|||||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|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)|