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|Contents||||Page|
|---|---|---|---|---|
|Trustees'<br>Report|||||
|Report ofthe Independent||Examiner|||
|Statement ofFinancial|Activities (including||income and||
|expenditure<br>account)|||||
|Balance Sheet|||||
|Notes to the Financial|Statements|||7-10|





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|||||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<br>on raising funds||||(89,371)||(88,974)||
|Expenditure<br>on charitable<br>activities||||(50,369)||(35,480)||
|Total expenditure||||~239,740|||~124,454|
|Net income|||||104,410||116,720|
|(Loss)/gain<br>on revaluation<br>ofinvestment||assets|||(42)||1,448|
|NET MOVEMENT IN FUNDS|||||104,368||118,168|
|Reconciliation offunds:||||||||
|Total funds brought<br>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.|||||





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||2023|2022|
|---|---|---|
|Rental income|240,738|240,795|
|Interest receivable|2,884|48|
|Dividends<br>receivable Rom investments|528|331|
||244,150|241,174|





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||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<br>costs:||||||
||Independent<br>examiners|fees||3,000|3,000||
||Accountancy<br>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<br>Additions<br>Revaluations|||2,375,683|24,557<br>527<br>~42|2,400,240<br>527<br>~42|
||As at 31March 2023|||2,375,683|25,042|2,400,725|



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|7.|DEBTORS||||
|---|---|---|---|---|
||||2023|2022|
||Rents receivable<br>from|agents|||
|S.|CREDITORS: Amounts|falling due within one year|||
||Accruals and deferred|income|3,660|3,480|