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|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|





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|||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.|||||





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||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|





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||2026|2025|
|---|---|---|
||£|£|
|Rental income|279,584|254,980|
|Interest receivable|10,960|10,742|
||290,544|265,722|





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|EXPENDITURE ONRAISING FUNDS|||
|---|---|---|
||2026|2025|
||£|£|
|Expenses and repairs to rental properties<br>Agent's fees|55,796<br>36,038|55,729<br>34,554|
||91,834|90,283|
|EXPENDITURE ONCHARITABLEACTIVITIES|||
||£|£|
|Governance costs:|||
|Independent examiners fees<br>Auditors fees|1,920|3,300|
|Accountancy services<br>Legal and professional fees<br>Bank charges|3,360<br>9,505<br>60|1,080<br>17,638<br>60|
|Donations:|||
|Hereford Cider Museum CIO|250||
|Donations to individuals andHereford CollegeofArts<br>Hereford Make CIC|4,655|2,300|
|The Courtyard<br>Alloy Workshop|14,000|22,000|
|Gallery - Old Mayor's Parlour running costs|1,363|1,657|
||35,113|48,035|



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|FIXEDASSETINVESTMENTS|||
|---|---|---|
|MarketValue|Freehold|Total|
||Investment||
||Property||
||£|£|
|As at<br>1 April 2025<br>Additions|2,552,625|2,552,625|
|Disposals|||
|Revaluations|||
|As at 31 March 2026|2,552,625|2,552,625|





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|7.|DEBTORS|||
|---|---|---|---|
|||2026|2025|
|||£|£|
||Rents receivable from agents|||
|8.|CREDITORS: Amounts falling due within one year|||
|||£|£|
||Accruals and deferred income|5,280|6,955|