Ledbury Places
Report of the Trustees and Unaudrted Financial Slalements
For the Year Ended 31st March 2024
Registered Company Number." 09079970 (England and Wabsl
Registered Charty Number.. 1162108

Contgnts of the Flnancial Stslements
For the year ended 31st March 2024
Page
Report of the Trustees
1to3
Independent Examiner's Rep)rt
Statement of Financial Activrties
Balance Sheet
Notes to the Financial Slalements
7t013
Detailed Ststemenl of Financial Activities
14

Ledbury Pla(*s
For the Year Ended 31st March 2024
REPORT OF THE TRUSTEES
For the year ended 31st March 2024
The Iruslees who are also directors of the charity for the purposes of the Companies Act 20C6,
present their report with the financial slalemenls of the charity for the ye8r ended 30 March 2024. The
accounts have been prepared in accordance wrth the provisions applicable lo the small companies
regime and in accordance wf(h FRS102 Slalement of Recommended Practice ISORPI applicable lo
charities preparing their accounts In accordance with the Financial Reporting Standard IFRSI 102.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Cornpany numbor
09079970 (England and Wales)
Registered Charity number
1162108
Registered 0ffl¢g
1A The Homend
Ledbury
Herefordshire
HR81BN
Trustees
The following DirecloT5 and Trustees served during the year
A Brarthwaite
ML Hawker
S Houghlon
C Jupp
L King (appointed 5th February 20241
M Lister (appointed 5th February 20241
P Shaw lappoinled 5th February 20241
C Tustin
M Waller
Independent examlner
Luke Keegan
Chartered Management Accountsnt
1A The Homend
Ledbury
Herefordshire
HR81BN

Ledbury Places
For the Year Ended 31st March 2024
REPORT OF THE TRUSTEES ICONT}
OBJECTIVES AND ACTIVITIES
ObJectlve$ and alms
To preserve for Ihe benefit of the people of the town of Ledbury and of the nation the historical,
architectural and conslruclional herrt3ge that exists in and around Ledbury in buildings lincluding any
structure or construction or any part of a building) of Part￿Ular beauty or historical or conslru¢tional
interest.
To promote and facililale education conceming the social, economic and archrteclural history and
herrtage of Ledbury and surrounding area.
To promote and facilrtale for the benefit of the public. regeneration in areas of soeial and economic
deprivation in and around the area.
Publlc 8enotit
The Irusloes have considered the Charity Commi88ion's guidanGe on Publ￿ benefit, Including the
guidance'Public bonelil. running a charity IP821'
ACHIEVEMENTS ANO PERFORMANCE
Maln Achlevements
The Chanty eonlinugs to remain in close assLxiation with ils founding bodies.. Th¢ Ledbury and
Di8tricl Society Trust Limited (known as Ledbury Cwic Soeietyl. Lodbury Town Council and the
Ledbury and Area Development Trust Limited.
As Previously reported Ledbury Poetry continued lo occupy the Barrett Browning Institute builtjing on
a three.year lease with effect from 1 April 2023. The Project Oversight Committee wnlinues to meet
on a regular basis lo ovèrsee Ihe planning ol the major relurbishmenl ol the Barrett Bfowning Inslrtute
with the long-lerm aim lor Ledbury Poetry lo either purchase the building or take on a long-temi
tenancy once complete.
Trusleg$ continued work 81 the Old Grammar S¢h¢)ol to refurbish the mu8eum exhibits and displays
and have been fortunate to receive several grants lo 8n8ble this work to pr(xeed. Following a
successful funding application for money from the National Lottery Heritage Fund the kitchen and WC
on the Upper Floor have been totally refurbished.
Grants had also been received to prtteed with several nthv projects including the education in
Ledbury through lime New Slones New Audiences., works to the water ￿UrSe in the Heritage Centre
and the delivory of an education project for sChC￿ls.
For the year July 2023 to March 2024 the Herrtage Centre opened for four days a week from Easter
2023 to October 2023 due to a limited number of volunteers available and the decision lo have Iwo
volunteers per session. so improving visitor eXper￿nCe and maintaining a safe environment.
Trustees acknowledged that this would once again impact on income generation for the Herrtage
Centre wrth a diminished loorfall compared to pre-pandemic levels when the Herrtage Centre had
been open seven days a week from Easter to the end ol October. In preparation for the 2025 season
the￿ will be rttrurtmenl campaign undertaken for new volunteers.
As a charrty year on year Ledbury Places continues lo lose money and Trustees agreed that rt was
essential for the charity to Increase income erther through grants for projects or Ihfough the sale ol
retsil merchandise and In¢￿aSe ln donations. Trustees were working lo increase f(￿all lo the
Herrtage Cenlre. NMITE had been given the opportunity lo review and research the watercourse as
part of a thesis and look al the insulation ol the Old Grammar School wrth lime lapse cameras lo
monrtor what was happening to the building over a period of time.

Ledbury Pla¢és
For the Yèar Ended 31st March 2024
FINANCIAL REVIEW
R8vi•w of the charity's f5nancial posltion at the end of the yèar
The Chanty received the following grants during the financial year 2023124 and along with donalK)ns
and sales through the Heritage Centre Museum, these were the main sources of income..
£10.C￿0 grant Teceived from National Lottery Heritage Fund to refurbish the kitchen and WC.
Upper Flcx)r. Old Grammar SchcK)I (July 20231
£11.850 grant Teceived from Association of Independent Museums IAIMI for the education in
Ledbury through lime project New Stories New Audiences (February 20231
£7,497 grant received from the UK Shared Prosperity Fund IUKSPFI for the delivery of the
educat￿￿ project (March 20231
£1.900 grant received from Ledbury Town Council for the WOTk$ lo the water course in the
Heritage Centre (December 20231
£750 grant received from Ledbury Town Council for the new clothes rack, children's leaming and
play area (December 20231
Financial support recewed from Ledbury Civic Society for education81 materials for the education
projed Iseptember 2023}
REPORT OF THE TRUSTEES (CONT}
Reservès Policy
After the end of the year, the Trustees agreed lo amabamate the designated reserves and lo bring
them into the general fund. This Is shown in the transfer of Cufrenl assets shown in the notes to the
accounts.
The Trustees have adopted a reserves policy with the aim lo hold free reserves to meet the
adminislralion of the charty and obligations of owning the buildings over one year1£10.0¢)01. The
general fund surplus at the end of the year was £51,85812023' £10,364).
The Trustees carefulty considered the Charity's financial position and wore satisfied that it remains
going concern.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Govemlng document
The charity is controlled by its Memorandum and Articles of Association and constitutes a limited
cornpany, limited by guarantee. as defined by the Cornpanies A¢1 2006. The liabilrty of each member
is limited lo £10.
Recruitmgnt and appointment of new trustees
Directors are e￿Ied at a General Meeting. The following or9ani5alions, while they are members of
Ledbury Places are entitled lo nominate directors (number of directors shown in brackets).. Ledbury
Town Council121, Ledbury and District Society Trust Limiled121, Barrett Browning Instrtule111 and
Ledbury and Area Developrnenl Trust Limited {11.
Induction and training of new trustees

Ledbury Places
For the Year Ended 315t Marctt 2024
On appointment the trustees receive a copy of the governing documents and Charity Commission
dr￿umentS regarding Irustee5hip. New trustees are briefed on the history. background and work of
the charrty.
DECLARATIONS
The company has taken advantage of the small companies. exemption in preparing the report above.
The trustees deelare that they have approved the trtjstee's report lincluding direclorfs report) above.
ON BEHALF OF
E BOARD:
M Waller
Date".

Ledbury Place5
For the Year Ended 31st March 2024
Indepgndont Examiner's Report to the trustees of Ledbury Places
I report on the accounts for the year ended 31st March 2024 which comprise the Slalement of
Financial Aetivilies, the Summary Income and Expenditure Account, the Balance Sheet and the
related notes.
Respectlve fesponslbllltles of trnstees and examlner
The charrty's Ifuslees (who are also the directors for the purposes of company lawl are responsible
for the preparation of the accounts. The charity's Iruslees consideT that an audit is not required for this
year (under Section 144121 of the Charities Act 2011 (the 2011 A¢lll and that an independent
examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for
independent examination, il is my responsibilty lo..
examine the accounts under Section 145 01 the 2011 Act
to follow the procedures laid down in the General Directions given by the Charity
Cornmission (under Section 14515llbl of the 2011 Acll". and
to stale whether particular matters have come lo my attention.
Basls of the independent examinerfs report
My examination was carried out in acwrdance with the General Directions given by the Charty
Commission. An examination Includes a review of the accounting records kept by the charty and a
comparison of the aceounts presented wrth those records 11 also includes consideration of any
unusual items or disclosures in the accounts, and seeking explanations from you as Iruslee5
¢onceming any such matters. The procedures undertaken do not provide all the evidence that would
be required in an audit. and consequently no opin10n is given as lo whether the accounts present a
Irue and fair view ' and the report is limrted lo those matters set out In the slalemenls below.
Inil8pgndent gxaminerfs statement
In ¢onnection with my examination, no matter has come to my attention..
which gives me reasonable cause to believe that. in any material respect, the
requirements
to keep accounling records in accordanee wrth seCt￿n 386 and 387 of the
Companies Act 20C6,' and
to prepare accounts which accord wf(h the accounting records, comply with the
accounting requirements of Sections 394 and 395 of the c￿PanieS Act 20(h8 and
with the melhc*ls and principles of the Statement of Recommended Practice..
Accounting and Reporting by Charities
have not been rnet.. or
121
lo which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Luke Keegan, Chartered Management Accountant
1A The Homend
Ledbury
Herefordshire. HR8 IBN
Dae
2- tL Z•14

Ledbury Places
For tha Year Ended 31st March 2024
Statement of financlal actlvlties {includlng summary income and expenditure a￿OUnt)
RKommended categories by
activty
UnrestTl¢t8d Restricted
funds
funds
Note5
2024
2023
Incorne
Income and endovrnents from:
Donations and legacies
Charf(able activities
Heritage Centre
Barrett Browning Institute
8urgage Hall
65
19,616
19,681
35,297
6,089
5.658
1.723
6,089
5.658
1,723
11,472
9,047
Other Income
Total
13,534
33.150
55.816
Exponditure
Charrtable activities
Herila9e Cenlre
Bafrett Browning Institute
Burgage Hall
Communty Lottery Fund
New Stories New Audience
Educ81ion Project
Town Council Projects
Admin and Support
10,940
923
1,723
10.940
923
14,591
36,599
1,723
10,524
10,399
6.297
1.876
10,524
10,399
6,297
1.876
7,848
Total
29,0
52.146
59,037
Transfvrs between funds
Net movement in funds
9,S16
9,480
18,996
3,221
Reconciliation of funds-.
Total funds brought forward
Total funds carrlod forwafd
201 376
191,860
9,480
210,856
191,860
214,077
210,856

Ledbury Place5
For the Year Ended 31st March 2024
Balance sheet
Unrestricted Restricted
funds
funds
Note5
2024
2023
Heritage assets
Total flxed assets
140,002
140,002
140.002
Currgnt assgts
Stocks
Debtors
Cash al bank and in hand
Total curronl J8sots
4.120
2,077
45,661
51,857
4.120
9.293
38.444
5.296
12.543
53.015
7.216
7,216
Creditors: amounts falllng
due within ono yaar
Net curr•nt asset8llllabllltlesl
191860
191860
Total 888ets I￿$ currènt
1SabSlltlos
191 860
Funds of thè Charlty
Reslricled income funds
Unreslricled funds
Total funds
9.480
201,376
191.860
191,860
191,860
The eompany was entitled lo exèmption from audrt under $477 of the Companie8 Act 2006 relating 10
small companies.
The members have not required the ¢ompany to obtain an audit in accofdance with $èclion 476 of the
Companies Act 2006.
The directors acknowledge their rosponsibililies for complyin9 with the requiremgnts of the Companies
Act wrth respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable lo small companie$
subject lo the small companies regime and in accordance with FRS102 SORP.
Signed by
M Waller
Date
1,.1&>2

L8dbury Places
For the Year Ended 31st March 2024
Notes to the accounts
8asls of preparation
1.1 Basls of accountlng
These accounts have been prepared under Ihe histor￿al cost convention with item$ racognised at cost or
transaction value unless othefwise slated in the felevanl nolelsl lo these accounts.
The accounts have been prepared in accordance with".
The Statement of Recommended Practice. Accounting and Reporting by Charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ifeland IFRS 1021 eff￿lIve from 11t January 2019 and wilh the Financial Reporting Standard applicable in
the Unrted Kingdom and Republic of Ireland IFRS 10218nd with the Charities Act 2011.
The ¢harity constrtutes a public benelil enlty as defined by FRS 102.
Accountlng pollcles
2.1 Income
RKognltlon of Incom•
These are included in the Slalemenl of Financial Activrties ISOFAI when..
the charity beCc￿e8 enlilled lo the fesources.,
it is more likely than not that the Iruslees will rec6ive the resour¢es',
the monetary value can ￿ measured with sufficient reliability.
Offsgttlng
There has been no offsetting of assets and liabilities, or Income and
oxpense$, unless feqijifgd or pemitted by the FRS 102 SORP or FRS 102.
Grants and donatlon8
Grants and donation$ are only included in the SOFA when the general
income recognition criteria are met15 10 10 5.12 FRS102 SORPI.
Government grants
The charity has received a local government grant in the reporting period
Donated 8er¥lc88 and
fa¢illtlg8
Donated serviee8 and facilil¢es afe included in the SOFA when received at
the value of the grft lo the charity provided the value of the grfl can be
measured reliabty.
Voluntoer help
The value of any voluntary help received is not included in the accounts bul
is described in tha tTU8lees' annual report.
Income from membarshlp Membership subscriptions received in the natLsre of a grft are recognised in
subscriptlons
Donations and Legacies.

L￿bury Placas
For the Year Ended 31st March 2024
2.2 Expendlture and Llabllltles
Liability recognitlon
Liabilities are recognised where il is more likely than not that there is a
legal or constructive obligation commrtting the charty lo pay out resources
and the amount of the obligation can be measured with reasonable
certainly.
Notss to the Account8 Icontl
Govemance and support Support costs have been allocated be￿een govemance costs and other
costs
support. Governance costs compiise all costs involving public
accounlabilily of the charity and rts compliance with regulation and g¢)od
practice.
Support costs inelude central functions and have been reported separately
lo Charilable activities The support costs incurred are all in relation lo
meeting the aims and objectives of the charity.
2.3 Asset*
H•rlt4ge ••3gts
The buildings that the charity owns have been acquired in the lulfilmenl ol
the charity obieclives. Heritage assets are carried al c051 for Purchased
assets, thère are no comparable market based tran$8clion$ at which to
assess a fair value.
The Barrell Browning Inslrtule is a donated asset and is carried al the 2017
Market Value The valuation was determined by an RICS Surveyor. This
was Irealed as rt's deemed cost. The asset Is Impaired In value and this
was recognised In the 2017 valuation
1118 con8idered that all of the buildings owned by the charity have indefinrte
lives and will not be deprecialed.
Stock8 and work In
progrn81
Stocks held for sal¢ as part ol charitable activity are measured al the lower
of eosl or nel realisable value.
Debtorn
Debtors (including trade debtors end loans receivable) are m6asur¢d on
initial recognition al 5elllement amount after any trade discounts or amount
advan¢ed by the charity. Subsequently. they are measured at the cash or
other consideration expected lo be received.

Ledbury Places
For thè Year End9d 31st Marth 2024
Notes to the accounts Iwntl
3 Income
Unrestrlcted Restrlcted
funds
fund8
Analysis of income
2024
2023
Analys55 of
Donations
and 1ggaci•8:
Donations received
Grants rg¢elved
UK Shared Prosperity Fund
Ledbury Town Council
Communty Lottery Fund
Architectural Heri18ge Fund
Association of Independent
Museums
6,297
2,400
10,000
6,297
2,400
10,000
750
24.965
919
919
9,480
Membership subscriptions
Total
65
6S
65
102
19,816
19.881
35,297
Analysls of
Charltable
Actlvitlès:
Heritage Cenlre..
Visilof Sales
Visitor Donations
Hire of Rwm8
Total
4,158
1,756
175
6,089
4,158
1.756
175
6,089
4.878
5,084
1,710
11.472
Barrett Browning Inslilule.
RenVco$t re-imbur58menl
5,658
5.658
9,047
Burgage Hall".
Renv cost re-imbursement
1,723
1,723
Total
13.469
13.469
20.619
Other Incomg
TOTAL INCOME
13,$34
19.616
33,150
65,818
Exp•ndllurn
unrestrIct￿ Rostrlctod
funds
funds
Analysls of expendltur8
2024
2023
Costs of
Herrta9e Centre
Activlty by fund B8rrett Browning Inslrtute
Burgage Hall
Archileclural Heritage Fund
New Stories New Audience
Education Project
Communty Lottery Fund
Town Council Funded Proiects
General
10,940
923
1,723
10,940
923
1,723
14.S91
9,873
26.726
10.399
6,297
10,524
1,876
10,399
6,297
10,524
1,876
7.848
23,050
29,096
52,146
S9,037
10

Ledbury Pla(xs
For the Year Ended 31st March 2024
Notes to the accounts (cont}
Analy$i$ of Support Costs
Unrnstricted Restricted
funds
funds
Anatysis of expendltur•
2024
2023
Management and Administration
Govemance Costs".
Legal AdvicelFees
Examiner Fees
8.894
8,894
7,278
570
570
570
9,464 7.848
Heritage Assets
Barrott
Browning
Institute
Heritage
Centre
Buryage
Hall
Total
At the beginning of the year
At end of the year
140.000
140.000
140,002
140.002
The Barrett Browning Institute was donated lo Ledbury Places by the former Barrett Browning
Institute charrty 11 is carr￿d al the 2017 valuation The building was valued on a commercial basis
by an RICS Suryeyor.
The Heritage Centre and the Buigage Hall were purchased al a cost of £1 each from Herefordshire
Council
Because the assets are Heritage assets they are not depreciated.
Stock
Herrtage Centre stock..
The rtems for sale In the herf(age Centre have been valued al the
PUf¢hase cost.
4,120
Closing
4,120
Total prgvious year
6,296
Debtors and prepaymènts
2024
2023
Trade Debtors
Grants Receivable
Total
177
9,116
9.293
12,543
12,543

Le(Ibury Pla￿$
For thè Year End8d 31st March 2024
Note$ to the accounts Icontl
Charity funds
9.1 Detalls of materlal funds hold and movements during tho CURRENT r9POrting p$riod
Fund
Fund
balance8
balances
brought
carrl?d
forward Income exp•ns•8 Translors forward
Type
Purpose and
Restrictions
Fund names
All activity for
Barrett Browning
Inslilule
All activity lor the
Hertsge Centre
Burgage Hall
Barrett Browning
Instrtute
198,258
5,6S8
19231 {62,9921 140,000
Heritage CenlTe
Burgage Hall
AIM New Stories
Education project
Communrty Lottery
Fund
Town Council
Funded Projects
General
2,416
6,089 110,940}
1,723
(1,723}
919 110.3991
6,297
16,2971
2.436
9,480
10.000 {10,5241
524
2.400
65
11.8761
19,4641
15241
60,556
General fund
701
51,858
Total Funds as per balancè sheet
210,856 33,150 152.2461
9.2 Details of matsrial funds held and movements during the PREVIOUS reporting perlod
Fund
balancè•
brought
forward
191,860
Fund
balan¢8s
canled
forward
Type
Purpose and
Restrictlons
Incomè
Expgn¥
Tran8ter•
Fund names
All activity for
Barrett Browning
Institute
All activity for the
Herrtage Centre
He81ing
Barrett Browning
Institute
200,096
9,797
19.8731 11,7611 198,258
Herrtage Centre
Herrtage Centre
AIM New Stories
Burgage Hall
Architectural
Heritage Fund
General
5,535 11.472 113,169} {1,4221
11,4221
1,422
2,416
9,480
9.480
Burgage Hall
24.965 126,7261
102
17,8481
1,761
General fund
8.447
701
Total Funds as per balance $heet
214,077 55,816 IS9,0371
210.865
12

Le(Ibury Pla￿$
For the Year Ended 31st March 2024
Not￿ to the a¢¢ounts (cont}
10
Analysis of net assets between funds
Tanglble Net current
fixed
assets I
assets
{liabilitigs}
Net
Assets
Unrestrlcted funds
G&neral
51,857
51.858
Desonaled
Barrett Browning Inslrtute
Herrtage Centre
Burgage Hall
140.000
140,000
Restricted Funds
Architectural Her(iage Fund
New Stories New Audiences
Education Project
140.002
51.857
191.860
Prevlou8 year
Tanglble
fixed
assets
Net current
assets I
Net
Assots
Unrestrlcted funds
General
700
701
Deswngled
Barrett Bfowning Inslrtute
Henl8ge Centre
Burgage Hall
140,000
58.258
2.415
198,258
2.416
Resliicled
New Stories New Audience
9,480
9,480
140,002
70,854
210,856
13

Ledbury Places
For the Yaar Ended 31st March 2024
Notes lo the aecounts Icontl
11
Transactions wlth trustees and rèlated parties
11.1 Trustee remungration and bènefit$
None of the trustees have been paid any remuneration or received any other beneffts from an
employment wrth their charty or a related enlrty
11.2 Trustges, expenses
The only expenses paid lo Trustees during the year We￿ for the re-imbursement of out of rmxket
expenses while undertaking voluntary activities for the charty. No expenses for travel. subsistence
or accommodation were incurred.
11.3 Transaction{sl with related ￿rtIeS
There have been no related party transactions in the reporting period.
12
Employees
The charity had no employees during the year.
13
Company Limited by guarantee
The company is limrted by guarantee and has no share capital. Every member
of the company undertakes to eonlribute to the assets of the company. in the
event of il winding up, such an amount as may be r￿uired, not exceeding £10.
General Infomiation
Ledbury Places. Is a private company. limi(ed by guarantee, incorpoTated in
England and Wales, registered number 09079970. The registered address is 1A
The Homend, Ledbury, ￿e￿f0rdshire, HR8 1 BN
14
14

Le(*)ury Places
For Year ETrJed 31st March 2024
Dètslled Stsloment of Financial Activilies
2024
2023
INCOME AND ENDOWMENT
Oonations and legacies
Grarts ReceNable
SubscTPtions
19,616
65
19,681
35,195
102
35,297
Charitable activities
Visrtof SaleslDona1￿nS
Hire Of Rooms
5,914
7,555
13.469
9,762
10,757
20,519
Other Income
Total incoming resourcos
33.150
$5,816
EXPENDITURE
Charitable activities
Major Refurbishments
Materials and Stock
Opening Slock
Purchase
Less Closing St￿k
Repairs and Maintenance
utilities
Water
Telephone
Sundry rtems
Insurance
Consuttancy Fees
Other project Expendiiure
1,422
5,296
5.534
2,590
5.440
{4.1201 15,2961
1,908
7,465
3.183
4,e67
271
4,457
4,788
26.726
29.0
42.682
51.190
SUPPORT COSTS
Managemont
Admin Support
Sundry
Websrte
Membership Fees
Insuran
Accountancy
Bank Charges
4.023
434
5S5
35
3,776
18
3.927
802
1,199
1,278
72
7.278
Govemance costs
Examiners Fees
Legal Fees
570
570
570
570
Total rwurces expended
52.146
59,037
Net IncofflellExp•nditure)
118,996) 13,2211
15