Charlty Registration Number: 223825
H S FlsherTrust
(Hanglngwaler Cottages)
Règistered Charlty 223825
Accoun1¥
For the year &nded 5 Aprll 2025

H S Flsher Trust (HanglngwAtor Cottages)
Charlty registration number 223825
AeGount9
Forthe Year Ended 5 Ap¥ll 2025
Charlty Informailon
Ref¢r¢nce and admlnlstratlve detalls
Trust8a8:
G Connell
V M Wightm8n
Prlnclpal Offi¢e & TrustSollclt¢r8:
Weightmans LLP
1 Whitehall Rlverslde
Whitehall Road
Leeds
LS14BN
Bankors:
The Royal Bank of Scotland plc
Sheffleld Church street Branch
5 Church Street
Sheffield
S11HF
Eslate Agents:
Blundells
896 Eccle8811 Road
Sheffield
S118TP
Indepondent Examlnor:
D F Booker FCA
38 Moorside
Sheffield
S104LN

H S FisherTrust (Hangingwater Cottages)
Charlty reEl8trallon number 223826
Report ol thg Trustees forthe y￿r èndèd 5 Aprll2025
Structure, Governance and Management
Preamble
The Henrletta Sarah Fisher Deceased Trust was created by th8 Settlor, Henrletta Sarah Fisher. vis a
Deed dated 4 November 1936 and 1$ a registered ch8rlty12238251 governed tythe Charltles Act 2011.
Tru¥tees
The Trustees who have served duringthe year 8nd since the year end are set out on Page 1.
The originalTru8tees, Douglas Stephenson Branson and Barbara Branson were related to the Settlor,
Henrletta Sarah Fisher. All subsequentTrustee8 are succ6ssor8 of the original Truste8S.
The current trust&es were appolnted In Aprll 1997 and December 2016 on the retlrement of prevlous
trustees. Their selection was by personal recommendatlon given that their skills and work experience
complemented the work undertaken by the Charity.
Organlsational Structure
The Charlty is admlnist8Yed by the Trustees wlth day-to-day administration being carried out by the
Trust Sollcitor8.
All decislons concernSng the Investment of resources and non-recurring expenditLJre are made by
Trustees lolntly, Welghtmans LLP act as Trust Solicitors and ¢Jgal with the trust admlnistration.
Countiywide Estate Agents trading as Blundells provide rent collection servlces in connection with the
16 residentlal flats owned by the Trust.
Rlsk Management
The Truste88 keep an ongoing review of any major r18ks to whlch the Charlty. or it8 asset8, may be
exposed and will implement action as necessaryto mitigate those risks. Health and safety Issues in
connectlon wlth the Trust propertles are regularly monitored and approprlate actlon taken as requlred.
Oblectlve8 and actlvltle8
Oblects
The objects of the charity ar8 to provide subsidised accommodation fr)r persons over th8 age of $5
years, who were born in Sheffield or who have resided in Sheffield for not less than 20 years.
Proferenc8 Is to be given to married couples. as det8rmin8d under the Inltlal Instructions and guldance
glven bythe Settlor. The charlty provides the 3ervlces of a gardener and caretakerto tenants.
Via the Trust Deed. the Trustees are empowered. after retaining a reserve fund forthe future repair and
maintenance of the Trust's residential accommodation. to donate any surplus of funds to any
Charlt8ble Institution or object.
The main assets of the Trust comprises of 4 blocks of flats w5th 4 indlvidual flats In each block. There
are 8 single bedroom flats and 8 two-bedroom flats. TheTrustee$ able to flx the r8nts at an
appropriate monthly rent81 so that accommodatlon Is aflordable for all appllcants. The market rents

for the flats were 188t evaluated by Blundell's as part of a Report & Valuation of the properties that was
carried out in November 2017. The postal address of the flats is 162- 174A Hangingwater Road,
Sheffield. S117ET.
Alms ond Maln ObJectlve8
The charity provldes subsidlsed accommodatlon for up to 24 per8on8 In premi888 that have been
upgraded over recent years.
The Trustee5 payfor the malntenance and insurance of the propertles, The tenants report any
maintenance issues vla Blundell's, who in turn communlcate the posltlon to the Trust Soucitors who
will obtaln the Trustees vlews and agreement to any action requlred.
The dsy-to-day maintenance of the propertles and the grounds Is carrled out by HLM Property
Management who also arrange the insurance ofthe properties.
The Trust Sollcltors deal with applications from potentlaltenants and drafting tenancy agreements.
Publ1¢ Beneflt
The Trustees h8v6 referred to the guidance contained in the Charity Commissions general guldance on
public benefit when reviewingtheir aims and objectlv88.
Th8 focus of the Charltles actlvities remains the provision of subsidised accommodation for
pensioners who have reslded in Sheffleld not less ihan 20 years. Thls service beneflts elderly people
by provlding them wlth affordable secure and sale homes whilst 9ncour8gingthem to remain
Independent.
Plans for Future Perlods
The Trustees will continually reviewthe operations of the Charity in order to adapt to changes In th8
needs and requirements of the residents, ch8nges to the buildings and grounds and any ¢hang88 to
rol8vant legislation whilst being mlndfLtI of the original intentions of the Charlty when It was
establlshed by Henrl8tta Sarah Fi8h8r.
Achlevements and Performance
Flnanelal Rovlew
Total income forthe year was £100.62112024 £90,260). Expenditure amounted to £130,84112024
£161,476) with repairs at a more modest level £26,23012024 £104,75518nd with other costs,
prlnclpally professional charges. at slmllar levels to la81 yeai. Unfortunately. there was an oxceptional
chaige in the year for Litigatlon and court costs against the tenant of one flatwhl¢h amounted to
£34,497. Ongolng Iitigatlon c08t8 will contlnue in 2025126 and these could be in the order of £100.000.
The Trusts freehold propertles were revalued at £2,040,000 in November 2017 and this valuatlon has
b88n Included in the BalanGe Sheet at 05 April 2025.
Reservas pollcy
The Trustees h8ve established a policywherebythe unrestrlcted fund$ whlch are not invested in tho
freehold property I'the free reserves'l held by the Charity should be malntained at 8 level Sn excess of
£90,000 that can adequatelyfund the ongolng programme of Improvements and renovatlon to the
fabric of the flats. thereby enhancing the quality of life for the pensloners who are Sn resldence.

Statemenl of Trusteès, respon81blllll88
Law appllc8ble to charltles In England and Wales requlres the Trustees to prepare flnancl81 statements
for each financialyear which ￿1ve a trua and fair view of the charity's f inancial actlvities duringthe year
and of it8 financlal position at the end of the year.
In preparingthose tinanclal statements, the trustees are required to:
Select suitable accountlng polScSes and then apply them Conslsiently;
Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards and statements of recommended practlc8
have been followed subJecttO any departur88 disclosed and explalned in the Ilnanclal
statBrnents' and
• Prepare the flnancial ststements on the going concern b8sls unless It is inappropriate to
presume that the charitywlll contlnue In bu81ness.
The Trustee8 are responslble Tor keeplng accounting records which dlsclose wlth re88onable accuracy
at any tlme the financlal posltlon of the charity and enable them to ensure that the financi81
stat8rnents complywlth the Charities Act 2011 and the provlslons of the Trust Deed. They are also
responslble for safeguarding the assets of the Gharlty and henc8 for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Tho Trustees. annual report was approved by tha Trustee8 on 16 Deoomber 2025
G Connell
Tru8tee8
V M Wsghtm8n

H S Flsher Trust (Hangingwater Cott8ge$l
Statement of Flnanclal Actlvltles
Forth8 year ended 5 Aprll2025
2025
2024
Note
Income
Rents receivable
Investmènt income
Interest recelvable
97,100
2,345
1,176
87,864
2.060
336
100,621
90,260
Expgndlture
Cost of generatlngfunds
Q,￿￿ th1,42fi
Excess of Income over expendllure betOTe tslns on
Invostments
{30,220}
{71,216}
ILosses}IGains on investments
-&4fj41
Net movamèntln funds
{32,6841
{65,2841
TotalfundB broughtfonNard
L68,&2Q 2.231EQ4
Totalfunds oarrlgd forwBrd
There are no restrlei6d funds

H S FlsherTrust (Hangingwater Coltage8)
Balanc8 Sheet-5Aprll 2025
2025
2024
Nots
Freehold properties
Quoted investments
2,040.000
2,040,000
2,112,302
2.120.480
Cash with Est8te Agents
Cash at bank
Cash with Solicitors
90
39,560
1,502
36,828
2.158.184
2,170.680
Credltors
Tot81 net assets
Rapresentad by,.
1222
Trust Fund- unrestrlcted
Approved by the Tru8tee$ on 16 Deeember 2025
G Connell
Trust8e8
V M Wlghtman

H S FlsherTrust (Hanglngwater Coltago8)
Notes to the flnancial statements
1 Ac¢ountlngpoll¢les
Accountlng conventlon
Th8 account8 have b8en prepared In accordance wlth the ch8rlty'S Scheme of the Charity
Commissloners, the Charities Act 2011 and"Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing thelr accounts In
accordance with the Financial Rèportlng standard appll¢8ble in the UK and Republlc of Ireland
IFRS 1021" The charlty Is a Publlc Beneflt Entlty as deflned by FRS 102.
The accounts are prepar6d in sterling. which is the functional currency of the charlty.
Monetary amounts In thes8 financial statements are rounded to the nearest £,
The accounts have been prepar8d under the hlstoric81 cost convention. modlf18d to Include
the revaluation of freehold properties. The principal accounting policies adopted are set out
below.
Golng concern
At the time of approvingthe accounts. the trusteos have a re8sonable expectation that the
charity has adequote resources to continue in operational exlstence for the foreseeable future.
Thus the trustees continue to adopt the golnE concern basis of accountlng In preparlng the
accounts.
Charltablefunds
Unrestricted fund8 are available for use Bt the dlscretlon of the trustges in furth6Tanc8 of th8ir
charltable oblectlves unless the funds have been designated for other purposes.
Incomlng resources 8re accounted for on an accru818 ba818.
Resources oxpended are included on an accruals basis and are reGognised where there is a
legal or constructive obiigatSon to pay for expendlture and include unrecoverabl8 VAT.
Freehold propertle$
The trust properties are carrled In the B818nce sheet 8t market value sublect to exlstlng
tenancies. No provision is made for depreciation.
Quoted Investment
Quoted investments are carried In the Balance sheet at market value and g8lns and losses
8XlSting 8re accounted for in the Statement of FinancialActivili88.

H S Fisher Trust (Hanglngwater Cottages)
Notes to the flnanclal statemonts continued.
2 Costs of ggneratlngfunds
2025
2024
Property Costs
Estate Agents collection charges and disbursements
Property Management Charges
Repairs-Een8ral
Councll tax on empty properlie8
Litigation an¢J legal COSIS against tenani
14,768
24.576
26.230
14,590
17,997
104.755
1,077
-l4,4&Z
100,071
138.419
Other costs
Legal administration charge
Investment manage¥s' lees
Independent examiner's fees
28.554
716
20,640
917
Q.&￿ ￿.4zfi
3 Investmentlncoma
2025
2024
Dividend Income
2A4&
4 Net {Lo8se$) Galns on Investments
2025
2024
Realised gains on quoted investments
Loss on quoted investments
29
12961
32
5 Fr8ehold Propertles
Balanclng at beginning of ygar
Additions
Disposals
Revaluation
2.040,000
Balance at end of year
2,Q4Q,QQQ
The Trusts properties were PTofessionally valued by Countrywide Estate Agents t¥ading as Blundells in
NovembeT 2017.

H S Fl$herTrust (Hanglngwater CottaPsl
Charlty reglgtratlon number223825
Year ended 5 Aprll 2025
Independent Examlner'3 Reportto the Trustees
I report on the attached 8ccount8 of the Charlty forthe year ended 5April 2025 wh5ch 8re set out on
pages 5 to9.
Rospectlve r88pon8lbllltles of Tru8tee8 and Examlner
Th8 Charity'8 Trustees ar6 responsible forthe preparation of the account8. The Charity'8 Trustees
conslder that an audit is not required for this year undei section 14412} of the Chorltles Act 2011 Ithe
2011 Act) and that an independent ex8minatlon is needed.
It Is my respon8ibllStyto:
Examine the accounts under se¢tion 145 of the 2011 Act.
Follow the procedures laid down In the genero1 Directions given by the Charity Commission
under section 145151 Ibl of the 2011 Act: and
State whether particular matter8 have comg to my altentlon.
Ba8ls of Independent Examlner's roport
My examlnation w88 carrled out in accordance wlth the General Dlrectlons gfven bythe Charity
Commlssloners. An examin8tlon includes a review of the accounting records kept by the Charity and a
comparlson of th8 accounts presented wlth those records. It also Includes consideratlon of any
unusual items or disclosures in the a¢¢ounts, and s88king expianatlon from you as Trustées
concelning any such matters. The procedures undertaken do not provlde all the evidence thatwould
b8 requlied in an audit and consequently no opinion Is given a5 to whether the accounts present 8
'true and fall vlew, and the report Is limited to those matters Set out In the ststement below.
Indgpendent ExaMlner'3 statement
In connectlon with my examlnatlon, no matter had ¢ome to my attention:
1. Which gives me reasonable cause to believe that in any material respect the requlrements:
To keep accountlng records In accordance wlth section 130 of the 2011 Act:
and
To prepare accounts whlch accord wlth the accountlng records and to comply
with the accounting requlrements of the 2011 Act.
have not been met. or
2. To whlch, in my opinion, 8ttentlon should be drawn in orderto enable a proper
understanding of the accounts to b8 reached.
D F Booker FCA
38 Moorside
Sheffield
S104LN
16 December2025
10