2022-09-30-accounts - Hereford Cider Museum Trust

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INCOME AND ENDOWMENTS	INCOME AND ENDOWMENTS	Unrestricted	Restricted	Total	Total
FROM:		funds	funds	2022	2021
Donations and legacies Charitable activities		29,672 122,598	2,507	32,179 122,598	388,971 121,379
Investinents		136,188		136,188	165,021
Total income and endowments		288,458	2)507	290,965	675,371
EXPENDITURE ON:
Expenditure on raising funds Expenditure on charitable activities		(30,529) (306,394)	(49,113)	(30,529) (355,507)	(17,820) (303,685)
Total expenditure		(336,923)	(49,113)	(386,036)	(321,505)
Net income / (expenditure)		(48,465)	(46,606)	(95,071)	353,866
Transfers between funds
Other recognised gains/(losses):
Revaluation offieehold property		150,000		150000	45 424
(Losses)/gains on revaluation assets	ofinvestment	(354,959)		(354,959)	348,417
NET MOVEMENT IN FUNDS		(253,424)	(46,606)	(300,030)	747,707
Reconciliation offunds:
Total funds brought forward		5,543,622	330,864	5,874,486	5,126,779
Total funds carried forward		5,290,198	284,258	5,574,456	5,874,486

FIXEDASSETS			Notes	2022	2021
Tangible fixed assets				1,395,539	1,246,608
Investments				3,992,493	4,345,663
				5,388,032	5,592,271
CURRENT ASSETS
Stocks				38,457	34,260
Debtors			10	14,296	31,603
Cash at bank and in	hand			166,849	230,868
				219,602	296,731
Creditors: amounts	falling due			(33,178)	(14,516)
within one year
Net current assets				186,424	282,215
Total assets less current liabilities				5,574,456	5,874,486
NKT ASSETS				5,574,456	5,874,486
Restricted funds			12	284,258	330,864
Unrestricted funds
General fund			13	4,435,199	4,600,253
Designated fund —maintenance		and
repairs					238,370
Fair value reserve				854,999	704,999
TOTAL CHARITY FUNDS				5,574,456	5,874,486

				2022	2021
Auditor/accountants remuneration		comprises:
Audit services				2,880	2,820
Management Payroll bureau	accounts, other and services including	sofhvare furlough	transition claims	3,728 1,406 8,014	3,138 2,340 8,298

NACM - archive ofcider pomology The Herefordshire Community Foundation —Becket Bulmer fund PCC Holy Trinity Church John Ellerman Foundation	NACM - archive ofcider pomology The Herefordshire Community Foundation —Becket Bulmer fund PCC Holy Trinity Church John Ellerman Foundation	2,507 14,894 2,500	2,500 14,589 2,500 84,000
Apples & People exhibition programme	—Howard Bulmer		10,000
Charitable Trust
Apples & People exhibition programme -other grants Ms Susan Bulmer —gift of Becket's Orchard &other cash donations HEINEKEN		2,500 3,000	12,000 260,000 3,000
Sundry donations and gift aid The Church Street Charitable Trust		2,778 4,000	382
		32,179	388,971
CHARITABLE ACTIVITIES
Museum shop, cafe, room hire and orchard income Museum admissions		94,558 27,821	35,196 16,379
Covid-19 grants		219	69,804
		122,598	121,379
6. INCOME FROM INVESTMENTS
Listed investments income		94,842	89,676
Realised profit on the sale ofCazenove	Investments	41,346	75,345
		136,188	165,021

7. EXPENDITU	ABLE ACTIVITIES
		2022	2021
Governance costs:
Museum director salary and bookkeepers Telephone and internet costs Auditor/accountants remuneration	charges	47,019 1,759 8,014	41,931 1,561 8,298
Legal and professional fees Depreciation ofplant and machinery Bank charges		39,279 3,959 1,781	14,665 3,391 1,207
Administrative costs:
Premises costs		113,577	84,148
Motor and travel costs		740	138
Printing, stationery and advertising Exhibits and equipment Impairment offreehold property Depreciation offreehold property Sundry expenses		&,120 37,769 3,338	5,317 56,003 20,424 16,000 2,490
Staffcosts:
Wages and salaries Social security costs Pension costs		88,160 401 1,591	42,192 885
Redundancy pay			5,035
		355,507	303,685

FIXEDASSETI	NVESTMENTS - continued
		2022	2021
UK Equities		253,343	296,470
International Equities		1,021,183	1,159,446
UK Bonds		161,859	299,211
International Bonds		370,821	392,663
Portfolio Funds		667,784	583,491
COIF Charity Funds		1,517,478	1,614,357
Unlisted Securities - at cost
f25 Hereford Co-operative	Housing Ltd
4%loan stock		25	25
		3,992,493	4,345,663
10. DEBTORS
Amounts falling due within	one year:
Trade debtors		2,640	887
Other debtors		11,656	30,176
		14,296	31,603
11. CREDITORS
Amounts falling due within	one year:
Trade creditors		15,114	6,708
Taxation and social security	payable	1,795	730
Accruals		15,710	6,910
Other creditors		559	168
		33,178	14,516

and grants held on trusts to be ap	plied for specific	purposes:
	Archive of	Museum	Collection	John Ellerman	THE APPLE
	Cider	Development	Fund	Foundation	WORLD
	Pomology	Fund		Fund	exhibitions
	Fund
Balance at 1 October 2021	26,331	202,692	1,032	70,843	29,966
Received during the year	2,507
Transfers (to)/
from general fund,
Cash expended	(9,417)			(30,001)	(9,695)
Balance at 30 September 2022	19,421	202,692	1,032	40,842	20,271

					Unrestricted	Restricted	Total
					funds	funds
Fund balances at 30 September	2022 are	represented		by:
Tangible fixed assets					1,395,539		1,395,539
Investments					3,789,801	202,692	3,992,493
Current assets					138,036	81,566	219,602
Current liabilities					(33,178)		(33,178)
Total net assets					5,290,198	284,258	5,574,456
Unrealised (gains) included above on tangible fixed assets					(854,999)
Unrealised (gains) included above on investment			assets		(166,357)
Total unrealised (gains) at 30 September		2022			(1,021,356)
Reconciliation ofmovement in unrealised		(gains) and losses on
freehold property and investment	assets:
Unrealised (gains) at 1 October	2021				(1,226,315)
Net losses arising on revaluation	ofinvestment		assets	in the year	354,959
Revaluation offieehold property	in the year				(150,000)
Unrealised (gains) at 30 September 2022					(1,021,356)