2021-04-05-accounts - The Hereford Society For Aiding The Industrious

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				Page
Report of the Trustees			1	to	5
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet			8	to	9
Notes to the Financial	Statements		10	to	19
Detaged Statement of	Financial	Activtties	20	to	21

						5.4.21	5.4.20
				Unrestricted	Restricted	Total	Total
				funds	fund	funds	funds
			Notes	E	E	E	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies							876
Char(tab(e activities
Almshouse rental				118,339		1i8,339	109,135
Investment income			2	29,548		29,548	36,956
Total				147,987		147,987	146,967
EXPENDITURE ON
Raising funds			3	3,000		3,000	2,325
Charitable activities
Almshouse rental				132,567		132,567	104,110
Total				135,567		135,567	106,435
Net gains/(losses) on	tnvestments			113,608		113,608	(141,385)
NET INCOME/(EXPENDITURE)				126,028		126,028	(100,853)
RECONCILIATION OF	FUNDS
Total funds brought	forward			1,084,156		1,084,156	1,185,009
TOTAL FUNDS CARRIED FORWARD				1,210,184		1,210,184	1,084,156

Balance Sheet 5AA 1202
			5.4.21	5.4.20
		Notes	E	E
FIXED ASSETS
Tangible assets			178,456	182,191
Investments			965,618	844,135
			1,144,074	1,026,326
CURRENT ASSETS
Debtors		10	9,784	9,188
Cash at bank and in hand			66,2io	57,544
			75,994	66,732
CREDITORS
Amounts falling due vnthin	one year		(9,884)	(8,902)
NET CURRENT ASSETS			66,110	57,830
TOTAL ASSETS LESS CURRENT UABILITIES			1,210,184	1,084,156
NET ASSETS			1,210,184	1,084,156
FUNDS		13
Unrestricted funds			1,210,184	1,084,156
TOTAL FUNDS			1,210,184	1,084,156

INVESTMENT	INVESTMENT	INCOME
					5.4.21	5.4.20
					E	E
Investment	Dividends		and	Interest	29,548	36,956
RAISING FUNDS
Investment		management		costs
					5.4.21	5.4.20
					E	6
Portfolio management					3,000	2,325
NET INCOME/(EXPENDITURE)
Net income/(expenditure)				is stated after charging/(crediting):
					5.4.21	5.4.20
					E	E
Depreciation		- owned	assets		3,735	3,761
Independent		examination		fee	2,206	2, 142

STAFF COSTS
							5.4.21	5.4.20
							E	E
Wages and salaries							11,638	11,090
							11,638	11,090
The average monthly	number	of employees		during the	year was as	follows:
							5.4.21	5.4.20
Secretary							1	1
No employees received emoluments			in excess of E60,000.
COMPARATIVES FOR	THE STATEMENT OF			FINANCIAL	ACTIVITIES
						Unrestricted	Restricted	Total
						funds	fund	funds
						E	E	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies						876		876
Charitable activities
Almshouse rental						109,135		109,135
Investment income						36,956		36,956
Total						146,967		146,967
EXPENDITURE ON
Raising funds						2,325		2,325
Charitable activities
Almshouse rental						104,110		104,110
Total						106,435		106,435
Net gains/(losses) on	investments					(141,385)		(141,385)
NET INCOME/(EXPENDITURE)						(100,853)		(100,853)
RECONCILIATION OF	FUNDS
Total funds brought	forward					1,185,009		1,185,009

			Unrestricted	Unrestricted	Unrestricted	Restricted	Total
			funds			fund	funds
				E		E	E
TOTAL FUNDS CARRIED FORWARD			1,084,		156		1,084,156
TANGIBLE FIXED ASSETS
		Improvements				Fixtures
	Freehold	to	Plant	and		and
	property	property	machinery			fittings	Totals
	E	E	E			E	E
COST
At 6 April 2020 and
5 April 2021	289,173	36,326	24,246			6,073	355,818
DEPRECIATION
At 6 April 2020	114,173	30,575	24,	185		4,694	173,627
Charge for year		3,632			13		3,735
At 5 April 2021	114,173	34,207	24,	198		4,784	177,362
NET BOOK VALUE
At 5 April 2021	175,000	2, 119		48		1,289	178,456
At 5 Aprsl 2020	175,000	5,751				1,379	182,191
FIXED ASSET INVESTMENTS
							Listed
							investments
							E
MARKET VALUE
At 6 April 2020							844,135
Additions							7,875
Revaluations							113,608
At 5 April 2021							965,618
NET BOOK VALUE
At 5 April 2021							965,618
At 5 April 2020							844,135

10.	DEBTORS: AMOUNTS	DEBTORS: AMOUNTS	DEBTORS: AMOUNTS	DEBTORS: AMOUNTS	DEBTORS: AMOUNTS	FALLING DUE WITHIN	FALLING DUE WITHIN	ONE YEAR
											5.4.21	5.4.20
											E	E
	Other debtors										1,428	784
	Loans										7,300	7,400
	Prepayments										1,056	1,004
											9,784	9,188
11.	CREDITORS:		AMOUNTS			FALLING	DUE WITHIN ONE YEAR
											5.4.21	5.4.20
											E	6
	Trade creditors										7,528	3,214
	Accrued	expenses									2,356	5,688
											9,884	8,902
12.	ANALYSIS OF			NET ASSETS BETWEEN FUNDS
											5.4.21	5.4.20
								Unrestricted		Restncted	Total	Total
								funds		fund	funds	funds
									E	E	E	E
	Fixed assets							178,456			178,456	182,191
	Investments							965,618			965,618	844,135
	Current	assets						75,994			75,994	66,732
	Current	liabilities						(9,884)			(9,884)	(8,902)
								1,210,184			1,210,184	1,084,156
13.	MOVEMENT		IN		FUNDS
											Net
											movement	At.
										At. 6.4.20	m funds	5.4.21
										E	E	E
	Unrestr(cted			funds
	General	fund								1,084,156	126,028	1,210,184
	TOTAL	FUNDS								1,084,156	126,028	1,210,184
	Net movement				in funds,	included	in the above are as		fo(iows:
								Incoming		Resources	Gains and	Movement
								resources		expended	losses	in funds
									E	E	E	E
	Unrestricted			funds
	General	fund						147,987		(135,567)	113,608	126,028
	TOTAL	FUNDS						147,987		(135,567)	113,608	126,028

				Net
				movement	At
			At 6.4.19	in funds	5.4.20
			E	E	E
Unrestricted		funds
General	fund		1,185,009	(100,853)	1,084,156
TOTAL	FUNDS		1,185,009	(100,853)	1,084,156

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			E	E	E	E
Unrestricted		funds
General	fund		146,967	(106,435)	(141,385)	(100,853)
TOTAL	FUNDS		146,967	(106,435)	(141,385)	(100,853)

				Net
				movement	At
			At 6.4.19	in funds	5.4.21
			E	E	E
Unrestricted		funds
General	fund		1,185,009	25,175	1,210,184
TOTAL	FUNDS		1,185,009	25,175	1,210,184

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			E	E	E	E
Unrestricted		funds
General	fund		294,954	(242,002)	(27,777)	25,175
TOTAL	FUNDS		294,954	(242,002)	(27,777)	25,175

			Market Value	Cost
AstraZeneca PLC
350 50.25 Shares			25,365	15,550
Aviva Investors UK
23,747.92 Retail A Corporate	Bond		22,489	15,152
BHP Billiton PLC
425 Ordinary 50.50 Shares			8,902	9,953
BP
5,150Ordinary 50.25 Shares			15,174	29,882
BTGroup
1,475 Ordinary E1.15 Shares			2,283	4,665
Centrica
6,441 Ordinary 6.17p Shares			3,487	13,552
Dlageo
1,040 Ordinary 28 101/108p Shares			31,091	4,446
Experian PLC
1,450 Ordinary 50.10Shares			36,207	15,023
Fil Inv SVCS UK FID Income Gross		Y Inc
20,172 bond			25,437	24,009
Foreign & Colonel Investments
2,770 Ordinary 25p Shares			22,188	4,706
Glaxosmithkline
2,600 Ordinary 25p Shares			33,488	33,881
HSBC Holdings
2,000 Ordinary 50.5 Shares			8,464	10,406
Henderson group investment	Funds ltd
11,051 strategic bond			15,802	14,999
intercontinental Hotel
309 Ordinary 14.589665 share			15,373	2,724
Invesco
15,848.64 Corporate Bonds			34,875	28,827
International Public Partnership
17,325 Org GBP0.0001			29,141	27,779
JP Morgan Asia Growth 8 Income		PLC

5,400 Ord GBP0.25	26,946	19,743
Kames Capital PLC
75,638Corporate Bonds	26,193	23,935
Land Securities
1,751.00 Ordinary 10p Shares	12,084	20,465
LLoyds Banking PLC
16,319Ordinary 10p Shares	6,941	30,014
Murray Intl Trust
4,800 Ordinary 25p shares	57,984	55,061
National Express
7,000 Ordinary 5p Shares	21,546	24,580
National Grid
5, 185 Ordinary 11.40p Shares	44,798	24,633
Natwest Group PLC
430 Ordinary EI Share	844	11,649
New Capital Fund Management
129 Wealthy nations bond Instl GBP	14,772	14,999
Pennon Group
1,152 Ordinary 40.7p Shares	11,232	4,572
Personal Assets
64 Ordinary 125p Shares	28,928	22,390
Polar Capital Funds
Global Convertible Bonds	27,208	25,247
Prudential
860 Ordinary 5p Shares	13,248	4,057
M&G PLC
860 Ord GBP0.05	1,784
Reckit Benckiser
917Ordinary 10Shares	59,587	3,520
RIT Capital Partners
1,400. Ordinary E1 Shares	33,600	1,189
Schneider Electric
5 Euro 4.00 Shares		1,182
Scottish 8 Southern Energy
800 Ordinary 50p Shares	11,640	9,964
Shell Transport 0Trading
2,350 Ordinary 8 Euro 0.07Shares	31,373	1,150

Smiths Group
1,800 Ordinary	37.5p Shares	27,675	13,738
Smith gr Nephew
1550Ordinary	50.20 Shares	21,359	10,029
Standard Life Pic
6,872 Ordinary	10p Shares	19,922	9,333
StJames' Place
1,045 Ordinary	15p Shares	13,648
Unilever Pic
1,175 Ordinary	3.11pShares	47,658	15,714
United Utilities
564 Ordinary 5p Shares		5,222	3,429
Vodafone
9,272 Ordinary	50.11 Shares	12,228	23,753
Whitbread
1,575 Ordinary	76.80p Shares	53,960	15,732
Wincanton Group
750 Ordinary	10p shares	2,918	905
		965,618	647,188

Hereford Societ for Aidin
the Industrious
Detailed Statement of Financial Activities
for the Year Ended 5 A ril	2021
		5.4.21	5.4.20
		E	E
INCOME AND ENDOWMENTS
Donations and legacies
Donations			876
Investment income
Investment Dividends and Interest		29,548	36,956
Charitable activities
Almshouse Contributions		118,339	109,135
Total incoming resources		147,987	146,967
EXPENDITURE
Investment management	costs
Portfolio management			2,325
Charitable activities
General expenses - Venns	Close	16,309	12,741
General expenses —John Venn		6,076	6,669
Maintenance - Venns Close		71,994	48,464
Maintenance - St James Rd		1,670	2,023
General expenses - St James Rd		3,087	5,251
Maintenance - Friar Street		2,714
Grants to institutions		4,300	1,300
Grants to individuals		800	3,071
		106,950	79,519
Support costs
Governance costs
Wages		11,638	11,090
Office establishment costs		4,913	4,721
Insurance		3,125	2,877
Accountancy		2,206	2,142
Improvements to property		3,633	3,633
Fixtures and fittings		102	128
		25,617	24,591
Total resources expended		135,567	106,435
Net income before gains	and losses	12,420	40,532
Realised recognised gains	and losses
Carried forward		12,420	40,532

Hereford Societ for Aidin the Industrious �
Detailed Statement of Financial Activities for the Year Ended 5 ril 2021 gains	5.4.21 E	5.4.20 E
Realised recognised gains and losses
Brought forward	12,420	40,532
Realised (losses) on ftxed asset
investments	113,608	(141,385)
Net income/(expenditure)	126,028	(100,853)