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|Statement of TrusteeResponsibilities|Page1|
|---|---|
|Reportof theAuditor|Page2|
|lncome and ExpenditureAccount|Page3|
|BalanceSheet|Page4|
|Notesto theFinancialStatements|Pages 5to8|





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||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)||






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|Balance Sheet<br>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<br>lnvestments<br>CashatBankandinHand|7<br>I|10,4gO<br>120,179<br>L7,795|9,933<br>L20,747<br>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<br>Surplus/(Deficit)for theyear||572,OLl<br>(1.4,488)|546,930<br>25,091|
|Total Caoital andReserves||557,523|572,O1.7|





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|otestoFinancialStatements<br>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.|||





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|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|



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|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|





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|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|