShropshireCoumcii Gnant |
0 |
:::),000 |
| BankDeposit lnterest |
t |
9 |
| lnvestmentlncome |
8,217 |
E,445 |
| Hosyer-FoxeManagernentContribution |
2,000 |
0 |
|
l_0,218 |
L8,454 |
| DEFICITON ONORDiNARVACTiVETAESBEFORETAXATION |
|
|
| Surpluson Ordinary Activities before Taxationisstatedafter |
|
|
| charging: |
|
|
| Auditors'Remuneration(inciuding VATi intheircapacity |
|
|
| asAuditors |
2,880 |
2,70O |
| TAXATION |
|
|
| The Hosyer-FoxeCharityisaregistered Charityandis |
|
|
| therefore,exemptfronrliabilitytotaxation onit'slncomeand |
|
|
| CapitalGains. |
|
|
| t |
heYear Ended 31 De |
cemben2021 |
|
|
|
|
_-- |
202L |
2020 |
| 7 |
DEBTORS |
|
f |
f |
|
Prepayments andAccruedlncome |
|
9,833 |
|
| 8 |
FIXEDASSETS |
|
Completed |
Completed |
|
|
|
Housing |
Housing |
|
|
|
Prol:erlies |
lroperties |
|
Costat01January |
2023. |
222,041 |
222,047 |
|
Additions atCost: |
ehurch Walk Development |
659,868 |
659,868 |
|
Less:Depreciation |
|
{t46,4241 |
(45,767) |
|
Mortgage:l'{al!GarthTrust |
|
(319,091) |
(327,602) |
|
|
|
515,394 |
__50,8,540 |
|
Housing Associatior,Gr:ntsa!,:1ral,:lert"t2021, |
|
L09,601 |
__109,601_ |
| CostorBaseCost: |
|
|
|
| At01 January2021, |
L2*,146 |
1_0,138 |
|
| Additions during theYear |
|
|
|
| Withdrawals during theYear |
|
|
|
| Accumulated lncome |
|
|
8 |
|
1?*,1,47 |
__ry,.0,r46_ |
|
| ThelnvestmentscornprisetheFollowing: |
|
|
|
| 140,844NAACIF lnconne Shares |
43,802 |
|
43,902 |
| 248.83COIFAccum';lationShares |
\4,504 |
|
x4,504 |
| TheCharities DepositFund |
3,341 |
|
3,340 |
| COIFFixedlnterestFund |
3,200 |
|
3,200 |
| COIFlncomeUnits |
55,300
124,147 |
M |
q5,300 |
| MarketValueat31"Decernber 2A21 |
344,L12 |
__r7]380_ |
|
| ort |
heYear Ended 31December 2f |
r2L |
|
|
|
|
|
2021 |
2420 |
|
|
|
f |
f |
| 11 |
CONTINGENTLIABIIITIES |
|
|
|
|
At31 December 2OZt and2020,there were no known contingent |
|
|
|
|
liabilities. |
|
|
|
| 12 |
PARTICULARSOFTURI\IOVER AITDCIPERATING SURPLUS |
|
|
|
|
BEFORE COSTSINRESPECTCIF |
ACCOMMODATION |
|
|
|
lncomefromLettings |
'.{OT"I5[6'$G |
'1{6,717 |
i08,457 |
|
Operatingand Finance eosts |
|
91,854 |
|
|
|
|
L4,863 |
8,528 |
|
Other lncome: |
|
|
|
|
lnterestandSimilarlneonre |
|
2,00L |
10,009 |
|
Surplus/(Deficit)beforeTaxatiorn |
|
L6,864 |
19,537 |
|
lnvestment lncome |
|
8,217 |
8,445 |
|
TotalSurplus/(Deficit)before |
Taxationfor theperiodof |
|
|
|
Account |
|
|
26,992 |
| 13 |
OPERATINGCOSTSFROMLETTINGS |
|
|
|
|
HousingAccommodation(23Units) |
|
|
|
|
Services |
|
27,996 |
30,300 |
|
Management |
|
a2,1,49 |
26,399 |
|
Maintenance |
|
;4,563 |
33,771 |
|
Depreciation |
|
657 |
773 |
|
BadDebtsWritten Off |
|
0 |
2,O30 |
|
|
|
85,365 |
__93,2?2 |
| 14 |
MORTGAGE ACCOUNT |
|
|
|
|
HallGarthCharitableSettlement broughtforward |
|
327,602 |
335,945 |
|
Add:lnterest |
|
6,499 |
6,657 |
|
Less: Repayment |
|
(15,000) |
(15,000) |
|
BalanceOutstanding |
|
319,091 |
_32?,602 |