## 

## 

|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|26,992|






## 

## 

|Balance Sheet<br>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.<br>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<br>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|<br>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|