2020-12-31-accounts

Trustees			Mr DA Barrat
			Dr T D Roderick
			Wg Cmdr PJ Hereford OBE
			Dr BJ Roderick
			Mrs E Hillman
			Mr P R Harris
			Mr D Owen
			Mrs I Howlett
			Mrs E Sandison
			Mrs N O'Byrne
			Mrs G Sample	(Appointed	26 September
				2020)
Charity	number		215663
Principal	address		5 College Cloisters
			Hereford
			Herefordshire
			HR1 2NG
Independent		examiner	Hawkins Priday	Ltd
			5 Bridge Street
			Hereford
			HR4 9DF
Bankers			Central Board of Finance ofthe Church of England
			Senator House
			85 Queen Victoria Street
			London
			EC4V4ET
			Barclays Bank Pic
			1/3 Broad Street
			Hereford
			HR4 9BH
			United Trust Bank
			80 Haymarket
			London
			SW1Y 4TE

				Page
Trustees'	report
Independent examiner's report
Statement	offinancial	activities
Statement	offinancial	position
Notes to	the financial	statements		10 - 17
Detailed	statement of	financial	activities	18

				Unrestricted	Unrestricted
				funds	funds
				2020	2019
			Notes
Iltggifmf fgm.
Donations and legacies			2	18,127	20,473
Subscriptions			3	7,716	7,877
Investments			4	14629	14115
Publicity and events				3,805	12,882
Total income				44,277	55,347
EzuftafllturiIJ20.
Publicity and events				160	3,007
Charitable activities				41,877	46,216
Other expenditure			10	301	321
Total resources	expended			42,338	49,544
Net gains/(losses)		on investments	11	26,846	63,310
Net movement	In	funds		28,785	69,113
Fund balances at 1 January 2020				492,565	423,452
Fund balances	at	31 December 2020		521,350	492,565

					2020		2019
				Notes			6
Fixed assets
Investments				12		489,003		461,179
Current assets
Trade and other receivables				13	6,531		5,531
Cash at bank	and	in hand			51,494		46,651
					58,025		52,182
Current liabilities				14	(25,678)		(20,796)
Net current assets						32,347		31,386
Total assets	less	current	liabilities			521,350		492,565
Income funds
Unrestricted	funds					521,350		492,565
						521,350		492,565

	Unrestricted	Unrestricted
	funds	funds
	2020	2019
	8	5
Donations and gifts	14,067	1,567
Legacies receivable	4,060	18,906
	18,127	20,473
Legacies receivable
Ms D E M Bennett	3,060	2,734
Ms P M Holman		1,172
Mrs B Kidd & Mr W Kidd		5,000
Mr D Plowman		10,000
Ms J C Balding	1,000
	4,060	18,906

		Unrestricted	Unrestricted
		funds	funds
		2020	2019f
Membership	subscriptions	7,716	7,877

		Unrestricted	Unrestricted
		funds	funds
		2020	2019
			5
Income	from listed investments	13,550	13,618
Interest	receivable	1,079	497
		14,629	14,115

			Unrestricted	Unrestricted
			funds	funds
			2020f	2019 f
Fundraisin	and	ublici
Staging fundraising		events	160	3,007
			160	3,007

			2020	2019
			S	6
Annualreport			1,408	1,344
Grant funding	of activities (see note 7)		36,413	40,982
Share ofsupport costs (see note 8)			1,254	1,207
Share ofgovernance		costs (see note 8)	2,802	2,683
			41,877	46,216

			2020	2019
			f	f
Grants to Dean and	Chapter of Hereford	Cathedral:
- Choral grant			15,000	12,000
-Gardens			163	977
- Denton Monograph	booklet		250
-Camera			1,000
- Cathedral Appeal			20,000
- Signage project				8,000
-StThomas booklet				750
-Chapter Room kitchen				779
- Friends Office				1,929
- Organ Loft CCTV				9,447
-St Ethelbert House	refurbishment			7,000
Donations to Churches				100
			36,413	40,982

Support		co	sts
					Support	Governance	2020	2019
					costs	costs
Printing	and		stationery		474		474	618
Postage					780		780	589
Accountancy			8 Independent	Examiner's fees		1,548	1,548	1,476
Printing	and		stationery			474	474	618
Postage						780	780	589
					1,254	2,802	4,056	3,890
Analysed		between
Charitable		activities			1,254	2,802	4,056	3,890

expenses incurred on beha	lf ofthe Charity:
	Nature of	expenses
Mrs(Howlett	Postage		31
Dr T D Roderick	Postage		25
Mrs E M Hillman	Stationary	&Postage	645
			701

	Unrestricted	Total
	funds
	2020	2019
Financing costs	206	321
Other expenditure	95
	301	321

			Unrestricted	Unrestricted
			funds	funds
			2020	2019
			6
	Revaluation	of investments	26,846	63,310
12	Fixed asset	investments

Fixed asset investments			(Continued)
	Listed	Cash or cash	Total
	investments	equivalents
	6
Cost or valuation
At 1 January 2020	411,179	50,000	461,179
Valuation changes	26,846	978	27,824
At 31 December 2020	438,025	50,978	489,003
Carrying amount
At 31 December 2020	438,025	50,978	489,003
At 31 December 2019	411,179	50,000	461,179
		2020 6	2019f
Investments at fair value comprise:
Investment Fund		169,566	158,613
Property Fund		40,110	42,207
UK Equity Fund		98,588	101,336
Global Equity Fund		129,761	109,023
		438,025	411,179

Trade and other receivables
	2020	2019
Amounts falling due within one year:	6	F
Other receivables	1,286	286
Prepayments - Trips	5,245	5,245
	6,531	5,531

				2020	2019
			Notes	5
Deferred	income		15	24,130	19,320
Other payables				1,548	1,476
				25,678	20,796
Deferred	income
				2020	2019f
Deferred	income:	I ife membership		6,742	7,707
Deferred	income:	Trips		17,388	11,613
				24,130	19,320

Deferred	in	come is included in the financ	ial statements as foll	ows:
				Released to
			At 1 Jan	incoming	Deferred in		At 31 Dec
Deferred	income		2020	resources 6	the 6	year	2020 f
Life membership			7,707	(1,715)		750	6,742
Fundraising		events and trips	11613	~378	~61 3		17388
			19320	L22093	6	903	24 130

	2020f	2019
INCOME AND ENDOWMENTS
Donations and legacies
Donations	14,067	1,567
Legacies	4,060	18,906
Charitable activities
Subscriptions	7,716	7,877
Publicity and events	3,805	12,882
Investment income
Dividend income	13,550	13,618
Deposit account interest	1,079	497
Total incoming resources	44,277	55,347
EXPENDITURE
Charitable activities
Events	160	3,007
Printing, stationery & postage	1,254	1,207
Annualreport	1,408	1,344
Grants payable 8 donations	36,413	40,982
Governance
Accountancy	1,548	1,476
Printing, stationery 8 postage	1,254	1,207
Other expenditure	301	321
Total resources expended	42,338	49,544
Net gains/(losses) on investments	26,846	63,310
Net income/(expenditure)	28,785	69,113