G. ROBINSON (Accountants) Limited Certified Accountants inmiiimiiiniip nnmmnnneeneee VAT Reg No. 884 7038 87 : ## 14 Broad Street Ludlow Shropshire SY8 1NG ## 08 July 2024 Tel: 01584 872215 Fax : 01584 872215 e-mail: grdocrobinson@aol.com Mr CE Williams 2 Jockeyfield Ludlow Shropshire SY8 1LP Dear Mr Williams Hosyer Foxe Charity , Sir Job Charlton's Hospital Charity Further to the completion of the 2023 Accounts for the two above charities for the year ended 31 December 2023, | am able to,notify you that there were no significant matters arising from the independent examination. Kind regards Yours sincerely ;' i **----- Start of picture text -----**
~~ Graham Robinson, FCCA a
**----- End of picture text -----**
Director : G Robinson, FCCA Company No.5833887, Registered England and Wales ## THE HOSYER-FOXE CHARITY ## FINANCIAL STATEMENTS ## For the Year Ended 31 DECEMBER 2023 |pg|pg| |---|---| |Statement ofTrustee Responsibilities|Page 1| |Reportofthe Auditor|Page 2| |Income and ExpenditureAccount|Page 3| |Balance Sheet|Page 4| |NotestotheFinancialStatements|Pages5to8| ## eee ## G. Robinson (Accountants) Limited Chartered Certified Accountants Registered Auditors 14 Broad Street Ludlow, Shropshire SY8 1NG ## THE HOSYER-FOXE CHARITY ## STATEMENT OF TRUSTEES' RESPONSIBILITIES Housing Association and Charity legislation require Trustees to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the Charity as at the end of the financial year and of the surplus or deficit ## for that period. In preparing the Financial Statements, suitable accounting policies have been adopted and consistently applied, to the best of the Trustee's knowledge and belief, by reference to reasonable and prudent judgements and estimates. Applicable ## accounting standard have been followed. The Trustees are responsible for maintaining adequate accounting records, for safeguarding the assets of the Charity and for preventing and detecting fraud and ## other irregularities. The Trustees are also required to indicate where the Financial Statements are prepared other than on the basis that the Charity is a going concern. 1. aa ## REPORT OF THE AUDITORS TO THE TRUSTEES OF HOSYER-FOXE CHARITY ## SSMS We have examined the financial statements on pages 3 to 8 which have been prepared under the accounting policies set out on page 5, and correctly established that an Accountant's Report is permitted. ## Respective Responsibilities of Trustees and Auditors As described on page 1, the Charity's Trustees are responsible for the preparation of the Financial Statements. It is our responibility to form an independent Opinion, based on our examination of these Statements and to report our opinion to you. It is also our responsibility to State the fact in our report, if we are of the opinion that the Charity has not maintained a satisfactory system of control over it's transactions. ## Basis of Opinion We conducted our examination in accordance with general auditing standards. It includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the Financial Statements. It also includes an assessment of the significant estimates and judgements made by Trustees in the preparation of the Financial Statements, and of whether the accounting circumstances, consistently applied and adequately disclosed. ## Opinion On the basis of the accounting records, the accounts comply with the requirements of the Charities Act 1993. In our opinion, the Financial Statements give a true and fair view of the state of the Charity's affairs at 31 December 2023 and of it's profit for the year then ended and have been properly prepared in accordance with the Trust Deed, the Housing and Regeneration Act 2008 and the Accounting Requirements for Registered Social Landlords General Determination 2006. | **----- Start of picture text -----**
f ‘ v
y” . if » 7
*G. Robinson (Accountants) Limited ae
Chartered Certified Accountants we
14 Broad Street 4
Ludlow fo
Shropshire SY8 1NG /
04 July 2024
**----- End of picture text -----**
2. ## HOSYER-FOXE CHARITY Income and Expenditure Account Year Ended 31 December 2023 ———eeEEE———eeaeaeaeaeaee————SS——————e eee **----- Start of picture text -----**
||||||||| |---|---|---|---|---|---|---|---| |Notes|||2023|2022| |£|£| |TURNOVER| |Income|13|112,395|105,221| |Less:|Operating|Costs|14|108,302|126,005| |Finance|Costs|15|6,142|6,317| |(2,049)|(27,101)| |Interest|Receivable|and|Other|Income|4|15,151|12,613| |Surplus/(Deficit)|before|Taxation|.|13,102|(14,488)| |Taxtion|5|=|-| |SURPLUS/(DEFICIT)|FOR THE YEAR|12|13,102|(14,488)| **----- End of picture text -----**
Hosyer-Foxe Charity has not acquired or discontinued any fund activities during the above two financial years. The Charity has no recognised gains and losses other than those included in the above income and Expenditure Account. Therefore no separate statement of total recognised gains and losses is included. **----- Start of picture text -----**
CH ace a
ea
icon seessen ob NTOlo uvevennteea¥eeiveeteresteVssiiiiesecaeaee TTUST@O
Palais
**----- End of picture text -----**
3. ## HOSYER-FOXE CHARITY **----- Start of picture text -----**
|||||||||| |---|---|---|---|---|---|---|---|---| |Balance|Sheet| |As|at|31|December|2023| |Nes|~SCSO™*~=~s~sS:SOQDBS™~COC:C:::::,,,COQDD| |£|£| |FIXED|ASSETS| |Housing|Properties:| |Cost|8|881,909|881,909| |Less|:|Housing|Association|Grant|(109,601)|(109,601)| |Mortgage|Account|15|(301,550)|(310,408)| |Depreciation|(47,456)|(46,982)| |423,302|414,918| |CURRENT|ASSSETS| |Debtors|7|10,884|10,490| |Investments|9|120,327|120,179| |Cash|at|Bank and|in|Hand|28,053|17,785| |159,264|148,454| |CREDITORS| |Amounts|falling|due|within|one|year|10|11,941|5,849| |Net|Current Assets|147,323|142,605| |Total|Assets|Less|Current|Liabilities|570,625|557,523| |CAPITAL AND|RESERVES| |Reserves| |Balance|brought|forward|557,523|572,011| |Surplus/(Deficit)|for the Year|13,102|(14,488)| |Total|Capital|and|Reserves|570,625|557,523| |ae|,|Jr|Jui,|Zor| |These|Financial|Statements were approved|by the Committee|of Managementon|Bi| |and|signed|on|its|behalf by|the|Trustees.| **----- End of picture text -----**
Mh hae. kiko. Trustee / Co ee Trustee 4. , NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 December 2023 ## THE HOSYER-FOXE CHARITY ## eR ## 1. PRINCIPLE ACCOUNTING POLICIES The format of the account has been revised to comply with the Registered Housing Associations (Accounting Requirements) Order 1992 and the Statement of Recommended Practice Accounting by Registered Housing Associations. The effect of this has been to change certain of the Association's accounting policies. Comparative figures have been restated accordingly. The Financial Statements have been prepared in accordance with applicable Accounting Standards in the United Kingdom. A summary of the more important accounting policies is set out below. ## (a) Basis of Accounting The financial statements are prepared on the historical cost basis of accounting. (b) Turnover Turnover represents maintenance contributions receivable. ## (c) Housing Properties The Hosyer-Foxe Charity properties were constructed many years ago and there is no record of the original cost and no value is attributable thereto. ## (d) Extraordinary Repairs Extraordinary Repairs , Costs of Extraordinary Repairs, unless representing improvements to the properties, are charged to the Revenue Account in the year in which they are incurred. ## (e) Value Added Tax The Hosyer-Foxe Charity is not registered for Value Added Tax. In these Financial Statements, where applicable, expenditure is shown inclusive of VAT. ## (f) Apportionment of Management Expenses Finance and Administration costs are apportioned between Management and Service Costs on the basis that 50% of the Finance and Administration Costs are attributable to Service Costs and the balance to Management. ## (g) Cash Flow Statement Under Financial Reporting Standard No.1, the Trust is not required to produce a Cash Flow Statement. 5. ## HOSYER-FOXE CHARITY ## Notes to Financial Statements For the Year Ended 31 December 2023 **----- Start of picture text -----**
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |QBS| |£|£| |2|DIRECTOR'S|EMOLUMENTS| |The|Directors|are|defined|as|the|Trustees|and|the|Clerk|to|the| |Trustees.| |Emoluments|8,751|7,978| |The|number|of|Directors,|including|the|highest|paid|Director,| |who|received|emoluments|in|the|following|ranges|were|:| |£5,000|to|£10,000|1|1| |The|total|expenses|reimbursed|to|the|Directors|not|chargeable| |to|United|Kingdom|Tax|Nil|Nil| |3|EMPLOYEE|INFORMATION| |The|average|weekly|number|of|persons|(including|the|Clerk| |to|the|Trustees)|employed|during|the|year was|:| |Office|Staff|2|2| |Wardens|1|1| |Staff|Costs|2,200|2,400| |Salaries|and|National|Insurance|30,740|26,022| |32,940|28,422| |4|INTEREST|RECEIVEABLE|AND|OTHER|INCOME| |Deposit|Interest|148|32| |Investment|Income|9,003|8,581| |Hosyer-Foxe|Management|Contribution|6,000|4,000| |15,151|12,613| |5|DEFICIT ON|ON|ORDINARY|ACTIVITIES|BEFORE|TAXATION| |Surplus|on|Ordinary|Activities|before|Taxation|is|stated|after| |charging|:| |Auditors’|Remuneration|(including|VAT)|in|their|capacity| |as|Auditors|3,055|2,906| |6|TAXATION| |The|Hosyer-Foxe|Charity|is|a|registered|Charity|and|is| |therefore,|exempt|from|liability|to|taxation|on|it's|Income|and| |Capital|Gains.| **----- End of picture text -----**
6. ## HOSYER-FOXE CHARITY ## Notes to Financial Statements Continued For the Year Ended 31 December 2023 |For the Year Ended 31 December 2023|For the Year Ended 31 December 2023|For the Year Ended 31 December 2023|| |---|---|---|---| |QB|||QD| |7 DEBTORS||£|£| |Prepayments and|Accrued Income|10,884|10,490| |8 FIXEDASSETS||Completed|Completed| |||Housing|Housing| |||Properties|Properties| |Cost at 01 January 2023||222,041|222,041| |Additions at Cost|: Church Walk Development|659,868|659,868| |Less: Depreciation||(47,456)|(46,982)| |Mortgage:|Hall Garth Trust|(301,550)|(310,408)| |||532,903|524,519| |HousingAssociationGrantsat01January2023||109,601|109,601| The Hosyer-Foxe Charity properties were constructed many years ago. There is no record of the original cost and no value is attributable thereto. ## 9 CURRENT ASSETS ## INVESTMENTS The Hosyer-Foxe Charity investments were acquired many years ago. There is no trace so far of the original cost before 01 January 1993 of the COIF Charity Funds Investments, and no value is attributable thereto. |Cost or Base Cost
:|||| |---|---|---|---| |At01January 2023||120,179|120,147| |Additions during the Year||-|-| |Withdrawals during the Year||-|-| |Accumulated Income||148|32| |||120,327|120,179| |The Investments comprise the Following:|||| |140,844 NAACIF Income Shares||43,802|43,802| |248.83 COIF Accumulation Shares||14,504|14,504| |The Charities Deposit Fund||3,521|3,373| |COIF Fixed Interest Fund||3,200|3,200| |COIF Income Units||55,300|55,300| |||120,327|120,179| |MarketValue at 31 December2023||301,552|280,584| |CREDITORS|||| |Amounts falling due within one Year|||| |Creditors and Accruals||11,941|5,849| ||7.||| ## 10 CREDITORS ## HOSYER-FOXE CHARITY |Notes to Financial Statements continued||| |---|---|---| |Forthe Year Ended 31 December 2023||| |See||| ||2023|2022| ||£|£| |11 CONTINGENT LIABILITIES||| |At 31 December2023 and 2022,there were no known contingent||| |liabilities.||| |12 PARTICULARS OFTURNOVERAND OPERATING SURPLUS||| |BEFORE COSTS IN RESPECTOF HOUSINGACCOMMODATION||| |income from Lettings|112,395|105,221| |Operating and Finance Costs|114,444|132,322| ||(2,049)|(27,101)| |Other Income:||| |Interestand Similar Income|6,148|4,032| |Surplus/(Deficit) before Taxation|4,099|(23,069)| |Investment Income|9,003|8,581| |Total Surplus/(Deficit) before Taxation forthe period of||| |Account|13,102|(14,488)| |13 OPERATING COSTS FROM LETTINGS||| |HousingAccommodation (23 Units)||| |Services
Management
Maintenance
Depreciation|30,711
37,525
39,592
474|27,780
32,627
65,040
558| ||108,302|126,005| |14 MORTGAGEACCOUNT||| |Hall Garth Charitable Settlement broughtforward
Add:
Interest|310,408
6,142|319,091
6,317| |Less: Repayment|(15,000)|(15,000)| |BalanceOutstanding|301,550|310,408| 8.