**REGISTERED CHARITY NUMBER: 218573** 

## **REPORT OF THE TRUSTEES AND** 

**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** 

## **FOR** 

**RICHARD LANE OTHERWISE TOMSON CHARITY** 

**REFERRED TO AS TOMSON'S CHARITY** 



TOMSON'S CHARITY
CONTENTS OFTHE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page
Report of the Trustees
Ito4
Report of the Independent Auditor5
Sto6
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
9t012

TOMSON'S CHARITY
REPORTTO THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report with the financial statements of the Charity for the year ended 31 December 2024. The
trustee5 have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recomfflended Practice
applicable to charities preparing their account5 in accordance with the Fin3nci31 Reporting Standard applicable in the UK
Jnd Republic of Irel3nd IFRS 1021 Isecond edition. effective l January 20191.
OBJECTIVES AND ACTivmES
Objectives and aims of the charity
The Charity is established to rnaifitain choral scholarships at the Cathedral School in the City of Hereford for boys resident
in the Diocese of Hereford.
The Charity aitns to fulfil its object set out above by sound investment management to maxirnise incotne toncomitant with
preservation of capital. to provide financial support for the cathedral choristers at Hereford C3*hedral School. The main
objective for the year is to maximise income to provide maximurr¥ 5UPPOrt for chorister
Si¥niticant activities
There were no new significant xtivities durin8 the year ended 31 December 2024.
Publlc benefit
The trustee5 confirm that they have referred to the guidance conlained in the Charity Commission's gener31 guidance on
public benefit when reviewing the ChariW5 aitn5 and objeitives Jnd in determining the grant making policy for the year.
Grantmaking
All 8rant making is ifi accordance with the provisions of the Charity Commsssion Scheme Sealed 1st DecernbEr 1977.
ACHIEVEMENT AND PERFORMANCE
Review of progress and achievement
The charitable activity remains, as set out in the scheme, the provision of tnoney for the estsblishment and mainten3nce of
choral 5cholar5hips at the Cathedral School. The cost of these scholarships is a major part of the c05t ol the Cathedral's
Choral Foundation, and it 15 unlikely that. without the aid of Tomson's Charity, the Chapter of Hereford Cathedral would be
able to raise sufficient money to maintain the choir at its present strength.
Matsrial Investsnents
The Charity draws its income Irom tnvestments. A 8rant has been mJde to the Chapter of Hereford Cathedral to meet the
cost of educating choristers and 5cho13r5hips totalling £O4.8￿{2023.. £64,Th)01 during the year. Given the rising cost of the
choral scholarships, the entire annual incotne of thi5 Charity is insufficient to meet the shortfall between the cost5 of choral
schol3rships of £169,56112023.. £186.8331 and the intome generated for this purpose in the¢r own right by the Chapter of
Hereford Cathedral. There 15 unlikely to be any further surplus income for the Charity in the future.
FINANCIAL REVIEW
Investment Powers
The trustees have wide power5 of investrnent.
Invesbnent polbcv and objectives
The trustees have considered the rnost appropriate policy for investin8 funds and consider that a rnix of primarily UK and
oversea5 equitie5 complimented by fixed interestand altemative hdding5 meettheir requirements to generate both income
and capital 8rowth.
To reflect more accurate￿ the nature of the charity the trLtstees have decided to split thÈ funds between the original
endowment and the net income available after charging charity Eovernance cost. This net income is recognised a5
unrestricted *unds and is distributed to cover part of the annual lost of the Cathedral choral scholarships.
Page 1

TOMSON'S CHARITY
REPORTTO THE TRUSTEE5 Icontinuedl
FOR THEYEAR ENDED 31 DECEMBER 2024
Reserves policy
The 8reater part of the Charity's assets is represented by its endowment. These fund5 are held as investments. The cost of
managing investrnents in 2024 was £8.475 12022.. £8,347) and is charged 38ain5t the endowment fund. Investments
generated a net gain of £146,014 in 202412023.. £52,923). Totsl endowrnent net assets at the year-end amounted to
£1,775.50912023.. £1,671,1821.
Income from investments is released to the unrestricted fund based on 3 4% return of the market valuation of investtTrEnts
at 30th June ol the 3 previous year5. Thi5 income is applied a5 a grant to Chapter to help cover the cost of the choral
scholarships. The dividend income generated by the investments in 2024 was £35.30012023.. £43.7301. The result for the
year shows 3 decrease in unrestricted net income of £2812023.. increase of £4461. It IS the policy ol the trustees to masntain
a srnall unrestricted fund to meet day-to-day costs. This stands at £1,494 on 31 Decernber 202412023. £1,522).
Risk review and Mana8ernerrt
The rnain riskaffectin8 thecharity is poorperformance of investments giving lower income returns.This is mitigated through
good management of the funds 35 highlighted above. The trustees keep this under review at 311 tirnes.
FUTURE PLANS
To continue to maximise incorne without jeopardising the capital base by constsnt review of investment performance for
the better provision of choral scholarship5.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Charity Commission Scheme Sealed l Decernber 1977.
RecNitmentand appointrnent of new trustees
The Charity Commission Scheme provides for the Chapter of Hereford Cathedral to be the trustees.
Organlsational structure
The clerk to the trustee5 oversees the day-to-day operatitsn of the Charity in accordance with the accounting instructions
that have been adopted by the trustees. Adrnini5tr3tive and financial duties are carried out by the trustees or delegated as
appropriate.
Induction and trainln8 of nEW trvstees
New members of Chapter are briefed on their duties as tTUStees as appropriate and attend courses covering the
responsibilities of the trustees.
Related parties
Related partie5, transaCt￿n$ a￿ set out in the notes to the financial staternents.
Page 2

TOMSON'S CHARITY
REPORTTO THE TRUSTEES Icontinuedl
FOR THEYEAR ENDED 310ECEMBER2024
REFERENCE AND ADMINISTRATIVE DETAILS
Re8iStered Charity number
218573
Prlnclpal address
5 College Cloisters
The Close
Hereford
Herefordshire
HRI 2NG
Tw$tees
The Trustee of the Charity who h35 day to day rnanagernent responsibility is The Chapter of Hereford Cathedral, whose
members at 31 December 2024 and sub5equendy appointed. are listed below..
The Very Revd Sarah Brown (Dean of Hereford)
The Revd Canon Andrew Piper
The Revd Canon Jame5 Pacev
Canon Duncan Jones
Canon David Howell
Canon Benjamin PaTdoe
Canon Marc Leppard
Canon Clare Wichbold MBE
Canon Patrick Nugent
(Resigned October 20241
(Appointed December 20241
Audltors
Hazlewoods LLP
Stsverton Court
5taverton
Cheltenh3m
GL51 OUX
Page 3

TOMSON'S CHARITY
REPORTTO THE TRUSTEES (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
REFERENCEAND ADMINISTRATIVE DEfAILS
Charity Name
Richard Lane Otherwise T0ffl50n
Charity Workln8 Name
Tomson's Charitv
Clerk to theTrustee
Christopher Milton IResigTied October 20241
Marc Leppard (Appointed February 20251
Bankers
CCLA Investment Management Ltd
One Angel Lane
London
EC4R 3AB
Investment Advisers
Rathbone Investrnent Mana8ement Ltd
8 Finsbury Circus
London
EC2M 7A2
STATEMENT OFTRUSTEES RESPONSIBILITIES
The trustee5 are responsible for preparing the Report of the Trustees and the finan¢*al statements in accordance with
applicable law and United Kingdom Accountin8 Stsndard5 (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in En8land and Wales, the Charities Act 2011. Charity IAccounts and Reports) Regulations
2008 and the provisions of the trust deed requires the trustee5 to prepare financial statements foreach financial yearwhich
give a true and lair view of the stste of affairs of the charity and ol the incoming resources and application of resource5,
including the income and expenditure, ol the charity for that period. In preparing those financial 5tatement5. the trustees
are reqUI￿d to
select suitable accounting policies and then apply them consistentlv.,
0115erve the methods and principles in the Charity SORP.,
make judgetnents and estimate5 that are reasonable and prudent..
prepare the financial statements on the goin8 concern basis unless it is inappropriate to presume that the charity
will continue in busine5S.
The trustees are responsible for keeping proper accountin8 records which dist105e with re3$0nable accuracy at any time
the financial position of the charity and to enable thern to ensure that the financial 5tstements Comp￿ with the Charities
Act 2011. the Charity (Accounts and Reportsl Regulations 21X)8 and the provisK)n5 of the trust deed. They are also
responsible lor safeguarding the assets of the charityand hence fortaking reasonable steps forthe prevention and detectyon
of fraud and other irregularities.
Approved by order of the board of trustees 27th May 2025 and signed on its behalf by..
The Very Revd Sarah Brown - On behalf of the Trustees
Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF TOMSON'S CHARITY
Opinlon
We have audited the financial statements of Tornsons Ch3rity (otherwise Richard Lane) for the year ended 310ecember
2024 which comprise the staternent ol financial activities, the balance sheetand notes to the financral Statements, including
) summary of significant accounting policies. The financial reporting framework that has been applied in their preparation
is applicable law and United Kingdotn Accounting Stsndards, including Financial Reporting Standard 102 The Financial
Reporting Stsndard applicab￿ in the UKand Republic of1reland (United Kingdom Generally Accepted Accounting Prxticel.
In our opinion, the financial statements..
give a trut and fair view of the state of the charity's affairs as at 31 December 2024 and of the charitvs net movement
in funds for the year then ended,.
have been properly prepared in accordance with United Kingdotn Generally Accepted Accounting Practice., and
have been prepared in accordance with the requirements of the Charities Act 2011.
Ba515 lor opinion
We have been appointed as Juditor under section 144 of the Charities Act 2011 and report in accordance with the Act and
relevant re8ulation5 made or h3vin8 effect thereunder. We conducted our audit in accordance with International Stand3rds
on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the
Auditorfs responsibilities for the audit of the financi31 ststements section ol our report. WÈ are independent of the charity
in accordance with the ethical reouirements that are relevant to our audit of the financial statements in the UK. including
the FRC'5 Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements.
We believe that the audit evidence we have obtained 15 suftitient and appropriate to provide 3 basis for our opinion.
Conclusions relating to going concern
In auditing the financi31 statements, we have concluded that the trustees, use of the going concem ba515 of accounting in
the preparation of the financial statetnents is appropriate.
Based on the work we have perforrned. we have not identified any material uncertainties relating to events or conditions
that, itKlividually orcolkntively, tn3y cast signif￿ant doubt on thecharity's ability to continue as a 8Olll8toncern fora period
of at least twelve months from when the financial statements are authorised lor issue.
Our responsibilitie5 and the responsibilities of the trustees wth respect to going concern are desuibed in the relevant
sections of this report.
Other inforniation
The trustees are responsible for the other information. The other information cornpri5es the inforrnation included in the
Trustees, Annual Report. Our opin¢on on the financsal ststements does not cover the other information and, except to the
extent otherwise explicitly stated in our report. we do not express any form of a55urance conclusion thereon.
In connection with our audit of the tinancial 5tattments, our responsibility is to read the other inform3tion and, in doing so,
consider whether the other information 15 fflaterially inconsistent with the financial staternent5 or our knowledge obtained
in the audit or otherwise appears to be rnaterially misststed. If we identify Such material inconsistencie5 or>pp>rent material
miss*atements, we are required to determine whether there is a material misstatement in the linanci31 statements or a
material misststement of the other information. If. based on the work we have performed. we concludÈ that there is a
material misstatement of this other inlorrnation. we are required to report that fact. We have nothing to report in this
regard.
Matters on whlch we are required to report by exception
We have nothing to report in respect ol the following m2tters in relation to which the Char¢tie5 (Accounts and Reportsl
Regulations 21X)8 require u5 to report to you if. in our opinion..
adequate accounting records have not beÈn kept by the charity., or
sufficient accounting records have not been kept.. or
the charity financial statements are not in agreement with the accounting records and returns., or
we have not received all the inlorrnation and explanations we require for our audit.
Responslbilities of trustees for the financial statement5
As explained more fully in the trustees, responsibilities 5tstement set out on page 4. the trustees are responsible for the
p￿paratIOn of the financial statements and for being sat15fied that they give a true and f3ir view, and for such intern31
control 3$ the trustees detemiine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In prep3ring the financial statements. the trustees are responsible for assessing the charit¥'s ability to continue a5 a going
concern. disclosing. a5 applicable. fflatter5 related to going toncern and using the going concern b3515 of accounting unless
the trustees either intend to liquidate the charity or to cease operations, or have no realistic altemative but to do so.
Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THETRUSTEES OF TOMSON'S CHARITY ICONTINUEDI
Auditof's responsibllities for the audltof the finarKial ststements
Ourobjectives are to obtsin reason3b¢e assurance about whether the financial statements as a whole are free from material
misststement. whether due to fraud or error. and to Issue an auditor's ￿port that includes our opinion. Rea50nable
assurance is > high level of assurance but is not a guarantee that an auditconducted in accordance with ISAS IUKI will always
detect a rnaterial misstatement when it e¥i5t5. Misstatements Can 3rise from fraud or error and are considered material if,
individually or in the aggregate. they could ￿8$OnablY be expected to influence the economic decisions of user5 taken on
the basis of these linancial statements.
Extent to which the uudit Vlas cttpable of detecting iiwegulGrities, includinsfroud
Irregularities. including fraud, are instances of non-compliance with laws and ￿zulationS. We design procedures in line with
our responsibilitE5. Outlined above, to detect tnaterial rni5St3tements in respect ol irregularities, includingfraud. The extent
to which our procedures are capable of detecting irregularities. including fraud is detailed below..
We considered the nature of the charity's industry and its control environment and reviewed the charity's documentation
of their policie5 and procedu￿5 relating to fraud and cornpliance with laws and re8ulations. We also enquired of
rnanagement about their own identification and assessment of the risks of irregularities.
We obtained an understanding of the legal and regulatory framework that the charity operates in and identified the key
law5 and regulations that had a direct effect on the determination of material amounts and distlosure5 in the financial
statements, including the UK Charities Act 2011 and tax legislation, and those that do not have a direct effect on the
linancial 5tstements but compliance with which may be fvndamental to the ch>rity's ability to operate orto avoid a rnaterial
penalty.
We discussed among the audit engagement team regarding the opportunities and incentives that may exist within the
organisation for fraud and how and where fraud might occur in the financial ststement
In common with all audits under ISAS IUKI, we are also required to perform specific procedures to respond to the risk of
management override. In addressing the risk of fraud through management override of controls, we tested the
appropraateness of journal entries and other adju5tments'. assessed whether the judgments Made in accounting estimates
are indicative of a potential biis.. and evaluated the business rationale of any significant transacts'ons that are unusual or
outside the nomial course of business.
In addition to the above, our procedures to respond to the risk5 identified included the following..
reviewing financial statement disc105ure5 by testing to 5UPPOrtin8 documentation to assess compliance with provisions
of relevant13W5 and regulations described as having a direct effect on the financial statements..
perforrning analytiC31 procedures to identify any unusual orunexpected relationships that may indicate risks of material
misststement5 due to fraud.,
enquiring of rnan38ement toncerning actual and potential litigation and clairn5 and instsnces of non-compliance with
law5 and regulations.. and
reading minutes of rneetings of those charged with governance.
Our audit procedures were designed to respond to risks of rnatersal misststement in the financial 5taternents, recognising
that the riskof not detecttng a material misstatement due to fraud is higher than the risk of not detecting one resulting from
error, as fraud may involve deliberate concealment by. for example, forgery. tni5representations orthrou8h collusion. There
are inherent limitstlOn5 in the audit procedures performed and the further removed non-compliance with laws and
regulations is from the events and transactions reflected in the financial 5tattYnents, the less likely we are to become aware
A further description of our responsibilities for the audit of the financial staternents is located on the Financial Reporting
Council's website at.. www.lrc.or
uditorsre5
on
ies. This description fornis part of our auditorfs report.
Use of our report
This report is made solely to the charity's trustees. 35 3 body. in accordance with section 144 of the Charitiè5 Act 2011 and
regulations made under section 154 01 that Act. Ouraudit work has been undertaken so that we fflight state to the charity's
trustee5 those matters we are required to stateto thern in an Auditor's report and lorno other purpose. To the fullest extent
pertnitted by law. we do not accept or assume rÈsponsibility to anyone other than the charity's trustees as a body lor our
audit work, for this ￿ptsrt, or for the opinions we have formed.
Scott Lawrence1Senior Statutory Auditor)
For and on behalf of Hazlewoods LLP.
Staverton Court
Staverton
Statutory Auditor
Cheltenham
GL51 OUX
30.05.2025
Page 6

TOMSON'SCHARITY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
Fund$
Endowment
Funds
Totsl Funds
2024
Total Funds
2023
Notes
INCOMEANDENDOWMENTS FROM
Investrnent Income
340
EXPENDITUREON
Raisin8 funds - investment management fees
Charitable activities
8,475
8.475
8.347
Total
77
Inve5bment gainslllossesl
146 014
14
NET INCOMEIIEXPENDITVREI
168,5401
172,839
104.299
20.584
Transfers between funds
NETMOVEMENT IN FUNDS
li
1281
104,327
104.299
20,584
RECONCILIATION OF FUND5
Total funds brou8ht forward
1671182
TOTAL FUNDS CARRIED FORWARD
All income and expenditure has arisen from continuing actNities.
The note5 nUtnbeTed I to 13 fom) part ol these financi31 statements.
The r¥)Les form part of these fir4arKial statements
Page 7

TOMSON'S CHARITY
BALANCESHEET
AT31 DECEMBER2024
Unresthrted
Funds
Endowment
Funds
Totsl Funds
2024
Totsl Fund5
2023
Notss
FIXED ASSETS
Investments
1775 509
1779 765
CURRENT AS5Ers
Debtors
Cash at bank
74
74
17,108
19.653
19,653
19,301
CREDITORS
Amounts falling due within one year
io
NET CURRENT ASSETSIILIABILITIESI
TOTALASSETS LESS CURRENT LIABILITIES
1775 509
ASS￿5
FIJNDS
Unrestricted funds
Endowment fund
li
li
1,494
1.494
1.522
1775 509 ￿￿182
1775 509
TOTAL FUNDS
li
The notes numbered I to 13 lorrn part of these financial 5tsternentS.
The financial ststements were approved by the Board of Trustees on 27th May 2025 and were signed on it5 behalf by..
Very Revd S Brown - On behalf of the Trustees
The KJte5 form part of these financial statements
Page 8

TOMSON'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
Basis of preparing the linancial statements
The financial statements of the charity. which 15 a public beneht entity under FRS 102. have been prepared in
accordance with the Charities SORP IFRS 1021'Accounting and Reporting by Charities.. Statementof Recofflmerided
Practice applicable to charitie5 preparing their account5 in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 lelfective I january 20191.. Financial Reporting Standard 102
'The Financial Reportin8 Stsndard applicable in the UK and Republic ol Irel3nd' and the Charities Act 2011. The
financial statements have been prepared under the historical cost convention with the exception of investments
which are included at market value. 35 modified by the revaluation of certain a55ets.
Going Concern
The actounts are prepared on a 80in8 concern basis, and, in the opinion of the directors, there is no material
uncertainty in connection with the company's ability to continue to operate for the foreseeable future and a
minimum of twelve months from the approval of the financial statements.
In￿me
All income is re£o8nised in the Statement of Financial Activities once the ch3rity has entitlement to the funds, it is
probable that the income will be received. and the amount can be measured reliablv.
Expenditure
Liabilities are reco8nised as expenditure as soon as there is a legal or constructive obligation committin8 the charity
to that Èxpenditure, it is probable that a transfer of economic benelits will be required in settlement and the amount
of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified
under headings that aggregate all cost related to the category. Where c05t5 cannot be directly attributed to
particular headings they have been allocated to activities on a ba515 consistent with the use of resource5.
Taxation
The charity is not Eenerally liable to corporation tax on its surplus. The charity is not registered lor value added tax
purposes.
Fund a¢¢ountinB
Unrtstritted funds can be used in accordance with the charitable objective5 at the discretion of the trustees.
The investments, and any income and expenditure in managing the capital assets of the charity are recognised a5
part of the original endowment by the Tomson Charity and shown as Endowment Fund5.
Further explanation of the nature and purpose of each fund is included in the notes to the financial ststements.
Investments
Investments are ststed at market value at the balance sheet date and unreali5ed gains or losse5 are shown on the
Statement of Financhil Activitie5.
Liabilities
Liabilities are reco8ni5ed when the Charity has a p￿sent oblbgation arisin8 from past events.
Cash at bank and in hand
C35h at b>nk and tash in hand includes cash and short-term invesbnents with 3 short maturity of three months or
less from the date of acouisition or opening of the deposit or similar accounL
Debtor5
Trade and other debtors are reco8nised at the settkment amount due. Prepayrnent5 are valued at the afflount
prepaid.
Credltors and provlslons
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that
will probably result in the transfer of fL¢nds to a third party and the amount due to settle the obliBation can be
measured or estimated reliably. Creditors and provision5 are nomially recognised at their settlement amount.
Pa8e 9

TOMSON'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS Icontinuedl
FOR THE YEAR ENDED 31 DECEMBER 2024
INVESTMENT INCOME
31.12.24
31.1223
Deposit account interest
Dividends
340
35,300
178
43,730
35,640
CHARITABLE ACTIVITIES COSTS
Dlre¢t Costs Suppcrt costs
(See nots Sl
Totsls
31.12.24
Choristers, School fee$ grant
64,8110
68.880
Totsls
31.12.23
67.900
Choristers. school fees grant
64,(X)O
3,9(K)
NET MOVEMENT ON INVESTMENTS
31.12.24
31.12.23
G3ins/llossesl on investments
Invests))ent management fees
146.014
18.4751
52,923
18.3471
137,539
44,576
SUPPORTCOSTS
Govefnance Goveman
costs
costs
31.1214
31.1223
Auditors, remuneration
Bank charge5
4,080
3,9
4,080
3.691
TRUSTEES, REMUNERATION AND BENEFITS
There were no ernployees during the year or the prioryear. No emoluments or expenses were paid to the trustee5
during the year or the prior year.
Tru5tees' expenses
There were no trustees, expenses paid for the year ended 31 December2024 nor for the year ended
31 December 2023.
Page 10

TOMSON'S CHARITY
NOTESTO THE FINANCIAL STATEMENTS It¢￿tinued1
FOR THE YEAR ENDED 310ECEMBER 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIALACTIVITIES
31.12.23
31.12.23
31.12.23
Ttstsl
fvnds
Unrestricted Endowment
Funds
Funds
Investhient income
178
43,730
43,908
Total
178
43,730
43.908
Raising Funds
Investment management fees
8,347
8,347
Charitsble activities
67,9(K)
67,9(X)
Totsl
67,900
8,347
76,247
Investment 8ain5111055e51
92
NETINCOME
167,7221
88,306
20.584
Transfers be￿eeTr funds
68,168
68,1681
Net movement on funds
446
20.138
20.584
Totsl fvnds brought forw¥d
1,076
1,651.044
1,652,120
Total fund5 carried forward
1.522
1.671.182
1.672.704
FIXED ASSET INVESTMENTS
Cash and
settbements
pending
Listed
investments
Tota15
MARKET VALVE
At l January 2024
Additions
Disposals
Gain5 on investments
Movement on cash
1,669,594
515.146
1565,4121
146,014
5,719
1,675,313
515,146
1565,4121
146,014
8,704
8,704
At 31 December 2024
1765,342
14,423
1.779.765
Ftmed asset investments are quoted on a recogni5ed stock exchange and held within the United Kingdom.
DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YL4R
31.12.24
31.1223
Other debtors
Accrued incorne
74
66
17.042
Debtors
74
17,108
Pa8e11

TOMSON'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS Icontinuedl
FOR THEYEAR ENDED31 DECEMBER 2024
io.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1224
31.1223
Other creditor5
22,415
21.910
ii.
MOVEMENT IN FUNDS
Net
movement in
funds
Transfers
between
funds
At 1.1.24
At 31.1224
Unrestricted funds
General fund
1,522
168.5401
68,512
1.494
Endowment fund
1,671,182
172,839
168,5121
1,775,509
TOTAL FUNDS
1.672.704
104,299
1,777,IX)3
Net movement in fund5, included in the above are as follow5..
Income and
endowments
Expenditure
Gains and Movement in
losses
funds
Unrestricted fu*)ds
General fund
340
168,8801
168.5401
Endowment fund
35,3
18.4751
146,014
172,839
TOTAL FUNDS
35.640
177,3551
146,014
104.299
Unrestricted funds represent the funds of the charity that are not subject to any restrictions regarding their use and
are available for application of the general objects ol the charity.
The Endowrnent fund is the capital assets of the charity which are used to generate the inctsme pafrd over to the
unrestricted fund for distribution in furtherance of the aims of the charity.
Iz
RELATED PARTY DISCLOSURES
During the year, £64.80012023.. £64,Th)01 was p3id to the Chapter of Hereford Cathedral Iwho is the sole twstee
of the char¢tyl in respect of part funding choristers, school fees at Hereford Cathedral School. The charity owed the
Chapter of Hereford Cathedral £l6,2(￿l2023.. £16.0(M)l at the balance sheet date.
13.
ULTIMATE CONTROLLING PARTY
The char*ty is controlled by Hereford CathedTal on the basis that the Chapter of the Cathedral 15 the sole trustee of
the charity (Charity registration number 12053971. A copy of the consolidated accounts of Hereford Cathedral rnay
be obtained frorn its principal office at the address shown on pa8e 3.
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