Foscote records loss

In Foscote Court (Banbury) Trust’s report and accounts for the year ended 30 September 2011, the trustees for the charitable hospital report an increase in incoming resources from charitable activities to £2.8m for 2011 (2010: £2.7m). However total resources expended came to £2.9m (2010: £2.7m) making for net loss for the year, after taking other minor income into account, of £39,000 (2010: surplus of £64,000). Fund balances at 30 September 2011 were £2m (2010: £2.1m).