REGISTERED COMPANY NUMBEL" 00020458 (England and Wales) REGisfERED CHARITY NUMBER: 212220 Re rt of the Trustee5 and Unaudited Financial Statements for the Year Ended 5 A ri12024 for Hereford SKtet for Aldln the Industrious Thorne Wldgery AccoLmtancy Ltd Chartered Accountants 2 Wyevale Business Park Kings kre Hereford Hef0rdshI HR4 7BS
Hereford Socie the Industrious for Aidin Contents of the Financial Statements for the Year Ended 5 ri12024 Page ReFQrt of the Trustees 1 to 5 Independent Examinerfs Report Statement of Financial Activitie5 Balance Sheet Notes to the Flnancial Statement5 9 to 14 Detailed Statement of Financlal Actfvltles
Hereford Soclet for Aidln the Industrious Re rt of the Trustees for the Year Ended 5 ri12024 The trustees who are also director5 of the charity for the purrM)5e5 of the CompaniÈs Act 2(X, present their report with the financial statements of the charity for the year ended 5 April 2024. The trustees have a(k)pted the prowsions of Accounting and Reporting by Charities.. Staternent of Recommended Practice applicable tts tharities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFR5 102} leffective 1 January 20191. OBJECTIVES AND ACTIVITIES The objectives of the charity are: lal To improve the conditions of the poor and generally to relleve poverty In the Clty of Hereford and its elghbouthood Ivthlch expression shall in this clause include such extent of suburt)s and surrounding, or a(ijoining. Country as the Society may from tink to time think fit). Ibl To advance education in the Clty of Hereford and Its neighbouthood. Icl To promote stKh other activitles for the beneflt of the Inhabltants of the Clty of Hereford and its neighboutfv)od as are charitable a5 the &)ciety may frorn tTrrre to time decide. Idl For the putpose of furthering any of the objects aforesald and subject to the condltlons ImFosed by Law to exerclse any of the following p)wers:. lil To acqui and hold land of any tenure in England and Wales. 1111 To sell, let, relet. lease, exchange, manage, Improve, develop, mortgage or otherwlse deal wfjth the whole or any part of the property of the &xlety and to Invest the whole or any part of the nK>neys of the Soclety In or ukx)n such Inve5trTEnts a5 may from time to time be determined. liiil To borrow or raise money by charge, mortgage. debenture or OtheISe, of all or any part of the PrOrtY of the Society. lyl To erect, alter. fit up, furnish and maintain tyJilding5 and premise5. Iv) To charge each Occupier of the Homes of the Society a weekly sutn toward5 the ctsst Of maintaining the HrAne5 and the essential services therein of such an amount as may be approved from time to tlme by the Charfty Commissioners. l To a55i5t by subscription or othetwlse any other charitable organisation wlth any object or objects slmliar to any objects of the Society. Iviil To promote or fom), al$t or amalgamate wth any other Society or Company forrned for charitable purp05e5 only having objects similar to any of the objects of the ScKiety and to take or otherwise acquire any shares or intewt in any Such Society or Company. The two main areas of activity are: grant5 and loans to individuals dIsplang an industrious nature and secondly, maintaining and administetfjng the almshouses at Venns Close. Street and 24 St James Road. The Society also glves thnatlons to Indust05 HerefordshI charftles preferrlng to donate to a speclflc proje rather than to runnlne costs. Page 1
Hereford Sodet for Aidin the IndustriOU5 Re rt of the Trustee5 for the Year Ended 5 ril 2024 ACHIEVEMENT AND PERFOIiMANCE Vacant almshouse5 at Venns Close a belns up-dated or completely refurt)lshed. Only prowrty remalns empty at Frtar Street whlch Is awaltlng further Improvements. There Is a growing Intest In the almthuses which are of a hlgh quallty and has resulted in the number of name5 on the Waiting L15t Increasing. The Fnalntenan¢e costs, due to the work programme for the vacant propertles, has rewlted In the costs belng hlglK•r than nomwl this year. The Soclety's Bulldlng Consultant Is stlll experfenclng problems wSth obtalnlng bulldlng materials and is consclous of the level of councll tu. He proe5 a Property Maintenance Revlew each year to the trustees which provide5 an up-date on the Condition of the almshouses and highlights any wtential maintenance 155ues. The Chalmian contlnues to pursue Herefordshire Council over the refurbishrnent of Corronercial Road incorporating the entrance to the Burfal Ground but no further progress has been made. The lack of appropriate grant appli¢ations from in1TduaIs remains a concem to the trustees. The Secretary was appointed to the HefOrdshire Funders Group to promote the Soclety's grant work. Local charities Contin to benefit from donatitsns and the fiety has supported agaln this year the Friends of Blackfriars Rose Gardens and Marches Famlly Network. PUBLIC BENEFIT SCHEME The Soclety has throughoLrt the year given due regard to the public benefit of the charity. In particular, the charbty has assisted by way of donatlon and loan to IndtJ5triou5 indivlduab. a(fvanced education and prO)ted other activftles for the benefit of the l¢xalily. The charity also contlnues to Invest and Improve Its housfjng stock wlth a view to provldlng accommdation of a high standard and an independent way of lTrfe for those residents of Hereford City and surrounding areas who may not otherwise be able to enjoy such facilities. Page 2
Hereford Societ for A?dln the Industrious rt of the Trustees for the Year Ended S A NANCIAL REVIEW Tt flnances are reeWel by the Committee at their monthly meetings, in additional Chaim)an and Secretary meet fortnlghtly to monltor and administer the finances. Stockbrokers advi in their profe$5ional ¢apa¢ity. Stafflng co5 a closely Nnitored and the Secretary continues to recefve tempjrary administrative assistance when ired, approved by the Chalrman. The principal funding source5 are Weekly Maintena¥Ke Contributions and income from investments. Investnnt powers and pollcy Under the IkffK)randum and Artkies of ssoclatlc), the charlty has the Fx)wer to Invest. A minimal aUnt is held in the charity's bank accounts, any surplus being transferred to a dewjsit account held with Redmayne Bentley, the Societys Stockbrokers, pending reinvestment based on their recomrnendati¢Jns. The deposit account atso attracts a hlgher Interest rate than the Socletys bank accounts. Revlew of flnandal r6suIts Durlng the year the charity had total income of £155,319 12023: £151,401}, total expenditure of £136.670 12023: £166,347) result in a surplus before galns and losses on Investments of £18,64912023: £14,949 defidtl. Total reseThes at the balance Sheet date totalled £1,165,84912023: £1,149.3391, all of whlch Is held In unresirtcted funds. Reserves polky It is the policy of the Sodety to hold reserves to a minimum acceptable level to meet fulShffnt costs relating to the AlM5hCw and pendlng awards to successful applicants. Free reserves, whlch compmmlses total resetves Less those held In flxed assets and Investments less any restrtcted ftAnd balances arrwnted to £27,88012023: £18,040). Plans for future perlods - Continue with Phase 2 of the mllfjng refurfoishment pmgramme for the almshouses. Increase the number of grant applications from individuals. . h4)nltor InVesnt performarKe by Stockbrokers. - Venns Arch improvements. - Project In MOry of Sarah Meadows. ¢1¥ Concern The trusw have considered the effect of the current ecorK)mic climate wth rising eosts and the future of the charity and believe they are in a sound financial position to continue for the fore5eeabie fuLure. Further details are provided In the accountlng pollcles note, Inclutjed In the notes to the fInala1 statements. STRUCTURE. GOVERNANCE AND MANAGEMENT Go¥ernin8 document The Hereford Soclety for Aldlng the Industrfjous Is a company Ilmlted by guarantee govemed by Its knranduM and Artlcle5 of A55(Klatlon dated 5th November 1884 and amended to allow for current governance arrangement on 23rd March 1950. It is registered as a charity with the Charity Commission. The number of the Members of the Soclety 15 limited to 100, consisting of Memters of Committee and ordinary M£mbers. The Committee wherEver they shall think flt gIster an Increase of Mr$. Anyone WIKJ takes an Inte$t In the welfare and progress of the objects of the Sc(lety shall quallfled to become a Member of the S(Kiety. Risk manaoement The charlty does not have a risk management strdtsw. However, regular meetings tween the Chainnan an(J Secretary and monthly rretlngs of the Commlttee ensure that any rfsk is Identifled earty and managed. Page 3
Hereford Societ for Aidin the Industrlous Re rt of the Trustees for Year Ended 5 A r612024 STRUCTURE, GOVERNANCE AND NAGEMENT Appolntment of Trustees s set out in the Articles of Association the chair of the Committee and trustees are elected and untll resignation. death or vote of a majorlty of two-thlrds of the Member5 of the Committee present aThJ votlng at Spe¢ial Pleeting of the Commlttee. The trustees have powers to co-opt members if qUid. Trustee Inductlon and tralning New Trustees are briefed on the responsibilities and managemènt of the Charity as set out in the Ple[ran{luM and Articles of Assodatlon, athsed of commlttee and deeision-making prtxess, and ent financial performance of the charfjty. or8anisation The Board of Tntstees, currently 9 In number, admlnlsters charlty. The Board meets mnthly and there is an investment sub-committee who meet when required to discuss investments and finances. A Secretary is appointed by the trustees to manage the day-to-day operations of the Society. To facilitate effective operations, the Secretary has delegated authority, w(thln tem>s of delegation appr¢)ved by the trustees and in consultation with the Chaimian. Related partl•s The Society administers three sets of almshouses and ha5 appolnted a Bulldlng Consultant to oversee the malntenan of tw In consultatlon vAth the Secretary and the Chalrnn when necessary. Dlr•ctors and Trust• director5 of the charitable company Ithe charity) are its tnL5tees for the purpose of charity law and thro this report are collectively referred to as the tntstees. The trustees servtng durlng the ye)r and $fnce the year-end a as follows: Hereford Society for Aitjing the IndustriousNominated Chairrnan: H G M Bricknell lapFointed 16th September 2CI)21 Elected TnJ5tees: R G Miller (deceased 23.1.241 M Jones G M 8Ticknell C R George Mrs J E O'Donnell R G V Weston T Nellist J Dillon Mrs L A Seal Mrs M Ftsxton seCtary. Mrs S J Robertson REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number OCK120458 (England and WaLe51 Reiisterod Charlty nun*er 212220 Rstered ¢)ffice 18 Venns C105e Bath Street Hereford HR12HH Page 4
Hereford Societ for Aidin the Industrious Re ort of the Trustees for the Year Ended 5 ri12024 Tru#¢es C R George H G M 8rfcknell hlrs J E O'Donnell M J Jone5 Dr R G Miller (deceased 23.1.241 R G V Weston T G Nellist J R Dlllon M Foxton Mrs L A Seal Chalrman H G M Bricknell Company Secretary Mrs S Robertson Independent Examlner )r Widgery Accountancy Ltd Chartered Accountants 2 Wyevale Business Park Klng5 Ac Hereford Hereford5hire HR4 7BS Solldtors Lambe Corner 36137 Bridge Street Hereford HR4 9DJ Investment Advisers Redmayne.Bentley LLP 36137 Bridge Street Hereford HR4 9DJ Banker5 Lioyds Bank plc Hlgh Town Hereford HR1 IAE Approved by order of the board of trnstees on ... Lio(z¥........................... and signed on its ihalf by: H G t1 Brick - Truste Page 5
Inde endent Examiner's Re ort to the Tnrtees of Hef0rd Soclet for Aldln the IndustriOU5 Independent examlner's report to the trustees of Horeford Soclety for Aldlng the Industrlous {*he Company'l I report to the charity trustees on my examlnatlon of the accounts of the Company for the year ended 5 April 2024. Responslbllltles and basls of report As the charity's trustees of the Company land also it5 director5 for the purposes of company lawl you are re5pon5ible for the preparatlon of the accounts in aCcOrdae with the requlrement5 of the Companles Act Z006 rthe 2CQ6 Act'i. Hawng satlsfled myself that the accounts of the Company are not requlred to be audlted under Part 16 of the 2006 Act and are ellglble for independent examination, I report in respect of my examination of your charfty's accounts as carried out under Section 145 of the Charities Act 2011 1.the 2011 Act'l. In carrying out my examination I have folLowed the Directions giyen by the Charity Commission under Section 145151 Ibl of the 2011 Act. Independent examlner's statement I have completed my examination. I confirn) that no fflatte have come to my attention In connettlon wlth the examinatlon glvlng rre cause to believe: accounting cordS We not kept In respecr of the Company as requlred by Sectlon 386 of the 2(XJ6 Act. or the accounts do not accord wth those Ords. or the accounts do not comply wlth the accountlng reqLdments of Sectlon 3% of 2(K)6 Act other than any requirement that the accounts gfve a tnt and falr vfew whld) Is Th)t a matter consldered as part of an In(lependent examination,. or the accounts have not been prepared in accordance wlth the rnethods and prfnclpie5 of the Statement of Recommended Practl¢e for accounting and reporting by charities lappllcable to charftles preparfng thelr accounts in accordance wth the Financlal Reportlng Standard applicable in the UK and Republic of Iland IFRS 10211. I have concerns and have come acros5 no other matter5 in tonnection wth the exam?nation to which attention should tse drawn in this port in order to enable a proper understanding of the account5 to be reached. Lisa Weaver FCCA The Assoclatlon of Chartered Certified Accountants Thorne Widgery Accountancy Ltd Chartered Accountants 2 Wyevaie Buslness Park Klngs Acre Hef0rd Hereford5hire HR4 7BS Date:..... Page 6
Hereford Societ for Aidin the Industrious Statement of Flnanclal Actlvltles Incor ratin an Income and nditure Accoun for the ear Ended 5 ri12024 5.4.24 Total funds 5.4.23 Total funds UnrestActed funds ReStrfCd fund Note5 INCOAIE AND ENDOWMENTS FROM Charitable activities Almshouse maintena Contributions 121,737 121,737 118,763 Investment incorne 33,582 33.582 32,638 Total 155,319 155,319 151,401 EXPENDITURE ON Raising fund5 5,828 5,828 4,719 Charltable actlvltles Aimshou5e Maintenance Contrfbutlons 130.842 130,842 161,628 Total 136,670 136.670 166.347 Net gainslliossesl investments 12,1391 12,1391 140.7531 INCOMEIIEXPENDITURE) 16,510 16,510 155.6991 RECONCIUATION OF FUNDS Total fund5 brought foTh4ard 1.149,339 1,149.339 1,205,038 TOTAL FUNDS CARRIED FORWARD 1,165,849 1,165,849 1,149,339 The Mte5 form part of these financlal statemènts Page 7
Hereford Societ for Aidin the Industrious Re istered number: LXKJ20458 Balance Sheet 5A rf12024 5.4.24 5.4.23 Notes FIXED ASSETS Tanglble assets Investments I75,0 962,969 176,191 955,108 1,137,969 1.131,299 CIJRRENT ASSErs Debtors Cash at bank and in hand 10 6,441 28,514 7,454 34,955 34,Z32 CREDITORS Amounts falling due with7n ce year 11 17,0751 116,1921 NET CURRENT ASSErs 27,880 18.040 TOTAL ASSETS LESS CURRENT UABILITIES 1,165,849 1,149,339 NET ASs 1,165,849 1,149,339 FUNDS Unrestrfcted fun¢Js 13 1,165,849 1,149,339 TOTAL FUNDS 1.165,849 1.149,339 The charitable rompany Is entltled to exemption from aud?t under Section 477 of the Companles Art 2CQ6 for the year ende(15 Aprfl 2024. The members have [t required the company to obtain an audit of its financlal statements for the year ended 5 4Jdl 2024 fn accordance with Section 476 of rhe Companks Act 2006. The twstees acknowledge their responsibilities for lal ensudng that the charitable ¢tirnpany keeps accounting records that comply with Se¢tlon$ 386 and 387 of the Companies Act 2(K)6 and preparing flnanclal statements which wve a true and falr eW of the state of affalrs of the charitable company as at the end of each flnan¢lal year and of it5 surplus or deflclt for each flnan¢ial year in accordance wlth t requirements of Settions 394 and 395 and which othemse comply wlth the requirements of the Cornpanle5 Art 2())6 relating to financlal statements, 50 far as applicable to the charitable company. Ibl These finarKial statements have been prepared In accordance with the provision5 applicable to charitable compJn?es subject to the small companies reg11T. The flnanclal tatetnents were approved by the Board of Tntstees and authorlsed for issue and were signed on its behalf by.. on knell - T The notes fom part of these financial statements Page 8
Hereford kKiet for Ai(lin the Industrious Notes to the Flnanclal Statements for the Year Ended 5 A ACCOUNTING POUCIES Bosls of preparln# the flnahclal statemènts The financial statements of the chadtable company. whlch 15 a publlc Ixneflt entlty under FRS 10Z. have been prepared in accordance with the Charities SORP IFRS 1021 'AcCOting and Reporting by Charities: StatewEnt of Recommended Practice applicable to charitie5 preparing their Kcounts in accordance th the Financial Reporting Standard applicable In the UK and Republlc of Ireland IFRS 1021 leffective 1 January 20191,, Finanthal Rep)rting Standard 102 The FinaKial Reporting Standard applicable in the UK and Republic of Ireland. and the Companie5 Act 2(M)6. The financial statements have been prepared under the historfcal cost conventlon, wlth the exception of Investments which are included at mthet value, as modified by the aluatIon of certain assets. &)ins concern The Trustees have considered the future of the organi5ation in light of the current economlc cllmate wth ri51ng costs, however to its nature, the income will not be adversely affected and there wa5 a need to cut costs there are areas where savlngs in expenditure can made in the short to mediurn temi. Due to these factors, the Trustees belleve the organlsatlon Is a 8oln8 concem for the foreseeable future of at least twelve month5 from date of 5i8ning these financial statements. Incom• All Income Is C08n75ed in the Statement of Financlai Activitle5 once the charity has entitlement to funds, It Is probable that the incorne wbll be received and the arrK*unt can be measured reliably. Expendlture Llabilitie5 are recogni5ed a5 expenditu as 5wn a5 there 15 a le4al or constructlve obllgatlon comrnlttlng the charity to that expenditure, it is probable that a transfer of economic benefits will be requlred In settlement and the amount of the obligation can be measured reliably. Expenditu Is accounted for on an accruals basls and has been classified under headings that agggate all cost related to the Category. Where Costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent wilh the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but Mt accrued as expenditure. Tanlblè flxed assèts Depreclatlon Is pmvlded at the followlng annual rates In order to wrfte off each asset over its estlmatsd useful life. Improvements to property Flxtures and flttlnss 10% on cost 20% on reding balance Fixed asset Investments Fixed asset investments are trlUded at the year end in the account5 at market value. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. PpayMentS a valued at the arTh)unt prepaid after taking accJnt of any trade discounts due. Cash at bank and In hand Cash at bank and cash In hand includes cash and short temi hlghly Ilquld Investments. Credltors and provlslons Creditors and provislon5 are recognised where the charity has a present obllgation resulting from a past event that wlll probably result in the transfer of funds to a third party and the amount due to settle the obllgatlon can be measure5 or esilmated reliably. Creditors and pro$10n5 are tK)rnially re(08ni5ed at their settlement amount afteT allowing for any trade discounts due. Page 9 continued...
Hereford Societ for Aidin the Industrious Notes to the Flnandal Statements - continued for the Year Ended 5 A ri12024 ACCOUNTING POLICIES- contlnued Taxatlon The charity Is exempt from corporation tax on its charitable actiwtie5. Fund accountln8 Unrestricted funds can be used Tn accordance with the charitable obje¢tives at the dis¢tion of the trustees. Restrirted funds can only be used for particular Stricted purposes within the object5 of the charity. Restriction5 arise when specified by the dOr or when funds are ralsed for partlcular restrfcted purroses. Further explanation of the natu and purpose of each fund Is Included In the notes to the fInala1 stateff*nts. Alalntenance The cost of malntalnlng Almshouses Is accounted for on a flve-year basls, wlth an annual allLKatlon charged to the surplus account from a maintenance re5erYe, wlth actual expenditure In the year charged agalnst the reserve. At the end of thls five year Feriod, maintenance 15 to be rnet wlth general fund5. INVESTMENT INCOME 5.4.24 5.4.23 Investrnent Diwdends and Interest 33,582 32,638 RAISING FUNDS Investment management costs 5.4.24 5.4.23 Portfolio management 5,828 4,719 Nrf INCOMEIIEXPENDITURE} Net irKorrellexpenditurel is stated after chargingllcredltlngi: 5.4.24 5.4.23 Depreciation - owned assets Independent examlnatlon fee 1,191 2,514 65 2,347 TRUSTEES. REMUNElidTION AND BENEFITS There were no tnjstees. rernunerat1C or other benefits for the year ended 5 Aprfl 2024 nor for the year ended 5 Aprfl 2023. Trust••s' •xp•ns•s There were no ttee5. expenses paid for the year ended 5 April 2024 nor for the year ended 5 April 2023. Page 10 continued...
Hereford Sc(let for Aldin the Industrious Notes to the Flnanclal Statement5 - continued for the Year Ended 5 A ri12024 STAFF co¥rs 5.4.24 5.4.23 Waqes and salaJ1es 14,748 13.098 14.748 13,098 Tl average monthly number of employees during the year was'as follows: 5.4.24 5.4.23 secretary No employees received enKJluments in excess of £60,(KK). COMPARATIVES FOR THE STATEMENT OF FINAHCIAL AcfiviTIES Unrestrirted funds Restrfcted fund Total fu15 INCOME AND ENWWMENTS FROM Charltable artivities Almshouse Maintenance Contrftrmjtlons 118,763 118.763 InvestNnE income 32,638 32.638 Total 151,401 151,401 EXPENDITURE ON Raising funds 4,719 4,719 Charltable actlvltles Almshouse hlaintenance Contrfbutlons 161,628 161,628 Trtal 166,347 166,347 Net gainslllos5es1 on investments 140.7531 140,7531 INCOAIEI{EXPENDITLIRE) 155.6991 155,6991 RECONCIUATION OF FUNDS Total funds brought forward 1,205,038 1.205,038 TOTAL FUNDS CARRIED FORWARD 1,149,339 1,149,339 Page 11 continued...
Hereford Soclet for Aldln the Industrious Notes to the Flnanclal Statements - continued for the Year Ended 5 A .1 2024 TANGIBLE FIXED ASSEtS Improvements to property Fixtures and flttlngs Freehold property Plant and machinery Totals cosr At 6 April 2023 and 5 April 2024 289.173 36,326 24,246 6,073 355.818 DEPRECIATION At 6 April Z023 Charye for year 114,173 36,326 24.Z15 31 4,913 1,160 179,627 1,191 At 5 Aptll 2024 114,173 36,326 24,246 6,073 180.818 BOOK VALUE At 5 April 2024 175,ts)0 175,( At 5 April 2023 175,C#JO 31 1.160 176.191 FIXED ASSET INVESTMENTS Listed Investments MAR VALUE At 6 &DriI 2023 Additions Revaluations 955.108 9,976 12,1151 At 5 Aprfjl 2024 962,969 BOOK VAWE At 5 Aprfl 2024 962,969 Ae 5 April 2023 955.108 There were no Investment asset5 Outside UK. C05t or valuation at 5 April 2024 15 represented by: Llsted investments Valuatlon In 2024 962,969 Page 12 contin...
Hereford So¢iet for Aidin the Industrlous Note5 to the Flnancial Statements - continued for the Year Ended 5 ri12024 10. DEBTOR&' AJ•lOUNTS FALUNG OUE WH1N ONE YEAR 5.4.24 5.4.23 Other debtors Loans Prepayn*nts 1,320 1,7C 3,421 1.676 1,178 6,441 7,454 CREDThOR&' AAIOUNTS FALLING DUE WITHIN ONE YEAR 5.4.24 5.4.23 Trade creditors £crued expense5 607 6,468 13,519 2.673 7,075 16,192 ANALYSIS OF ASSEfs BETWEEN FUNDS 5.4.24 Total funds 5.4.23 Total funds Unrestrfcte funds Re$trfcted fund Fixed assets Investments Current assets Current liabilities 175,LKX) %2,969 34,955 17.0751 175,QJ) %2,%9 34,955 17.0751 176,191 955,108 34,232 116.1921 1,165,849 1,165,849 1,149,339 13. MOVEMENT IM FUNDS Net mLwement in funds At 5.4.24 At 6.4.23 Unrestricted funds General fund 1.149,339 16,510 1,165.849 TOTAL FUNDS 1,149.339 16,510 1,165.849 Net movement in funds, Included In the above are as follows: Incoming resource5 Resources expended Gains and losses •£Jvement in funds Unrestrfct•d funds General fund 155,319 1136,6701 12,1391 16,510 TOTAL FUNDS 155,319 1136,6701 12,1391 16,510 Page 13 continued...
Hereford Societ for Aidin the Industylous Ntstes to the Flnanclal Statements - contlnued for the Year En(d 5 ri12024 MOVEMENT IN FUNDS- contlnued Cornparatlves for rnovemert In funds Net movement in funds At 5.4.23 At 6.4.22 Unrestricted fund5 Gera1 fund 1,Z05,038 155,6991 1,149,339 TOTAL FUNDS 1,205,038 155,6991 1,149,339 Comparative net nwent In funds, Included In the above are as follows: Incorning sources Resources expended Gains and losses rrEnt In funds Unrestrlcted funds General fund 151.401 1166,3471 140,7531 155.6991 TOTAL FUNDS 151,401 1166,3471 140,7531 155,6991 14. RELATED PARTY DtsCLOSURES Mr DIILon, trustee of the charfty, TS a partner of Sunderlands. the firm who collects the rent for 17 Venns Close. During the year C1,253 was pald to Sunderlands in relation to management fees. No amounts were due at the year etld. Page 14