## THE HOSYER-FOXE CHARITY 

## FINANCIAL STATEMENTS 

For the Year Ended 31 DECEMBER 2024 

|Statement ofTrustee Responsibilities|Page 1|
|---|---|
|Report ofthe Auditor|Page 2|
|Income and Expenditure Account|Page 3|
|Balance Sheet|Page 4|
|NotestotheFinancialStatements|Pages5to8|



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. 



REPORT OF THE AUDITORS TO THE TRUSTEES OF 

## HOSYER-FOXE CHARITY 

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 2024 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. 

, 


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G. Robinson (Accountants) Limited Chartered Certified Accountants 14 Broad Street Ludlow Shropshire SY8 1NG 

26 June 2025 

2. 



## HOSYER-FOXE CHARITY 

## Income and Expenditure Account 

Year Ended 31 December 2024 


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|||||||||
|---|---|---|---|---|---|---|---|
|Notes|2024|2023|
|£|£|
|TURNOVER|
|Income|13|118,884|112,395|
|Less:|Operating|Costs|14|131,153|108,302|
|Finance|Costs|15|5,963|6,142|
|(18,232)|(2,049)|
|Interest|Receivable|and|Other|Income|4|9,804|15,151|
|Surplus/(Deficit)|before|Taxation|(8,428)|13,102|
|Taxtion|5|~|=|
|SURPLUS/(DEFICIT)|FOR THE YEAR|12|(8,428)|13,102|

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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. 

## Leder. Kltandele.. Trustee 


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3. 



## HOSYER-FOXE CHARITY 

## Balance Sheet 

## As at 31 December 2024 

||Notes|2024|2023|
|---|---|---|---|
|||£|£|
|FIXED ASSETS||||
|Housing Properties:||||
|Cost|8|881,909|881,909|
|Less : Housing Association Grant||(109,601)|(109,601)|
|Mortgage Account|15|(292,513)|(301,550)|
|Depreciation||(47,859)|(47,456)|
|||431,936|423,302|
|CURRENT ASSSETS||||
|Debtors|7|6,394|10,884|
|Investments|9|120,507|120,327|
|Cash at Bank and in Hand||8,821|28,053|
|||135,722|159,264|
|CREDITORS||||
|Amounts falling due within one year|10|5,461|11,941|
|Net Current Assets||130,261|147,323|
|Total Assets Less Current Liabilities||562,197|570,625|
|CAPITALAND RESERVES||||
|Reserves||||
|Balance brought forward||570,625|557,523|
|Surplus/(Deficit) forthe Year||(8,428)|13,102|
|TotalCapitalandReserves||562,197|570,625|



These Financial Statements were approved by the Committee of Management on and signed on its behalf by the Trustees. 

## lion. Loin beh. Trustee 


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4. 



THE HOSYER-FOXE CHARITY 

## NOTES TO THE FINANCIAL STATEMENTS 

For the Year Ended 31 December 2024 

## 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 

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 2024 

||||||2024|2023|
|---|---|---|---|---|---|---|
||||||£|£|
|2|DIRECTOR'S EMOLUMENTS||||||
||The Directors are defined as the Trustees and the Clerk|||to the|||
||Trustees.||||||
||Emoluments||||11,448|8,751|
||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|
||StaffCosts||||3,600|2,200|
||Salaries and National Insurance||||20,346|30,740|
||||||23,946|32,940|
|4|INTEREST RECEIVEABLE AND OTHER INCOME||||||
||Estate Donations||||210|0|
||Deposit Interest||||180|148|
||Investment Income||||9,414|9,003|
||Hosyer-Foxe Management|Contribution|||0|6,000|
||||||9,804|15,151|
|5|DEFICIT ON ON ORDINARY|ACTIVITIES BEFORE TAXATION|||||
||Surplus on Ordinary Activities before Taxation is stated|||after|||
||charging<br>:||||||
||Auditors' Remuneration (including VAT) in their capacity||||||
||as Auditors||||3,200|3,055|
|6|TAXATION||||||
||The Hosyer-Foxe Charity is|a registered Charity|and is||||
||therefore, exemptfrom liability to taxation on it's Income and||||||
||CapitalGains.||||||



6. 



## HOSYER-FOXE CHARITY 

## Notes to Financial Statements Continued 

## For the Year Ended 31 December 2024 


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|---|---|---|---|---|---|---|---|---|---|---|---|---|
|7|DEBTORS|£|£|
|Prepayments|and|Accrued|Income|6,394|10,884|
|8|FIXED ASSETS|Completed|Completed|
|Housing|Housing|
|Properties|Properties|
|Cost|at 01|January|2024|222,041|222,041|
|Additions|at|Cost|:|Church|Walk|Development|659,868|659,868|
|Less:|Depreciation|(47,859)|(47,456)|
|Mortgage:|Hall|Garth|Trust|(292,513)|(301,550)|
|541,537|532,903|
|Housing Association|Grants|at 01 January 2024|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.|

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## 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. 


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|||||||
|---|---|---|---|---|---|
|Cost|or|Base|Cost:|
|At 01 January 2024|120,327|120,179|
|Additions|during|the|Year|-|-|
|Withdrawals|during|the|Year|.|ss|
|Accumulated|Income|.|180|148|
|120,507|120,327|
|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|3,701|3,521|
|COIF|Fixed|Interest|Fund|3,200|3,200|
|COIF|Income|Units|55,300|55,300|
|120,507|120,327|
|Market Value|at 31|December 2024|307,307|301,552|
|CREDITORS|
|Amounts|falling|due|within|one|Year|
|Creditors|and|Accruals|5,461|11,941|
|7.|

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## 10 CREDITORS