| Contents | Page | |||
|---|---|---|---|---|
| Trustees' Report |
||||
| Report ofthe Independent | Examiner | |||
| Statement ofFinancial | Activities (including | income and | ||
| expenditure account) |
||||
| Balance Sheet | ||||
| Notes to the Financial | Statements | 7-10 |
| Unrestricted | Funds | ||||||
|---|---|---|---|---|---|---|---|
| Notes | 2023 | 2022 | |||||
| INCOME AND ENDOWMENTS FROM: | |||||||
| Investments | 244,150 | 241,174 | |||||
| Total income and endowments | 244,150 | 241,174 | |||||
| EXPENDITURE ON: | |||||||
| Expenditure on raising funds |
(89,371) | (88,974) | |||||
| Expenditure on charitable activities |
(50,369) | (35,480) | |||||
| Total expenditure | ~239,740 | ~124,454 | |||||
| Net income | 104,410 | 116,720 | |||||
| (Loss)/gain on revaluation ofinvestment |
assets | (42) | 1,448 | ||||
| NET MOVEMENT IN FUNDS | 104,368 | 118,168 | |||||
| Reconciliation offunds: | |||||||
| Total funds brought forward |
2,790,647 | 2,672,479 | |||||
| Total funds carried forward | 2,895,015 | 2,790,647 | |||||
| All income and expenditure | derive from continuing | activities. |
| 2023 | 2022 | |
|---|---|---|
| Rental income | 240,738 | 240,795 |
| Interest receivable | 2,884 | 48 |
| Dividends receivable Rom investments |
528 | 331 |
| 244,150 | 241,174 |
| Expenses and repairs to rental properties | Expenses and repairs to rental properties | 60,684 | 46,496 | |||
|---|---|---|---|---|---|---|
| Agent's fees | 28,687 | 42,478 | ||||
| 89,371 | 88,974 | |||||
| 5. | EXPENDITURE ON | CHARITABLE ACTIVITIES | ||||
| Governance costs: |
||||||
| Independent examiners |
fees | 3,000 | 3,000 | |||
| Accountancy services |
660 | 480 | ||||
| Legal and professional | fees | 1,656 | ||||
| Bank charges | 72 | 98 | ||||
| Sundry expenses | 523 | |||||
| Donations: | ||||||
| Hereford Cider Museum | CIO | 4,000 | ||||
| Donations to individuals | and Hereford College ofArts | 2,300 | 2,300 | |||
| Hereford Make CIC | 8,198 | 7,250 | ||||
| The Courtyard | 22,000 | 17,000 | ||||
| John Masefield High School | 5,000 | |||||
| Gallery —Old Mayor's | Parlour running | costs | 5,139 | 3,173 | ||
| 50,369 | 35,480 | |||||
| 6. | FIXEDASSETINVESTMENTS | |||||
| Market Value | Freehold | Listed | Total | |||
| Investment | Investments | |||||
| ~Pro erty | ||||||
| As at 1 April 2022 Additions Revaluations |
2,375,683 | 24,557 527 ~42 |
2,400,240 527 ~42 |
|||
| As at 31March 2023 | 2,375,683 | 25,042 | 2,400,725 |
| 7. | DEBTORS | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Rents receivable from |
agents | |||
| S. | CREDITORS: Amounts | falling due within one year | ||
| Accruals and deferred | income | 3,660 | 3,480 |