REGISTERED CHARITY NUMBER: 217544
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR
BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
Wallace Crooke
Chartered Accountants
& Registered Auditors
College House
St. Leonards Close
Bridgnorth
Shropshire
WV16 4EJ

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024
Page
Report of the Trustees
Report of the Independent Auditors
Statement of Financial Activities
10
Balance Sheet
11
Cash Flow Statement
12
Notes to the Cash Flow Statement
13
Notes to the Financial Statements
14 to 23
Detailed Statement of Financlal Activities
24

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 MARCH 2024
3113124
Total
funds
3113123
Total
funds
Unrestricted Restricted
funds
fund
Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
Rental and associated income
Other
413,913
613
413,913
613
389,205
763
Investment income
Other income
19,067
1,452
19,067
1,452
19,782
17,058
Total
435,045
435,045
426,808
EXPENDITURE ON
Charltable activities
Expenditure on charitable activities
397,196
397,196
407,234
Net gains/(losses) on investments
46,460
46,460
(39,457)
NET INCOMEI(EXPENDITURE)
84,309
84,309
(19,883)
RECONCILIATION OF FUNDS
Total funds brought forward
12,534,927
12,534,927 12,554,810
TOTAL FUNDS CARRIED FORWARD
12,619,236
12,619,236 12,534,927
The notes form part of these financial statements
-10-

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
BALANCE SHEET
31 MARCH 2024
3113124
Total
funds
3113123
Total
funds
Unrestricted Restricted
funds
fund
Notes
FIXED ASSETS
Tangible assets
Investments
13,005,792
756,625
13,005,792 12,985,573
756,625
699.684
10
13,762,417
13,762,417 13,685,257
CURRENT ASSETS
Debtors
Investments
Cash at bank and in hand
11
12
14,797
4,307
35,938
14,797
4,307
35,938
28,514
4,109
79,855
55,042
55,042
112,478
CREDITORS
Amounts falling due within one year
13
(71,107)
(71,107)
(72,888)
NET CURRENT ASSETS
(16,065)
(16,065)
39,590
TOTAL ASSETS LESS CURRENT
LIABILITIES
13,746,352
13,746,352 13,724,847
CREDITORS
Amounts falling due after more than one year 14 (1,127,116)
(1,127,116) (1,189,920)
NET ASSETS
12,619,236
12,619,236 12,534,927
FUNDS
Unrestricted funds
17
12,619,236 12,534,927
TOTAL FUNDS
12,619,236 12,534,927
The financial statements were approved by the Board of Trustees and authorised for issue on
19 September 2024 and were signed on its behalf by:
y - Chair
an - Trustee
The notes form part of these financial statements
-11-

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
CASH FLOW STATEMENT
for the Year Ended 31 MARCH 2024
3113124
3113123
Notes
Cash flows from operatlng activities
Cash generated from operations
Interest received
25,551
(199)
(27,842)
(144)
Net cash provided by/(used in) operating activities
25,352
(27,986)
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of intangible fixed assets
Sale of fixed asset investments
Transfer of current investment
Interest received
Dividends received
(20,219)
(11,549)
1,452
1,068
(48,203)
(12,261)
17,058
53,419
50,000
148
19,634
195
18,872
Net cash (used in)Iprovided by investing activities
(10,181)
79,795
Cash flows from financing activities
Loan repayments in year
(59,088)
(57,422)
Net cash used in financing activities
(59,088)
(57,422)
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
(43,917)
(5,613)
79,855
85,468
Cash and cash equivalents at the end
of the reporting period
35,938
79,855
The notes form part of these financial statements
-12-

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
NOTES TO THE CASH FLOW STATEMENT
for the Year Ended 31 MARCH 2024
RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES
3113124
3113123
Net incomel(expenditure) for the reporting period (as per the
Statement of Financial Activlties)
Adjustments for:
(Gain)/losses on investments
Profit on disposal of fixed assets
Interest received
Dividends received
Decrease/(increase) in debtors
Decrease in creditors
84,309
(19,883)
(46,460)
(1,452)
(195)
(18,872)
13,717
(5,496)
39,457
(17,058)
(148)
(19,634)
(9,103)
(1,473)
Net cash provided byl(used In) operations
25,551
(27,842)
ANALYSIS OF CHANGES IN NET DEBT
At 114123
Cash flow
At 3113124
Net cash
Cash at bank and in hand
79,855
(43,917)
35,938
79,855
(43,917)
35,938
Llquld resources
Deposits included in cash
Current asset investments
4,109
198
4,307
4,109
198
4,307
Debt
Debts falling due within 1 year
Debts falling due after 1 year
(56,677)
(1,189,920)
(3,715)
62,804
(60,392)
(1,127,116)
(1,246,597)
59,089
(1,187,508)
Total
(1,162,633)
15,370
(1,147,263)
The notes form part of these financial statements
-13-

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities:
statement of Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have
been prepared under the historical cost convention, with the exception of investments which are
included at market value, as modified by the revaluation of certain assets.
Critical accounting judgements and key sources of estimation uncertalnty
The preparation of the financial statements requires the trustees to make judgements, estimates and
assumptions that affect the amounts reported for assets and liabilities as at the Balance Sheet date
and the amounts reported of income and expenses during the year; however, the nature of estimation
means that actual outcomes could differ from those estimates. The following areas of judgements
(apart from those involving estimates) and estimates have had the most significant effect on amounts
recognised in the financial statements:
Tanglble fixed assets
The charity carries its tangible fixed assets at valuation, where they were acquired prior to the latest
professional valuation, with changes in fair value being recognised in the Statement of Financial
Activities. The trustees review the carrying value of the tangible fixed assets at each year end taking
into consideration recent professional valuations and market trends
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed to particular headings they have been
allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Freehold land and buildings are stated at cost or valuation. Housing properties are included at
valuation unless acquired after the latest valuation, in which case they are valued at cost. The value
being based on existing use value for social housing. Full valuations are undertaken at least every 5
years, and an interim valuation is carried out in year 3. The trustees have not accounted for
depreciation on its housing properties as their estimated remaining useful economic lives exceed 50
years.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes.
-14-
continued..

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024
ACCOUNTING POLICIES - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Extraordinary Repair Fund
The purpose of this fund is to fund large non-recurring repairs to the charities properties
Cyclical Maintenance Repair Fund
The purpose of this fund is to fund foreseeable, regularly recurring maintenance work on the charities
properties
Capital Reserve Fund
The purpose of this fund is to provide funds for capital acquisition.
General Funds
General funds represent the free funds of the Charity which are not designated for particular purposes.
Investments
Investments are stated at their market value at the balance sheet date. Gains or losses during the year
have been credited or debited to the Statement of Financial Activities in the year in which the gain or
loss has been made.
Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
Going concern
The Board of Trustees has reviewed the charitys financial position and consequently believes that
there are sufficient resources available to manage any foreseeable operational or financial risks. The
Board, therefore, considers there is reasonable expectation that the charity has adequate reSoUr￿S to
continue in operational existence for the foreseeable future. For this reason, the Board of Trustees
continues to adopt the going concern basis of accounting in preparing the financial statements.
INVESTMENT INCOME
3113124
3113123
Investment income
Bank interest
18,872
195
19,634
148
19,067
19,782
-15-
continued...

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS- continued
for the Year Ended 31 MARCH 2024
INCOME FROM CHARITABLE ACTIVITIES
3113124
3113123
Activity
Rental and associated income
Rental income
Licences and heating
contributions
Other Income
387,329
364,234
Rental and associated income
Other
26,584
613
24,971
763
414,526
389,968
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 5)
Support
costs (see
note 6)
Totals
Expenditure on charitable activities
315,785
81,411
397,196
DIRECT COSTS OF CHARITABLE ACTIVITIES
3113124
3113123
Water rates and council tax
Insuran
Light and heat
Repairs and renewals
Grass cutting and garden maintenance
Mortgage interest
Loan interest
24,893
8,337
26,616
179,650
9,971
2,153
64,165
22,873
7,540
25,685
209,856
12,982
2,191
56,293
315,785
337,420
SUPPORT COSTS
Govemance
costs
Expenditure on charitable activities
81,411
Support costs, included in the above, are as follows:
Governance costs
3113124
Expenditure
on
charitable
activities
3113123
Total
activities
Wages
Auditors, remuneration
Professional charges
Administrative costs
43,802 7*
3,goo
24,261
9,448
42,040
3,700
15,330
8,744
81,411
69,814
-16-
continued...

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the
year ended 31 March 2023.
Trustees. expenses
There were no trustees, expenses paid for the year ended 31 March 2024 nor for trie year ended
31 March 2023.
STAFF COSTS
3113124
3113123
Wages and salaries
43,802
42,040
43,802
42,040
The average monthly number of employees during the year was as follows:
3113124
Management and administration
3113123
No employees received emoluments in excess of £60,000.
The average number of employees is calculated on a full time equivalent basis, analysed by function.
TANGIBLE FIXED ASSETS
Freehold
propety
COST
At 1 April 2023
Additions
12,985,573
20,219
At 31 March 2024
13,005,792
NET BOOK VALUE
At 31 March 2024
13,005,792
At 31 March 2023
12,985,573
-17-
continued...

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS - contlnued
for the Year Ended 31 MARCH 2024
TANGIBLE FIXED ASSETS - continued
2024
2023
Market Values:
Wardle Close
St Stephens Place
Sevem Street
10 Church Street
3 St. Leonards Close
Spinners Court
Various Land
178,420
3,974,230
3,380,456
497,170
747,920
4,163,845
63,750
178,420
3,974,230
3,372,900
497,170
747,920
4,151,182
63,750
13,005,791
12,985,572
2024
2023
Historic Cost:
Wardle Close
St stephens Place
Severn Street
Spinners Court Development
156,063
108,297
2,144,721
2,550,193
156,063
108,297
2,137,165
2,537,529
4,959,274
4,939,054
All freehold land and buildings are used for direct charitable purposes. The freehold land and buildings
were valued by Ress Associates, Chartered Surveyors, on the basis of open market values in August
2019.
None of the freehold property that is owned by the charity has been depreciated during the year ended
31 March 2024, nor for the year ended 31 March 2023.
10. FIXED ASSET INVESTMENTS
2024
2023
Market Values:
Opening values
Additions
699,683
11,549
780,299
12,260
Disposals
Net gains (losses) on revaluations during year
-1,069
46,462
-53419
-39,457
Closing values
756,625
699,683
Historic cost
255,968
245,487
There were no investment assets outside the UK.
-18-
continued...

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS- continued
for the Year Ended 31 MARCH 2024
10.
FIXED ASSET INVESTMENTS - continued
The market values of the fixed asset investments at the year end are as follows:
2024
2023
COIF Income Shares
COIF Accumulation Shares
M&G Charity Multi Asset Fund Income
M&G Charity Multi Asset Fund Accumulation
230,028
201,235
27,114
298,248
210,935
179,397
29,166
280,185
756,625
699,683
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3113124
3113123
Rental and maintenance debtors
Debtor adjustment account
Other debtors
Prepayments
11,449
(1,372)
14.083
49
10,494
3,888
4,720
14,797
28,514
12. CURRENT ASSET INVESTMENTS
3113124
3113123
COIF deposit
Bank deposit
4,204
103
4,009
100
4,307
4,109
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3113124
3113123
Bank loans and overdrafts (see note 15)
Other loans (see note 15)
Trade creditors
Pension due
Accrued expenses
58,392
2,000
1,909
224
8,582
54,677
2,000
4,775
205
11,231
71,107
72,888
-19-
continued...

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
REPORT OF THE TRUSTEES
for the Year Ended 31 MARCH 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March
2024. The trustees have adopted the provisions of the Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
REPORT OF THE TRUSTEES
for the Year Ended 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
Objectives and alms
(i) The objects of the charity are:
(li) the provision of Almshouse accommodation for beneficiaries. and
(iii) such charitable purposes for the benefit of the residents as the trustees decide.
The relief of poverty (relief in need scheme)
The Charity owns 79 properties throughout the Town of Bridgnorth on 5 sites.
Beneficiaries of the Charity are appointed on licence using the following criteria:_ Persons in need who are
inhabitants of the area covered by the former Bridgnorth District Council as at the date it was abolished and
replaced by Shropshire Council (1 st April 2009) Preference shall be given to women.
Trustees hold a list of people wishing to be considered for accommodation, when a vacancy occurs the
Trustees consider the list and decide using the above criteria who in their opinion is most in need of the
available accommodation.
The Charity does not currently advertise for its waiting list.
Management
Trustees continue to revise and update their operational policies.
The Finance Committee continues to look at the financial arrangements of the Charity in more depth.
Decisions from these meetings are ratified at the full Trustee meetings.
The Selections committee continue to meet on a ad hoc basis to select residents. Decisions from these
meetings are ratified at full Trustee meetings.
Trustees
There remains 1 vacancy
Mr Robert Davies resigned as Chair of the board of Trustees on 31 st March 2024.
Ms Vanessa Voysey was appointed Chair of the board of Trustees from 1 st April 2024.
Beneficlarles
The Almshouse resident's ages currently range from 24 to 97.
During the year:
2 residents moved out of the area.
2 Moved into residential care
8 internal moves to more suitable accommodation.
3 residents have sadly died
3 moved out following a change in personal circumstances
We have welcomed 12 residents to the Charity from a wide section of society.
We have housed people facing homelessness, the disabled and those undergoing acute financial hardship.
It is the opinion of the Trustees that the charitable objectives have been met.
Properties
During this year 18 properties became vacant and following any works necessary were relet. Income loss
during the year whilst higher than we would like, remains consistent with expectations due to the amount of
work that has been undertaken.

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
REPORT OF THE TRUSTEES
for the Year Ended 31 MARCH 2024
Renovations to some of the vacant properties taken longer than expected due to the amount of work needed.
Public benefit
The Trustees have reviewed the Charity Commission's guidance on the requirement to report on public
benefit. The Board is satisfied that the work of the charity, described below, accords with its stated objects
and provides tangible public benefit to a wide section of those who reside within the charitvs areas of benefit;
the criteria used to assess those who may benefit are not unreasonably restrictive.
Trustees remain committed to their charitable obligation to provide further homes whether through
development of land already owned or through acquisition.
FINANCIAL REVIEW
Princlpal funding sources
The charitys income for the year totalled £435,044 (rental and associated income £415,977 and investment
income £19,067) The charitys funds applied in the year totalled £397,197 leaving net incoming reSoUr￿S
before gains on investment and other assets of £37,849.
Total net assets of the charity amounted to £12,619,236. The trustees are of the opinion that the charity has
sufficient assets available to fulfil its obligations and future commitments.
Investment pollcy and objectives
It is the opinion of the Trustees that the investment performance has ex￿eded reasonable forecasts. The
total investment value at 31.3.2024 was £756,625 compared to £699,684 on 31.3.2023.
Reserves policy
The Trustees have established, by way of transfer from the unrestricted funds, a cyclical maintenance fund
and an extraordinary repair fund. Details of these funds are disclosed in the financial statements. It is the
opinion of the Trustees that these funds are adequate for the repairs noted on the quinquennial reports.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Following an amalgamation of the following General Municipal Charities which had been regulated under a
scheme of the Charity Commissioners dated the 23rd November 1934 The Bridgnorth General Municipal
Charity was formed.
1. The Almshouse Charity
2. The Charity of John Guest
3. The Charity of William Pulley
4. The Spinners Charity
5. The Charity of Walter Wrottesley
6. Reverend Francis Palmer's Hospital (incorporated 15th June 2006)
The above mentioned Charities are administered and managed together as one Charity under the title of the
Bridgnorth General Municipal Charity (Known as Bridgnorth Housing Trust) subject to and in conformity with
the provisions of a scheme dated 26th June 1979;
amended 5th January 1988;
amended 21st October 1998;
amended 15th June 2006;
and constitutes an unincorporated charity.

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
REPORT OF THE TRUSI"EES
for the Year Ended 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
There are 12 Trustees co-opted to the board for a period of 5 years.
Trustees shall be persons who through residence, occupation, employment or otherwise have special
knowledge of the Bridgnorth area.
Day to day management and administration of the Charity is carried out by the Clerk to the Trustees, Mrs
Joanne Talbot-Bibb, assisted by Mrs L Davis from the offices situated at The Office, Spinners Court, st
Stephens Place, Bridgnorth, with advice from the Trustees.
Risk management
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
217544
Princlpal address
The Office
Spinners Court
St Stephens Place
Bridgnorth
Shropshire
WV15 6AE
Trustees
Mr R V Davies
Mrs H Howell
Mrs J Durham
Mr D Moorhouse
Mr D Walker
Mr T Brettell
Mr C Rawlings
Mrs V Voysey - Chairman
Miss P Oakley
Mrs N Cooper
Mr J Gittens
Auditors
walla￿ Crooke
Chartered Accountants
& Registered Auditors
College House
st. Leonards Close
Bridgnorth
Shropshire
WV16 4EJ
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
REPORT OF THE TRUSTEES
for the Year Ended 31 MARCH 2024
STATEMENT OF TRUSTEES. RESPONSIBILITIES - continued
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports)
Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the charity and of the incoming
resources and application of resources, including the income and expenditure, of the charity for that period. In
preparing those financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP"
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions
of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for preparing the Report of the Trustees and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practi￿).
Approved by order of the board of trustees on 19 September 2024 and signed on its behalf by:
Mrs V Voys
airman
rustee

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
Opinion
We have audited the financial statements of Bridgnorth Housing Trust Registered name of: Bridgnorth
General Municipal Charity (the 'charity) for the year ended 31 March 2024 which comprise the Statement of
Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements,
including a summary of significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charivs affairs as at 31 March 2024 and of its incoming
resources and application of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
and
have been prepared in accordan￿ with the requirements of the Charities Act 2011.
Basis for oplnion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditors,
responsibiltties for the audit of the financial statements section of our report. We are independent of the
charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in
the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitys ability to continue as a
going concern for a period of at least twelve months from when the financial statements are authorised for
issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other information
The tiustees are responsible for the other information. The other information comprises the information
included in the Annual Report, other than the financial statements and our Report of the Independent Auditors
thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and,
in doing so, consider whether the other information is materially inconsistent with the financial statements or
our knowledge obtained in the audit or othe￿iSe appears to be rnaterially misstated. If we identify such
material inconsistencies or apparent material misstatements, we are required to determine whether this gives
rise to a material misstatement in the financial statements themselves. If, based on the work we have
performed, we conclude that there is a material misstatement of this other information, we are required to
report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports)
Regulations 2008 requires us to report to you if, in our opinion:
the information given in the Report of the Trustees is inconsistent in any material respect with the financial
statements; or
sufficient accounting records have not been kept. or
the financial statements are not in agreement with the accounting records and returns; or
we have not re￿iVed all the information and explanations we require for our audit.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
Responsiblllties of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the trustees are responsible for the
preparation of the financial statements which give a true and fair view, and for such internal control as the
trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitys ability to
continue as a going concem, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the charity or to ￿ase operations, or
have no realistic alternative bLrt to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
Our responsibilitles for the audit of the flnanclal statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance
with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material rnisstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors
that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audlt conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial staternents.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud is detailed below:
We gained an understanding of the legal and regulatory framework applicable to the company and the
industry in which it operates and considered the risk of material misstatement in respect of irregularities,
including fraud and non-compliance with laws and regulations. This included those regulations directly related
to the financial statements, including financial reporting, tax legislation and industry regulations including
GDPR, employment law, health and safety and warranties.
We communicated the identified laws and regulations with the audit team and remained alert to any
indications of non-compliance throughout the audit. We carried out specific procedures to address the risks
identified.
These included the following:
agreeing the financial statement disdosures to underlying supporting documentation to assess compliance
with provislons of relevant laws and regulations described as having a direct effect on the financial
statements;
enquiries of management including those responsible for key regulations.
performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks
of material misstatement due to fraud;
reviewing minutes of board meetings.
In addressing the risk of management override of controls, we carried out testing of journal entries and other
adjustments for appropriateness, assesslng whether the judgements made In making accounting estimates
are indicative of a potential bias and evaluating the business rationale of significant transactions outside the
normal course of business.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, Including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of Instances of
non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as
fraud involves intentional concealment, forgery, collusion, omission or mlsrepresentation as to what extent the
audit was considered capable of detecting irregularities, including fraud.
A further description of our responsibllities for the audit of the financial statements is located on the Financial
Reporting Council's website at ￿.frc.0rg.uldaudlt0rsreSponSlbllitles. This descrlption forms part of our
Report of the Independent Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
Use of our report
This report is made solely to the charitys trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we rnight state to the
charitys trustees those matters we are required to state to them in an auditors, report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other
than the charity and the charivs trustees as a body, for our audit work, for this report, or for the opinions we
have formed.
((6bty C(LD LL
Wallace Crooke
Chartered Accountants
& Registered Auditors
College House
St. Leonards Close
Bridgnorth
Shropshire
WV16 4EJ
19 September 2024

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS- continued
for the Year Ended 31 MARCH 2024
14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
3113124
3113123
Bank loans (see note 15)
other loans (see note 15)
1,122,116
5,000
1,182,920
7,000
1,127,116
1,189,920
15. LOANS
An analysis of the maturity of loans is given below:
3113124
3113123
Amounts falling due within one year on demand:
Bank loans
Mortgage repayable in less than 1 year
Other loans
40,256
18,136
2,000
41,771
12,906
2,000
60,392
56,677
Amounts falling between one and two years:
Bank loans repayable within 1- 2 years
Mortgage repayable within 1- 2 years
Other loans repayable within 1- 2 years
41,736
372
2,000
43,178
12,906
2,000
44,108
58,084
Amounts falling due between two and five years:
Bank loans repayable within 2 - 5 years
Mortgage repayable within 2 - 5 years
other loans repayable within 2 - 5 years
134,709
138,522
10,936
5,000
3,000
137,709
154,458
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans repayable after more than 5 years
945,299
977,378
16. SECURED DEBTS
The following secured debts are included within creditors:
3113124
3113123
Bank loans
Mortgages
1,162,000
18,508
1,200,849
36,748
1,180.508
1,237,597
The mortgage taken out by the charity is secured upon 1, 2, 6 and 32 Severn Street Bridgnorth, and
their associated assets.
-20-
continued...

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024
16. SECURED DEBTS- continued
The bank loan taken out by the charity is secured by way of a charge over the residential units held by
the charity and located at st Stephens Place, Almhouses, 10 Church Street and Palmers Hospttal, 3 St
Leonards Close.
17. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
3113124
At 114123
Unrestricted funds
Revenue reserve
Unrestricted Extraordinary repair fvnd
Unrestricted Cyclical maintenan￿ fund
Revaluation of investment assets
reserve
Revaluation of fixed assets reserve
3,850,212
36,804
147,196
37,848
(23,370)
(10,470)
33,840
3,864,690
26,334
181,037
454,197
8,046,518
46,460
500,657
8,046,518
12,534,927
84,309
12,619,236
TOTAL FUNDS
12,534,927
84,309
12,619,236
Net movement in funds. included in the above are as follows:
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestrlcted funds
Revenue reserve
Unrestricted Cyclical maintenan￿ fund
Revaluation of investment assets
reserve
435,044
(397,196)
37,848
46,460
46,460
435,045
(397,196)
46,460
84,309
TOTAL FUNDS
435,045
(397,196)
46,460
84,309
-21-
continued...

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS - contlnued
for the Year Ended 31 MARCH 2024
17.
MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
3113123
At 114122
Unrestricted funds
Revenue reserve
Unrestricted Extraordinary repair fund
Unrestricted Cyclical Maintenance fund
Revaluation of investment assets
reserve
Revaluation of fixed assets reserve
3,806,336
72,707
135,596
19,574
24,302
(35,903)
11,601
3,850,212
36,804
147,196
(1)
493,653
8,046,518
(39,456)
454,197
8,046,518
12,554,810
(19,883)
12,534,927
TOTAL FUNDS
12,554,810
(19,883)
12,534,927
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestricted funds
Revenue reserve
Unrestricted Cyclical Maintenance fund
Revaluation of investment assets
reserve
426,808
(1)
(407,234)
19,574
(1)
(39,457)
(39,456)
426,808
(407,234)
(39,457)
(19,883)
TOTAL FUNDS
426,808
(407,234)
(39,457)
(19,883)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
Transfers
between
funds
At
3113124
At 114122
Unrestricted funds
Revenue reserve
Unrestricted Extraordinary repair fund
Unrestricted Cyclical Maintenance fund
Revaluation of investment assets
reserve
Revaluation of fixed assets reserve
3.806,336
72,707
135,596
57.422
932
(46,373)
45,441
3,864,690
26,334
181,037
493,653
8,046,518
7,004
500,657
8,046,518
12,554,810
64,426
12,619,236
TOTAL FUNDS
12,554,810
64,426
12,619,236
-22-
continued...

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS - contlnued
for the Year Ended 31 MARCH 2024
17. MOVEMENT IN FUNDS- contlnued
A current year 12 months and prior year 12 months combined net movement in funds, included in the
above are as follows:
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestricted funds
Revenue reserve
Revaluation of investment assets
reserve
861,852
(804,430)
57,422
7,003
7,004
861,853
(804,430)
7,003
64,426
TOTAL FUNDS
861,853
(804,430)
7,003
64,426
18. RELATED PARTY DISCLOSURES
The charty has taken advantage of exemption, under the terms of Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland,, not to disclose related
party transactions with wholly owned subsidiaries within the group.
There were no related party transactions for the year ended 31 March 2024.
-23-

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF:
BRIDGNORTH GENERAL MUNICIPAL CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 MARCH 2024
3113124
3113123
INCOME AND ENDOWMENTS
Investment income
Investment income
Bank interest
18,872
195
19,634
148
19,067
19,782
Charitable activitles
Rental incorne
Licences and heating contributions
Other Income
387,329
26,584
613
364,234
24,971
763
414,526
389,968
Other income
Gain on sale of intangible fixed assets
Total incomlng resources
1,452
17.058
435,045
426,808
EXPENDITURE
Charitable activitles
Water rates and council tax
Insurance
Light and heat
Repairs and renewals
Grass cutting and garden maintenance
Mortgage interest
Loan interest
24,893
8,337
26,616
179,650
9,971
2,153
64,165
22,873
7,540
25,685
209,856
12,982
2,191
56,293
315,785
337,420
Support costs
Governance costs
Wages
Auditors, remuneration
Professional charges
Administrative costs
43,802
3,900
24,261
9,448
42,040
3,700
15,330
8,744
81.411
69,814
Total resources expended
397,196
407,234
Net income
37,849
19,574
This page does not form part of the statutory financial statements
-24-

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF
BRIDGNORTH GENERAL MUNICIPAL CHARITY
CHURCH STREET ALMSHOUSES
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 MARCH 2024
2024
2023
INCOMING RESOURCES
Investment income
Investment income
Bank interest
18,872
197
19,634
145
19779
Incoming resources from charitable activities
Other income
Licences and heating contributions
Profit on the sale of investments
613
26,584
1,452
763
24,971
17,058
28,649
42,792
Total incoming resources
47,718
62,571
RESOURCES EXPENDED
Direct Charitable Expenditure
Light and heat
Water rates and council tax
Insurance
Repairs and renewals
Other
Gardening
9,057
1,595
732
2,181
12,365
1,487
552
23,873
Support costs
Management
Office and administrative costs
5,229
4,479
5,229
4,479
Total resources expended
18,794
42,756
Net Incoming Resources before transfers
28,924
19,815
Transfer to designated funds
To/From Extraordinary repair fund
To Cyclical repair fund
From Cyclical repair fund
2,436
3,708
(1,894)
3,317
23,932)
6,144
(22,509)
Net Incoming Resources for the Year
35,068
2,694)
This page does not form part of the statutory financial statements
2.fj-

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF
BRIDGNORTH GENERAL MUNICIPAL CHARITY
ST STEPHEN'S PLACE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 MARCH 2024
2024
2023
INCOMING RESOURCES
Incoming resources from charitable activities
Rental income
Other income
134,674
125,472
Total incoming resources
134,674
125,472
RESOURCES EXPENDED
Direct Charitable Expenditure
Light and heat
Water rates and council tax
Insurance
Repairs and renewals
Gardening
Other reliefs
612
12,850
2,604
49,085
2,162
208
11,769
2,319
34,119
7,027
55 442
Support costs
Management
Office and administrative costs
26,489
22,506
26,489
22,506
Total resources expended
93,802
77,948
Net Incoming Resources before transfers
40,872
47,524
Transfer to designated funds
To/From Extraordinary repair fund
To Cyclical repair fund
From Cyclical repair fund
14,197
24,103
23,050
14,156
21,558
21,351)
15,250
14,362
Net Incoming Resources for the Year
56,122
61,886
This page does not form part of the statutory financial statements
26-

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF
BRIDGNORTH GENERAL MUNICIPAL CHARITY
SEVERN STREET
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 MARCH 2024
2024
2023
INCOMING RESOURCES
Incoming resources from charitable activities
Rental income
83,159
81,979
Total incoming resources
83,159
81,979
RESOURCES EXPENDED
Direct Charitable Expenditure
Light and heat
Water rates and council tax
Insurance
Repairs and renewals
Gardening
Mortgage interest
1,154
7,762
1,848
95,749
2,358
2,153
2,475
7,748
1,740
91,921
1,934
2,191
111024
108 009
Support costs
Management
Office and administrative costs
16,356
14,705
16,356
14,705
Total resources expended
127,380
122,714
Net Incoming Resources before transfers
(44,221)
(40,735)
Transfer to designated funds
To/From Extraordinary repair fund
To Cyclical repair fund
From Cyclical repair fund
(44,762)
18,541
8,687
(13,793)
16,583
22,135)
(34,908)
(19,346)
Net Incoming Resources for the Year
79,129)
60,081)
This page does not form part of the statutory financial statements
27-

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF
BRIDGNORTH GENERAL MUNICIPAL CHARITY
THE REVEREND FRANCIS PALMER'S HOSPITAL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 MARCH 2024
2024
2023
INCOMING RESOURCES
Incoming resources from charitable activities
Rental income
36,028
30,999
Total incoming resources
36,028
30,999
RESOURCES EXPENDED
Direct Charitable Expenditure
Light and heat
Water rates and council tax
Insurance
Repairs and renewals
Gardening
Other
15,621
2,201
1,050
21,171
90
10,561
1,432
1,056
45,716
40 133
58 765
Support costs
Management
Office and administrative costs
7,086
5,560
7,086
5,560
Total resources expended
47,219
64,325
Net Incomingl(Outgoing) Resources before transfers
(11,191)
(33,326)
Transfer to designated funds
To/From Extraordinary repair fund
To Cyclical repair fund
From Cyclical repair fund
4,871
7,416
7,658
(25,944)
6,633
6,343
4,630
(25,654)
Net (Outgoing)Ilncoming Resources for the Year
6,561)
58,980)
This page does not form part of the statutory financial statements
28-

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF
BRIDGNORTH GENERAL MUNICIPAL CHARITY
WARDLE CLOSE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 MARCH 2024
2024
2023
INCOMING RESOURCES
Incoming resources from charitable activities
Rental income
6,454
6,122
Total incoming resources
6,454
6,122
RESOURCES EXPENDED
Direct Charitable Expenditure
Light and heat
Water rates and council tax
Insurance
Repairs and renewals
485
100
483
438
89
755
1068
1282
Support costs
Management
Office and administrative costs
1,269
1,098
Total resources expended
2,337
2,380
Net Incomingl(Outgoing) Resources before transfers
4,117
3,742
Transfer to designated funds
To/From Extraordinary repair fund
To Cyclical repair fund
From Cyclical repair fund
609
927
544
829
1,536
1,374
Net (Outgoing)Ilncoming Resources for the Year
5,653
5,116
This page does not form part of the statutory financial statements
29-

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF
BRIDGNORTH GENERAL MUNICIPAL CHARITY
SPINNER'S COURT
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 MARCH 2024
2024
2023
INCOMING RESOURCES
Incoming resources from charitable activities
Rental income
Electricity refund
127,014
119,661
Total incoming resources
127,014
119,661
RESOURCES EXPENDED
Direct Charitable Expenditure
Light & heat
Water rates & council tax
Insurance
Repairs & renewals
Loan interest
171
75
2,003
16,343
64,165
1,784
17,492
56,293
82 682
Support costs
Management
Office and administrative costs
24,983
21,464
Total resources expended
107,665
97,108
Net Incomingl(Outgoing) Resources before transfers
19,349
22,553
Transfer to designated funds
TolFrom Extraordinary repair fund
To Cyclical repair fund
From Cyclical repair fund
12,179
18,541
10,889
16,583
30,719
27,472
Net (Outgoing)Ilncoming Resources for the Year
50,068
50,025
This page does not form part of the statutory financial statements
30-

BRIDGNORTH HOUSING TRUST
REGISTERED NAME OF
BRIDGNORTH GENERAL MUNICIPAL CHARITY
MANAGEMENT, OFFICE AND ADMINISTRATION COSTS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 MARCH 2024
2024
2023
EXPENDITURE
Office salaries
Light and heat
Water rates and council tax
Insurance
Repairs and renewals
Telephone
Computer costs
Printing, postage and stationery
Travel expenses
Bank charges
Audit costs
Professional charges - legal
Professional charges - surveyors
Professional charges - payroll
Bad debts
Sundry expenses
43,802
2,245
758
817
575
1,357
1,021
568
42,040
2,135
546
356
683
993
406
485
800
3,900
882
3,700
24,261
416
15,330
438
892
1,819
Total Management and Administrative Costs
81,412
69,813
Allocation of Management and Administrative Costs
Church Street Almshouses
St Stephen's Place
Severn Street
Reverend Francis Palmer's Hospital
Wardle Close
Spinnerfs Court
5,229
26,489
16,356
7,086
1,269
24,983
4,479
22,506
14,705
5,560
1,099
21,464
Total Management and Administrative Costs
81,412
69,813
This page does not form part of the statutory financial statements