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|Contents|||Page|
|---|---|---|---|
|Report ofthe Trustees|||1-5|
|Independent
Auditor's|Report||6-9|
|Statement ofFinancial|Activities|(including||
|Income and Expenditure|Account)||10|
|Balance Sheet||||
|Notes to the Accounts|||12-20|
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|INCOME AND ENDOWMENTS|INCOME AND ENDOWMENTS|Note|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|
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|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|
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|||||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|
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|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|
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|7.
EXPENDITU|RE ON CHARIT|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|
|||2022|2021|
|---|---|---|---|
|Governance|staff|2||
|Other staff||12||
|||14||
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|8.
TANGIBLE FIXEDASSETS||||
|---|---|---|---|
||Freehold|Plant and|Total|
||property|machinery||
|COST OR VALUATION||||
|Balance at 1 October 2021|1,315,000|149,894|1,464,894|
|Additions||2,890|2,890|
|Revaluations|30,000||30,000|
|Balance at 30 September 2022|1,345,000|152,784|1,497,784|
|ACCUMULATED
DEPRECIATION||||
|Balance at 1 October 2021|120,000|98,286|218,286|
|Charge for the year||3,959|3,959|
|Revaluation
adjustments|(120,000)||(120,000)|
|Balance at 30 September 2022||102,245|102,245|
|NET BOOK VALUE||||
|At 30 September 2022|1,345,000|50,539|1,395,539|
|At 30 September 2021|1,195,000|51,608|1,246,608|
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||||2022|2021|
|---|---|---|---|---|
|Market value at 1|October 2021||4,345,663|3,831,693|
|Net (losses)/gains|on revaluation|at 30 September|||
|2022|||(354,959)|348,417|
|Eliminated
on disposal|||(766,575)|(470,910)|
|Purchased
in year|||768,364|636,463|
|Market value at 30 September, 2022|||3,992,493|4,345,663|
|Historical cost as|at 30 September|2022|3,801,258|3,724,712|
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|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|
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|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|
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||Total|
|---|---|
|Balance at 1 October 2021|330,864|
|Received during the year|2,507|
|Transfers between funds||
|Cash expended|(49,113)|
|Balance at 30September 2022|284,258|
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|At I October 2021|||4,600,253|
|---|---|---|---|
|Incoming resources|||288,458|
|Outgoing resources|||(336,923)|
|(Losses) on investment|assets||(354,959)|
|Transfer fiom designated|fund —maintenance|and repairs|238,370|
|At 30 September 2022|||4,435,199|
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||||||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)|||
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