| Statement of TrusteeResponsibilities | Page1 |
|---|---|
| Reportof theAuditor | Page2 |
| lncome and ExpenditureAccount | Page3 |
| BalanceSheet | Page4 |
| Notesto theFinancialStatements | Pages 5to8 |
| Notes | 2022 | 2027 | |
|---|---|---|---|
| f | f | ||
| TURNOVER | |||
| lncome | 13 | 105,221 | 106,717 |
| Less:OperatingCosts | L4 | 126,005 | 85,365 |
| FinanceCosts | 15 | 6,3L7 | 6,489 |
| (27,1.01.) | l_4,863 | ||
| lnterestReceivable andOtherIncome | 4 | 1,2,61,3 | |
| Surplus/(Deficit) beforeTaxation | (14,488) | 25,081 | |
| Taxtion | 5 | ||
| suRPrus/(DEFtctT)FOR THE YEAR | t2 | (L4,488) |
| Balance Sheet Asat31December2022 |
|||
|---|---|---|---|
| Notes | 2022 | 2021 | |
| f | f | ||
| FIXEDASSETS | |||
| HousingProperties: | |||
| Cost | 8 | 8g1,g0g | gg1,g0g |
| Less: HousingAssociationGrant | (109,60L) | (109,601) | |
| Mortgage Account | 15 | (310,408) | (319,091) |
| Depreciation | (46,9821 | (46,424) | |
| 4L4,g1g | 406,793 | ||
| CURRENTASSSETS | |||
| Debtors lnvestments CashatBankandinHand |
7 I |
10,4gO 120,179 L7,795 |
9,933 L20,747 40,090 |
| CREDITORS | 149,454 | 170,070 | |
| Amounts fallingduewithinoneyear | 10 | 5,g4g | |
| Net CurrentAssets | 142,605 | 165,219 | |
| TotalAssetsLessCurrent Liabitities | 557,523 | 572,OL',J, | |
| CAPITATANDRESERVES | |||
| Reserves | |||
| Balancebroughtforward Surplus/(Deficit)for theyear |
572,OLl (1.4,488) |
546,930 25,091 |
|
| Total Caoital andReserves | 557,523 | 572,O1.7 |
| otestoFinancialStatements rtheYear Ended31 December 2022 |
||
|---|---|---|
| 2022 | 2021, | |
| f | f | |
| 2DIRECTOR'SEMOLUMENTS | ||
| TheDirectorsaredefinedastheTrustees andtheClerkto the | ||
| Trustees. | ||
| Emoluments | 7,978 | 8,720 |
| ThenumberofDirectors,includingthehighest paid Director, | ||
| whoreceivedemolumentsinthefollowingrangeswere: | ||
| f5,000 to f10,000 | ||
| Thetotalexpensesreimbursedto theDirectors notchargeable | ||
| toUnitedKingdomTax | Nit | Nil |
| EMPTOYEEINFORMATION | ||
| The averageweekly numberofpersons(including theClerk | ||
| totheTrustees)employed during theyearwas: | ||
| OfficeStaff | 2 | 2 |
| Wardens | t | 1. |
| StaffCosts | 2,400 | 2,400 |
| Salariesand Nationallnsurance | 26,022 | 23,693 |
| 28,422 | 26,093 | |
| INTEREST RECEIVEABLEANDOTHER INCOME | ||
| South Shropshire Council Grant | 0 | 0 |
| BankDepositlnterest | 32 | L |
| lnvestment lncome | 8,581 | 8,2!7 |
| Hosyer-FoxeManagement Contribution | 4,000 | 2,OOO |
| !2,6L3 | to,27g | |
| 5DEFICITON ONORDINARY ACTIVITIESBEFORETAXATION | ||
| Surpluson Ordinary Activities before Taxationisstatedafter | ||
| charging: | ||
| Auditors'Remuneration(includingVAT)intheircapacity | ||
| asAuditors | 2,906 | 2,880 |
| 6TAXATION | ||
| The Hosyer-FoxeCharityisaregisteredCharity andis | ||
| therefore,exemptfromliabilitytotaxation on it,s lncomeand | ||
| CapitalGains. |
| t | heYear Ended31 December 2022 | ||
|---|---|---|---|
| 2022 | 202! | ||
| 7 | DEBTORS | f | f |
| Prepayments andAccrued lncome | LO,49O | 9,933 | |
| 8 | FIXEDASSETS | Completed | Completed |
| Housing | Housing | ||
| Properties | Properties | ||
| CostatOL January2022 | 222,O4t | 222,04L | |
| Additions atCost:ChurchWalk Development | 659,868 | 65g,g6g | |
| Less:Depreciation | (46,9821 | (46,424) | |
| Mortgage:HallGarthTrust | (310,408) | (319,091) | |
| 524,5t9 | 516,394 | ||
| HousingAssociationGrantsat0l- January2022 | 109,601 | 109,60L |
| CostorBaseCost: | ||
|---|---|---|
| Rt01January2022 | 120,147 | L20,746 |
| Additions during theYear | ||
| Withdrawals duringtheYear | ||
| Accumulated lncome | 32 | 7 |
| 120,179 | _L2O,L4? | |
| Thelnvestments comprisetheFollowing: | ||
| 140,844NAACIFlncomeShares | 43,9O2 | 43,9O2 |
| 248.83COIFAccumulationShares | 14,504 | 14,504 |
| TheCharities DepositFund | 3,373 | 3,34L |
| COIFFixedlnterestFund | 3,200 | 3,20O |
| COIFlncomeUnits | 55,300 | 55,300 |
| 720,179 | L20,1,47 | |
| MarketValueat 31 December2O22 | 280,594 | 3O4,tL2 |
| ort | heYear Ended31 December2O22 | ||
|---|---|---|---|
| 2022 | 2021, | ||
| f | f | ||
| 1.1CONTINGENT LIABILITIES | |||
| At 31 December2O22and2021,therewereno known contingent | |||
| liabilities. | |||
| 12 | PARTICUTARS OFTURNOVERANDOPERATINGSURPTUS | ||
| BEFORE COSTS!NRESPECTOFHOUSING ACCOMMODATTON | |||
| lncomefromLettings | 105,221 | LO6,777 | |
| Operating andFinanceCosts | L32,322 | 91.,854 | |
| {27,101], | 14,853 | ||
| Other !ncome: | |||
| lnterestandSimilar lncome | 4,O32 | 2,O01- | |
| Surplus/(Deficit)before Taxation | (23,069) | 1_6,864 | |
| lnvestment lncome | 9,591 | 8,217 | |
| TotalSurplus/(Deficit)before Taxationfor theperiodof | |||
| Account | (L4,488) | 25,081- | |
| 13 | OPERATINGCOSTSFROMLETTINGS | ||
| HousingAccommodation(23Units) | |||
| Services | 27,780 | 27,996 | |
| Management | 32,627 | 32,1-49 | |
| Maintenance | 65,040 | 24,563 | |
| Depreciation | 558 | 657 | |
| 126,005 | 95,365 | ||
| t4 | MORTGAGE ACCOUNT | ||
| HallGarth Charitable Settlement broughtforward | 319,091 | 327,602 | |
| Add:lnterest | 6,3L7 | 6,499 | |
| Less: Repayment | (15,000) | (15,000) | |
| BalanceOutstanding | 310,409 | 319,091 |