| Contents | Page |
|---|---|
| Trustees' Report | 1-3 |
| Independent Auditor's Report | 4-6 |
| Statement of Financial Activities (including income and | |
| expenditure account) | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9-12 |
| Unrestricted Funds | Unrestricted Funds | ||||
|---|---|---|---|---|---|
| Notes | 2026 | 2025 | |||
| £ | £ | £ | £ | ||
| INCOME ANDENDOWMENTSFROM: | |||||
| Investments | 3 | 290,544 | 265,722 | ||
| Total income and endowments | 290,544 | 265,722 | |||
| EXPENDITURE ON: | |||||
| Expenditure on raising funds | 4 | (91,834) | (90,283) | ||
| Expenditure on charitable activities | 5 | (35,113) | (48,035) | ||
| Total expenditure | (126,947) | (138,318) | |||
| Net income | 163,597 | 127,404 | |||
| (Loss)/gain on revaluation ofinvestment assets | |||||
| NETMOVEMENT INFUNDS | 163,597 | 127,404 | |||
| Reconciliation offunds: | |||||
| Total funds brought forward | 3,104,433 | 2,977,029 | |||
| Total funds carried forward | 3,268,030 | 3,104,433 | |||
| All income and expenditure derive from continuing | activities. |
| Notes | 2026 | 2025 | |||||
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | ||||
| FIXED ASSETS | |||||||
| Investments | 6 | 2,552,625 | 2,552,625 | ||||
| CURRENTASSETS | |||||||
| Debtors | 7 | ||||||
| Cash at bank in hand | 720,685 | 558,763 | |||||
| 720,685 | 558,763 | ||||||
| Creditors: amounts falling due within one year | 8 | 5,280 | 6,955 | ||||
| Net current assets | 715,405 | 551,808 | |||||
| NETASSETS | 3,268,030 | 3,104,433 | |||||
| TOTALCHARITY FUNDS - Unrestricted | |||||||
| funds | 3,268,030 | 3,104,433 |
| 2026 | 2025 | |
|---|---|---|
| £ | £ | |
| Rental income | 279,584 | 254,980 |
| Interest receivable | 10,960 | 10,742 |
| 290,544 | 265,722 |
| EXPENDITURE ONRAISING FUNDS | ||
|---|---|---|
| 2026 | 2025 | |
| £ | £ | |
| Expenses and repairs to rental properties Agent's fees |
55,796 36,038 |
55,729 34,554 |
| 91,834 | 90,283 | |
| EXPENDITURE ONCHARITABLEACTIVITIES | ||
| £ | £ | |
| Governance costs: | ||
| Independent examiners fees Auditors fees |
1,920 | 3,300 |
| Accountancy services Legal and professional fees Bank charges |
3,360 9,505 60 |
1,080 17,638 60 |
| Donations: | ||
| Hereford Cider Museum CIO | 250 | |
| Donations to individuals andHereford CollegeofArts Hereford Make CIC |
4,655 | 2,300 |
| The Courtyard Alloy Workshop |
14,000 | 22,000 |
| Gallery - Old Mayor's Parlour running costs | 1,363 | 1,657 |
| 35,113 | 48,035 |
| FIXEDASSETINVESTMENTS | ||
|---|---|---|
| MarketValue | Freehold | Total |
| Investment | ||
| Property | ||
| £ | £ | |
| As at 1 April 2025 Additions |
2,552,625 | 2,552,625 |
| Disposals | ||
| Revaluations | ||
| As at 31 March 2026 | 2,552,625 | 2,552,625 |
| 7. | DEBTORS | ||
|---|---|---|---|
| 2026 | 2025 | ||
| £ | £ | ||
| Rents receivable from agents | |||
| 8. | CREDITORS: Amounts falling due within one year | ||
| £ | £ | ||
| Accruals and deferred income | 5,280 | 6,955 |