2023-04-05-accounts - The Hereford Society For Aiding The Industrious

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						5.4.23	5.4.22
				Unrestricted	Restricted	Total	Total
				funds	fund	funds	funds
			Notes	E	E	f.	E
INCOME AND ENDOWMENTS		FROM
Charitable activities
Almshouse Maintenance	Contributions			118,763		118,763	111,755
Investment income			2	32,637		32,637	34,317
Total				151,400		151,400	146,072
EXPENDITURE ON
Raising funds			3	4,719		4,719	5,398
Charitable activities
Almshouse Maintenance	Contributions			161,627		161,627	179,377
Total				166,346		166,346	184,775
Net gains/(losses) on investments				(40,753)		(40,753)	33,557
NET INCOME/(EXPENDITURE)				(55,699)		(55,699)	(5,146)
RECONCILIATION OF FUNDS
Total funds brought forward				1,205,038		1,205,038	1,210,184
TOTAL FUNDS CARRIED	FORWARD			1,149,339		1,149,339	1,205,038

		5.4.23	5.4.22
	Notes		E
FIXED ASSETS
Tangible assets		176,191	176,256
Investments		955,108	1,010,654
		1,131,299	1,186,910
CURRENT ASSETS
Debtors	10	7,454	8,477
Cash at bank and in hand		26,778	26,570
		34,232	35,047
CREDITORS
Amounts falling due within one year		(16,192)	(16,919)
NET CURRENT ASSETS		18,040	18,128
TOTAL ASSETS LESSCURRENT LIABILITIES		1,149,339	1,205,038
NET ASSETS		1,149,339	1,205,038
FUNDS	13
Unrestricted funds		1,149,339	1,205,038
TOTAL FUNDS		1,149,339	1,205,038

INVESTMENT INCOME	INVESTMENT INCOME
					5.4.23	5.4.22
						E
Investment	Dividends	and	Interest		32,637	34,317
RAISING FUNDS
Investment	management		costs
					5.4.23	5.4,22
					E
Portfolio management					4,719	5,398
NET INCOME/(EXPENDITURE)
Net income/(expenditure)			is	stated after charging/(crediting):
					5.4.23	5.4.22
					E	E
Depreciation	- owned	assets			6S	2,200
Independent	examination		fee		2,347	2,727
TRUSTEES'	REMUNERATION			AND BENEFITS

STAFF COSTS
							5.4.23	5.4.22
							E	E
Wages and salaries							13,098	12,342
							13,098	12,342
The average monthly	number		of employees		during the year was as	follows:
							5.4.23	5.4.22
Secretary							1	I
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
Charitable activities
Almshouse Maintenance		Contributions				111,755		111,755
Investment income						34,317		34,317
Total						146,072		146,072
EXPENDITURE ON
Raising funds						5,398		5,398
Charitable activities
Almshouse Maintenance		Contributions				179,377		179,377
Total						184p775		184,775
Net gains on investments						33,557		33,557
NET INCOME/(EXPENDITURE)						(5,146)		(5,146)
RECONCILIATION OF FUNDS
Total funds brought	forward					1,210,184		1,210,184
TOTAL FUNDS CARRIED		FORWARD				1,205,038		1,205,038

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		E	E	E	E
Unrestricted	funds
Generalfund		146,072	(184,775)	33,557	(5,146)
TOTAL FUNDS		146,072	(184,775)	33,557	(5,146)

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			E	E	E	E
Unrestricted		funds
General	fund		297,472	(351,121)	(7,196)	(60,845)
TOTAL	FUNDS		297,472	(351,121)	(7,196)	(60,845)

		Market Value	Cost
AstraZeneca PLC
350$0.25 Shares		39,312	15,551
Avlva Investors UK
23,747.92 Retail A Corporate	Bond	18,265	15,152
BHP Billiton PLC
425 Ordinary 50.50Shares		10,878	9,954
BP
5,150Ordinary 50.25 Shares		26,306	29,883
Diageo
1,040 Ordinary 28 101/108p Shares		37,586	4,447
Experian PLC
1,450 Ordinary 50.10Shares		38,570	15,023
Fil Inv SVCS UK FID Income Gross Y Inc
20,172 bond		19,900	24,009
Foreign &Colonel Investments
2,770 Ordinary 25p Shares		25,207	4,707
Glaxosmithkline
2,080 Ordinary 25p Shares		29,723	27,730
HSBC Holdings
2,000 Ordinary $0.5 Shares		10,994	10,406
Henderson group investment	Funds Itd
11,051 strategic bond		12,984	14,999
Intercontinental Hotel
309Ordinary 14.589665 share		16,414	2,725
Invesco
15,848.64Corporate Bonds		29,394	28,828
International Public Partnership
18,768 Org GBP0.0001		27,176	30,082
JP Morgan Asia Growth &Income PLC
5,400 Ord GBP0.25		20,034	19,744
JP Morgan Asia Growth &Income PLC
9,000 Ord GBP0.05		41,085	42,163
Kames Capital PLC
75,638Corporate Bonds		21,224	23,935

for th	e Year Ended 5 A ril 2023
15.	SCHEDULE OF QUOTED INVESTMENTS AT 5TH APRIL 2023 - continued
	Land Securities
	1,751.00Ordinary 10p Shares	10,877	20,465
	LLoyds Banking PLC
	16,319Ordinary 10p Shares	7,780	30,014
	National Express
	7,000 Ordinary 5p Shares	8,519	24,581
	National Grid
	5,185 Ordinary 11.40p Shares	56,854	24,634
	Natwest Group PLC
	399Ordinary E1.0769 Share	1,052	11,649
	New Capital Fund Management
	129 Wealthy nations bond Instl GBP	11,066	14,999
	Pennon Group
	768 Ordinary 40.7p Shares	6,712	4,572
	Personal Assets
	12,200 Ordinary E0.125Shares	58,255	50,067
	Polar Capital Funds
	5,898 Global Convertible Bonds	44,649	51,262
	Prudential
	860 Ordinary 5p Shares	9,477	4,057
	Reckit Benckiser
	917Ordinary 1010/19p Shares	56,469	3,521
	RIT Capital Partners
	1,400. Ordinary E1 Shares	26,880	1,189
	Scottish &Southern Energy
	800 Ordinary 50p Shares	14,424	9,965
	Shell Transport R Trading
	2,350 Ordinary B Euro 0.07Shares	54,250	1,151
	Smiths Group
	1,800 Ordinary 37.5p Shares	30,897	13,738
	Smith R Nephew
	1550Ordinary 50.20 Shares	17,391	10,029
	St James' Place
	1,045 Ordinary 15p Shares	12&247
	Unilever Pic
	1,175Ordinary 3.11pShares	49,233	15,714
	United Utilities
	564 Ordinary E1	5,978	3,429