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|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|
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|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||||
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||||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|
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|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||
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|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||
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|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|
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|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|
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||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|
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|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|
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|||||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.||
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|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|
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||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|
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||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|
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