| Contents | Page | ||||
|---|---|---|---|---|---|
| Trustees' Report |
1 —3 | ||||
| Report ofthe Independent | Examiner | ||||
| Statement ofFinancial | Activities | (including | income and | ||
| expenditure account) |
|||||
| Balance Sheet | |||||
| Notes to the Financial | Statements | 7-10 |
| Unrestricted | Funds | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | 2022 | 2021 | ||||||
| INCOME AND ENDOWMENTS | FROM: | |||||||
| Investments | 241,174 | 145,198 | ||||||
| Total income and endowments | 241,174 | 145,198 | ||||||
| EXPENDITURE ON: | ||||||||
| Expenditure on raising funds |
(88,974) | (76,522) | ||||||
| Expenditure on charitable activities |
(35,480) | (48,058) | ||||||
| (124,454) | ||||||||
| Total expenditure | 124,580 | |||||||
| Net income | 116,720 | 20,618 | ||||||
| Gain on revaluation ofinvestment |
assets | 1,448 | 5,500 | |||||
| NET MOVEMENT IN FUNDS | 118,168 | 26,118 | ||||||
| Reconciliation offunds: |
||||||||
| Total funds brought forward |
2,672,479 | 2,646,361 | ||||||
| Total funds carried forward | 2,790,647 | 2,672,479 | ||||||
| All income and expenditure | derive from continuing | activities. |
| Notes | 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|---|
| FIXEDASSETS | ||||||||
| Investments | 2,400,240 | 2,398,462 | ||||||
| CURRENT ASSETS | ||||||||
| Debtors | 42,882 | |||||||
| Cash at bank in hand | 393,887 | 234,435 | ||||||
| 393,887 | 277,317 | |||||||
| Creditors: amounts | falling due within one year | 8 | ~3,480 | |||||
| Net current assets | 390,407 | 274,017 | ||||||
| NET ASSETS | 2,790,647 | 2,672,479 | ||||||
| TOTAL CHARITY FUNDS —Unrestricted | ||||||||
| funds | 2,790,647 | 2,672,479 |
| 2022 | 2021 | |
|---|---|---|
| Rental income | 240,795 | 144,654 |
| Interest receivable | 48 | 112 |
| Dividends receivable &om investments |
331 | 432 |
| 241,174 | 145,198 |
| Expenses and repairs to rental properties | Expenses and repairs to rental properties | 46,496 | 55,450 | |||
|---|---|---|---|---|---|---|
| Agent's fees | 42,478 | 21,072 | ||||
| 88,974 | 76,522 | |||||
| 5. | EXPENDITURE ON | CHARITABLE ACTIVITIES | ||||
| Governance costs: |
||||||
| Independent examiners |
fees | 3,000 | 3,000 | |||
| Accountancy services |
480 | 300 | ||||
| Legal and professional | fees | 1,656 | 560 | |||
| Bank charges | 98 | 69 | ||||
| Sundry expenses | 523 | |||||
| Donations: | ||||||
| Hereford Cider Museum | CIO | 15,000 | ||||
| Donations to individuals | and Hereford College ofArts | 2,300 | ||||
| Hereford Make CIC | 7,250 | 5,000 | ||||
| The Courtyard | 17,000 | 12,000 | ||||
| Lydia Stansbury | 10,000 | |||||
| The Society for the Protection ofAncient Buildings | 94 | |||||
| Gallery —Old Mayor*s | Parlour running | costs | 3,173 | 2,035 | ||
| 35,480 | 48,058 | |||||
| 6. | FIXEDASSET INVESTMENTS | |||||
| Market Value | Freehold | Listed | Total | |||
| Investment | Investments | |||||
| ~Pro erty | ||||||
| As at I April 2021 | 2,375,683 | 22,779 | 2,398,462 | |||
| Additions | 330 | 330 | ||||
| Revaluations | 1,448 | 1,448 | ||||
| As at 31March 2022 | 2,375,683 | 24,557 | 2,400,240 |
| 7. | DEBTORS | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Rents receivable from | agents | 42,882 | |||
| 8. | CREDITORS: Amounts | falling due within | one year | ||
| Accruals and deferred | income | 3,480 | 3,300 |