2023-04-05-accounts

	N C Bolt
	)A RDlis
	JAGoldsmith
	RA Hammonds
	6 LKemp
	WThhorris	(resigned 10.12.22)
	C RPotter
	Dr LASeal
	J RSheldon
	P H Williams
	8TAndrews		(resigned 10.12.22)
	RJ Binnersiey		(appointed 10.12.22)
REGISTERED OFFICE	2Wyevale	Business Park
	Kings Acre
	Hereford
	Herefordshire
	HR4 7BS
REGISTERED COhhPANY NUhSER	CE024725
REGSTERED CHARITY NUhSER	1193285
INDEPENDENT AUDITORS	Thorne Widgery Accountancy			Ltd
	Chartered	Accountants
	Statutory Auditors
	2Wyevale	Business Park
	Kings Acre
	Hereford
	Herefordshire
	HR4 78S
	Eversheds
	115Colmore		Row
	Birmingham
	83 3AL
	Barclays Bank UK PLC
	Leicester
	LE87288

								Period
								27.1.21
							Year Ended	to
							5.4.23	5.4.22
					Unrestricted	Restricted	Total	Total
					fund	fund	funds	funds
				Notes	E	E	E	E
INCOME AND ENDOWMENTS			FROM
Donations and legacies				2	3,365,685	116,424	3,482,109
Investment income				3	216,043	7,784	223,827
Total					3,581,728	124,208	3,705,936
EXPENDITURE ON
Raising funds					5,131		5,131
Charitable activities
Grant					150,000	6,000	156,000
Other					23,149		23,149
Total					178,280	6,000	184,280
Net gains/(losses)	on investments				(99,703)	(14,754)	(114,457)
NET INCOME					3,303,745	103,454	3,407,199
RECONCILIATION	OF FUNDS
Total funds brought		forward
TOTAL FUNDS CARRIED FORWARD					3,303,745	103,454	3,407,199

Balance Sheet 5~A3 2023
				5.4.23	5.4.22
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funcls
	Notes	E	E	E	E
FIXEDASSETS
Investments
Investments	9	916,595	103,454	1,020,049
Investment property	10	2,345,500		2,345,500
		3,262,095	103,454	3,365,549
CURRENT ASSETS
Cash at bank		44,150			22,172
CREDITORS
Amounts falling due within one year		{2,500)		(2,500)	(22,1?2)
		4'1,650		41,650
TOTAL ASSETS LESSCURRENT UABILITIES		3,303,745	103,454	3,407,199
		3,303,745	103,454	3,407,199
FUNDS	12
Unrestricted funds Restricted funds				3,303,745 103,454
TOTAL FUNDS				3,407,199

						Period
						27.1.21
					Year Ended	to
					5.4.23	5.4.22
				Notes	E	E
Cash flows from operating	activities
Cash generated from operations					3,533,768	22,172
Net cash provided by operating		activities			3,533,768	22,172
Cash flows from investing	activities
Purchase offixed asset investments					(1,079,749 )
Purchase ofinvestment property					(3,020,500)
Sale of fixed asset investments					(39,214)
Sale ofinvestment property					610,000
Dividends received					17,673
Net cash (used in)/provided	by	investing		activities	(3,511,790)
Change in cash and cash equivalents			in	the
reporting period					21,978	22,172
Cash and cash equivalents	at the
beginning ofthe reporting	period				22,172
Cash and cash equivalents	at the end		of
the reporting period					44,150	22,172

							Period
							27.1.21
						Year Ended	to
						5.4.23	5.4.22
						E	E
	Net income for the			reporting	period (as per the Statement of Financial
	Activities)					3,407,199
	Adjustments		for:
	Losses on	investments				163,914
	Dividends	received				(17,673)
	(Decrease) /increase			in creditors		(19,672)	22,172
	Net cash provided			by operations		3,533,768	22,172
2.	ANALYSIS	OF CHANGES IN NET FUNDS
					At 6.4.22	Cash flow	At 5.4.23
					E	E	E
	Net cash
	Cash at bank				22,172	21,978	44,150
					22,172	21,978	44,150
	Total				22,172	21,978	44,150

DONATION	S	AND LE	GACIE	S
						Period
						27.1.21
					Year Ended	to
					5.4.23	5.4.22
					E	E
Donations					3,482,109
INVESTMENT		INCOME
						Period
						27.1.21
					Year Ended	to
					5.4.23	5.4.22
					E	E
Rents received					205,924
Insurance	income				230
Portfolio investment			income		17,673
					223,827
RAISING FUNDS
Investment		management		costs
						Period
						27.1.21
					Year Ended	to
					5.4.23	5.4.22
					E	E
Portfolio management					4,243
Property repairs					584
Rental management			charges		714
Insurance	Costs - 5StJohn			Street	(62)
Bank Charges					(348)
					5.131

3.	Donations INVESTMENT INCOME

								Period
								27.1.21
							Year Ended	to
							5.4.23	5.4.22
							E	E
Grant							156,000
The total		grants paid to institutions			during the year was as follows:
								Period
								27.1.21
							Year Ended	to
							5.4.23	5.4.22
							E	E
Hereford		Cathedral	School - Musicians'			Grant	10,000
Hereford		Cathedral	School - Additional			Bursary	33,000
Hereford		Cathedral	School - Choristers			Grant	10,000
Hereford		Cathedral	School - Bursary		Fund		97,000
Number	One Fund		- Choristers	Bursary			6,000
							156,000

	Unrestricted	Restricted	Total
	fund	fund	funds
	E	E	E
NET INCOME
TOTAL FUNDS CARRIED FORWARD
FIXEDASSET INVESTMENTS
			Listed
			investments
			E
MARKET VALUE
Additions			1,079)749
Disposals			(10,243)
Revaluations			(49,457)
At 5April 2023			1,020,049
NET BOOK VALUE
At 5April 2023			1,020,049
At 5 April 2022

		Listed
		investments
		E
Valuation	in 2023	(49,457)
Cost		1,069,506
		1,020,049
INVESTMENT PROPERTY
FAIR VALUE
Additions		3,020,500
Disposals		(675,000)
At 5April2023		2,345,500
NET BOOK VALUE
At 5 April	2023	2,345,500
At 5April2022

11.	CREDIT	ORS:	AMOUNTS FALLING DUE WITHIN ON	E YEAR
					5.4.23	5.4.22
						E
	Trade creditors					22,172
	Accruals	and	deferred income		2,500
					2,500	22,172
12.	MOVEMENT		IN FUNDS
					Net
					movement	At
				At 6.4.22	in funds	5.4.23
					f
	Unrestricted		funds
	General	fund			3,303,745	3,303,745
	Restricted funds
	Number	One	Fund		103,454	103,454
	TOTAL	FUNDS			3,407,199	3,407,199

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			E	E	E	E
Unrestricted		funds
General	fund		3,581,728	(178,280)	(99,703)	3,303,745
Restricted funds
Number	One	Fund	124,208	(6,000)	(14,754)	103,454
TOTAL	FUNDS		3,705,936	(184,280)	(114,457)	3,407,199