| Reference and administrative details ofthe charity, its trustees and advisors |
|
|---|---|
| Trustees' report |
2-7 |
| Independent examiners' report to the trustees |
|
| Statement offinancial activities | |
| Balance sheet | |
| Notes to the financial statements | 'I1 -23 |
| Trustees | Lord David Lipsey | |||||
|---|---|---|---|---|---|---|
| (President) | (resigned | 23October 2Q22) | ||||
| Lucy Trench {Chairperson) | ||||||
| George Littlejohn | (Honorary | Treasurer) | ||||
| Peter Conradi (appointed | 24 | April 2Q23) | ||||
| Professor David Ferry | ||||||
| Alison Giles | ||||||
| Professor Peter Lloyd | ||||||
| Ruth Lloyd | ||||||
| Gris Shead {resigned 21 April 2023) | ||||||
| Matthew Trustman |
(appointed 24 April 2023) |
|||||
| Charitable | Incorporated | |||||
| Organisation | number | 'l161850 | ||||
| Registered | 0%ice | The Rodd | ||||
| nr. Presteigne | ||||||
| Herefordshire | ||||||
| LDS 2LL | ||||||
| Independent | Examiner | J M Roderick, BScACA | ||||
| WJ James B Co Limited | ||||||
| Bishop House | ||||||
| 10Wheat Street | ||||||
| Brecon | ||||||
| Powys | ||||||
| LDQ 7DG | ||||||
| Bankers | CAF Bank Ltd | |||||
| 25 Kings Hill Avenue | ||||||
| Kings Hill | ||||||
| West Maling | ||||||
| Kent | ||||||
| ME194JQ |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| Note | f | e | f | f | ||
| INCOME FROM: | ||||||
| Donations and legacies | 6,460 | 14,319 | 20,779 | 75,302 | ||
| Charitable activities |
18,256 | 18,256 | 25,307 | |||
| Investments | 63.894 | 83,894 | 79,581 | |||
| Other income | 304,102 | 304,102 | 254,778 | |||
| TOTAL INCOME | 392.712 | 14,319 | 407,031 | 464,968 | ||
| EXPENDITURE ON: | ||||||
| Raising funds | 6,505 | 6,505 | 7,987 | |||
| Charitable acbvities |
7 | 294,439 | 18,284 | 310,723 | 374,392 | |
| TOTAL EXPENDITURE | 300,944 | 16,284 | 317,228 | 382,379 | ||
| Net Gains/(losses) | on investments | (4,585) | (4,585) | (152) | ||
| NET INCOME/(EXPENDITURE) | 87.183 | (1,965) | 85,218 | 82,437 | ||
| NET MOVEMENT | IN FUNDS | 87,183 | 1,985 | 85,218 | 82,437 | |
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 897,383 | 991,070 | 1,888,453 | 1,806,018 | |
| TOTAL FUNDS CARRIED FORWARD | 984,586 | 989,105 | 1,973,671 | 1,888,453 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| 6 | 5 | |||||
| FIXEDASSETS | ||||||
| Tangible assets Heritage assets Investments |
11 12 13 |
494,207 975,000 51,570 |
556,974 975,000 56,155 |
|||
| CURRENT ASSETS | 1,620,777 | 1.588,129 | ||||
| Debtors | 10 | 12,710 | ||||
| Cash at bank and in | hand | 508,209 | 314,839 | |||
| Creditors: Amounts | falling | 508,219 | 327,549 | |||
| dus within ons year | (55,325) | (27,225) | ||||
| NET CURRENT ASSETS | 300.324 | |||||
| TOTAL ASSETSLESSCURRENT | LIABILITIES | 1,973.671 | 1,888,453 | |||
| TOTAL NET ASSETS | 1,973.671 | 1.888,453 | ||||
| CHARITY FUNDS | ||||||
| Unrestricted funds |
||||||
| General funds | '16 | 984,566 | 897,383 | |||
| Restricted funds | 16 | 989,105 | 991,070 | |||
| 1,973,671 | 1.888,453 |
| INCOINE FRO | IN DONATIONS AND LEGACIES |
|||
|---|---|---|---|---|
| Unrestricted | Restricted | Totst | Total | |
| Funds | Funds | Funds | Funds | |
| 2022 | 2022 | 2022 | 2021 | |
| 6 | f. | 8 | ||
| Donations | 1,126 | 1,126 | 527 | |
| Grants | 5,334 | 19,653 | 74,776 | |
| 3 30 | 73373 | 30773 | 7530 | |
| Total 2021 | 26.791 | 46,511 | 75,302 | |
| Dunng the year grants were received from the following: | ||||
| Unrestricted | Restricted | Total | ||
| Funds | Funds | Funds | ||
| 2022 | 2022 | 2022 | ||
| 8 | 6 | |||
| Ashley Foundation | 10,819 | 10,619 | ||
| Hen fordshire | County Council | 3,500 | 8,834 | |
| 5,333 | ~14319 | 19,653 |
| 4 | INCOME | FROM CHARITABLE ACTIVITIES | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | ||||
| Furlds | Flin{is | Funds | ||||
| 2022 | 2022 | 2021 | ||||
| 5 | 8 | |||||
| Concerts, | exhibit}on, course and education | 18,256 | 18,256 | 25,307 | ||
| 18,256 | 18,256 | 25,307 | ||||
| TOTAL 2021 | 25,307 | 25,307 | ||||
| 5 | INVESTMENT INCOSIE | |||||
| Unrestricted | Total | Total | ||||
| Funds | Funds | Funds | ||||
| 2022 | 2022 | 2021 | ||||
| 5 | 8 | |||||
| Rental income | 62,504 | 62,504 | 78,321 | |||
| Bank interest | 1,390 | 1,390 | 1,260 | |||
| 63,894 | 79,581 | |||||
| TOTAL 2021 | 7. 9 | 9, | ||||
| 6 | OTHER INCOME | |||||
| Unrestricted | Total | Total | ||||
| Funds | Funds | Funds | ||||
| 2022 | 2022 | 2021 | ||||
| 6 | ||||||
| Copydght | income | 21,546 | 21,546 | 19,532 | ||
| Other income | 282,556 | 282,558 | 265,246 | |||
| 304,102 | 304,102 | 284,778 | ||||
| TOTAL 2021 | 284,788 | 284,7SS | ||||
| 7 | ANALYSIS OF EXPENOITURE BYACTIVITIES | |||||
| Actllritles | ||||||
| Underlaken | Support | Total | Total | |||
| Olmctly | Costs | Funds | Funds | |||
| 2022 | 2022 | 2{}22 | 2021 | |||
| 8 | 8 | 8 | 8 | |||
| Charitable | activities | 271,428 | 39,295 | 310,723 | 374,392 | |
| 271,428 | 39,295 | 310,723 | 374,392 | |||
| TOTAL 2021 | 330,551 | 43,841 | 374,392 |
| Analysis o | fdirect costs | ||
|---|---|---|---|
| Total | Total | ||
| Funds | Funds | ||
| 2022 | 2021 | ||
| 5 | 5 | ||
| Staffcosts | 139,817 | 127,542 | |
| Depreciation | 11,649 | 13,453 | |
| Archindist | 10,705 | 6,409 | |
| Rates | 4,282 | 6,271 | |
| Webhost snd software | 1,957 | 9,472 | |
| Professional | fees | 22,245 | 64,600 |
| Framing | 5,551 | ||
| Printing snd pdntmaking | 12 | 18 | |
| ExhibifJons | 18,085 | 7,539 | |
| Events costs | 10,295 | 4,660 | |
| Insurance | 19,777 | 10,883 | |
| Repairs and renewals | 442 | 3,304 | |
| Maintenance | 2B,040 | 56,186 | |
| Equipment and materials Sale ofprints |
2,979 | 5,952 983 |
|
| Recruitment | 205 | ||
| Consultancy | 2,580 | 15,905 | |
| Purchases | 478 | 455 | |
| Conservation | 488 | ||
| 271,428 | 330,551 |
| Analysts of | sup | port co | sts | |||||
|---|---|---|---|---|---|---|---|---|
| Total | Total | |||||||
| Funds | Funds | |||||||
| 2022 | 202'I | |||||||
| 6 | ||||||||
| Support costs | ||||||||
| Electric and | utilities | 12,199 | 13,454 | |||||
| postage and | stationery | 1,207 | 1,128 | |||||
| independent | examiners | and accountancy | fees | 840 | 2,940 | |||
| Telephone | 1,665 | 5,597 | ||||||
| Bank charges | 380 | 322 | ||||||
| Health and safety | 907 | 4,96? | ||||||
| Travel and subsistence | 2,150 | 1,009 | ||||||
| Marketing | 11,747 | 3,955 | ||||||
| Subscriptions | 1,734 | 2,144 | ||||||
| Sundry expenses | 1,827 | 1,899 | ||||||
| Trustees expenses | 2,528 | |||||||
| Other staff costs | 1,711 | 3,982 | ||||||
| Bad Debts | 200 | |||||||
| 39,295 | 43841 | |||||||
| INDEPENDENT | EXAMINER'S REINUNERATIQN | |||||||
| 2022f | 2021 6 |
|||||||
| Fees payable | to | the Trust's independent | examiner | in respect of. | ||||
| Independent | Examination | 840 | 1,500 | |||||
| STAFFCOSTS | ||||||||
| 2022 | 2021 | |||||||
| Wages and salaries | 129,512 | 115,092 | ||||||
| Social Security costs | 7,339 | 10,244 | ||||||
| Contribution | to de5ned contribution | pension schemes | 2,966 | 2,206 | ||||
| 139817 | 12?542 | |||||||
| The average | number ofpersons employed by tha |
Trust during the year was ss follows; | ||||||
| 2022 | 2021 | |||||||
| No | No | |||||||
| Employees | 5 | 5 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |
| 2021 | 2021 | 2021 | 2020 | |
| 8 | 8 | 6 | ||
| INCOME FROM." | ||||
| Donations and legacies Chaittable activities Investments Other income |
28,791 25,307 79,581 284.778 |
46,511 | 75,302 25,307 79,581 284,778 |
222,591 274 36,098 13,934 |
| " | ||||
| TOTAL INCOISE | 418,457 | 46,511 | 464,988 | 272,897 |
| EXPENDITURE ON: | ||||
| Raising funds Charitable activMss |
3,612 243,919 |
4,375 130,473 |
7,987 374,392 |
1,940 273,897 |
| TOTAL EXPEI4DITURE | 247,531 | 134,848 | 382,379 | 275,837 |
| Net Gains/(tosses) on investments |
(152) | {152) | (3,183) | |
| NET INCOMEI(EXPENDITURE) | 170,774 | (88,337) | 82,437 | (8,123) |
| NET MOVEMENT IN FUNDS |
170,774 | {88,337) | 82,437 | (6,123) |
| RECONCILIATIOI4 OF FUNDS | ||||
| Total funds brought forward |
?26,809 | 1,0?9,40? | 1,806,016 | 1,812,139 |
| TOTAL FUNDS CARRfED FORIIIIARD | 897,383 | 991,070 | 1,888,453 | 1,806,016 |
| TANGIBLE FIXEDASSETS | |||||
|---|---|---|---|---|---|
| Freehold | Plant and | Fixtures | |||
| property | machinery | snd fittings | Paintings | Total | |
| E | 8 | 6 | 6 | 6 | |
| COST OR VAI UATION | |||||
| At 1 January 2022 | 475,375 | 334.802 | 1,138 | 1 | 811,116 |
| Addiaons | 19,197 | 19,197 | |||
| Disposals | (77,900) | {77,900) | |||
| At31 December 2022 | 397,475 | 353,799 | 1,138 | 1 | 752,413 |
| DEPRECIATION | |||||
| At 1 January 2022 | 187,816 | 65,870 | 456 | 254,142 | |
| Charge for the year | 4,950 | 6,790 | 114 | 'l1,854 | |
| Disposais | {7,790} | (7,790} | |||
| At 31 December 2022 | 184,976 | 72660 | 570 | 2502M | |
| NET BOOK VALUE | |||||
| At 31December 2022 | 212 499 | 281 139 | 568 | 1 | 494 207 |
| At 31 December 2021 | 20,559 | 200732 | 682 | 1 | 556,974 |
| Assets | recognised | at valuation | ||
|---|---|---|---|---|
| Rodd Court | ||||
| 8.Orchard | ||||
| Cottage | Total | |||
| 2022 | 2022 | |||
| 6 | 6 | |||
| Carrying | value at 1 | January 2022 | 975,000 | 975,000 |
| 9750M | 0 5.000 |
| Unlisted | ||||
|---|---|---|---|---|
| investments | ||||
| 2 | ||||
| COST OR VALUATION | ||||
| At 1January 2022 Revaluations |
56,155 (4,565) |
|||
| At 31December 2022 | 51,570 | |||
| NET BOOK VALUE | ||||
| At31 December 2022 | 51,5?0 | |||
| At 31December 2021 | 56,155 | |||
| All the fixed asset investments | sre unlisted | investments | and sre held in the UK. |
| DEBTORS | |||
|---|---|---|---|
| 2022 | 2021 | ||
| 6 | 6 | ||
| DUE WITH | ONE YEAR | ||
| Prepsyments | and accrued income | 10 | 12,710 |
| '10 | 12,710 |
| '10 | 12,710 | ||
|---|---|---|---|
| 15 | CREDITORS: AISOUNTS FALUNG DUE WITH ONE YEAR | ||
| 2022 | 2021 | ||
| 5 | |||
| Trade Creditors | 18,788 | 4,496 | |
| Other taxation and social security | 2,973 | 2,692 | |
| Pension fund loan payable Accrusls and deferred income |
26,559 | 1,750 18,287 |
|
| 55,325 | 27,225 |
| Balance at | Balance at | |||||
|---|---|---|---|---|---|---|
| 1January | Incoming | Outgoing | Transfers | Gsinsf | I1December | |
| 2022 | resources | resources | in/Out | (Losses) | 2022 | |
| 8 | 6 | 6 | 6 | 6 | ||
| Restricted funds | ||||||
| Sculpture programme |
7,380 | (1,000) | 6,380 | |||
| Rodd Court &Orchard | ||||||
| Cottage | 975,000 | 975,000 | ||||
| Hidden Gems | 3.201 | (3,065) | 136 | |||
| Herefordshire Communty Foundation |
(289) | 3,211 | ||||
| Ash!ey Foundation- | ||||||
| Cultivate | 3,890 | 10,819 | (10,331) | 4,378 | ||
| Historic England Hentage at Risk |
599 | (599) | ||||
| Learning programme |
1,000 | (1,000) | ||||
| 991070 | 14319 | C16284 | 989105 | |||
| Unrestricted funds |
||||||
| General funds | 897,383 | 392,712 | (300,944) | (4,585) | 984,566 | |
| 897,383 | 392,712 | (300944 | ~4585 | 984,566 | ||
| Total turlds | 1,888,453 | 4 7,031 | 317228 | SB55' | 561 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Funds | funds | Funds | |
| 2022 | 2022 | 2022 | |
| 6 | |||
| Tangible fixed assets | 494,207 | 494,207 | |
| Fixed asset investments | 51,570 | 51,570 | |
| Heritage assets | 975,000 | 975,000 | |
| Current assets | 494,114 | 14,105 | 508,219 |
| Creditors due with one year | (55,325) | (55,325) | |
| TOTAL | 989,105 | 1,973,671 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| Funds, | funds | Funds | ||
| 2021 | 2021 | 2021 | ||
| 6 | ||||
| Tangible | fixed assets | 545,811 | 11,163 | 556,974 |
| Fixed asset investments | 56,155 | 56,155 | ||
| Heritage | assets | 975,000 | 975,000 | |
| Current | assets | 322,642 | 4,907 | 327,549 |
| Creditors | due with one year | (27,225) | (27,225) | |
| TOTAL | 897,383 | 991,070 | 1,888,453 |